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Treasurers Report

Treasurers Report. Oct 20, 2010 Board Meeting. NCJLA Balance Sheet. 2010 Season Overview. Oct 1, 2009 through Sept 30, 2010 season ended with net income of $8,305.57 Operating budget under spend(4K$), gifts given surplus (1.5K$) and the remainder from unclaimed ref fees.

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Treasurers Report

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  1. Treasurers Report Oct 20, 2010 Board Meeting

  2. NCJLA Balance Sheet

  3. 2010 Season Overview • Oct 1, 2009 through Sept 30, 2010 season ended with net income of $8,305.57 • Operating budget under spend(4K$), gifts given surplus (1.5K$) and the remainder from unclaimed ref fees

  4. 2011 Proposed Budget • Board vote to approve projected budget for 2011 season of $167,440 (details next page) • Approval means you would be authorizing $10,347 to be used from reserve fund to cover shortfall versus projected income • Recognition that amount from reserve could be lower or higher based on actual spend and assumption we will see 5% growth in # of teams registered this year • Underwriting of $12,441 for TI Field & Lining costs and any shortfall in miscellaneous costs (toilets, garbage, etc above vendor fees) previously approved by board and not part of this vote

  5. 2011 Operating BudgetProposed

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