Business Meeting of the American Society of Andrology 1983

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AMER I CAN SOC I ETY OF ANOROlOGY
SECRETARY'S REPORT OF 1HE ANNUAl BUS I NESS MEET It«;
The business meeting at the 8th Annual Meeting of the American
Society of Andrology was cal led to order by President Richard J. Sherlns
at 5:48 P.M. In the Holiday Inn, Independence Mall, PhiladelphIa,
PennsylvanIa. In hIs Introductory remarks, President Sherlns stressed
. the role of the annual business meetIng as a means of InformIng the
membership of SocIety affairs and also as an opportunity for the membership
to bring matters of concern to the officers. The second vital role
of the annual business meeting Is fil ling two positfons on the nomination
commIttee.
The Secretary's report was not read sInce It had been distributed
to the membership following last year's annual meeting. No wrftten
addition or correction had been received.
The Treasurer, Thomas J. LobI, presented his annual report. A
condensed version of this report accompanies the minutes. As of December
31, 1982, the SOCiety had cash assets of $58,086.69 plus an endowment
fund of $5,561.93. Revenues during the past year totaled $78,237.40
and disbursements totaled $54,748.64. However, $14,433.82 in unpaid
bills remafned to be paid in early 1983 when the Invoices were received.
Consequently, for 1982 revenues exceeded disbursements by approximately
$9,055.00. This posItIve balance was due to extraordInary Income
from an earlier collection of annual dues (SII,538.00) and the fall
post-graduate course ($3,100.00). The Treasurer emphasized that our
cash assets are Inadequate si nce most s i mil ar soc leties assume that
their cash assets should be at least twIce annual expenditures. Recru­itment
of new members and sustaining members will help Insure the
solvency of our Society. The Treasurer expressed the gratItude of
the SOCiety to IndIvIduals makIng donations to our endowment fund
during 1982. Member Don Eward previously initiated an endowment fund
currently totaling $2,000.00, to support an annual student award.
Member James Nelson initiated an endowment fund with the objective
of supporting a princfpal speaker at our annual meeting. Knol I Pharma­ceutical
and several members of the SocIety have contri~uted to a
general endowment fund. It is antICipated that these endowment funds
will grow In future years.
Marie-Claire Orgebln-Crist presented the report of the nominating
committee. Nominations were received from 53 members for Vice-President,
Secretary or Council Member. Bal lots were mailed to the membership
on January 20, 1983 and 241 bal lots were returned. Results of the
election were: