CONFERENCE FOR FOOD PROTECTION, INC.
YEAR-END FINANCIAL STATEMENT
January 1 – December 31, 2004
REVENUES BUDGETED RECEIVED BALANCE
(Over)/Under
10 Interest (Checking/CD) $ 1,100 $ 1,751 (651)
20 CFP Membership 700 700 0
30 Crumbine Award 4,000 4,000 0
50 Reg’n/Wksp/Issue Sales 2004 124,600 144,642 (20,042)
60 Sponsorships 2004 15,000 18,275 (3,275)
70 Grant 20,000 20,000 0
TOTAL $165,400 $ 189,368 $ (23,968)
DISBURSEMENTS BUDGETED DISBURSED BALANCE
(Over)/Under
100 Exec. Director Comp $ 21,000 $ 26,375 $ (5,375)*
110 Exec. Director Travel 3,000 2,923 77
120 Exec. Board Expenses 8,000 10,361 (2,361)**
130 Committee Expenses 10,000 3,972 6,028
140 2004 Conference Expenses 51,000 50,232 768
150 Equip/Maintenance 2,000 395 1,605
160 Telephone 1,300 1,122 178
170 Postage 150 66 84
180 Printing 475 181 294
190 Supplies 650 1,116 (466)
200 Surety Bond/Liability Insurance 1,000 1,119 (119)
210 Corporation Renewal 25 25 0
220 Miscellaneous 1,000 2,125 (1,125)***
230 Crumbine Expenses 8,000 2,035 5,965
240 Web Site Development/Maintenance 1,800 1,507 293
250 Legal 1,000 0 1,000
260 Tax Preparation 500 525 (25)
270 Grant 20,000 20,000 0
TOTAL $ 130,900 $ 124,079 $ 6,821
* Unbudgeted bonus payment & salary increase
** Increased number of travel subsidy requests (trend)
*** Acquisition of software for on-line Issue submission
Page 1 of 2
Fourth Quarter Summary
Balance on hand Sep 30, 2004 $ 149,905
(plus)
Receipts Oct 1 – Dec 31, 2004 754
$ 150,659
(minus)
Disbursements Oct 1 – Dec 31, 2004 $ 12,738
Balance on hand Dec 31, 2004 $ 137,921
======
Checking Account (actual) $ 20,957
(plus)
CD # 1 – 7 mos. @ 2.40% $ 61,521
CD # 2 – 7 mos. @ 2.40% $ 55,443
TOTAL $ 137,921
======
Year-End Summary
Balance on hand January 1, 2004 $ 72,633
(plus)
Receipts Jan 1 – Dec 31, 2004 $ 189,367
$ 262,000
(minus)
Disbursements Jan 1 – Dec 31, 2004 $ 124,079
$ 137,921
======
Respectfully submitted by:
Trevor Hayes
Executive Director
January 11, 2005 Page 2 of 2