0 - Mycological Society of America
0 - Mycological Society of America
0 - Mycological Society of America
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Off= <strong>of</strong> the Trmaurn<br />
Mycology Laboratory. USDA-ARS<br />
Bcluvillc Agricultural Research Center<br />
Bcltrville. MD 20705<br />
Telephone: (301) 344-3364<br />
The <strong>Mycological</strong> <strong>Society</strong> <strong>of</strong> <strong>America</strong><br />
FOUNDED DECEMBER. 1931<br />
Report <strong>of</strong> the Treasurer<br />
2 August 1984<br />
As <strong>of</strong> 1 August 1984, the <strong>Society</strong> had a balance <strong>of</strong> $3,534.48 in its checking<br />
account, $36,301.10 in its savings account which includes $627.61 in the<br />
Barksdale Fund; the Alexopoulos fund with $5,497.14, in a separate account;<br />
and, also in a separate account, proceeds from the sale <strong>of</strong> a Brief History <strong>of</strong><br />
North <strong>America</strong>n Mycology with $249.77. Total assets are $45,582.49. The<br />
<strong>Society</strong> has no outstanding liabilities.<br />
As authorized by the 1983 Council, twenty travel grants were awarded to members<br />
<strong>of</strong> the <strong>Mycological</strong> <strong>Society</strong> <strong>of</strong> <strong>America</strong> to attend IMC3. Seventeen <strong>of</strong> these were<br />
for $500.00 each, while three awardees requested sums <strong>of</strong> less than $500. Thus,<br />
$9660.56,was spent for travel grants.<br />
New receipts from 1 August 1983 to 31 July 1984 totalled $31,942.04. This<br />
includes $30,954.77 from Regular, Associates and Affiliated Members which<br />
is an increase <strong>of</strong> $380.57 from that reported in 1982-83. Interest on the<br />
checking account yielded $987.27 income. We have twenty-one Sustaining<br />
Members who provided $4,200.00 income. Interest from the Savings Account<br />
through June totalled $2,808.99. Surplus from the 1983 APS-MSA Meeting<br />
returned $2378.00 to the <strong>Society</strong>, royalties from the MSA Guidebook yielded<br />
$532.49, and $244.85 came from the sale <strong>of</strong> Mycologia Memoirs. Other receipts<br />
in the Savings Account are from the AIBS Dividends $30.00, sale <strong>of</strong> the Careers<br />
Brochure $25.00, and a contribution to the Barksdale Fund $25.00.<br />
Disbursements to date totalled $48,453.93. Included in this sum was $17,660.56<br />
spent for IMC-3 travel awards. Payments to the New York Botanical Garden for<br />
Mycologia were $16,220.00, a decrease <strong>of</strong> $3,028.00 over the previous year. Total<br />
cost <strong>of</strong> printing and mailing <strong>of</strong> the directory and the newsletter was $9704.39.<br />
Other disbursements represent normal expenditures necessary to direct the<br />
<strong>Society</strong>'s activities.<br />
Despite the disbursement <strong>of</strong> almost $10,000.00 in IMC-3 travel grants, the <strong>Society</strong><br />
is in good financial condition with an increase in net assets <strong>of</strong> $14,206.93 over<br />
the past year. This primarily is the result <strong>of</strong> continued support from our<br />
Sustaining Members, a temporary decrease in payments to the New York Botanical<br />
Garden, an increase in interest income, and the windfall return on the 1983<br />
Annual Meeting. Several <strong>of</strong> these sources will provide one-time input only,<br />
thus cannot be counted on for continued support <strong>of</strong> the <strong>Society</strong>.