CLTA Yearly Report – Fiscal Year 2008-2009

CLTA REVENUE – Sept. 1, 2008 – Aug. 31, 2009 

Annual Conference

124,202
Interest

1,550
Membership Dues

59,712
Miscellaneous (Advertising, Donation to general fund, reimbursed expenses)

14,798
Scholarship Donations

7,595
 

TOTAL

$ 207,857
 CLTA EXPENSES – Sept. 1, 2008 – Aug. 31, 2009
Accounting Fees

670
Compensation of Officers (Executive Director, Membership Chair, Treasurer)

31,200
Conference/Meetings

85,279
Dues Payments to Affiliates

12,605
Information Technology

668
Grants/Scholarships

7,975
Honoraria (Advocate, Conference Coordinator, Conference Exhibit Chair, Conference Program Chair, Newsletter Editor, Secretary, Web Master)

27,974
Insurance

2,812
Payroll Taxes

2,634
Postage

1,306
Printing/Publications

17,131
Professional Dues (JNCL, ACTFL)

2,000
Office Expenses

2,999
Travel Expenses

26,542
 

TOTAL

$ 221,795
 
Net assets at beginning of year (Sept. 1, 2008)     $ 261,681
Net assets at close of year (Aug. 31, 2009)            $ 247,743
 
CLTA ASSETS AT CLOSE OF FISCAL YEAR 2008 – 2009
 
Cash (checking acct. balance):                         $   133,402.00
            (Mem. Scholarship = $2,629.00)
                  (Advocacy = $50)
                  (Operation = $100)
CFLP (California Foreign Language Project)             14,820.86
Summer Seminar                                                 14,803.65
            (Student Strand Donation = $560)
                  (Jean Schroeder Endowment – $415)
Certificates of Deposit:

 

            $20,000 (Memorial Scholarship)
            Term length:  9 months
            Interest rate:  1.39% (APY = 1.40%)
            Maturity/Renewal date:  01/29/10               25,045.22

 

            $30,000
            Term length:  7 months
            Interest rate:  1.09% (APY = 1.10%)
            Maturity/Renewal date:  01/29/10              37,135.76

 

            $20,00 (Sidney Gorman Endowment)
            Term length: 7 months
            Interest rate: 1.14% (APY = 1.15%)
            Maturity/renewal date: 01/04/10                20,447.95             

 

Sidney Gorman Endowment Savings Account
            Interest rate:  .10%                                  2,087.19
 
                                    TOTAL ASSETS              $247,742.63