Vital Times 2021 - 16

meals because elected officials are still conducting
meetings online, and that creates substantial savings.
In-person meeting expenses have decreased, as
most of the meetings have been conducted online,
creating substantial savings. An additional $30,000
that is not part of the budget was approved by the
Board of Directors to be used on a digital ad marketing
campaign about the importance of physician-led
anesthesia care. The video is available for members
viewing on YouTube and other social platforms. This is
a trial campaign, and the leadership and management
team will evaluate the results in the coming months.
Budget 2022
Membership revenue is projected to continue its slight
decline for the next year. As inflation developed over
the first three quarters of 2021, more economists
predicted this pressure will continue beyond 2022;
therefore, we have presented a budget with expense
that is based on the projected consumer price
index increases. That translates into an increase in
our governance meeting expense and educational
meeting expense. Contract professional fees will also
experience the same inflation pressure as our meeting
expenses, and the budget will reflect that. With that in
mind, the 2022 budget was created with the following
assumptions:
1. Membership revenue stays constant.
2. No significant surplus comes from the Hawaii
education meetings.
3.
A modest 5% return on investment.
4. A 10% increase on all CSA governance meetings
and ASA meetings expenses based on the current
inflation projection.
5. A modest increase in the professional service fee.
6. Our reserve should be able to cover the deficit, but
I believe that presenting a negative budget would
encourage management and leadership to implant
more cost-cutting measures and continue to work
on increasing membership revenue and meeting
revenue.
SUMMARY
JAN - DEC '17
2017
REVENUE
Membership Dues
Other Income
Total General Revenue
EPD
Investment
LPAD
TOTAL REVENUE
EXPENSE
General Expense
EPD
LPAD
NET INCOME
TOTAL EXPENSE
$1,389,379
$486,251
$206,637
$2,082,267
$232,282.00
$1,332,132
$469,577
$208,453
$2,010,162
$149,966.00
$1,328,070
$734,005
$229,653
$2,291,728
$65,913.64
$885,395
$335,720
$219,495
$1,440,610
$405,809.00
$571,911
$155,010
$72,525
$799,446
$965,356.10
$846,176
$324,405
$146,442
$1,317,023
$471,401.62
$1,237,792
$505,705
$293,900
$2,037,397
($89,947.00)
$1,516,550
$701,980
$203,500
$2,422,030
($196,155.00)
$1,585,146
$5,525
$1,590,671
$644,105
$79,773
-
$2,314,549
$1,544,523
$31,791
$1,576,314
$627,098
($43,284)
-
$2,160,128
$1,524,343
$21,031
$1,545,374
$621,530
$190,738
-
$2,357,641
$1,476,055
$1,731
$1,477,786
$222,991
$145,642
-
$1,846,419
$1,466,658
$3,171
$1,469,829
$119,857
$175,117
-
$1,764,803
$1,497,508
$13,583
$1,511,091
$261,292
$16,042
-
$1,788,425
$1,468,800
$14,000
$1,482,800
$437,150
$27,500
-
$1,947,450
$1,450,000
$13,500
$1,463,500
$711,875
$50,500
-
$2,225,875
2018
JAN - DEC '18
2019
JAN - DEC '19
2020
JAN - DEC '20
2021 YTD
(7/31/2021)
2021
BUDGET YTD
2021 REVISED
ANNUAL BUDGET
2022
ANNUAL BUDGET
16 | CSA Vital Times

Vital Times 2021

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