Physician Scientist - American Association of Physicians of Indian ...

AAPI Journal • June 2009
Treasurer’s Report
by Narendra Kumar, M.D.
It is my privilege to report that the
state of our AAPI finances continues
to be reasonably strong, and we are
making every effort to maintain and
improve the current financial status.
As your AAPI Treasurer, I have tried
to fulfill my promise to keep AAPI
finances in proper order by
maintaining fiscal stability, accountability
and transparency. This
required cautious spending and
enhanced revenues especially
during this current economic
climate. I have closely monitored
financial activities at the AAPI
National Executive Office, and I
have kept our President appraised
on the financial status at regular
intervals, and the Executive
Committee at our monthly
Narendra Kumar, M.D.
Treasurer, AAPI
teleconferences. A
detailed report will
be presented at the Governing Body
and General Body meetings in
Orlando. Let me also take this
opportunity to thank you all for your
confidence in choosing me as your
next AAPI Secretary.
Major Income/Expenses As of May 17, 2009
Major Income
Balance From Previous Year (6/30/08)................$122,459.87
Patron Fund Allocation (from BOT)....................$122,795.25
Las Vegas Convention Balance ..........................$170,019.30
Total Membership Dues ......................................$82,450.00
AAPI Emergency Relief Fund ....................................$652.00
Interest from Money Marker Fund ............................$665.80
CME ......................................................................$7,974.14
Observership Fee......................................................$600.00
Journal Ads..........................................................$54,675.00
Website Ads ..........................................................$2,100.00
Nomination Filing Fee ........................................$10,000.00
Royalties................................................................$8,223.96
Resource Directory Sponsorship............................$7,500.00
2005 Convention - Closing balance ......................$3,049.97
Philadelphia 07 Convention ................................$24,984.67
Refund from 2008 LV Conv. (Advance refunded) $52,049.80
June 2008 Year-in Review Ads Income ................$10,333.00
Money Market Account Balance..........................$11,768.16
Refund from the settlement of Office Condo ......$12,005.58
Uncleared Checks from July 1 to Nov 14, 08 ......$42,371.51
Accounts Payable ..................................................$5,111.61
Total Income ....................................................$751,789.62
Citi Bank Operating Acctount Balance 5/17................$140,256.89
Indo-US Healthcare Summit Account Balance 4/09......$36,506.89
Women s Healthcare Summit Account Balance 4/09 ......$2,768.72
AAPI Orlando Convention Account 5/17 ....................$349,267.16
AAPI-Charitable Foundation Account as of 4/09 ......$1,073,544.94
AAPI-CF Elite Account (Current) 4/09 ..........................$67,767.94
BOT Account (Smith Barney) as of 4/09 ..................$2,154,220.46
Major Expenses
AAPI MSRF Support ........................$15,000.00
AAPI YPS Support..............................$2,500.00
Accountant Fee ................................$4,800.00
Computer Related ..........................$25,859.14
Constant Contact (Email) ..................$1,150.69
Copy Machine lease..........................$3,930.54
Pitney Bowes Machine Lease ............$1,188.00
Media Consultant............................$31,700.00
Condo Association Fee......................$6,656.70
Office Expenses ................................$5,413.05
Insurance ..........................................$6,455.00
Postage..............................................$2,484.65
AAPI Journal–June 08 Issue ............$29,249.00
AAPI Journal (3 issues) ....................$68,873.93
2008 Resource Directory ..................$7,600.00
Printing – Other ................................$4,216.65
Governing Body Expenses ................$1,840.35
Employee Wages & Misc...............$172,325.52
Telephone/Storage/Bank Fees etc.......$8,846.83
Travel ................................................$8,854.15
Promotions, AMA..............................$4,429.74
2009 Orlando Convention Advance$44,742.30
2010 Convention Advance ................$5,000.00
2007 Real Estate Taxes ......................$3,535.90
2008 Real Estate Taxes ......................$1,727.04
Election Expenses............................$18,797.61
Legislative Day Expenses ................$13,499.54
Advertisements................................$10,900.00
Patron Membership Refund ............$62,500.00
Canon Copier Purchase ....................$7,187.89
Other office Equipment ....................$2,873.73
Women’s Forum ................................$2,101.00
Total Expenses ..............................$586,238.95
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