ANA GOVERNORS APPROVE FIRST-QUARTER EXPENDITURES FOR NEXT FISCAL YEAR
BOARD TO REEXAMINE ANTICIPATED REVENUE, EXPENDITURES BEFORE PASSING FULL BUDGET
The American Numismatic Association Board of Governors announced that expenditures for the first three months of the 2013-14 budget year have been approved during the board's regular meeting on Tuesday, Oct. 22. The board opted to delay a full vote on the budget pending further examination of revenues and expenditures.
"Our projected revenues for 2013-14 are forecasted to come in lower than in prior years," explained President Walter Ostromecki Jr. "The board decided that, in order to be good stewards for the membership, we should take another look at our revenues and operating costs before we approve a final budget."
The board is tentatively slated to vote on the budget during its scheduled teleconference meeting on Dec.10. The ANA's fiscal year runs from Nov. 1 to Oct. 31.
"The Association's investments have been doing very well," said Treasurer Larry Baber. "We are on firm financial footing overall; the board simply wants to take some extra time to find ways to make up for reduced revenue."
The Oct. 22 meeting was held at the Edward C. Rochette Money Museum in Colorado Springs, Colo., which also serves as the ANA's National Headquarters. A replay of the live broadcast of the board meeting can be viewed at Money.org and on the ANA's YouTube channel.
Originally Release Date: October 24, 2013
ANA Contacts: Phone: 719-482-9872