Report of the Executive Secretary and Treasurer

• Date: 01 August 2015
• DOI: http://doi.org/10.1111/jofi.12291
• Published date: 01 August 2015

THE JOURNAL OF FINANCE •VOL. LXX, NO. 4 •AUGUST 2015

AMERICAN FINANCE ASSOCIATION

Report of the Executive Secretary and Treasurer

for the Fiscal Year Ending September 30, 2014

Financial: The Association is in a strong financial position with the total

assets over $14.7 million as of September 30, 2014. Net Operating Income

reported in 2013–2014 decreased by 46% over the previous fiscal year, but

overall Net Income ($1,086,006) increased by 40% due in large part to the

increase in unrealized capital gains of over $750,000. The Association’s net

worth increased by 8.2% over the fiscal year.

Membership: Membership totals over the past eight years are represented in

the following exhibit:

There has been an overall decline in both individual membership and insti-

tutions although institution subscriptions to the JF were up slightly in 2014

(2,077) from 2013 (2,049). The Association is considering ways to increase in-

dividual membership.

Annual Meeting: The Annual Meeting for 2016 will be held in San Francisco,

CA on January 3–5, 2016 (Sunday, Monday & Tuesday). For the following two

years the ASSA Meetings are scheduled as follows:

2017 January 6–8 Chicago (Friday, Saturday & Sunday)

2018 January 5–7 Atlanta (Friday, Saturday, Sunday)

DOI: 10.1111/jofi.12291

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