2015-2016
MILESTONES
FINANCE
Where We Stand: 2015 Financial Statements
Consolidated Statements of Financial Position
Year Ended June 30, 2015
Consolidated Statements of Activities
Year Ended June 30, 2015
ASSETS
REVENUE
Cash & cash equivalents
Accounts receivable
Forms inventory
Prepaid Expenses
Other Assets
Investments
Property & Equipment
$
$
$
$
$
$
$
1,093,586
751,487
14,575
87,452
12,180
1,045,008
42,762
Total Assets
$
3,047,050
LIABILITIES AND NET ASSETS
Liabilities
Accounts Payable
Accrued Liabilities
Deferred Revenue
Deferred lease obligation
Deferred lease incentive
$
$
$
$
$
90,402
112,041
1,690,490
17,490
0
Total Liabilities
$
1,910,423
Unrestricted
$
Unrestricted – designated $
430,448
706,179
Net Assets
Events & Functions
Membership
Publications & Advertising
Gov’t Affairs / Alliance
Education
Member Services
Management Fees
Other income
Investment income
$
$
$
$
$
$
$
$
$
923,310
1,069,192
202,797
133,898
190,922
82,600
169,500
17,519
23,084
Total Revenue
$ 2,798,822
EXPENSES
Personnel (AAMD & CAA)
Events & Functions
Office operations
Membership
Publications & Advertising
Gov’t Affairs / Alliance
Education
Member Services
Professional Services
Governance
$
$
$
$
$
$
$
$
$
$
1,022,852
509,883
266,097
343,633
94,712
151,976
88,976
66,589
73,461
23,442
Total Expenses
$ 2,641,621
$
1,136,627
Change in Net Assets
$
Total Liabilities & Net Assets $
3,047,050
Net Assets at start of year
Net Assets at end of year
$
979,426
$ 1,136,627
Total Net Assets
157,201
GOVERNMENT AFFAIRS
AAMD Continues to
Fight for the Industry
Through strategic endeavors and persistent
negotiations to combat proposed adverse
legislative measures, the Association's
Government Affairs team prevailed, saving the
multifamily industry millions of dollars in the
following ways:
»» Lessened the financial and administrative
impacts, with guidance and direction from
the Joint Legislative Advisory Council,
on select bills from over 600 legislative
proposals this past year at the State Capitol
and on several adverse measures on the
local government level.
»» Conducted research to create strong talking
points, orchestrated action with contract lobby
teams, pursued legal options though various
counsel, and strategized on communications
with our public relations firm and public
relations committee. Additionally, this year
the Government Affairs staff participated in
over 1000 meetings with elected officials and
community leaders to educ