5b. Treasurers Report

[Paul Leblanc]

Last year (from memory) the CFC held about $2500 in accumulated Pugi Fund income. I believe the trustees gave out about 4 x $500 to juniors on the Olympiad team. The CFC office can provide the exact figures.

At the moment, according to GL 2 there remains only $883 available to give out. I expect to augment that by $800 in June when I send my annual cheque to the CFC from the Pugi Fund portion of the Foundation.

That will give the trustees $1683 to last until June 2013. They may or may not want to deplete most of it for one event.

If you want to know who to lobby, the trustees are Craver, McDonald and Stringer although for the moment I have Lynn's proxy due to a prolonged serious illness.

[Hal Bond]

Despite our most successful CYCC ever, we managed to lose $1400 on the WYCC. This makes me nervous about the 2012 prospects.

[Hal Bond]

By the way Bob - great work on the youth financial reports.

[Ken Craft]

I echo Hal's comments. Well done, Bob.

[Michael Barron]

This second report is a continuity schedule which shows all changes from April 30, 2011 to January 31, 2012 in the accumulated surplus balance.

Bob G.

Thank you, Bob, for providing these reports!

If you don't mind, now we could discuss these numbers, right?

Apparently, we need more information on 2 negative items in the report:

Net proceeds from 2011 CYCC qualifiers prior to April 30, 2011 ( 1,025.76)
(included in receipts for 2011 CYCC /WYCC report)

Net Deficit for 2011 CYCC/WYCC cycle (see report) ( 1,431.50)

Sorry, I don't understand how first number ( 1,025.76) was calculated.
In the 2011 CYCC /WYCC report we can see:
YCC qualifiers & donations 1,900.76

How this became ( 1,025.76) ?

Is it possible to provide more detailed tournament-by-tournament report?

As for the second number ( 1,431.50) :
When I was Youth Coordinator and you was President, it was your directive that we can't spend on WYCC more than we earned from CYCC.
When and how this policy was changed?
And for what reason?
To send abroad a person who publicly denigrated CFC as organization and CFC officers personally?

I would think, we need more accountability and transparency in financial matters...

[Egidijus Zeromskis]

The 2013 budget is here for discussion and proposed amendments.

I think it was planned to contribute to the Teams Championship (~500?).

[Bob Gillanders]

If you don't mind, now we could discuss these numbers, right?

Apparently, we need more information on 2 negative items in the report:

Net proceeds from 2011 CYCC qualifiers prior to April 30, 2011 ( 1,025.76)
(included in receipts for 2011 CYCC /WYCC report)

Net Deficit for 2011 CYCC/WYCC cycle (see report) ( 1,431.50)

Sorry, I don't understand how first number ( 1,025.76) was calculated.
In the 2011 CYCC /WYCC report we can see:
YCC qualifiers & donations 1,900.76

How this became ( 1,025.76) ?

Thanks for the question, Michael.
Some of the difficulty in preparing the reports (and understanding them) is that the transactions span over two fiscal periods. The first report, Financial report on 2011 CYCC / WYCC captures ALL the financial transactions related to the 2011 cycle before and after April 30, 2011. In order to balance to the accumulated surplus balance at April 30, 2011, we need to make an adjustment. The CYCC qualifier tournaments brought in a total net proceeds of $1,900.76. (Net proceeds = Qualifier fees + donations - costs of Qualifier packages). ($1,025.76 before April 30, 2011, $875.00 after April 30, 2011)

I hope that answers your question.

[Bob Gillanders]

Is it possible to provide more detailed tournament-by-tournament report?

Yes, with some additional work.
However, I don't think this is the proper forum for that.

You were Youth Coordinator last year, so I am pleased to share further detailed analysis with you, tournament by tournament, if you desire. If some of the numbers look wrong to you, perhaps there is an error you can help us fix.

[Bob Gillanders]

As for the second number ( 1,431.50) :
When I was Youth Coordinator and you was President, it was your directive that we can't spend on WYCC more than we earned from CYCC.
When and how this policy was changed?
And for what reason?

Well, to be more precise my policy has always been, and continues to be, where possible, we save a little bit from good years, to help finance the not so good years. To your credit, you were able to stay within the budget of 20k provided by the Windsor CYCC. Well done sir.

Each year brings it's own unique set of circumstances and challenges. There are always many voices to spend more, more. I wished we had been able to save that 1,431.50 for 2012. But alas, it wasn't to be.

[Bob Gillanders]

To send abroad a person who publicly denigrated CFC as organization and CFC officers personally?

Not acceptable. Disagreements over policy, criticism, and intelligent debate are all fair game. When any member of our chess community resorts to personal attacks on the integrity, character, and honesty of CFC officials, organizers, volunteers, to try and embarrass or belittle someone to try and win an argument, that is unacceptable. It hurts us all.

Michael, you and I have had our differences over policy, but I always found your heart was in the right place, and you always championed a position you felt was best for the chess community.

What to do about "bad behaviour"? I wish I had the answer.