IFTA, INC. FINANCIAL REPORT Lonette L. Turner, Executive Director Annual IFTA Business Meeting July 21-22, 2006 Las Vegas, NV.

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Presentation transcript:

IFTA, INC. FINANCIAL REPORT Lonette L. Turner, Executive Director Annual IFTA Business Meeting July 21-22, 2006 Las Vegas, NV

IFTA, Inc. Lonette Turner 13 Tammy TrinkerJessica Eubanks 1110 Debora Meise 10 Jason DeGraf 7 Tom King 5 Richard Beckner 2

Assets 4/30/054/30/06 Operations Checking Account$10,866$20,080 One Group Prime Money Market Portfolio $267,398$145,735 Petty Cash$ Rental Account$7,115$4,954 Certificates of Deposit and Reserve Accounts $405,599$450,969 Property and Equipment$1,052,942$1,036,497 Other Assets (Investments)$708,258$783,435 Total Assets$2,166,799$2,270,901

Reserves 4/30/054/30/06 Unpaid Leave Accrual$25,768$29,621 Capital Reserve$94,214$90,150 One Year of Operating Expenses$570,412.00$620,175 Total Reserves$690,394$739,946

Budget BUDGET ITEMAPPROVED BUDGET FY05/06 APPROVED BUDGET FY06/07 Total Operations Income (Dues and Clearinghouse) $619,000$623,150 Total Operating Expenses$620,175$671,460 Net from Operations($1,175)($48,310) Net Rental Income$30,980$45,040 Net Total$29,805*($3,270)* * Net income or loss from meetings are not included. For FY05/06 the total net income will exceed the amount shown.