USRowing Association

YTD March 31, 2008 Summary

March 2008 Quarterly Budget Report

Overall, March 2008 actual year-to-date revenue was $956,585 more than expenses. As compared to budget, revenues were $61,297 more than expenses.

The March 2008 actual year-to-date revenue was $48,780 more than the year-to-date budget. This is largely a result of more revenue received in Membership Dues (Organizations) and less revenue received in Investment Activity (market conditions).

The 2008 actual year-to-date expenses were ($12,517) less than budget. This is largely a result of fewer expenses in National Team ($7,000), Events ($6,000), Member Services/Public Awareness ($8,000), and Merchandise ($2,000). Expenses were higher in Coaching Education (+$5,000) and General & Administration (+$5,000).

Brian Klausner, Controller