December 2009 Financial Reports
Balance Sheet
As of December 7, 2009
| ASSETS | |
|---|---|
| Current Assets | |
| Checking/Savings | |
| Amegy CDs | 104,057.30 |
| Amegy Checking | |
| Lynne Graham Fund | 672.59 |
| Bentley/Graham Funds | 672.59 |
| Amegy Checking - Other | 15,599.67 |
| Total Amegy Checking | 16,940.99 |
| Amegy Money Market | 431.28 |
| Cash | 104.00 |
| Total Checking/Savings | 121,533.57 |
| Total Current Assets | 121,533.57 |
| Fixed Assets | |
| Bridge Tables & Bidding Boxes | 18,454.82 |
| Bridge Tables & Boxes-Accum Dpr | -18,454.82 |
| Tournament Equipment | 7,009.87 |
| Tournament Equipment-Accum Depr | -4,627.55 |
| Total Fixed Assets | 2,382.32 |
| Other Assets | |
| Prepaid Expenses | |
| Books on Hand | 247.71 |
| Cups, Glasses & Trophies | 937.64 |
| Deposits with others | 3,150.00 |
| Hospitality | 312.50 |
| LM Plaques | 953.80 |
| Regional Expenses | 865.00 |
| Supplies | 3,788.86 |
| Total Prepaid Expenses | 10,255.51 |
| Total Other Assets | 10,255.51 |
| TOTAL ASSETS | 134,171.40 |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Other Current Liabilities | |
| Deferred Regional Revenue | 500.00 |
| Total Other Current Liabilities | 500.00 |
| Total Current Liabilities | 500.00 |
| Total Liabilities | 500.00 |
| Equity | |
| Opening Bal Equity | 102,103.99 |
| Retained Earnings | 27,285.56 |
| Net Income | 4,281.85 |
| Total Equity | 133,671.40 |
| TOTAL LIABILITIES & EQUITY | 134,171.40 |
Profit & Loss by Class
Jan 1 - December 7, 2009
Other Tourn |
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April Sect | August Sect | Education | G&A | June Sect | NABC | Oct Sect | GNT | NAOP | Other | STAC | Total | Regional | Social Bridge | Total | |
| Income | |||||||||||||||
| Educ. Rev. | |||||||||||||||
| Book Sales | 0.00 | 0.00 | 7,736.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,088.46 |
| Total Educ. Rev. | 0.00 | 0.00 | 7,736.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,088.46 |
| Other Rev. | |||||||||||||||
| Directory ad sales | 0.00 | 0.00 | 0.00 | 500.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500.00 |
| Interest | 0.00 | 0.00 | 0.00 | 1,348.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,348.23 |
| Membership Dues Sharing | 0.00 | 0.00 | 0.00 | 8,013.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,013.19 |
| Other | 0.00 | 0.00 | 0.00 | 130.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 130.80 |
| Total Other Rev. | 0.00 | 0.00 | 0.00 | 9,992.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9,992.22 |
| Tourn. Rev. | |||||||||||||||
| Event Name Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,160.00 | 0.00 | 0.00 | 3,160.00 | 1,835.00 | 0.00 | 4,995.00 |
| Other revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 158,936.00 | 0.00 | 0.00 | 0.00 | 2,184.20 | 0.00 | 2,184.20 | 0.00 | 0.00 | 161,120.20 |
| Table Fees | 20,880.00 | 26,640.00 | 0.00 | 0.00 | 23,084.00 | 0.00 | 18,703.00 | 935.00 | 0.00 | 0.00 | 8,540.00 | 9,475.00 | 124,134.00 | 1,700.00 | 224,616.00 |
| Total Tourn. Rev. | 20,880.00 | 26,640.00 | 0.00 | 0.00 | 23,084.00 | 158,936.00 | 18,703.00 | 935.00 | 3,160.00 | 2,184.20 | 8,540.00 | 14,819.20 | 125,969.00 | 1,700.00 | 390,731.20 |
| Total Income | 20,880.00 | 26,640.00 | 7,736.46 | 9,992.22 | 23,084.00 | 158,936.00 | 18,703.00 | 935.00 | 3,160.00 | 2,184.20 | 8,540.00 | 14,819.20 | 125,969.00 | 1,700.00 | 408,811.88 |
| Expense | |||||||||||||||
| Educ. Exp. | |||||||||||||||
| Book Purchases | 0.00 | 0.00 | 7,452.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,936.40 |
| Total Educ. Exp. | 0.00 | 0.00 | 7,452.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,936.40 |
| G&A | |||||||||||||||
| Advertising | 0.00 | 0.00 | 0.00 | 386.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 386.62 |
| Directory | 0.00 | 0.00 | 0.00 | 3,988.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,988.44 |
| Election exp | 0.00 | 0.00 | 0.00 | 414.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 414.38 |
| Growth Initiatives | 0.00 | 0.00 | 0.00 | 40.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.99 |
| Holiday Parties | 0.00 | 0.00 | 0.00 | 285.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 285.16 |
| Membership | 0.00 | 0.00 | 0.00 | 130.38 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 130.38 |
| NABC Subsidy | 0.00 | 0.00 | 0.00 | 3,478.71 | 0.00 | 0.00 | 0.00 | 1,000.00 | 0.00 | 0.00 | 0.00 | 1,000.00 | 0.00 | 0.00 | 4,478.71 |
| New Player Services | |||||||||||||||
| 0-20 Game Subsidy | 0.00 | 0.00 | 0.00 | 1,015.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,015.00 |
| Mentor game subsidy | 0.00 | 0.00 | 0.00 | 1,839.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,839.25 |
| Novice classes | 0.00 | 0.00 | 0.00 | 382.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 382.29 |
| New Player Services - Other | 0.00 | 0.00 | 0.00 | 179.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 101.59 | 281.05 |
| Total New Player Services | 0.00 | 0.00 | 0.00 | 3,416.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 101.59 | 3,517.59 |
| Other G & A | 0.00 | 0.00 | 0.00 | 1,018.70 | 0.00 | -10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,008.70 |
| Postage | 0.00 | 0.00 | 0.00 | 21.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.34 |
| Prizes and awards | 0.00 | 0.00 | 0.00 | 175.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 175.55 |
| Property Taxes | 0.00 | 0.00 | 0.00 | 153.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 153.21 |
| Scorecard | 0.00 | 0.00 | 0.00 | 5,425.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,425.00 |
| Supplies warehousing | 0.00 | 0.00 | 0.00 | 4,290.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,290.00 |
| Total G&A | 0.00 | 0.00 | 0.00 | 23,224.48 | 0.00 | -10.00 | 0.00 | 1,000.00 | 0.00 | 0.00 | 0.00 | 1,000.00 | 0.00 | 101.59 | 24,316.07 |
| Tourn Exp | |||||||||||||||
| Advertising | 297.29 | 288.40 | 0.00 | 55.98 | 298.57 | 0.00 | 295.48 | 5.76 | 16.37 | 0.00 | 0.00 | 22.13 | 3,445.70 | 153.09 | 4,868.84 |
| Caddy expense | 1,015.00 | 1,433.26 | 0.00 | 750.00 | 1,304.38 | 0.00 | 815.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,750.00 | 0.00 | 9,067.64 |
| Cashiers | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,680.00 | 0.00 | 1,680.00 |
| Concession coupons | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,659.00 | 0.00 | 2,659.00 |
| Daily Bulletin | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,083.30 | 0.00 | 5,083.30 |
| Directors - Hotel | 671.90 | 1,145.43 | 0.00 | 0.00 | 833.04 | 0.00 | 828.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,995.84 | 0.00 | 12,474.57 |
| Directors - Per Diem | 885.00 | 1,091.50 | 0.00 | 0.00 | 885.00 | 0.00 | 1,065.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,103.50 | 0.00 | 9,030.00 |
| Directors - Session charges | 4,023.40 | 4,499.95 | 0.00 | 0.00 | 4,051.75 | 0.00 | 3,491.60 | 0.00 | 281.00 | 0.00 | 0.00 | 281.00 | 22,325.45 | 0.00 | 38,673.15 |
| Directors - Transportation | 798.00 | 1,112.16 | 0.00 | 0.00 | 927.00 | 0.00 | 786.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,551.05 | 0.00 | 8,174.21 |
| District breakfast | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 496.16 | 0.00 | 496.16 |
| District Fees | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,551.80 | 0.00 | 3,551.80 |
| Duplicated hands | 290.00 | 282.00 | 0.00 | 0.00 | 170.00 | 0.00 | 144.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 888.11 | 0.00 | 1,774.11 |
| Free plays | 218.00 | 250.00 | 0.00 | 0.00 | 271.00 | 0.00 | 157.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 508.00 | 0.00 | 1,404.00 |
| Hand Records | 56.00 | 56.00 | 0.00 | 0.00 | 56.00 | 0.00 | 48.00 | 0.00 | 0.00 | 10.00 | 112.00 | 122.00 | 144.00 | 0.00 | 482.00 |
| Hospitality | 116.78 | 241.67 | 0.00 | 0.00 | 403.30 | 0.00 | 798.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,773.08 | 86.36 | 4,419.56 |
| I/N services | 20.54 | 0.00 | 0.00 | 67.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 787.14 | 116.91 | 992.02 |
| National surcharge | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -9,993.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9,993.00 | 0.00 | 0.00 |
| Other | 0.00 | -0.79 | 0.00 | 0.00 | 0.46 | 165,140.00 | 0.00 | 0.00 | 40.00 | 0.00 | 30.56 | 30.56 | 490.52 | 0.00 | 165,700.75 |
| Player meals | 3,298.00 | 0.00 | 0.00 | 0.00 | 3,451.20 | 0.00 | 2,851.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14,022.00 | 1,937.75 | 25,559.95 |
| Playing Site | 7035.00 | 4,886.78 | 0.00 | 0.00 | 6,230.00 | 0.00 | 6,025.00 | 400.00 | 1,000.00 | 355.00 | 0.00 | 1,755.00 | 9,778.50 | 550.00 | 36,240.28 |
| Printing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 324.72 | 0.00 | 330.18 |
| Prizes and awards | 70.00 | 168.00 | 0.00 | 0.00 | 162.00 | 0.00 | 190.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,198.00 | 0.00 | 1,788.00 |
| Refreshments | 0.00 | 1,650.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,520.00 | 0.00 | 4,170.11 |
| Rooms | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,518.66 | 0.00 | 1,518.66 |
| Sanction fee | 1,361.36 | 1,909.50 | 0.00 | 0.00 | 1,515.80 | 0.00 | 1,322.75 | 285.00 | 0.00 | 274.43 | 5,995.82 | 6,555.25 | 10,477.81 | 0.00 | 23,142.47 |
| Sectional surcharge | 165.00 | 165.00 | 0.00 | 0.00 | 165.00 | 0.00 | 165.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 660.00 |
| Security | 725.00 | 0.00 | 0.00 | 0.00 | 712.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,437.50 |
| Student discounts | 5.00 | 65.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220.00 | 0.00 | 290.00 |
| Supplies | 238.00 | 333.75 | 0.00 | 0.00 | 265.00 | 0.00 | 231.25 | 0.00 | 0.00 | 518.00 | 0.00 | 518.00 | 1,268.50 | 0.00 | 2,854.50 |
| Supplies - Transportation | 524.40 | 510.00 | 0.00 | 0.00 | 524.40 | 0.00 | 434.40 | 0.00 | 0.00 | 566.40 | 0.00 | 566.40 | 709.20 | 261.00 | 3,529.80 |
| Tips | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 200.00 | 25.00 | 225.00 |
| Total Tourn Exp | 21,813.67 | 20,067.72 | 0.00 | 873.41 | 22,226.40 | 155,147.00 | 19,653.67 | 690.76 | 1,337.37 | 1,736.03 | 6,138.38 | 9,902.54 | 119,463.04 | 3,130.11 | 372,277.56 |
| Total Expense | 21,813.67 | 20,067.72 | 7,452.40 | 24,097.89 | 22,226.40 | 155,137.00 | 19,653.67 | 1,690.76 | 1,337.37 | 1,736.03 | 6,138.38 | 10,902.54 | 119,463.04 | 3,231.70 | 404,530.03 |
| Net Income | -933.67 | 6,572.28 | 152.06 | -14,105.67 | 857.60 | 3,799.00 | -950.67 | -755.76 | 1,822.63 | 448.17 | 2,401.62 | 3,916.66 | 6,505.96 | -1,531.70 | 4,281.85 |
