INCOME
Memberships (110 members @ $40)			$4,400
Workshop Fees - Minimum Students (See Attd)	$4,298
Workshop Costs (See Attached)	(3,750)		548
Beginning Quilting Class (Net - See Attached)			30
TOTAL INCOME			$4,978
EXPENSES
Lecture Fees and Lecturer Travel (See Attd)	$3,210
Rent - Meetings (No Aug Meeting)	2,058
Newsletter Mailing and Printing	960
Hospitality	150
Library	300
NCQC Dues	25
AIR Quilt Materials	300
AIR Prizes	225
Website	75
Comfort Quilts	100
Challenge Show - Publicity	100
Printed Brochures	75
Other Miscellaneous Expenses	150
TOTAL EXPENSES			7,728
			$(2,750)
Other Income and Expenses:
Retreat Income	$11,210
Retreat Costs	(11,210)		-
NET INCOME (LOSS) at minumum wkshop size			$(2,750)
Potential Additional Revenues/Cost Cutting:
If 1/2 of members elect email newsletter - save			480
If 2 attendees more per wkshop than min - net $ added			600
NET LOSS BEFORE FUNDRAISING			$(1,670)
PPQG will need to raise $1600 additional through
booth sales, quilto, ATC's, angel donations or
other cost cutting to balance our budget for
2007 at the projected level of workshop fees and dues.