2006-07 Annual Report for
the UCLA Alumni Association
Fiscal year 2006-07 brought many changes to the UCLA Alumni Association, both financial and programmatic. Through all the changes, the Association recognized its first priority — to create opportunities and encourage alumni involvement at UCLA, and to help alumni build relationships with one another.
Condensed Balance Sheet
Sections 6321 and 6322 of the California Corporations Code and Section 12.2 of Article XII of the bylaws of the UCLA Alumni Association require that an annual report be provided to all members. In satisfaction of these requirements, these pages include graphic displays of the Association's revenues and expenses for the 2006-07 fiscal year and a comparison of the condensed balance sheets as of June 30, 2007 and June 30, 2006.
As of June 30 |
||
| Assets | 2007 |
2006 |
| Cash and Short-Term Investments | $ 386,753 |
$ 171,226 |
| Accounts and Interest Receivable | 212,705 |
179,565 |
| Other assets | 413,869 |
184,665 |
| Investments (at fair value) | 16,198,272 |
14,206,369 |
| Total | $ 17,211,599 |
$ 14,741,825 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| University of California, Los Angeles | $ 484,594 |
$ 493,486 |
| Accounts Payable and Accrued Liabilities | 4,305 |
2,008 |
| Grant payable, net | 426,469 |
463,304 |
| Deferred Revenue | 201,505 |
64,508 |
| Total liabilities | $ 1,116,873 |
$ 1,023,306 |
|
Net Assets: |
||
| Working Capital | 909,255 |
327,103 |
| Opportunity Fund | 280,455 |
187,500 |
| Life Membership Fund/ Long Term Fund |
14,905,016 |
13,203,916 |
| Total net assets | $ 16,094,726 |
$ 13,718,519 |
