CalCPA treasurer's report.

• Author: Fordon, L.
• Position: Annual report - California Society of Certified Public Accountants - Brief article

Wow; what a. year we have had! As you know, CalCPA just completed its year with a solid performance that shows our net membership is at 35,106, operating revenues exceeded operating expenses by $2 million and its investment reported net gains of $2.4 million. All of these total a collective increase in net assets over net liabilities by $4.4 million.

[ILLUSTRATION OMITTED]

Membership and stall worked together to achieve these results, and both continue to steer CalCPA down the path of financial stability. Why the excellent operating results? We implemented measures like salary freezes and travel limitations, and we will have to work even harder to continue to achieve these great savings.

CalCPA investments are managed through its Investment Committee and advised professionally by Halbert Hargrove...