Strong Stewardship

Fiscal year 2010 was a solid financial year for the Society. Although revenues from traditional sources were down in fiscal 2010, the Society was able to earn $735,000 from ASCE’s operating activities, $502,000 from its affiliates and $1.8 million from its long-term investment portfolio. Tight management of expenses allowed us to maintain a positive result from operations and the turn-around in the investment markets provided positive investment returns. The Society continues to maintain its strong financial condition with $66.3 million in assets, $19.5 million in liabilities and net assets of $46.8 million.