Greetings Fellow Treasury and Finance Professionals:
It is hard to believe that the end of 2024 is quickly approaching! As we all look forward to our final AFP events of the year & begin to plan for 2025, I want to give an update on the financial health of AFP of Utah.
Your membership dues and event registration fees, together with contributions from generous sponsors, fund a variety of events that we all are able to participate in throughout the year. Our goal each year with the budget is to fund all of our initiatives at the lowest possible cost to our members, while maintaining adequate cash reserves for the future.
So far this year, we’ve held five lunch & learn events as well as a fun social activity at Top Golf. We’ve been able to cover the cost of these events for the most part with member dues. In addition to dues, we received a generous $2,500 donation from PNC Bank. With those inflows having been received and a few expenses that will be incurred before the end of the year, we expect year-end inflows to slightly exceed outflows, thus accomplishing our goal stated above.
For additional details about the organization’s finances, please feel free to contact me.
Thank you for your continued support of AFP of Utah!
Clark Smith, CPA, CTP
AFP of Utah Treasurer
