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Treasurer's Report
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ARF Budget 2008
ARF Year End Report
Administrative Account
   
Beginning Balance 1/1/07 13,265.34
 
Income  
     Interest  Earned 1,276.86
     Interest transfer from Grant Account 17,034.03
Total Income 18,310.89
 
Expenses  
     2007AOBA  Meeting, speaker sponsor  971.28
     Annual Appeal Letter 181.73
     Directors insurance 2,079.00
     Income Tax 2006 162.00
     Legal-Professional 450.00
     Office  3,453.81
     Post Office box fee 68.00
     State Income tax   (Oregon) 75.00
     Web Site fees 179.98
     Teleconference  2,699.27
     Federal Tax 4.55
     Bank card fees 523.77
     Refund of duplicate payment  500.00
Total Expenses  11,348.39
 
Ending Balance 12/31/07  20,227.84
 
Administrative Account  
 
Anticipated Budget for 2008  
Income   
       Interest transfer from Grant Account  18,451.40
       Interest earned 1,200.00
Expenses  
     2008 Anticipated Expenses 13,000.00
     2008 Anticipated Balance 26,800.00
 
Credit Card account  
This account was started in 2006 to allow for credit card payments  
 
     Beginning Balance 1,201.18
Income:  
     Donations                                                                                          5,850.35
 
Expenses                                                           
       Bank Card fees                                                                                       601.04
       Transfer to Grant account 4,159.23
             Total  4,760.20
       Balance 1,090.08
 
Grants Fund  
 
     Beginning Balance 1/1/07 367,442.66
        Income  
          Donations 149,409.67
          Interest Earned  18,451.40
          Total Income  167,861.07
 
        Expenses  
          Research Grants 42,022.25
          Transfer  to admin fund (Interest earned 2007) 17,034.03
          Total Expenses 59,056.28
                
Ending Balance 12/31/07                           476,247.45
Notes: Grants funded this year are down from past years.  Grants have been approved but not yet funded are higher this year than in past years.  
 
Anticipated Expenses for 2008  
 
          Approved Research Projects  approved but not funded or  fully funded  
                  
     BVDV  Jarvinen                                                                                      15,000.00
     Progesterone levels  Tibary                                                                        6,993.58
     Dubovi (BVDV Genetics)                                                                           6,500.00
     Adams, (OIF)                                                                                           12,399.00
     Bedenice  (Immune Fx in BVDV PI’s)                                                            14,603.00
     Jason Johnson, Exposure to BVDV                                                                   6,175.00
     Chris Cebra  Fecal PCR to detect E. mac                                                   29,400.00
     Geoff Smith  Pantoprzole pharmocokinetics                                                20,934.00
     Dechant, Rabies vaccine serology 6,935.00
     Davies, Evaul or TSH test protocol 10,144.00
     Cebra, Respiratory disease in Alpacas 17,900.00
 
          Total 146,983.58
                                           
          Projected New Projects 100,000.00
          Transfer of Interest earned to Admin. Account 18,451.40
 
          2008 Total anticipated expenses 265,389.98
                   
Grant Payments 2007  
     Oregon State University, Lin Corona study 2,472.25
     Ohio State Univ. Lakritz study-meningeal worm 9,030.00
     Cornell Univ. Dubovi, 1st half  6,500.00
     Univ. of Saskatchewan  Adams study  1st half  8,760.00
     Auburn Univ. BVDV study 2,060.00
     University of Nebraska  Kelling bvdv 2nd half 12,900.00
     Claire Whitehead 300.00
 
      Total                                                                                                     42,022.25

            


ARF Year End Report-2006

And Projected Budget for 2007

                          

Administrative Fund

 

Beginning Balance 1/1/06                                                  15,808.67

 

Income

      Interest  Earned                                                                  922.64

      Interest transfer from Grant Account                           9,444.41 

Total Income                                                                        10,367.05 

 

 

Expenses

         2006AOBA  Meeting, speaker sponsor                                                    1242.76

          Annual Appeal Letter                                                                                  2153.95

          Directors insurance                                                                                     2079.00

        Income Tax 2005                                                                                                 95.00

         Legal-Professional                                                                                          450.00

         Office                                                                                                              1901.19

         Post Office box fee                                                                                           72.00

         Brochure printing                                                                                           970.00                                                                                                                                                                                 

         Web Site fees                                                                                                 364.99

          Teleconference                                                                                            3038.49

          Postage                                                                                                             34.00

           Bank card fees                                                                                               309.00

            Transfer to Credit card account                                                                 200.00                                                         

Total Expenses                                                                                                    12,910.38

 

Ending Balance 12/31/06                                                                                    13,265.34

Notes:  The ending balance was lower than budgeted for 2006.  Unexpected expenses were: set up fees for the creation of a credit card account, higher than budgeted web maintenance fees, higher conference call fees and printing expenses for a new brochure.

 

Credit Card account

This account was started in 2006 to allow for credit card payments

 

Income:

       Transfer from Admin account                                              200.00

        Donations to Dec 2006                                                       1096.09

        Bank Card fees                                                                         94.91

         Balance                                                                                 1201.18                                                                                                                      .............  

Anticipated Budget for 2007

Income

   Interest transfer from Grant Account                                 17,034.03

    Interest earned                                                                        1,000.00

Expenses

2007 Anticipated Expenses                                                     12,000.00

2007 Anticipated Balance                                                       19,224.34
 

Grants Fund

 

                 Beginning Balance 1/1/06                                                         $450,061.71

                        Income

                           Donations                                                                              78,274.54                                                                             

                            Grant refund                                                                              297.88                           

                           Interest Earned                                                                      17,034.03   

                           Total Income                                                                         95,606.45 

 

                         Expenses

                          

                           Research Grants                                                                  168,781.09

                           Transfer  to admin fund (Interest earned 2003)                  9,444.41

                           Total Expenses                                                                    178,225.50   

 

Ending Balance 12/31/06                                                                              367,442.66

Notes:  We did not meet donation level of 2005 in 2006.  Donation animal numbers were down in 2006.  We did earn more interest in 2006 than 2005.  In 2006, we did pay out more in grants than we received in donations, but the opposite was true in 2005.  The donation amount does  not include the amount in the credit card account.  This has not been deposited in the Grants as of 12/31/06.
 

Anticipated Expenses for 2007

 

              Approved Research Projects still waiting to be funded                                                    

                      

             BVDV  Jarvinen                                                                                      15,000.00

             BVDV Kelling                                                                                         12,500.00

             Lakritz veinipuncture model                                                                   3,875.00

             Rna Sequence of Corona, Ling Jin                                                         2,000.00

             Progesterone levels  Tibary                                                                    6,993.58

             Dubovi (BVDV Genetics)                                                                      12,903.00

             Adams, (OIF)                                                                                          12,399.00

             Bedenice  (Immune Fx in BVDV PI’s)                                                  14,603.00      

                          Total                                                                                            80,273.00

                                             

                        Projected New Projects                                                               85,000.00

                        Transfer of Interest earned to Admin. Account                      17,034.03

 

              2007 Total anticipated expenses                                                         182,307.03

                

Grant Payments 2006

 

Oregon State University, Lin Corona study                                                   11,819.85

Oregon State University,  Kutzler WNV  confirmation                                 20,630.00

Oregon State University   Tornquist 2nd half Oxyglobin                                6,000.00

Morris Animal Foundation                                                                               60,000.00

Campbell, BYU   2nd half pay                                                                             6,043.90

Univ. of Saskatchewan  Adams study  1st half                                               8,760.00

Iowa State University  Julie Jarvinen BVDV