ASI Board Unanimously Approves FY 2018 Budget
September 1, 2017
The American Sheep Industry Association Board of Directors unanimously approved the fiscal year 2018 budget for the association. Online and mail voting on a budget approved by the ASI Executive Committee at its summer meeting closed in August.
Among the budget highlights is a $200,000 expenditure through ASI’s Let’s Grow Program that will wrap up the association’s $1.5 million commitment to projects designed to grow and improve the American sheep industry. The Let’s Grow Committee has approved 57 grant requests since 2015, and will use fiscal year 2018 to wrap up monetary needs of grant recipients from the fourth and fifth rounds of awards, to continue the popular ASI webinar series and other genetic improvement efforts.
Membership dues collected from each of the association’s 45 state affiliates go directly toward lobbying efforts in Washington, D.C. Fundraising by the association – including the annual convention, advertising in association publications, etc. – makes up the remainder of the Fund II budget.
The Wool Trust provides funds for ASI’s marketing of American Wool. Programs ranging from education on wool handling to marketing American wool overseas and use of wool in products for the American military are included in this budget. State associations benefit from the Wool Trust through the Wool Outreach program, which provides funds for local wool projects.
“With unanimous approval of the budgets and dues rates, ASI is positioned to provide more than $3 million in programs and benefits to the sheep business,” said ASI President Mike Corn of New Mexico.