Change to Quarterly Financial Report Form for January-March 2010 Reports

An important change to the Quarterly Financial Report takes effect with reports for the January-March 2010 Quarter (due April 15th). The Association is trying to get more complete information on the amount of money AFA and its chapters contribute to education activities so that we can better document the extent of our support for the education portion of our mission.

To make this as easy as possible, the "expense" section of the QFR has been divided into two areas -- one for education and one for all others. Chapters and states are encouraged to use the new form (available on the AFA website at http://www.afa.org/members/library.asp under "Forms") for their October-December 2009 reports to gain experience with the modified format, but it is not required until the January-March 2010 reports. The new form includes guidelines explaining what are typically considered educational expenses.

Region and State Presidents were briefed on this procedure during their meeting in October of 2009 and will be enforcing use of the new form beginning with the January-March 2010 reports.

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