Update by the Executive Director
Tim Merriman, Executive Director
January 2007

Audit, Budget and Cash Flow
The gross profit for 2006 is about $204,000 with recordkeeping about 99% complete. Auditors entries will change that figure some when that is done in May, but we will finish the year very solidly in the black with a substantial surplus and real growth in our net assets of approximately $200,000.

Business Plan
The 2007 Business Plan is our first using a logic model with projected ouput, outcome and impact objectives. We believe the conservative budget and clear model for success will make it a good year next year.

Grants
We are completing our grants projects with USEPA, NPS, ILI, and USFWS for 2006 and will have a followup project related to the CSU study of E.E. curricula in 2007. All funds have been received by end of 2006, except for unbilled amounts of the more recent NPS project.

Definitions Project
All four meetings held in 2006 have led to development of the expected glossary of terms. The Definitions Project group met by conference call on January 17 and a test website will soon be posted to permit a final review. When that review and any corrections are completed, we will go public with this resulting website as a primary product for use by any organization which needs the resulting information.

Journal of Interpretation Research
The second issue of the Journal for 2006 has been edited and is being printed for delivery early in 2007.

Legacy Trust Fund
Scholarship funds in the Bill Randall Fund are invested in Royce, Muhlenkamp and Vanguard Funds. Updated reports for the year-end will be posted by mid-February. The investments yielded almost $7,000 in additional income on the $100,000 investment since July, 2006, due to excellent returns with Vanguard Energy Funds. NAI Investments.

Networking
I will lead the annual ecotour to the Galapagos Islands in Ecuador from January 19 to 29, with 15 NAI members.

Travel Plans
My upcoming travel may be viewed here.