ࡱ> AC@ bjbj"" 44@i~_@i~_ PPPPPddddd$d]#b"""""""$%u(#P#PP#   RPP" "  VH!@ "}"F! "-#0]#!x )_ ) " )P " ##5]# )X : Yankee Rowing Club P.O. Box 3128 Amherst, MA 01004 2020 Financial Summary 1-10-21 2019 2020 2020 2021 Income: Actual BUDGET ACTUAL BUDGET Membership $19,495 $19,000 $22,785 $20,000 (31@ $490 (31@ $490) (37@ $490 (40@$490) total roster 50) total roster 53) Rack rent $9,887 $9,000 $9,744 $9,250 (21@ $415) (17@ $415) (19@ $415) (24@$415) Rowing donations $530 $500 $555 $500 Oar/Boat sales -- -- $7,3001 -- Total Income: $29,912 $28,500 $40,384 $29,750 2019 2020 2020 2021 Expenses: Actual BUDGET ACTUAL BUDGET Rent (2021@$1,868/month) $21,420 $21,916 $21,912 $22,416 USRowing Org. Dues $1,750 $1,875 $1,875 $1,875 D & O Insurance $380 $380 $380 $380 Equipment Insurance $648 $700 $702 $702 P.O.Box $92 $92 $106 $106 Repairs/Parts/Other $509 $500 $1,075 $500 Covid supplies $0 - $243 $250 Boat Purchase $6,500 * $7,0002 * Oars $250 $0 $250 0 Incorp. Fees/Bank Fees $15 $40 $15 $40 Web Fees $158 $50 $ $50 Long Term Fund -- $2,500 $2,500 $2,500 Total Expenses $31,722 $28,053 $36,058 $28,819 1/1/20 12/31/20 Assets: Checking $10,332 $22,481 Long Term Fund $11,700 $7,200 Total Cash $22,032 $29,681 1 Sold Fluidesign double ($5,300 NCR), sold Vespoli double ($2,000 HR) 2 Purchase Fluidesign double Some information on the 2020 report and 2021 Budget: 2020 Membership- 37 full term memberships: $18,130 16 shorter term memberships: $4,655 (averaging $290) for a total of $22,785, well over the $19,000 budgeted for 2020. 2020 Rack rent- 19 full year rack rents $7,885 7 part-year rack rent $1,236.50 3 floor spots $622.50 for a total of $9,744. This too was over budget by $744. We have 7 racks with a capacity of 33 boats, heading into 2021 we have 8 club. boats, leaving 25 spaces for rent, and I believe they are all spoken for. We sold 2 doubles for a total of $7,300, and bought one for $7,000 Income for 2020: $40,384, Budgeted for 2021: $29,750 On the expense side our rent went up just over 2% ($42 to $1,868 per month), and another possible increase could be in our equipment insurance (I would like the equipment committee to look at club owned boats and re-evaluate their insured value, currently at $702 (on $26,000 boat values)). Expenses for 2020: $36,058, Budgeted for 2021: $28,819 We begin 2021 with $29,681 in our checking account ($22,481 in checking and $7,200 in the Long Term Fund). 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