ARPAS Newsletter

ARPAS Spring 2023 Newsletter

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Published on Thursday, May 25, 2023

ARPAS Treasurer’s Report

John Bernard, PhD, PAS, Dpl. ACAS

The final balance for the 2022 budget was -$42,408.59. The deficit was due to lower membership revenue, page charge fees, and unrealized investment losses of -$27,023.74 (Other Revenue). Page charge revenues were only $25,890.00, reflecting a greater proportion of authors who chose to publish their manuscripts as Open Access. While the Open Access fees generated revenues of $70,000, these funds are paid to Elsevier. Total expenses were $20,523.35 lower than budgeted, which helped offset the shortfall in revenue. A summary of the budget is provided in the table below.

At the end of the first quarter of 2023, we have a positive balance of $92,362.70. Membership dues are received early in the budget year, which accounts for most of the revenues. Total membership revenues are lower than expected, so if you haven’t renewed your membership for 2023, please do so. If you know individuals who are qualified for ARPAS membership, please encourage them to join or nominate them by the highly qualified route for membership. Included in membership services is $20,000 in sponsorship. Please thank these sponsors for their continued support. Total expenses for the first quarter of 2023 are only 12% of budgeted. We appreciate our staff for the work they do in controlling expenses.

Budget Summary

 

Actual Budget

3/31/2023

Approved

2023 Budget

Actual Budget

12/31/2022

Approved

2022 Budget

REVENUE AND SUPPORT

 

 

 

 

  Membership Services

103,365.00

140,400.00

138,717.62

154,150.00

  ARPAS Journal

13,115.00

106,300.00

89,083.32

128,700.00

  ACAS

12,750.00

19,500.00

17,850.00

19,500.00

  Other Revenue

8,935.00

82,500.00

55,607.12

58,500.00

  TOTAL REVENUE

138,165.03

348,700.00

301,258.06

360,850.00

 

 

 

 

 

EXPENSES

 

 

 

 

  Membership Services

624.99

12,700.00

9,800.84

12,700.00

  Member Support

249.99

2,500.00

1,797.58

2,500.00

  ACAS

0.00

3,870.00

994.16

4,590.00

  ARPAS Journal

20,048.31

220,360.00

200,625.45

192,700.00

  Annual Meeting

50.95

9,175.00

6,316.34

8,675.00

  Adm. and Governance

24,828.09

146,610.00

124,131.98

143,025.00

  TOTAL EXPENSES

45,802.33

395,215.00

343,666.65

364,190.00

 

 

 

 

 

NET CHANGE IN ASSETS

 

$92,362.70

 

($46,515.00)

 

($42,408.59)

 

($3,340.00)

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