CLTA Yearly Report - Fiscal Year 2005-2006

CLTA Revenue - Sept. 2005 - Aug. 31, 2006

Annual Conference
137,295
Interest
1,309
Membership Dues
61,010
Miscellaneous
8,663
Scholarship Donations
3,673
Summer Seminar
47,090
TOTAL
$ 259,040

CLTA Expenses - Sept. 1, 2005 - Aug. 31, 2006

Accounting Fees
545
Compensation of Officers (Executive Director & Membership Chair)
21,042
Conference/Meetings/Summer Seminar
131,776
Dues Payments to Affiliates
21,726
Equipment
2,403
Grants/Scholarships
6,332
Honoraria (Advocate, Conference Coordinator, Conference Exhibit Chair, Conference Program Chair, Conference Registrar/Treasurer, Newsletter Editor, Secretary, Web Master
26,849
Insurance
3,003
Payroll Taxes
5,655
Postage
1,788
Printing/Publications
2,880
Professional Dues (JNCL, ACTFL)
1,500
Supplies
2,671
Telephone
1,174
Travel Expenses to Board Meetings
24,525
TOTAL
$253,869

Net assets at beginning of year (Sept. 1, 2005) - $264,097

Net assets at close of year (Aug. 31, 2006) - $269,268

CLTA ASSETS AT CLOSE OF FISCAL YEAR 2005 - 2006

Cash (checking acct. balance)
(Operating donations = $1964)
(2003 Conf. donations = $8,555)
(Mem. Scholarship = $1,156)
$172,160.26
CFLP (California Foreign Language Project)
2,211.33
Summer Seminar
(Student Strand Donation = $385)
(Jean Schroeder Endowment - $115)
19,664.82
Certificates of Deposit:
$20,000 (Memorial Scholarship)
Term length: 5 months
Interest rate: 4.16% (APY = 4.25%)
Maturity/Renewal date: 11/20/06
21,660.87
$30,000
Term length: 5 months
Interest rate: 4.26% (APY = 4.35%)
Maturity/Renewal date: 11/20/06
32,597.33
Sidney Gorman Endowment Savings Account
Interest rate: .50%
20,973,84
TOTAL ASSETS
$266,268.45