CALTA Financial Report Totals may not add due to rounding. |
2017-2018 |
2018-2019 |
|||
CALTA's fiscal year is 6/30-5/31. |
TOTAL |
per member* |
TOTAL |
per member* |
|
Opening Balance beginning of season (note a) |
$4,102 |
$4.01 |
$9,916 |
$9.83 |
|
Dues Revenue |
40,880 |
40.00 |
40,360 |
40.00 |
|
Total Funds including reserve |
$44,982 | $44.01 |
$50,276 | $49.83 |
|
Expenses: | |||||
Web Site | 1,127 | 1.10 | 660 | 0.65 | |
Administrative Expenses (note b) | 1,364 | 1.33 | 1,751 | 1,74 | |
Luncheon Subsidy (note c) | 25,598 | 25.05 | 28,121 | 27.87 | |
Awards for Winning Teams | 2,087 | 2.04 | 2,562 | 2.54 | |
Gifts for Each Member | 1,890 | 1.85 | 3,609 | 3.58 | |
New Supply CALTA pens | 380 | 0.38 | |||
Junior Recognition Program (note d) |
3,000 |
2.94 |
3,000 |
2.97 |
|
Total Uses of Funds |
$35,066 |
$34.31 |
$40,083 |
$39.72 |
|
End-of-Season Balance (note a)
|
$9,916 | $9.70 in reserve |
$10,193 | $10.10 in reserve |
*
"Per Member" amounts are calculated using season-end membership 1,022 for
2017-2018 and 1,009 for 2018-2019.
(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.