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ANNUAL REPORT FOR 2005-2006
EXPLANATORY MATTER
In this fiscal year the club’s financial health was
exceptionally vigorous. Event
expenditures and receipts remained roughly in balance. Owing in large part to the club’s interactive
website, membership continued high, and dues receipts financed a strong
management infrastructure. Expenses on
newsletter, secretary and the annual dues mailing were comparable to those in
prior years. Installation and running costs of the new website were more than
justified by increased attendance at events and greater membership
receipts. The club’s scholarship
endowment increased to $142,679.46 from $113,889 a year earlier, thanks to our
record-breaking fund-raising success and rising values for our
investments. We doubled to two the
number of $4,000 CCLA scholarships awarded from our endowment, making an $8,000
donation to Cornell. Our three Tradition
scholarship awards of
$4,000 each were funded from donations to the University in
the 1980s-1990s.
ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2006
Assets
Treasury
Alliance……………$ 18,764.59 vs. 30/06/05....$ 16,265.30
Vanguard xxx986….... 5,284.71 vs.
………….. .$ 9,376.79
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Total Treasury…….$ 24,049.30 vs.
…....……....$ 25,642.09
Endowment……….$144,235.34 vs.
……….....…$113,889.47
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Total Assets……...$168,284.64 vs. ……..........$139,531.56
Liabilities none vs
30/06/2005…..none
Revenue
$47,830.74, of which $21,407.50 restricted to scholarships
Expenses or disbursements
$45,150.80, of which $8,000 disbursed for scholarships
This
statement was prepared without audit from CCLA records. It is being distributed to directors at the
board meeting on Sept. 19, 2006.
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