|
Foundation Financial Report ---- July 2006 to June
2007
|
|
General
Fund(1) |
Library
Building Funds |
Friends
Fund |
Endowment
Fund |
Rotary
Fund |
Total
All Funds |
|
|
Building
Fund |
Children's
Room |
History
Room |
Learning
Center
|
| Beginning Balance (7/1/06)
|
$37,415 |
$11,656,037 |
$29,293 |
$199,479 |
$101,635 |
$32,158 |
$150,555
|
$11,832 |
$12,218,404 |
|
|
|
|
|
|
|
|
|
|
|
| Income |
|
|
|
|
|
|
|
|
|
|
Donations |
$22,740 |
$126,215 |
- |
- |
16 |
- |
$16,000 |
- |
$164,971 |
|
In-Kind Donations |
$3,250 |
$23,236 |
- |
- |
- |
- |
- |
- |
$26,486 |
|
Event Income |
$10,160 |
- |
- |
- |
- |
- |
- |
- |
$10,160 |
|
Investment Activity |
$2,113 |
$399,583 |
$1,307 |
$7,549 |
$3,826 |
$1,436 |
$3,660 |
$1,984 |
$421,458 |
|
| Total
Income |
$38,263 |
$549,034 |
$1,307 |
$7,549 |
$3,842
|
$1,436 |
$19,660 |
$1,984 |
$623,075 |
|
|
|
|
|
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
|
|
|
|
|
Lafayette Excellance Grants |
$19,600 |
- |
- |
- |
- |
- |
- |
- |
$19,600 |
|
Donor Advised Grants |
$150 |
- |
- |
- |
- |
- |
- |
- |
$150 |
|
Library Project |
- |
$78,230 |
- |
- |
- |
- |
$49- |
- |
$78,279 |
|
Senior Project |
$77 |
- |
- |
- |
- |
- |
- |
- |
$77 |
|
Development & Donor Communications |
$15,186 |
- |
- |
- |
- |
- |
- |
- |
$15,186 |
|
Administrative Expenses (2) |
$3,504 |
- |
- |
- |
- |
- |
- |
- |
$3,504 |
|
EBCF Charges (4) |
$539 |
$3,893 |
- |
- |
- |
- |
$568 |
$162 |
$5,162 |
|
Investment Expenses |
- |
- |
- |
- |
- |
- |
|
$70 |
$70 |
| Total
Expenses |
$39,056 |
$82,123 |
- |
- |
- |
- |
$617 |
$232 |
$122,028 |
|
|
|
|
|
|
|
|
|
|
|
| Ending Balance (6/30/05) |
$36,622 |
$12,122,948 |
$30,600 |
$207,028 |
$105,477 |
$33,594 |
$169,598 |
$13,854 |
$12,719,451 |
|
|
|
Combined Library Building Funds are $ $12,669,245
(3) |
|
|
|
(1) The General Fund includes Restricted Funds for Open Space: $500,
Parks and Creeks: $100, Town Hall Building: $1,722 and Step Up For
Kids: $350 |
(2) Administrative Expenses include such
items as accounting fees, bank fees, postage and telephone service.
(3) Of the Combined Library Funds $3,244,683 are outstanding pledges.
$750,000 of the Building Fund is a pledge by the Friends of the Lafayette
Library to the City of Lafayette. $1,500,000 of the Building Fund
has a number of contingencies that must be met prior to the release
of funds. To date, the library project expenses have been held to
5.3% of the combined library income. |
| (4) The Lafayette Community Foundation
from its inception has maintained distinct and separate fund accounts
within its balance sheets to protect designated funds by donor. |
| The Lafayette Community Foundation is
a nonprofit public benefit corporation that is a supporting organization
of the East Bay Community Foundation (EBCF). Both the LCF and the EBCF are 501(c) (3)
organizations. Neither
is a private foundation within the meaning of Sections 509(a) of the
Internal Reference Code. All
donations are tax deductible, subject
to provisions of the IRS Code Sections 170. Tax ID # 80-0022897. |
|
