2025 Budget

The ending balance for the 2025 budget as of November 30 was ($73,827.79). Higher revenue than budgeted was realized for regular membership (+$20,435.00), ACAS dues (+$2,700.00), and unrealized gains (+$16,050.85), resulting in a slight increase in total revenue (+31,658.62) compared to that budgeted. This reflects the results of ongoing work to get lapsed members to renew their membership and positive returns from our investments. Increased expenditures associated with online exams, marketing service fees for the journal and organization, and FASS service fees were incurred compared with that budgeted. The additional expenditures associated with the online exam were primarily related to getting all subject area tests operational online. The higher service fees reflect additional work requested by ARPAS. A summary of the budget through November 30 is presented below. Information for December was not available prior to preparation of this report, and the information will be updated.

The balance in the checking account on January 9, 2026, was $83,174.05. Total investments were valued at $173,739.08 as of November 30, 2025. According to the motion passed at the 2025 annual meeting, $28,445.00 was withdrawn from the cash allocation of the investment in September to pay some of our outstanding balance owed to FASS. We currently owe FASS $179,118.11 as of January 9, 2026, for services provided. FASS and the investment manager at Morgan Stanley are working on the timing to withdraw an additional $99,000 to pay FASS.

2025 Budget Summary

2026 Proposed Budget

A summary of the proposed 2026 budget is outlined below. A slight increase in revenue and support is projected based on increased membership and an increase in manuscripts published for 2026. The budget included guaranteed royalties from Elsevier of $25,000 and editorial fee support of $61,384 for 2026 based on 60 manuscripts published. No revenue is included in the budget for gain/loss on invested assets or unrealized investment gain/loss. Expensed are projected to be approximately $10,000 more than budgeted for 2025. Expenses for online exam and FASS service fees are projected to return to normal in 2026 as no additional expenses should be incurred for onboarding exams. Also, no funds are budgeted for the examining board chair stipend or travel compared with previous years, with the move to online exams. The net change in assets is projected to be ($53,586.00), which primarily reflects the lower membership in ARPAS. With the Academic Professional membership category and efforts to get lapsed members to renew, there is a good opportunity to increase membership revenue and reduce the deficit.

2026 Budget Summary

Dr. Pete Erickson is assuming the treasurer duties as I am stepping down after serving in this capacity for the past 5 years. It has been my pleasure to serve ARPAS over the past several years and work with the ARPAS administrative executive, Executive Committee, Governing Council, and FASS support staff.

Thank you to our sponsors!

Actus Nutrition
Agri-King Inc.
Alltech Inc.
ANDHIL LLC
Arm & Hammer Animal and Food Production
Balchem Corporation
CHR Hansen
Cows Come First LLC
Cumberland Valley Analytical Services
Diamond V
GPS Dairy Consulting LLC
Hoard’s Dairyman
Innovative Liquids LLC
Kemin Animal Nutrition and Health
Land O'Lakes
Merck Animal Health
Novonesis 
Novus International
Phibro Animal Health Corporation
Progressive Dairy Solutions
Provita Supplements Inc.
Standard Dairy Consultants
Westway Feed Products Inc.
Zinpro Corporation