Remember CFC Financial Year is May 1 - April 30
I'll have some comments shortly.
Fred McKim
CFC Treasurer
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Remember CFC Financial Year is May 1 - April 30
I'll have some comments shortly.
Fred McKim
CFC Treasurer
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