By Michael Mitrano
The income statements and balance sheet below show the AAAP’s financial results for the fiscal year that ended on June 30, 2018, and the AAAP’s financial position at the beginning and the end of the year.
The AAAP had a $457 deficit for the fiscal year. As during the year before, we made significant investments in the observatory. In fiscal year 2018 we replaced the Mallincam with two digital cameras and added the device that permits precise alignment of the two scopes on the south mount. StarQuest also had a substantial loss, as it did the year before.
Membership for fiscal year 2018 was good, with a total of 97 paid members by year end.
Our cash balances and cumulative reserves remain close to $15 thousand, equaling roughly two years of the association’s expenses.
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