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2014 PACES Financial Statement

2014 PACES Financial Statement. Kathryn Collins, MD. Calendar year 2013. Balance start of year: $50,602 Deposits: $46,810 Withdraws: $52,902 End of year 2013: $44,510. February 2014. Balance at the start of year: $44,510 Deposits (through Feb): $ 375

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2014 PACES Financial Statement

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  1. 2014 PACES Financial Statement Kathryn Collins, MD

  2. Calendar year 2013 • Balance start of year: $50,602 • Deposits: $46,810 • Withdraws: $52,902 • End of year 2013: $44,510

  3. February 2014 • Balance at the start of year: $44,510 • Deposits (through Feb): $ 375 • Withdraws (through Feb): $ 4,425 • Working cash flow: $40,460

  4. Expenses for 2014 Largest Expenses Business meeting $40,000 - $50,000 Strategic Planning $20,000 Website rebuild $10,000

  5. Income 2014 • Dues • In 2013-2014 calendar year, • 191 member paid dues • Many more on our listserv (300 Full) • ROLLING SCHEDULE – if you paid last year in April, then that is when you are due for this year • No exact due date, no late fees = Members pay whenever they get around to it

  6. Income 2014 • Business Dinner charge • Pure guess on # attendees • Most people pay at the last minute • At least 20 people have paid in last 2 days

  7. Industry Sponsors 2014 LifeWatch:                       $2,500 Medtronic:                         $5,000 Transgenomic:                  $2,000 Gene Dx:                           $2,500 Total                                $12,000 Other Sponsors • SADS

  8. HRS meetings 2013 Pre HRS educational mtg Event in Denver Special planner (Lyn Schaffer) Less cost More industry sponsorship 2014 Strategic Planning session Event in SF No event planner *Modest increase in dues Less industry sponsorship *don’t know sponsorship until last minute

  9. Financials 2013-2014 Other Expenses Website maint $2,016 Taxes (accountant) $50 Insurance $1300 Basecamp $600 survey monkey $200 Misc/banking fees/cc $750 Total = $5000

  10. As of May 2014 • Total in the bank: $60,072 • Expenses to be paid: $40,000 • Still in the Black: $20,072

  11. Other considerations • Where do we want to spend the $ we do bring in? • Each consensus statement is $5000 • Website rebuild costs $ • CME for HRS symposium cost $ • Support for prospective research cost $

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