CLTA Yearly Report - Fiscal Year 2004-2005

CLTA Revenue - Sept. 2004 - Aug. 31, 2005

Annual Conference
164,151
Interest
1,005
Membership Dues
40,878
Miscellaneous
0
Scholarship Donations
10,925
Summer Seminar
24,346
TOTAL
$ 241,305

CLTA Expenses - Sept. 1, 2004 - Aug. 31, 2005

Accounting Fees
690
Compensation of Officers (Executive Director & Membership Chair)
20,927
Conference/Meetings/Summer Seminar
130,919
Dues Payments to Affiliates
12,454
Equipment
717
Grants/Scholarships
7,675
Honoraria (Advocate, Conference Coordinator, Conference Exhibit Chair, Conference Program Chair, Conference Registrar/Treasurer, Newsletter Editor, Secretary, Web Master
30,559
Insurance
3,223
Payroll Taxes
5,371
Postage
2,215
Printing/Publications
3,303
Professional Dues (JNCL, ACTFL)
1,900
Supplies
3,196
Telephone
968
Travel Expenses to Board Meetings
23,141
TOTAL
$247, 258

Net assets at beginning of year (Sept. 1, 2004) - $270,050

Net assets at close of year (Aug. 31, 2005) - $264,097

CLTA ASSETS AT CLOSE OF FISCAL YEAR 2004 - 2005

Cash (checking acct. balance)
(Operating donations = $265)
(2003 Conf. donations = $8,555)
(Mem. Scholarship = $790.75)
$166,807.34
CFLP (California Foreign Language Project)
13,681.89
Summer Seminar
(Student Strand Donation = $2,545)
(Jean Schroeder Endowment - $55)
9,817.36
Certificates of Deposit:
$20,000 (Memorial Scholarship)
Term length: 9 months
Interest rate: 2.23%
Maturity/Renewal date: 9/21/05
21,182.70
$30,000
Term length: 9 months
Interest rate: 2.23%
Maturity/Renewal date: 9/21/05
31,871.02
Sidney Gorman Endowment Savings Account
Interest rate: .50%
20,736.47
TOTAL ASSETS
$264,096.78