CLTA Yearly Report – Fiscal Year 2007-2008

CLTA REVENUE – Sept. 1, 2007 – Aug. 31, 2008 

Annual Conference

133,063

Interest

2,475

Membership Dues

56,117

Miscellaneous (Advertising, Donation to general fund, reimbursed expenses)

2,871

Scholarship Donations

3,988

TOTAL

$ 198,514

 CLTA EXPENSES – Sept. 1, 2007 – Aug. 31, 2008
Accounting Fees

485

Compensation of Officers (Executive Director, Membership Chair, Treasurer)

31,200

Conference/Meetings

87,763

Dues Payments to Affiliates

12,913

Equipment

1,612

Grants/Scholarships

5,300

Honoraria (Advocate, Conference Coordinator, Conference Exhibit Chair, Conference Program Chair, Newsletter Editor, Secretary, Web Master)

27,354

Insurance

2,812

Payroll Taxes

1,455

Postage

1,306

Printing/Publications

12,034

Professional Dues (JNCL, ACTFL)

1,700

Supplies

2,319

Telephone

1,007

Travel Expenses to Board Meetings

18,299

TOTAL

$ 194,781

 
Net assets at beginning of year (Sept. 1, 2007)     $ 270,861
Net assets at close of year (Aug. 31, 2008)            $ 261,681
 
 
CLTA ASSETS AT CLOSE OF FISCAL YEAR 2007 – 2008
 
 
Cash (checking acct. balance):                         $   160,933.32
            (Mem. Scholarship = $684)
                  (Advocacy = $50)
 
CFLP (California Foreign Language Project)             2,790.80
 
Summer Seminar                                                14,803.65
            (Student Strand Donation = $560)
                  (Jean Schroeder Endowment – $415)
 
Certificates of Deposit:
 
            $20,000 (Memorial Scholarship)
            Term length:  7 months
            Interest rate:  3.15% (APY = 3.20%)
            Maturity/Renewal date:  03/04/09             24,687.27
 
            $30,000
            Term length:  8 months
            Interest rate:  1.64% (APY = 1.68%)
            Maturity/Renewal date:  11/28/08             36,414.28            
 
Sidney Gorman Endowment Savings Account
            Interest rate:  .20%                                 22,051.05
 
 
                                    TOTAL ASSETS            $261,680.37