Page 19 - Winter Newsletter 2015

AASP Financial News: Winter 2015

Financial Report from AASP Executive Board

The AASP Executive Board is pleased to report that AASP AASP Assets

continues to be in a strong and healthy inancial position. As As of August 31, 2015

reported in the Business Meeting on October 16, 2015, the

approved budget for 2015 estimated a budget shortfall of $37,686. CHECKING, SAVINGS, MONEY MARKET
AMT.

However, our recent year-end projections show AASP is ahead BMO Harris Money Market
$71,568

by $13,771 and, in sum, ~$50,000 ahead of the 2015 budget (see
BMO Harris Bank Checking
$305,871
Figure 1).

BMO Harris Foundation Checking $41,335
This result is due predominately to lower expenses than originally

projected and to strong membership numbers and conference Forum CU Savings
$5

attendance in Indianapolis this fall (see Figure 2).
FCFCU Savings
$5

As of August 31, 2015, AASP holds more than $480,000 in CDs to
Summit CU Savings
$3,158

provide the Organization with reserve funds. Additionally, there
SUBTOTAL: CHECKING, SAVINGS, MONEY MARKET
$421,942
is $421,000 in checking and savings (See Table 1). There remains

four months of expenses to be paid (namely expenses related AMT CD/TIME/RATE
MATURITY DATE

to the conference). Therefore, by December, we can expect our
$74,798 Forum CU CD 33M 1% 10/11/15
checking and savings accounts to be markedly lower.

$107,182 Forum CU CD 33M 1% 12/11/15
If you have would like to learn more about AASP’s inancial

$58,907 Summit CU CD 24M .3% 6/13/16
activity, please contact Rebecca Concepcion, AASP Secretary-

Treasurer, at reb.concepcion.aasp@gmail.com through the end $58,907 Summit CU CD 24M .3% 6/13/16

of 2015. Todd Gilson will begin his 3-year term as Secretary-
$54,952 Forum CU CD 33M 1% 9/04/16
Treasurer beginning January 2016, and can be reached at

tgilson@niu.edu.
$28,571 SummitCUCD30M1% 2/12/17

On a inal note, as 2015 comes to a close, we hope the AASP $64,792 BMO Harris 60M 1.25% 5/17/17

Foundation will be a cause you ind to be personally meaningful $31,973 FCFCU CD 39M 1%
6/26/17

and one that you will consider including in your annual giving plans.
$480,082 SUBTOTAL: CDs
See our Foundation website (http://www.appliedsportpsych.org/

foundation/) for more information. Our sincere thanks goes out to AMT OTHER ASSETS

all who have contributed in the past!
$200 AMEX Gift Cards (Award points cashed)

Sincerely,
$902,224
TOTAL CHECKING/SAVINGS/CDs

AASP Executive Board
Table 1. AASP Assets

AASP Newsletter // Winter 2015 // AASP Financial News: Winter 2015

1 9 IN THIS ISSUE
V I S I T U S O N L I N E : W W W . A P P L I E D S P O R T P S Y C H . O R G