Document 2rDD4aKB7J0nvVX8zgNvXowa

i PLASTICS COMPANY TELEPHONE: 219-326-2000 March 17, 1978 Mr. John R, Lawrence Technical Director The Society of the Plastics 355 Lexington Avenue New York, New York 10017 Industry, Inc. DECEIVED mar 2 0 1978 Dear John: I have attached a letter from Mr. R. K. Johnson, Firestone Plastics Company Controller, and two sets of financial documents relating to the well-being of our PVC Safety Group. We have used the last three months' budget provided by the Communications Group and forwarded to us by Dr. Ross Adams. In that we could not obtain definitive estimates from our two legal groups, we used the first eight months' average to apply to March, April and May. Accordingly, we may have approximately $100,000 of unused funds available by the end of the year. I rather suspect this number will be somewhat diminished based on our current level of legal activity. In addition, we are not sure how much AIHC will cover in our EPA efforts. I suggest you send all the member companies a copy of the documents prior to the meeting so that our financial affairs are in some reasoned order. TCW:md Attachments cc: Mr. D. C. Nuechterlein President SPI-10821 FIRESTONE PLASTICS COMPANY . DIVISION OF THE FIRESTONE TIRE & RUBBER COMPANY BOX 699, FIRESTONE BOULEVARD, POTTSTOWN, PENNSYLVANIA 19464 PLASTICS COMPANY TELEPHONE! 215-328*2000 \ March 15, 1978 Mr. T. C. Walker, President Firestone Plastics Company P. 0. Box 699 Pottstown, Pa. 19464 Dear Mr. Walker: Re: SPI--PVC/VCM Producers Group/ Safety Committee I have reviewed the expense for this group's monthly expenditures for May, 1978. first eight months' activities and have the period February income and estimated through I recommend that the March, April, and May estimates be adopted as the budget for the fourth quarter and that expenditures be controlled to these levels. Very truly yours. RKJ:mhn Attachment (4 sets,4 pages each) SPI-10822 FIRESTONE PLASTICS COMPANY DIVISION OF THE FIRESTONE TIRE & RUBBER COMPANY BOX 699, FIRESTONE BOULEVARD, POTTSTOWN, PENNSYLVANIA 19464 SPX-FVC & VCM PRODUCERS GROUP ESTIMATED SOURCE & DISPOSITION OF FUNDS frlSCAL YEAR 1977-3575 SOURCE; 1. Carryover (Doss) From 1976/77 OperationsPer Ledger Print-Out Plus: Duplicate Entry of Allied Chem.Payment Less: Assessments Paid-Not Recorded on Ledger Great American Chemical Hooker Chemical Net (Loss) Carryover from 1976-1977 2. Assessments: Total Assmt. Assmt. Paid a. 1976/77 Assessment No.3 $100000.00 $100000.00 b. 1977/78 Assessment No.1 250000.00 246837-50 c. 1977/78 Assessment No.2 385660.00 Total Assessment Income $$46837.56 Net Assessments Receivable as of 1/31/78 3. Meeting Income: Total Funds Available for 1977-1978 DISPOSITION: 1. Current Year Exoenses: Legal Expense-Paid "thru 1-31-78 $229275.52 -Accrued for Febr.'78 28637*94 -Accrued for 4th Quarter 85971.15 Public Relations Exp.-Paid thru 12-31-77 $105833.25 -Acer.for Jan. & Febr. '78 26458.32 -Acer.for 4th Quarter 49500.00 Meeting & Travel Exp.-Paid thru 1-31-78 $ 6850.72 -Acer.for Febr.,'78 761.19 -Acer.for 4th Quarter 2250.00 Research & Development-Paid thru $ 33018.67 -Acer.for Febr.,'78 3668.63 -Acer.for 4th Quarter 12000.00 Office Supplies-Paid thru 1-31-78 $ 866 6/ -Acer.for Febr.,'78 108.36 -Acer.for 4th Quarter 350.00 Messenger & Postage-Paid thru 1-31-788 29.60 -Acer.for Febr.,*78 3.70 -Acer.for 4th Quarter 100.00 AMOUNT $(28784.58) ( 2460.00) 912.00 167190 $(30165.08) Net Assnt. Due $ 3162.50 385660.00 ____________ 346837-50 $388822.50 388822.50 380.00 $755574.92 $343884.61 181791-57 9861.91 48687.30 1325.23 133.30 SPI-10823 2- - AMOUNT Telephone Expense-Paid thru 1-31/78 $ 1773.41 -Acer.for Febr., '78 197.04 -Acer.for 4th Quarter 600.00 9 2570.45 Total Expense for 1977-1978 Estimated Net Funds Available at 5-51-78 9588254.37 SP1-10824 SPI--PVG & VCM PROD I.JCKR3 GROUP INCOME & EXPKNDITiJRES 6~-I-.'77 thru"5-31-76 Total Actual 6/1/77 thru 1/31/78 Est. February 1978 Total 3 Quarters 1977-78 Estimated Fourth Quarter 1977-78 March April MaZ Total Fiscal Year 1977-78 Cash Position - 1st 01 Month $(30165,08) $(73825.78) $(30165.08) $(117268.30) $ 89636.70 $167881.70 $(30165.08) INCOME: Assessment Receipts Income from Sale of Literature Meeting Income 346837 o$G -- 380.00 3162.50 -- -- 350000.00 -- 380.00 257160.00 -- -- 128500.00 _ -- -- -- 735660.00 -- 380.00 Total Income 3U7217.50 EXPENDITURES: Legal Expense: Keller &. Heckman ' 66196.65 Beveridge. Fairbanks & Diamond 162906,78 Other 172.06 Public Relations Expense: Hill & Knowlton Meetings & Travel Expense Research & Development Office Supplies Messenger & Postage Telephone Expense 119062,u 6850.72 33018.67 866.87 29.60 1773.41 3162.50 350380.00 257160.00 128500.00 - 736040.00 8274.59 20363.35 -- 74471.27 183270.13 172.06 13229.16 761.19 3663.63 108.36 3.70 197.04 132291.57 7611.91 36687o30 975.23 33.30 1970.45 8293.70 20363.30^ -- 8293.70 20363.30 -- 8293.71 20363.44 -- 99352.38 255360.17 172.06 16500.-00 750.00 4000.00 115.00 33.00 200.00 l65oo.oo 750.00 4000.00 115.00 33.oo 200.00 16500.00 750.00 4000.00 120.00 34.00 200.00 181791.57 9861.91 48687.30 1325.23 133.30 2570.45 Total Expenditures 390877.20 46506.02 437463.22 50255.00 50255.00 50261.15 588255.37 Cash Position-End of Month $(73825.73) at 1/31/78 $(117268.30) $(117268.30) $89636.70 at at at 2/28/78 2/28/78 3/31/78 $167881.70 at 4/30/78 $117620.55 at 5/31/78 $117620.55 at 5/31/78 COMPANY. Air Products & Chemicals Allied Chemical B.F. Goodrich Borden Chemical Continental Oil Co. Diamond-Shamrock Dow Chemical Ethyl Corporation Firestone Plastics Co. General Tire & Rubber Goodyear Tire &, Rubber Great American* Chemical Hooker Chemical Pantasote Co. of N.Y. PPG Industries Robintech, Inc. Shell Chemical Co. Shintech, Inc. Stauffer Chemicals Tenneco, Inc. Union Carbide Uniroyal Totals Note C/3 KO>o I SPI-FVC Sc VCM PRODUCERS GROUP K^msls" POE FISCAL YEAll^W?^97?? 1976-77 Assnt. No. ^ 8 1690 2530 16980 6750 54-10 4730 10900 4140 3380 930 2070 590 1480 1270 7600 2110 13010 1860 4860 4010 2530 1170 $100000 1977--1978 Assmt. Assmt. No.1 No.2 8 4225 6325 42450 16875 13525 11825 27250 10350 8450 2325 5175 1475 3700 3175 19000 5275 32525 4650 12150 10025 6325 2925 8 6760 10120 67920 27040 21640 18920 43600 16560 13520 3720 8280 2360 5920 5080 30400 -- 52040 7440 19440 16040 4220 4640 8250000 $585660 Total Ascmts. Payments Received thru 1/31/78 Net Assmts. Receivable at 1/31/78 8 12675 18975 127350 50665 40575 35475 81750 31050 25350 6975 15525 4425 11100 9525 57000 7385 97575 13950 36450 30075 13075 8735 $755660 8 5915 8855 59430 23625 18935 16555 38150 14490 11830 3255 7245 2065 5180 4445 26600 7385 45535 6510 17010 14035 5692.50 4095 8346837*50 $ 6760 10120 67920 27040 21640 18920 43600 16560 13520 3720 8280 2360 5920 5080 30400 -- 52040 7440 19440 16040 7382.50 4640 $388822.50 .wn from this Group. ITSiDUST - C RE ^ , PYMMT DATE 223183 ALLIED CHEMICAL CORPORATION P.O. BOX '219 R. -VORPISTOWN. NJ. 07<?60 r Al.LlED = i-E??\CES PjVAj O'V'lSlON TWUST-CFfE V i 815 VO'JC H 246 .-/ ENDOW ft EFgW^CE 7TT957T GROSS AMOUNT 2,460 00 DISCOUNT 00 PYMNT DATE 04/2l>77 ^ 2,460 00 00 223183 NET AMOUNT 2,460 00 2,460 00 ! i t I i,i i last a digits of INVOICE NO. OR DATE (PLEASE DETACH CHECK FROM STUB 8EFCRE DE*9S NG ) mi o-a i >i SPM0828 PVC SAFETY GROUP ASSESSMENTS OUSTANDING AMOUNTS COMPANIES Air Products & Chemicals B. F. Goodrich Chemical Dow Chemical USA Ethyl Corporation Hooker Chemical Corporation Robintech, Inc. Shintech Inc. Stauffer Chemical Tenneco Chemicals AMOUNTS $ 6,760 ^ 67,920 " 43,600 " 16,500 5,920 8.440 -- 7.440 -- 19,440 16,040 --' TOTAL - $192,060 AMOUNTS ALREADY PAID Allied- Chemical Borden Chemical Corporation Continental Oil Co. Diamond Shamrock Chemical Co. Firestone Plastics Co. General Tire & Rubber Co. Goodyear Tire & Rubber Great American Chemical Co. The Pantasote Co. of N.Y. PPG Industries Shell Chemical Co. Uniroyal Chemical Co. Union Carbide Corporation $ 10,120*"' 27,000" 21,640 - 18,920 " 13,520 -- 3,730 8,280 -- 2,360 - 5,080- 30,400 -- 32,000 ^ 4,680 -- 4,220 -f c'',rC TOTAL - $201,950 SPI-10829