MISSOURI OPTOMETRIC ASSOCIATION

Treasurer’s ReportMaintaining OurStability and Strengthby Gregory J. Goetzinger, O.D., TreasurerThe Missouri OptometricAssociation Board of Directors,the Finance Committee, newExecutive Director and staff haveworked very hard to maintain thefinancial stability and strength ofour organization.The fiscal challenges of the MOAhave been significant this year.The most substantial challengehas been the vacancy of ourbuilding and loss of rent income.The loss of income has made itdifficult to meet our projectedbudget.We have workedvery hard tomaintainfinancial stabilityand strength ofour organization.Despite the income shortfall dueto the building vacancy we havecontinued to conservatively guidethe organization through theselean times and have continued tofund our reserve accounts.Although renting the building isone of our top financial prioritieswe must assume no income fromrenting the building in 2007 sothat we may budget our expensesaccordingly and realistically.I encourage everyone to inspectthe 2007 Proposed MOA Budgetas it reflects the anticipation of amuch leaner year.During the past year we have hiredtwo different realty companies inhopes of finding tenants. Itappears, however, that in order tofind a tenant we may need to planfor some significant physicalimprovements to the building overthe next few years to make surethat our investment continues toretain its value.