Log in

Cost Cuts, Dues Hike in VSDA Budget

24 Oct, 2002 By: Kurt Indvik

A combination of cost cuts, increased dues and revenue from a new series of regional consumer shows are designed to help the Video Software Dealers Association (VSDA) break even on a budget of $4 million in 2003.

The VSDA Board of Directors recently approved the 2003 budget along with the dues increase set to take effect Jan. 1.

The 2003 budget is greater than the 2002 budget of $3.7 million, which the VSDA now forecasts it will exceed by more than $500,000.

However, association expenses next year are slated to decrease in almost every category, said Sean Bersell, VP of public affairs for the VSDA. “Payroll and G&A are slated for double-digit percentage decreases,” Bersell said. “The reason you see overall expenses going up is because of the investment in the launch of the consumer shows, which should be offset by income from the shows.”

Bersell said the VSDA will increase association dues in all categories, but said he could not divulge specific increases. Specialty retailers pay annual base dues of $225 plus $50 per additional store, not counting the first store. Before that, base dues were $190.

Bersell added that the value and costs of providing services to members in recent years has “far exceeded” income. “This dues structure will ensure that VSDA can continue to provide these tools and protect the industry, while delivering tremendous value for the buck.”

Add Comment