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Treasurer’s Report. May 2012. Overview. Preliminary year end deficit is $318K for unrestricted activities, on a consolidated basis Preliminary year end surplus is $2.4M for the APA (the c6 entity) on a stand alone basis and a deficit of $2.7M for the APF.

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Overview
Overview

  • Preliminary year end deficit is $318K for unrestricted activities, on a consolidated basis

  • Preliminary year end surplus is $2.4M for the APA (the c6 entity) on a stand alone basis and a deficit of $2.7M for the APF.

  • APA & APF investments at December 31 totaled approximately $69M.



Actuals compared to budget
Actuals compared to Budget

  • Publishing revenues were below budget by $705K due to decreased book sales, including DSM IV – offset by a positive variance in advertising revenues

  • Meeting revenues were below budget $1.1M due to reduced income from registration and exhibits

  • Expenditures were less than budget by $2.3M, due to vacancy savings, printing and postage costs, as well as meeting costs

  • Pension Expense estimated at $1.1M more due to market conditions.








Net revenue from meetings
Net Revenue from Meetings

Toronto

San Diego

Atlanta

San Francisco

DC

New Orleans

Hawaii






Early indicators 2012
Early Indicators - 2012

  • Membership dues revenue running below budget; lowest in several years. However, there’s an increase in members on monthly payment plan.

  • Meeting registration significantly below expectations; expect overall revenue (registration, exhibits and course fees) to be below budget.



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