Dear AMCA International Member,
Accompanying this message is AMCA’s consolidated income statement for the Board approved balanced budget for 2021-2022.
AMCA’s 2021-2022 budget reflects the Board of Directors’ continued commitment to reinvesting in AMCA’s strategic plan to advocate, certify, and educate as well as in AMCA’s staff and infrastructure. The Board approved balanced budget is $834K less than the Fiscal 2020-2021 forecast, but in line with the Fiscal 2020-2021 original budget.
The budget for AMCA’s next fiscal year shows a continued trend of overall growth in revenue compared with the prior year’s forecast and budget. Dues and assessments revenue, which reflects over 52% of AMCA’s gross revenue, indicates continued slight growth in membership, primarily in Asia and North America, coupled with a $2,000 increase in the maximum assessment for AMCA members outside of North America. The increase is the latest in a series of steps to normalize assessments among the regions.
AMCA’s 2021-2022 laboratory-services revenue, including that of Asia AMCA, is expected to be $75K greater than the 2020-2021 forecast, but $81K less than the 2020-2021 budget. The increase over forecasted revenue reflects primarily: (1) a 3% price increase for laboratory testing and check tests, (2) an 8% price increase for testing at the Asia AMCA lab, (3) a new price for motor-calibration testing of $1,000 per test, (3) increased AMCA Standard 250 jet-fan testing, (4) increased AMCA Standard 230 circulating-fan testing (LDCF), (5) begin Reynolds number threshold testing, and (6) new Energy Star testing.
The 2021-2022 budget also includes a 3% increase in laboratory-accreditation fees and an increase in catalog checking pricing.
The budget contemplates a special charge for both the Europe and Middle East regions. These special assessments are contingent on the regions’ steering committees agreeing to engage a consultant to assist in advocacy matters. The special assessment will only be charged if approved by the region steering committees.
The 2021-2022 staffing requirement will increase by two positions compared with the forecast. Also, like most companies, AMCA is anticipating an increase in employee health-insurance costs.
AMCA’s 2021-2022 meeting expenses are projected to be $572K greater than the 2020-2021 forecast and $128K greater than the 2020-2021 original budget. The budget assumes a return to face-to-face meetings for education, board, steering, and regional member meetings. In 2021-2022, a Board meeting will occur in an AMCA region, with the meeting taking place in tandem with that region’s steering-committee meeting.
Reserves next year are projected to be 7.3 months of monthly operating expense, or 1.3 months less than the 2020-2021 forecast. The reserves are within the reserve target range set by the AMCA Board.
Best Regards,
Mark Stevens
Executive Director, AMCA International
