Conference Program - CASE

A N N U A LR E P O R TTREASURER’S REPORTFiscal Year 2006-07 Annual MeetingChicago Sheraton Hotel and Towers • December 9, 2007CASE District V continues to operate with a philosophy of responsiblefiscal management and the goal of maintaining a strong financialposition. CASE V ended the 2006-2007 fiscal year with assetstotaling $834,966, a 27.8% increase over the previous fiscal year.CASE V posted a net gain of $182,130 for the year. The improvedfinancial position of CASE V can be directly attributed to revenueincreases of $62,491 and expense reductions of $56,809 for the yearas well as an improved investment portfolio.During the past fiscal year, CASE V’s checking and savings weretransitioned from National City Bank to Citibank. Short-terminvestments in two Certificates of Deposit were transitioned uponmaturity to Chase Bank, Chicago from Old National Bank.CASE V’s long-term investments are part of a pooled investment fundwith other CASE Districts that is managed by Fund Evaluation Group,located in Cincinnati, through CASE Headquarters in Washington, D.C.The investment policy for these funds is determined by the CASEDistrict Chairs Council. CASE Headquarters files all required IRSreports and oversees an annual audit of all council funds.I would like to thank the members of the Financial Review Committeeof the Board of Directors for their work in reviewing District V’s fiscalpolicy and financial statements throughout the year. Their assistanceis invaluable in maintaining District V’s sound fiscal position.CASE District VFINANCIAL SUMMARY7-1-06 thru 06-30-07AssetsCheckingNat City Checking $40,172.27InvestmentsOld National Bank CD $.00District Investment Fund $608,997.00Nat City Savings $81,847.24CD #2 Old National Bank $103,716.30Prepaid expenses $233.85TOTAL ASSETS $834,966.66LiabilitiesCurrent LiabilitiesDeferred Revenue $14,050.00TOTAL CURRENT LIABILITIES $14,050.00EquityMembers’ EquityFund Balance $644,197.21Current Income $176,719.45TOTAL LIABILITIES & EQUITY $820,916.66Shown on this page are the CASE District V Financial Summary andFund Balance for July 1, 2006 through June 30, 2007. Financialstatements for the 2006-2007 fiscal year are available for review atthe Hospitality Desk, throughout the conference.Respectfully submitted,Caryn A. Schultz KormanCASE V TreasurerCASE District V FINANCIAL SUMMARYJuly 1, 2006 – June 30, 2007REVENUEConference Registration Fees $305,051.00Pre-Conference Registration Fees $19,000.00Exhibitor/Consultant Registration Fees $75,110.00Sponsorships $30,921.06Restricted Sponsorships $8,278.94Program Ads $10,000.00Special Event Fees $11,450.00Pride of CASE V Awards Entry Fees $18,810.00Mini-Conference Program $2,200.00Miscellaneous $9,396.56Interest Earnings $35,445.07Investment Gains/Losses $61,353.00TOTAL REVENUE $587,015.63EXPENSESConference Related ExpensesConference Planning and Operations $59,022.84Registration Expense $6,508.66Food & Beverage (Breaks, Breakfasts, Banquet) $97,834.86Other Special Events $9,652.83Announcements & Programs $16,206.08Track Programming $9,620.24Pre-Conference Workshops $4,845.34Newcomer’s Fellowship $3,200.00Exhibitors/Consultants $24,383.78On-Site Operations $84,120.85Open & Close $28,778.38Credit Card Fees $5,618.72Total Conference Related Expenses $349,792.58District Operating ExpensesDistrict Planning & Operations $32,941.77Financial Review Committee $2,312.81Communications/Operations Committee $9,344.60Professional Development Committee $10,331.00Awards & Recognition Committee $4,978.94CASE National Expenses $594.48Total District Operating Expenses $60,503.60TOTAL EXPENDITURES $410,296.18EXCESS REVENUE OVER EXPENDITURES $176,719.452007 CASE V Conference 28 www.casefive.org