2016 Miniature Horse WORLD Issues December 2016 Volume 32, Number 6 | Page 10

treasurer’s report
by Heather Ward

W

e have now completed the first ten
months of the 2016 fiscal year and
our loss for that period is $45,828
which is about $51,000 more than budgeted
for the period but definitely an improvement
from the financial repor t in September.
It comes mostly from an extraordinary
increase of $39,352 in the Texas Event
Grant calculation over the budgeted amount
of $20,000 and is a result of our increased
World Show activities. The real good news
however, is that the World Show was very
successful and produced net income of more
than double last year and the largest net
income in the past 10 years. We owe a huge
thanks to our show manager, Laura Mullen

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and to our tireless President, Joe Kahre, as
well as many others who went out of their
way to make it a very fun show with lots of
enthusiasm that we can hopefully capitalize
on in future years.
The key financial impact items for our
organization continue to be registrations,
membership, and our Miniature Horse World
magazine. The Executive Committee and your
Directors continue to examine areas where
improvements can be made. Registration
numbers are down about 5.5% but the net
income amount from registrations is only
down about 1% due primarily to revenue
from the Hardship Program. The Amnesty
Program which allows horses that have had

their registration revoked to be brought from
Temporary to Permanent without the owner
being penalized continues to be available
and a coupon is on the home page of the
website and we hope that members will take
advantage of this opportunity.
Our Miniature Horse World magazine
like many other publications has declined in
net revenues over the past several years and
is currently down 20% from the same period
last year. We are working on a schedule for
printing in 2017 which reduces the number
of publications being printed to four seasonal
issues. Communications between times will
be by emails and eblasts.
Good news also is that the Super Mini
Benefits program is now in place with the
preliminary Program Partners who will
provide discounts of up to 20% to AMHA
members. Information is on the home page
of our website and we encourage members
to contact the email provided for the list of
codes to obtain these member discounts.