Calcpa treasurer's report.

• Author: Wheeler-Chandler, Nancy
• Position: Consolidated Financial Statements & Independent Auditor's Report - California Society of Certified Public Accountants - Brief Article

CalCPA outperformed its budget for the fifth consecutive year while increasing its services and value to members. Strong representation continued in Sacramento; promotion of the CPA profession was expanded in the media; participation in chapter activities increased statewide; members enjoyed CalCPA Daily Clips; and we launched the financial literacy initiative with seed money from the contingency fund.

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CalCPA Institute, a 501(c)(3), was formed to fund ongoing projects such as the financial literacy initiative through donations and grants to expand outreach without raising dues.

Investment gains, continued cost-cutting measures and better than expected advertising revenues increased net assets by nearly $2.3 million to $7.2 million. The defined benefit plan, frozen at the beginning of the year and replaced with an enhanced 401(k) plan, was funded to maintain adequate...