July 2020 Volume LV Number 4

 
 
 
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AAPD Finances Impacted by COVID-19 Pandemic

July 2020 Volume LV Number 4

The accounting firm of Martin and Martin conducted the audit of AAPD’s financial statements for the fiscal year ending June 30, 2019. AAPD experienced a net gain during the year of $59,151, reflecting total revenues of $12,032,619 compared to expenses of $11,973,468.
 
The financial highlights for the current fiscal year through April 2020 are provided below. AAPD’s core operations have generated a net loss of $260,220. As of April 30, 2020, investments were $5,208,625 and total assets were $10,847,051. This obviously reflects the significant financial impact of the cancellation of the 2020 Annual Session. You can view a further financial breakdown in the pdf below.

YOUR AAPD STAFF CONTACTS FOR FINANCES AND BUDGETING
Chief Executive Officer John S. Rutkauskas
Business Services Director Thomas P. Jurczak
Accounting Coordinator Veronica Gomez