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Lyle Craver
04-01-2011, 12:51 AM
Treasurer’s Report

1) Web Site costing: The final gross cost of the web site including tax is $19,125. We should recover from Revenue Canada approximately 50% of the taxes paid, for a net cost of $18,025.
We have payments still to make of $3825 on the launch date of May 25, and then $9562 30 days after the launch.

2) 2010/11 Budget: We are operating at a surplus of $4489 after 10 months into the 2010/11 fiscal year. $3,000 of that has been guaranteed to the 2011 Canadian Closed.

3) 2011/12 Budget: The Executive will be working on this over the next 30 days or so. Obviously all input is welcome either by e-mail or by discussion board. It’s important to keep in mind that discretionary spending is not large when one sees the income and expenditures information.

4) Revenue Streams: Even more important than dreaming about programs that we can’t presently finance is thinking about ways ot increase our revenue streams:
Memberships:
Comparison of 10 month periods 2009/10 & 2010/11 (May 1 - Feb 28)
2009/10 2010/11
Memberships (Full & Tournament) 36510 37762
Rating Fees 23756 22209
Net Sales 3348 7023
Advertizing 350 250
Foundation Interest 3020 6053
General Donations / Misc 1873 361

1) I think the opportunity to exist to increase memberships and ratings perhaps as much as 10% in the first year via the membership drive in conjunction with the new web site
2) I’m hoping our net sales can at least double or triple in the first year.
3) We can start working on advertising for the web site. This may take a bit of time and effort.
4) Now that we are no longer a recognized charitable organization the 5% administrative fee, we used to charge for donations that were more or less in to us and out again to a specific program is no longer a revenue stream.

Fred McKim
Charlottetown, PEI

(apologies for the loss of formatting in Fred's report - ed.)

Michael von Keitz
04-01-2011, 04:13 PM
Can Fred report a firm date for the release of the new website at this point?

Bob Armstrong
04-01-2011, 04:52 PM
Hi Michael:

He's said May 25 - says longer than he'd like, but trying to get it right.

Bob

Michael von Keitz
04-01-2011, 04:53 PM
Wow, I guess I missed that! Certainly disappointing, but I'm sure it'll be worth the wait.

Fred McKim
04-01-2011, 05:26 PM
Actually given the situation I'm happy with this date, as there is a lot of work on our end to get new content togaether.

Egidijus Zeromskis
04-01-2011, 08:43 PM
Aligned numbers


Comparison of 10 month periods 2009/10 & 2010/11 (May 1 - Feb 28)
2009/10 2010/11
Memberships (Full & Tournament) 36510 37762
Rating Fees 23756 22209
Net Sales 3348 7023
Advertizing 350 250
Foundation Interest 3020 6053
General Donations / Misc 1873 361

Is there any way to get a detailed information about memberships (adults, families, life, juniors), and rating fees (normal and juniors)
Do Net sales include Amazon?
Thnx

Fred McKim
04-01-2011, 11:05 PM
Aligned numbers


Comparison of 10 month periods 2009/10 & 2010/11 (May 1 - Feb 28)
2009/10 2010/11
Memberships (Full & Tournament) 36510 37762
Rating Fees 23756 22209
Net Sales 3348 7023
Advertizing 350 250
Foundation Interest 3020 6053
General Donations / Misc 1873 361

Is there any way to get a detailed information about memberships (adults, families, life, juniors), and rating fees (normal and juniors)
Do Net sales include Amazon?
Thnx
Thanks for the formatting.

I'll try to get the breakdown later in the meeting.

Yes this is both Amazon & Equipment. Very small right now, but I see great growth potential, especially if we can get the books moving.

Stuart Brammall
04-02-2011, 07:24 PM
Is there any way to get a detailed information about memberships (adults, families, life, juniors), and rating fees (normal and juniors)

Check this:

http://www.chess.ca/MemStats.shtml

Egidijus Zeromskis
04-02-2011, 10:03 PM
Check this:

http://www.chess.ca/MemStats.shtml

Did you check a date? (FYI: CFC Membership Stats as of: 2010/05/01)

Fred McKim
04-03-2011, 10:59 AM
Did you check a date? (FYI: CFC Membership Stats as of: 2010/05/01)

Here is the Mar 1, 2011 report

Ordinary 931
Junior 325
Participating 97
Family 33
Life 374
Honorary 66

Total 1826

I would think the April report will be available before the end of the meeting.

Paul Leblanc
04-04-2011, 10:01 AM
For the 2011/2012 fiscal year, you can count on $9,000 income from the Foundation. That is what I forecasted my last annual report and we are on track to achieve it, maybe even exceed it by a few dollars. I will send the cheque to the CFC by the end of May 2011 and share my 2010/2011 annual report with the governors at the same time.

Fred McKim
04-04-2011, 10:03 AM
For the 2011/2012 fiscal year, you can count on $9,000 income from the Foundation. That is what I forecasted my last annual report and we are on track to achieve it, maybe even exceed it by a few dollars. I will send the cheque to the CFC by the end of May 2011 and share my 2010/2011 annual report with the governors at the same time.
That's great news Paul !