CalCPA treasurer's report.

AuthorSweaney, Johanna

In spite of continued economic uncertainties, CalCPA has completed yet. another successful year. One area this success is reflected in is our financial statements our net assets increased by $3.3 million. This is a combination of operational revenues being higher than projected, and expenses being lower than expected, as well as an increase in net investment gains.

Membership and staff worked hard to achieve these results. Greater than expected member dues renewals and new applications (we surpassed 38,000 members!), as well as an increase in chapter events, contributed to the bottom line. Additionally stall' continued their efforts lo control costs; clearly these efforts paid off.

We are also fortunate lo have our investments perform well, under the capable guidance of the Investment Committee and our professional investment advisers, Halbert Hargrove. Having sat in on...

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