The California ACTRA Board met at Farnesis’s Restaurant in Chowchilla on May 4, 2007. The big news from the meeting was that the dates for the Finals in King City were changed to September 21,22 & 23. The Board had set the Finals the previous weekend not knowing that Carmel Valley Rancher Days was that weekend. The Board felt that a long running event like Carmel should have precedence over the finals in King City and decided to change the dates.
Tonja Sweeney reported that most of the awards have been ordered and everything is coming together.
Memberships are up from this time last year as it seems Members are taking to the 3 Finals concept. Next month the formats for all 3 Finals should be decided. Mike Carr has donated a 2 horse slant load trailer. The Board will decide how that will benefit the Members the most. So get out and get qualified, as you don’t want to miss this years Finals!
If you are in Reno during the week of the BFI and the Reno Rodeo, please stop by the ACTRA booth and say hello!!!!!
FINANCIAL STATEMENTS AS OF APRIL, 2007
| ASSETS | ||
| Current Assets | ||
| General Fund Checking | $ 44,896.81 | |
| Catastrophy Fund Checking | 5,275.39 | |
| Scholarship Checking | 6,863.57 | |
| CD Account Catastrophy Fund | 7,500.00 | |
| Accounts Receivable | (500.13) | |
| Total Current Assets | 64,035.64 | |
| Total Assets | $ 64,035.64 | |
| LIABILITIES AND CAPITAL | ||
| Current Liabilities | ||
| Accrued Other Expenses | $ 56,000.00 | |
| Clearing account | 428.00 | |
| Total Current Liabilities | 56,428.00 | |
| Total Liabilities | 56,428.00 | |
| Capital | ||
| Retained Earnings | 21,097.79 | |
| Net Income | (13,490.15) | |
| Total Capital | 7,607.64 | |
| Total Liabilities & Capital | $ 64,035.64 | |
|
|
PTD Current |
Current YTD |
05 PTD Last Year |
Last Year YTD |
YTD $ Variance |
Budget Current |
Budget YTD |
Variance To Budget |
Percent of |
| Membership Income | |||||||||
| Regular Membership | $ 10,140.00 | $ 92,690.00 | $ 6,765.00 | $ 87,425.00 | 5,265.00 | $ 8,000.00 | $ 86,844.37 | 5,845.63 | 106.73 |
| New Double Numbers | 570.00 | 2,755.00 | 95.00 | 3,230.00 | (475.00) | 106.40 | 3,469.40 | (714.40) | 79.41 |
| Dual Member Income | 105.00 | 1,855.00 | 0.00 | 350.00 | 1,505.00 | 0.00 | 560.87 | 1,294.13 | 330.74 |
| Membership Income | 10,815.00 | 97,300.00 | 6,860.00 | 91,005.00 | 6,295.00 | 8,106.40 | 90,874.64 | 6,425.36 | 107.07 |
| Cost Of Memberships | |||||||||
| National New Double Num. | 300.00 | 1,450.00 | 50.00 | 1,700.00 | (250.00) | 56.00 | 1,827.00 | (377.00) | 79.37 |
| National Dual Member Expense | 30.00 | 530.00 | 20.00 | 100.00 | 430.00 | 0.00 | 161.00 | 369.00 | 329.19 |
| National Membership Expense | 6,240.00 | 57,040.00 | 5,020.00 | 54,400.00 | 2,640.00 | 4,923.00 | 53,443.00 | 3,597.00 | 106.73 |
| Cost Of Memberships | 6,570.00 | 59,020.00 | 5,090.00 | 56,200.00 | 2,820.00 | 4,979.00 | 55,431.00 | 3,589.00 | 106.47 |
| Net Membership Income | 4,245.00 | 38,280.00 | 1,770.00 | 34,805.00 | 3,475.00 | 3,127.40 | 35,443.64 | 2,836.36 | 108.00 |
| Other Income | |||||||||
| Arena Membership Fees | 450.00 | 5,925.00 | 900.00 | 5,075.00 | 850.00 | 675.00 | 4,875.00 | 1,050.00 | 121.54 |
| Team Contribution | 3,924.00 | 20,733.00 | 5,766.00 | 23,160.73 | (2,427.73) | 5,066.00 | 21,243.73 | (510.73) | 97.60 |
| Arena Process Fee | 0.00 | 0.00 | 0.00 | 124.00 | (124.00) | 0.00 | 0.00 | 0.00 | 0.00 |
| Sponsorship Income General | 2,500.00 | 8,000.00 | 6,500.00 | 8,000.00 | 0.00 | 6,500.00 | 8,000.00 | 0.00 | 100.00 |
| Sponsorship Trailer | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sponsor Kids Ropings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Member Fines | 195.00 | 650.00 | 0.00 | 2,210.00 | (1,560.00) | 0.00 | 1,500.00 | (850.00) | 43.33 |
| Finals Sponsor North | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Nationals Income | 0.00 | 0.00 | 0.00 |