Page 6 - OPTA September 2018

Treasurer’s Report 2017 Marcus Williams, PT, DPT, MBA
It has been an exciting year for the Finance Committee . The association’s disciplined resource stewardship over the past year has afforded us the opportunity to adopt a proactive attitude toward our investment strategies . This process started with taking a more holistic approach to assessing our investments, one that looks beyond returns and considers the asset allocation, investment quality, and the fee structure . In doing so, we were able to negotiate a reduction in the fees associated with our Short Term Fund from (1 .5% to 1%) . We were also able to transfer a portion of our funds from a non-interest bearing checking account into a zero-fee money market account that will earn 1 .9% . These quick-wins will result in an annual net-impact of several thousand dollars added to the association’s bottom-line .
These positive changes at the micro-level have led us to a review of our Investment Policy Statement (IPS)
to further evaluate whether this policy has us appropriately positioned to meet both the current and future needs of the association . In doing so, we’ve found that the language in our current IPS does not allow for optimal management of our Long Term Fund investments . Our focus is now on creating a more modern policy that will be better served to accentuate the association’s vision, while preserving our purchasing power and protecting our principal .
We had a great year in 2017, and look forward to maintaining fiscal stability and providing professional resources for our members in the years to come .
2017 FINANCIAL SNAPSHOT
Income $734,121.97 Expense $650,274.52
Investments $24,762.95 Year End $108,610.40
2019 Advocacy Day
Renaissance Columbus Downtown Hotel | Columbus, Ohio | April 4, 2019
6 | September 2018 | OPTA