The 2024-25 Society Budget was approved at the February 6 Executive Board meeting. We are increasing our budget in a way that prioritizes programs and services. You can note increases in Local budgets for more face-to-face meetings and more release time for local representatives to encourage member engagement in the work of the Society. We have also increased our budget for Consultants, Mediation/Arbitration, and Legal services.
As part of our annual risk analysis, we have looked at risks to our revenues, and challenges from ongoing inflation and a potential recession and projected that our reserves remain healthy for the next 10 years.