Financial Report for Fiscal Year 2005
by Stephen Gillette

Winter 2006

2005 was a great year for your SWANA chapter. As you can see, from the balance sheet and income statement below, revenue was ahead of the expenses by $2,699.73. Last year your chapter provided one professional scholarship, one honorary scholarship in memory of Kip White, and also sent a donation of $1,000 to the Red Cross to help with the Katrina disaster. Our annual meeting was successful and we also hosted training in Yuma.

The 2006 budget is also looking a lot like last year. We are planning for two training sessions and our annual meeting. The chapter is budgeted to spend about $3,000 less than we hope to take in. If you have any questions concerning fiscal matters please let me know.

FY 2005 Chapter Balance Sheet and Financial Statement
Audited Report Statement as of October 31, 2005

Assets
	Cash		$16,707.22
	Checking		$16,985.82
	Investments (loan to SWANA National)		$10,000.00
	Accts. Receivable		$ 0.00
	Other		$ 0.00
	Total Assets			$43,693.04
Liabilities
	Accts. Payable		$ 0.00
	Loans Payable		$ 0.00
	Other		$ 0.00
	Total Liabilities			$0.00
Net Assets
	Beginning (as of Oct. 1, 2004)		$40,993.31
	Year-to-date Revenue/(Loss)		$2,699.73
	Total Net Assets (as of Oct. 31, 2005)		$43,693.04
	Total Liabilities and Net Assets			$43,693.04

Revenue
	Dues			$3,980.22
	Technical Seminars/Meetings
		Annual Meeting (Sept. 2005)	$12,585.00
		Annual Meeting (Oct. 2004)	$200.00
		Technical/Lunch Meetings	$820.00
		Road-E-O	$0.00
		Sub-Total		$13,605.00
	Interest Income (savings only)			$332.01
	Other Income (Advertising – 7 Ads)			$400.00
	Total Revenue				$18,317.23
Expenses
	Salaries			$0.00
	Contractors (webmaster/web server)			$1,549.89
	Accounting			$0.00
	Supplies (exhibit for annual meeting)			$139.33
	Insurance			$0.00
	Postage			$37.00
	Printing/Telephone			$0.00
	Travel (IB Meeting travel)			$3,010.75
	Legal (support for national amicus brief)			$400.00
	Lobbying			$0.00
	Technical Seminars/Meetings
		Annual Meeting (Sept. 2005)	$1,861.25
		Annual Meeting (Oct. 2004)	$5,271.83
		Technical/Lunch Meetings	$663.11
		Road-E-O (travel to national Road-E-O for 2004 winner)	$500.00
		Sub-Total		$8,296.19
	Board Meetings			$441.33
	Other
		Checking Fees	$22.01
		Scholarships – Professional	$225.00
		Scholarships – Student	$500.00
		Donation – Red Cross (Katrina)	$1,000.00
		Sub-Total		$1,747.01
	Total Expenses				$15,617.50
Net Revenue/(Loss)					$2699.73