2008 Financial Statement

January - December 2008

Beginning Balance:

Checking Account                                       $44,920.81
CDs                                                             $48,156.94
Total Assets:                                             $93,077.75

Income:
Memberships                                               $55,883.51
List Rentals                                                  $    575.00
Interest (Checking + CDs)                           $  1,284.80
Donations:                                                   $  5,593.00
Total Income:                                             $63,336.31

Expenses:
Salary Managing Director                            $27,995.29
ASLE share SS/Medicare                            $  2,460.59
Postage                                                       $  2,373.76
Printing/Copying                                          $  1,256.82
Online Bibliography hosting fee                   $     552.00
Conference 2009                                         $    169.73
Credit Card/ Banking Fees                          $  1,458.29
Supplies                                                       $     501.92
Phone/Internet/Fax                                      $     415.00
Website Development                                  $  9,343.19
EC Annual Meeting/ Prof Dev                      $  2,307.66
ISLE Contributions                                       $  8,300.00
Tax Filing Software Fees                             $       25.00
Total Expenses:                                        $57,159.25

Total Income (Loss) in 2008:                    $  6,177.06
Fund Transfers (open awards CD)              $  4,521.00

End of Year Assets:
Checking Acct.                                            $45,378.80
General Fund CDs (2)                                $49,355.01
Book/Paper Awards CD                              $  4,521.00
Total Assets:                                             $99,254.81