Rebecca MacNair-Semands, PhD, CGP
Division 49 ended 2013 with over $51,000 in income, including royalties from the journal at $47,812 (above the projected amount of $36,600). Dues were down significantly this year after making an intentional decision to reduce fees to be more in line with other divisions, with dues totaling $3,859 income this year (down from $6,311 but slightly above our projected amount of $3703).
We were able to reduce our newsletter costs by over 50% from 2012 by using the website for more detailed reports and shifting to an electronic version after the first edition of the year (spending over $6,200 in 2012 and only $3,020 in 2013). After contributing to the Foundation and coming in under projected budget at both conferences, our final expenses totaled just over $33,000 (compared to over $37,000 in the previous year). We remain strong in our net assets with investments totaling $43,605.
In 2014, we are expecting to bring in approximately $3,775 in dues. However, the 2014 year should provide further savings as we explore low-cost newsletter options that many divisions are using. We added a newsletter stipend of $2,000 as funds allow which began in November of 2013. We will be able to split the journal editor monies between the current Editor and Washington State (Pullman) beginning in 2014 to provide more flexibility in the release of funds. The finance committee is exploring shifting a portion of our short-term investments to funds that bring in more interest, as our balance has been stable for several years. Journal royalties are projected at $40,000 for 2014. Please see the entire projected budget for 2014 for details, which will also be placed on the website.
Categories: Committee Reports