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Fred McKim
08-22-2018, 07:34 PM
Remember CFC Financial Year is May 1 - April 30

I'll have some comments shortly.


Fred McKim
CFC Treasurer

Fred McKim
08-23-2018, 10:23 AM
I like to provide a simplified Coles Notes Version of the Financial Statement. Open to comments !!

"Coles Notes" CFC Financial Statement for 2017/18 (Revenue & Expenditures)

REVENUE

CFC Memberships (NET) 46505
All Rating Fees (NET) 34783
Chess Foundation 9816
Advertizing (Strategy Games) 3750

TOTAL REVENUE 94854

EXPENSES

Fixed Expenses
General & Admin 53080
FIDE Membership 1890

Domestic Programs
CFC Magazine / Newsfeed 5535

International Programs
2018 Olympiad 12000
Titles & Licenses 3321
Player Travel & EF 2980

TOTAL EXPENSES 77806

GROSS INCOME 16048

Accounting Adjustment 5000

NET INCOME 11048