2016 Fiscal Summary
— By David Chu and Holly Turner
As a non-profit organization serving its members, the Board strives to keep cost recovery and expenses within the targeted +/- 10% of each other. 2016 ended on a positive note from a fiscal perspective as our cost recovery exceeded expenses by 8%.
Despite these positive numbers, you will notice that memberships fees have increased across all categories since expenses for NCB-AALAS programs are expected to increase in 2017. This will allow the Board to maintain quality of its programs for members without incurring a heavy deficit and we hope our educational programs will continue to serve its members well.