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Updated Chapter Financials

At PRSA Houston's November meeting of the Board of Directors, Treasurer Holly Hutchins updated the board on the Chapter's finances.

Through November 16, 2004, PRSA Houston has posted year-to-date revenue of $116,502. Income has been running significantly ahead of projections due to the outstanding performance of our two flagship annual activities: the Excalibur Awards and PR Day. On the flip side, income from membership dues is running almost 25 percent behind projections.

Expenses year-to-date total $94,752.

Therefore, the Chapter's net income year-to-date is $21,750.

We continue to maintain healthy reserves that total more than the recommended 40% of our annual budget. As of November 16th, the cash balance in the Chapter''s money market account totals $32,286.24 and the PRSA checking account has a balance of $23,038.61. Therefore, our total cash reserves are $55,324.85.

Daniel Keeney
(832) 467-2904
(214) 432-7555
Author: Daniel Keeney
Phone: (832) 467-2904
Fax: (214) 432-7555
Category: prsa houston news | Sub Category: chapter administration