7. Financial Reports

[Vladimir Drkulec]

Michael von Keitz got back to me and the following is a slightly redacted (names of individuals have been removed) cut and paste:

2800: (2650.00) = 2050 coverage for WYCC coach air travel to 2013 WYCC (seems misallocated – should probably be applied against 2810 – sorry we missed this…) + 250 to for CYCC trophies refurbish + 350 to player for NAYCC
2805: According to Quickbooks, we closed last year out at 6214.99. Breakdown:
An amount of 4261.39 carried forward from prior; a YE adjustment of 2035.91 for A/P related to pre-WYCC camps was applied; and an additional adjustment of (82.31) was applied without a memo. $7402 does not correspond with our records, as far as I can see.
2810 & 2811: Reports on the Youth Fund, similar to last year, are planned to be prepared for this year’s YE. The numbers you provided to John Upper are a good reference in the interim.

I surmise that the 2035.91 for pre-WYCC chess camps is related to 2012 since no such expenditure that I am aware of was undertaken in 2013. I await clarification on that. We had $1000 budgeted in 2013 but only $200 was spent as shown in the January 11th, 2014 WYCC Budget vs Actuals document attached in this thread's post #6. John Upper asked for a breakdown of spending on WYCC for the CCN and I gave him a version of this document which was prepared by Andrew Giblon our outstanding head of delegation for WYCC 2013. The only change that I made in the document that Andrew sent me was to edit the gift purchase amount to reflect the fact that we paid $510 and not $500. I also removed references to individual players so the original documents give a slightly more thorough explanation of where the individual payments came from with one notable error which shows someone paid $150 when I know that they paid the correct amount of $300.