The AVMA Executive Board is sending the House of Delegates a balanced budget for fiscal 2010. Restricting new spending, reducing travel, and cutting costs in several AVMA divisions and programs resulted in a $28.6 million budget with a projected $90,049 surplus for 2010.
The budget approved by the board at its April 2-3 meeting projects $748,822 less in expenses than in the 2009 budget, which is now projected to run a $1.3 million deficit. Although investment income is down 9.4 percent so far in 2009 and ad revenue will be at least $500,000 less than expected this year, the Association has $21 million in reserves.
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