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The
total
NABJ
revenue
as
of
08/31/2015
is
$1,967,466.41.
This
amount
is
under
the
total
budgeted
2015
NABJ
revenue
of
$3,421,500.00
by
($1,454,033.59).
The
total
NABJ
sponsorship
revenue
as
of
08/31/2015
is
$915,602.98.
This
amount
is
under
the
total
NABJ
2015
budgeted
sponsorship
revenue
of
$1,801,100.00
by
($885,497.02).
The
total
NABJ
2015
Convention
revenue
as
of
08/31/2015
is
$1,686,128.70.
This
amount
is
under
the
total
budgeted
2015
Convention
revenue
of
$2,342,837.00
by
($656,798.30).
The
total
NABJ
2015
Convention
revenue
as
of
08/31/215
is
$843,629.00.
This
amount
is
under
the
budgeted
NABJ
2015
Convention
sponsorship
revenue
of
$1,370,000.00
by
$656,708.30.
The
total
NABJ
2015
expenses
as
of
08/31/2015
are
$2,036,834.00.
This
amount
is
under
the
total
NABJ
2015
budgeted
expenses
of
$3,191,537.00
by
$1,152,703.00.
The
NABJ
2015
Convention
expenses
as
of
08/31/2015
totaled
$1,284,013.83.
This
amount
is
under
the
NABJ
budgeted
2015
Convention
expenses
of
$1,341,259.00
by
$57,245.17.
As
of
08/31/2015
NABJ
had
a
total
net
(loss)
for
the
eight
month
period
of
($69,387.59).
This
amount
is
under
the
budgeted
2015
profit
of
$229,962.00
by
($303,330.59).
As
of
08/31/2015
NABJ
had
a
2015
Convention
net
profit
of
$402,114.
77.
This
amount
is
under
the
budgeted
2015
Convention
net
profit
of
$1,001,578.00
by
($599,463.13).
B. Projected
Year
End
12/31/2015
Financial
Results
As
of
08/31/2015
Are
The
Following:
The
total
projected
NABJ
revenue
for
year-end
12/31/2015
is
$1,967,466.41.
This
amount
is
under
the
total
budgeted
2015
NABJ
revenue
of
$3,421,500.00
by
($1,339,885.79).
The
total
projected
NABJ
sponsorship
revenue
for
year-end
12/31/2015
is
$931,602.98.
This
amount
is
under
the
total
NABJ
2015
budgeted
sponsorship
revenue
of
$1,801,100.00
by
($869,497.02).
The
projected
total
NABJ
2015
Convention
revenue,
convention
sponsorship
revenue,
convention
expenses
and
convention
net
profit
for
year-end
12/31/2015
are
the
same
as
the
08/31/2015
actual
financial
results
above.
Projected
for
year-end
12/31/2015
is
an
operating
cash
deficit
of
($56,961.73).
NABJs
current
negative
financial
and
cash
position
is
the
worst
it
has
been
since
December
2009
and
has
put
the
organization
in
the
position
where
by
the
current
Board
had
to
approve
the
sale
of
$400,000
of
our
investments
to
payoff
unpaid
2015
NABJ
Convention
debt.
It
should
be
noted
that
even
though
we
have
sold
$400,000
of
our
investments
and
used
those
cash
proceeds
to
pay
off
unpaid
2015
Convention
debt
it
is
still
projected
by
year
end
12/31/2015
it
is
still
projected
that
we
will
have
an
operating
cash
deficit
of
($56,961.73).
This
would
mean
that
we
would
not
have
the
funds
to
stay
operational
going
into
calendar
year
2016.
The
bottom
line
is
that
we
must
generate
sufficient
revenue
sources
over
the
next
three
months
that
would
provide
the
necessary
cash
flow
that
we
would
begin
receiving
in
January
and
February
2016.
D. Cash
Balance,
Accounts
Receivable,
Accounts
Payable
and
Investment
Balances
As
of
10/19/2015: