CALTA Financial Report
Totals may not add due to rounding.

 2015-2016

budget
 2016-2017

 

TOTAL

per member*
(1,014)

 

TOTAL

per member*
(980)

  Opening Balance beginning of season (note a)

   $7,359

    $7.26 
 in reserve

 

   $8,025

    $8.19 
 in reserve

   Dues Revenue 

    35,490

     35.00

 

    34,300

     35.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

  $42,849

    $42.26

    $42,325

    $43.19

 Expenses:  
    Web Site    758    .75   1,200  1.22
    Administrative Expenses (note b) 1,314   1.30   1,500   1.53
    Luncheon Subsidy (note c) 25,052 24.71   26,000 26.53
    Awards for Winning Teams  2,377   2.34    2,124   2.17
   Gifts for Each Member   3,324   3.28     2,800   2.86
   New Supply Yellow Bag Tags         794   0.81

   Junior Recognition Program (note d)      

    2,000   

  1.97

 

    2,000   

  2.04

 Total Uses of Funds    

   $34,825

    $34.34 

   $36,418

    $37.16 

 End-of-Season Balance (note a)

 

    $8,025

     $7.91

  in reserve

      $5,907

     $6.03

  in reserve

 

 *  "Per Member" amounts are calculated using season-end membership 1,014 actual for 2015-2016 and 980 budgeted for 2016-2017.   

(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 ($20 per person).  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) $2,000 is allocated annually from dues to the Junior Recognition Program.  The total amount awarded by the program each year (in November) is determined by adding this amount to the funds donated at the previous luncheon's fundraiser.