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TREASURER’S REPORT 2018 Marcus Williams, PT, DPT, MBA
We experienced another strong financial year for the association in 2018. After making updates to our Investment Policy Statement we were able to work with our financial advisors to distribute our investment funds in a manner that better aligns with the long-term strategic objectives of the OPTA . In doing so, we capitalized on growth in the equities market which has pushed to near record highs. Our strong financial position and positive cashflow allowed us to take advantage of some interest-bearing institutional money market accounts . Providing this extra cushion to our operating budget allows us to be more creative in how we enhance the value of your membership . A few of these value-added highlights include the hosting of financial wellness/lifestyle series workshops targeted at our Early Professional members, increasing the research grant funds by 250%, and making a substantial investment in our new L.I.F.E Series Leadership Academy . We look forward to continued stability and member enhancements going forward .
OPTA 2018 FINANCIAL SNAPSHOT
Income: $731,536 Expense: $636,089
Year End: $95,447
6 | September 2019 | OPTA