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Monday, April 29, 2019

ARPAS 2019 First-Quarter Treasurer’s Report

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 01, 2018

ARPAS 2018 First-Quarter Treasurer’s Report

Dana Tomlinson

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 01, 2016

Treasurer's Report

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 01, 2015

Treasurer's Report

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 01, 2015

Treasurer's Report

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 01, 2015

Treasurer's Report

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 01, 2014

Treasurer’s Report

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 01, 2013

December 2013 Treasurer's Report

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 01, 2013

Treasurer’s Report

Carl Hunt, PhD., PAS, Dipl. ACAN

Treasurer’s Report
ARPAS Governing Council
July 2013
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.

Monday, April 01, 2013

Treasurer's Report

It is my pleasure to present this report on the financial status of ARPAS as of March 31, 2013; three month into our fiscal year. ARPAS continues on a healthy fiscal course. Year-to-date revenues from the Professional Animal Scientist exceed expenses by a comfortable margin. The other primary category of revenue for ARPAS is Membership Services which includes regular member dues and corporate sponsorship. To date revenues to our Membership Services lags behind our expectation as it stands at 88 percent our 2013 budget projection. This reduced membership revenue has become a trend over at least the last three years and the ARPAS Executive Council has attempted to contact those members who have unpaid dues for 2013. We understand that we currently have fewer animal science professionals throughout the various career fields than even just a few years ago, therefore we need your help to expand our membership. Please make certain that your 2013 dues have been paid and recruit a colleague to join our organization – certification exams can be arranged by contacting the ARPAS office.
Reserve funds for investment in both the ARPAS general account and the ARPAS Foundation account at Morgan Stanley are devoted approximately 75% for fixed income and 25% equity investments. Net portfolio values of assets in our Morgan Stanley accounts on March 31st were $312 K. This asset value remains approximately equal to our expenses for a one year period of time. After a sluggish investment climate over the last four years, it is a relief to report that our investments are reporting growth and healthy returns on asset value. I feel that ARPAS is blessed with a financial advisor who understands our investment goals and is able to make the most of our invested reserves. 
In all, we are in a very good financial position and are poised to maintain and expand our missions.

Carl Hunt, Treasurer