2007 Financial Statement

January - December 2007             

Beginning Balance:          

  Checking Account                                   $  31,870.10
  CDs                                                         $  31,603.69
Total Fund Balance:                                  $  63,473.79
Liabilities (941 taxes 2006):                      $       393.00
Total Assets:                                           $  63,080.79  
          

Income:              
  Memberships:                                          $  44,928.00
  List Rentals:                                             $       950.00
  Interest:                                                    $    1,683.72
  Conference                                              $  58,276.28
  Sponsorship Auth. Reception                  $       300.00
  Awards Donations                                    $    5,288.00
  Miscellaneous                                          $         26.00
Total Income:                                           $111,452.00
              
Expenses:              
  Salary Managing Director                        $  25,410.00 
  ASLE share SS/Medicare                        $    1,618.29
  Postage                                                   $    3,540.58
  Printing/Copying                                      $    3,455.99
  Online Bibliography Annual fee               $       552.00
  CC Banking Fees                                    $    1,322.90
  Supplies                                                  $       770.57
  Phone/Fax                                               $       118.98
  Travel                                                      $    1,493.35
  Expenses 2007 Conference                    $  34,268.13
  Book & Paper Awards                              $    1,200.00        
  Member Survey/Website work                 $       159.66
  ISLE Editor Stipends/Annual Subsidy      $    8,400.00
  Marketing (AWP)                                     $       350.00
Total Expenses:                                      $  82,660.45
              
Total Income (Loss):                               $  28,791.55

Fund Transfers (to CD)                             $  15,000.00
              
Ending Balance:               
  Checking                                                 $  44,920.81
  CDs (2)                                                   $  48,199.52 
Total Fund Balances:                                $  93,120.33
Total Liabilities (941 taxes):                       $    1,248.00
Net Assets:                                              $  91,872.33