2006 FINANCIAL REPORT

The Chapter's 2006 revenue budget was $125,350, and our actual year end revenue was $141,749.32. This is a difference of $16,399.32 or 13.08%. The main sources of income for the Chapter are from monthly meetings, the annual state conference, membership dues, and SHRM National support.

Conversely, the Chapter's 2006 expense budget was $156,144.55, and our actual year end expenses were $140,167.41. This is a difference of $15,977.14 or 10.23%. The main expenses the Chapter incurs are from monthly meetings, including but not limited to facility and speaker fees, seminars, local scholarships, chapter administration fees, participation in SHRM National conferences, CPA fees, newsletters, other publications, and the maintenance/development of the Delaware SHRM website.

The Chapter's 2006 Membership goal was 300, and our actual year end total was 301. In 2006, revenue generated from membership dues was $12,673.

The Chapter has submitted all required tax returns, and is currently in good standing with the IRS.

Anita Marzulli-Bozzo, PHR
Treasurer
Delaware SHRM