NCMA - FY 05	STATEMENT OF ACTIVITIES  AND COMMENTARY FOR AUGUST 2004
PART A	EXECUTIVE SUMMARY
The results for August are summarized as follows:
		Actual	Budget	Variance
Revenues		241,277	205,239	36,038
Expenses		252,823	260,115	7,292
Net Income - pre investment income		(11,546)	(54,876)	43,330
August revenues exceeded budget as a result of higher group membership dues, increased advertising in the CM magazine,
continued high NCMA Jobs.com revenue and improved Certification revenues.
August expenses were less than budget because higher communications expenses (Journal printing, Internet management costs) were offset by
lower Education costs and the deferral of certain Membership and Certification costs. Costs deferred are planned deferrals to mitigate the effect of
the shortfall on the ADC conference in July.
The Year to Date results are summarized as follows:
		Actual	Budget	Variance
Revenues		608,473	654,893	(46,420)
Expenses		646,750	726,667	79,917
Net Income - pre investment income		(38,278)	(71,774)	33,496
Year to date revenues are lower than budgeted primarily as result of the shortfall in ADC revenues in July. This shortfall has been partially offset by
better than budgeted Magazine advertising and NCMA Jobs.com revenues.
Year to date expenses are lower than budgeted for the following reasons:
	Lower ADC conference variable costs
	Deferral of budgeted costs in Membership and Certification for the reasons stated above
	Later than  planned start date for new Chief Knowledge Officer (Education) and Designer (Communications)
	Lower than budgeted Board of Director meeting expenses
These lower costs have been partially offset by Journal printing costs and higher than budgeted internet management costs
NCMA - FY 05
PART B	DETAILED COMPARISON OF ACTUAL AND BUDGET FOR AUGUST 2004
	Month	Month	Variance	Variance		Commentary on Variances
	ACTUAL	BUDGET	$	%
	August 2004	August 2004
Revenues
Governance
Leadership Summit		0	0
	0	0	0
Membership Dues	84,105	93,000	(8,895)	-10%		Reflects some transfer from individual to group
Initiation Fees	3,160	2,000	1,160	58%
Associate Dues	1,440	1,750	(310)	-18%
Retired Dues	1,760	2,000	(240)	-12%
Group Memberships	31,584	11,000	20,584	187%		Continued focus on marketing of Group memberships
Corporate Memberships		0	0
Affinity Programs	4,644	2,185	2,459	113%		Sold by third party and difficult to predict
Merchandise Sales	148	0	148
Total Membership and Chapter Relations	126,840	111,935	14,905	13%
Education
NES	2,480	0	2,480			Two seminars - Project Management and Service Contracting
Audio Seminars	4,640	9,740	(5,100)	-52%		1 seminar - Registrants - Actual 36, Budget 50.
Learning Center	3,500	0	3,500			American Graduate University
Certification	3,016	6,352	(3,336)	-53%		Certification book sales
E-Learning		7,160	(7,160)	-100%		Product not yet relaunched
Total Education	13,636	23,252	(9,616)	-41%
Communications
Buyers Guide	3,115	7,917	(4,802)	-61%		Sold by third party and timing of sales is sometimes difficult to predict
NCMA Jobs.com	28,150	17,500	10,650	61%		Product continues to grow - July and August represent the two highest monthly sales since
Career Fair						product introduced
CM Magazine	53,982	38,500	15,482	40%		Stronger than anticipated advertising revenues and inclusion of in-house ad charge not budgeted
Website	2,875	3,500	(625)	-18%		Sold by third party and timing of sales is sometimes difficult to predict
Reprints		208	(208)	-100%
Total Communications	88,122	67,625	20,497	30%
Certification
CPCM	4,229	1,140	3,089	271%	(	Reminder to recertify sent out in July - principally CPCM
CFCM/CACM	4,400	987	3,413	346%	(	Approaching end of Government fiscal year prompts increase in applications and recertifications
CCCM	1,050	300	750	250%	(	Catch-up on some back log from July
Miscellaneous/CMBOK	0	0	0
Total Certification	9,679	2,427	7,252	299%
Meetings
Commercial Contracting Conf		0	0
ADC/West Coast Conference		0	0
East Coast Conference		0	0
World Congress	3,000	0	3,000			Payment received from the Environmental Protection Agency in respect of Exhibitor book space
						and 8 registration fees for the April 2000 World Congress in Washington DC
						Payment triggered by internal review of records at the EPA
Total Meetings	3,000	0	3,000	#DIV/0!
Other Revenue
Miscellaneous		0	0
Total Other Revenue	0	0	0
Total Revenue	241,277	205,239	36,038	18%
			0
Expenses
Governance
Board of Advisors		0	0
Board of Directors	2,374	2,833	459	16%		Includes late costs from ADC Conference in July
Council of Fellows		0	0
Executive Council		0	0
Leadership Summit		0	0
National Officer Support		0	0
Regional Administration		0	0
Strategic Planning		0	0
Committees		0	0
Total Governance	2,374	2,833	459	16%
Administration
Salaries and Benefits	37,798	36,040	(1,758)	-5%
Administration	26,918	23,448	(3,470)	-15%		Computer system management and clean up by third party - partially offset by no use of
						temporary staff
Building	11,896	12,155	259	2%
Finance	11,076	14,815	3,739	25%		Lower property and sales tax accruals
Marketing	14,741	14,587	(154)	-1%
Total Administration	102,429	101,045	(1,384)	-1%
Membership and Chapter Relations
Salaries and Benefits	14,927	13,935	(992)	-7%		Catch-up on salary adjustment
Individual Memberships	2,479	4,851	2,372	49%		Reorder of envelopes/stationery not needed until September
Corporation Memberships		0	0
Chapter Relations	7,931	11,175	3,245	29%		Deferral of Award costs, Promotional items, Chapter Guide and Pins
Communities of Interest		0	0
Total Membership and Chapter Relations	25,337	29,961	4,624	15%
Education
Salaries and Benefits	5,137	7,630	2,493	33%		New Chief Knowledge Officer - first full month charge will be September
General & Administrative	2,057	1,292	(765)	-59%		Amortization of Learning Center maintenance - budgeted and CKO travel - not budgeted
NES	823	150	(673)	-449%		Costs in respect of unbudgeted seminars
Audio Seminars	3,405	7,250	3,845	53%		Lower revenues - lower variable costs
Learning Center	3,879	2,917	(963)	-33%		Commission and  Amortization of Learning Center Cost
Certification	1,775	3,792	2,017	53%		Cost of Certification books sold
E-Learning		2,828	2,828	100%		Product not yet relaunched
COI Committees		1,750	1,750	100%		No committee meetings/teleconferences
		0	0
Total Education	17,076	27,609	10,533	38%
Communication
Salaries and Benefits	19,428	25,958	6,530	25%		IT Manager terminated 7/31/04 --  New designer started in August but later than budgeted
Buyers Guide	857	2,177	1,320	61%		Lower sales - lower commission
NCMA jobs.com	4,000	4,000	0	0%		Fixed flat rate fee per month - $4,000
Career Fair	500	1,000	500	50%		Flat monthly contract fee - $500 - Budget also has $500 marketing expense - not yet spent
Contract Management	38,406	36,128	(2,278)	-6%		Higher sales - higher commission
BPA Audit	252	242	(10)	-4%		Monthly charge
Journal	8,488	0	(8,488)			Delayed completion/issuance of Journal results in FY 04 budget item for printing and postage
						costs being charged in FY 05. When budget was finalized in March/April 2004 completion of
						Journal was still expected in FY 04 and therefore nothing was budgeted for this issue in FY 05
						FY 05 budget includes $6,500 in March 2005 for the next Journal issue. Timing to coincide with
						World Congress
Website	18,668	1,046	(17,622)	-1685%	(	IT Manager was terminated on July 31. Third party vendor (Mindshare) contracted to manage the
					(	internet. Costs include clean-up of system, troubleshooting problems, upgrade of Website
Reprints		0	0		(	bandwidth, and content update
Total Communications	90,598	70,551	(20,047)	-28%
Certification
Salaries and Benefits	7,049	7,124	74	1%
General Program Expenses	172	11,964	11,792	99%	(	Significant costs deferred to later in FY 05 - principally  -  Legal, CMBOK update and Job Task
Certification Board	0	0	0		(	analysis. Gap analysis budgeted at $2,500 now to be done in-house by Steve Boshears
CPCM	173	150	(23)
CFCM/CACM	57	2,500	2,443			Deferral of Psychometrician costs to later in FY 05
CCCM	57	0	(57)
Total Certification	7,508	21,738	14,230	65%
Meetings
Salaries and Benefits	6,398	6,379	(19)	0%
General & Administrative	479	0	(479)			Depreciation of audio visual equipment
Commercial Contracting Conference		0	0
ADC/West Coast Conference	625	0	(625)			Late shipping charges
East Coast Conference		0	0
World Congress		0	0
Total Meetings	7,501	6,379	(1,122)	-18%
Total Expenses	252,823	260,115	7,292	3%
			(0)
Net Gain/(Loss) before Investments and Other	(11,546)	(54,876)	43,330	79%
Investments
Investment Revenue	4,498		4,498			Consistent with prior years nothing budgeted for investment activity
Unrealized Gain (loss)	18,938		18,938			because of the unpredictability of the stock market
Investment Fees			0			Unrealized gain in August reflects gains primarily in fixed income but also in domestic equities.
Net Investment Revenue	23,436	0	23,436
Net Gain(loss) before Other	11,890	(54,876)	66,766
Other Income/Expense
Other Income/Expense - Net	0	0
Net Gain (loss) before Income Taxes	11,890	(54,876)	66,766
Income Tax Expense
Net Gain (loss) after Income Taxes	11,890	(54,876)