2008 BUDGET

The 2008 Budget follows a year of transition for the IGFOA. The Association staff officially became staff of Northern Illinois University’s (NIU) Center for Governmental Studies in 2007, and the Association office moved to the NIU Naperville Campus. The proposed 2008 Budget focuses on strengthening the Association’s finances and recognizing the benefits of the NIU move. In 2008, the IGFOA plans to raise $414,981 in revenue (3% increase from 2007) and have $416,294 in expenditures (3% decrease from 2007). The 2008 Budget anticipates a $1,313 operating deficit. Review the 2008 budget and report at

The IGFOA expects to raise an additional $24,697 in public sector and associate dues in 2008.
• The Membership committee recommended dues increases that will account for a 15% increase in public sector dues to defray Association costs for office space rental, the addition of health and retirement benefits for staff, and incremental increases in expenses since the last dues increase in 2004. This is the second public sector dues increase in the last ten years. Public sector dues continue to follow a sliding scale based on member’s salary.

• Associate member dues increases, as recommended by the Associate Forum, raise the Individual member rate to $475 and the Sponsoring Firm dues increased to $1575, with additional Sponsoring member fee upped to $200, to make those dues comparable to other in-state associations relative to membership size and benefits offered. This change also returns Associate dues to the 1:3 ratio of Individual to Sponsoring dues initially developed with this dues structure.

2008 Budget as adopted by the Executive Board on November 30, 2007

2008 Budget Report

2007 Strategic Priorities