CALTA Financial Report
Totals may not add due to rounding.

 
2019-2020


 
2020-2021


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

TOTAL

per member*
(969 season-end)

 

TOTAL

per member*
(928 season-end)

  Opening Balance beginning of season (note a)

      
          $9,941

      $10.26 
    in reserve

 

      
          $20,305

      $21.88 
    in reserve

   Dues Revenue 

          38,760

        40.00

 

          37,120

        40.00

 Total Funds including reserve
    (Opening Balance + Dues Revenue)

         $48,701

       $50.26

           $57,425

       $61.88

 Expenses:  
    Web Site 1,198  1.24    948  1.02
    Administrative Expenses (note b) 1,553  1.60   1,803  1.94
    Luncheon Subsidy (note c)    871   0.90   1,000   1.08
    Awards for Winning Teams 2,259   2.33   2,976   3.21
   Gifts for Each Member 4,516  4.66   7,672  8.27
   Gifts for Captains 2,396  2.47   2,320  2.50
   New Supply Bag Tags for New Members   603   0.62      

   Junior Recognition Program (note d)      

            15,000

 15.48

              18,600

 20.04

 Total Uses of Funds    

           $28,396             

        $29.30

           $35,319             

        $38.06

 End-of-Season Balance (note a)

            $20,305   

        $20.96

     in reserve

              $22,106    

        $23.82

     in reserve

 *  "Per Member" amounts are calculated using season-end membership (969 for 2019-2020 and 928 for 2020-2021).

   The financial reports above reflect the cancellation of the annual luncheon in both 2020 and 2021.   Most of the 2020 luncheon expenses were reimbursed by cancellation insurance; the remaining $871 was for supplies that can be used at future luncheons.  Had the luncheon been held in 2020, we would have had an operating deficit at the end of the season -- necessitating an increase in the dues to $45 in '20-'21.  With the surplus resulting from the cancellation of the luncheon, it is expected that there will be no need to raise the annual dues in the near future. ( In '20-'21, there was a deposit paid to Omar to reserve the room for three days, including two set-up days, in the hope that we could hold the luncheon.) 
    The funds to support our Junior Recognition Program (JRP) have in the past been raised at the luncheon fundraiser.  With the surplus resulting from cancellation of the luncheon, the 2020 and 2021 Junior programs were able to be fully funded from dues.  Instead of the usual budgeted $3,000 transfer from dues to JRP, the Board elected to transfer $15,000 in 2020.  The $18,600 transfer in 2021 reflects an additional $1,600 added for 2020 awards and $17,000 available for the 2021 program.  

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

Notes c and d are currently superseded by the comments above.  The notes below refer to years in which a season-end luncheon is held.

(c) The cost of food and drinks at the luncheon is only partially funded by cost to attend. The subsidy budgeted from dues is needed to fund the costs of rental charges (room, tables, chairs, audio system), event insurance (liability and cancellation), room and table decorations, gratuities, wrapping paper/supplies, police services.
(d) An amount decided by the Board (currently $3,000) is allocated annually from dues to the Junior Recognition Program.  The total awarded by the program each year is determined by adding this amount to the funds donated by members at the luncheon fundraiser.