CALTA Financial Report
Totals may not add due to rounding.

 2017-2018


 2018-2019
BUDGET

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

TOTAL

per member*
(1,022 season-end)

 

TOTAL

per member*
(950 budgeted)

  Opening Balance beginning of season (note a)

   $4,102

    $4.01 
 in reserve

 

   $9,916

    $10.44 
 in reserve

   Dues Revenue 

    40,880

     40.00

 

    38,000

     40.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

  $44,982

    $44.01

    $47,916

    $50.44

 Expenses:  
    Web Site 1,127  1.10   1,500  1.58
    Administrative Expenses (note b) 1,364   1.33   2,000   2.11
    Luncheon Subsidy (note c) 25,598 25.05   28,000 29.47
    Awards for Winning Teams  2,087   2.04    2,500   2.63
   Gifts for Each Member   1,890   1.85     4,145   4.36
   New Supply CALTA pens       380   0.40

   Junior Recognition Program (note d)      

   3,000   

  2.94

 

   3,000   

 3.16

 Total Uses of Funds    

   $35,066

     $34.31 

   $41,525

     $43.71

 End-of-Season Balance (note a)

 

   $9,916

     $9.70

  in reserve

     $6,391

     $6.73

  in reserve

 

 *  "Per Member" amounts are calculated using season-end membership 1,022 for 2017-2018 and budgeted membership 950 for 2018-2019.
Budgeted membership each season reflects actual membership level at end September. 

(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 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.