News Room







SRSPF REPORT OF GENERAL AND ADMINISTRATIVE EXPENSES - NINE MONTHS ENDED JANUARY 31, 2005

03/21/2005, by Fund Administrator,  


Dear Musicians,

In an effort to keep musicians abreast of new developments at the SRSPF and to provide them with information that impacts on their annual distributions, the SRSPF will periodically post its actual financial results (audited and unaudited) to the website. Our first such report will be the unaudited general and administrative expenses for the nine months ended January 31, 2005, as noted below. Total expenses during this period totalled $2,778,956, which was within 1% of the amount budgeted for this period. The next report of financial results is expected to be posted to the website this summer for the audited financial statements for the year ended April 30, 2005.

Sincerely,

V.Robert DiPaola
Fund Administrator


General & Administrative Expenses
for the Nine Months Ended January 31, 2005

   
 
ACTUAL
 

Salaries
$825,689
Occupancy & Storage
351,665
Employee Fringe Benefits
249,456
Insurance
85,366
Travel
4,653
Temporary Help
8,429
Payroll Taxes
63,424
Computer Hardware/Software Maintenance & Supplies
101,404
Office Supplies & Expenses
21,280
Postage & Delivery
17,711
Employee Training
1,073
Communications
34,418
Publications, Subscriptions & Research
662
Repairs & Building Maintenance
11,202
Printing
7,145
Payroll & 401(K) Processing Fees
7,551
Computer Lease Expense
43,967
Interest Expense
1,019
Professional Fees
912,750
Bank Charges
26,467
Loss on disposal of assets
3,625

$2,778,956