12.18.23 OMA Board Book

With continued careful cost containment measures and leveraging our (new) multiple technology solutions in marketing and sales development to further promote membership growth and advertisement of the OMA’s core services coupled with consolidation to a single annual conference, the expectation is that we will experience a similar FY2024 experience with revenues and expenses as what has been realized across FY2023. Further, relative to costs in the FY2024 budget, we will be able to leverage approximately $190K from our Investment Policy (specifically the Spending Distribution of up to 4%) from our investments to move into OMA’s operations if needed (which we would allocate to supporting our ongoing operational costs for our IT infrastructures or other use). Additionally, there are costs included in the FY2024 budget that are tied to the treat or refer initiatives, that if grant funding is secured, these are costs that won’t need to be realized from operations. Finally, we did not budget for “+1” guests ($150/person) for our BOT dinners unless the BOT determines these costs should be added accordingly.

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