As the end of the fiscal year approaches for many groups, association leaders are forging ahead with finalizing budgets and cash flow projections for 2021. Three chief executives interviewed by CEO Update said they hope to find new revenue sources and avoid tapping reserves or making cuts. “What are the new opportunities that this is going to create?" said Ken Slaw, executive director of the Society for Vascular Surgery.
Rebalancing is important as drawing from short-term reserves changes your risk profile: Fewer safe assets means the riskier assets make up a bigger portion of reserves.