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Monday, April 9, 2012

Treasurer’s Report

$$$ Treasurer’s Report by Nancy T. Garmroth, SASFAA Treasurer $$$

Thank you for the opportunity to serve the Association as your Treasurer, and I am very appreciative to Jeff Dennis for his patience and training. What a challenge! It is almost April, and I finally feel like I am getting a handle on things – it only took me 9 months!! In addition to receipting payments for our conference, New Aid Officer’s workshop and membership, I also stay busy making payments and doing general accounting functions like bank account reconciliation.  But did you know the Treasurer also handles our insurance policies, credit card statements, BMI and ASCAP music licenses/reports, filing for refunds in tax exempt States, reporting and paying for our Georgia Incorporation license and preparing documentation for our tax returns?

SASFAA is having a great fiscal year. We have exceeded our budget in our income categories of membership, the annual conference and sponsorships. We also received $11,407 in tax refunds dating back to 2007. In addition, we have set aside $10,000 for our 50th anniversary celebration in Atlanta in 2013. The entire Executive Board is to be commended for working diligently to make the best use of our resources.

I look forward to working with Vice President Runan Pendergrast and her New Aid Officer’s staff in June as we conduct the New Aid Officer’s training at North Carolina Central University. Then we transition, and I also look forward to working with Jeff Dennis and the rest of the 2012-2013 Executive Board. Happy Spring and almost Summer!!

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