2019 Treasurer's Report
APNA 2019 Annual Activity Report
I am pleased to provide the APNA Treasurer’s Report for the most recent fiscal year, 2018. The audited financial statements for the year ending December 31, 2018 can be found in the Appendix. This report shows the complete APNA financial position to include foundation activities. All APNA financials are under the stewardship of the APNA Board of Directors The results show a total negative return from operations of $367,500.
In an effort to oversee the integrity of its financial statements and maintain a system of internal control, APNA established an Audit Committee including Jeanne Clement, Ben Evans, Rick Pessagno, and Avni Cirpili. The committee’s responsibilities include reviewing the results of the audited financial statements with the independent auditing firm annually. Last year’s audit resulted in a “clean” opinion with no material misstatements.
In addition to the statements discussed above, we have prepared the following charts reflecting the revenues and expenses and the net operating results from January 1, 2005 through December 31, 2018.
The Board of Directors functions as the investment committee for APNA funds. It utilizes the services of an investment manager who invests the funds in accordance with the APNA investment policy. The investment policy calls for a diversification of funds with moneys invested in cash, equities, bonds and real estate. The following charts show the results of APNA investments from July 2003 through August 2019. APNA investments have returned a total of $1,159,875 over that period.
It is my honor to serve as APNA Treasurer and I appreciate the support of staff, the Board and the members who make these positive results possible.
Donna Rolin, PhD, APRN, PMHCNS-BC, PMHNP-BC
American Psychiatric Nurses Association