2. First Report FOIFT Operating Balance Sheet Page 2: Operating Balance of nearly $65,000 This is roughly half of our annual operating expenses
3. Second Report: FOIFT Operating Profit and Loss Report Income Category #1000 The negative $5449 number can be attributed to an expired Light of Day grant that we are returning to the Ethics & Excellence Journalism Foundation
4. FOIFT Operating Profit and Loss Report Continued Income Category #1100 $28,850 is considerably less than the $40,000 we had budgeted to receive from the Dallas Foundation.
5. FOIFT Operating Profit and Loss Report Continued Income Category #1320 Little activity relating to handbook sales Income Category #2060 One time moving expenses that will not be carried over
6. FOIFT Operating Profit and Loss Report Continued Income Category #2130 One time printing and postage expenses for mailing postcards about FOI Focus Newsletter Income Category #2220 One half of these expenses are for 2008 Conference
7. FOIFT Operating Profit and Loss Report Continued On page 2 there is a negative $49,270 “Net Ordinary Income” amount, However, when you factor in $39,000 in budgeting endowment disbursements that do not normally get deposited until the end of December, that number is expected to be reduced significantly.
8. Reports One and Two Summary Despite the fact that FOIFT administrative operations realistically only covered about 6 months of the last year, we expect to end up very close to meeting the proposed budget.
9. Third Report: The FOI Supporting Foundation Balance Sheet Page 2 The value of all our endowments is nearly $788,979. That number is up $83,073 from the first of the year and only covers the first three quarters of 2009.
10. Third Report: The FOI Supporting Foundation Balance Sheet Assuming the growth continues at the same rate, the endowments should be valued at more than $800,000 by the first of the year 2010.
11. Fifth Report: The FOIFT Budget 2009 Primary Expenses If you subtract the $19,500 moving grant for 2008 and add back in the $5,449 we had to give back from the light of day grant, the difference from year to year from the budgeted vs. the actual incomes is almost identical ($23,979 for 2008 and $25,399 for 2009)
12. State Conference Our income from this year’s state conference exceeded our budgeted amount by 88 percent.
