Treasurer’s Report

Amy Nitza, PhD

Amy Nitza, Ph.D., Treasurer

Our Division ended 2017 in a solid financial position.  Our 2017 year-end numbers are below, with 2016 year-end numbers included for comparison. Our primary source of revenue continues to be the journal, which performed well, although royalties were slightly lower than in 2016.  Membership dues were down significantly. However, our overall expenses were lower than anticipated, and we ended 2017 with a positive net income.

PERFORMANCE REPORT

Division Performance Report 16-17
2017 2016
Income
   Membership Dues 2242 3621
   Contributions 0 500
   Interest/Dividends 13 35
   Misc. (CE at conv) 0 0
   Royalties 42422 43408
Total Income 44677 47564
Expenses
   Midwinter Meeting 10552.31 10711
   Newsletter 2300 2299
   Awards and Grants 9865.83 4600
   Convention 2720.39 6477
   Committees 584.91 945
   Liasions/External Committees 2747.87 7758
   Social Media 2000 2000
   Marketing 105 150
   APA Administrative Services 2850 2975
   Miscellaneous 30.81 0
Total Expenses 33757.12 37915
Net Income/(Loss) 10919.88 9649
Assets
Cash Balance 65501 52812
Investments/Other Assets 43963 43722
Net Assets 109464 96534

Looking forward, our budget for 2018 as approved by the board at the midwinter meeting in early February is below.  We continue to invest in our membership through the provision of numerous student and professional awards, and through division events and opportunities to connect at the APA Convention.  We also continue to invest in advocacy through sending representatives and liaisons to select APA committees and external groups as well.

2018 BUDGET

2018 Budget Proposed  
 SUMMARY  2018 Budget
 Total income  $102,030
 Total expenses $52,200
 Income less expenses: $49,830
 INCOME DETAILS  2018 Budget
Journal Royalties $41,000
Dues $2,500
Interest $30
Contributions $500
CEU Royalties $-
Carry Forward from 2017 $58,000
Income: $102,030
EXPENSE DETAILS  2018 Budget
100 Midwinter Meeting $12,000
200 Newsletter
  Editor Stipend $2,000
  Publishing $300
300 Awards & Grants
  Moreland Dissertation $1,000
  Student Posters $600
  Student Diversity Posters $600
  Group Psychologist of Year $1,000
  Professional Achievement in Diversity $1,000
  Student Diversity Award $500
  Practice Award $1,000
 Teaching Award $1,000
  Student Travel Awards $4,000
  Research Grant(s) $4,000
400 Convention
  Suite and Executive Meeting $3,000
  Social $2,500
  Promotional $1,000
  Student Conference Coordinator $2,000
  Recording Fellows Talks $2,000
500 Committees
  ECP $150
  Membership $750
 Student Committee $300
 Other Committees $1,500
600 Liasions/External Committees
  COS Dues  $550
  COS Attendance $900
  CAPP/FAC Attendance  $800
Other Liasions  $2,000
700 Social Media
  Consultant  $2,000
  Hootsuite  $-
  Other Social Media  $-
800 Marketing  $700
900 APA Administrative Services  $3,000
1000 Miscellaneous  $50
Expenses:  $52,200

 

If you have any questions about this report or our Division finances, feel free to contact me at any time.

 



Categories: Committee Reports

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