TREASURER'S REPORT

摘要

The Covid-19 pandemic presents a unique challenge to ARES and resulted in the cancellation of the 2020 annual meeting. As a result, our annual meeting revenue and membership dues were $109,249 and $48,580 below the budgeted amount, respectively. However, due to the annual meeting’s cancellation, our meeting expenses were $164,216 below our project expenses. To date, the Covid-19 pandemic has had a minimal impact of ARES’ operating budget.