Page 29 - AASP Summer 2014 Newsletter

AASP’s 2014 Summer Financial Update

Financial Report from AASP Executive Board

AASP continues to report a strong inancial picture as we move CD/Time/Rate
Maturity

through 2014. Some of the more recent efforts for the year that Date

impact the Association’s inances include: (a) a job task analysis
Summit CU CD 12M .6%
6/9/14
58,671
to inform the development of meaningful certiication for sport,

performance, and exercise psychology professionals; (b) the Summit CU CD 12M .6%
6/9/14
58,671

strategic alliance position designed to connect AASP to other
Summit CU CD 24M .65%
8/10/14
28,220

relevant organizations; and (c) contracting with a strategic
Forum CU CD 33M 1%
10/11/15
73,801
planning facilitator who will help the Executive Board set goals

for the next 3-5 years. These initiatives are just three of the Forum CU CD 33M 1%
12/11/15
105,765

ways AASP has been active in supporting the mission of our
Forum CU CD 33M 1%
9/04/16
54,226
international and multidisciplinary organization of professionals.
BMO Harris 60M 1.25%
5/17/17
63,356

FCFCU CD 39 M 1%
Pending
31,576

Income and Expense Report
Subtotal: CDs
$474,295

As of April 30, 2014, our funds are distributed as illustrated in the

following table. All accounts are 100% insured by the FDIC. As AMEX Gift Cards (Award points cashed)
$950

mentioned in the previous newsletter, the Board’s commitment
Total Current Assets
$845,222
to iduciary responsibility warranted that the organization build

its reserve to maintain the ability to sustain the organization for

one year. Thus, AASP has purchased an additional CD (at 1%) for

Thanks to the Finance Committee, Dean Culpepper, Larry
$31,567, bringing our reserve funds within a few percent of a full
Lominson, and Michael Sachs for their continued guidance.
year’s operating expense.
If you have any questions, concerns, or suggestions related to

AASP’s inancial activity, please contact Rebecca Concepcion,

AASP Secretary-Treasurer, at reb.concepcion.aasp@gmail.
Checking, savings, money market
com.

BMO Harris Bank Checking
289,284

BMO Harris Foundation Checking
6,064

Forum CU Savings
5

Summit CU Savings
3,152

BMO Harris Money Market
71,472

Subtotal:
$368,977

Checking, savings, money market

AASP Newsletter // Summer 2014 // AASP’s 2014 Summer Financial Update

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