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Uncertainty clouds association planning for next fiscal year

CEOs are evaluating best-case, worst-case and likely scenarios for 2021, hope to find new revenue sources and avoid touching reserves

PittasPittas

Oct. 23, 2020
By Kathryn Walson

Without a crystal ball, what happens in the next year or two is anyone’s guess. No one can predict with certainty when a COVID-19 vaccine will be distributed, when corporate travel bans will be lifted or when large gatherings will be permitted.

Still, as the Dec. 31 end to the fiscal year approaches for many groups, association leaders are forging ahead with finalizing budgets and cash flow projections for 2021.