CALTA Financial Report
Totals may not add due to rounding.

 
2021-2022

 
2022-2023

       
         CALTA's fiscal year is 6/01-5/31.

TOTAL

per member*
(1,045 season-end)

  

TOTAL

per member*
(1,058 season-end)

  Operating Funds balance beginning of season (note a)

      
          $22,106

      $21.15 
    in reserve

  

      
          $20,209

      $19.10 
    in reserve

   Dues Revenue 

           41,800

        40.00

  

           42,320

        40.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

          $63,906

       $61.15

            $62,529

       $59.10
 Expenses:  
    Web Site   912  0.87   1,505  1.42
    Administrative Expenses (note b) 1,512  1.45     921  0.87
    Luncheon Subsidy (note c) 9,516   9.11      
    Awards for Winning Teams   991   0.95   3,063 2.89
   Gifts for Each Member 4,416  4.23   5,874  5.55
   Gifts for Captains 2,350  2.25   2,400  2.27

   Junior Recognition Program (note d)      

            24,000

22.97

               28,000

26.47

 Total Uses of Funds    

           $43,697             

        $41.81

           $41,763           

        $39.47

 End-of-Season Operating Funds (note a)

             $20,209    

        $19.34

     in reserve

               $20,766   

        $19.63

     in reserve

 *  "Per Member" amounts are calculated using season-end membership (1,045 for 2021-2022 and 1,058 for 2022-2023).

(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, supplies/mailings for the Junior Recognition Program, fees to State/Federal regulators, room charges for Board meetings.  

(c) The financial report for 2021-2022 reflects the late cancellation of the annual luncheon.  It was firmly expected that the 2022 luncheon would be held; accordingly, deposits were paid to suppliers and liability/cancellation insurance was purchased. The deposits had to be forfeited per our contracts; the Board attempted to negotiate a partial refund of one of the deposits but was unsuccessful.
   
(d) The funds for our Junior Recognition Program were in the past raised at the luncheon fundraiser.  The luncheon was heavily subsidized by member dues.  With the operating surplus resulting from cancellation of the luncheon, the Junior Program has been able to be fully funded from dues and has been expanded to include co-ed group programs.  In 2022, the program awarded a total of $19,000 to 54 junior girls and $5,000 to Rockin Racquets, a local co-ed program affiliated with the Special Olympics.  The Board has allocated from operating funds $28,000 for the 2023 program.