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October 2011
Treasurer's Report
ABLE FINANCIAL STATEMENT SUMMARY FOR FISCAL YEAR JULY 1, 2010 – JUNE 30, 2011
CHECKING ACCOUNT BALANCE, July 1, 2010: $8,402.69
Branch Banking & Trust (BB&T), Durham, NC
| Income & Credits | $24,374.28 |
| Certificates of Deposits cashed | $0.00 |
| Debits/Expenditures | ($22,524.74) |
CHECKING ACCOUNT BALANCE,JUNE 30, 2011: $10,252.23*
TOTAL CD BALANCE, July 1, 2010: $44,306.72
CERTIFICATES OF DEPOSIT (BB&T), June 30, 2010
| Maturity Date | Amount |
| 01/30/2012 | $ 2,931.08 |
| 02/20/2012 | $ 6,239.25 |
| 04/30/2012 | $ 2,500.14 |
| 11/30/2011 | $ 2,353.89 |
| 03/12/2012 | $5,072.17 |
| 03/12/2012 | $5,072.17 |
| 06/12/2012 | $ 5,075.48 |
| 06/12/2012 | $ 5,075.48 |
| 06/12/2012 | $ 5,075.48 |
| 03/12/2012 | $ 5,072.17 |
TOTAL CD BALANCE, JUNE 30, 2011: $44,467.31
TOTAL ASSETS, JULY 1, 2010: $52,709.41
TOTAL ASSETS, JUNE 30, 2011: $54,558.95
*includes balance in ABLE Memorial Fund (current fund balance on 6/30/2011 = $220.00)
Notes and remarks:
- The reserve funds in the certificates of deposit continue to provide financial stability. The cash flow is also considerably improved compared to recent years due to budgeting by conference hosts that has resulting in credits to the ABLE Treasury, reduced expenditures for publishing the Proceedings, and especially increased memberships and dues payments by PayPal.
- Respectfully submitted on September 23, 2011
ALEXANDER F. MOTTEN, Treasurer
Return to Labstracts, October 2011
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