Document BR5VwOL8XwdLMj5N5R1yMBqdX

To: Benzene OC listserve (E-mail) <BenzConsort-OC@listserve.api.org> From: Lorraine Twerdok <Twerdokl@api.org> Cc: Benzene consort comm (E-mail) <benzconsort-cc@listserve.api.org>; Benzene consort tech (E-mail) <benzconsort-tc@listserve.api.org> Bcc: Received Date: 2005-08-2420:09:24 GMT Subject: BHRC - Final 2Q05 financial report To All BHRC Committee Members - Attached is the final 2Q05 financial report. It is also posted on the SHS website. > The following changes were made following the 8/18/05 meeting: * "slightly" and APCO" have been deleted from Text Summary * API Interest income has been projected through 2007; interest is not allocated to any cost center * Note - UCHSC interest income has not been projected, since Iron's expense projects need to be revised based on the July progress report. Interest projections will be made to the extent possible in the 3Q05 report * Sponsor invoicing and income has been projected through 2007. Income is projected for the 2nd quarter of each year based on the assumption that invoices will go out during the first quarter of each year. (A decision on timing of invoicing has not yet been made) * Executive summary has been revised to clarify Actual vs Projected income by adding month reference to projected income. * Dr. Iron's T&E expenses for the 1Q05 have been added to 2Q05 report - this is a new correction, on final review this omission was picked up. Regards, Lorraine ***************************************** Lorraine E. Twerdok, Ph.D., DABT Manager, Health Sciences Regulatory Analysis and Scientific Affairs American Petroleum Institute 1220 L Street, NW. Washington, DC 20005 tel: 202-682-8344 email: twerdokl@api.org fax: 202-682-8031 Attachments: BHRC Program Expenses 2Q05 rpt FINAL.xls SH ELL-MCCLU RG-062397 Benzene Health Research Consortium 2Q05 Financial Report Overview Fund Balance at API 2Q05: $2,980,5151 IBudgeted Expense Projections for 2Q05 thru 4Q07 have been revised per May 3,2005 revised program budget. The Irons Field Expenses: no new disbursements in 2005 UCHSC: $874,030 disbursed in 2005 per grant payment schedule. Jan. - June, 2005 actual expenses will be reported in AHS: $123,114 disbursed in 2005 Fudan University: no 2005 disbursements SRP/ERP: $2,500 disbursed in 2005 Communications: no spending 2005 Outside Legal Council: 6% over budget; $16769 disbursed in 2005. QAlQC: no activity API Administrative Costs: $39,868 in 2005 costs (J) I m r r sI : () () Need to reconcile UCHSC statement - they have a $105 error (from 4003 rpt). r C ;a G) oI (J) Page 1 of 58 I'V c..> <D ex> AUTODATE ~ budgets were revised for the 3005 financial report Benzene Health Research Consortium 2Q05 Financial Report Overview (J) I m r r sI : () () r C ;a G) oI (J) Page 2 of 58 AUTODATE I'V c..> <D <D Benzene Health Research Consortium 2Q05 Financial Report Overview Technical Budget Work Group Acceptance: 8/2/05 Oversight Committee Acceptance: 8/18/05 Posted to Website: 8/24/05 LT 8/24/05 BJ 4/05/05 (J) I m r r sI : () () r C ;a G) oI (J) Page 3 of 58 AUTODATE I'V ..j:::o. o o E .~ s: to: (J) .Q2-:) oC Q>) 0 o2coC t: 0 Cl.. Q) Q) ~a: -a: "(0 oC .-co (cC.o) Q) C I L-L CQ~)Lao() CC\I Q) III llJ f- ooe:( f::J e:( ro ""0' "Q) n'O".J SHELL-MCCLURG-062401 Item AHScienc es CaseControl Study DP&ME Studies (UCHSC) Irons(T & E) Fudan University Total Research Costs Scientific Review Panel Ethics Review Panel Benzene Health Research Consortium Approved Program Budget Approved Original Cost Revised Cost 2Q05 Financial R- ......... Unapproved Approved Changes not Approved Approved Approved Estimate Estimate approved (June 11 NOV 03 OC 21 APR 04 OC 16 Dec 04 OC 3 May 05 OC (Jan. 2001) (Dec. 2001) 2003) mtg mtg mtg mtg $1,595,000 $2,283,095 $2,283,095 $2,283,095 $2,283,095 $2,283,095 $2,930,841 $13,665,017 $15,258,017 $1,253,428 $1,253,428 $165,700 $190,555 $16,679,145 $18,985,095 $15,258,000 $1,597,273 $661,000 $19,799,368 $14,508,000 $14,508,000 $14,508,000 $18,332,769 $1,413,428 $1,413,428 $1,413,428 $1,413,428 $230,000 $230,000 $230,000 $306,062 $18,434,523 $18,434,523 $18,434,523 $22,983,100 $648,000 $551,736 $300,000 $300,000 $300,000 $300,000 $216,000 $192,000 $64,000 $64,000 $64,000 $64,000 External Pathology & Cytogenet ics Workgrou (J) ps(Cost in I UC cost) m r Total Panel Costs r API Seed s:I Monies () Outside () r Counsel C ;a G) oI (J) I'V ..j:::o. o I'V $450,000 $500,000 $130,000 $994,000 $0 $500,000 $0 $743,736 $0 $100,576 $0 $364,000 $0 $100,000 $0 $364,000 $0 $100,000 $0 $364,000 $0 $100,000 $0 $364,000 $0 $140,000 Page 5 of 58 AUTO DATE Public Affairs QAlQC Activities UCHSC Interest contingency Miscellaneous Costs Subtotal API Admin. GRAND TOTAL Benzene Health Research Consortium Approved Program Budget 2Q05 Financial Report $1,000,000 $1,000,000 $960,600 $550,000 $550,000 $300,000 $300,000 $225,000 $190,855 $1,690,855 $18,820,000 $941,000 $0 $1,725,000 $21,704,095 $1,085,205 $100,000 $0 $1,161,176 $21,704,280 $1,085,019 $100,000 ($100,000) $390,272 $1,040,272 $19,838,795 $1,245,205 $100,000 $0 $290,272 $1,040,272 $19,838,795 $1,245,205 $50,000 $0 $590,272 $1,040,272 $19,838,795 $1,245,205 $50,000 $0 $850,695 $1,340,695 $24,687,795 $1,445,205 $19,761,000 $22,789,300 $22,789,299 $21,084,000 $21,084,000 $21,084,000 $26,133,000 Notes by API Notes/As sumption s for Dec. 2001 revised budget: - The total research costs have changed as a result of the protocol review process and changes in the protocols as recommended by the SRP and ERP. Case-Control Study was also adjusted for inflation (5%/year) in an interim iteration. - Panel costs assume that there will be only one face-toface meeting for each panel each year. (J) I m r r sI : () LT () r 7/24/05 C ;a G) oI (J) I'V ..j:::o. o c..> ~1~ r,~:x 3 May 05 revised budget notes - $423 added to contingency to round total budget to nearest thousand - increased API adm inistrative costs for one extra year (2007) Page 6 of 58 AUTO DATE Benzene Health Research Consortium Approved Program Budget $2,568,545 $365,333 $548,000 $822,000 $365,333 $0 $911,959 $308,182 $1,093,939 $911,959 pmt schedule nchanged from current ule except for BP 2005 commitment as of 3/31/05 (J) I m r r sI : () () r C ;a G) oI (J) Page 7 of 58 I'V ..j:::o. o ..j:::o. AUTODATE Benzene Health Research Consortium Executive Summary 2Q05 Financial Report Cost Centers Income Project # Inception Thru December 2004 Actuals Actuals Jan - June 2005 $ 16,765,693 $ 1,468,143 $ 18,233,836 Cost Centers UCHSC* Irons-Field Expense* Applied Health Sciences Fudan University X8105 X8106 X8107 X8108 Scientific & Ethics Panels Communications Outside Legal Counsel QAlQC Support API Administrative Contingency** X8109 X8103 X8104 X8110 X8100 Total Expenses Fund Balance 10,137,850 788,486 1,391,014 124,090 874,030 131,000 193,430 11,011,880 919,486 1,584,444 124,090 166,772 294,161 64,529 2,500 21,596 169,272 294,161 86,125 871,150 104,473 77,264 50,718 948,414 155,191 $ 13,942,525 $ 1,350,539 $ 15,293,063 $ 2,823,169 $ 117,604 JI":Mmp~19 Cumulative ACTUALS Inception Thru 2Q05 Budget (actual + projected income 2005 July - Dec PROJECTED 2006 Jan - Dec $ 18,233,836 $ 3,201,068 *** $ 3,226,039 11,011,880 919,486 1,584,444 124,090 169,272 294,161 86,125 948,414 155,191 $" 15,293,063 2,750,000 131,000 267,584 80,563 74,250 1,946 15,622 16,667 103,000 4,000,000 262,000 547,953 55,491 76,073 1,946 31,244 16,667 163,500 $ 3,440,632 $ 5,154,874 :::::$::q~~1119;il :::::::::::::::::r:::::::::::::::::::111:g~:11:::::::rr (J) I ::~!:9@:::!!::~MqJ.~~:::~:9Q~:::!I!~QGI!:::~g::::::::::::iii:::::: m * amount disbursed by API r r s:I ** $300K added to contingency; () $250K from Communicaitons & $50K () from QAlQC r C ;a G) oI (J) I'V ..j:::o. o c..n Page 8 of 58 155,191 AUTO DATE & expenses) Benzene Health Research Consortium Executive Summary 2Q05 Financial Report 2007 Jan - Dec $1,522,750 Projected Program inc/exp Budget Income $ 26,183,693 1$ 26,133,000 1 570,889 100,942 502,311 45,918 Expenses 18,332,769 1,413,428 2,902,292 306,062 18,332,769 1,413,428 2,930,841 306,062 48,073 1,946 31,242 16,667 225,450 367,668 300,000 164,233 50,000 1,440,364 155,191 364,000 300,000 140,000 50,000 1,445,205 850,695 $1,543,438 $ 25,432,0071 $ 26,133,000 1 ::::::::::::::::::::I1~n:;l.gl: (J) I m r r Income Detail s:I sponsors $17,961,335 () MAP () contrib. r $215,000 C ;a G) oI (J) I'V ..j:::o. o (J) Page 9 of 58 AUTODATE *** ConocoPhillips pay remaining commitment in 2005 LT 8/3/05 Benzene Health Research Consortium Executive Summary 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) Page 10 of 58 AUTODATE I'V ..j:::o. o -.....J API interest UCHSC interest TOTAL $57,501 $0 $18,233,836 Benzene Health Research Consortium Executive Summary 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) Page 11 of 58 AUTO DATE I'V ..j:::o. o ex> Benzene Health Research Consortium Cash Flow Statement 2Q05 Financial Report :~iM#'@iil.iiiMMi@.~M~.ii@iiN$.@~M({:::: LT 8/23/05 RT 04/13/05 NOTE,! $2,980,5151;n bank at API ~""$~~;~~ (J) I m r r sI : () () r C ;a G) oI (J) 12 of 58 AUTODATE I'V ..j:::o. o <D 15tOtr. 2006 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. Benzene Health Research Consortium Cash Flow Statement 2Q05 Financial Report 2007 2nd Otr. 3rd Otr. 4th Otr. TOTALS (J) I m r r sI : () () r C ;a G) oI (J) 13 of 58 AUTODATE I'V ..j:::o. .....lo. o Cost Centers Benzene Health Research Consortium Program Expense Summary 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. .....lo. .....lo. Benzene Health Research Consortium Program Expense Summary 2Q05 Financial Report r-------------~------~------------~~------------~,--~~~~, Cost Centers (J) I m rr, s: () () r C ;a G,) o (J) I'V ..j:::o. .....lo. Page 15 of 58 AUTODATE I'V Benzene Health Research Consortium Program Expense Summary 2Q05 Financial Report RT 04/13/05 Amt.At UCHSC & Irons Field exp. Bank acct $13,818,541 $1,434,779 69,235 API disbursed by period (includes pre-payments for UCHSC & Irons Field) 24,600 1,577,811 7,652,678 318,759 258,097 310,244 66,019 1,348,626 1,047,131 1,338,560 247,035 1,063,761 131,000 2,750,000 131,000 2,500,000 131,000 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. Page 16 of 58 AUTODATE ....lo. c..> Benzene Health Research Consortium Program Expense Summary 2Q05 Financial Report r-------------~------~------------~~------------~,--~~~~, Cost Centers RT 04/13/05 API disbursed by period (includes pre-payments for UCHSC & Irons Field) 1,500,000 100,942 570,889 IT IT 23,043,570 (J) I m rr, s: () () r C ;a G,) o (J) I'V .,j:::o. Page 17 of 58 ....lo. .,j:::o. AUTODATE Benzene Health Research Consortium UCHSC Grant 2Q05 Financial Report (J) I m r UCHSC r statement s:I error for travel, off by +$105 () (4Q03) () r C ;a G) oI (J) I'V ..j:::o. Page 18 of 58 AUTODATE .....lo. c..n Benzene Health Research Consortium UCHSC Grant 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 19 of 58 AUTODATE .....lo. (J) UCHSC (x81 05) Cost Centers LT 8/02105 BJ 8/02105 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. .....lo. -.....J Benzene Health Research Consortium UCHSC Grant 2Q05 Financial Report 1st & 2nd Otr. 2003 3r.d Otr. 4th Otr. IstOtr. 2004 2nd Otr. 3rd Otr. 4th Otr. IstOtr. 2005 2nd Otr. 3rd Otr. 4th Otr. Am!. paid UCHSCto date: Am!. expensed to date: Am!. In UCHSC bank acct: (Adjusted 4003: $48,839 attr.ibuted to UCHSC in 3003 Report has been reallocated to Contingency: $25,000 preconsortium gran tin 2001; $3,600 for IRB Review in 2002; $20,239 for EMBSI "feasibility $11,011,880 study" in 2002) (Adjusted 4003: 2001 costs had been double expensed in 2002 column; ($523,807) adjusment $9,624,218 made in 4003) $1,387,662 2QOSvariance adjusted to reflect only current qtr variance bedgeted expense projections revised per 3 May 05 revised program budget Page 20 of 58 AUTODATE UCHSC (x81 05) Cost Centers Benzene Health Research Consortium UCHSC Grant 2Q05 Financial Report 2006 2nd Olr. 3r.d Olr. 4lh Olr. 2007 2nd Olr. 3r.d Olr. 4lh Olr. LT 8/02105 BJ 8/02105 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. .....lo. ex> Page 21 of 58 AUTODATE Benzene Health Research Consortium UCHSC Subcontract 2Q05 Financial Report (J) I LT 8/3/2005 m BJ 8/02105 r r sI : () () r C ;a G) oI (J) I'V .,j:::o. ....lo. <D "Total subcontracto r expenses" from study report (preliminary figure); "actual expenses" from UC Office of Grants & Contracts spreadsheet (final figures). "2002 subcontractor costs not broken out by UCHSC, so this must be added back into the sum of row totals for total subcontractor costs to balance Page 22 of 58 AUTODATE Cost Centers Benzene Health Research Consortium Irons Field Expenses 2Q05 Financial Report 4th Otr 15t & 2nd 5t -4th Otr Otr 3rd Otr 4th Otr 15tOtr 2nd Otr 3rd Otr 4th Otr 15tOtr 2nd Otr 3rd Otr 4th Otr 15tOtr 2nd Otr 3rd Otr 4th Otr 15tOtr 4Q03 ADJUSTME NT2001/2002 expense underrecord ed; -0$114,289 adjustment (J) I m r r sI : () () r Amt paid to C Irons to numbers as ;a date $919,486 of 6/30/05 G) oI (J) I'V ..j:::o. Page 23 of 58 oI'V AUTODATE Cost Centers 2nd Olr. 3r.d Olr. 4lh Olr. Benzene Health Research Consortium Irons Field Expenses 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 24 of 58 AUTODATE I'V .....lo. IRONS T&E (X81 06) Cost Centers LT 8/24/05 BJ 8/24/05 Amt Irons has spent: Amt. In Irons bank acct: Benzene Health Research Consortium Irons Field Expenses 2Q05 Financial Report 2003 15t & 2nd Otr. 3rd Otr. note -1005 &2005 expenses recprded in $872,369 2005 4th Otr. 15tOtr. 2004 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. 2005 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. 2006 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. $47,117 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 25 of 58 AUTODATE I'V I'V IRONS T&E (X81 06) Cost Centers 2007 2nd OIL 3rd OIL 4lh OIL LT 8/24/05 BJ 8/24/05 Benzene Health Research Consortium Irons Field Expenses 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 26 of 58 AUTODATE I'V c..> Cost Centers Benzene Health Research Consortium AHS 2Q05 Financial Report LT 8/3/05 BJ 4/05/05 RT 7/15/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. I'V ..j:::o. ..H~~:\~ Adjustment: expense reduced by $52,634; transferred to contingency since these were preconsortia expenses $394,467 Page 27 of 58 AUTODATE Cost Centers 15tOtr. 2nd Otr. 3rd Otr. 4th Otr. Benzene Health Research Consortium AHS 2Q05 Financial Report LT 8/3/05 BJ 4/05/05 RT 7/15/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. cI'.V.n Page 28 of 58 AUTODATE Benzene Health Research Consortium Fudan 2Q05 Financial Report LET 8/3/05 BJ 8/01/05 'Js-- ~ . ~~ (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. I'V (J) 2Q05 - variance zeroed outonly current cqtr variance shown 2Q05 - ezpense projections revi sed based on 3 May 05 approved budget Page 29 of 58 AUTODATE Benzene Health Research Consortium Fudan 2Q05 Financial Report LET 8/3/05 BJ 8/01/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. I'V -.....J Page 30 of 58 AUTODATE Benzene Health Research Consortium (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. I'V ex> Benzene Health Research Consortium SRP + ERP 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. I'V Page 32 of 58 AUTODATE <D Benzene Health Research Consortium 2006 2007 LT 8/3/05 BJ 4/05/05 RT 7/15/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. c..> o 1Q04 budget ajustments to variance to develop more useful budget projections for remainder of program Change approved by OC at 4/21/04 meeting Page 33 of 58 AUTODATE Benzene Health Research Consortium SRP + ERP 2Q05 Financial Report LT 8/3/05 BJ 4/05/05 RT 7/15/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. c..> .....lo. Page 34 of 58 AUTODATE Cost Centers Benzene Health Research Consortium Communications 2Q05 Financial Report (J) I m r r s:I Duplicating/Copies Internal, Postage, Couriers, ( ) Telephone, Meals, Lexis Nexis Searches . . . . .( ) J'llm!lm~Wt:~mW1llWAA~~W9'l:mm:mrmmmr!ii.:::r::::::::::::::::::::::::.:.: r .mrW:!il~:~m%ff.t:::::::::::::::::::::::::.:.: ............................. C ~ - I::ludget adJustrnent retlects budget reduction ;a frorn $1 MM to $550k G) oI LT 8/3/05 (J) RT 1/21/05 I'V ..j:::o. c..> I'V *budget adjustrnent to lower prograrn budget frorn $550K to Page 35 of 58 AUTODATE Cost Centers Benzene Health Research Consortium Communications 2Q05 Financial Report (J) I m r r s:I Duplicating/Copies Internal, Postage, Couriers, ( ) Telephone, Meals, Lexis Nexis Searches () J'lm~FWWt:~mW1llWAA~~W9fmm:mnmWmr!ii.::) r .mrW:!il~:~m%ff.t:::::::::::::::::::::::::.:.: ............................. C ~ - I::ludget adJustrnent retlects budget reduction ;a frorn $1 MM to $550k G) oI LT 8/3/05 (J) RT 1/21/05 I'V ..j:::o. c..> c..> Page 36 of 58 AUTODATE Benzene Health Research Consortium Communications 2Q05 Financial Report 1sl Olr. 2nd Olr. 3rd Olr. 4lh Olr*. 4lh Olr. 1s101r. (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 37 of 58 AUTODATE c..> ..j:::o. Benzene Health Research Consortium Communications 2Q05 Financial Report 4lh Olr. 2 I 1sl Olr. 2nd Olr. 3rd Olr. 4lh Olr. (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 38 of 58 AUTODATE c..> c..n Cost Centers Benzene Health Research Consortium Legal 2Q05 Financial Report * budget adjustment to lower program budget from $500K to $1 OOK, as approved by OC on 11/11/03 LT 8/3/05 RT 07/15/05 '1~~~"~~ $54,081 $85,920 $7,810.86 variance adjusted to reflect only 2005 variance 2005 Budget revised from $100K to $140K per revised program budget approved 3 May 05 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. Page 39 of 58 c..> (J) AUTODATE Benzene Health Research Consortium Legal 2Q05 Financial Report * budget adjustment to lower program budget from $500K to $1 OOK, as approved by OC on 11/11/03 LT 8/3/05 RT 07/15/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. c..> -.....J Page 40 of 58 AUTODATE Benzene Health Research Consortium QA-QC 2Q05 Financial Report (J) I m r r sI : () () r budget adjustment to lower C program budget from $225K to ; a $100K, as approved by OC on G) 11/11/03 oI LT 8/3/05 (J) I'V ..j:::o. c..> ex> Page 41 of 58 AUTODATE Benzene Health Research Consortium QA-QC 2Q05 Financial Report (J) I m r r sI : () () r budget adjustment to lower C program budget from $225K to ; a $100K, as approved by OC on G) 11/11/03 oI LT 8/3/05 (J) I'V ..j:::o. c..> <D Page 42 of 58 AUTODATE Cost Centers Benzene Health Research Consortium API Administration 2Q05 Financial Report (J) I m r r sI : () () r C ;a LT 8/1/05 G) oI (J) I'V ..j:::o. ..j:::o. o Page 43 of 58 variance reflects 2Q05 variance, only AUTODATE Cost Centers Benzene Health Research Consortium API Administration 2Q05 Financial Report (J) I m r r sI : () () r C ;a LT 8/1/05 G) oI (J) I'V ..j:::o. ..j:::o. .....lo. Page 44 of 58 AUTODATE Cost Centers RT 7/15/05 Miii.&'M@~f:iiii.#ims.@!.i.'%MffuW~I~i:iir Benzene Health Research Consortium API Administration 2Q05 Financial Report 3rd Otr. 4th expenses revised to reflect 3 May 05 revised total program budget (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 45 of 58 AUTODATE ..j:::o. I'V API Cost Centers 2006 2nd Olr. 3rd Olr. 4lh Olr. Benzene Health Research Consortium API Administration 2Q05 Financial Report 1s101r. 2007 2nd Olr. 3rd Olr. 4lh Olr. RT 7/15/05 Miii.&'M@~f:iiii.#ims.@!.i.'%MffuW~I~i:iir (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 46 of 58 AUTODATE ..j:::o. c..> Benzene Health Research Consortium Contingency Fund 2Q05 Financial Report ** to be reprogrammed as API expense in 3005 LT 8/3/05 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ..j:::o. ..j:::o. 4003 Adjustment - per Technical Committee, transfer $48,839 from UCHSC expense detail to contingency because expenses not part of UCHSC grant budget: Page 47 of 58 AUTODATE Benzene Health Research Consortium Contingency Fund 2Q05 Financial Report 850,695 $155,191 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ..j:::o. c..n Page 48 of 58 AUTODATE Benzene Health Research Consortium Contingency Fund 2Q05 Financial Report 1. June 2001 $25K grant to UCHSC; seed money exhausted (API & sponsor), expense not included in final grant cost estimate 2. $3600 IRB fees to U of CO (this will be a yearly fee, since IRB must review at least once per year) 3. 2002 invoice ($20,239) from EMBSI for final feasibility study work (very late billing to API) AHS - expense transfer of $52,634 from AHS expense detail to contingency because expenses not (J) part of AHS full I study budget m r r sI : () () r C ;a G) oI (J) Page 49 of 58 I'V ..j:::o. ..j:::o. (J) AUTODATE LT 8/23/05 RT 07/15/05 ";:s;:: ~:.~ ~ $57,501 (J) I m r r sI : () () r C ;a G) oI (J) Page 50 of 58 I'V .,j:::o. .,j:::o. -....J AUTODATE 2nd 01r. 3rd 01r. Benzene Health Research Consortium Income 2Q05 Financial Reoort (J) I m r r sI : () () r C ;a G) oI (J) Page 51 of 58 AUTODATE I'V ..j:::o. ..j:::o. ex> Company Name BP I~nevron (Seed Money) Inv.# Date Paid $15,000 522922 8-Nov-00 $22,500 528453 19-Jun-01 ~l:',UUU :'1181::1 (-NOV-UU Benzene Health Research Consortium Sponsor Invoice Detail 2Q05 Financial Report 2001 2002 (1 st - 2nd Qtr.) 2002 (3rd - 4th Qtr.) 22-Aug-01 Inv.# Date Paid $768,941 529301 4-0ct-01 ~:'LL,(jL{ :'L8::1UL 8-Uct-Ul 9-Jan-02 $806,441 ~:'::I{,(jL{ Inv.# Date Paid 27-Aug-02 532263 22-Feb-02 $1,344,069 $112,008 :'::11144 LL-t-eb-U' ~tl8(j,U4(j Inv.# Date Paid 535033 11-0ct-02 2-0ct-02 :,::I:,U::I4 :,-NOV-U' 2003 23-Sep-03 Inv.# Date Paid $1,431,041.00 544951 4-0ec-03 ~1 ,ULtl,lUU.UU :'448:'::1 18-NOV-U::I ConocoPhillips ExxonMobii Shell Marathon ITotal $15,000 522924 31-0ct-00 $7,500 528574 31-Jul-01 $0 523540 $15,000 523054 24-0ct-00 $15,000 528333 15-May-01 $15,000 528541 14-Aug-01 $120,0001 $246,314 529309 17-Sep-01 $507,627 529305 25-Sep-01 $2,045,509 1 $268,814 532245 16-Jan-02 $448,023 535035 26-Sep-02 $514,349.00 544954 27-0ct-03 $1,612,882 532246 $806,441 $806,441 $537,627 532247 23-Jan-02 11-Feb-02 7-Feb-02 $1,344,069 535036 $896,046 535037 $448,023 $448,023 13-Sep-02 25-Sep-02 10-Feb-03 $5,376,273 1 Marathon Ashland Marathon Oil $5,936,307 1 $1,543,049.00 544956 $771 ,524.50 $771 ,524.50 $1,028,700.00 544958 $514,350 $514,350 $150,000 548582 $50,000 548581 $8,317,588.001 3-0ct-03 22-Mar-04 28 Oct 03 14 Jan 04 20-Jan-04 3-Feb-04 I Projected Invoicing I 2006 2005 Company Name It)t' invdate Inv.I ;jjU.UU Date Paid invdate Inv.# Date Paid :tiU.UU Projected TOTALS :jif,Ulns,:><t::l Chevron $911,959 $435,071 $4,712,364 ConocoPhillips $308,182 ExxonMobii $1,093,939 (J) I m Shell r r s:I Marathon () () Ilotal r C ;a G) oI (J) I'V ..j:::o. ..j:::o. <D $911,959 :ji3,22ti,U3l:1 $0.00 $652,606 $435,071 ~1,::l22,f4B $2,356,182 $7,068,545 $4,712,364 $215,000 ~2ti, 133,UUU Page 52 of 58 AUTODATE Benzene Health Research Consortium Sponsor Invoice Detail 2Q05 Financial Report I 2005 PAID 27-Jan-05 Inv.# Date Paid $2,568,545.00 563928 11-Jul-05 ~0ti:',004.UU :,tiuu:,ti 18-JUI-Ut TOTALS $7,068,545 :;3,365,33"1 $548,000.00 560057 18-Mar-05 $548,000.00 560058 17-Feb-05 $274,000.00 564774 $365,334.00 560059 28-Apr-05 $2,048,000 $5,048,000 $3,365,334 :;4,669,213.001 $215,000 II ~21,110,213 (J) I m r r sI : () () r C ;a G) oI (J) I'V Page 53 of 58 AUTODATE ..j:::o. c..n o LT 8/18/05 RT 07/15/05 ";:s;:: ~:.~ ~ Benzene Health Research Consortium Sponsor Invoice Detail 2Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V Page 54 of 58 AUTODATE ..j:::o. c..n .....lo. Benzene Health Research Consortium Sponsor Payment Detail 2Q05 Financial Report (J) I m r r Total thru 6/30/05 s:I $ 18,176,335.09 () (includes () Marathon) r C ;a G) oI (J) I'V ..j:::o. Page 55 of 58 AUTODATE c..n I'V LT 8/3/05 RT 7/15/05 DRAFT Benzene Health Research Consortium Sponsor Payment Detail 2Q05 Financial Report (note - does not include interest income) (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 56 of 58 AUTODATE c..n c..> BHRC Sponsor Payments r. ."". d by Sponsor Company Company Date Paid Amount American Petroleum Institute 1/17/2003 $ (I am trying to get this $1.09 1.09 I emoved from the books) BP International Limited 11/8/2000 $ 15,000.00 BP International Ltd 6/19/2001 $ 22,500.00 BP p.Lc. 10/4/2001 $ 768,941.00 BP p.Lc. 2/22/2002 $ 806,441.00 BP p.Lc. BP p.Lc. 10/2/2002 $ 112,008.00 10/11/2002 $ 1,344,069.00 BP p.Lc. BP p.Lc. 12/4/2003 $ 1,431,041.00 7/11/2005 $ 2,568,545.00 $ BP Total 7,068,545.00 Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco 11/7/2000 $ 10/9/2001 $ 2/22/2002 $ 11/5/2002 $ 11/19/2003 $ 7/19/2005 $ 15,000.00 522,627.00 537,627.00 896,046.00 1,028,700.00 365,334.00 ChevronTexaco Total $ 3,365,334.00 ConocoPhillips 10/31/2000 $ 15,000.00 ConocoPhillips 7/31/2001 $ 7,500.00 ConocoPhillips 9/17/2001 $ 246,314.00 ConocoPhillips 1/16/2002 $ 268,814.00 ConocoPhillips 9/26/2002 $ 448,023.00 ConocoPhillips ConocoPhillips 10/27/2003 $ 514,349.00 ConocoPhillips Total 3/18/2005 $ 548,000.00 $ 2,048,000.00 ExxonMobil Research and Engineering 1/23/2002 $ 806,441.00 ExxonMobil Research and Engineering ExxonMobil 2/11/2002 $ 806,441.00 9/13/2002 $ 1,344,069.00 ExxonMobil 10/3/2003 $ 771,524.50 ExxonMobil 3/22/2004 $ 771,524.50 ExxonMobil Total ExxonMobil 2/17/2005 $ 548,000.00 $ 5,048,000.00 (J) I Marathon Ashland Petroleum, LLC. 8/14/2001 $ 15,000.00 m Marathon Ashland Petroleum, LLC. 1/20/2004 $ 150,000.00 Marathon Ashland Total r r Marathon Oil Company 2/3/2004 $ 50,000.00 $ 215,000.00 s:I Shell Chem ical 10/24/2000 $ 15,000.00 () Shell Chem ical 5/15/2001 $ 15,000.00 () Shell Chem ical r C Shell Chem ical ;a 9/25/2001 $ 507,627.00 2/7/2002 $ 537,627.00 G) oI (J) Page 57 of 58 I'V ..j:::o. c..n ..j:::o. AUTO DATE Shell Chem ical Shell Chem ical Shell Chem ical Shell Chem ical Shell Chem ical LT 8/3/05 RT 07115/05 9/25/2002 $ BHRC Sponsor Payments 448J?2Q~Zfld by Sponsor Company 2/10/2003 $ 10/28/2003 $ 1/13/2004 $ 4/28/2005 $ 448,023.00 I514,350.00 514,350.00 Shell Chemical Total 365,334.00 $ 3,365,334.00 $ 21,110,214.09 (J) I m r r sI : () () r C ;a G) oI (J) Page 58 of 58 AUTODATE I'V ..j:::o. c..n c..n To: BenzConsort-OC@listserve.api.org <BenzConsort-OC@listserve.api.org>; BenzConsort-TC@listserve.api.org <BenzConsort-TC@listserve.api.org> From: Russell White <whiter@api.org> Cc: Bcc: Received Date: 2006-03-31 21 :02: 10 GMT Subject: SHS Financial Data - Final 4Q 2005 All, Here is the financial report for the SHS through year-end 2005. Stuart Cagen will discuss it on our scheduled conference call next Tuesday (4PM EDT). Patsy and I are still working on the agenda but I wanted you to have the opportunity to study the report over the weekend. > Russell White American Petroleum Institute 1220 L Street NW Washington, DC 20005-4070 Tel: 202-682-8344 Attachments: BHRC Program Expenses 4Q05 rpt - FINAL.xls SH ELL-MCCLU RG-0624S6 Benzene Health Research Consortium 4Q05 Financial Report Overview Fund Balance at API4Q05: Fund Balance in spreadsheet 4Q05: $ 3,298,248 $ 3,298,247 IBudgeted Expense Projections for 2Q05 thru 4Q07 have been revised per May 3,2005 revised program budget. The bud! Irons Field Expenses: $131,000 disbursed in 3005 UCHSC: "Report of Expenditures" entered in 4005 actuals. $2,750,000 disbursed in 4005. USHSC did return $61,000 in inten AHS: $222,365 disbursed in 4005 Fudan University: $4,007 in expenses invoiced in 4005 SRP/ERP: $59,661 disbursed in 4005. Extension of all member contracts through Dec 2007, will likely increase total contract Communications: no 4005 expenses Outside Legal Council: $12,110 expensed in 4005 QAlQC: no 4005 expenses (J) I API Administrative Costs: $52,572 in 4005 costs m r r sI : () () r C ;a G) oI (J) Page 1 of 58 I'V ..j:::o. c..n -.....J AUTODATE Benzene Health Research Consortium 4Q05 Financial Report Overview gets were revised for UCHSC grantl est to the Consortium. t committments to $414,252 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. c..n ex> Page 2 of 58 AUTODATE Executive Summary: Benzene Health Research Consortium 4Q05 Financial Report Overview Technical Budget Work Group Acceptance: Oversight Committee Acceptance: Posted to Website: LT 8/24/05 BJ 11/29/05 RT 2117106 RW 2/16/06 (J) I m r r sI : () () r C ;a G) oI (J) Page 3 of 58 I'V ..j:::o. c..n <D AUTODATE E .~ s: to: (J) .Q2-:) oC Q>) 0 o2coC t: 0 Cl.. Q) Q) ~a: -a: "(0 oC .-co (cC.o) Q) C I L-L CQ~)Lao() C"<t Q) III llJ f- ooe:( f::J e:( ro ""0' "Q) n'O".J SH ELL-MCCLU RG-062460 Item AHScienc es CaseControl Study DP&ME Studies (UCHSC) Irons(T & E) Fudan University Total Research Costs Scientific Review Panel Ethics Review Panel Benzene Health Research Consortium Approved Program Budget Approved Original Cost Revised Cost 4Q05 Financial R- ......... Unapproved Approved Changes not Approved Approved Approved Estimate Estimate approved (June 11 NOV 03 OC 21 APR 04 OC 16 Dec 04 OC 3 May 05 OC (Jan. 2001) (Dec. 2001) 2003) mtg mtg mtg mtg $1,595,000 $2,283,095 $2,283,095 $2,283,095 $2,283,095 $2,283,095 $2,930,841 $13,665,017 $15,258,017 $1,253,428 $1,253,428 $165,700 $190,555 $16,679,145 $18,985,095 $15,258,000 $1,597,273 $661,000 $19,799,368 $14,508,000 $14,508,000 $14,508,000 $18,332,769 $1,413,428 $1,413,428 $1,413,428 $1,413,428 $230,000 $230,000 $230,000 $306,062 $18,434,523 $18,434,523 $18,434,523 $22,983,100 $648,000 $551,736 $300,000 $300,000 $300,000 $300,000 $216,000 $192,000 $64,000 $64,000 $64,000 $64,000 External Pathology & Cytogenet ics Workgrou (J) ps(Cost in I UC cost) m r Total Panel Costs r API Seed s:I Monies () Outside () r Counsel C ;a G) oI (J) I'V ..j:::o. (J) .....lo. $450,000 $500,000 $130,000 $994,000 $0 $500,000 $0 $743,736 $0 $100,576 $0 $364,000 $0 $100,000 $0 $364,000 $0 $100,000 $0 $364,000 $0 $100,000 $0 $364,000 $0 $140,000 Page 5 of 58 AUTO DATE Public Affairs QAlQC Activities UCHSC Interest contingency Miscellaneous Costs Subtotal API Admin. GRAND TOTAL Benzene Health Research Consortium Approved Program Budget 4Q05 Financial Report $1,000,000 $1,000,000 $960,600 $550,000 $550,000 $300,000 $300,000 $225,000 $190,855 $1,690,855 $18,820,000 $941,000 $0 $1,725,000 $21,704,095 $1,085,205 $100,000 $0 $1,161,176 $21,704,280 $1,085,019 $100,000 ($100,000) $390,272 $1,040,272 $19,838,795 $1,245,205 $100,000 $0 $290,272 $1,040,272 $19,838,795 $1,245,205 $50,000 $0 $590,272 $1,040,272 $19,838,795 $1,245,205 $50,000 $0 $850,695 $1,340,695 $24,687,795 $1,445,205 $19,761,000 $22,789,300 $22,789,299 $21,084,000 $21,084,000 $21,084,000 $26,133,000 Notes by API Notes/As sumption s for Dec. 2001 revised budget: - The total research costs have changed as a result of the protocol review process and changes in the protocols as recommended by the SRP and ERP. Case-Control Study was also adjusted for inflation (5%/year) in an interim iteration. - Panel costs assume that there will be only one face-toface meeting for each panel each year. (J) I m r r sI : () LT () r 7/24/05 C ;a G) oI (J) I'V ..j:::o. (J) I'V 3 May 05 revised budget notes - $423 added to contingency to round total budget to nearest thousand - increased API adm inistrative costs for one extra year (2007) Page 6 of 58 AUTO DATE Benzene Health Research Consortium Approved Program Budget $2,568,545 $365,333 $548,000 $822,000 $365,333 $0 $911,959 $308,182 $1,093,939 $911,959 pmt schedule nchanged from current ule except for BP 2005 commitment as of 3/31/05 (J) I m r r sI : () () r C ;a G) oI (J) Page 7 of 58 I'V ..j:::o. (J) c..> AUTODATE Cost Centers Income Benzene Health Research Consortium Executive Summary 4Q05 Financial Report Project # Inception Thru December 2004 Actuals Actuals Jan - Dec 2005 Actuals Jan - Mar 2006 Program to Date $ 16,765,693 $ 5,206,657 $ 21,972,350 Cumulative ACTUALS Inception Thru 4Q05 Budget (actual + p 2006 Jan - Mar $ 21,972,350 $ Cost Centers UCHSC* Irons-Field Expense* Applied Health Sciences Fudan University X8105 X8106 X8107 X8108 Scientific & Ethics Panels Communications Outside Legal Counsel QAlQC Support API Administrative Contingency** X8109 X8103 X8104 X8110 X8100 Total Expenses Fund Balance 10,137,850 788,486 1,391,014 124,090 3,624,030 262,000 548,720 4,007 13,761,880 1,050,486 1,939,734 128,097 13,778,460 990,282 13,761,880 1,050,486 1,939,734 128,097 166,772 294,161 64,529 76,176 33,706 242,948 294,161 98,235 242,948 294,161 98,235 871,150 104,473 170,475 51,918 1,041,625 156,391 1,041,625 156,391 $ 13,942,525 $ 4,771,033 $ 18,713,557 $ 18,713,557 $ 2,823,169 $ 3,258,793~~~~~g4t 131,000 136,988 3,823 7,811 4,167 40,500 $ 324,289 :::::I:::iiHg~.:r:::rr:r: (J) I ::~!:9@:::!!::~MqJ.~~:::~:9Q~:::!I!~QGI!:::~g::::::::::::iii:::::: m * amount disbursed by API r r s:I ** $300K added to contingency; () $250K from Communicaitons & $50K () from QAlQC r C ;a G) oI (J) I'V ..j:::o. (J) ..j:::o. Page 8 of 58 156,391 AUTO DATE Benzene Health Research Consortium Executive Summary 4Q05 Financial Report ,rojected income & expenses) PROJECTED 2006 Jan - Dec 2007 Jan - Dec $ 2,826,039 $ 1,522,750 Projected inc/exp Program Budget Income I I$ 26,321,139 $ 26,133,000 4,000,000 262,000 547,953 55,491 570,889 100,942 502,311 45,918 Expenses 18,332,769 1,413,428 2,989,998 229,506 18,332,769 1,413,428 2,930,841 306,062 76,073 1,946 31,244 16,667 163,500 $ 5,154,874 48,073 1,946 31,242 16,667 225,450 $ 1,543,438 367,094 364,000 298,053 300,000 160,721 140,000 33,333 50,000 _ - _1,430,575 1,445,205 156,391 ....... 850,69..5..... I I$ 25,411,869 $ 26,133,000 :::1 :r:::II~mng:r: :::::::r::r::r:::::::::::liRllll: (J) I m r r Income Detail s:I sponsors $21,569,214 () () MAP contrib. $215,000 r C ;a G) oI (J) Page 9 of 58 I'V ..j:::o. (J) c..n AUTODATE *** ConocoPhillips pay remaining commitment in 2005 LT 8/3/05 RT 11/10/05 RW 2/20106 Benzene Health Research Consortium Executive Summary 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) Page 10 of 58 AUTODATE I'V ..j:::o. (J) (J) API interest UCHSC interest TOTAL $127,127 $61,009 $21,972,350 Benzene Health Research Consortium Executive Summary 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) Page 11 of 58 AUTO DATE I'V ..j:::o. (J) -.....J Benzene Health Research Consortium Cash Flow Statement 4Q05 Financial Report :@M!i#:W~gili#'W:MM&Mif~m'~Kri(:: LT 8/23/05 RT 04/13/05 NOTE,! $3,298,2471;n bank at API $372,143 (J) I m r r sI : () () r C ;a G) oI (J) 12 of 58 AUTODATE I'V ..j:::o. (J) ex> 15tOtr. 2006 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. Benzene Health Research Consortium Cash Flow Statement 4Q05 Financial Report 2007 2nd Otr. 3rd Otr. 4th Otr. TOTALS (J) I m r r sI : () () r C ;a G) oI (J) 13 of 58 AUTODATE I'V ..j:::o. (J) <D Cost Centers Benzene Health Research Consortium Program Expense Summary 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. o-.....J Benzene Health Research Consortium Program Expense Summary 4Q05 Financial Report r-------------~------~------------~~------------~,--~~~~, Cost Centers (J) I m rr, s: () () r C ;a G,) o (J) I'V ..j:::o. -.....J Page 15 of 58 AUTODATE .....lo. Benzene Health Research Consortium Program Expense Summary 4Q05 Financial Report RT 03/08/06 Amt.At UCHSC & Irons Field exp. Bank acct $15,605,870 ($352,550) API disbursed by period (includes pre-payments for UCHSC & Irons Field) 24,600 1,577,811 7,652,678 318,759 258,097 310,244 66,019 1,348,626 1,047,131 1,338,560 247,035 1,063,761 318,580 3,102,202 131,000 2,500,000 131,000 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. -.....J Page 16 of 58 AUTODATE I'V Benzene Health Research Consortium Program Expense Summary 4Q05 Financial Report r-------------~------~------------~~------------~,--~~~~, Cost Centers LT 8/3/05 RT 03/08/06 API disbursed by period (includes pre-payments for UCHSC & Irons Field) 1,500,000 100,942 570,889 IT IT 23,489,853 (J) I m rr, s: () () r C ;a G,) o (J) I'V .,j:::o. -.....J Page 17 of 58 c..> AUTODATE Benzene Health Research Consortium UCHSC Grant 4Q05 Financial Report (J) I m r UCHSC r statement s:I error for travel, off by +$105 () (4Q03) () r C ;a G) oI (J) I'V ..j:::o. Page 18 of 58 AUTODATE -.....J ..j:::o. Benzene Health Research Consortium UCHSC Grant 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 19 of 58 AUTODATE c-......n.J UCHSC (x81 05) Cost Centers LT 8/02105 BJ 8/02105 RT 02127/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. -.....J (J) Benzene Health Research Consortium UCHSC Grant 4Q05 Financial Report 1st & 2nd Otr. 2003 3r.d Otr. 4th Otr. IstOtr. 2004 2nd Otr. 3rd Otr. 4th Otr. IstOtr. 2005 2nd Otr. 3rd Otr. 4th Otr. Am!. paid UCHSCto date: Am!. expensed to date: Am!. In UCHSC bank acct: (Adjusted 4003: $48,839 attr.ibuted to UCHSC in 3003 Report has been reallocated to Contingency: $25,000 preconsortium gran tin 2001; $3,600 for IRB Review in 2002; $20,239 for EMBSI "feasibility $13,761,880 study" in 2002) (Adjusted 4003: 2001 costs had been double expensed in 2002 column; ($523,807) adjusment $13,778,460 made in 4003) ($16,580) 2QOSvariance adjusted to reflect only current qtr variance bedgeted expense projections revised per 3 May 05 revised program budget Page 20 of 58 AUTODATE UCHSC (x81 05) Cost Centers Benzene Health Research Consortium UCHSC Grant 4Q05 Financial Report 2006 2nd Olr. 3r.d Olr. 4lh Olr. 2007 2nd Olr. 3r.d Olr. 4lh Olr. LT 8/02105 BJ 8/02105 RT 02127/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. -.....J -.....J Page 21 of 58 AUTODATE Benzene Health Research Consortium UCHSC Subcontract 4Q05 Financial Report (J) I m LT 8/3/2005 r BJ 8/02105 rs:I RT 12102105 () () r C ;a G) oI (J) I'V .,j:::o. -.....J ex> "Total subcontracto r expenses" from study report (preliminary figure); "actual expenses" from UC Office of Grants & Contracts spreadsheet (final figures). "2002 subcontractor costs not broken out by UCHSC, so this must be added back into the sum of row totals for total subcontractor costs to balance $1,128,507 1331839 1351912 304797.5 Page 22 of 58 AUTODATE Cost Centers 1st & 2nd Benzene Health Research Consortium Irons Field Expenses 4Q05 Financial Report 4Q03 ADJUSTME NT2001/2002 expense underrecord ed; -0$114,289 adjustment (J) I m r r sI : () () r Amt paid to C Irons to numbers as ;a date $919,486 of 6/30105 G) oI (J) I'V ..j:::o. Page 23 of 58 -.....J <D AUTODATE Cost Centers 2nd Olr. 3r.d Olr. 4lh Olr. Benzene Health Research Consortium Irons Field Expenses 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 24 of 58 AUTODATE ex> o IRONS T&E (X81 06) Cost Centers LT 8/24/05 BJ 8/24/05 RT2I16/06 Amt Irons has spent: Amt. In Irons bank acct: Benzene Health Research Consortium Irons Field Expenses 4Q05 Financial Report 2003 15t & 2nd Otr. 3rd Otr. note -1005 &2005 expenses recprded in $872,369 2005 4th Otr. 15tOtr. 2004 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. 2005 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. 2006 2nd Otr. 3rd Otr. 4th Otr. 15tOtr. $47,117 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 25 of 58 AUTODATE ex> .....lo. IRONS T&E (X81 06) Cost Centers 2007 2nd OIL 3rd OIL 4lh OIL LT 8/24/05 BJ 8/24/05 RT2I16/06 Benzene Health Research Consortium Irons Field Expenses 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 26 of 58 AUTODATE ex> I'V Cost Centers 1st & 2nd Benzene Health Research Consortium AHS 4Q05 Financial Report LT 8/3/05 BJ 4/05/05 (J) RT2I16/06 I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> c..> Adjustment: expense reduced by $52,634; transferred to contingency since these were preconsortia expenses $394,467 Page 27 of 58 AUTODATE Cost Centers 15tOtr. 2nd Otr. 3rd Otr. 4th Otr. Benzene Health Research Consortium AHS 4Q05 Financial Report LT 8/3/05 BJ 4/05/05 (J) RT2I16/06 I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> ..j:::o. Page 28 of 58 AUTODATE Benzene Health Research Consortium Fudan 4Q05 Financial Report LET 8/3/05 BJ 8/01/05 RT2I16/06 .. (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ecx..>n 2Q05 - variance zeroed outonly current cqtr variance shown 2Q05 - ezpense projections revi sed based on 3 May 05 approved budget Page 29 of 58 AUTODATE Benzene Health Research Consortium Fudan 4Q05 Financial Report LET 8/3/05 BJ 8/01/05 RT2I16/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> (J) Page 30 of 58 AUTODATE Benzene Health Research Consortium (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> -.....J Benzene Health Research Consortium SRP + ERP 4Q05 Financial Report (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> Page 32 of 58 AUTODATE ex> 2003 Benzene Health Research Consortium 2005 2006 2007 LT 8/3/05 BJ 4/05/05 RT 2116/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. ex> <D - 1Q04 budget ajustments to variance to develop more useful budget projections for remainder of program Change approved by OC at 4/21/04 meeting Page 33 of 58 AUTODATE Benzene Health Research Consortium SRP + ERP 4Q05 Financial Report LT 8/3/05 BJ 4/05/05 RT 2116/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. <D o Page 34 of 58 AUTODATE Cost Centers Benzene Health Research Consortium Communications 4Q05 Financial Report (J) I m r r s:I Duplicating/Copies Internal, Postage, Couriers, ( ) Telephone, Meals, Lexis Nexis Searches . . . . .( ) J'llm!lm~Wt:~mW1llWAA~~W9'l:mm:mrmmmr!ii.:::r::::::::::::::::::::::::.:.: r mrW:!il~@j*!@m%%.!it::::::::::::::::::::::::.:.:.............................. C ~ - I::ludget adJustrnent retlects budget reduction ;a frorn $1 MM to $550k G) oI LT 8/3/05 (J) RT 1/21/05 I'V ..j:::o. *budget adjustrnent to lower prograrn budget frorn $550K to <D .....lo. Page 35 of 58 AUTODATE Cost Centers Benzene Health Research Consortium Communications 4Q05 Financial Report (J) I m r r s:I Duplicating/Copies Internal, Postage, Couriers, ( ) Telephone, Meals, Lexis Nexis Searches () J'lm~FWWt:~mW1llWAA~~W9fmm:mnmWmr!ii.::) r .mrW:!il~:~m%ff.t:::::::::::::::::::::::::.:.: ............................. C ~ - I::ludget adJustrnent retlects budget reduction ;a frorn $1 MM to $550k G) oI LT 8/3/05 (J) RT 1/21/05 I'V ..j:::o. <D I'V Page 36 of 58 AUTODATE Benzene Health Research Consortium Communications 4Q05 Financial Report 1sl Olr. 2nd Olr. 3rd Olr. 4lh Olr*. I 1sl Olr. 1s101r. (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 37 of 58 AUTODATE <D c..> Benzene Health Research Consortium Communications 4Q05 Financial Report 2006 2nd Olr. 3rd Olr. 4lh Olr. 2 I 1sl Olr. 2007 2nd Olr. 3rd Olr. 4lh Olr. (J) I m r r sI : () () r C ;a G) oI (J) I'V ..j:::o. Page 38 of 58 AUTODATE <D ..j:::o. Cost Centers Benzene Health Research Consortium Legal 4Q05 Financial Report * budget adjustment to lower program budget from $500K to $1 OOK, as approved by OC on 11 III 103 LT 8/3/05 RT2I14/06 $54,081 $85,920 $7,810.86 variance adjusted to reflect only 2005 variance 2005 Budget revised from $100K to $140K per revised program budget approved 3 May 05 $01 $13,5651 $1, 7281 $01 $17, 9151 $3651 $2,9951 $1,8701 $26,0921 $4,8271 $16, 7691 $OF~1i?,11()1 $98,2351 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. Page 39 of 58 c<.Dn AUTODATE Benzene Health Research Consortium Legal 4Q05 Financial Report * budget adjustment to lower program budget from $500K to $1 OOK, as approved by OC on 11 III 103 LT 8/3/05 RT2I14/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V .,j:::o. <D (J) Page 40 of 58 AUTODATE Benzene Health Research Consortium QA-QC 4Q05 Financial Report (J) I m r r sI : () () r budget adjustment to lower C program budget from $225K to ; a $100K, as approved by OC on G) 11/11/03 oI (J) LT 8/3/05 I'V ..j:::o. <D -.....J Page 41 of 58 AUTODATE Benzene Health Research Consortium QA-QC 4Q05 Financial Report (J) I m r r sI : () () r budget adjustment to lower C program budget from $225K to ; a $100K, as approved by OC on G) 11/11/03 oI (J) LT 8/3/05 I'V ..j:::o. <D ex> Page 42 of 58 AUTODATE Cost Centers Benzene Health Research Consortium API Administration 4Q05 Financial Report (J) I m r r sI : () () r C ;a LT 8/1/05 G) oI (J) I'V ..j:::o. <D <D Page 43 of 58 variance reflects 2Q05 variance, only AUTODATE Cost Centers Benzene Health Research Consortium API Administration 4Q05 Financial Report (J) I m r r sI : () () r C ;a LT 8/1/05 G) oI (J) I'V c..n o o Page 44 of 58 AUTODATE Cost Centers RT 2114/06 Miii.&'M@~f:iiii.#ims.@!.i.'%MffuW~I~i:iir Benzene Health Research Consortium API Administration 4Q05 Financial Report 3rd Otr. 4th expenses revised to reflect 3 May 05 revised total program budget (J) I m r r sI : () () r C ;a G) oI (J) I'V c..n Page 45 of 58 AUTODATE o .....lo. API Cost Centers 2006 2nd Olr. 3rd Olr. 4lh Olr. Benzene Health Research Consortium API Administration 4Q05 Financial Report 1s101r. 2007 2nd Olr. 3rd Olr. 4lh Olr. RT 2114/06 Miii.&'M@~f:iiii.#ims.@!.i.'%MffuW~I~i:iir (J) I m r r sI : () () r C ;a G) oI (J) I'V c..n Page 46 of 58 AUTODATE o I'V Benzene Health Research Consortium Contingency Fund 4Q05 Financial Report ** to be reprogrammed as API expense in 3005 LT 8/3/05 RT 2/27/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V c..n o c..> 4003 Adjustment - per Technical Committee, transfer $48,839 from UCHSC expense detail to contingency because expenses not part of UCHSC grant budget: Page 47 of 58 AUTODATE Benzene Health Research Consortium Contingency Fund 4Q05 Financial Report 850,695 $156,391 (J) I m r r sI : () () r C ;a G) oI (J) I'V c..n o ..j:::o. Page 48 of 58 AUTODATE Benzene Health Research Consortium Contingency Fund 4Q05 Financial Report 1. June 2001 $25K grant to UCHSC; seed money exhausted (API & sponsor), expense not included in final grant cost estimate 2. $3600 IRB fees to U of CO (this will be a yearly fee, since IRB must review at least once per year) 3. 2002 invoice ($20,239) from EMBSI for final feasibility study work (very late billing to API) AHS - expense transfer of $52,634 from AHS expense detail to contingency because expenses not (J) part of AHS full I study budget m r r sI : () () r C ;a 3496 46800 50296 7058 422 7480 G) oI (J) Page 49 of 58 AUTODATE I'V c..n o c..n LT 8/23/05 RT 2114/06 (J) I m r r sI : () () r C ;a G) oI (J) cI'.Vn o (J) $57,501 Page 50 of 58 AUTODATE Benzene Health Research Consortium Income 4Q05 Financial Reoort (J) I m r r sI : () () r C ;a G) oI (J) Page 51 of 58 AUTODATE I'V c..n o -.....J Company Name BP (Seed Money) $15,000 $22,500 Inv.# 522922 528453 Date Paid 8-Nov-00 19-Jun-01 Benzene Health Research Consortium Sponsor Invoice Detail 4Q05 Financial Report 2001 2002 (1 st - 2nd Otr.) 2002 (3rd - 4th Otr.) 22-Aug-01 Inv.# Date Paid $768,941 529301 4-0ct-01 9-Jan-02 $806,441 Inv.# Date Paid 532263 22-Feb-02 27-Aug-02 $1,344,069 $112,008 Inv.# Date Paid 535033 11-0ct-02 2-0ct-02 2003 23-Sep-03 Inv.# $1,431,041.00 544951 ~nevron "I ::>,uuul ::>LL~L.:\I (-I\lOV-UU ,,::>LL,DL{ ::>L~.:\uLI ~-UCI-UI ,,::>.:\{ ,DL{ ::>.:\LL44 I LL-~ eD-uLI ,,/j~D,U4DI ::>.:\::>u.:\41 ::>-I\lOV-ULI ,,1,UL/j,{Uu.uul ::>44~::>':\ ConocoPhillips $15,000 522924 31-0ct-00 $7,500 528574 31-Jul-01 $246,314 529309 17-Sep-01 $268,814 532245 16-Jan-02 $448,023 535035 26-Sep-02 $514,349.00 544954 ExxonMobii $0 523540 $1,612,882 $806,441 $806,441 532246 23-Jan-02 11-Feb-02 $1,344,069 535036 13-Sep-02 $1,543,049.00 544956 $771 ,524.50 $771 ,524.50 Shell $15,000 523054 24-0ct-00 $15,000 528333 15-May-01 $507,627 529305 25-Sep-01 $537,627 532247 7-Feb-02 $896,046 $448,023 $448,023 535037 25-Sep-02 10-Feb-03 $1,028,700.00 544958 $514,350 $514,350 Marathon Total $15,000 528541 14-Aug-01 $120,000 $2,045,509 $5,376,273 Marathon Ashland Marathon Oil $5,936,307 $150,000 548582 $50,000 548581 $8,317,588.00 I I 2006 Company Name tW invdate Inv.# :pu.uu Projected Invoicing 2007 Date Paid inv date Inv.# :pu.uu Date Paid Projected TOTALS $7,O68,5411 Chevron $911,959 (J) ConocoPhillips $308,182 I m ExxonMobii r r s:I Shell () $1,093,939 $911,959 () r C Marathon ;a G) oI (J) I'V c..n o ex> $435,071 $0.00 $652,606 $435,071 $4,712,364 $2,356,182 $7,068,545 $4,712,364 $215,00(J Page 52 of 58 AUTODATE Benzene Health Research Consortium Sponsor Invoice Detail 4Q05 Financial Report 2005 PAID Date Paid 4-0ec-03 27-Jan-05 Inv.# Date Paid $2,568,545.00 563928 11-Jul-0!:: TOTALS $7,068,545 1~-I\lOV-U.:I1 ".:ID!:>,.:I.:I4.uul !:>DUU!:>DI '~-JU'-U91 ;p~,~\):>,~~q 27-0ct-03 3-0ct-03 22-Mar-04 $548,000.00 560057 18-Mar-!::l1 II $548,000.00 560058 17-Feb-0 $274,000.00 564774 27-0ec-0!:: $2,048,000 $5,048,000 28 Oct 03 14 Jan 04 $365,334.00 560059 28-Apr-0!:: $3,365,334 20-Jan-04 3-Feb-04 $4,669,213.00 II $215,000 II II $21,110,213 (J) I m r r sI : () () r C ;a G) oI (J) I'V Page 53 of 58 AUTODATE c..n o <D IT _0_ i LT 8/18/05 RT 07/15/05 iVSX!.".".., .'vI!,a,"V,~~ Benzene Health Research Consortium Sponsor Invoice Detail 4Q05 Financial Report .$..1., 6!5e2'v2,,."77A48 ! ! "Wi!' 1OS" KXJ (J) I m r r si : () () r C ;a G) oi (J) I'V Page 54 of 58 AUTODATE c..n .....lo. o Benzene Health Research Consortium Sponsor Payment Detail 4Q05 Financial Report (J) I m r s:r I $ 2,933,879.00 () () r C $21,384,214.09 ;a G) oI (J) I'V c..n Page 55 of 58 AUTODATE .....lo. .....lo. Benzene Health Research Consortium Sponsor Payment Detail 4Q05 Financial Report (note - does not include interest LT 8/3/0511111m1m1l1l11l1lllllllllmllllllincome) RT ~ 2114/06 (J) I m r r sI : () () r C ;a G) oI (J) I'V c..n Page 56 of 58 AUTODATE .....lo. I'V BHRC Sponsor Payments r. ."". d by Sponsor Company Company Date Paid Amount American Petroleum Institute 1/17/2003 $ (I am trying to get this $1.09 1.09 I emoved from the books) BP International Limited BP International Ltd BP p.Lc. BP p.Lc. BP p.Lc. BP p.Lc. BP p.Lc. BP p.Lc. 11/8/2000 $ 6/19/2001 $ 10/4/2001 $ 2/22/2002 $ 10/2/2002 $ 10/11/2002 $ 12/4/2003 $ 7/11/2005 $ 15,000.00 22,500.00 768,941.00 806,441.00 112,008.00 1,344,069.00 1,431,041.00 2,568,545.00 $ BP Total 7,068,545.00 Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco Chev ronTexaco 11/7/2000 $ 10/9/2001 $ 2/22/2002 $ 11/5/2002 $ 11/19/2003 $ 7/19/2005 $ 15,000.00 522,627.00 537,627.00 896,046.00 1,028,700.00 365,334.00 ChevronTexaco Total $ 3,365,334.00 ConocoPhillips ConocoPhillips ConocoPhillips ConocoPhillips ConocoPhillips ConocoPhillips ConocoPhillips 10/31/2000 $ 7/31/2001 $ 9/17/2001 $ 1/16/2002 $ 9/26/2002 $ 10/27/2003 $ 3/18/2005 $ 15,000.00 7,500.00 246,314.00 268,814.00 448,023.00 514,349.00 548,000.00 ConocoPhillips Total $ 2,048,000.00 ExxonMobil Research and Engineering ExxonMobil Research and Engineering ExxonMobil 1/23/2002 $ 806,441.00 2/11/2002 $ 806,441.00 9/13/2002 $ 1,344,069.00 ExxonMobil 10/3/2003 $ 771,524.50 ExxonMobil 3/22/2004 $ 771,524.50 ExxonMobil Total ExxonMobil 2/17/2005 $ 548,000.00 (J) I ExxonMobil 12/27/2005 $ 274,000.00 $ 5,322,000.00 m Marathon Ashland Petroleum, LLC. 8/14/2001 $ 15,000.00 r r Marathon Ashland Petroleum, LLC. 1/20/2004 $ 150,000.00 Marathon Ashland Total s:I Marathon Oil Company 2/3/2004 $ 50,000.00 $ 215,000.00 () Shell Chem ical 10/24/2000 $ 15,000.00 () Shell Chem ical r C Shell Chem ical ;a 5/15/2001 $ 15,000.00 9/25/2001 $ 507,627.00 G) oI (J) Page 57 of 58 I'V c..n .....lo. c..> AUTO DATE Shell Chem ical Shell Chem ical Shell Chem ical Shell Chem ical Shell Chem ical Shell Chem ical LT 8/3/05 RT 2/14/06 2/712002 $ BHRC Sponsor Payments 537,~29~Zfld by Sponsor Company 9/25/2002 $ 2/10/2003 $ 10/28/2003 $ 1/13/2004 $ 4/28/2005 $ 448,023.00 448,023.00 I514,350.00 514,350.00 Shell Chemical Total 365,334.00 $ 3,365,334.00 $ 21,384,214.09 (J) I m r r sI : () () r C ;a G) oI (J) Page 58 of 58 AUTODATE I'V c..n .....lo. ..j:::o.