0 - Mycological Society of America

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