[TDNA Administrative Report, December 2007] Page: 1 of 2
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ADMINISTRATIVE REPORT
TDNA Board of Directors Meeting
December 6, 2007
The good news for 2007 is that TDNA continues to be in a good financial
position while maintaining a high level of member services.
The budget surplus for 2007 will be approximately $73,000. Add that to
the $81,436 in our account at the end of 2006 and our overall surplus will
surpass $150,000 at the end of 2007. At this rate, we will be about halfway to the
board's stated goal of building one year's operating budget by the end of 2008.
We've been able to build these surpluses while maintaining member
services by cutting expenses where possible and doing more with less. Our
standing programs such as the intern program, the college speaker's program
and other member services have all operated as expected.
The revenue side has stayed steady, with decreases in associate member
dues and convention income being offset by a big increase in investment income.
We do our best to monitor our cash flow closely and make sure that any surplus
funds be deposited in our money market fund by Frost Financial Services as
quickly as possible.
One new project we are working on is the public notice website. Staff has
visited with all the metro daily publishers about this project either in person or by
phone because their participation will be key to its success. The response has
been quite positive and we will continue selling this project as the launch of the
site gets closer.
As you recall, the Board voted at its July meeting to move forward with
creating a public notice website in conjunction with the Texas Press Association.
Our goal is to eliminate the perceived need for a state-sponsored public notice
website and keep this revenue stream for newspapers. A North Carolina
company, Global Notice, attempted to create a public notice website in Texas
and 11 other states this year but was not able to get legislation passed in any
state.
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Texas Daily Newspaper Association. [TDNA Administrative Report, December 2007], report, November 29, 2007; (https://texashistory.unt.edu/ark:/67531/metadc1453356/m1/1/: accessed June 12, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.