NCSPP Treasurer Report

NCSPP completed our fiscal year with a net loss of $36,800. This is due in large part to the redesign and functioning of the new website and our online newsletter Impulse. Unplanned expenses with the project combined with increased expenses and unforeseen circumstances ultimately impacted the bottom line this year.

Over the past two years the board has voted to cover $37,000 for the website, with the understanding that if we fail to have enough funds to pay for it from our bank account, we will fund it from our investment account.

NCSPP investments kept apace of the market, giving us $70,000 in reserve. We will now liquidate monies, as needed, to cover the allotted web design costs.

Fiscally successful events were the East Bay and San Francisco Intensive Study Groups, the Couple Psychotherapy event, the fall and spring Scientific Meetings, the professional salons, and nearly all of our courses and workshops. And again, Impulse generated substantial income through advertising. Reflective Spaces, our outreach program for community mental health therapists, had high attendance numbers at all their events.

There were several issues that contributed to the deficit. The editorial committee experienced increased production and distribution costs for fort da. The cancelation of the Annual Lecture — due to an unexpected medical illness experienced by the presenter, Dr. Michael Shoshani — was quite a disappointment to the community. Another issue reflected in the budget's outcome was the fact that members had to deal with delays in launching our website's automatic renewal function. Consequently, we had difficulty getting their dues in before the close of the fiscal year.

The board made substantial cuts in expenses and prepared conservative estimates of income in the budget for the next fiscal year. We expect over time to see gains from the website investment to include streamlined administrative functions, and increased member access to registration information, course payment, a