14 FINANCE COMMITTEE REPORT Submitted by Sonia Koehler, Treasurer While we were down in total TMA counts this year overall by 406, we were up in some categories and up overall in revenue by $53,056. One thing to point out in the TMA count is that our 4-Day TMAs alone were down 108. EB Registered in VT was down 228. EB NOT Registered in VT was up 291. RS Registered in VT was down 368. RS NOT Registered in VT was down 97. Overall the biggest impact of loss continues to be folks with sleds registered in VT. On the income side of the General Fund, we had budgeted an income of $975,367. We believe we will end with around $948,261 instead, which is a difference of $27,106. On the other hand, we had budgeted to spend $917,589, but now we expect to expense closer to $904,570, a difference of $13,019. We should end with a surplus in the GF of about $43,690. For the Trails Fund, we budgeted income to be $2,043,703. We believe we will end with around $2,026,718 with a difference of $16,986. For expenses we budgeted $1,897,492 and we expect to end the year at around $1,924,988 a difference of $27,506. Most of that is found in grooming, which went over budget by $23,960. We expect to end the year with a small surplus of around $145,000. These funds the finance committee would like to allocate to reserve funds with the majority going to trail reserves. Regarding the FY19 budget, there are small increases and decreases throughout which are mostly due to actual dollars received or spent in FY18. Two larger jumps in spending in the General Fund are for legal and for lobbying. Legal just seems to have increased because of the amount of help our attorney has been able to provide for staff. Also, this year, he was asked to review and rewrite when necessary some of our contracts like TMA forms, landowner permission forms, and landowner bridge forms. For lobbying, we brought Frank Stanly back on full time year-round since so much is happening when the legislature is out of session that he has privy to and that we need to know about. For the Trails Fund, we have added $104,270 into the grooming expense line in FY19. VERMONT SNOW TRAILS CONSERVANCY REPORT Submitted by Patrick Poulin, Secretary The VSTC has met through out the 2017/2018 season. We are currently working on a few potential easements. Several other properties were donated to towns and we ensured snowmobiling would continue to be an allowed use. I would like to take this opportunity to thank the trustees of the VSTC for their time and efforts over the past year. Jim Hill – President Cindy Locke – Vice President Mark Ellingwood – Treasurer Stan Choinere – Trustee Frank Stanley – Trustee Greg Rouleau - Trustee