Report of the Executive Secretary and Treasurer

• Date: 01 August 2018
• DOI: http://doi.org/10.1111/jofi.12709
• Published date: 01 August 2018

THE JOURNAL OF FINANCE •VOL. LXXIII, NO. 4 •AUGUST 2018

AMERICAN FINANCE ASSOCIATION

Report of the Executive Secretary and Treasurer

for the Fiscal Year Ending June 30, 2017

Financial: The Association remains in a strong financial position with the

total assets $17.6 million as of June 30, 2017. Net Operating Income for the

fiscal year was $576,620. Realized and unrealized capital gains amounted to

$1.1 million for the same period, bringing total income to $1.7 million for the

period. The Association’s net worth increased by 11% for the fiscal year.

Please note: For details, the audited financial statements are now posted on

the AFA website (www.afajof.org).

Membership: Membership totals over the past 10 years are represented in

the following exhibit:

Totalmembership numbers remained basically unchanged between 2016 and

2017 at around 10,600. Our regular (active) membership numbers increased

3.7% over last year. However, the library and corporate membership is down

nearly 8%.

Annual Meeting: The Annual Meeting for 2019 will be held in Atlanta,

January 4–6 (Friday, Saturday, and Sunday). For the following three years,

the ASSA Meetings are scheduled as follows:

January 3–5, 2020: San Diego (Friday, Saturday, and Sunday)

January 3–5, 2021: Chicago (Sunday, Monday, and Tuesday)

January 7–9, 2022: Boston (Friday, Saturday, and Sunday)

Respectfully submitted,

Jim Schallheim

DOI: 10.1111/jofi.12709

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