CALTA Financial Report
Totals may not add due to rounding.

 2016-2017


BUDGET  2017-2018

 

TOTAL

per member*
(1,024 season-end)

 

TOTAL

per member*
(980 budgeted)

  Opening Balance beginning of season (note a)

   $8,025

    $7.84 
 in reserve

 

   $4,102

    $4.19 
 in reserve

   Dues Revenue 

    35,840

     35.00

 

    39,200

     40.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

  $43,865

    $42.84

    $43,302

    $44.19

 Expenses:  
    Web Site 1,008  0.98   1,200  1.22
    Administrative Expenses (note b) 1,433   1.40   2,000   2.04
    Luncheon Subsidy (note c) 28,285 27.62   26,183 26.72
    Awards for Winning Teams  2,393   2.34    2,500   2.55
   Gifts for Each Member   2,849   2.78     1,800   1.84
   New Supply Yellow Bag Tags   794   0.78      

   Junior Recognition Program (note d)      

   3,000   

  2.93

 

   3,000   

  3.06

 Total Uses of Funds    

   $39,762

    $38.83 

   $36,683

    $37.43 

 End-of-Season Balance (note a)

 

    $4,102

     $4.01

  in reserve

      $6,619

     $6.75

  in reserve

 

 *  "Per Member" amounts are calculated using season-end membership 1,024 for 2016-2017 and 980 (budget) 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.

In addition to the budgeted expenses listed above for 2017-2018, the Board approved funds to start the transition of the CALTA website to tenniscores.com. 
When the cost of that is determined, the budget will be adjusted to include that expense.

(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 in 2016 and 2017) 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.