Report of Treasurer

1

• Report of Treasurer
• Takahiro Tak GOTO
• -Finance Committee
• -2008 JCI Proposed Budget

2
2007 Finance Committee Meetings

• January 17th 900-1030 JCI Headquarters
• June 26th 900-1030 JCI Headquarters
• November 3rd 830-930 Kremlin Palace,
• Antalya, Turkey

3
2007 Finance Committee MeetingNovember 3rd
830-930

• -AGENDA-
• Call to Order
• Approval of Agenda
• Audit Committee Report
• JCI Financial Statements
• Membership Dues A) Dues Receivable
• B) Payment Plans
• C) Non-Financial NOMs
• D) Membership
• 2008 JCI Budgets A) Operating Budget
• B) Capital Budget
• 7. Development Grants
• 8. Closing Remarks
• 9. Adjournment

4
Statement of Financial PositionAs of September
30th, 2007

• September 2007 September 2006
• -Total Current Assets 1,759,294
  1,390,686
  
• -Total Property and Equipment
  2,149,363 2,269,415
  
• -Other Assets 2,220,754
  2,272,557
  
• Total Assets USD6,129,351 USD5,932,658
• September 2007
  September 2006
  
• -Total Current Liabilities 311,112
  414,295
  
• -Total Long Term Liabilities 4,618
  15,437
  
• -Total Net Assets 5,813,621
  5,502,926
  
• Total Liabilities and Net Assets USD6,129,351
  USD5,932,658

5
Statement of Activities (YTD)As of September
30th, 2007

• Actual Budget Variance
• Total Operating Revenues 2,521,790
  2,322,995 (198,795)
  
• -Total Direct Expenses 350,394
  61,601 (288,793)
  
• -Total Department Expenses 1,438,842
  1,572,872 134,030
  
• Total Expenses 2,509,617
  2,373,579 (136,038)
  
• -Increase/Decrease in Net Assets
• 12,173 (50,584)
  (62,757)
  
• -Net Gain/Loss from Investments 117,052
  104,706 (12,346)
  
• Net Assets, End of Year 129,225
  54,122 (75,103)
  

6
Development Grants Approved

• -Pending Development Grants Approved, Nov. 3rd,
  Antalya, Turkey-
  
• Amount
• Grant Country Granted Project
• C-4-WC06 Mexico 2,000 Est. of HQ to
  boost growth of the Capital
  
• C-9-WC06 Columbia 2,400 Secretariat staff
  salaries
  
• C-10-WC06 USA 10,000 State Presidents
  Retreat (2007 BOD)
  
• D-4-WC06 EDC 4,000 Development
  projects and activities in Europe
  
• C-2-JBM07 USA 17,500 Local Presidents
  Summit (2007)
  
• Total USD35,900 grant
  payments were approved

7
Development Grants Paid in 2007

• Amount
• Area Grant Country Paid
  Project
  
• A A-3-WC06 Cote Divoire 5,000 Secretariat
  Development
  
• A A-1-JBM07 Cote Divoire 4,613 Secretariat
  Development
  
• A A-2-JBM07 Cameroon 5,000 Secretariat
  Development
  
• A A-3-JBM07 AMDEC 10,000 AMDEC
  regional meetings (5 Meetings)
  
• A A-4-JBM07 AMDEC 5,000 9th African
  Leadership Academy
  
• B B-1-JBM06 APDC 5,000 Subsidize
  meetings, bulletins, etc.
  
• C C-7-JBM06 USA 1,500 Local
  Presidents Summit (2006)
  
• C C-8-JBM06 USA 13,500 Metro city
  development growth
  
• C C-1-JBM07 ADC 5,000
  American Leadership Academy
  
• D D-1-WC06 Ukraine 6,000 Membership
  Growth
  
• D D-2-WC06 Ukraine 1,000 Training
  Program to EST Training Institute
  
• D D-3-JBM06 Sweden 8,000 10th
  European Academy

8

• Consideration of 2008 JCI Proposed Budget

9
2008 JCI Budget

• 2008 Proposed Budget
  Sept. 7th Revisions
  
• Total Revenues
  2,770,037 2,770,037
  
• -Total Direct Expenses 25,000
  25,000
  
• -Total Department Expenses 3,024,817
  2,974,291
  
• Total Expenses
  3,049,817 2,999,219
  
• Surplus/Deficit before Investments (279,781)
  (229,183)
  
• Total Investments
  139,608 193,602
  
• Surplus/Deficit for the Year
  (140,173) (35,581)
  
• Surplus from previous Year(estimate) 175,000
  100,000
  
• Increase/Decrease in Net Assets
  34,828 64,420