2021-09-22 OMA Agenda - Board of Trustees

OBESITY MEDICINE ASSOCIATION Notes To Consolidated Financial Statements (Continued)

Investments consist of the following at December 31, 2020:

Cost

Market

Money market funds Equity securities Corporate bonds U.S. Treasury notes

$

261,457 2,087,556 663,471 253,611 1,166,155 619,648

$

261,457 2,453,266 716,221 257,787 1,192,056 687,192

Government agency bonds

Other investments

5,051,898 $

5,567,979 $

For the year ended December 31, 2020, investment return consists of the following: Other net investment income 151,016 $ Net unrealized/realized gain on investments 349,214 Total Investment Return 500,230 $ The Financial Accounting Standards Board Accounting Standards Codification topic, Fair Value Measurements , defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This topic also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Organizations have the ability to access.

Level 2

Inputs to the valuation methodology include:  Quoted prices for similar assets or liabilities in active markets  Quoted prices for identical or similar assets or liabilities in inactive markets  Inputs other than quoted prices that are observable for the asset or liability

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