1 / 16

House of Delegates May 22, 2010

Treasurer Report Financial Review. House of Delegates May 22, 2010. Fred Vogelgesang, Treasurer. Financial Report – 4/30/2010. Excludes Zones. Financial Report – 4/30/2010. Excludes Zones. 2010 Budget Sources of Income. $ 1,130,840 – Membership Fees* * $ 242,728 net of pass through

irene-wade
Download Presentation

House of Delegates May 22, 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Treasurer Report Financial Review House of Delegates May 22, 2010 Fred Vogelgesang, Treasurer

  2. Financial Report – 4/30/2010 Excludes Zones

  3. Financial Report – 4/30/2010 Excludes Zones

  4. 2010 BudgetSources of Income • $ 1,130,840 – Membership Fees* * $ 242,728 net of pass through • $ 304,100 – Meet Fees • $ 61,320 – Co-Pays • $ 600 – Interest • $ 14,350 – Other Sources • $ 1,511,210.00 – Total Income** **$ 623,098 net of pass through 4

  5. 2010 BudgetSpending Categories • $ 888,112 – USA Swim Pass Through • $ 115,909 – Administrative • $ 218,205 – Age Group (All-Star & Camps) • $ 178,175 – Senior (Meets, Travel & Camp) • $ 70,102 – Volunteer Management • $ 63,800 – Other Programs (Diversity, OW & Others) • $ 35,000 – Zones (All-Star Meet) • $1,566,291 – Total Budget Spend* * $ 678,179 net of pass through 5

  6. Administrative Expenses Expense Line Items Includes Telephone, Postage, Supplies Computer Repair & Maintenance Swim Guide, Rule Books Treasurer Fees, Insurance, Web & Church Donation Pacific Swimming Office Contractor Computer Services for Registration & Membership Spending History 2007 Actual - $ 52,892 2008 Actual - $110,893 2009 Actual - $56,773 2010 Budget - $115,909 6

  7. Age Group Swimming • 2009 Program Results • 4 camps – 160 swimmers, 3 All-Star Meets – 240 swimmers • Local competition – 56,577 swimmers in 298,333 swims, 5,577 relays at 101 meets • Spending History • 2007 Actual - $166,734 • 2008 Actual - $267,125 • 2009 Actual - $378,304 • 2010 Budget - $218,205 7

  8. Senior Swimming • 2009 Program Results • Travel assistance to 6 national meets for 186 swimmers • Local competition for 5,450 swimmers in 27,392 swims, 261 relays at 13 meets • Subsidized 10 Jr-Sr Meets • Spending History • 2007 Actual - $134,301 • 2008 Actual - $207,740 • 2009 Actual - $159,034 • 2010 Budget – $178,175 8

  9. Volunteer Management • 2009 Program Results • Supervision of 120 clubs, 19,663 athletes, 1,234 non-athlete members, Sanctioning of 175 events • Recruit, train, retain officials and volunteers • Manage performance statistics for swims, Pacific individual, relay & all-star records • Manage membership records, etc. • Spending History • 2007 Actual - $30,626 • 2008 Actual - $53,080 • 2009 Actual - $80,291 • 2010 Budget - $70,102 9

  10. Other Programs • 2009 Program Results • Granted money to 5 Diversity Programs • 2009 – Adaptive Swimming Budget Approved • Spending History • 2007 Actual - $15,000 • 2008 Actual - $26,250 • 2009 Actual - $22,337 • 2010 Budget - $63,850 10

  11. Zone Management • 2009 Program Results • Operate 5 geographic zones • Recruit, train & retain meet officials • Sanction and manage zone meets • Sponsor zone and league championships • Conduct Zone All-Star Competition • Spending History • 2007 Actual - $33,952 • 2008 Actual - $36,000 • 2009 Actual - $32,893 • 2010 Budget – $35,000 11

  12. Financial Actions Update Institute Multi-year Strategic Planning & Budgeting Process Optimize operational, retained, investment and/or endowment funds Organize the treasurer, finance and audit offices and responsibilities Re-engineer the administrative processes and offices Excludes Zones

  13. Budget – Decisions for 2011? • Influence Income • Analyze Membership Fees – • Non-Athletes, Clubs, Organizations • Determine PC Adder for 2011-2012 • Effective 9/1/2011 • Evaluate Meet entry fees including $5.00 Participation Fee • Cost to rent meet facilities increasing & under pressures. • Differentiate LC vs. SC fee structure? • Evaluate & Benchmark against other LSC for similar meets 13

  14. Budget – Decisions for 2011? • Prioritize Major Program Funding • Evaluate Non-Athlete Expenses • Administrative, Volunteer & Zone All-Star Meet • Clinics, HOD Meetings, Convention & Officials Travel • Age Group Swimming • Determine All-Star Meet priorities • and analyze overall expenses of trips. • Senior Swimming • Evaluate the number of meets that each athlete can receive assistance • and/or adjust the amount of adder per meet provided. • Determine senior meet subsidy strategy. • New Program Strategies • Open Water & Adaptive objectives • Club Development Needs! • Coach Development Needs 14

  15. Budget – Decisions for 2011? • Initiate 2011 – 2014 Budget Process • Schedule – • Multiple Year Planning – Evaluation & vetting – Approval Criteria 15

  16. Finally – 2010 Wrap-Up • Are the budgeted programs for 2010? • Planned • Implemented • On Track • Are there new 2010 Programs needs? • How can we direct financial resources for immediate benefits?

More Related