December '06 TreasRpt(FINAL_2)

Treasurer's Report December 31, 2006 including the 2007 Budget (Unaudited)

James MacIntyre II, M.D., TreasurerPat Clark, ComptrollerJerry L. Lane, Senior AccountantNaomi Franklin, Accounting Assistant

P:\Communications\Transparency Portal\Treasurers Reports\December '06 TreasRpt(FINAL_2)1/14/20096:40 PM

(Unaudited)Treasurer's ReportDecember 31, 2006

Balance Sheet Page 1

Statement of Activities

Membership dues and fees Page 3

U. S. Government Grants Page 4

Research Initiatives Page 5

Annual Meeting and Annual Meeting Institutes Pages 6-7

Annual Review Page 8

Mid-Year Institute Page 9

January Institute Page 10

Journal Page 11

AACAP News Page 12

Components Page 13

Publications Page 14

Central Office Page 15

Building Operations Page 16

Special Funds - Restricted/Designated Funds Page 17

Presidential Initiative/Expenses Page 18

Reserves Page 19

Campaign for America's Kids Page 20

Pharmaceutical Funding Page 21

American Academy of Child & Adolescent Psychiatry

Balance Sheet(Unaudited)

12/31/2006 12/31/2005 Variance 12/31/2004ASSETS (Audited)

1. Cash and cash equivalents $4,857,070 $4,387,614 $469,457 $3,196,2502. Investments 4,374,842 3,960,604 414,239 3,795,2753. Contributions receivable 113,300 198,220 (84,919) 91,2224. Accounts receivable, net 373,917 194,029 179,889 531,1585. Unbilled Revenue 450,727 329,152 121,5756. Deposits & prepaid expenses 130,798 145,869 (15,071)7. Property & Equipment (net of depreciation) 1,975,212 1,920,195 55,017 1,823,696 8. Total Assets $12,275,866 $11,135,682 $1,140,185 $9,437,600

LIABILITIES AND NET ASSETS

9. Accounts payable and accrued expenses $367,551 $351,145 $16,406 $330,78810. Compensation payable 121,485 134,359 (12,874) 191,59511. Deferred revenue & advance deposits 338,398 455,746 (117,348) 177,08912 Deferred membership dues 1,141,090 1,018,226 122,864 1,051,55013. Regional Council dues payable 142,940 155,407 (12,467) 161,70414. Other liabilities 69,357 38,050 31,307 71,249

15. Total Liabilities 2,180,821 2,152,933 27,887 1,983,975

NET ASSETS

16. Undesignated 5,977,428 4,837,425 1,140,003 4,542,41617. Unrestricted and Board designated 237,212 291,352 (54,140) 260,62518. Total unrestricted 6,214,640 5,128,777 1,085,863 4,803,04119. Temporarily restricted 2,742,713 2,366,279 376,434 1,512,89220. Permanently restricted 1,137,692 1,487,692 (350,000) 1,137,692

21. Total Net Assets 10,095,045 8,982,749 1,112,297 7,453,625

22. Total Liabilities & Net Assets $12,275,866 $11,135,682 $1,140,184 $9,437,600

Notes:

Line 11 - Deferred revenue is primarily the $210K unrecognized portion of the Lippincott Williams & Wilkins signing bonus received in 2005 The bonus is to be recognized over 5 years, the life of the contract, with $70K recognized in 2005 2006, 2007, 2008 and 2009

2005- The better financial picture is primarily from $350K Journal bonus; increase in special funds (i.e. Karl Menninger Plenary); increase in dividends and interest income; registration for annual meeting up $100K over 2004; and increased donations to the E. Schlosser Lewis Fund.

December '06 TreasRpt(FINAL_2) 1 1/14/20096:40 PM

American Academy of Child and Adolescent PsychiatrySTATEMENT OF ACTIVITIES(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 Variance(12/06 - 12/05)

1 Membership dues and fees (page 3) 2,307,000 2,276,800 1,985,237 1,966,561 18,6762 U.S. Government Grants (page 4) 1,143,676 790,000 953,138 857,388 95,7503 Research Initiative (page 5) 185,700 204,188 193,343 211,763 (18,420)4 Annual Meeting and Institutes (page 6-7) 1,496,300 1,256,300 1,621,127 1,467,855 153,2725 Annual Review (page 8) 102,400 98,400 102,620 125,820 (23,200)6 Mid-year Institute (page 9) 37,550 44,650 33,341 48,657 (15,316)7 January Institute (page 10) 297,800 85,500 174,119 140,019 34,1008 Journal (page 11) 1,049,000 782,000 1,109,706 990,405 119,3019 Regional Assembly Dues Collection Fees 18,000 30,000 11,765 17,820 (6,055)

10 Member List Sales 40,000 40,000 64,907 14,672 50,23511 AACAP News (page 12) 35,000 35,000 45,450 10,962 34,48812 Building Income (page 16) 78,600 76,000 69,643 82,656 (13,013)13 Dividends and Interests 170,000 93,000 346,359 70,706 275,65314 Investment Gain or (Loss) 0 0 287,157 55,777 231,38015 Publications (page 14) 168,500 75,500 133,958 148,649 (14,691)16 Member Benefit Royalties (page 12) 170,000 120,000 164,781 151,293 13,48817 Book Drop/Noshpitz 5,000 5,000 5,000 (5,000)18 JobSource 55,000 50,000 52,900 61,497 (8,597)19 Other Royalties and Adjustments 7,500 3,000 24,243 7,450 16,79320 Special Funds (page 17) 572,000 500,000 536,190 1,312,897 (776,707)

21 Total Revenue 7,939,026 6,565,338 7,909,984 7,747,846 162,138

EXPENSE

22 U.S. Government Grants (page 4) 1,143,676 778,425 953,138 682,577 (270,561)23 Research Initiative (page 5) 258,600 189,928 120,166 84,559 (35,607)24 Annual Meeting and Institutes (page 6-7) 942,050 750,350 844,467 828,174 (16,293)25 Mid-year Institute (page 9) 51,600 35,750 38,046 45,032 6,98626 January Institute (page 10) 171,550 42,150 80,965 66,419 (14,546)27 Journal (page 11) 691,600 571,840 645,166 546,348 (98,818)28 Annual Review (page 8) 91,200 65,700 80,644 77,061 (3,583)29 AACAP News (page 12) 150,000 131,500 153,855 123,227 (30,628)30 Components (page 13) 560,900 512,375 623,248 505,523 (117,725)31 Solomon Smith Barney Investment Fee 50,000 50,000 46,426 51,800 5,37432 Audit Fee 50,000 50,000 51,895 47,330 (4,565)33 Publications (page 14) 87,650 108,610 163,956 103,752 (60,204)34 Book Drop/Noshpitz 5,000 3,000 1,076 5,000 3,92435 JobSource 5,000 5,000 7,885 8,374 489

36 Total Program Expenses 4,258,826 3,294,628 3,810,933 3,175,177 (635,756)

37 Supporting Services38 Central Office (page 15) 2,527,724 2,850,150 1,960,151 2,118,032 157,88039 Building Operations (page 16) 330,300 267,100 333,284 400,507 67,222

40 Total Supporting Services 2,858,024 3,117,250 2,293,436 2,518,539 225,103

41 Total Expense 7,116,850 6,411,878 6,104,369 5,693,716 (410,653)

42 Net Income from Activities 822,176 153,460 1,805,615 2,054,130 (248,516)43 Release from Net Assets (Restricted) (Page 17) 0 547,882 459,511 88,372

44 President Honorarium 70,000 67,500 68,125 48,750 (19,375)45 Presidential Initiative Fund (pages 18 & 19) 046 R. Sarles - 2005 7,653 7,65347 T. Anders - 2003-2007 45,968 9,094 (36,874)48 R. Hendren - 2005-2009 31,345 0

49 Total Expense 7,186,850 6,479,378 6,797,689 6,218,723 (578,966)

50 Revenue Less Expenses (Net Profit and Loss) $752,176 $85,960 $1,112,295 $1,529,123 ($416,828)

51 Revenue Less Expenses (Unrestricted) $180,176 ($414,040) $1,123,987 $675,736 $448,251

Notes:

Line 51 is Net Revenue (line 50) without the Special Funds Revenue from line 20 and the corresponding Release from Net Assets on line 43.

December '06 TreasRpt(FINAL_2) Page 2 1/14/20096:40 PM

American Academy of Child and Adolescent PsychiatryMEMBERSHIP DUES & FEES(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceMEMBERSHIP DUES & FEES (12/06 - 12/05)

1 General/Fellows (4010) $2,150,000 $2,107,000 $1,832,283 $1,824,719 $7,5642 Affiliates (4011) 55,000 59,000 48,038 53,320 (5,282)3 Corresponding (4012) 45,000 43,000 44,671 36,299 8,3724 C&A Trainees (4016) 20,000 39,000 21,355 20,185 1,1705 General Psy. Resident(4013) 30,000 25,000 30,770 21,860 8,9106 Pediatric Resident (4015) 1,000 300 435 4,248 (3,813)

7 Total 2,301,000 2,273,300 1,977,552 1,960,631 16,921

8 Application Fees 6,000 3,500 7,685 5,930 1,755

9 Total Dues $2,307,000 $2,276,800 $1,985,237 $1,966,561 $18,676

Notes:

Membership consists of the following at: 12/31/2006 12/31/2005 12/31/2004General/Fellows ($350) 5,863 5,361 5,678Life Fellows/Active 626Affiliate ($295) 194 183 221Life Affiliate ($295) 14Corresponding ($215) 211 175 170Life Corresponding 11C&A Trainee ($60) 645 601 427Gen. Psychiatry Resident ($60) 273 221 4Medical Student ($0) 222 127 59Pediatric Resident ($60) 6 5 4Non-Member JoiningHonorary 21TOTAL 8,086 6,673 6,563

As part of an effort to understand selection of Child and Asolescent Psychiatry as a medical specialty, all CAP trainees who completed a quewere given a 50% dues reduction for that year's dues (2005 & 2006). This is a two year effort.


American Academy of Child and Adolescent PsychiatryGOVERNMENT GRANTS & OTHER CONTRACTS(Unaudited)

GRANT REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 Variance(12/06 - 12/05)

1 Spurlock Minority Research Fellows-NIDA (4152 ) $10,000 $45,000 $56,7212 Spurlock Minority Clinical Fellows-CMHS (4149 ) 95,000 190,0003 K12 (Leventhal Year 5) (1100 ) - 12,7414 K12 (Riggs Year 6) (1200 ) - 256,031 (256,031)5 K12 (Riggs Year 7) (1200 ) 650,000 641,596 333,2956 K12 Years 8 and 9 (1220 ) 1,133,676 307,462 307,4627 CAPTN (See P. 5)8 Total Grant revenue 1,143,676 790,000 949,058 848,788 100,270

9 Systems of Care (McNeil+Registration) (1620 ) - 4,080 8,600 (4,520)

10 Total Gov & Other Grants/Contracts 1,143,676 790,000 953,138 857,388 95,750

EXPENSE

11 Spurlock - Minority Research Fellows-NIDA (4152 ) 10,000 28,425 9,856 9,85612 Spurlock - Minority Clinical Fellows-CMHS (4149 ) 100,000 - 66,901 66,90113 K12 (Leventhal Year 5) (1100 ) - 12,741 12,74114 K12 (Riggs Year 6) (1200 ) 234,892 234,89215 K12 (Riggs Year 7) (1200 ) 650,000 612,430 316,268 (296,162)16 K12 Years 8 and 9 (1220 ) 972,700 306,326 (306,326)17 Systems of Care (McNeil+Registration) (1620 ) 4,080 0 (4,080)18 CAPTN (See P. 5)

19 Subtotal Expense 982,700 778,425 922,836 640,658 (282,178)

20 Staff time and fringe benefit allocation 77,000 - 30,302 41,919 11,61721 Overhead allocation 83,976

22 Total Expense 1,143,676 778,425 953,138 682,577 (270,561)

23 Net Income (Loss) - $11,575 $0 $174,811 ($174,811)

Notes:

Lines 1 & 2 - NIDA and CMHS funding request for 2006 was submitted in June and received in August. There will be no CMHS funding in 2007. In 2005 AACAP received $190K from CMHS for grant invoices for 2003 and 2004.

Lines 5 & 15 - K-12 NIDA Riggs award (2004-2009). $650K projected to be received in 2006 . Grant started on 7/1/2005 with first year completed on 9/30/05.

Lines 20 and 21 - AACAP will recover salaries and fringe benefits of $77,000, and overhead of $83,976 in 2007 from NIDA K-12 grant.


American Academy of Child and Adolesent PsychiatryResearch Initiatives(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceResearch Initiatives - 1501-1509 (Annual) (Annual) (Annual) (Annual) (12/06 - 12/05)

1 Eli Lilly $25,000 $25,000 $25,000 $25,000 $02 McNeil Pharmaceuticals 25,000 25,000 25,000 25,000 03 Shire 25,000 25,000 25,000 25,000 04 GlaxoSmithKline 25,000 25,000 50,000 (25,000)5 Janssen 25,000 25,000 25,000 25,000 06 Pfizer 25,000 25,000 25,000 25,000 07 CAPTN 41,700 41,188 24,993 26,441 (1,448)8 Integrated Research Training 9,0009 Research Forum 5,000 8,000 8,350 5,322 3,028

10 Cephalon, Inc 5,000 5,000 10,000 5,000 5,000

11 Total Revenue 185,700 204,188 193,343 211,763 (18,420)

12 EXPENSE

13 Work Group on Research 56,000 11,050 12,977 3,868 (9,109)14 Research Forum 32,950 35,690 22,997 10,425 (12,572)15 E I G (formerly YIC) 15,800 26,150 14,209 14,20916 P P I 8,050 7,000 1,194 1,455 26117 CAPTN 41,700 41,188 23,461 2,564 (20,897)18 Integrated Research Training 9,000 0 019 CAPRI 925 92520 Founders Meeting 14,100 13,850 6,592 4,212 (2,380)

21 Subtotal 177,600 134,928 67,221 37,658 (29,563)

22 Staff Time23 Research Department 40,000 0 29,440 21,484 (7,956)24 Other Departments 5,000 0 0 524 524

25 Overhead 36,000 55,000 23,505 24,893 1,388

26 Total Expense 258,600 189,928 120,166 84,559 (35,607) 27 Balance Research Initiative ($72,900) $14,260 $73,177 $127,204 ($54,027)

Notes:

Line 13 - 2007 budget includes an additional $40K to support the new Integrated Research Training Program.

Summary

RevenueRevenue Prior to 2004 736,300$ 2004 Total Revenue 191,7152005 Revenue 211,7632006 Revenue 193,343 Total Revenue 1,333,121

ExpensesExpenses Prior to 2004 441,129$ 2004 Total Expenses 175,1752005 Total Expenses 84,5592006 Expenses 120,166Total Expenses 821,029

28 Balance Research Initiative @ 11/30/06 512,092$

Line 27 - Research Initiative's goal is to maintain a minimum balance of $200,000.


American Academy of Child and Adolescent PsychiatryANNUAL MEETING & ANNUAL MEETING INSTITUTES(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceANNUAL MEETING BOSTON SAN DIEGO SAN DIEGO TORONTO (12/06 - 12/05)

1 Registration fees: members $275,000 $300,000 $352,204 $251,933 100,2712 Registration fees: non-members 450,000 275,000 418,877 534,298 (115,421)3 Exhibits/Literature Tables 130,000 120,000 180,062 131,543 48,5194 Workshops 38,000 40,000 38,680 38,169 5115 Royalties 14,000 8,000 2,103 11,520 (9,417)6 General Sponsorship 85,000 180,000 111,250 140,000 (28,750)7 CME Sponsorship (except Insitutes) 140,000 20,000 80,000 40,000 40,0008 Registration Magazines 1,500 5,000 10,385 1,613 8,7729 Study groups 7,000 4,800 6,390 6,820 (430)

10 Clinical practica 2,800 3,000 4,000 2,576 1,42411 Clinical consultation breakfasts 10,000 7,000 11,053 8,449 2,60412 International Symposium/Reception 80,000 70,000 80,000 80,000 013 Training reception and dinner 4,000 4,000 4,705 10,817 (6,112)14 Proceedings book 25,000 25,000 105 186 (81)15 NIMH Research Breakfast 0 1,000 15 (15)16 NIDA Sponsorship 40,42517 Contribution for Noshpitz History Lecture 2,000 2,000 2,000 2,000 018 Art Show Committee 2,500 2,500 2,500 2,500 019 Grove School /Book Drop 3,000 3,000 3,000 3,000 0

20 Subtotal Annual Meeting Revenue 1,269,800 1,070,300 1,347,739 1,265,439 82,300

AM INSTITUTE REVENUE21 Registration fees: members 110,000 130,000 171,885 110,602 61,28322 Registration fees: non-members 80,000 35,000 70,320 79,287 (8,967)23 CME Institute Sponsorship 25,000 15,000 25,000 25,00024 Tape royalties 1,500 1,000 657 2,660 (2,003)25 Notebook sales 10,000 5,000 5,526 9,867 (4,341)

26 Subtotal AM Institute Revenue 226,500 186,000 273,388 202,416 70,972

TOTAL REVENUE FOR27 ANNUAL MEETING & INSTITUTES 1,496,300 1,256,300 1,621,127 1,467,855 153,272

EXPENSEActivities and events:

28 Opening Reception 80,000 85,000 87,329 80,972 (6,357)29 President's Reception 36,000 34,000 31,501 39,292 7,79130 International Symposium/Reception 65,000 65,000 40,517 34,996 (5,521)31 Exhibits Expense 40,000 50,000 21,565 35,847 14,28232 Workshops 5,000 10,000 11,766 4,767 (6,999)33 Training reception and dinner 4,000 4,000 13,341 5,625 (7,716)34 Media theater 2,000 4,000 2,323 0 (2,323)35 Plenary speakers 2,500 2,500 3,000 192 (2,808)36 New research 2,500 6,000 194 2,175 1,98137 NIMH Research Breakfast 0 2,000 763 1,038 27538 NIDA Presentation 10,520 0 (10,520)39 Early Career Breakfast 2,000 3,970 1,809 (2,161)40 Clinical practicum 2,800 2,400 3,096 2,691 (405)41 Plenary speakers-travel 0 3,000 598 184 (414)42 Study groups 2,800 2,500 4,494 2,079 (2,415)43 Program Committee travel/grants 5,000 044 Program Committee honoraria 10,000 4,000 045 Noshpitz history lecture 1,750 1,750 716 71646 Art Show Committee 2,000 2,000 2,591 211 (2,380)47 Clinical consultation breakfasts 6,000 8,200 6,445 5,730 (715)48 Canadian Embassy Reception 0 34,662 34,66249 Sub-total 267,350 $288,350 $244,013 $252,986 $8,973


American Academy of Child and Adolescent PsychiatryANNUAL MEETING & ANNUAL MEETING INSTITUTES (CONT)(Unaudited)

2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceANNUAL MEETING CTDPlanning Expenses BOSTON SAN DIEGO SAN DIEGO TORONTO (12/06 - 12/05)

1 Registration Magazine $25,000 $25,000 $22,358 $18,577 ($3,781)2 Proceedings 20,000 22,000 19,338 18,417 (921)3 Honors Book 7,000 6,000 3,306 6,334 3,0284 Printing 6,000 2,000 11,859 5,212 (6,647)5 Program 32,000 25,000 25,292 27,373 2,0816 Tote Bags 20,000 18,000 15,258 16,554 1,2967 Program Committee 28,000 27,000 27,115 21,394 (5,721)8 Call for Papers 55,000 7,000 4,617 4,636 199 Posters and Flyers 5,000 4,000 4,810 4,540 (270)

10 Program Chairman Support 2,400 2,400 0 1,557 1,55711 Press Release 1,000 1,000 0 490 49012 Local Arrangements 5,000 8,000 5,371 2,550 (2,821)13 Security 6,000 6,000 6,553 4,994 (1,559)14 Internet Connection Fee 8,000 4,000 6,168 6,146 (22)15 Site visit 2,000 3,500 399 455 5616 Promotion to Non Members 4,000 4,000 3,333 2,641 (692)17 Signs 2,800 2,400 3,617 2,639 (978)18 Honoraria19 Designs 7,000 7,000 1,525 5,285 3,760

20 Sub Total 236,200 174,300 160,919 149,794 (11,125)

21 Audio visual expenses 45,000 35,000 29,341 43,564 14,22322 Postage 10,000 12,000 25,489 8,759 (16,730)23 Hotel 8,000 14,000 10,355 5,451 (4,904)24 Staff travel and hotel 15,000 20,000 21,191 12,450 (8,741)25 Registration services 15,000 24,000 17,486 14,806 (2,680)26 Telephone 2,500 2,500 1,138 2,047 90927 Shipping 5,000 25,000 202 4,577 4,37528 Supplies 1,500 3,500 177 0 (177)29 Staff and press office 1,000 3,000 3,504 704 (2,800)30 Computer Consultants 3,000 1,200 2,373 1,234 (1,139)31 Professional Fees 0 5,000 3,463 3,519 5632 Equipment rental 5,000 5,000 8,432 0 (8,432)33 Meeting Manager 1,000 1,000 910 91034 Other Temps 26,00035 Registration Temps 40,000 20,000 36,329 37,187 85836 Other administrative expenses 1,500 1,500 144 235 91

37 Subtotal Annual Meeting Expense 153,500 172,700 185,624 135,443 (24,181)

38 Total Annual Meeting Expense 657,050 635,350 590,556 538,223 (26,333)

39 Institute Expenses40 Travel 20,000 16,000 10,751 10,459 (292)41 Hotel 30,000 30,000 29,276 25,415 (3,861)42 Honoraria 14,000 32,000 31,450 28,749 (2,701)43 Printing 15,000 12,000 15,758 10,221 (5,537)44 Audio Visual 12,000 16,000 9,502 9,282 (220)45 Postage 12,000 9,000 243 23,852 23,609

46 Subtotal Institute Expenses 103,000 115,000 96,980 107,978 10,998

47 Total AM & Institute Expenses 760,050 750,350 687,536 646,201 (41,335)

48 Subtotal: Net Income/(Loss) 736,250 505,950 933,591 821,654 194,607

49 Staff Time 182,000 156,931 181,973 25,042

50 Total Expenses 942,050 750,350 844,467 828,174 (16,293)

51 Total Net Income / (Loss) 554,250 $505,950 $776,660 $639,681 $136,979

Notes:Line 8 - Includes set-up costs for the On-Line submission process ($50K).

Line 49 - The 2007 budget is the first to charge staff time to this program.


American Academy of Child and Adolescent PsychiatryANNUAL REVIEW(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceMarch March March June

ANNUAL REVIEW - 2900 PITTSBURGH CINCINNATI CINCINNATI BALTIMORE (12/06 - 12/05)1 Registration fees - members $65,000 $65,000 $62,065 $74,687 ($12,622)2 Registration fees - non-members 25,000 25,000 24,025 38,350 (14,325)3 Tape royalties 6,000 4,000 13,183 7,023 6,1604 Exhibits 1,800 1,400 3,255 850 2,4055 Notebook sales & misc 4,600 3,000 92 4,910 (4,818)

6 Total revenue 102,400 98,400 102,620 125,820 (23,200)

EXPENSE

7 Honoraria 22,000 22,000 21,000 19,500 (1,500)8 Hotel 18,000 18,000 17,224 11,757 (5,467)9 Staff - travel expenses 2,000 2,000 2,016 512 (1,504)

10 Faculty - travel 1,200 1,200 1,033 556 (477)11 Postage and delivery 2,500 2,500 1,563 1,140 (423)12 Printing & design 14,000 12,000 14,259 16,939 2,68013 Audio-visuals 7,000 6,000 6,466 6,105 (361)14 Sat. session costs 4,000 1,500 3,833 1,492 (2,341)15 Other (supplies, hosp., fees) 500 500 197 519 322

16 Subtotal 71,200 65,700 67,591 58,520 (9,071)

17 Staff time and overhead allocation 20,000 13,053 18,541 5,488

18 Total Expense 91,200 65,700 80,644 77,061 (3,583)

19 Net Income/(Loss) 11,200 $32,700 $21,976 $48,759 ($26,783)

Notes:

In response to the revised Board Exam schedule, the 2006 meeting was moved from June to March.

Line 17 - The 2007 budget is the first budget to charge staff time to the Annual Review.


American Academy of Child and Adolescent PsychiatryMID YEAR INSTITUTE(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceApril April April April

MID YEAR INSTITUTE - 2520 FLORIDA WASHINGTON WASHINGTON LA JOLLA (12/06 - 12/05)1 Registration fees- members $30,000 $30,000 $27,140 $39,319 ($12,179)2 Registration fees- non-members 5,000 12,000 3,305 7,235 (3,930)3 Exhibits 1,800 1,400 2,100 0 2,1004 Tape royalties 750 750 796 1,253 (457)5 Notebook sales & misc 500 850 (850)

6 Total revenue 37,550 44,650 33,341 48,657 (15,316)

EXPENSE

7 Honoraria 8,500 8,500 7,750 8,500 7508 Hotel 12,000 12,000 11,312 11,215 (97)9 Staff - travel expenses 1,000 750 329 59 (270)

10 Faculty 2,600 2,000 2,325 1,971 (354)11 Postage and delivery 1,000 1,000 304 544 24012 Printing & design 9,000 8,000 7,911 8,240 32913 Audio-visuals 3,000 3,000 2,521 2,52114 Other (supplies, hosp., fees) 500 500 239 239

15 Subtotal 37,600 35,750 29,931 33,289 3,358

16 Staff time/overhead allocation 14,000 8,115 11,743 3,628

17 Total Expense 51,600 35,750 38,046 45,032 6,986

18 Net income/(loss) (14,050) $8,900 ($4,705) $3,625 ($8,330)

Notes:

In 2005, the Institute changed from Psychopharmacology to Maintenance of Certification to better serve AACAP member needs.

Line 16 - The 2007 budget is the first budget to allocate staff time to this program.


American Academy of Child and Adolescent PsychiatryJANUARY INSTITUTE - NEW YORK(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceJanuary January January January

JANUARY INSTITUTE - 2530 NEW YORK NEW YORK NEW YORK NEW YORK (12/06 - 12/05)1 Registration fees- members $95,000 $62,000 $113,773 $99,532 $14,2412 Registration fees- non-members 40,000 20,000 48,960 34,552 14,4083 Registration fees- members (Online CME) 2,000 4 Registration fees- non-members (Online CME) 4,000 5 Exhibits 3,000 1,400 4,900 1,400 3,5006 Tape royalties 3,000 1,400 5,133 3,286 1,8477 Notebook sales & misc 800 700 1,353 1,249 1048 Online CME Sponsorship 150,000

9 Total revenue 297,800 85,500 174,119 140,019 34,100

EXPENSE

10 Honoraria 20,000 9,000 9,500 8,000 (1,500)11 Hotel 26,000 12,000 23,102 19,603 (3,499)12 Staff - travel expenses 2,200 1,500 2,116 274 (1,842)13 Faculty 1,800 1,500 1,674 970 (704)14 Telephone 50 50 15 0 (15)15 Postage and delivery 3,000 3,000 624 518 (106)16 Temporary Help 1,000 300 962 128 (834)17 Printing & Design 10,000 8,500 11,352 7,692 (3,660)18 Audio-visuals 12,000 6,000 12,342 8,058 (4,284)19 CME-Online Vendor fees 15,000 20 CME-Online Marketing 30,000 21 Other (supplies, hosp., fees) 500 300 384 239 (145)

22 Subtotal 121,550 42,150 62,071 45,482 (16,589)

23 Staff time/overhead allocation 50,000 18,894 20,937 2,043

24 Total Expense 171,550 42,150 80,965 66,419 (14,546)

25 Net income/(loss) 126,250 $43,350 $93,154 $73,600 $19,554

Notes:

Lines 3, 4, 8, 19 and 20 relating to On-line CME are new in the Budget in 2007. Line 10 also includes funds for Online CME ($10,000).

Line 8 - Anticipate $150,000 from Eli Lilly for Online CME sponsorship again in 2007. The 2006 Eli Lilliy sponsorship is shown on page 17, Line 8.

Line 23 - The 2007 budget is the first budget to charge staff time to this program.


American Academy of Child and Adolescent PsychiatryJOURNAL(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceJOURNAL - 5100 (12/06 - 12/05)

1 Royalties $600,000 $550,000 $783,026 $672,085 $110,9412 Editorial allowance 363,000 232,000 237,000 232,060 4,9403 Subscription 16,000 0 19,680 16,260 3,4204 Signing Bonus - 2005 70,000 70,000 70,000 0

5 Total revenue 1,049,000 782,000 1,109,706 990,405 119,301

EXPENSES - CHICAGO OFFICE

6 Salaries 112,700 149,076 149,076 108,925 (40,151)7 Office expenses 15,400 21,796 20,040 16,174 (3,866)8 Honoraria 60,000 50,000 67,500 50,000 (17,500)9 Editorial board 3,500 1,114 1,800 686

10 Univ. Facilities & Administrative Costs 968 2,724 37 (2,687)11 Subtotal 191,600 221,840 240,454 176,936 (63,518)

12 EXPENSES - D.C. OFFICE

13 Salaries 108,30014 Office expenses 36,50015 Honoraria16 Editorial board17 JAACAP Work Group Retreat18 To be determined 5,200

19 Subtotal 150,000 0 0 0 0

20 Member subscriptions 350,000 350,000 396,259 369,412 (26,847)21 Ad Hoc Committee on Editorship and Publications 8,453

22 Total expense 691,600 571,840 645,166 546,348 (90,365)

23 Net income/(loss) 357,400 $210,160 $464,540 $444,057 $20,483

Notes:

Line 4- The $350,000 signing bonus received in 2005 is being recognized over 5 years, 2005-2009, and credited to the Endowment Fund

Lines 11 & 19 - There are two expense budgets for 2007 due to the office transition from Chicago to Washington.

Line 19 - The Executive Committee is working with the Editor Designate about additional expenses.

Line 20 - Per contract, AACAP pays $55 per person per year for each member's subscription.


American Academy of Child and Adolescent PsychiatryAACAP NEWS(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceAACAP NEWS - 5200 (12/06 - 12/05)

1 Advertising $35,000 $35,000 $45,450 $10,962 $34,488

2 Total revenue 35,000 35,000 45,450 10,962 34,488

EXPENSE

3 Design 33,000 30,000 16,102 31,079 14,9774 Printing 80,000 80,000 87,014 64,670 (22,344)5 Postage & Delivery 15,000 8,000 26,044 10,792 (15,252)6 Professional Fees 7,000 6,000 3,222 15,000 11,778

7 Subtotal 135,000 124,000 132,382 121,541 (10,841)

8 Staff time/overhead allocations 15,000 7,500 21,473 1,686 (19,787)

9 Total Expense 150,000 131,500 153,855 123,227 (30,628)

10 Net income/(loss) (115,000) ($96,500) ($108,405) ($112,265) $3,860

Notes:

Member Benefit RoyaltiesAmPro Royalties $170,000 $120,000 $164,781 $143,194 $21,587


American Academy of Child and Adolescent PsychiatryCOMPONENTS(Unaudited)

2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceCOMPONENTS (12/06 - 12/05)

1 AAP 20,000 40,000 12,561 (12,561)2 Advocacy Committee 10,000 5,591 (5,591)3 AMA 22,975 19,825 16,038 16,205 1674 APA 4,000 3,750 2,163 3,733 1,5705 Assembly 76,000 28,200 43,869 19,960 (23,909)6 CAP/Education Outreach Program 30,446 (30,446)7 COLMP (3372) 25,000 13,000 780 5,113 4,3338 Committee on Juvenile Justice Reform 0 1,329 677 (652)9 Contributions IACPAP 10,000 2,310 (7,690)

10 Council 35,000 27,000 35,264 32,529 (2,735)11 e-AACAP 18 (18)12 Elections 22,000 18,500 18,750 18,707 (43)13 Executive committee 25,000 $24,000 16,890 18,320 $1,43014 Financial Planning Committee 6,250 6,000 5,431 3,471 (1,960)15 JCAHO 1,300 1,300 821 712 (109)16 Medical Students Residents & Early Career 6,750 7,250 2,130 1,244 (886)17 Member Benefits Committee 16,500 11,000 9,895 9,217 (678)18 Member Drive Committee 10,730 2,224 (2,224)19 Nominating committee 4,800 4,800 83 1,847 1,76420 Officers and Directors liability ins 15,000 14,000 13,646 544 (13,102)21 Other committees (see below) 12,445 10,000 4,897 5,111 21422 Parent Collaboration Initiatives/Summit 17,000 16,976 (16,976)23 Psychotherapy Committee 1,300 2,050 465 782 31724 RUC, PEAC, CPT Meetings 5,000 5,000 2,044 2,334 29025 Steering Committee on Work Force Issues 30,350 26,900 31,486 28,169 (3,317)26 Task Force on Intellectual Property Issues 25,000 20,000 14,713 2,978 (11,735)27 Task Force on Substance Abuse 2,300 10,000 294 (294)28 Work Group - Community Systems of Care 28,500 28,500 35,276 33,602 (1,674)29 Work Group - Consumer Issues 22,750 22,750 21,637 15,372 (6,265)30 Work Group - Quality Issues 33,600 30,000 30,927 37,554 6,62731 Work Group -HC Access & Economics 20,900 20,900 21,793 22,924 1,13132 Work Group on Maintenance Certification 31,750 28,750 18,380 23,369 4,98933 Work Group Training and Education 28,700 28,900 20,254 20,022 (232)

34 Subtotal 560,900 452,375 447,071 326,806 (120,265)

35 Staff time/overhead allocations 60,000 176,177 178,717 2,540

36 Total Expense 560,900 $512,375 $623,248 $505,523 ($117,725)

Notes:

Line 2 - The Advocacy Committee was formed in early 2006 and has met monthly, via conference calls, to discuss member actions to increase sponsorship for the workforce bill.

Line 5 - $48,000 budgeted as a safety net for regional organizations education & advocacy grants in the event that outside funding is not available.

Line 6 - Pfizer last paid for travel grants in 2005. In 2006, EC agreed mid-year to allocate $75,000 to cover the travel grants.

Line7 - COLMP, Committee on Liaisons with Medical Professionals, includes budgets for AAP and Liaisons, as well as the initial Committee budget .

Line 21 - Other Committees 2007 BudgetInpatient Continuum of Care 1,520Deaf & Hard of Hearing 1,025School Committee 850Grants & Oversight Committee 1,500Gifts & Endowment Oversight Committee 1,500Telepsychiatry Committee 2,500CME Committee 2,450Substance Abuse Committee 1,100

12,445Line 33 - Increase in the number of members on the Work Group on Training and Education resulted in an increase in travel costs for the winter meeting.


American Academy of Child and Adolescent PsychiatryPUBLICATIONS(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VariancePUBLICATIONS (12/06 - 12/05)

1 CASII Manual & Training (6042) $14,000 $9,000 32,633 47,726 ($15,093)2 Facts for families 5,000 10,000 4,167 4,463 (296)3 Maintenance of Certification Module #1 10,000 41,500 19,095 24,335 (5,240)4 Maintenance of Certification Module #2 20,000 0 75,309 50,990 24,3195 Maintenance of Certification Module #3 69,0006 Membership directory 30 (30)7 Parameters 1,090 479 6118 Pocket Cards 50,000 15,000 184 13,879 (13,695)9 Other publications 500 1,480 6,747 (5,267)

10 Total revenue 168,500 75,500 133,958 148,649 (14,691)

EXPENSE

11 Annual Report 15,000 12,000 11,981 4,243 (7,738)12 CASII Manual & Training 5,000 9,000 22,892 32,039 9,14713 Facts for families 20,000 15,000 6,650 14,320 7,67014 Maintenance of Certification Modules 8,150 2,750 18,809 0 (18,809)15 Media Relations 3,065 0 (3,065)16 Membership directory 50,000 74,312 0 (74,312)17 Parameters 700 21 488 46718 Pocket Cards 15,000 10,000 29 10,002 9,97319 Publications catalog 1,500 1,500 0 020 Other publications 5,000 660 56 1,193 1,13721 Subtotal 69,650 101,610 137,815 62,285 (75,530)

22 Staff time/overhead Allocations 18,000 7,000 26,141 41,467 15,326

23 Total Expense 87,650 108,610 163,956 103,752 (60,204)

24 Total Net Income /(Loss) 80,850 ($33,110) ($29,998) $44,897 ($74,895)

Notes:

Line 5 - Modules sold at half price in Sept, 2005 resulting in heavy sales late in the year of $51K (see line 4 - 12/31/05 column) and expected to increase in 2006 and 2007.

Line 8 - Royalties from new ADHD cards and possible distribution of new Depression & Anxiety cards.

Line 16 - The Membership Directory is only printed in even years.


American Academy of Child and Adolescent PsychiatryCENTRAL OFFICE(Unaudited)

EXPENSE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceCENTRAL OFFICE - 90 (12/06 - 12/05)

1 Salaries and Benefits:2 Salaries $2,076,000 $2,007,000 $1,696,635 $1,768,149 ($71,514)3 Payroll taxes 137,000 135,000 128,822 134,147 ($5,325)4 Health and other insurance 135,800 130,000 110,477 62,212 $48,2655 Worker's Compensation 19,500 19,150 8,574 12,798 ($4,224)6 Pension contribution 130,000 130,000 78,353 102,012 ($23,659)7 Benefit administration fee 4,300 1,000 2,792 1,196 $1,596

8 Total Salaries and Benefits 2,502,600 2,422,150 2,025,653 2,080,514 ($54,861)

9 Staff time/overhead to programs (540,976) (100,000) (645,344) (452,440) ($192,903)

10 Net Salaries and Benefits 1,961,624 2,322,150 1,380,309 1,628,074 ($247,764)

11 Other Central Office Expenses:12 Postage and delivery 75,000 50,000 59,826 42,384 $17,44213 Printing 34,000 65,000 47,407 31,447 $15,96014 Bank charges 95,000 90,000 110,800 93,154 $17,64615 Office supplies 60,000 45,000 65,603 41,307 $24,29616 Telephone-office 22,000 15,000 22,460 20,551 $1,90917 Telephone-800 line 7,000 8,000 10,108 8,059 $2,04918 Internet connection fees 10,000 12,000 6,910 9,785 ($2,875)19 Equipment repairs and maintenance 10,000 2,000 17,352 4,516 $12,83620 Miscellaneous 3,000 1,000 3,258 10,723 ($7,465)21 Travel Staff/ Other 20,000 10,000 35,092 23,048 $12,04422 Local transportation 1,500 5,000 537 1,268 ($731)23 Dues and subscriptions 7,000 12,000 14,484 1,621 $12,86324 Staff education 15,000 21,000 2,036 11,603 ($9,567)25 Professional fees 35,000 35,000 42,242 22,592 $19,65026 Offsite Storage 5,600 4,000 7,337 4,743 $2,59427 Payroll service bureau 7,000 9,000 8,195 6,431 $1,76428 Furniture and equipment 3,000 1,000 2,582 1,708 $87429 Furniture & Equipment Rental - Phone System 31,000 25,000 41,917 31,074 $10,84330 Want ads and personnel recruitment 15,000 10,000 27,790 18,621 $9,16931 Temporary help 40,000 40,000 25,744 40,805 ($15,061)32 Computer consultants 20,000 20,000 16,674 18,155 ($1,481)33 Depreciation (Furniture & Equipment) 50,000 48,000 11,711 46,363 ($34,652)

34 Total Other Expense 566,100 528,000 580,065 489,958 $90,107

35 Total Central Office Expense $2,527,724 $2,850,150 $1,960,374 $2,118,032 ($157,657)

Notes:

Line 2 - 2007 Budget includes two additional positions-second Web position & Assistant Director, State Advocacy


American Academy of Child and Adolescent PsychiatryBUILDING OPERATIONS(Unaudited)

REVENUE 2007 Budget 2006 Budget 12/31/2006 12/31/2005 VarianceBUILDING OPERATIONS - 93 (12/06 - 12/05)Rental Income:

1 Sylvester C. Myers $0 $35,000 $0 $46,095 ($46,095)2 Specialties, Inc 41,700 35,000 39,513 30,324 9,1893 Washington Psychiatric Society 6,600 6,000 6,275 6,237 384 Create Technologies, Inc. 29,300 23,220 23,2205 Other rental income 1,000 635 635

6 Total revenue 78,600 76,000 69,643 82,656 (13,013)

EXPENSE

7 Utilities 47,850 41,500 46,414 45,575 (839)8 Real estate taxes 28,350 27,000 26,974 10,441 (16,533)9 Cleaning service 26,100 26,000 25,347 23,779 (1,568)

10 Repairs and maintenance 39,000 39,000 23,252 145,487 122,23511 Air conditioning and heating - maintenance 15,000 8,600 20,633 11,077 (9,556)12 Building Insurance 6,500 12,302 6,159 (6,143)13 Landscaping and snow removal 6,300 9,000 4,796 5,858 1,06214 Building supplies 14,500 12,500 14,009 4,729 (9,280)15 Trash removal 6,100 5,000 6,477 5,942 (535)16 Elevator maintenance 4,500 4,500 3,724 2,259 (1,465)17 Professional Fees 9,000 0 018 Pest control 1,200 1,200 936 1,070 13419 Security 2,500 2,500 2,935 2,398 (537)20 House committee 300 300 0 021 Other 3,100 143 1,575 1,43222 Depreciation 120,000 90,000 145,343 134,158 (11,185)

23 Subtotal operating expense 330,300 267,100 333,284 400,507 67,222

24 Total operating expense 330,300 267,100 333,284 400,507 67,222

25 Net operating expense (251,700) (191,100) (263,641) (317,851) (80,235)

Notes:

Line 4 - Create Technologies became tenant March 1, 2006.

Line 17 - Consulting fees for investigating the best use of AACAP property as a financial asset.

Line 22 - Depreciation is for building only. Increase in 2005 due to building remodeling and an audit adjustment.

Building Fund balance funded by depreciation 2003 88,196$ 2004 91,888 2005 134,158 2006 145,343 YTD @ 12/31/2006

2007 Budget 120,000 projected increase due to remodeling costsTotal 579,585


American Academy of Child and Adolescent PsychiatrySCHEDULE OF CHANGE IN SPECIAL FUNDS

Balance Contributions Release from Balance at12/31/2005 and Grant Investment Restrictions 12/31/2006

Income Income or ExpenseTEMPORARILY RESTRICTED NET ASSETS

1 4305 Abramson Fund 36,487$ -$ 5,140$ 5,389$ 36,239 2 4306 Abramson Fund-Sys Based Practice Tool Kit - 3 4176 ADHD Collaboration Grant/Shire US, Inc. 5,425 764 2,529 3,660 4 4113 Beatrice Hamburg Award 12,698 1,789 1,068 13,419 5 4330 Berman Learning Disability Fund 23,484 3,308 26,792 6 3320/3571 Campaign for America Kids 766,930 53,713 108,034 168,132 760,545 7 4400 Cancro Award 26,663 3,756 3,413 27,005 8 3364 CME Online - Eli Lilly - 150,000 44,432 105,568 9 4128 E. Schlosser Lewis 390,160 42,950 54,960 24,312 463,758

10 3589 ECSII Development & Test 41,621 5,863 8,725 38,759 11 4300 Endowment Fund 201,170 30,150 28,338 42 259,616 12 4134 Furman initiative 41,302 5,818 25,000 22,120 13 4201 General Resident Travel Awards (Eli Lilly) 16,541 50,000 2,330 34,113 34,758 14 4140 Jerry M. Wiener Resident 8,040 1,133 2,430 6,743 15 4141 John F McDermott Assistant Editor in Residence 51,377 - 51,377 16 4142 John Schowalter Resident 25,000 770 24,230 17 2211 Karl Menninger Plenary 200,000 28,173 3,256 224,917 18 4143 Klingenstein 27,206 25,000 3,832 17,035 39,003 19 4146 Marshall Schecter Lecture Fund 8,817 1,242 10,059 20 3551 McNeil-System of Care Program 39,787 5,605 35,019 10,373 21 4215 Pfizer (Collaboration) 55,753 7,854 97 63,509 22 4210 Pfizer Travel for CAP Residents 19,528 2,751 19,528 2,751 23 4320 Philips Fund for Prevention 14,909 2,100 4,992 12,017 24 4200 Pilot Research Awards (Eli Lilly) 80,167 98,000 11,293 50,268 139,192 25 4161 Presidential Scholars (Bristol Myers Squibb) 628 89 717 26 4177 Regional Council Advocacy-McNeil 60,390 8,507 29,186 39,711 27 4225 Regional Council Award-Solvay 15,090 2,126 1,200 16,016 28 4170 Rieger Service Award 432 5,000 61 6,027 (534) 29 4164 Rieger Psychotherapy Award 4,939 696 5,073 562 30 4167 Rieger Scientific Achievement Award 478 5,000 67 4,881 664 31 4173 Robinson/Cunningham 11,806 1,663 441 13,028 32 4315 Simon Wile Fund 7,173 1,010 1,005 7,177 33 4179 Spurlock Fund-AACAP 23,929 3,371 7,284 20,016 34 4149 Spurlock Fund-CMHS 170,476 24,014 30,489 164,001 35 4152 Spurlock Fund-NIDA 50,362 7,094 10,311 47,145 36 4325 Tarjan Fund for Mental Retardation 3,888 548 1,435 3,001 37 Investment income38 TOTAL TEMPORARILY RESTRICTED 2,366,279$ 536,190$ 333,329$ 547,882$ 2,687,916$

PERMANENTLY RESTRICTED NET ASSETS 39 4300 Endowment Fund 1,064,956 - 1,064,956 40 4305 Abramson Fund 177,605 - - 177,605 41 4315 Simon Wile Leadership in Consultation 16,786 - - 16,786 42 4320 Philips Fund for Prevention 102,055 - - 102,055 43 4325 Tarjan Fund for Mental Retardation 24,103 - - 24,103 44 4330 Berman Fund for Learning Disabilities 102,187 - - 102,187

- 45 TOTAL PERMANENTLY RESTRICTED 1,487,692$ -$ -$ 1,487,692$

46 TOTAL RESTRICTED NET ASSETS 3,853,971$ 536,190$ 547,882$ 4,175,608$

UNRESTRICTED NET ASSETSDESIGNATED NET ASSETS (see p.18)

47 4114/4194 Anders Presidential Initiative Fund 119,525 20,000 45,968 93,557 48 4117 Hendren Presidential Initiative Fund 155,000 20,000 31,345 143,655

49 TOTAL DESIGNATED NET ASSETS 274,525$ 40,000$ 77,313$ 237,212$

50 Total Income & Expense 576,190$ 625,195$

Notes:

Line 8 - The grant for the CME January Online program has been budgeted in the January Institute.

Line 48 - Includes $4,500 per person tuition - Harvard Macy Program (Total $27K). The 2007 tuition increeases to $4,900 per person.

Lines 47 & 48 - An additional $20,000 was added to each of these funds from Unrestricted/Undesignated Net Assets in 2006.

(Unaudited)


American Academy of Child and Adolescent PsychiatryPRESIDENTIAL INITIATIVE(Unaudited)

T. Anders4114/4194$175,000

1 2004 Income - Harvard Macy Program 3,000 2 2003 -2004 Expenses:3 Academy Scholars Tuition 27,877 4 President Family Travel 977 5 Printing 220 6 Travel 307

7 Total Expense (2003 -2004) 29,381

8 Macy Program 2,099 9 Hotel - T Anders 618

10 Printing-Plaques 1,700 11 Staff time 2,778 12 Telephone - T Anders 30 13 Miscellaneous Expense 250 14 Travel - Macy Program 1,554 15 Postage 65

16 Total Expense (FY2005) 9,094

17 Balance @ 12/31/05 139,525

Current Year Activities (FY2006)

18 Income -

Expense

19 Tuition - Macy Program 27,000 21 Printing 449 22 Staff time 440 22 Professional Dues 1,290 23 Telephone 24 Miscellaneous Expense 219 25 Food Services 3,411 26 Hotel 1,669 27 Travel 7,282 28 Postage 207 29 Honoraria-Dr. Stern 4,000

30 Total Expense (FY2006) 45,968

31 Balance @ 12/31/06 $93,557

Line 19 - The $27K was paid 10/27/05 for period 1/06 - 5/06.

December '06 TreasRpt(FINAL_2) Page 18a 1/14/20096:44 PM

American Academy of Child and Adolescent PsychiatryPRESIDENTIAL INITIATIVE(Unaudited)

R. Hendren 4117Budget $175,000

1 Travel & Lodge 2,627 2 Postage 15 3 Telephone 20 4 Food 237 5 Professional Services - GYMR 28,000 6 Staff time 446

7 2006 -2010 Expenses 31,345

8 Balance @ 12/31/06 $143,655

December '06 TreasRpt(FINAL_2) Page 18b 1/14/20096:44 PM

American Academy of Child and Adolescent PsychiatryRESERVES/OPERATING SURPLUS(Unaudited)

AuditedAnnual Operating

Period Net Reserve** Goal1/1/1984 $1,034,684

1984 $451,222 1,485,906 1985 114,407 1,600,313 1986 59,827 1,660,140 1987 * 126,697 1,786,837 1988 52,265 1,839,102 1989 166,323 2,005,425 1990 * 328,902 2,334,327 1991 * 215,805 2,550,132 1992 240,321 2,790,453 1993 20,819 2,811,272 1994 (26,432) 2,784,840 1995 214,945 2,999,785 1996 * 403,308 3,403,093 1997 312,661 3,715,754 1998 5,183 3,720,937 1999 (390,282) 3,330,655 2000 (284,643) 3,046,012 2001 (224,384) 2,821,628 2002 * 433,270 3,254,898 2003 837,546 4,092,444 2004 710,597 4,803,041 2005 675,737 5,478,778 2006 1,112,295 6,591,072

Less: allocations to Presidential Initiatives:

Dr. Anders 93,557Dr. Hendren 143,655

Net 6,353,860$

Building Fund balance funded by depreciation 2003 88,196 2004 91,888 2005 134,158 2006 145,343

Reserve Fund Goal Computation @ 12/31/06 6,813,445$

*Dues increases.**Does not include temporarily restricted and permanently restricted net assets.***The Reserve/Operating Surplus is available to accommodate normal cashflow timing differences, unexpected emergercies, unanticipated opportunities or to replace or improve capital assets.


American Academy of Child and Adolescent PsychiatryCampaign for American Kids Access Initiative(Unaudited)

Contributions1 FY2002 329,602$ 2 FY2003 298,701 3 FY2004 304,154 4 FY2005 96,455 5 FY2006 53,713 6 Total Contributions @ 12/31/06 1,082,625$

Expenses7 FY20028 FY2003 116,959$ 9 FY2004 109,767

10 FY2005 35,257 11 Total thru 2005 261,983

FY 2006 Work Group on Access12 Staff Support 17,933 13 Travel & Food 4,515 14 Postage and Delivery 820 15 Design &Advertising 3,221 16 Telephone 103 17 Advertising 663 18 Awards-Access Initiative Grant 140,877 19 Subtotal Expense @ 12/31/06 168,132

20 Total Expense 430,115$

21 Balance @ 12/31/06 652,510$

FY2007 Budget 12,000

22 Pledge Receivable @ 12/31/06 23,670$


American Academy of Child & Adolescent Psychiatry(Unaudited)

PHARMACEUTICAL FUNDINGTotal includes amounts received, pledged and pending.

Pharmaceutical Funding (Non-Exhibits)Description 12/31/2006 12/31/2005 12/31/2004 12/31/2003

Abbott Laboratories Annual Meeting Sponsor -$ 7,500$ -$ -$ Symposia Sponsor 5,000

Astra Zeneca Annual Meeting Sponsor 5,000 A.M. Institute Sponsor 15,000

Aventis Pasteur Campaign Embassy Reception Sponsor 2,500 Bristol Meyers Squibb Presidential Scholars Award 30,000 30,000 26,500 Cephalon Annual Meeting Sponsor 15,000

A.M. Sunrise Presentation Sponsor 15,000 Research Initiative 10,000 5,000

Eli Lilly Annual Meeting Sponsor 20,000 30,000 30,000 20,000 A.M. AV 25,000 50,000 A.M. Cyber Café 30,000 A.M. International Reception/Symposium 80,000 70,000 60,000 A.M. Opening Reception 125,000 Pilot Research Awards 98,000 98,000 75,625 100,000 A.M. Program Book 25,000 Research Initiative 25,000 25,000 25,000 Gen. Resident Travel Grant 50,000 50,000 50,000 50,000 On-Line CME 150,000

Eli Lilly Canada A.M. Symposium Sponsor 5,000 Eli Lilly and Company Foundation Campaign for America's Kids 100,000 100,000 Glaxo SmithKline Research Initiative 25,000 50,000 50,000 GR MedED A.M. Symposium Sponsor 20,000 Insight Medical Communication Annual Meeting Sponsor 20,000 Janssen Annual Meeting Sponsor 7,500 30,000 5,000

A.M. Symposium Sponsor 5,000 10,000 5,000 Campaign for America's Kids 50,000 Research Initiative 25,000 25,000 25,000

Janssen-Ortho Canada Annual Meeting Sponsor 7,500 McNeil Pharmaceuticals Annual Meeting Sponsor 7,500 7,500 7,500 20,000

A.M. Symposium Sponsor 20,000 10,000 5,000 ADHD Advocacy Awards 54,000 54,000 Early Childhood Svc Intensity Instrument 55,000 Research Initiative 25,000 25,000 25,000 25,000 Systems of Care Conference 50,000

Ortho-McNeil A.M. Symposium Sponsor 5,000 New River Pharmaceuticals Annual Meeting Sponsor 5,000 Novartis Annual Meeting Sponsor 7,500 20,000

A.M. Symposium Sponsor 5,000 15,000 Pfizer Annual Meeting Sponsor 30,000 15,500

Resident Travel Grant 99,000 98,000 74,000 Research Initiative 25,000 25,000 100,000

Shire Biochem (Canada) Campaign Embassy Reception 10,000 Shire US Annual Meeting Sponsor 30,000 30,000 30,000 20,000

A.M. Training Directors Dinner 10,000 A.M. Symposium Sponsor 5,000 ADHD Collaboration Awards 36,000 Shire- Research Initiative 25,000 25,000 25,000 25,000

UCB Pharma A.M. 7,500 Sub-total Non-Exhibits Pharma Support 723,000 726,000 851,625 985,500

PHARMACEUTICAL EXHIBITOR FUNDINGAlliant Pharmaceuticals 1,500 1,500 1,200 Aventis Pasteur, Inc 1,500 1,500 Celltech Pharmaceuticals, Inc 5,400 7,000 Cephalon, Inc 3,500 10,000 Eli Lilly and Company 7,000 10,000 13,000 7,000 GlaxoSmithKline 1,500 1,200 Johnson & Johnson 10,000 McNeil Consumer & Specialty Pharmaceuticals 9,100 10,000 6,000 10,000 McNeil Pediatrics 14,500 Novartis Pharmaceuticals Corp 7,000 5,100 2,700 4,200 Otsuka Maryland Research Institute 1,500 Pfizer, Inc 2,700 2,000 Shire US, Inc. 10,500 20,000 13,000 13,000 Sigma Tau Pharmaceuticals, Inc. 1,200 Sub-total Exhibits 53,100 67,800 48,500 45,900

Total Pharmaceutical Funding 776,100$ 793,800$ 900,125$ 1,031,400$ % of Total Revenue 9.81% 10.25% 13.95% 14.20%


December '06 TreasRpt(FINAL_2)

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