| Operating Income: | 2006 Actual |
2007 Budget |
| Interest on Loans | $788,713.87 |
$825,000 |
| Income from Investments | 376,487.98 |
400,000 |
| Fees and Charges | 30,719.91 |
35,000 |
| Misc. Operating Income | 87,422.42 |
114,000 |
|
Total Operating Income |
1,283,344.18 |
1,374,000 |
| Operating Expenses: | 2006 Actual |
2007 Budget |
| Compensation | $261,195.95 |
$300,000 |
| Employee Benefits | 89,688.61 |
95,000 |
| Travel & Conference | 9,432.23 |
10,000 |
| Association Dues | 5,204.69 |
5,000 |
| Office Occupancy | 56,985.66 |
60,000 |
| Office Operations | 113,770.58 |
120,000 |
| Education & Promotion | 30,684.04 |
35,000 |
| Loan Servicing | 96,239.26 |
100,000 |
| Professional Services | 97,398.34 |
115,000 |
| Operating Fees | 5,271.10 |
6,000 |
| Cash Short & Over | (115.00) |
0 |
| Annual Meeting Expense | 1,131.94 |
1,000 |
| Miscellaneous | 9,171.59 |
7,500 |
| Interest on Borrowed Funds | 2.74 |
0 |
| Provision for Loan Loss | 51,000 |
45,000 |
|
$827,061.73 |
$898,500 |
| Non-operating Gain/Loss | 2006 Actual |
2007 Budget |
| Income Before Dividends | $456,282.45 |
$475,500 |
| Dividends | 334,000.56 |
350,000 |
|
$122,281.89 |
$125,500 |
 |
755 Brewster Avenue
Redwood City, CA 94063 (T) 650-366-7777 (F) 650-366-0748 |
Hours: Monday-Friday 9:00-5:00 |
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