12 March 30, 20 tion king Associa rs Alabama Truc pensation Fund Membe om C ’ rs ke or W king labama Truc ents of the A uditors conducted their tlemen: em en at G St d l ia an s nc A plan . The ed Fina Dear Ladie e Auditors to arized Audit ber 31, 2011 of the Summ r the year ended Decem hose standards require th ee of material py co a nd fr fi nd fo rds. T u will ents are pensation Fu Enclosed yo diting standa nts included ncial statem Workers’ Com .S. generally accepted au about whether the fina ce supporting the amou by manageAssociation e U e en able assuranc rdance with n of the evid gnificant estimates mad ir opinion audit in acco e audit to obtain reason l necessary examinatio and si n. The ed io us in al es op th r pl of m ei ci n or in th io and perf the complet r issuing unting pr able basis fo l position of ing the acco t. Upon the misstatemen ial statements and assess audit provided a reason ial respects, the financia . 11 20 , er r 31 eir nc in these fina itors determined that th present fairly, in all mat e Fund as of Decembe ud ents suranc em In at lf st Se l n ia ment, the A 8,375 set io nc at Compens s, of $17,78 at these fina distribution concluded th ng Association Worker’s epartment of t D a ne m s, it ba ki ed total prof equirements of the Ala rticipating memat ul Alabama Truc m cu ac nd has State R ck to pa directed by on reflect the Fu stributed ba l statements credits to be refunded as ive credits previously di ribute back $5,394,347 ia nc na fi se st e ct The di iv pe ct ill os w pe tr os re nd tr nt of re re s. the Fu year renewal aside for futu elations. The total amou 901,395. In addition, 12 calendar R 4, der proof Industrial ption of the Fund, is $4 g members with their 20 d Cross Bor ce participatin r Alabama an cludes loss reserves ve ou bers, since in ti th ec sp bo re of 12 to nsists ons in January 1, 20 nd which co and Deducti ndent ions of the Fu Statement of Income ed by the Fund’s indepe at er op l al er ed so that the ov in at e ch rm lid th oa te so es pr de on ap ud C as incl nservative cted in the NR) losses co B fle adjust(I ry This report re ve ed nd es a rt -e ss ns ar lo po claims t not re tees maintai ade these ye With the conm us Tr ng of vi grams. The ired to pay incurred bu ha rd the Boa ,792. es. After qu stand11 is $4,786 ing practices, g claims loss which are re In our reserv cts of irregular occurrin ended December 31, 20 have continued our long otect . rm fi al ri e fe pr ar w ef ye to Actua e at e n th th th ai r rt m om profit fo s still re ected fr d to repo Fund is prot bined overall operating tees is please ize that its primary goal oard of Trus m as B co ph e e th em th , , ar to . ts s rs ye en be ar m ishe e 2011 calend ormance. The Board w its to participating mem clusion of th lieve the best g prof g perf in in rn at er tu re op le le where we be ny’s emphahi is as ph em ing profitab tegrity of the Fund w l ss contro ur compa in inforce our lo to strive to maximize yo orking in the field, the financial rtunity to re w is s po es er op ns ne e pe gi th ex en erating control member h to take e always wis company’s op ve three loss sisting our participating resources In closing, w rbing increases in your taining this goal, we ha e as es to th d of te e ca di cu ob ntag approach to rol. To support you in ww.atacompfund.org) de urage you to take adva co nt (w en co te e si ss sis on lo efforts. W d our web ty program l counsel an Smart. our staff lega eir loss control and safe ays Work Safe / Work th w al in to es r program. ni be compa ality of our d to remem qu an d u an yo th to ng the stre at no cost in evaluating ill assist you w n io at rm info We hope this , Respectfully oaker, CPA Kimble E. C inistrator dm A d CEO an
TRUSTEES DREW LINN CHAIRMAN Fund Member Trustee President, Southland International Trucks, Inc. P. O. Box 578 Birmingham, AL 35201-0578 Term: April 2009 – April 2012 (205) 942-6226 Fax: (205) 942-6311 BEAU WICKS VICE-CHAIRMAN Fund Member Trustee President, Southeast Logistics P. O. Box 1309, Tuscaloosa, AL 35403 Term: April 2010 – April 2013 (205) 759-1818 Fax: (205) 349-3104 34
KEN ADAMS Fund Member Trustee CEO, Southern Cal Transport, Inc. 148 41st Avenue West Birmingham, AL 35207 Term: April 2010 – April 2013 (205) 323-0004 Fax: (205) 323-0003
RUSTY SPROUSE Fund Member Trustee CFO, B & G Supply Company, Inc. P. O. Box 748 Albertville, AL 35950 Term: April 2011 – April 2014 (256) 878-2928 Fax: (256) 878-1527
BRUCE MACDONALD Fund Member Trustee President, Transport Refrigeration Sales & Service 500 Daniel Payne Drive Birmingham, AL 35214 Term: April 2009 – April 2012 (205) 328-7278 Fax: (205) 328-6769
FRANK FILGO Ex-Officio President and CEO, AL Trucking Association P. O. Box 2339 Montgomery, AL 36102-2339 Term: July 2011 – July 2012 (334) 834-3983 Fax: (334) 262-6504
A LABAMA T RUCKER • 2012 C ONVENTION S PECIAL E DITION