VGBC Financial Overview

As with any corporation, the VGBC has expenses (i.e., costs) and revenues (i.e., incomes) as well as an approved budget.   The VGBC goal for fund raising is to raise enough money to cover required expenses and costs associated with the competitive program and APEX hosted meets.  While the VGBC uses the APEX hosted meets and other fund raisers as an opportunity to generate income, past experience has shown the VGBC generally cannot meet the entire yearly budget with profits from the APEX hosted meet(s).   For example, during 2005-2006, the total VGBC expenses exceeded $60,000 with revenues of approximately $34,000 as a direct result of fund raising.  The VGBC members paid several assessments (or direct contributions) during the year to cover the all expenses.

The revenues or income are generated from various fundraising activities conducted throughout the year.  There are several sources of revenues currently established that attempt to cover all expenses of the competitive program.  The Fund Raising Committee, with its various sub committees, is responsible for identifying revenue making opportunities, sponsoring the activity, and ensuring the fund raising efforts meet or exceed the goals set each season.