Annual Report 1999
Page 7
Financial and Membership Report
The Building Congress achieved solid financial and membership growth during 1998. Bolstered by increased program income and higher membership dues, total revenues exceeded $1.6 million for the first time. This enabled the Building Congress to enhance member services, including the production and mailing of a comprehensive membership directory, and increase industry advancement activities with government, the media and the business community. Greater long-term financial stability was assured through growth in the reserve fund to the equivalent of one year's operating expenses.
For the coming year, the Building Congress has resolved to increase and broaden the membership, implement a host of informative and entertaining events, and promote the industry legislatively in Albany and at City Hall. With membership now approaching 1,200 individuals, the Building Congress is able to take advantage of growing constituent support to promote its services to the industry as a whole.
| New York Building Congress Unaudited Financial Report* for the 12 Months Ended December 31, 1998 | |
| Revenue | |
| Dues | $ 572,000 |
| Programs | $ 994,500 |
| Other | $ 47,500 |
| Total: | $ 1,614,000 |
| Disbursements | |
| Operating | $ 767,000 |
| Member Programs | $ 578,000 |
| Reserve Funds | $ 79,000 |
| Other | $ 18,000 |
| Total: | $ 1,442,000 |
| *Audit report from Anchin, Block & Anchin, LLP is available upon request. | |
