CLTA YEARLY REPORT – FISCAL YEAR 2008-2008

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