INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION, INC. Schedule of Revenues and Expenses - Budget to Actual For the Year Ended December 31, 2013 Budget (Unaudited) Revenues and gains Certification Meetings and conferences Membership Education Other income Total revenues and gains $ Actual 2,342,309 $ 4,676,838 3,346,262 355,000 10,720,409 2,470,446 $ 4,707,101 3,496,695 606,798 10 11,281,050 Variance 128,137 30,263 150,433 251,798 10 560,641 Expenses Program services Certification Meetings and conferences Education Membership Total program services 2,633,402 3,610,829 825,049 2,675,431 9,744,711 2,720,352 3,448,712 825,624 2,505,165 9,499,853 86,950 (162,117) 575 (170,266) (244,858) Supporting services Management and general Total expenses 1,431,176 11,175,887 1,413,808 10,913,661 (17,368) (262,226) Change in net assets before investment income (455,478) Change in net assets $ 822,867 131,000 Investment income 367,389 662,601 531,601 (324,478) 1,029,990 $ Net assets at beginning of year 11,721,294 $ Net assets at end of year - 16 - 12,751,284 1,354,468 .