With its new website up and running, the American Numismatic Association’s budget for the fiscal year beginning Nov. 1, 2014, drops to $5.7 million compared to $6.35 million the year before.
The ANA board of governors voted unanimously to approve the spending plan Oct. 30 during a teleconference.
The dues and applications income line dropped to $810,000 from $900,000 the year before. License fees also declined substantially, going from $100,000 to $54,500.
The ANA will use 3.25 percent of its investment assets, or $692,778, toward the fiscal year end operating and capital budgets. In fiscal year 2013, the ANA’s net worth grew by $4.1 million to $73.7 million, though the latter figure includes the value of the museum collection.
Executive Director Kimberly Kiick said, “This budget, which includes the use of a portion of the ANA’s investment growth, will help staff accomplish the ANA’s goal for 2015 – fresh approaches for advertising, marketing and membership.
“The use of investment returns will help the ANA in the immediate future as we strive to grow the membership and ensure the long-term health of the Association,” Kiick said.
Checkout the new ANA website to obtain a copy of the approved budget at Money.org/financial-reports.
This article was originally printed in Numismatic News Express.
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