CALTA Financial Report
Totals may not add due to rounding.

 2016-2017


 2017-2018

       
         CALTA's fiscal year is 6/30-5/31.

TOTAL

per member*
(1,024 season-end)

 

TOTAL

per member*
(1,022 season-end)

  Opening Balance beginning of season (note a)

   $8,025

    $7.84 
 in reserve

 

   $4,102

    $4.01 
 in reserve

   Dues Revenue 

   35,840

     35.00

 

    40,880

     40.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

  $43,865

    $42.84

    $44,982

    $44.01

 Expenses:  
    Web Site 1,008  0.98   1,127  1.10
    Administrative Expenses (note b) 1,433   1.40   1,364   1.33
    Luncheon Subsidy (note c) 28,285 27.62   25,598 25.05
    Awards for Winning Teams  2,393   2.34    2,087   2.04
   Gifts for Each Member   2,849   2.78     1,890   1.85
   New Supply Yellow Bag Tags   794   0.78      

   Junior Recognition Program (note d)      

   3,000   

  2.93

 

   3,000   

  2.94

 Total Uses of Funds    

  $39,762

    $38.83 

   $35,066

     $34.31 

 End-of-Season Balance (note a)

 

   $4,102

     $4.01

  in reserve

     $9,916

     $9.70

  in reserve

 

 *  "Per Member" amounts are calculated using season-end membership 1,024 for 2016-2017 and 1,022 for 2017-2018.   

Because of the operating deficit in 2016-2017 (Dues $35.8K, Expenses $39.7K), the Board voted to increase the annual dues for 2017-2018 by $5 to $40.

(a) The Board considers it desirable to maintain a reserve for unforeseen expenses -- including the possibility of having to pay for the services of a computer programmer for match scheduling and/or website maintenance (both currently provided at no charge). 
(b
) Administrative Expenses include bank charges, office supplies, printer cartridges, copying, postage, adhesive name tags for luncheon, supplies for the Junior Recognition Program, fees to State/Federal regulators.   

(c) The cost of food and drinks at the luncheon is only partially funded by cost to attend ($25 in 2018).  In addition, the subsidy budgeted from dues covers rental charges, event insurance, centerpieces (captains' gifts), room and table decorations, gratuities, wrapping/paper supplies and police services.
(d) An amount decided by the Board ($3,000) is allocated annually from dues to the Junior Recognition Program.  The total awarded by the program each year (in November) is determined by adding this amount to the funds donated at the previous luncheon's fundraiser.