by Michael Mitrano, Treasurer

The income statement and balance sheet below show the AAAP’s financial results for the fiscal year that ended on June 30, 2023, and our financial position at the beginning and end of the year.

The AAAP had a $2,481 surplus for the fiscal year, similar to last year’s.  The chart below shows member dues for the past 16 years:

Dues were paid by 189 members during the fiscal year – five more than the year before.

Replacement of the observatory columns was completed last fall; the donations from members and others who supported that work were taken into income during the fiscal year (which may not be when the donations were made).  The $9,700 in donations fully covered the cost of the work itself.  Thank you to those who supported the project!  The AAAP absorbed the related PayPal fees.

Our cumulative reserves are close to $21 thousand, equaling about 3 1/2 years of the association’s expenses (excluding the columns replacement) at last year’s level.  We are in a very strong financial position.

Kindly let me know if you have any questions about the report.