AOAC BOD June 2018 Pre-Meeting Materials

AOAC RESEARCH INSTITUTE Statement of Revenues and Expenses For the Three Months Ending Saturday, March 31, 2018 2018 2017 2016

2018 vs. 2017

Change

to Date Actual

to Date Actual

to Date Actual

Variance

% of

Actual

REVENUE

$ 150 783 $ 13 000 $ 64 000 $ 172 500 $ 95 000 $ 80 457 $ 22 500 $ 80 244

$ 205 783 $ 21 000 $ 15 000 $ 165 550 $ 78 281 $ 24 167 $ 2 447

$ 71 993 $ 6 000 ($ 59 000) $ 30 000 ($ 95 000) $ 10 215

48% 46%

Application Fees Consultant Fees

$ 222 775 $ 19 000

Review PTM Renewal Fees Sponsorship Laboratory Fees Membership Fees Gain/Loss on Sale of Investments Appreciation on Investment

$ 5 000

( 92%)

17%

$ 202 500

( 100%)

13%

$ 90 673 $ 23 750 ($ 5 329)

$ 1 249

6%

($ 85 573)

( 107%)

$ 0

$ 3 125 $ 4 209

$ 0

0%

$ 2 996

$ 2 753

92%

Interest Income

$ 5 749

$ 681 480

$ 519 562

($ 117 362)

( 17%)

Total Revenue

$ 564 117

EXPENSES

Salaries

$ 62 826 $ 4 068 $ 4 134 $ 7 474 $ 78 502 $ 27 429 $ 9 100 $ 55 171 $ 219 $ 1 184 $ 10 517 $ 90 673 $ 1 877 $ 5 189 $ 85 240 $ 5 124 $ 174 $ 234 $ 1 171 $ 1 410 $ 618 $ 0 $ 148

$ 80 978 $ 6 400 $ 3 215 $ 4 412 $ 95 004 $ 32 197 $ 13 300 $ 32 224 $ 2 734 $ 126 $ 1 300 $ 2 304 $ 9 654 $ 80 457 $ 1 559 $ 14 134 $ 107 091 $ 0

$ 47 412 $ 3 555 $ 2 208 $ 5 058 $ 58 233 $ 17 658 $ 9 100 $ 46 005

($ 18 151) ($ 2 332)

( 22%) ( 36%)

Vacation/Personal Leave

Medical Leave

$ 919 $ 3 062

29% 69%

Holiday/Administrative Leave

Total Salaries

($ 16 502) ($ 4 768) ($ 4 200) $ 22 947 ($ 1 551) ($ 126) ($ 1 152) ($ 2 304) $ 219

( 17%) ( 15%) ( 32%)

Benefits Honoraria

Consultant, Instructor Fees

71%

Postage/Shipping

$ 1

0%

Telephone/Communications

$ 829 $ 245 $ 314

( 57%) ( 100%) ( 89%) ( 100%)

Supplies

Dues/Subscriptions/References

Production Costs Food & Beverage Laboratory Fees

$ 13 248 $ 2 964 $ 78 281 $ 2 760 $ 69 350 $ 4 432 $ 0

$ 864

9%

$ 10 215

13% 20%

Travel, Staff Travel, Other

$ 318

($ 8 945) ($ 21 851) ($ 1 317)

( 63%) ( 20%) ( 20%)

Overhead

Equipment Rental/Maintenance

$ 6 441 $ 174 $ 3 609 $ 2 972 $ 592 $ 0

Software Maintenance Promotional-other

$ 0

$ 0

0% 0%

$ 64

$ 234

Insurance Bank Fees Legal Fees

$ 3 626 $ 1 496 $ 592

($ 2 438) ($ 1 561)

( 68%) ( 53%)

$ 26

4%

Total Expenses

$ 373 980

$ 405 871

$ 309 198

($ 31 891)

( 8%)

NET REVENUE OVER EXPENSES

$ 190 137

$ 275 609

$ 210 363

($ 85 472)

( 31%)

For Management Use Onlly