Download
1 / 5
50 likes | 159 Views
FINANCIAL PLANNING. 2012 - 2013. FINANCIAL PLANNING 2012 - 2013. 2011 – 2012 SURPLUS $ 227,508 2012 – 2013 DISCRETIONARY SPENDING $ 157,838 2011 – 2012 LONG TERM RESERVE $ 44,161 $201,999 ( NOTE. CONSUMER PRICE INDEX (CPI) AS OF MARCH 31 IS 1.9% )
E N D
FINANCIAL PLANNING 2012 - 2013
FINANCIAL PLANNING 2012 - 2013 2011 – 2012 SURPLUS $227,508 2012 – 2013 DISCRETIONARY SPENDING $ 157,838 2011 – 2012 LONG TERM RESERVE $ 44,161$201,999 (NOTE. CONSUMER PRICE INDEX (CPI) AS OF MARCH 31 IS 1.9%) REMAINING 2011 – 2012 surplus $ 25,509
FINANCIAL PLANNING 2012-2013 CALCULATION OF DISCRETIONARY SPENDING 2012-2013 CCA Surplus for the year ending April 30, 2012 $227,508 Plus: CAP Expenditures Paid as at April 30, 2012 233,418 Plus: Discretionary Spending in 2011-2012 199,803 Less: 2011-2012 Championship Revenue (consolidated net profit) ( 29,377) CCA Operational Surplus for the year ending April 30, 2012 $631,352 Discretionary Spending (whichever of the following is less) 2% of 2011-2012 Revenue ($10,224,200 x 2% = $204,484) OR 25% of 2011-2012 Operational Surplus ($631,352 x 25% = $157,838) Discretionary Spending for 2012-2013 $ 157,838
FINANCIAL PLANNING 2012-2013 CURLING ASSISTANCE PROGRAM (CAP) 2011 – 2012 CAP $162,626 REMAINING 2011 – 2012 SURPLUS 25,509 ACCUMULATED SURPLUS 61,865 TOTAL CAP 2012 – 2013 $250,000
