Secretary/Treasurer’s Report

AASHTO Annual Meeting 2011 Detroit, Michigan

October 15, 2011

Secretary/Treasurer’s Report Agenda

Fiscal Year 2011 Financial Status

Fiscal Year 2012 to date

Discussion

Sponsorship Highlights

Special Assessment to Support Reauthorization

Secretary/Treasurer’s Report Highlights from fiscal year 2011 results

The auditors completed field work on September 28, 2011. The preliminary result shows that they will render an unqualified (clean) opinion.

Overall: We ended the fiscal year in the black. We had a net income over expense of $1.95 million in technical services and AASHTOWare programs . The operating account finished the year $22 thousand above estimated income excluding the computer capitalization transfer.

The auditors final report will be available later this year. We will submit the report to the Executive Committee and offer a conference call to discuss details.

Secretary/Treasurer’s Report

The Operating Account

Investment income for the year was $2.76 million, substantially above estimated income budget amount.

The value of investment increased by $3.08 million or 9% percent over the last fiscal year.

Pension liability has decreased: from $12.2 million in FY 2010 to $5. 8 in FY 2011. This substantial change is due to valuation increase for investments and major changes in the pension plan as well as pay changes.

Secretary/Treasurer’s Report

Fiscal Year 2012 to date

The overall position for operations, technical services and AASHTOWare remains well within the budget.

First quarter investment income was $623 thousand on target with the budget, although we have seen a decline in valuation by $2.96 million.

SPONSORSHIP HIGHLIGHTSFY 2010      

Revenue Annual Meeting Spring Meeting Legislative Briefing

Meeting Registration 208,180 133,554 58,925

Trade Fair 150,950    

Sponsorship 256,000 189,500 111,650 Attendees Current average

registration fee Registration fee without

sponsorship Annual Meeting 302 $689 $1,537 Spring Meeting 214 $624 $1,510 Legislative Briefing 137 $430 $1,245

FY 2011      

Revenue Annual Meeting Spring Meeting Legislative Briefing

Meeting Registration 305,614 138,703 70,783Trade Fair 144,600   Sponsorship 314,955 213,426 64,655

Attendees Current average registration fee

Registration fee without sponsorship

Annual Meeting 370 $826 $1,677Spring Meeting 321 $432 $1,097Legislative Briefing 181 $391 $748

Funding at Current Rate

We expect reauthorization to continue for the foreseeable future.

We have a need to continue to finance a series of activities in support of reauthorization.

Continue the dues amount at the same level as the last three years.

Secretary/Treasurer’s Report

Questions?