Issue link: http://read.dmtmag.com/i/221217
Financial Report: Decisions affecting you: The Board of Directors agreed that due to MSAE current financial standing, the current dues structure will continue at the rate of $100 for executive members, $75 for second executive member from same organization and $150 for industry partner member, $125 for second industry partner member from same organization. After reviewing the expense to MSAE, the Finance Committee recommended and the Board of Directors agreed that MSAE will not pass the credit cards fees along to its members in 2014 and will continue to absorb those fees as a part of its Operating Expenses. balance sheet vs previous year Mississippi Society of Association Executives 11:28 AM Balance Sheet Prev Year Comparison 11/21/13 As of November 30, 2013 Cash Basis Nov 30, 13 ASSETS Current Assets Checking/Savings BankPlus CD 1611 BancorpSouth Bank Community Bank CD #1021185744 Total Checking/Savings Total Current Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Accrued Expenses Deferred Revenue Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Net Assets - Restricted - Educa Opening Bal Equity Retained Earnings Net Income Total Equity TOTAL LIABILITIES & EQUITY Winter 2013 | Connections Nov 30, 12 $ Change % Change 5,073.10 111,028.87 5,080.37 5,045.22 95,225.93 5,052.71 27.88 15,802.94 27.66 0.6% 16.6% 0.6% 121,182.34 105,323.86 15,858.48 15.1% 121,182.34 105,323.86 15,858.48 15.1% 121,182.34 105,323.86 15,858.48 15.1% 665.00 0.00 665.00 250.00 0.00 -250.00 0.0% -100.0% 665.00 915.00 -250.00 -27.3% 665.00 915.00 -250.00 -27.3% 665.00 915.00 -250.00 -27.3% 6,695.30 81,439.51 27,371.89 5,010.64 7,893.16 81,439.51 13,699.35 1,376.84 -1,197.86 0.00 13,672.54 3,633.80 -15.2% 0.0% 99.8% 263.9% 120,517.34 104,408.86 16,108.48 15.4% 121,182.34 105,323.86 15,858.48 15.1% 2013 MSAE ANNUAL REPORT 21 21