This DPA Treasurer's Report was presented at the DPA Mid-Year meeting held on November 5, 2011. I especially appreciated timely assistance and revisions to this report by Norma Newby, DPA Division Manager. I also appreciated receiving the accounting data from Bryan Haws, CPA and Accounting Manager at AAPG Headquarters.

Table 1 shows the DPA Income and Expense Statement for FY 2011. This data, as of the date of this report, is still unaudited. The yearly audit is underway and it is possible that slight changes to this spreadsheet may occur. The DPA, for fiscal year 2011 is showing an income of $121,866 which is approximately 13% less than the budgeted $140,650. The main reason for the short fall is significantly less than budgeted income from service fees and meetings and conventions. From the expenses side of the yearly figures, DPA is approximately 16% under the budgeted expenses. Certain invoices from the past administration may not be "through the system" and this figure may increase. The 2012 Budget is presented for review as part of Table 1. The budget was approved at the previous DPA board meeting in Houston.

Table 2 is a summary of the DPA Investment Portfolio for the period July 01, 2010 to June 30, 2011 (the previous fiscal year). The fair market value was up approximately $108,000 from its beginning balance of $539,314 to $647,313.

Table 1: DPA Financial Analysis Budget vs. Actual FY 2011 - FY 2012

Table 2: Fair Market Value of DPA Investment Portfolio FY2011