by Ira Polans, Treasurer

The income statement and balance sheet below show the AAAP’s financial results for the fiscal year that ended on June 30, 2026, and our financial position at the beginning and end of the year.

The AAAP had a $2996 deficit for the fiscal year. This is due to the electrical repair ($7605) to the observatory. If this expense is removed, there is a $4609 surplus. The chart below shows member dues for the past 10 years:

Dues were paid by 197 members during the fiscal year—this is the same as last year.

Our cumulative reserves are close to $27 thousand (over 5 years of the association’s expenses at last year’s level (if we remove the expense for the observatory’s electrical repair). Overall, we are in a strong financial position.

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