Wednesday, September 11, 2019
Dana J. Tomlinson, PhD, PAS, Dipl. ACAN
Through the first six months of 2019 our National ARPAS organization remains in a solid but declining financial position. Year over year, through June, our current net asset financial position is nearly identical to June of 2018. Unfortunately, our total asset situation continues its gradual erosion as journal and administrative expenses outweigh membership and corporate giving income. Fortunately, due to moderate growth of our investment portfolio and some midyear corporate sponsorships, we are slowing the decline.
Monday, April 29, 2019
Dana Tomlinson, PhD, PAS, Dipl. ACAN
ARPAS continues to remain in a solid financial position with a significant balance in our investment portfolio. Our total revenue declined somewhat in 2018 due to slightly lower membership revenue, reduced corporate sponsorships, less ARPAS journal income, and lower investment income. We also saw a significant unrealized loss in our investment portfolio (which has recovered nicely as a result of gains in the first quarter of 2019). We were fortunate to incur lower administration and governance expenses, but these savings were more than offset by an increase in ARPAS journal expenses.
Sunday, April 1, 2018
National ARPAS has started 2018 well with revenue generation in line with expectations. Through the first two months of the year, we are sitting with 49% of our revenue and support budgeted position. Fortunately, the bulk of our membership dues are collected early in the year; however, membership activity could be stronger. We always have room for new members and encourage everyone to share the value of ARPAS with their colleagues and any students with whom they interact.
Monday, August 1, 2016
Dr. Dale A. Hill, PAS, ACANS
I am happy to report that ARPAS is in sound financial condition, based on the most recent FASS financial reports dated April 30, 2016.
Tuesday, December 1, 2015
Dale A. Hill, PhD, PAS, Dipl. ACAN
We are tracking close to the ARPAS 2015 budget projections and are working on the 2016 ARPAS budget. We did make a few changes to the investments based on the recommendations of our Morgan Stanley Financial Planner that we work with and are targeting improved returns on our invested dollars. Most investments provided reasonable returns. A few underperformers were sold, and the money was reinvested in better performance stocks. Needless to say, 2015 was a rather challenging year for investment returns.
The most significant change for the 2016 budget will be the transition of The Professional Animal Scientist (PAS) journal to Elsevier for publishing. The governing council is working with the PAS editorial staff to make sure that the projected budget reflects realistic expectations. There will be some changes to page charges to better reflect publishing costs, while also keeping the page charge competitive to similar journals.
Many thanks to the FASS staff for all of their professional support and to Kenneth Cummings for his excellent leadership. ARPAS is in good financial condition as we head into 2016.
Saturday, August 1, 2015
Carl Hunt, PhD, PAS, Dipl. ACAN
As we approach the mid-point of our fiscal year, it appears that ARPAS remains on a solid financial foundation and directly on our chartered course. This report reflects financial information that was available on May 31, 2015.
Wednesday, April 1, 2015
Carl Hunt, Treasurer
We certainly like you for more than just your money, but don’t underestimate the importance of your membership dues to the operation of ARPAS. As you know ARPAS begins its campaign for members to renew their annual dues in the last quarter of each calendar year. Therefore, revenues received from membership dues soon after the beginning of each new year will closely reflect what the year’s total will be. For 2015 we have budgeted total revenues to be $262,000, of which $132,000 are to come from membership dues, just over 50% of what we need to operate the organization for the year! The good news is that as of February 28, 2015, we have received $123,500 in membership dues, but the bad news of course is that we desperately need that remaining $8,500 to meet our annual budget needs. Please, if you have not renewed your 2015 membership, do so today. You are important to us!
Friday, August 1, 2014
Carl Hunt, PhD., PAS, Dipl. ACAN, Treasurer
It is my pleasure to provide this mid-year report of the financial status of ARPAS. This report reflects financial information which was available on May 31, 2014.
Sunday, December 1, 2013
Carl Hunt, Treasurer
The year 2013 is coming to a close so it is time to begin to examine our financial performance for the year. This report reflects our financial status as of October 31st so the information will not quite represent the entire calendar year. The last two months of the year typically stay at a fairly even keel so our information to date is a good reflect of what our financial status will be at year-end.
Thursday, August 1, 2013
Carl Hunt, PhD., PAS, Dipl. ACAN
ARPAS Governing Council
Carl Hunt, PhD., PAS, Dipl. ACAN
This report reflects financial information which was available on May 31, 2013. Midyear is a reasonable time to take a snapshot of the revenues and expenses for the Professional Animal Scientist journal. As of May 31st, PAS revenues were $43,463 and expenses were $34,878. The PAS has a very good track record of meeting its own expenses with revenue, which is an important aspect of the financial stability of our organization as the journal represents about 36 percent of our annual budget.