Budget and Cash Flow
We continue to use the line of credit to cover our seasonal cash flow problems but hope to begin reversing this process by paying off the line in July and August as NIW registrations come in. Each year the spring income is less than outflow of funds and requires this financing. We are paying 8% interest on the line of credit.

Business Plan
Certification is the area of revenue that continues to outperform our expectations. Other areas are lagging behind at this point as they often do in our fiscal year. The NIW income period is from June to November and that helps us realize a lot of our financial objectives including membership. Ad sales are fourth quarter intensive but have gone well for this early in the year.

Building
Mason Street North Partners were supposed to build six parking spaces behind our building as part of their project. They have not done that and we continue to await word on their plans. Their filed development plans with city planning show the area as being grass. We paid for those additional spaces and will pursue our varied options over the next few months if the planned spaces are not built. The new public parking area is wonderful and meeting our parking needs at this time.

Grants
Bohemian Foundation turned down our $30,000 request to work in more depth on planning with Rocky Mountain Raptor Program. We are told by U.S. Fish and Wildlife that we will receive the remaining $61,000 on the EPA/ILI/FWS grant for the Definitions Project. We are finishing work on the CSU/EPA/NPS grant and will bill the remaining amount due very soon.

Definitions Project
The early June meeting of the Definitions Project in Shepherdstown, WV, went well with representatives from 20 organizations and agencies. They made progress in identifying a list of terms to define and products to disseminate what we agree to with those definitions. The next meeting is in late August in Fort Collins.

InterpPress
The History Book is in final editing.

Legacy Trust Fund
Julie continues to make steady progress on gifts to the Legacy Trust Fund and she has recently confirmed bequests with two lifelong members of NAI. For more information on Legacy Trust Fund click here.

Networking
The Definitions Project was a valuable networking opportunity as was the Interpreting World Heritage Conference in Puerto Rico which included 160 people from 30 countries. I will be in the office from June 24 to August 24 with no travel and most other networking activities this year will be in the fall.

Strategic Plan
We will begin working on methods to financially support a strategic planning workshop for NAI in 2007.

Travel Plans
My upcoming travel may be viewed at www.interpnet.com/resources_leaders/staffschedule.shtml.