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- Title
APGA Financial Report 1968-69.
- Authors
Johnson, Ralph
- Abstract
The article presents the financial report of American Personnel and Guidance Association (APGA) for the fiscal year 1968-1969. The association's report ended with a deficit, which amounts to approximately 2 percent of their total actual income for 1968-69 and represents a considerably smaller deficit that might have been incurred considering the rapidly spiraling costs of the past several years. This small deficit is not too alarming considering the fact that APGA has operated on a 1962 dues structure while the costs of services to members have been increasing most rapidly in recent years. The current balance sheet of APGA indicates that there is an amount of $59,888.19 in reserve account and a current mortgage balance of $74,667.72. For the previous fiscal year, the reserve was the same and the mortgage balance was $112,179.69. A major change in the reporting last year relates to the initiation during the last fiscal year of the deferred income concept regarding members' dues, subscriptions, and placement.
- Subjects
FINANCIAL statements; AMERICAN Personnel &; Guidance Association; INCOME; RESERVES (Accounting); MORTGAGES; FISCAL year
- Publication
Personnel & Guidance Journal, 1970, Vol 48, Issue 5, p385
- ISSN
0031-5737
- Publication type
Article
- DOI
10.1002/j.2164-4918.1970.tb03335.x