AAPM Newsletter
January/February 2009 Table 2 - 2008 Comparison of Estimated Revenue & Expense with Budget
2009 Budget First, I want to extend my thanks to the various councils, committees, task groups, and working groups for submitting their budget requests by the appropriate deadlines. The first draft of the 2009 budget contained a deficit of almost $2 million. Therefore, each line item was scrutinized and reviewed extensively by members of the Budget Subcommittee and Council Chairs last October. Along with me, the subcommittee members and attendees included Sherry Connors, Bruce Curran, Robert Dahl, Maryellen Giger, Mike Herman, and Melissa Martin. Angela Keyser (Executive Director) Lisa Rose Sullivan (Director, Meetings and Programs), Lynne Fairobent (Manager, Legislative & Regulatory Affairs), Cecilia Hunter (Director, Finance and Administration) and her staff from the headquarters office made substantial contributions to this effort. We also had substantial participation from the Council Chairs, and from our 2008 President, Jerry White, which made the Subcommittee’s job much easier. I am grateful to all of them for their hard work in putting this budget together. Funding for the two new major initiatives begun last year was continued in the 2009 budget. These projects include a Professional Council/Joint Medical Physics Licensure Subcommittee effort for state licensure for medical physicists in
response to the anticipated passage of the CARE Bill in Congress. The licensure effort required the addition 1.5 FTE to headquarters staff in 2008. In addition to these indirect costs, direct expenses for this effort in 2009 are budgeted at $344,000. The second project, entitled the “2012 Initiative”, is the Association’s response to the ABR’s additional education and training requirements for members to qualify to sit for their certification exam. The 2012 Initiative includes $137,500 to increase support for emerging CAMPEP-accredited residency programs in 2009. The 2009 budget also includes a new two-year project approved by the Board of Directors in November, to hire a professional firm to conduct a formal assessment of medical physics manpower needs and an independent salary survey. The cost of this project in 2009 is $113,550. The 2009 Operating Budget, as approved, reflects a deficit of $1,326,431, which includes projected revenue of $7.5 million and projected expense of $8.8 million. Table 2 shows the complete budget by program area. Figure 2 is a comparison of the actual results from 2007; the estimated actual and budgets for 2008; and approved 2009 budgeted revenue and expenses.
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Graphs of the sources of revenue and expense for 2009 are shown on the following page as Figures 3 and 4. Highlights of the 2009 budget are as follows: Sources of Revenue for 2009 • Membership income is expected to provide $1.5 million, or approximately 20% of anticipated income. • The Placement Service generates just about $300,000, which is 4% of the total. • Our Annual Meeting, scheduled for Anaheim in 2009, is budgeted to generate $2.5 million, and together with a large therapy Summer School will account for approximately 42% of the total. • The publication of our scientific journal, Medical Physics, also provides a significant income stream. In 2009, Journal revenue is expected to total $2.0 million, representing 27% of total revenue. Sources of Major Expenses for 2009 • Requests for project funding from the councils and committees for 2008 include the following: – Education Council -- $843,500, which includes funding for the 2012 Initiative; – Professional Council -- $1.4 million, which includes the licensure effort