Treasurer's Report

In addition to reporting on the current financial status of NCSPP, I want to take this opportunity to express my warmest gratitude to board members past and present for supporting me during my term as Treasurer. Your dedication and commitment to the organization have impressed me. Molly Sullivan was right; it was, indeed, an “interesting” and enriching experience to serve as Treasurer. The years of my tenure have been a time of growth and change for the organization, and it has been an honor and a pleasure to be a part of these developments.

Amidst many changes, NCSPP maintains a sound financial position with year-end reserves at $443 and additional securities totaling $27,041. As a possible consequence of rapid expansion in various program areas, NCSPP's total revenue fell approximately eight percent below last year's remarkable figures (see table below). Although the cash flow report itemized below shows that, again, we operated at a slight loss this past fiscal year, the organization was actually able to reduce expenses by almost 16% — one of last year's financial goals. As always, NCSPP is dedicated to offering continued high-quality educational opportunities without compromise, and our struggle to meet financial goals and operate within our budget is probably best conceptualized as “growing pains.”

With an eye toward the future, the new board under the leadership of Barbara Blasdel, Ph.D., has developed and implemented a number of significant procedural changes in the areas of accounting and financial management. Earlier this year, a special committee was organized to review and evaluate NCSPP's established bookkeeping and accounting practices. A series of recommendations emerged, leading, in part, to the following: 1) Cary Dakin, MFT, our new secretary, reviewed current systems and offered valuable financial consultation to the board. Her involvement was key in terms of re-organizing and improving NCSPP's bookkeeping and accounting methods; 2) Michele McGuinness