Treasurer's Report for Financial Year (FY) 2012

Abstract

Society’s Total Assets as of May 31, 2013, are as follows: $1,625,201.14 Cash accounts (Community Checking + Money Market Business): $1,441,288.02 Total CDs: $183,913.12 This report covers the period from June 1, 2012 to May 31, 2013. Due to the ongoing success of Molecular Biology and Evolution (MBE) and Genome Biology and Evolution (GBE), whose revenues continue to increase, the society remains in outstanding financial health. Society membership increased during FY 2012: membership-only subscriptions increased from 456 in 2011 to 732 in 2012, while society membership + journal subscriptions increased from 239 in 2011 to 313 in 2012. The society used its income to publish its two journals, MBE and GBE, and to support its annual meeting, in 2012 held in Dublin, Ireland. This included providing increased graduate and postdoctoral travel awards, funding the Walter Fitch Prize Symposium (a cash prize for the winner and travel funds for all eight contestants), running the Undergraduate Diversity Mentoring Program (UDMP), supporting the travel and accommodation of Council members, and providing travel incentives for Associate Editors of MBE and GBE. We also supported three satellite meetings on important, focused and timely topics related to molecular evolutionary biology. This year we received a donation of $2000USD from Masatoshi Nei to be used to set up a fund to support an honorarium for publication in MBE of the annual Nei Lecture given by the President of SMBE during the annual meeting. The 2013 Nei Lecture is to be the first lecture published under this scheme. The total value of the honorarium is to be $4000USD. Expense Category June 1, 2012 – May 31, 2013 USD Interest income 748.81 OUP journal revenue (MBE) 554,002.00 OUP journal revenue (GBE) 74,982.00 Society fees collected by OUP 22,288.00 Annual meeting reimbursement 0.00 Nei Lecture fund donation (Masatoshi Nei) 2,000.00 Total inflows 654,020.81 2013 annual meeting (partial) 25000.00 SMBE satellite meetings 65069.50 Support for diversity programs (e.g., UDMP, childcare subsidy) 17567.31 Nei Lecture publication honorarium 0 Bank charges 120.00 Accounting 1,725.00 Corporation fee 40.00 Fitch Prize 1,500.00 SMBE council and editors-in-chief travel 30,710.40 MBE/GBE associate editors travel incentive 96775.62 SMBE travel awards (Fitch, graduate, postdoc) 54719.25 SMBE website maintenance 3,756.42 SMBE treasurer expenses 0.00 MBE editorial office expenses 111,519.42 MBE editor expenses 103,500.00 GBE editor expenses 25,000.00 GBE “Highlight” honoraria 10,329.00 Postage 453.11 Total Outflows 547,785.03 Overall Total 106,235.78 View it in a separate window