TREASURER'S REPORT
                            21 MARCH 2008
 
As discussed in the January 2008 treasurer's report, MGA transferred
$69,660 to the Region concentration account in 2007. Although the
transfer of assessment funds was below budget by $12,000, the 2007
revenue exceeded budget by about $65k. At the same time, the actual
disbursements were under budget by about $14k. As a result, the projected
$31.5k deficit became a surplus of $49.5k. It should be noted that
without these extra MGA funds, the Region would have experienced a
deficit.

Surprises continued in 2008. In January, the Region received $30k to
support a Girl Scout Pre-University project. Since receiving these funds,
it has been learned that the project will be conducted in 2008.
Therefore, an expense item of $30k has been added to the budget (Account
B-4.79). Also, $3,000 has been added to the Communications Committee
expense line (Account B-5.69b) to cover teleconference expenses.
Therefore, $33k has been added to the budgeted disbursements. As a
result, the projected 2008 deficit becomes about $49.2k. It is
interesting to note that the excess of receipts over disbursements in
2007 is almost the same as the projected 2008 deficit. Perhaps the two
years will end with a balanced budget. The 2008 budget is attached for
your information.

  Charles