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