By Rebecca MacNair-Semands
The 2012 proposed budget was submitted and approved by the board in February. Our projected 2012 income is $43,442 with projected expenses of $35,471 including our $12,000 contribution to the Foundation, Midwinter and convention meeting expenses, newsletter, journal costs, and administrative services. Each year, the board attempts to budget for 80 percent of the project income in expenses. Thus, the only new expense for 2012 is the funding of a breakfast during the convention for early career psychologists. Additionally, investment assets totaled $43,562 by the end of March 2012.