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Treasurer's Report

FY 2005/2006 Audited Results

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In the fiscal year 2005-06 AAPG experienced significant financial gain.
500,000+ in operational income.

Our portfolio earned another million

And because of restructuring of the pension plan fund, we gained another 650,000 for a total of almost 2.26 million.

In the fiscal year 2004-2005, AAPG ran an operational deficit of almost $1 MM, primarily due to a pension expense of about $700,000.
Meanwhile, the investment portfolio grew by over $ .6 MM, regaining more of the ground it lost in the stock market downturn a few years before. Thus, for the year, AAPG as a whole, grew by 334,000 k dollars.