Document M4g185X9X6N1xBeX76jDKEy77

Lead Industries Association, Inc. 292 Madison Avenue New York, N. Y. 10017 Telephone: (212) 679-6020 SUBJECT: July 17, 1972 FINANCIAL STATEMENT FIRST SIX MONTHS, 1972 TO: BOARD OF DIRECTORS, LEAD INDUSTRIES ASSOCIATION, INC. Gentlemen: Enclosed is the Financial Statement for LIA operations covering the first six months of 1972. It shows as well a comparison with the like period for last year. LIA activities are being carried out well within the budget allocations with one exception, that of expenditures for the Health and Safety Program (Item 16, page 3). The explanation lies in the fact that: (l) There continues to be a much higher level of activity in respect to the lead-in-gasoline situation than had been anticipated when this 1972 budget was proposed; (2) New problem areas for lead have arisen during the first 6 months related to paint, ceramics, and more recently, canned foods and evaporated milk; (3) Activity respecting the Occupational Safety and Health Act has intensified. These events have created the need to utilize Hill & Knowlton's services to a greater extent than had been forecast and, as well, to call on expert and scientific advice and counsel to buttress LIA's testimony before the EPA, OSHA, and other regulatory agencies and legislative bodies. The best available evidence would indicate there is likely to be no decrease in activity in these areas in the next few weeks and months. Nonetheless, we are striving to bring more of the day-to-day monitoring of events and basic testimony preparation "in-house" in order to decrease our dependance on outside counsel. If you have any questions concerning this six-month statement, please let me know. Cordially, PER:so'h Att: Philip E. Robinson Executive Vice President L IA 03 8 2 1 N 4122 IEAD INDUSTRIES ASSN., INC. JULY 10, 1972 COMPARATIVE STATEMENT OF RECEIPTS. DISBURSEMENTS fc FUND BALANCES FIRST SIX MONTHS 1971 Vs. 1972 OPERATING FUND RECEIPTS: 1. Assessments: a. Pig Lead Sales b. All Other 1971 ACTUAL $321,560.1+0 103,060.07 1971 BUDGET $672,000. 172,000. 1972 ACTUAL 1972 BUDGET $291,657.76),., $622,000. 83,450.02)u' 2. Interest on Savings 3. Miscellaneous: a. Publications b. Other 1,293.27 2,000. 2,793.52 [ 1+98.00 5,000. Total All Receipts $1+29,205.26 $851,000. DISBURSEMENTS: 1. Administrative-Schedule "A" $187,091+. 37 $351,400. 2. Promotion & Develojment-Schedule"B" 21+2,217-33 568,600. 3. Final Refund-1970 Assessment Monies 5,258.91+ Total All Disbursements $1+31+, 570.61+ $920,000. CHANGES IN FUND BALANCES ($ 5,365.38) FUND BALANCE Jan. 1 1^9,329.65 2,713.36 1,948.59 544.85 $380,314.58 $189,631.72 156,730.42 _ $346,362.14 $ 33,952.44 93,577.42 2,000. ( 5,000. $629,000. $380,1+00. .295,200. $675,600. FUND BALANCE June 30. $11+3,964.27 $127,529.86 REPRESENTED BY: Cash: Commercial Checking Account Savings Accounts Petty Cash $ 88,079-99 53,138.1+5 100.00 $ 9,006.07 117,181.16 100.00 Receivables & Deposits $11+1,318.1+4 + 2,61+5.83 $126,287.23 + 1,242.63 Total $11+3,964.27 $127,529.86 Note: (Includes $ 25,500.00 of 1971 monies not received until 1972 v ' (Projected year end assessment income is estimated at $61+3,000. o L IA03822 N 4122.01 LEAD INDUSTRIES ASSN., INC. COMPARATIVE STATEMENT OF ADMINISTRATIVE DISBURSEMENTS FIRST SIX MONTHS 1971 Vs. 1972 SCHEDULE "A" PAGE 2 ACTUAL DISBURSEMENTS 1971 ADMINISTRATIVE DISBURSEMENTS 1/1/71-6/30/71 BUDGET 1. Salaries: a. Gross Payroll $ 94,486.85 ( b. Temporary Help 377.90 ($210,000 c. Employment Agency Fees 156.00 ( d. Blue Cross & Blue Shield 1,440.48 ( e. Death Benefit-D.M. Borcina .2 Payroll Taxes 4,597.34 9,000. .3 Pension Premium(Bankers Life Co.) 15,350.50 18,000. ACTUAL DISBURSEMENTS 1/1/72-6/30/72 $ 76,950.85 21.00 1,336.82 15,500.00 4,713.26 6,159.00 1972 BUDGET ( ( ($175,000. ( 8,000. 16,000. 4. Business Insurance: a. General b. N. Y. Disability 828.27 ( 1,200. 105.91 ( 773.27 96.76 ( ( 1,500. 5- Group Insurance .6 Rent 1,628.28 13,500.00 3,200. 27,000. 1,217.25 13,750.00 3,200. 27 ,'000. 7. Travel and Expense .8 ILZRO Health & Safety 16,209.15 17,164.30 40,000. - 16,840.66 22,687.96 40 ;,000. 45,000. 9. Meeting Expenses: a. Annual Meeting b. All Other 1,870.24 ( 89.75 ( 5,000. 1,674.06 383.30 ( ( 2,500. 10. Professional Fees: a. Auditing b. Legal c. Consulting d. All Other n. Printing & Office Supplies 1,200.00 ( 1,269.41 ( 4,000. - (1,170.00 ( 2,575-27 6,000. 1,200.00 - 10,750.02 - 2,611.19 1,200. 2,000. 24,000. 1,000. 6,000. 12. Telephone & Telegrams 3,363.76 6,000. 3,494.17 7,000. 13. Postage and Express 4,989.57 9,000. 4,735.89 10,000. 14. Subscription-Books & Periodicals 454.89 800. 565.51 m 800. 15- Furniture & Equipment 16. Office Services 390.77 3,298.60 2,000. 8,500. 294.25 2,532.22 O -- 1,000. 7,000. F- Technical Association Dues 18. Miscellaneous 96.50 480.63 700. 1,000. 172.50 1,171.78 700. H \J \ 8 Total $187,094.37 $ 351,400. $189,631.72 $ 380,400. LEAD INDUSTRIES ASSN., INC. PA 3 COMPARATIVE STATEMENT OF PROMOTION & DEVELOPMENT DISBURSEMENTS V r FIRST SIX MONTHS 1971 Vs. 1972 SCHEDULE "B" ACTUAL DISBURSEMENTS 1971 PROMOTION & DEVELOPMENT DISBURSEMENTS: l/l/71-6/30/71 BUDGET 1. Publicity: a. Agency Fees $ 37,500.00 $ 70,000. b. Out-of-pocket Agency Expenses 2. Space Advertising: 3,980.80 5,000. a. Space 76,950.60 160,000. b. Misc. & Production Costs 3.- Conventions & Exhibits: 12,791.46 20,000. a. Plant Engineering & Maintenance Show b. Design Engineers Show c. Chemical Show 1,165.09 ( 1,011.00 ( - ( 5,000. d. National Plumbing Exposition e. Miscellaneous 4, New Literature & Booklets 793.89 ( 1,408.98 ( 939.00 5,000. 5. Lead Monograph 6. Corrosion Handbook 7. Annual Review 8. Existing Literature Expenses: 492.60 8,000. 4,000. 2,000. a. Lead Magazine 1. Printing Costs 2. Mailing Costs 1,824.49 5,918.57 ( ( 45,000. 3. Mailing List Maintenance -( b. Lead Abstracts 7,249.30 13,000. c. Misc. Literature 9. Reprinting Technical Articles 10. Test Programs 208.16 3,389.67 152.76 3,000. 10,000. 5,000. 11. Illustrative & Photographic Expenses 12. Motion Picture "The Lead Matrix": 557.06 2,000. a. General Distribution b. U. S. Bureau of Mines 13- Apprentice Contest 14. Contribution to Technical Societies: 551.55 - - 10,600. 2,000. 1,500. a. National Shooting Sports Foundation 65O.OO ( b. Steel Structures Painting Council 1,000.00 ( 3,400. c. Electric Vehicle Council -( d. ANSI 15. Zinc & Lead International Service 16. Health & Safety Program: 750.00 10,297.70 ( 29,100. a. Hill & Knowlton - Regular b. Hill & Knowlton - Lead & Gas. 32,802.43 ( 27,270.84 ( c. Lead In Pediatrics d. Kettering Abstracts e. Miscellaneous 17. Contingency Material From ILZRO ;l8. Contingency: Miscellaneous Promotion 5,061.50 3,926.58 1,349.00 397.50 1,826.80 ( 152,000. ( ( 10,000. 3,000. Total $242,217.33 $568,600. ACTUAL DISBURSEMENTS 1/1/72-6/30/72 1972 BUDGET $ 32,002.00 2,369.49 $ 64.000. 6,000. - ( - ( -( ( 206.00 ( _ 795-37 - 5,000. _ - 1,500. 5,221.29 330.00 6,131.88 96.00 2,943.05 80.00 712.51 1,769.50 - ( ( 30,000. ( 13,000. 2,000. 7,450. 1,000. 1,500. 5,500. 1,000. - 1,000.00 1,000.00 750.00 8,137.50 67,172.76 18,872.61 4,872.91 2,029.55 238.00 $156,730.42 ( ( ( 2,750. ( 22,500. ( ( ( 125,000. ( ( 5,000. 2,000. $295,200. LIAC3824