Great Equalization: Is MBBS From India Equal To M.D. In U.S.A?

AAPI Journal • March 2009
Treasurer’s Report
by Narendra Kumar, M.D.
It is my privilege to report that the
state of our finances continues to be
strong, and we are making every
effort to maintain and improve the
current financial status. This
requires the help and support of our
constituency. As AAPI Treasurer, I
will fulfill my promise to keep AAPI
finances in proper order by
maintaining fiscal stability,
accountability and enhance
financial health. It is important to
keep financial matters transparent to
the membership. This requires
cautious spending and enhanced
revenues especially during this
current economic climate. I am
closely monitoring financial
activities at the AAPI National
Executive Office, and I am keeping
our President appraised on the
financial status at a regular interval,
Narendra Kumar, M.D.
Treasurer, AAPI
and the
Executive
Committee at our monthly
teleconferences. A detailed report
will be presented at the Governing
Body meeting in Boston and at our
General Body meeting in Orlando.
Citi Bank Operating Acct Balance ......................$101,351.55
Citi Bank Money Market Acct Balance ..............$150,332.98
Indo-US Healthcare Summit Acct Balance............$40,656.89
Women’s Healthcare Summit Acct Balance ............$2,768.72
AAPI Orlando Convention Account......................$44,524.85
AAPI-Charitable Foundation Acct as of 1/09....$1,029,289.89
AAPI-CF Elite Account (Current) ........................$143,005.53
BOT Account (Smith Barney)as of 1/09............$2,079,021.33
Major Income/Expenses As of February 19, 2009
Major Income
Balance From Previous Year (6/30/08)................$122,459.87
Patron Fund Allocation (from BOT)....................$122,795.25
Las Vegas Convention Balance (approx) ............$178,119.30
Total Membership Dues ......................................$63,850.00
AAPI Emergency Relief Fund ....................................$652.00
CME ......................................................................$7,974.14
Journal Ads..........................................................$43,250.00
Website Ads ..........................................................$2,100.00
Nomination Filing Fee ........................................$10,000.00
Royalties................................................................$6,854.09
Resource Directory Sponsorship............................$7,500.00
2005 Convention - Closing balance ......................$3,049.97
Philadelphia 07 Convention ................................$24,984.67
Refund from 2008 LV Conv. (Advance refunded) $54,510.80
June 2008 Year-in Review Ads Income ..................$7,833.00
Money Market acct Balance ................................$11,768.16
Uncleared Checks from July 1 to Nov 14, 08 ......$21,702.24
Accounts Payable ....................................................$648.06
AAPI Charitable Foundation ....................................$100.00
Major Expenses
AAPI MSRF/YPS Support ................$12,500.00
Accountant Fee ................................$4,800.00
Computer Related ............................$5,286.70
Computer Related ..........................$12,640.88
Constant Contact (Email) ......................$967.94
Media Consultant............................$10,500.00
Copy Machine Lease ........................$3,930.54
Media Consultant............................$14,900.00
Condo Association Fee......................$4,394.14
Office Expenses ................................$3,307.41
Insurance ..........................................$3,146.00
Postage..............................................$2,415.35
AAPI Journal--June 08 Issue ............$29,249.00
AAPI Journal (2 issues) ....................$44,598.17
2008 Resource Directory ..................$7,600.00
Printing – Other ................................$4,216.65
Governing Body Expenses ......................$1,429.40
Employee Wages & Misc...............$126,736.26
Telephone/Storage/Bank Fees etc.......$7,937.72
Travel ................................................$6,399.20
Promotions........................................$3,274.11
2009 Orlando Convention Advance ..$82,184.83
2007 Real Estate Taxes ......................$3,535.90
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