TPFR Annual Financial Report 2016

[Dalton Terrell]

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

[arthur...@gmail.com]

This is great news!

Sent from my iPhone

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[Carl Smolka]

Well done

Carl S

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[namfos]

Well done, TPFR officers!

Mark

[TurbineBlade]

Money for church?  Isn't there a TPFR policy mandating a separation of church and spey? 

Gene

On Monday, February 13, 2017 at 10:45:42 AM UTC-5, namfos wrote:

Well done, TPFR officers!

Mark

[Dalton Terrell]

Ha, we actually have a strict policy connecting Church and Spey. But those funds were actually used for several big containers of coffee and donuts at John's going away Casting Church.

[TurbineBlade]

Oh!  Well in the interest of transparency, I'd enjoy seeing "big containers of coffee + donuts" on next year's form!  Honest and specificity are always best.  

Last year I submitted a budget item "extra large copy machine in shape of dragon" at work, but not enough people went for it.  

Gene