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Although reasons for growth are identified in the SAR narrative summary, there is no clear audit trail back to the root cause(s) of these increases. A narrative summary of results was distributed to the Board of Directors in connection with the Midyear Conference; it contains key results as well as selected comparisons to important segments of membership, and, additionally, comparisons to the 2002 results where pertinent. Along with the financial report, you'll often get a written report from management that includes a narrative summary of financial results for the period and an analysis of what the results indicate for the association in the near future. |
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