| Shown below is the Treasurer’s
report for ABLE’s most recent fiscal year, as presented at the
annual business meeting during this past summer’s Conference/Workshop
at Virginia Tech, Blacksburg, Virginia. The Association’s financial
condition remains favorable, with adequate cash liquidity in the checking
account supported by healthy reserves consisting of CD accounts with
staggered maturity dates.
FINANCIAL STATEMENT SUMMARY
June 01, 2004 – May 31, 2005
| CHECKING ACCOUNT BALANCE, June 1, 2004 (Branch Banking
and Trust, Durham, NC): |
$11,999.93 |
| Current Year Credits/Income |
$13,960.56 |
| Current Year Debits/Expenditures |
$14,830.80 |
| CHECKING ACCOUNT BALANCE, May 31, 2005 |
$11,129.69 |
| TOTAL CD BALANCE, June 1, 2004 |
$23,046.71 |
| CERTIFICATES OF DEPOSIT (BB&T), May 31, 2005
|
|
| |
Number |
Interest Rate |
Maturity Date |
Amount |
|
| |
5811675220 |
1.54% |
10/20/05 |
$5,404.15 |
|
| |
5811675239 |
1.29% |
08/20/05 |
$5,476.45 |
|
| |
5811675662 |
1.54% |
01/30/06 |
$2,202.69 |
|
| |
5813523010 |
1.09% |
06/04/05 |
$5,458.82 |
|
| |
5813766215 |
1.09% |
06/09/05 |
$2,675.77 |
|
| |
5811961762 |
0.75% |
11/30/05 |
$2,150.13 |
|
| TOTAL CD BALANCE, February 15, 2005: |
|
$23,368.01 |
| TOTAL ASSETS, JUNE 01, 2004 |
$35,046.64 |
| TOTAL ASSETS, May 31, 2005 |
$34,497.70 |
Prepared MAY 31, 2005
Respectfully submitted,
ALEXANDER F. MOTTEN, Treasurer, ABLE
Department of Biology
Box 90338
Duke University
Durham, NC 27708-0338
(919) 684-2301
afmotten@duke.edu
|
