CBA ends fiscal year in black, plans revamps |
Written by Staff | |
Thursday, 20 January 2011 10:42 AM America/New_York | |
Cost-cutting moves offset drop in revenues as group looks to make ICRS ‘shifts,’ service changes
Despite a drop in income, CBA finished its 2010 fiscal year in the black, announcing a revamp of its summer show and online services. In a one-page report to members “to support transparency and accountability to members and the industry,” association Chairman George Thomsen revealed that CBA ended the 12-month period “strongly,” generating an operating net income of $350,000. This was despite total revenues decreasing 7%, a drop offset by reducing operating expenses by 28%. Cash increased 113% over the previous year. |
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