2009Q3 Reports: Treasurer - Revision history

GraemeHirst at 17:35, 6 July 2009

2009-07-06T17:35:15Z

← Older revision		Revision as of 17:35, 6 July 2009
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	Association for Computational Linguistics		Association for Computational Linguistics
	Balance Sheet as at 31 Dec 2008		Balance Sheet as at 31 Dec 2008
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	LIABILITIES AND EQUITY 639,037.92		LIABILITIES AND EQUITY 639,037.92
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GraemeHirst at 17:29, 6 July 2009

2009-07-06T17:29:45Z

← Older revision		Revision as of 17:29, 6 July 2009
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	ACL Treasurer's report, August 2009		'''ACL Treasurer's report, August 2009'''

	Because ACL's finances have grown considerably over the the last few years, we have engaged a bookkeeper, Mr John Biggs of Baldwin Accounting, Toronto, who is helping us to move to a more-suitable accounting system, including a new and more-detailed classification of our income and expenses. The new system, when complete, should make our Office Manager's job easier and our conference and other accounting faster. The new system is being phased in for the 2008 reporting year. Unfortunately, however, a combination of the amount of work required for this and extended ill health of Mr Biggs in recent months means that a full report for 2008 is not yet complete.		Because ACL's finances have grown considerably over the the last few years, we have engaged a bookkeeper, Mr John Biggs of Baldwin Accounting, Toronto, who is helping us to move to a more-suitable accounting system, including a new and more-detailed classification of our income and expenses. The new system, when complete, should make our Office Manager's job easier and our conference and other accounting faster. The new system is being phased in for the 2008 reporting year. Unfortunately, however, a combination of the amount of work required for this and extended ill health of Mr Biggs in recent months means that a full report for 2008 is not yet complete.
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	A statement of assets and liabilities as of 31-Dec-2008, however, is complete and is shown below. Amounts are in US dollars, with our euro assets converted at the prevailing rate on 31-Dec-2008. In 2008, we spent over $104,000 more than we took in, and our net assets (equity) dropped by that amount. This is explained, at least in part, by fluctuations arising our variable conference calendar: in 2008, we took in revenue from only one 2008 *ACL conference (ACL in Columbus), but planned and made advances for three 2009 conferences (EACL in Athens, NAACL in Boulder, and ACL in Singapore), including US$50,000 for Singapore and €20,000 for Athens. It is not unusual for our assets to fluctuate by $200-300,000 over a two- to three-year cycle. If all our 2009 conferences return a reasonable surplus, some of the loss in assets will be restored by the end of 2009, as we have only two conferences in 2010 (Uppsala and Los Angeles) for which outlays need be made. Preliminary data for the Columbus ACL conference suggest that it had a healthy surplus.		A statement of assets and liabilities as of 31-Dec-2008, however, is complete and is shown below. Amounts are in US dollars, with our euro assets converted at the prevailing rate on 31-Dec-2008. In 2008, we spent over $104,000 more than we took in, and our net assets (equity) dropped by that amount. This is explained, at least in part, by fluctuations arising our variable conference calendar: in 2008, we took in revenue from only one 2008 *ACL conference (ACL in Columbus), but planned and made advances for three 2009 conferences (EACL in Athens, NAACL in Boulder, and ACL in Singapore), including US$50,000 for Singapore and €20,000 for Athens. It is not unusual for our assets to fluctuate by $200-300,000 over a two- to three-year cycle. If all our 2009 conferences return a reasonable surplus, some of the loss in assets will be restored by the end of 2009, as we have only two conferences in 2010 (Uppsala and Los Angeles) for which outlays need be made. Preliminary data for the Columbus ACL conference suggest that it had a healthy surplus.

	Graeme Hirst, Treasurer, Association for Computational Linguistics		'''Graeme Hirst, Treasurer, Association for Computational Linguistics'''


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	Association for Computational Linguistics		Association for Computational Linguistics

GraemeHirst: New page: ACL Treasurer's report, August 2009 Because ACL's finances have grown considerably over the the last few years, we have engaged a bookkeeper, Mr John Biggs of Baldwin Accounting, Toronto,...

2009-07-06T17:28:53Z

New page: ACL Treasurer's report, August 2009 Because ACL's finances have grown considerably over the the last few years, we have engaged a bookkeeper, Mr John Biggs of Baldwin Accounting, Toronto,...

New page

ACL Treasurer's report, August 2009

Because ACL's finances have grown considerably over the the last few years, we have engaged a bookkeeper, Mr John Biggs of Baldwin Accounting, Toronto, who is helping us to move to a more-suitable accounting system, including a new and more-detailed classification of our income and expenses. The new system, when complete, should make our Office Manager's job easier and our conference and other accounting faster. The new system is being phased in for the 2008 reporting year. Unfortunately, however, a combination of the amount of work required for this and extended ill health of Mr Biggs in recent months means that a full report for 2008 is not yet complete.

A statement of assets and liabilities as of 31-Dec-2008, however, is complete and is shown below. Amounts are in US dollars, with our euro assets converted at the prevailing rate on 31-Dec-2008. In 2008, we spent over $104,000 more than we took in, and our net assets (equity) dropped by that amount. This is explained, at least in part, by fluctuations arising our variable conference calendar: in 2008, we took in revenue from only one 2008 *ACL conference (ACL in Columbus), but planned and made advances for three 2009 conferences (EACL in Athens, NAACL in Boulder, and ACL in Singapore), including US$50,000 for Singapore and €20,000 for Athens. It is not unusual for our assets to fluctuate by $200-300,000 over a two- to three-year cycle. If all our 2009 conferences return a reasonable surplus, some of the loss in assets will be restored by the end of 2009, as we have only two conferences in 2010 (Uppsala and Los Angeles) for which outlays need be made. Preliminary data for the Columbus ACL conference suggest that it had a healthy surplus.

Graeme Hirst, Treasurer, Association for Computational Linguistics

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Association for Computational Linguistics
Balance Sheet as at 31 Dec 2008

ASSETS

Cash & cash equivalents

U.S. accounts

Wachovia main acct 104,468.08
Wachovia NAACL acct 66,296.01
Wachovia Walker Fund 32,413.25
Wachovia money mkt 1 107,259.02
Wachovia money mkt 2 31,550.77
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Total, Wachovia accts 341,987.13

European accounts

Bank of Valeta, Malta 29,231.24
Malta bonds/deposits 73,185.00
Swiss Bonds (CHF) 194,064.06
UBS (CHF) 570.49
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Total other funds 297,050.79

Total cash & cash equivalents
==========
639,037.92

Other current assets

Prepaid expenses & deposits 0.00
Accounts receivable 0.00
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Total, other current assets 0.00

TOTAL ASSETS 639,037.92

LIABILITIES

Current liabilities

Accounts payable 4,353.36
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Total current liabilities 4,353.36

TOTAL LIABILITIES 4,353.36

EQUITY

Prior year's surplus 739,074.10
Current earnings (104,389.54)
==========
Net surplus 634,684.56

TOTAL EQUITY 634,684.56

LIABILITIES AND EQUITY 639,037.92
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