Russell Witt - We were looking over the benefits of each level and we would like an opportunity to discuss the financial amounts proposed. Jason Giles – We largely based it off the current fee structure and added one more level. It is all just to get some more participation and more notoriety. Financially, we are averaging $800,000 to $1 million dollars in savings each year. Andy Ebona – I would like to thank members of the Finance committee members for the work they did with us this year. At the end of 2018, NIGA ended the year with a $11 million positive cash flow. As of august 2019, we are in a strong financial position with $818,000 positive cash flows for 2019. Our Tribal Membership dues are down by $257,000. We need to work on the Tribes paying their dues. We have $175,000 in building sponsorships to collect this year. However, we raised an additional $539,000 over expected Tradeshow Revenues. For 2019, our projected total budget was $6,980,400 and as of August 2019 we are at 94% $6,566,584. For 2020, our projected gross revenues are $7.1 million with $6.4 million in projected expenses for a net revenue of $683,000. This will be the third year in a row under budget. The Finance Committee decided we would like to pay $315,000 down on the loan principal due to the projected revenue. Jason Giles – We have several capital improvements. $100,000 Tribal Leaders Lounge, $75,000 front steps, and $20,000 for basement repair. The lounge is the last remodeling project on the building. Matt Morgan – Why are we doubling the Donations under governance and why are we adjusting the Tradeshow revenues down? Jason Giles – Those numbers are reflective of what we spent this year. Motion to approve the 2019 Treasurers Director’s report by Greg Abrahamson. Seconded by Matt Morgan. Motion passed unanimously Motion to adopt the 2020 proposed budget by Seth Damon. Seconded by Matt Morgan. Motion passed unanimously Motion to adopt the associate member fee schedule pending discussions with the Associate member Representatives report by Andy Ebona. Seconded by Denise Harvey. Motion passed. Twelve yeas and one abstention (Navajo Nation)
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