2005-2006 Actuals	2006-2007 Baseline	Adjustment Factor *	2006-2007 Budget
MEET FEES
Coaches Fees	23,123.10	23,123.10	5.0%	24,279.26
Commonwealth Cup				4,500.00
Christmas on the Chesapeake				5,500.00
Nittany Invitational				4,790.00
Multi Level Sectional				1,000.00
Hershey Hugs & Kisses				5,700.00
Frederick Classic				1,200.00
Mountaineer Classic				4,250.00
San Diego Classic				2,500.00
Level 9 & 10 States				880.00
Merry March Meet				1,850.00
Level 5 Sectioanls	990.00	990.00	5.0%	1,039.50
Level 9 Regionals	1,200.00	1,200.00	5.0%	1,260.00
Level 8 States	780.00	780.00	5.0%	819.00
Level 10 Regionals	-	-	5.0%	*
Springfest	2,160.00	2,160.00	5.0%	2,268.00
Level 9 Eastern Nationals	300.00	300.00	5.0%	315.00
Level 6 & 7 States	1,040.00	1,040.00	5.0%	1,092.00
Level 10 Nationals	-	-	5.0%	*
Level 5 States	950.00	950.00	5.0%	1,000.00
Level 8 Regionals	417.00	417.00	5.0%	437.85
College Bound	300.00	300.00	5.0%	315.00
	------------
TOTAL MEET FEES				64,995.61
OTHER EXPENSES
Accounting Fees	625.00	625.00	5.0%	656.25
Vending Machine	1,598.00	1,598.00	0.0%	1,598.00
APEX Registration Fees	2,280.00	2,080.00	5.0%	2,394.00
Bank Service Charge	82.80	82.80	5.0%	86.94
Miscellaneous (Shipping, Office Supplies, Copies)	300.00	300.00	5.0%	315.00
Holiday Party - Gifts	508.80	508.80	5.0%	534.24
Holiday Party - VGBC	920.00	920.00	-57%	400.02
USAG Registration	2,780.00	2,600.00	5.0%	2,919.00
Year End Party Awards	541.50	541.50	5.0%	568.58
Year End Party Venue Rental	78.00	78.00	30.0%	101.40
	------------			------------
TOTAL OTHER EXPENSES	9,714.10			9,573.42
OVERALL TOTAL (OPERATING BUDGET FOR 2006-2007)				$   74,569.03
NOTES:
(1) The year over year adjustment factor is typically 5% (inflation) and/or the increase in % of
gymnasts on the team (this season we actually go down in head count)
(2) In some cases, other adjustment factors are used - either because the cost increase (or decrease) is
known, or because the number of gymnasts may effect the cost, but only indirectly.
(3) VGBC Team gymnasts number is currently 59 for the 2006-2007 season, down from the 63 gymnasts
on the team at the end of the 2005-2006 season & a high of 67 at the start of 2005-2006.
(4) Note that this budget assumes the same number of hosted meets and the same number of
meets with APEX participating.  This is consistent with our understanding of the meet schedule at this
time.  If for some reason an additional "away" meet is added, it would likely need to be funded via
fundraising $ or assessments.
(5) There are expenses other than those shown here that will be incurred throughout the year, but they all
would be for planned fundraisers, which of course will generate revenue to offset those expenses.
Vending, SCRIP, Corporate Sponsorships, and Wreath and Leo Sales are notable items here, with SCRIP
being by far the highest, $-wise.  Expense breakouts forthese items are available, but will be used by
the board for planning purposes and will not need to be included  here or approved by the
membership-at-large.
(6) APEX-hosted meet related expenses, unlike the expenses noted in Item 5 above, are shown here,
but only because these expenses, unlike most fundraising expenses, are typically incurred before or
at the same time as the fundraising event (the meet), rather than afterward.  This means some planning
and coordination is needed to ensure there are enough  funds on hand.
7) Every effort has been made to ensure the budget for next year is as accurate as it can be.  Budget
numbers are based on last year's actuals right out of the categorized, electronic check register, and the
use of the adjustment factors noted in Item (1) above should have us covered.  You can vote with
confidence on the numbers above, knowing that if for some reason an unforeseen expenditure hits,
you will all be asked to vote on it, and if we under-run our expenses next year, you will benefit in the
form of reduced assessments.
8) Budget for Level 10 Regional Meet dependent on number of Level 10 gymnasts, if any.