CLTA Yearly Report – Fiscal Year 2006-2007

CLTA REVENUE – Sept. 1, 2006 – Aug. 31, 2007

Annual Conference

145,860

Interest

2,425

Membership Dues

62,274

Miscellaneous (Advertising & Jamboree)

5,975

Scholarship Donations

1,080

Summer Seminar

0

TOTAL

$ 217,614

 CLTA EXPENSES – Sept. 1, 2006 – Aug. 31, 2007 

Accounting Fees

794

Compensation of Officers (Executive Director & Membership Chair

24,500

Conference/Meetings/Summer Seminar

107,377

Dues Payments to Affiliates

11,829

Equipment

1,119

Grants/Scholarships

5,908

Honoraria (Advocate, Conference Coordinator, Conference Exhibit Chair, Conference Program Chair, Conference Registrar/Treasurer, Newsletter Editor, Secretary, Web Master

26,899

Insurance

3,002

Payroll Taxes

2,120

Postage

1,860

Printing/Publications

1,415

Professional Dues (JNCL, ACTFL)

1,800

Supplies

5,549

Telephone

1,593

Travel Expenses to Board Meetings

20,256

TOTAL

$ 216,021

 

  Net assets at beginning of year (Sept. 1, 2006)    $ 269,268

  Net assets at close of year (Aug. 31, 2007)           $ 270,861

 

CLTA ASSETS AT CLOSE OF FISCAL YEAR 2006 – 2007
 

Cash (checking acct. balance):                          $  170,186.71

(Mem. Scholarship = $690)

(Advocacy = $50)

CFLP (California Foreign Language Project)                6,735.77

Summer Seminar                                                  23,590.14

(Student Strand Donation = $560)

(Jean Schroeder Endowment – $215)

  Certificates of Deposit:

$20,000 (Memorial Scholarship)

Term length:  11 months

Interest rate:  4.41% (APY = 4.51%)

 Maturity/Renewal date:  10/29/07              23,590.14

$30,000

Term length:  8 months

Interest rate:  4.88% (APY = 5.0%)

Maturity/Renewal date:  03/27/08               35,080.80

Sidney Gorman Endowment Savings Account

Interest rate:  .20%                                     20,604.08

   TOTAL ASSETS                  $  270,861.15