NCMA - FY 08	STATEMENT OF ACTIVITIES  AND COMMENTARY FOR FEBRUARY 2008
		EXECUTIVE SUMMARY
The Month's results are summarized as follows:		FEBRUARY	FEBRUARY	FEBRUARY	FEBRUARY
		Actual	Budget	Variance	Variance %
Revenues		386,118	451,673	(65,555)	-14.5%
Expenses		379,768	449,196	69,429	15.5%
Net Income - pre investment income, other and taxes		6,351	2,477	3,874	156%
The unfavorable variance in February revenues results primarily from the cancellation of the Executive Conference (Decision taken in 2007 but after the budget had been finalized) and
secondarily from lower revenues in Membership (Individual and Group), Education (NES), Advertising (Corporate Sponsorships), and Certification (Exam Fees).
This unfavorable variance in February revenues is partially offset by higher than budgeted revenues in Education (Audio Seminars, Books), and
Advertising (Resource Guide, Career Programs - CM Jobs.com, CM Magazine, Website, and Educational Partners).
The favorable variance in February expenses results primarily from the cancellation of the Executive Conference - see comment above - and secondarily from lower expenses in
Component Relations (Mid-Year conference), Education (NES - variable costs), Creative Services (Career Programs - Salary Survey costs, Corporate Sponsorships - Variable)
and Certification (General Program and Exam expenses)
This favorable variance is partially offset by higher expenses in Governance (BOD -timing), Administration (Building - Utilities and Storage), Finance (Credit Card costs), and
Education (Audio Seminars, Books - variable, LDP - training), Creative Services (Resource Guide, Website, and Educational Partners - variable costs and CM Magazine - variable and printing).
The Year to Date results are summarized as follows:		YTD	YTD	YTD	YTD
		Actual	Budget	Variance	Variance %
Revenues		3,257,613	3,366,068	(108,455)	-3.2%
Expenses		3,347,483	3,429,978	82,495	2.4%
Net Income - pre investment income, other and taxes		(89,870)	(63,910)	(25,960)	41%
The unfavorable variance in YTD revenues results from lower than budgeted revenues in Membership (Individual), Education (NES),
Advertising (CM Magazine, Corporate Sponsorships), Certification (Exam Fees) and Meetings (ADC and Executive)
This unfavorable variance in YTD revenue is partially offset by higher than budgeted revenues in Membership (Group), Education (Books)
Advertising (Resource Guide, Career Programs, Website and Educational Partners), and Meetings (GCMC).
The favorable variance in YTD expenses results from by lower expenses in Component Relations (Chapter Support, Awards - timing) Administration (Marketing - GCMC, Executive, Membership, Certification)
Membership (Fulfillment timing), Education (NES, E-Learning  - Variable, LDP - timing), Creative Services (Journal - mail costs, Corporate Sponsorships - variable), Certification - (General Program and Exam Fees) and
Meetings (ADC - lower speaker and variable costs and Executive - cancellation).
This favorable variance in YTD expenses is partially offset by higher than budgeted expenses in Component Relations (BOA, Las Vegas Mid-Year), Administration (Recruitment, Computer costs and Travel)
Building (Utility and Janitorial costs), Finance (Temporary Staff, Credit Card processing charges), and Creative Services (G & A - temporary staff, and Resource Guide, Career Programs,
Website, and Educational Partners - variable costs).
Year to Date Salaries and Benefits		Actual	Budget	Variance	Variance %
Aggregate Salaries and Benefits for the year to date are as follows:		1,072,610	1,165,030	92,420	7.9%
The favorable variance on Salaries and Benefits is principally a result of the FY 08 budget assuming higher starting salaries for employees hired between
March and February, a change in the staff configuration, and vacancies for varying periods in Certification, Meetings and Creative Services, partially offset by temporary staff costs
NCMA - FY 08
PART B	DETAILED COMPARISON OF ACTUAL AND BUDGET FOR FEBRUARY 2008
	Month	Month	Variance	Variance		Commentary on Variances
	ACTUAL	BUDGET	$	%
	February 2008	February 2008
Revenues
Component Relations
Leadership Mid-Year/Summit	500	1,050	(550)			Daytona Beach Mid Year -  20 paid attendees
	500	1,050	(550)
Membership
Membership Dues	102,335	109,716	(7,381)	-7%		YTD Actual $731,032 - Budget $877,728
Initiation Fees	3,350	3,500	(150)	-4%		YTD Actual $26,500 - Budget $28,000
Associate Dues	1,955	2,265	(310)	-14%		YTD Actual $13,680 - Budget $18,120
Retired Dues	2,745	2,704	41	2%		YTD Actual $18,270 - Budget $21,632
Group Memberships	15,555	28,148	(12,593)	-45%		February revenues include -
						KBR $2,160, Washington Closure Hanford $2,052
						Naval Undersea Warfare Center $1,944, FAA $1,300
						Naval Special Warfare Dev Group $1,512, BAE $1,304
						YTD Actual $276,727 - Budget $225,184
Affinity Programs	1,263	1,437	(174)	-12%
Merchandise Sales	0	0	0
Total Membership and Chapter Relations	127,203	147,770	(20,567)	-14%		YTD Actual $1,074,563 - Budget $1,182,160
Education
NES	9,229	38,679	(29,450)	-76%		Three seminars held in February - all chapter hosted and all Solicitations, Bids and Proposals.
						Detroit 23 attendees - $2,047, Twin Cities 31 - $2,759 and Suncoast 48 - $4,272.
						Budget - Four chapter hosted - 49 attendees @ $99 each, Two Nationally Sponsored - 30 attendees @
						$295 each. Balance represents NES book sales
Audio Seminars	41,769	37,000	4,769	13%		Actual - Three seminars - FAR Overview  - 81 sites, Mandatory Compliance Requirements - 64 sites
						and Contract Administration Basics - 66 sites. Line also includes sales of CD's.
						Budget - Two Seminars - 100 sites for each
Books	19,489	9,888	9,601	97%		Principally sales of General Business and Federal Knowledge modules including 25 of each to
						the Atlanta chapter for their study group.
E-Learning	5,295	5,075	220	4%		V Campus on-line courses
Leadership Development	0	0
Total Education	75,782	90,642	(14,860)	-16%
Advertising
Resource Guide	14,300	7,500	6,800	91%		Timing - Sold by third party - YTD Actual $138,155, Budget $60,000
Career Programs	67,375	45,666	21,709	48%		CM Jobs.com revenue.
						YTD revenue includes GCMC Career Revenue as well -
						CM Jobs.com - YTD Actual $381,250, Budget $328,578
						Career Fair - November (No prior revenues) - YTD Actual $21,350, Budget $6,000
CM Magazine	55,038	47,400	7,638	16%		Advertising Sales - YTD Actual $384,395, Budget $396,200
Website	18,900	5,000	13,900	278%		YTD Actual $71,248, Budget $40,000
Corporate Sponsorships	2,500	16,000	(13,500)			Timing - Sold by third party - YTD Actual $23,000, Budget $68,000
						February revenues represent Wolters, Kluwer
Educational Partners	20,000	0	20,000			Timing - Sold by third party - YTD Actual $74,000, Budget $53,000
						February revenues represent Federal Market Group $4,500, Graduate School, USDA $4,500
						Management Concepts $7.500, St.Louis University $3,500
Reprints	0	500	(500)	-100%
Total Advertising	178,113	122,066	56,047	46%
Certification
CPCM	785	3,465	(2,680)	-77%
CFCM/CACM	2,885	3,775	(890)	-24%
CCCM	850	625	225	36%
Miscellaneous/CMBOK	0	0	0
Examination Fees	0	2,280	(2,280)			Budget anticipated switch to Kryterion under whose system customers pay NCMA
						directly. This change has been delayed and exam administration continues to be
						performed by Prometric who collect fees directly themselves.
Total Certification	4,520	10,145	(5,625)	-55%
Meetings
ADC Conference	0	0	0
GCMC Conference	0	0	0
Executive	0	80,000	(80,000)			Executive Conference canceled in 2007
World Congress	0	0	0
Total Meetings	0	80,000	(80,000)
Other Revenue
Miscellaneous	0	0	0
Total Other Revenue	0	0	0
Total Revenue	386,118	451,673	(65,555)	-15%
			0
Expenses
Governance
Board of Directors	13,776	3,233	(10,543)	-326%		Timing on claims on Mid Years - YTD Actual $73,200, Budget $73,033.
						FY 08 Full year budget is $112,540
Committees	0	630	630	100%		Timing - YTD Actual $5,043, Budget $5,040
Advocacy	215	0	(215)			Amortization of PR software costs
Total Governance	13,991	3,863	(10,128)	-262%
Component Relations
Chapter Support	8,292	8,969	677	8%		Chapter rebate accrual - $7,566. Balance is pins and sundry promotional items.
Awards	329	366	37	10%
Board of Advisors	0	2	2	100%
Council of Fellows	0	8	8	100%
Leadership Mid-Year/Summit	7,408	11,100	3,692	33%		Daytona Beach Mid Year. Budget was for 42 paid attendees - Actual 20
						Lower variable costs - food and beverage
						Aggregate costs for all three Mid-Year Conferences $36,170, Budget $33,300
Total Component Relations	16,029	20,445	4,416	22%
Administration
Salaries and Benefits	56,349	51,021	(5,328)	-10%		Additional staff in Component Relations and Marketing - both departments included in this line
Administration	39,769	39,852	83	0%		Higher computer software maintenance costs offset by lower software depreciation expenses (deferral of
						Results Direct - Content Management System until April 2008)
Building	17,842	12,396	(5,446)	-44%		Higher utility/custodial/condo costs than budgeted - budget was prepared before these were known. Feb
						also includes costs incurred ($2,383) to reduce records stored off-site in preparation for consolidation into
						one off-site storage space. In addition the line item includes mortgage interest on the new offices ($6,323)
						and building amortization ($4,663).
Finance	23,013	19,035	(3,978)	-21%		Higher credit card processing charges - in part as a result of the start of World Congress registrations
Marketing	12,097	14,490	2,393	17%		February includes Knowledge Guide printing costs - $4,831
Total Administration	149,071	136,794	(12,277)	-9%
Membership
Salaries and Benefits	13,181	20,568	7,387	36%		Two positions open for part of month - all positions in customer service now filled
General and Administrative	0	0	0
Membership Services	7,041	4,380	(2,661)	-61%		Higher printing costs - envelopes - timing - YTD Actual $30,833, Budget $37,505
Communities of Interest	0	0	0
Total Membership and Chapter Relations	20,222	24,948	4,726	19%
Education
Salaries and Benefits	10,200	16,243	6,043	37%		Allocation of Director of Education and Certification and 100% of Program Administrator costs. (Budget
						included allocation of CKO)
General & Administrative	530	267	(263)	-99%		Amortization of education related software and telephone costs
NES	7,844	21,850	14,006	64%		Seminar costs and materials.
Audio Seminars	17,995	15,520	(2,475)	-16%		Higher revenues, higher variable costs
Cost of Books	16,291	5,479	(10,812)	-197%		Comprises cost of books sold.
E-Learning	2,973	3,213	240	7%		V Campus - Commission on sales
Leadership Development	3,339	1,098	(2,242)	-204%		Instructor training costs $1,260, amortization of licenses and course materials
Committees	0	0	0
Total Education	59,171	63,670	4,498	7%
Creative Services
Salaries and Benefits	22,897	29,032	6,135