SEVENTEENTH ANNUAL MEETING OF THE AMERICAN ACADEMY OF PEDIATRICS

Abstract

President Toomey: The first matter to come up is the report of the Secretary. Dr. Grulee: My printed report has been handed to you as you came in the door. I am not going to read this report. An addition to make to it is that a special meeting of the Executive Board of the Academy was held at 4:30 P.M. Sunday afternoon, November 21, 1948 at Haddon Hall, Atlantic City. President Toomey presided. At this meeting the motion was made, seconded and carried that Dr. Sisson and the Committee he may select be empowered to explore the possibilities of publicizing the Academy's Study of Child Health Services, with absolutely no power to act except by approval of the Executive Board. President Toomey: The report of the Treasurer is next. Dr. Grulee: I am going to ask Dr. Martmer to explain several features of the report, since he is Chairman of the Budget Committee. Dr. Martmer: At first glance, the Treasurer's report looks as though the Academy is an extremely wealthy organization. However, there are certain facts which must be kept in mind. As of this moment, we have cash in the bank totaling $129,767.89. But remember that the Treasurer of the Academy is custodian of those funds which are furnished by the various commercial firms for the ICH Committee, and there is definitely blocked for the ICH Committee—since they have collected that amount—$40,255.00, which leaves us, then, a balance of $89,512.89, which is actually Academy funds. At the start of the year, we had a balance of $43,859.98, and therefore, without going into our reserve, we have available for the balance of the year the sum of $45,652.91. We have, to offset that, eight months of the Academy year. An estimate of probable costs over that period is as follows: This Atlantic City meeting will cost us approximately $25,000.00. The cost of the Executive Board meeting for this session amounts to about $3,000 and there is a second Executive Board meeting in June, which will cost an additional $3,000. There are, in connection with the Areal Meetings, unpaid expenses which we have estimated perhaps somewhat high, but nevertheless a sum must be set aside for that purpose, and we have estimated $3,000. The office salaries, including the five people who are employed in the office, the Secretary and Assistant Secretary for the eight month period amount to $22,500. There is an item of $100 or more which we are obligated to pay in the furnishing of certificates for new members.