COLORADO SPRINGS – The American Numismatic Association Board of Governors has approved a balanced operating budget for the 2010 fiscal year (November 1, 2009 to October 31, 2010), signaling the continued financial turnaround in fiscal performance for the Association.

This marks the second consecutive balanced budget submitted to the Board and the third straight fiscal year in which the Association has achieved its projected operating costs, not including certain legal expenses. The previous budget was approved by the Board in March 2009 for the April 1 – March 31 fiscal year; the Board has since changed the fiscal year to begin November 1, to better reflect the Association’s annual operational cycle.

The approved budget, announced during the Board’s October 13 open session in Colorado Springs, proposes $5,159,499 in revenues and expenses of $5,128,453 with a net income of $31,046. This figure includes a $235,000 revenue transfer from investments that will be used to cover anticipated costs of legal services, expenses and settlements.

“The ANA’s Board of Governors, executive team and staff have worked tirelessly to strengthen the Association’s financial position in the past two years,” said ANA Executive Director Larry Shepherd. “We have made remarkable progress while refocusing the ANA’s mission on improving members’ services and benefits, expanding educational opportunities and enhancing the quality and functionality of our annual conventions.”

Shepherd noted that members are now offered two tiers of membership with new benefits for subscription discounts to print and digital numismatic publications. Beginning later this month, several new benefit options will be offered for major medical, dental, disability, longterm care, life, auto and homeowners insurance. Last year’s Summer Seminar featured several new courses and instructors while giving students more scheduling choices.
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