Reports from members of the board of directors will be posted here.
Reports from members of the board of directors will be posted here.
Find attached various Financial Statements as of Oct 31, 2014. Bob should have the 3rd Quarter Financial Statements ready in about 3 weeks.
On the Youth report could you tell us who Amazing Space is?
In the Youth Fund accounting I believe that either we are missing $500 from the WYCC coach honorariums or it somehow got mixed in with some of the other accounts. Also the NAYCC payment for Aris was for assistant HOD. The HOD, Victoria Jung-Doknjas also received a $300 payment. We will have to issue revised numbers to reflect these payments.
[Edit: This statement is incorrect. HOD Victoria Jung-Doknjas did not receive $300.]
Last edited by Vladimir Drkulec; 02-03-2015 at 03:58 AM.
Can we hear about membership stats?
.*-1
Thank you, Fred!
I think, this line from the Notes need clarification:
Less: recognized as revenue (38,396) -‐ (76,740) (1,400) (116,536)
Could you please provide breakdown for every number?
Olympic Donations: (38,396) = ???
Youth CC Program: (76,740) = ???
Kalev Pugi Program: (1,400) = ???
Thanks,
Michael Barron
I'm not sure why we do things this way but it is consistent with how the CFC has done its financial statements since I have been involved or interested. The $38,396 would be the total spent on the Olympiad. I'm not sure if that includes the sponsorship for the players. I would guess that it does. We had a net Olympiad shortfall of $6591 not counting the FIDE fees of 840 euros which appear in the January statement for FIDE.
The $76740 number includes the expenses for WYCC and the North American YCC. It also includes payments made to the organizers for entry fees and hotels and accommodation for accompanying persons, coaches, heads of delegation and extra players. It probably does not yet include the FIDE fees (1400 euros for WYCC, ) which appear in our January 2015 statement from FIDE.
Last edited by Vladimir Drkulec; 02-03-2015 at 01:03 AM.