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Lyle Craver
01-15-2011, 01:40 AM
If you are a CFC Officer and have a report to give, please post it here

Ken Craft
01-19-2011, 09:41 AM
Will we be receiving an update on the state of the Federation's finances at this meeting?

Fred McKim
01-19-2011, 11:07 AM
Will we be receiving an update on the state of the Federation's finances at this meeting?

I'm not sure if Chris can make a meeting thread for this

Summarized Revenue Statement after 8 months of 2010/11

Revenue

Net Sales 4804
Memberships 29028
Rating Fees 17879
Other 9822

Total 61533


Expenses

EKG 27621
Other Admin 8600
Newsletter 11825
Programs 11603

Total 59649

Net Profit 1884

Ken Craft
01-19-2011, 02:20 PM
Thanks, Fred. It is nice to see the Federation in the black.

Christopher Mallon
01-19-2011, 06:51 PM
Fred, you're on the Exec, so you should be able to create your own "New Business" thread if you want :)

Michael Barron
01-19-2011, 10:55 PM
Thank you, Fred!

Could you please clarify - what does it mean?

"Revenue : Other 9822"

"Expenses : Programs 11603"

Is it Olympiad donations and expenses?
Or something else?

Bob Gillanders
01-19-2011, 11:42 PM
Michael,

The best way to get a thorough understanding of the financial numbers is to review the detailed 6 month report. You will find it in the GL reports. The next quarterly report will be out in a few weeks, again with all the details.

The important point to note on this 8 month summary, we are on budget. :)