Society Assets as of 2001 Meeting

Asset

Date Recorded

Amount

Bank One Checking Account

2/28/2001

$15,804.96

Vanguard Asset Allocation

4/7/2001

$86,6077.46

Certificate of Deposit

4/7/2001

$78,623.05

Total Assets Reported March 30, 2001:

$181,035.47

Society Assets as of 2002 Meeting

Asset

Date Recorded

Amount

Bank One Checking Account

2/28/2002

$25,266.89 (+9,461.93)

Vanguard Asset Allocation

3/11/2002

$89,093.27 (+2,484.81)

Certificate of Deposit

3/11/2002

$81,771.48 (+3,148.43)

Total Assets Reported April 20, 2002:

$196,131.64 (+15,096.17)

Summary of Income to April 20, 2002

Item Name

Amer. Physiol. Soc.

Contribution to MCS

$10,000.00

Nature Publishing

$21,000.00

Stockton Press

$6,000.00

MCS Dues Paid 2001/2002

Dues paid from Feb 28,2001 - Feb 28, 2002

$29,175.00

Banquet Tickets 2001

$6100.00

Donation for Crone Award

Crone Award for 2001

$2,000.00

Fine Science Tools 2001

Krogh Award

$2,000.00

Miscellaneous

Total Receipts as of April 20, 2002:

(*income for 2000-2001)

Summary of Expenses to April 20, 2002

Item Name

Expenditure Amount

MCS Awards, 2001

$11,500.00

Journal

Associate Editor Compensation (1 from previous year)

$1,500.00

Nature Publishing:

Vol. 7 (4) 310 copies @ $7.67/copy

$2,377,70

Vol. 7 (6) 386 copies @ $7.67/copy

$2,960.62

Vol. 8 (1) 305 copies @ $7.67/copy

$2,339.35

Vol. 8 (2) 370 copies @ $7.67/copy

$2,454.40

Vol. 8 (3) 326 copies @ $8.33/copy

$2,715.58

Vol. 8 (4) 326 copies @ $8.33/copy

$2,715.58

Vol. 8 (5) 333 copies @ $8.33/copy

$2,773.89

Vol. 8 (6) 339 copies @ $8.33/copy

$2,823.89

Increase in Journal Fee (305 copies 0.66 per copy)

$201.30

Increase in Journal Fee (320 copies 0.66 per copy)

$211.20

Conference Abstract Fees

$2,500.00

MCS Meeting 2001 Hotel Costs

$3,519.83

MCS Poster Session - FASEB

$1,504.00

Speaker Expenses

$400.00

Direct Operations

Holly Lopez, Univerisity of Arizona

$2,475.38

Postage

$1,216.85

Copying Fees for Directories

Membership Directories

$1,353.45

Credit Card Fees

Secure On-Line Credit Card System

$1,056.88

Commonwealth of Mass.

Non-Profit Organization Fee

$35.00

Bank Charges

$53.00

Returned Check

$90.00

Total Expenditures as of April 20, 2002:

$67,817.02

(*expenses for 2000-2001)

($73,512.20)

MCS Income Prediction for 2003

Item Name:

Changes from 2002

Amount

MCS Income for 2002

--

$77,280.00

Stockton Press

No Stockton Press Costs

(-$6,000.00)

Nature Group Publishing

Nature will only return $12,000

($-9,000.00)

Predicted Income for 2003:

$62,280.00

Explanation for Reduction in 2001-02 Expenses Compared to 2000-01

Extra Costs in 2001-2002:

Amount

MCS Awards

$3,000.00

Journal Expenses

$4,046.00

World Congress Travel Awards

$4,000.00

TOTAL:

Reduced Costs in 2001-2002:

No Journal Assistant Editor Costs

No World Congress Contribution

No AMS Management Fees

No Credit Card Set-Up Fee

TOTAL:

Accounts for $6,626.00 reduction in expenses for 2001-2002

MCS Expense Prediction for 2003

Item Name:

Changes from 2002

Amount

MCS Expenses for 2002

--

$67,817.00

"Extra costs" reduced by $4,000--No World Congress Travel

(-$4,000.00)

"Reduced costs" for 2002 will continue for 2003

Predicted Expenses for 2003:

$63,817.00

Additional Information Influencing Financial Status

Method of Dues Payment:
(2/28/01-2/28/02)

Credit Card On-Line

Check

Domestic (Including Canada)

138

152

International Members

38

25

Total:

176

177

Total Names in Database

Inactive Members

Emeritus Members

Deceased Members

Possible Dues Paying Members

Paid Memberrs for 2001

Unpaid Members for 2001