MDA House of Delegates Members:
I would like to provide House of Delegates members with a mid-year report of the 2015 MDA financial operations. As of June 30, the net income figure of $32,044 is comparable to the 2015 budget figure of $30,488. Revenues have decreased by 16.7 percent, mainly due to the fact that no royalties have been received from the MDA Health Plan this year compared to $372,500 from the previous plan in 2014. However, the MDA did begin to receive MDA Health Plan endorsement and sponsorship fees in August. Additionally, the MDCI dividend of $223,000, which was received in July, will also help to offset this shortage.
MDA staff and the MDA Board Committee on Finance will continue to monitor the financial operations of the MDA to safeguard member dues dollars.
The MDA Board Committee on Finance has also developed the 2016 MDA budget. The committee reviewed all revenue projections and expense requests, along with strategic planning strategies and initiatives. The budget includes an allocation from non-reserves of $73,788 to balance the budget. Attention was given to the areas indicated as high priority in the House of Delegates survey pertaining to budget priority ranking.
I would like to provide House of Delegate members the opportunity to review the budget prior to its submission to the Board of Trustees for approval on September 18th.Click here to view the attached budget and accompanying information and submit any questions or concerns to me at email@example.com by Wednesday, Sept. 9. Any and all feedback from House members during this process would be greatly appreciated.
Thank you for all that you do for the MDA and its members!