5d Treasurer's Report

[Fred McKim]

After 10 months of the 2012/2013 Fiscal Year (Mar 31) we have a surplus of about $2,700 for the year. In addition we have accrued $2,700 of the $3,600 toward the audit being performed after the end of the fiscal year.

At this point in time I expect to run for Treasurer for 2013/2014.

[Félix Dumont]

After 10 months of the 2012/2013 Fiscal Year (Mar 31) we have a surplus of about $2,700 for the year. In addition we have accrued $2,700 of the $3,600 toward the audit being performed after the end of the fiscal year.

At this point in time I expect to run for Treasurer for 2013/2014.

How come the surplus is so small? I expected more with nearly $8k from the FQE and substantial savings in storage.

[Vladimir Drkulec]

I don't believe that there is a payment due from the FQE until August 2013 so this is actually great news. If I am understanding the original post we have a surplus of $2700 and an additional $2700 that has been accrued towards the audit. This has been possible despite the big hole (relatively speaking) that the 2012 CYCC fiasco of the organizer refusing to collect memberships caused. That probably cost the CFC four hundred dollars in Windsor alone initially. Fortunately there is a larger pool of Windsor kids going to tournaments to play against adults so some of that (but not most of it) was recouped after a few months.

[Fred McKim]

How come the surplus is so small? I expected more with nearly $8k from the FQE and substantial savings in storage.

The money from the FQE is not treated as regular CFC money. It is held in a separate fund, administered by the Fund Trustees.