|President's Column 5/17/06|
THIS CHANGE WILL AFFECT YOU!
As you know, the ACPM membership year has been September 1 to August 31 while our fiscal year is now January 1 to December 31. Based on the strong recommendations of both the Membership and Finance Committees, the Board recently voted to align the membership year with the fiscal year, beginning in 2008. This change will greatly simplify, improve, and clarify our financial management and reporting processes.In addition, this change will facilitate potential partnership agreements since many other organizations operate on a calendar fiscal/membership year. Strategic partnerships comprise a critical tool for growth of the College.
Under this administrative realignment, the 2006/2007-membership year will be a transitional, 16-month membership year, beginning September 1, 2006 and ending December 31, 2007. To implement this change, the next round of dues invoices will need to reflect the four-month increase. The invoices will be as follows:
Medical student rates would not be affected, as these dues are a one-time payment of $25 for the full term of the student. The membership year beginning 1/1/08 will return ACPM members to a 12-month membership year ending 12/31/08.
While I recognize this change poses an additional financial burden in the short-term, this is a vitally important administrative change for the College and I hope that you will get fully behind it. An installment plan will be an option for members who pay dues with a credit card that will be automatically charged for the second payment at six months. If you have any questions about the change, please contact Jennifer Edwards, Director of Member Services and Development, at jedwards@ACPM.org.