AOAC BOD June 2018 Pre-Meeting Materials

The Scientific Association Dedicated to Analytical Science ®

Finance Committee Item 2.1a

EXECUTIVE SUMMARY

DATE:

June 6, 2018

TO:

Directors, AOAC INTERNATIONAL Board of Directors

FROM:

Joyce L. Schumacher, Chief Financial Officer

SUBJECT: Status of Reserve Accounts as of May 31, 2018 ________________________________________________________________________ The AOAC INTERNATIONAL reserve account balance as of May 31, 2018 is $6,479,367. This is an increase of $68,886 since December 31, 2017. The May balance breaks down by account as follows: Morgan Stanley Short Term Reserve: $ 702,821 Long Term Reserve: $ 5,776,546 The December 31, 2017 balance was $6,410,481. The change in the last two months can be explained as follows: Purchases (new money): $ Withdrawals $ Dividends: Long Term Reserve: $ 40,022 Capital Gains: Short Term Reserve: $ Long Term Reserve: $ Interest Income: $ 3,727 Unrealized Gains (Losses): Short Term Reserve $ (2,677) Long Term Reserve $ 27,814