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Thread: 4M. Financial Statement for 2017/2018

  1. #1
    Join Date
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    Default 4M. Financial Statement for 2017/2018

    Remember CFC Financial Year is May 1 - April 30

    I'll have some comments shortly.


    Fred McKim
    CFC Treasurer
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  2. #2
    Join Date
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    Default

    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

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