RE: {Tidal Potomac Fly Rodders} TPFR Annual Financial Report 2016

Well done

Carl S

 

 

From: tidal-potomac-fly-rodders@googlegroups.com [mailto:tidal-potomac-fly-rodders@googlegroups.com] On Behalf Of Dalton Terrell
Sent: Sunday, February 12, 2017 12:18 PM
To: Tidal Potomac Fly Rodders
Subject: {Tidal Potomac Fly Rodders} TPFR Annual Financial Report 2016

 

In the interest of full transparency, I'd like to share with you the financial report of TPFR for calendar year 2016. We had a great year with the club and I think we're in good shape for another fantastic year for TPFR.

 

Cash Flows

Revenues	3,238.67	Expenses	2,746.69	Total Cash Flow	491.98
Raffles	1828.56	Beer Ties	89.10
Merchandise	1249.53	Grants	1,068.76
Bluegill Tournament	160.58	Casting Church	53.41
		Website	128.00
		Insurance	700.00*
		Merchandise Purchase	707.42

*Includes one year of unpaid insurance

 

The above cash flows include the two raffles we held and subsequently donated proceeds to outside groups, including Friends of Fletcher's Cove ($723.76) and Casting for Recovery ($345). The insurance fee noted above ($700) seems pretty excessive, but includes insurance payments for the year 2015--when some billing confusion occurred.

 

At the start of 2016, we had cash balances of $1229.30, and with these cash flows we had $1721.28 to start calendar year 2017. This is a more than comfortable position that will allow us to operate this year and continue to raise and donate funds to outside groups.

 

If you have any comments or concerns, feel free to share them here or reach out to me privately. I and the other board members take our fiduciary duties seriously, and we all appreciate all of the support you've given us.

 

Dalton

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