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ACSP Treasurer’s Report: Revenue and Expenditure Overview (April 2014)

The ACSP Treasurer's Report from April 26, 2014, details a 7-year average of roughly $560k in revenues and expenditures. Key insights include revenue trends pointing to increasing JPER income while other areas remain flat. Although overall net income is volatile due to fluctuating revenues, expenditures remain steady. FY13 featured favorable conference earnings and a significant JPER royalty check. The report also discusses asset allocation and a recommended shift towards mutual funds for improved investment strategy.

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ACSP Treasurer’s Report: Revenue and Expenditure Overview (April 2014)

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  1. ACSP Treasurer’s Report 26 April 2014 Atlanta

  2. Distribution of Revenues & Expenditures (7-year average, ~$560k) Revenues Expenditures Pay attention to conference, dues, Guide, JPER

  3. Revenue Trend Conference varies, JPER increasing, Dues flat

  4. Expenditure Trend JPER increasing, activity mix varies

  5. Net Income (Revenues – Expenditures) Volatile revenues - steady expenditures = volatile net FY13 includes good conference & one-time JPER royalty check

  6. Ending FY Total Assets Adequate for reserves, JPER transitions, some strategic initiatives

  7. Finances & Investments • Members are Clint Andrews, Barry Nocks, Susan Bradbury, Donna Dodd (ex-officio) • Extremely conservative asset allocation • Checking account ($21k), Money market accounts ($469k), CDs ($149k) = $639k total • F&I committee recommends changing the investment strategy by allocating 30% of non-working capital to mutual funds ($132k).

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