Board Approves Annual Budget
August 26, 2020
The i-SIGMA Board of Directors has approved a $2.2 million operating budget for the association’s 2020/21 fiscal year.
According to i-SIGMA President Pat DeVries, the present economy required the board to anticipate many unknowns.
“After decades of steady growth and solid financial performance,” said DeVries, “we had to trim both revenue and expense expectations. Financial stewardship is an imperative, but we also have to make sure we continue to execute our mission.”
To that end, the approved budget included several programs to expand the associations relevance and value to members.
According to i-SIGMA CEO Bob Johnson most of the association’s resources will be aimed at member education, client awareness, and the advancement of the association’s certification programs.
As for the association’s ability to weather the current economic conditions, Johnson says past financial management has put the organization in a good position.
“Luckily, past boards have made sure to fund the association’s prudent reserves,” says Johnson. “As a result, consumers and members can be confident we’ll continue with initiatives and programs that advance secure RIM and data destruction services for decades to come.”