The Recreation Vehicle Dealers Association (RVDA) board recently approved a 6% budget increase for its fiscal year 2002, which will begin on July 1.
The board, which met in Alexandra, Va., on June 9, approved a $2.07 million budget for fiscal year 2002, which compares with the RVDA’s budget of $1.96 million for its fiscal year 2001.
The RVDA budget, combined with the RVDA Education Foundation and the RV Assistance Corp. budgets, will total $2.4 million for fiscal year 2002, compared with $2.3 million for fiscal year 2001.
The RVDA gets about 20% of its revenue from members’ dues, 35% from its annual convention, 20% from royalties and 13% from its publications. The remainder comes from renting portions of its building to tenants, fees for seminars and investment income, said Phil Ingrassia, spokesman.
During the meeting earlier this month, the RVDA board reviewed U.S. Census Bureau data which shows that 39% of RV dealers reported annual sales volume below $1 million. The census figures also showed 38% of RV dealers have four or fewer employees.
The RVDA board was interested in the census figures because the association is investigating ways to provide targeted services to dealerships of different sizes, especially through the education foundation’s publications and education programs, Ingrassia said.