Mid-year financial summary

The Mid-Year Financial Summary for the board was provided by Dr. Lynn Rapin as our outgoing treasurer. The Finance Committee now consists of the new treasurer, Dr.Rebecca MacNair-Semands, Dr.Maria Riva (President-Elect), Dr. Jean Keim (Past President), and Dr. Nina Brown (Ex-officio).

With our 2011 income of just over $40,000 and expenses of over $65, 000, we ended the year with a net income loss. However, we were able to provide the Foundation fund gift of $40,000 and we have additional investments/assets of just over $50,000. Convention costs for 2011 were slightly higher due the 20th year anniversary celebration and member dues were slightly down, consistent with recent years. Discussion around whether to lower our dues to increase membership met with some support and will be voted on during the convention meeting.

The final 2011 report will be posted on the website.