|
CALTA Financial Report |
2007-2008 actual |
2008-2009 budget |
|||
|
TOTAL |
per member (723) |
TOTAL |
per member (690) |
||
|
Opening Balance beginning of season |
$ 3,539 |
$ 4.89 in reserve |
$ 2,030 |
$ 2.94 in reserve |
|
| Dues Revenue |
$ 14,460 (723 members) |
$ 20.00 |
$ 17,250 (690 members) |
$ 25.00 |
|
| Total Funds Available (Dues + Reserve ) | $ 17,999 |
$ 24.89 |
$ 19,280 |
$ 27.94 |
|
| Expenses: | |||||
| Web Site | $ ( 260) | $ ( .36) | $ ( 250) | $ (0.36) | |
| Administrative Expenses (a) | $ (1,101) | $ ( 1.52) | $ (1,200) | $ ( 1.74) | |
| Luncheon Subsidy (c) | $ (6,691) | $ ( 9.25) | $ (8,400) | $ (12.17) | |
| Prizes for Winning Teams | $ (1,125) | $ ( 1.56) | $ (600) | $ (0.87) | |
| Gifts for each member | $ (4,308) | $ ( 5.96) | $ (1,850) | $ (2.68) | |
|
Junior Recognition Program (d) |
$ (2,484) |
$ ( 3.44) |
$ (2,000) |
$ (2.90) |
|
| Total Uses of Funds | $ (15,969) |
$ (22.09) |
$ (14,300) |
$ (20.73) |
|
|
End-of-Season Balance (Total Funds Available less Total Uses of Funds) |
$ 2,030 (b) |
$ 2.81 in reserve |
$ 4,980 (b) |
$ 7.22 in reserve |
|
(a) "Administrative Expenses" consists of paper, office supplies, copying, refreshments at the annual captains' meeting, member name tags,
and administration of the Junior Recognition Program.
(b) The Board considers it desirable to maintain a reserve of at least $3,000 for any unforeseen expenses -- including the
possibility of having to pay for the services of a computer programmer for match scheduling and/or web site
maintenance (both currently provided at no charge). The balance at the end of the '07-'08 season was below the desired level,
necessitating an increase in dues -- especially with the expected increases in luncheon room expenses in '09. Every effort is being
made to conserve funds in the other categories this season in anticipation of a special celebration to mark CALTA's 10th anniversary in 2010.
(c) The cost of food and drinks at the luncheon is fully funded by cost to attend. The subsidy budgeted from dues
covers room charges (significantly increasing in '09), door prizes, centerpieces, decorations, wrapping/paper supplies and police services.
(d) The'08 Junior Recognition Program announced 49 awards totaling $9,800 -- $2,484 allocated from dues, $732 unused funds from prior years, and $6,584 donated at the luncheon raffle in May.