2016 Miniature Horse WORLD Issues October/November 2016 Vol 32 No 5 | Page 16
treasurer’s report
by Heather Ward
W
e have completed the first eight
months of the fiscal year and
our loss for that period is about
$91,000 which is about $27,000 more than
budgeted for the period. While the eight
month loss is $9,000 less than the loss for the
same period in 2015 the losses continue to be
a problem needing to be regularly addressed
by your Board of Directors. As previously
stated, the key financial impact items
continue to be registrations, membership
and our Miniature Horse World magazine.
Our registrations are showing a modest
increase from last year and hopefully there
will be more positive results in the last
four month of the year from the Hardship
Program, the Amnesty Program and NonMember Fees.
The Hardship Program for AMHR permanent registered five year old horses is providing some income for us but not at the rate
that was anticipated in the budget. There
have been some preliminary discussions as to
possibly proposing an expansion to the program and presenting it to the members for
voting at the Annual Meeting in February.
The current Amnesty Program allows horses
that have had their registration revoked to
be brought from Temporary to Permanent
without the owner being penalized and a
coupon is on the website for members to
take advantage of and bring their horses current. As well, there are Non-Member fees
available in order that sold horses can continue to be brought permanent, new ownership
and from stallion to gelding. We are hoping
this will keep more horses current and avoid
them being revoked as well as provide some
amount of revenue to AMHA, so please pass
on that information to your purchasers.
Our Miniature Horse World magazine is a
beautiful, informative magazine but like
many other publications has declined in net
revenues over the past several years and is
currently down about $22,000 from budget.
There are several proposals being considered
by the Board of Directors, basically to reduce
the number of printed publication from six
to four per year and using digital versions
to cover the other two issues. We certainly
would hope that members support this initiative to reduce our expenditures.
The good news, and there actually is good
news in the near future of our organization,
the Regional Championship shows were very
successful and our incredible, Laura Mullen
did an amazing job, not just improving on last
year but showing the highest net profit for
these shows in the past ten years. Hopefully,
this bodes well for our World Show where
there are all kinds of activities planned and
meet and greets with our amazing President
Joe Kahre and many Board members as well.
We are also very close to launching the Super
Mini Benefits Program which will be a great
benefit attached to membership in AMHA.
It has taken a huge amount of effort to get
this accomplished and we owe a huge “thank
you” to Randy Perdue for all he has done to
make it a reality.
Exciting news should be coming soon!
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