State of the Association
In his State of the Association address, outgoing President Charlie Delatorre told the members of the Community Papers of Florida at the annual conference in Stuart that, "The past two years have been a difficult period for the CPF board of directors.

"Each year, the classified revenue that pays the association's bills has declined over 30% from the previous year. To continue to provide the benefits the members are accustomed to, we have dipped into our rainy day fund.

"The board has acted to cut conference costs, office costs, salaries, contest awards, and travel costs, and it eliminated the legal hotline.

"The good news is that during the first quarter of this year, the classified sales have increased over the previous year and are over the projected budget. This is the first increase in four years, and we hope it's a sign of better things to come.

"We are able to move forward because of the financial success we had during past years. We did some rainy-day investing in mutual funds, money market accounts and a disaster fund. The net worth of the association is over one million one hundred thousand dollars.

"The board of directors remains committed to providing members with an association that is one of the leaders in the free paper business. But the reality of the fact is that classified revenue throughout the industry has dropped dramatically. This tells us we have a lot of work to do.

"At the board planning session in October, we will be taking a close look at the association's revenue and expenses. The goal will be to assure the future of the Community Papers of Florida.

"It has been my pleasure to work with the talented members of this association, and with a great board of directors.

"Thank you for your vote of confidence for the past two years. It has been an honor to serve the Community Papers of Florida," he said.


There are currently no comments on this article

Leave A Comment

Leave A Comment

© 2019 Community Papers of Florida Logos & trademarks on the site are property of their respective owners.
Opinions expressed in articles within this site are those of their owners and may not reflect the opinion of CPF.