OPENING PLENARY SCRIPT - American Fraternal Alliance
OPENING PLENARY SCRIPT - American Fraternal Alliance
OPENING PLENARY SCRIPT - American Fraternal Alliance
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During this same period, surplus increased from $1,608,000 to $1,694,000 as of December 31, 2009, a<br />
net increase of $86,000.<br />
The next slide summarizes the activities which is a summary of the revenue and expenses for the years<br />
2009-2008:<br />
Revenue in the year 2009 was $1,979,000, compared to $1,897,000 for 2008, a net increase of<br />
$82,000. The increase in revenue is a direct result of the efforts of NFCA staff to generate additional<br />
sources of revenue. The overall costs of operating the NFCA decreased from $2,150,000 as of<br />
December 31, 2008, to $1,893,000 as of December 31, 2009, a net decrease of $257,000. As a result<br />
of increasing revenues and reducing operating costs, the NFCA revenue exceeded expenses by<br />
$86,000 the year ended December 31, 2009.<br />
The next slide reflects major cost categories of the NFCA.<br />
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