Hostname: page-component-7c8c6479df-24hb2 Total loading time: 0 Render date: 2024-03-28T15:51:02.499Z Has data issue: false hasContentIssue false

Treasurer's Report 2008: Another Year of Growth and Innovation in APSA's Financial Operations

Published online by Cambridge University Press:  01 October 2008

Janet M. Box-Steffensmeier
Affiliation:
APSA Treasurer, The Ohio State University
Robin Smith
Affiliation:
APSA Director of Finance and Administration

Extract

I am pleased to report that our Association's financial condition remains healthy, providing a resource base sufficient to continue current operations, while expanding the Association's activities in new directions as needed. Since our last annual report, we have seen our endowment and real estate holdings grow in value to about $32.1 million (June 2007), against which we are carrying just $1.6 million in mortgage debt. For the fiscal year that ended June 30, 2008, we estimate that total operating income ($4.8 million) was slightly above budget, with expenditures below. Our broad membership base continues to be the most important reason for our healthy financial condition, while the annual meeting and APSA publications also provide substantial income. In short, we are in the enviable position of enjoying stable membership, while holding substantial income- and growth-producing assets with minimal long-term liabilities. All of these factors combine to produce an operating budget that hews closely to anticipated income and expenses, year after year.

Type
Association News
Copyright
Copyright © The American Political Science Association 2008

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)