2017-2018 Name, Job title

Company name Date

someone@example.com

Annual Report

From the President Thank you everyone for another incredible year at ASFIP. I am deeply humbled to serve as President for the 2017-2018 year, and I look forward to continuing my service as a volunteer, serving the Board as the Diversity Taskforce co-chair, and ASFIP Foundation Board Member.

Thank you, Programming Committee, led by Natalia Jones for doing an outstanding job-the average member attendance to events increased from 60 members to 90 members this year. We introduced two widely received program series; The Asset Owners Series focused on institutional investors and Women Networking in Finance which had 150+ women networking together from 50+ local companies and nonprofit organizations. Ben Inker, for the Forecast dinner at the new SunTrust Park, followed by Lunch with Atlanta Fed President, Dr. Raphael Bostic were memorable events. The Blockchain Panel, Meeting with SEC and Tipper X Tom Hardin’s insights were sold out events. Our 3rd Annual Future of Finance Conference, focused on Diversity and Inclusion, was a success with 150+ attendees, and speakers like Carla Harris, Carl Richards and Jeffery Tobias.

The Diversity Task Force (Christy Loop and yours truly) launched a strategic initiative, “20 by Year 2020” The goal is to increase women society membership from 16% to 20% by year 2020. Few of the successes involved, Nation’s Top Women Portfolio Manager’s Panel discussion, a global outreach through a feature in CFA Institute’s Connexions Issue, and sponsorship of the Women’s Leadership Forum, organized by the Junior League of Atlanta.

This fiscal year, we received record funding from CFA Institute which enabled ASFIP to attract high caliber speakers and continue supporting ASFIP Foundation with its efforts. The Foundation’s financial literacy efforts led by Steve Davenport had another phenomenal year with increased outreach to the local universities, colleges, high schools and even elementary schools. The educational videos were featured in global conferences reaching worldwide audience. Fiscally, as projected we did end the year with a surplus, a portion of which was donated to the ASFIP Foundation, and I want to thank all our board members and committee chairs for that.

We also launched a new Corporate Sponsorship program which allows corporations to sponsor ASFIP events for the whole year. Thank you, Corporate Outreach Team led by David Lee.

ASFIP social media presence increased substantially, some LinkedIn posts received more than 3000 views globally, and number of LinkedIn members went up more than 30% in 1 year. We also launched a new Facebook page for ASFIP and have started a market poll monthly that provides members with views on the economy and markets through the eyes of their peers. Thank you, Technology team led by Andretta Weaver.

The Research Challenge team, led by Fred Tulley, had a record number of 19 teams of colleges and universities around South East. We partnered with universities around the city and helped universities with various events such as helping Kennesaw State Student Managed Fund with career paths in Finance, providing graders for South Eastern Hedge Fund Competition and many such initiatives. Thank You Education Team led by Aaron Jacobson-Swanson.

Thank you everyone and a special thanks to my mentor and inspiration, Steve Davenport, who was truly instrumental in making this year a success. Thank you, Cathy Ford, Executive Director for all your support. And finally, a big thank you and welcome to our new President and Board Lead, Natalia Jones, a hard worker and a long-time volunteer of ASFIP having served on the Executive Committee in various roles. On behalf of the Board at ASFIP, we look forward to another successful year to come. Sincerely, Aradhana G. Kejriwal, CFA

2016-2017 Board of Trustees Aradhana G. Kejriwal, CFA President; Diversity Task Force Co-Chair LaShonda Fuselier, CFA Executive Vice President; Community Outreach Chair Natalia Jones, CFA VP of Programs Aaron Jacobson-Swanson, CFA VP of Education Marc Altschull, CFA Treasurer Polina Denissova, CFA Secretary George Chen, CFA, CIPM Trustee; Past President; Governance Chair Kathleen Chrisman, CFA Trustee; Past President; SAC Chair David Lee, CFA Trustee; Past President; Corporate Outreach Chair Christy M. Loop, CFA Trustee; Diversity Task Force Co-Chair Andretta S. Weaver Trustee; Technology Chair James A. Shilkett Trustee; Volunteer Chair Curtis Kimball, CFA Trustee; Membership Chair Emilie Sumera, CFA Trustee; Marketing & PR Michael Lee, CFA Trustee; Career Resources Fred Tulley, CFA Trustee; IRC Chair William Hanna Hope II, CFA, CIPM Advocacy

Mission Atlanta Society of Finance and

Investment Professionals is a not-for-

profit services organization fostering

the highest level of professional

ethics, standards, and competence

among the investment professionals

of Greater Atlanta. We serve our

members and the local financial

community through educational and

other programs, and thereby

contribute to the enhancement of

our profession.

Programs During the 2017-2018 fiscal year, ASFIP organized many events and addressed many topics of interest to our members.

Several of our events supported ASFIP’s Diversity initiative. In March, we held a very popular Women’s Networking event, gathering women from ASFIP, and from the finance community in Atlanta. It attracted a lot of attention locally and will likely be repeated. Our annual April Future of Finance conference was similarly devoted to Women in Finance this year. We had a number of

impressive speakers, such as Carla Harris, Carl Richards, Jeffery Tobias, as well as two in-depth panel discussions covering relevant topics.

We also held several events addressing technological advances in finance. These included an extremely successful BlockChain Finance Panel Discussion, as well as a Big Data & Artificial Intelligence event and a FinTech panel during the Future of Finance conference.

Dr. Raphael W. Bostic met with ASFIP for the first time in March; the members really enjoyed the armchair chat with the new president of the Atlanta Fed.

This year, we partnered with CFA Society of New York to hold our first Asset Owners Series event. It attracted substantial interest within in the Institutional Investment space, and we received very positive feedback.

Our 14th Annual Forecast Event featuring Ben Inker, CFA, head of GMO's Asset Allocation, was held at a new location – the Infiniti Club at SunTrust Park. We would like to thank our Diamond Sponsor - Voya, as well as other sponsors, for their generous support of this event.

Thank you to all the volunteers who put in so much effort to bring our 2017-2018 events to life. In particular thank you to Joe Beattie, Bob Grandhi, CFA, Jackie Cushman and Natalie Vnukovica for their invaluable contributions during the year.

Special gratitude is also owed to our Executive Director, Cathy Ford, who ensured that all of our event ideas came to fruition and were seamlessly executed.

Last but not least we are indebted to our sponsors, partnering organizations, and speakers for helping us make the Programming year a success. Natalia Jones, CFA

Education This year, the Education Committee worked on the CFA Research Challenge Southern Classic, university outreach and other initiatives.

In this year’s research challenge, a team from the University of South Carolina managed to beat teams from 13 other schools to go on to compete in the Americas Regional Final in Boston, MA.

The Education Committee hosted the Annual Conferment Dinner and awarded CFA charters to 30 new Charterholders. The keynote speech was delivered by Stephen Horan, CFA Institute Managing Director, Credentialing.

In order to expand our outreach efforts, we also met finance students on campus through their student managed investment clubs. Ben Cumming of SunTrust gave a presentation on financial topics in the healthcare industry to the students in the Student Managed Investment Fund at Kennesaw State University, and Rex Macey gave a presentation on technology in the finance industry to students in the student managed fund at Georgia State University. ASFIP was also in attendance for the GSU student managed fund final presentations, and Jim Shilkett participated on the panel providing feedback to the students on their work. We would like to thank Ben Cumming, Rex Macey and Jim Shilkett for their efforts on this initiative.

Additionally, the Education Committee took steps to further our involvement in the Southeastern Hedge Fund Competition, participating as graders and attending the final competition on the Georgia State University Buckhead Campus.

Many thanks to Fred Tulley, CFA, Dyer Kennedy, CFA and to all the volunteers for their hard work. Aaron Jacobson-Swanson, CFA

CFA Institute Research Challenge|Southern Classic The annual Investment Research Challenge | Southern Classic was held on February 24, 2018. A record nineteen teams submitted papers for this year’s challenge. Sixteen teams from Georgia, Alabama, and South Carolina gathered at Kennesaw State University to present equity analysis and investment recommendations to a group of industry judges. United Parcel Services, Inc. was the subject company this year. We would like to give special thanks to Grace Moore, CFA from the UPS Pension Plan. She attended the event and gave a speech to those in attendance. The first round of presentations started in the morning. Three teams were selected for the final round of presentations. The University of Georgia, University of South

Carolina, and Clemson University advanced to the final round held during the afternoon session. Congratulations to The University of South Carolina for winning the 2018 Investment Research Challenge | Southern Classic. They advanced to the Americas Regional competition in Boston, MA, which took place March 19-20. Students learned the essentials for writing an Equity Research Report. They had the opportunity to be coached and critiqued by industry experts and other CFA’s. The Research Challenge – Southern Classic Committee has compiled a book of resumes of student participants. The ASFIP Board would like to thank the Research Challenge Committee and all of the judges, graders, and other volunteers who helped to bring the event together. The competition occurs each year due to the commitment of numerous volunteers. Their efforts have made the event a grand success and is one of the premier case competitions for college and graduate students. Finally, we also would like to express our on-going gratitude to the CFA Society Alabama and the CFA Society South Carolina for their continued support of the competition. Next year’s competition is destined to be the most competitive on record. We hope to see even more teams and volunteers participate. Fred Tulley, CFA

Congratulations to the University of South Carolina team for winning the 2018 competition!

Membership Your Membership Committee worked to attract and process new memberships and assist with other membership changes during the year just ended.

Committee Curtis R. Kimball, CFA – Chair Evan Byers, CFA Scott Crenshaw, CFA Marilyn Kimball, CFA As of June 30, 2018, the Atlanta chapter had 1,418

active members of all types. ASFIP chapter membership grew 2 percent this year (we had 1,390 active members as of June 30, 2017). Approximately 98 percent of the members are regular members -- i.e. CFA charter holders (1,342 or 95 percent) or long-term professionals (44 or 3 percent). The remaining 2 percent are affiliate members. Of all these classes of members, 46 are in retired status. Since 2015 ASFIP has offered Participant Associate affiliations for those who are: (1) students or (2) local professionals not interested in CFA Institute international membership or the CFA charter program. This new affiliation has been a modest success as a gateway to “try out” ASFIP association, attracting those who are only interested in the Atlanta financial community and who would not have ordinarily been interested in, or qualified for, regular membership. Participant Associates pay the same $100 annual local dues as regular and affiliate members. Student Participant Associates pay $45 annual local dues as regular and affiliate members who qualify as full-time academics (i.e., teachers or students). As of June 30, 2018, ASFIP now has a total of 55 Participant Associates. This is a slight increase from the total of 54 Participant Associates we had last year as of June 30, 2017. If Participants are added to the list of members, the total number of people affiliated with ASFIP rises to 1,452. During the year ending June 30, 2018, the following membership actions occurred (not including renewals or other net no-change actions): New members who joined or returned after a period of lapsed membership TOTAL 120 Existing members who lapsed or cancelled their membership TOTAL 104 12 other members transferred into ASFIP from other CFA societies, accounting for the 28-member net change in membership for the year. Our membership retention rate remains in the mid-80 percent range which is good compared to all the CFA Institute constituent chapters. Curtis Kimball, CFA

Treasurer The 2018 fiscal year included $32,000 project funding from CFA Institute, which offset the cost of speakers for the Future of Finance event. Half of the net profit for the 2018 fiscal year has been donated to the ASFIP Foundation.

As of June 30, 2018, the Society held approximately $397,000 in reserves, which sufficiently covers the Society’s basic or core operational expenditures. We anticipate our position of financial strength to improve

during FY19, helping support the ASFIP Foundation. We will continue to invest in opportunities and programs which create additional value for our membership.

Please refer to the Appendix for unaudited financials and our investment policy statement as of 6/30/18. Thank you, and it’s been a pleasure serving as the Society’s Treasurer during this past fiscal year. Marc Altschull, CFA

Volunteer This year, 100 volunteers were indispensable in putting on several major Society programming events. Dozens of volunteers worked together to put on this year's CFA Research Challenge Southern Classic, the year's single largest event. Several Society volunteers provided industry mentoring to teams of college students researching this year's featured company, UPS. Many, more graded students' research papers, judged their presentations and handled logistics at the competition finals held on February 24th at Kennesaw State University.

Other events made possible by Society volunteers this year included furthering our Community Outreach efforts with our Junior Achievement Atlanta partnership, on January 26th. This year, volunteers helped teach Metro Atlanta middle school students about running a business and personal finance, by assigning corporate jobs to students who then learned to manage their compensation and living expenses. The event was held at JA Biztown's campus at the Georgia World Congress Center. We are pleased with the great turnout at all events, as well as the enthusiasm and dedication of this year's volunteers. We look forward to further building on our increasing roster of ASFIP members willing to help with future events. A volunteer recognition and recruitment event will be held at Gordon Biersch at 3242 Peachtree Road in Buckhead at 5:30 pm on Wednesday, August 22. Jim Shilkett and Lashonda Fuselier, CFA

“One of the greatest gifts you can give is your time.” -

unknown

Get Involved

Support our mission

Make a difference

Volunteers Aaron Foresman, CFA

Aaron Jacobson-Swanson,

CFA

Adam White, CFA

Aki Pampush, CFA

Allen Gillespie, CFA

Andretta Weaver, CFA

Anna Craig, CFA

Anuja Singha, CFA

Aradhana Gupta, CFA

Armond Reese

Austin Dean, CFA

Ben Cumming, CFA

Benjamin Webb, CFA

Bill Hope, CFA

Brad Phillips, CFA

Brad Young, CFA

Brandon Pickett, CFA

Brett Power, CFA

Brian Bugg, CFA

Carole Cox, CFA

Celia Anderson, CFA

Charles East, CFA

Chris Hart, CFA

Christy Loop, CFA

Curtis Kimball, CFA

Dan Wright, CFA

Darren Short, CFA

David Allison, CFA

David A. Lee, CFA

Dean Austin, CFA

Dustin Martin, CFA

Dyer Kennedy, CFA

Eli Niepoky, CFA

Evan Byers, CFA

Filip Lorinc

Fred Tulley, CFA

Francis Jin, CFA

Garrett O'Malley, CFA

George Chen, CFA

George Hauptfuhrer, CFA

Grace Moore, CFA

Jackie Cushman, CFA

James Morrison, CFA

Janet Bunch, CFA

Janet Yeun, CFA, CAIA

Jeffrey Hobbs, CFA

Jim Shilkett

Joel White

John Cappellari, CFA

John Skinner, CFA

John Thomas, CFA

Jon Stoudt, CFA

Jonathan McAdams, CFA

Joshua Greene, CFA

Kathy Chrisman, CFA

Kendall Anderson, CFA

Keith Hughes, CFA

Kendall Anderson, CFA

Keith Hughes, CFA

LaShonda Fuselier, CFA

Maggie Lovatt, CFA

Manoj Madhavan, CFA

Marc Altschull, CFA

Marc Borrelli, CFA

Marilyn Kimball, CFA

Matt Hensel, CFA

Matthew Kern

Michael Rieger, CFA

Mote Andrews, CFA

Natalia Jones, CFA

Nicholas Nottebohm, CFA

Nikhil Killamsetti, CFA

Patrick Coyne, CFA

Pete Osterland, CFA

Polina Denissova, CFA

Powis Forjoe, CFA

Randy Loving, CFA

Rex Macey, CFA

Roger Sheffield, CFA

Sandeep Kakar, CFA

Scott Crenshaw, CFA

Shayne John, CFA

Stephen Futch, CFA

Steve Davenport, CFA

Steve Jacobellis, CFA

Steve Marino, CFA

Tim Daughtry, CFA

Travis Scarbrough, CFA

Trey Cartledge, CFA

Troy Harmon, CFA

Tyson Halse

Vince Baria, CFA

Vrinda Upadhye, CFA

William Annis, CFA

William Aycock III, CFA

William Little, CFA

William Taylor, CFA

Wonda Ferrell

Xiaodong (Arnold) Liu, CFA

Zach Turnage, CFA

Strategic Advisory Committee The Strategic Advisory Committee (SAC) completed its fourth year. Kathleen (Kathy) C. Chrisman, CFA, former President, chaired the SAC. The objective of the SAC continues to be to facilitate discussions between the Society Board of Trustees and local investment community leaders about current trends in the investment industry, activity in the local area, the Society’s value proposition and strategic plan. The SAC also serves as a repository of institutional knowledge for the Society. The SAC had two in-person meetings as listed below:

August 9, 2017 Former Presidents, SAC members and current leadership met to review “State of the Society”, discuss the Strategic Plan and exchange “War Stories”.

March 21, 2018 Discussed and offered recommendations on three operational and strategic topics. Report was presented at the April 19, 2018 Board of Trustees meeting.

Additional events:

• Members of SAC have been invited to serve for another year at their discretion.

• Members of SAC have been invited to attend the ASFIP Leadership Luncheon to take place on August 8, 2018.

• Former President Eli Niepoky, CFA accepted the invitation to join SAC.

• Former President and SAC member Vince Baria, CFA has been appointed Chair of SAC for a two-year term beginning July 1, 2018.

It has been my pleasure to serve as Chair of SAC for the last four years. Kathleen C. Chrisman, CFA

Strategic Advisory Committee Members Kathleen Chrisman, CFA, (Chair), William Annis, CFA, Dean Austin, CFA, Vincent Baria, CFA, Janet Bunch, CFA, George Chen, CFA, Carole Cox, CFA, Anna Craig, CFA, Stephen Davenport, CFA, George Hauptfuhrer, CFA, Aradhana Kejriwal, CFA, (President), David Lee, CFA, Rex Macey, CFA, Dustin Martin, CFA, Thomas Martin, CFA, John Skinner, CFA, Bradford Young, CFA

ASFIP Foundation During 2017-2018 we developed a series of online resources with animations, videos, presentations and links to resources to help people get started. An educated community will improve outcomes all over Georgia and make the state more desirable as a location to locate businesses.

Recent accomplishments:

• Held seminars on campus of Georgia State and put ads in Red & Black • Started Foundation Management education program for local students • Held fundraising events, engaging local companies for sponsorship • Held several volunteer events with Junior Achievement, FBLA, Atlanta Public

Schools • Donated $25,000 to JA, $10,000 to GCEE and $2,000 to My Right Path • Animations viewed over 100,000 times and Foundation mentioned on Twitter over

3 million

Future activities:

• Work with local universities to promote financial literacy (i.e. GSU, KSU, UGA, Agnes Scott)

• Develop Spanish voice over to the animations so we can target another community

• Work with larger literacy organizations as a partner – Georgia Consortium, JA, GCEE

We understand that for any individual or family to be successful, they need a basic understanding of budgeting, banking and credit transactions, and saving and investments. Our societies 1,500 CFA members bring knowledge and experience to the charity. Through grants and volunteer activities, we partner with other nonprofit organizations with similar goals to teach students and adults about financial literacy, creating jobs, and generating wealth and effectively managing it. Through this work, we help our neighbors achieve financial stability and success. Stephen Davenport, CFA

Members Making Events

4355 Cobb Parkway Phone: 678-324-8474 Suite J-533 Email: cathy@asfip.org Atlanta, GA 30339 Website: asfip.org

APPENDIX

Atlanta Society of Finance and I 6:55 AM

Balance Sheet 07/10/2018

As of June 30, 2018 Cash BasisJun 30, 18

ASSETS

Current Assets

Checking/Savings

5th|3rd Business Savings 91,292.61

5th|3rd Business Elite Checking 37,710.81

Petty Cash 100.00

Total Checking/Savings 129,103.42

Accounts ReceivableAccounts Receivable 1,333.33

Total Accounts Receivable 1,333.33

Other Current AssetsPrepaid expenses 5,000.00

Total Other Current Assets 5,000.00

Total Current Assets 135,436.75

Fixed Assets

Original Cost 6,750.00

Equipment 14,614.05

Accum Depreciation -21,364.05

Total Fixed Assets 0.00

Other AssetsInvestment Fund 261,319.65

Total Other Assets 261,319.65TOTAL ASSETS 396,756.40

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Other Current Liabilities

Deferred Revenue - Dues 35,815.00

Accrued expenses 5,558.00

Total Other Current Liabilities 41,373.00

Total Current Liabilities 41,373.00

Total Liabilities 41,373.00

Equity

Opening Bal Equity 158,223.00

Retained Earnings 179,670.79

Unrealized Capital Gains -9,813.80

Net Income 27,303.41

Total Equity 355,383.40TOTAL LIABILITIES & EQUITY 396,756.40

Page 1 of 8

Atlanta Society of Finance and Investment Professionals 6:39 AM

Profit & Loss Budget vs. Actual 07/10/2018

July 2017 through June 2018 Cash Basis

Jul '17 - Jun 18 Budget $ Over Budget % of Budget

Ordinary Income/Expense

Income

Education Income

CFA Review Course 976.06 0.00 976.06 100.0%

Research Challenge Income 10,850.00 10,000.00 850.00 108.5%

Total Education Income 11,826.06 10,000.00 1,826.06 118.26%

CFAI Operational Support

Project Funding 32,000.00

CFAI Operational Support - Other 62,050.00 76,600.00 -14,550.00 81.01%

Total CFAI Operational Support 94,050.00 76,600.00 17,450.00 122.78%

Forecasting Dinner

Future of Finance 15,000.00

Forecasting Dinner Member Fees 6,095.00 6,000.00 95.00 101.58%

Forecasting Dinner Sponsors 68,000.00 80,000.00 -12,000.00 85.0%

Forecasting Dinner Guest Fees 3,250.00 4,000.00 -750.00 81.25%

Total Forecasting Dinner 92,345.00 90,000.00 2,345.00 102.61%

Career ResourcesJob Posting 5,533.20 2,500.00 3,033.20 221.33%

Total Career Resources 5,533.20 2,500.00 3,033.20 221.33%

Member Dues

Student Associate 425.00 500.00 -75.00 85.0%

Participant Associate 3,300.00 5,000.00 -1,700.00 66.0%

Member Dues - Other 141,545.00 134,000.00 7,545.00 105.63%

Total Member Dues 145,270.00 139,500.00 5,770.00 104.14%

Program Fees

Sponsorships 9,333.33 5,000.00 4,333.33 186.67%

Member Fees 8,475.00 8,000.00 475.00 105.94%

Guest Fees 9,060.00 5,000.00 4,060.00 181.2%

Total Program Fees 26,868.33 18,000.00 8,868.33 149.27%

Miscellaneous RevenueASFIP Member Nametag 179.60 0.00 179.60 100.0%

Total Miscellaneous Revenue 179.60 0.00 179.60 100.0%

Total Income 376,072.19 336,600.00 39,472.19 111.73%

Gross Profit 376,072.19 336,600.00 39,472.19 111.73%

Expense

Professional Dues

TBC Membership Dues 2,476.30 2,500.00 -23.70 99.05%

Professional Dues - Other 660.71 0.00 660.71 100.0%

Total Professional Dues 3,137.01 2,500.00 637.01 125.48%

Office Expense

Office Equipment

Software 899.73 250.00 649.73 359.89%

Office Equipment - Other 0.00 1,000.00 -1,000.00 0.0%

Total Office Equipment 899.73 1,250.00 -350.27 71.98%

Corporate Registration 30.00 30.00 0.00 100.0%

Bank Charges

Merchant Fees 3,618.08 4,000.00 -381.92 90.45%

Bank Charges - Other 12.54

Total Bank Charges 3,630.62 4,000.00 -369.38 90.77%

Postage & Delivery 911.84 0.00 911.84 100.0%

Telephone Services 960.00 960.00 0.00 100.0%

Office Supplies

Printing 290.30 0.00 290.30 100.0%

Office Supplies - Other 564.51 2,500.00 -1,935.49 22.58%

Total Office Supplies 854.81 2,500.00 -1,645.19 34.19%

Office Expense - Other 0.00 1,000.00 -1,000.00 0.0%

Total Office Expense 7,287.00 9,740.00 -2,453.00 74.82%

Committee Expense

Committee Meetings

Diversity Task Force 8,773.80 10,000.00 -1,226.20 87.74%

Career Resources 601.28 2,000.00 -1,398.72 30.06%

Volunteer 0.00 0.00 0.00 0.0%

Marketing & PR 857.58

OutreachCorporate 215.18

Total Outreach 215.18

Education 0.00 0.00 0.00 0.0%

Programs 0.00 0.00 0.00 0.0%

SAC 1,100.89 0.00 1,100.89 100.0%

Committee Meetings - Other 0.00 10,000.00 -10,000.00 0.0%

Total Committee Meetings 11,548.73 22,000.00 -10,451.27 52.49%

Technology

Website 1,920.00 2,500.00 -580.00 76.8%

Technology - Other 1,867.46 0.00 1,867.46 100.0%

Total Technology 3,787.46 2,500.00 1,287.46 151.5%

Programs Expense

Future of Finance 60,127.67 10,000.00 50,127.67 601.28%

CFP Credits 350.00 0.00 350.00 100.0%

Social Events 9,261.12 0.00 9,261.12 100.0%

Speaker Fees 13,375.74 0.00 13,375.74 100.0%

Speaker Gifts 104.00 0.00 104.00 100.0%

Audio Visual 3,110.00 0.00 3,110.00 100.0%

Catering 41,143.74 0.00 41,143.74 100.0%

Programs Expense - Other 10.00 70,000.00 -69,990.00 0.01%

Total Programs Expense 127,482.27 80,000.00 47,482.27 159.35%

Education

CFA Review Course 350.00 2,500.00 -2,150.00 14.0%

Research Challenge Expense 12,795.13 10,000.00 2,795.13 127.95%

Conferment Dinner 6,663.09 6,000.00 663.09 111.05%

Education - Other 0.00 0.00 0.00 0.0%

Total Education 19,808.22 18,500.00 1,308.22 107.07%

Total Committee Expense 162,626.68 123,000.00 39,626.68 132.22%

Public Relations

Promo Items 1,604.04 0.00 1,604.04 100.0%

Advertising 11,861.19 0.00 11,861.19 100.0%

Public Relations - Other 2,850.00 25,000.00 -22,150.00 11.4%

Total Public Relations 16,315.23 25,000.00 -8,684.77 65.26%

Forecasting Event Expenses

Forecasting Event A-V 7,486.88 0.00 7,486.88 100.0%

Forecasting Event Catering 57,494.77 0.00 57,494.77 100.0%

Forecasting Event Speaker Fees 0.00 0.00 0.00 0.0%

Forecasting Event Expenses - Other 1,296.62 85,000.00 -83,703.38 1.53%

Total Forecasting Event Expenses 66,278.27 85,000.00 -18,721.73 77.97%

Board of Trustees

OutreachCharitable Contributions 4,558.52 5,140.00 -581.48 88.69%

Total Outreach 4,558.52 5,140.00 -581.48 88.69%

Local Meetings 8,299.97 5,000.00 3,299.97 166.0%

CFAI Conferences 16,180.36 10,000.00 6,180.36 161.8%

Board of Trustees - Other 818.21 0.00 818.21 100.0%

Total Board of Trustees 29,857.06 20,140.00 9,717.06 148.25%

Management Fees 64,140.20 65,000.00 -859.80 98.68%

Accounting Fees 3,955.00 5,000.00 -1,045.00 79.1%

Uncategorized Expenses 0.00 0.00 0.00 0.0%

Miscellaneous Expense 0.00 0.00 0.00 0.0%

Total Expense 353,596.45 335,380.00 18,216.45 105.43%

Net Ordinary Income 22,475.74 1,220.00 21,255.74 1,842.27%

Other Income/Expense

Other Income

Dividend Income 4,724.48 0.00 4,724.48 100.0%

Interest Income 184.32 0.00 184.32 100.0%

Total Other Income 4,908.80 0.00 4,908.80 100.0%

Net Other Income 4,908.80 0.00 4,908.80 100.0%

Net Income 27,384.54 1,220.00 26,164.54 2,244.63%

Atlanta Society of Finance and Investment Professionals 10:28 AM

Profit & Loss Prev Year Comparison 07/11/2018

July 2017 through June 2018 Cash Basis

Jul '17 - Jun 18 Jul '16 - Jun 17 $ Change % Change

Ordinary Income/Expense

Income

Education Income

CFA Review Course 976.06 4,409.07 -3,433.01 -77.86%

Research Challenge Income 10,850.00 9,850.00 1,000.00 10.15%

Total Education Income 11,826.06 14,259.07 -2,433.01 -17.06%

CFAI Operational Support

Project Funding 32,000.00 0.00 32,000.00 100.0%

CFAI Operational Support - Other 62,050.00 76,220.00 -14,170.00 -18.59%

Total CFAI Operational Support 94,050.00 76,220.00 17,830.00 23.39%

Forecasting Dinner

Future of Finance 15,000.00 0.00 15,000.00 100.0%

Forecasting Dinner Member Fees 6,095.00 6,225.00 -130.00 -2.09%

Forecasting Dinner Sponsors 68,000.00 80,000.00 -12,000.00 -15.0%

Forecasting Dinner Guest Fees 3,250.00 3,990.00 -740.00 -18.55%

Total Forecasting Dinner 92,345.00 90,215.00 2,130.00 2.36%

Career ResourcesJob Posting 5,533.20 2,600.00 2,933.20 112.82%

Total Career Resources 5,533.20 2,600.00 2,933.20 112.82%

Member Dues

Student Associate 425.00 630.00 -205.00 -32.54%

Participant Associate 3,300.00 3,400.00 -100.00 -2.94%

Member Dues - Other 141,545.00 136,420.00 5,125.00 3.76%

Total Member Dues 145,270.00 140,450.00 4,820.00 3.43%

Program Fees

Sponsorships 9,333.33 13,083.33 -3,750.00 -28.66%

Member Fees 8,475.00 5,499.99 2,975.01 54.09%

Guest Fees 9,060.00 5,650.00 3,410.00 60.35%

Total Program Fees 26,868.33 24,233.32 2,635.01 10.87%

Miscellaneous RevenueASFIP Member Nametag 179.60 221.85 -42.25 -19.04%

Total Miscellaneous Revenue 179.60 221.85 -42.25 -19.04%

Total Income 376,072.19 348,199.24 27,872.95 8.01%

Gross Profit 376,072.19 348,199.24 27,872.95 8.01%

Expense

Professional Dues

TBC Membership Dues 2,476.30 2,388.38 87.92 3.68%

Professional Dues - Other 660.71 195.00 465.71 238.83%

Total Professional Dues 3,137.01 2,583.38 553.63 21.43%

Office Expense

Office Equipment

Software 899.73 279.87 619.86 221.48%

Office Equipment - Other 0.00 1,056.10 -1,056.10 -100.0%

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Total Office Equipment 899.73 1,335.97 -436.24 -32.65%

Corporate Registration 30.00 30.00 0.00 0.0%

Bank Charges

Merchant Fees 3,618.08 2,856.63 761.45 26.66%

Bank Charges - Other 12.54 0.00 12.54 100.0%

Total Bank Charges 3,630.62 2,856.63 773.99 27.1%

Postage & Delivery 911.84 639.62 272.22 42.56%

Telephone Services 960.00 960.00 0.00 0.0%

Office Supplies

Printing 290.30 146.16 144.14 98.62%

Office Supplies - Other 564.51 75.82 488.69 644.54%

Total Office Supplies 854.81 221.98 632.83 285.08%

Total Office Expense 7,287.00 6,044.20 1,242.80 20.56%

Committee Expense

Committee Meetings

Diversity Task Force 8,773.80 0.00 8,773.80 100.0%

Career Resources 601.28 0.00 601.28 100.0%

Volunteer 0.00 1,781.84 -1,781.84 -100.0%

Marketing & PR 857.58 0.00 857.58 100.0%

Outreach

Corporate 215.18 0.00 215.18 100.0%

Outreach - Other 0.00 -7,000.00 7,000.00 100.0%

Total Outreach 215.18 -7,000.00 7,215.18 103.07%

Education 0.00 431.73 -431.73 -100.0%

Programs 0.00 297.01 -297.01 -100.0%

SAC 1,100.89 1,644.92 -544.03 -33.07%

Total Committee Meetings 11,548.73 -2,844.50 14,393.23 506.0%

Technology

Website 1,920.00 1,800.00 120.00 6.67%

Technology - Other 1,867.46 1,506.16 361.30 23.99%

Total Technology 3,787.46 3,306.16 481.30 14.56%

Programs Expense

Future of Finance 60,127.67 0.00 60,127.67 100.0%

CFP Credits 350.00 510.00 -160.00 -31.37%

Social Events 9,261.12 9,158.88 102.24 1.12%

Speaker Fees 13,375.74 14,272.70 -896.96 -6.28%

Speaker Gifts 104.00 74.43 29.57 39.73%

Audio Visual 3,110.00 6,485.74 -3,375.74 -52.05%

Catering 41,143.74 48,860.65 -7,716.91 -15.79%

Programs Expense - Other 10.00 1,328.37 -1,318.37 -99.25%

Total Programs Expense 127,482.27 80,690.77 46,791.50 57.99%

Education

CFA Review Course 350.00 225.00 125.00 55.56%

Research Challenge Expense 12,795.13 11,392.02 1,403.11 12.32%

Conferment Dinner 6,663.09 7,894.30 -1,231.21 -15.6%

Education - Other 0.00 1,232.83 -1,232.83 -100.0%

Total Education 19,808.22 20,744.15 -935.93 -4.51%

Total Committee Expense 162,626.68 101,896.58 60,730.10 59.6%

Public Relations

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Promo Items 1,604.04 1,568.70 35.34 2.25%

Advertising 11,861.19 31,556.29 -19,695.10 -62.41%

Public Relations - Other 2,850.00 5,107.58 -2,257.58 -44.2%

Total Public Relations 16,315.23 38,232.57 -21,917.34 -57.33%

Forecasting Event Expenses

Forecasting Event A-V 7,486.88 8,587.59 -1,100.71 -12.82%

Forecasting Event Catering 57,494.77 66,507.74 -9,012.97 -13.55%

Forecasting Event Speaker Fees 0.00 15.00 -15.00 -100.0%

Forecasting Event Expenses - Other 1,296.62 18,589.36 -17,292.74 -93.03%

Total Forecasting Event Expenses 66,278.27 93,699.69 -27,421.42 -29.27%

Board of Trustees

OutreachCharitable Contributions 4,558.52 16,554.47 -11,995.95 -72.46%

Total Outreach 4,558.52 16,554.47 -11,995.95 -72.46%

Local Meetings 8,299.97 2,923.40 5,376.57 183.92%

CFAI Conferences 16,180.36 8,441.10 7,739.26 91.69%

Board of Trustees - Other 818.21 1,266.50 -448.29 -35.4%

Total Board of Trustees 29,857.06 29,185.47 671.59 2.3%

Management Fees 64,140.20 62,271.36 1,868.84 3.0%

Accounting Fees 3,955.00 3,798.22 156.78 4.13%

Uncategorized Expenses 0.00 333.33 -333.33 -100.0%

Miscellaneous Expense 0.00 0.00 0.00 0.0%

Total Expense 353,596.45 338,044.80 15,551.65 4.6%

Net Ordinary Income 22,475.74 10,154.44 12,321.30 121.34%

Other Income/Expense

Other Income

Dividend Income 4,724.48 5,475.82 -751.34 -13.72%

Interest Income 184.32 222.10 -37.78 -17.01%

Income Dividends 0.00 -2,102.00 2,102.00 100.0%

Total Other Income 4,908.80 3,595.92 1,312.88 36.51%

Other Expense

Reserve Drawdown

Foundation

ASFIP Contributions 0.00 7,000.00 -7,000.00 -100.0%

Foundation - Other 81.13 0.00 81.13 100.0%

Total Foundation 81.13 7,000.00 -6,918.87 -98.84%

Total Reserve Drawdown 81.13 7,000.00 -6,918.87 -98.84%

Total Other Expense 81.13 7,000.00 -6,918.87 -98.84%

Net Other Income 4,827.67 -3,404.08 8,231.75 241.82%Net Income 27,303.41 6,750.36 20,553.05 304.47%

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