Paragraph 5.6 of the Club Constitution requires an annual financial report: “present a written, detailed and complete annual financial statement of all Club activities for the prior calendar year no later than the March meeting.” This report fulfills that requirement.
Bank Balances
|
|
January 1
|
December 31
|
Change
|
|
Checking
|
$ 7277.90
|
$ 6980.22
|
$ 297.68
|
|
CD
|
$ 22190.80
|
$ 20609.85
|
$ 1580.95
|
|
Total
|
$ 29468.70
|
|
$ 1878.63
|
2024 Income versus Expenses - Does Not Include Interest on CD
|
INCOME
|
|
|
HCC Member Dues
|
$ 2,700.00
|
|
TOTAL INCOME
|
$ 2,700.00
|
|
|
|
EXPENSES
|
|
|
60th Anniversary Celebration
|
$3,206.97
|
|
Web Site Fees
|
$679.28
|
|
Insurance
|
$503.00
|
|
Software
|
$357.25
|
|
Misc.
|
$270.63
|
|
Office - Postage - PO Box
|
$216.00
|
|
Credit Card Processing Fees
|
$110.10
|
|
Donations and Contributions
|
$100.00
|
|
HCC Event Expense
|
$37.03
|
|
HCC Speaker Dinner
|
$9.73
|
|
Corporate Filings
|
$5.00
|
|
HCC Speaker Gift
|
0.0
|
|
TOTAL EXPENSES
|
$5,494.99
|
|
|
|
OVERALL TOTAL
|
-$2,794.99
|
Year to Year Comparison
|
Category
|
2021
|
2022
|
2023
|
2024
|
|
INCOME
|
|
|
|
|
|
HCC Member Dues
|
$ 3,000.00
|
$ 3,025.00
|
$ 2,750.00
|
$ 2,700.00
|
|
Other Inc
|
$ -
|
$ 895.00
|
$ -
|
|
|
TOTAL INCOME
|
$ 3,000.00
|
$ 3,920.00
|
$ 2,750.00
|
$ 2,700.00
|
|
|
|
|
|
|
EXPENSES
|
|
|
|
|
|
Sixtieth Anniversary
|
|
|
|
$3,206.97
|
|
Corporate Filings
|
$ -
|
$ 5.00
|
$ 5.00
|
$ 5.00
|
|
Credit Card Processing Fees
|
$ 111.57
|
$ 110.76
|
$ 102.66
|
$ 110.10
|
|
Donations and Contributions
|
$ 100.00
|
$ 100.00
|
$ 100.00
|
$ 100.00
|
|
HCC Event Expense
|
$ 185.07
|
$ 586.02
|
$ 668.77
|
$ 37.03
|
|
HCC Meeting Expense - Hardware
|
$ 1,442.92
|
$ 45.77
|
$ -
|
$ -
|
|
HCC Speaker Dinner
|
$ -
|
$ -
|
$ 76.32
|
$ 9.73
|
|
HCC Speaker Gift
|
$ 138.70
|
$ 126.20
|
$ 181.92
|
$ 0.0
|
|
Insurance
|
$ 175.00
|
$ 95.95
|
$ 590.00
|
$ 503.00
|
|
Misc.
|
$ -
|
$ -
|
$ 295.53
|
$ 270.63
|
|
Office - Postage - PO Box
|
$ 277.28
|
$ 236.00
|
$ 210.00
|
$ 216.00
|
|
One Hundred Miler Awards
|
$ 193.90
|
$ -
|
$ -
|
$ -
|
|
Software
|
$ 234.36
|
$ 634.21
|
$ 231.76
|
$ 231.76
|
|
tee shirt sales
|
$ -
|
$ 937.78
|
$ -
|
$ -
|
|
Web Site Fees
|
$ 637.84
|
$ 575.18
|
$ 703.13
|
$ 679.28
|
|
TOTAL EXPENSES
|
$ 3,496.64
|
$ 3,452.87
|
$ 3,165.09
|
$ 5494.99
|
|
|
|
|
|
|
OVERALL TOTAL
|
$ -496.64
|
$467.13
|
$ -415.09
|
-$2,794.99
|
Commentary and Observations
The club incurred a large one-time expense to stage the Sixtieth Anniversary celebration. The club funded the celebration partially from a withdrawal from the Club’s CD and partly from operating funds.
The club’s largest on-going expense is maintenance of our website closely followed by spending on insurance. Inflation costs this year.
Excepting the Sixtieth Anniversary spending, income from membership dues exceeded expenses by $ 411.98 in 2024.
The club remains financially sound. We hold more than two years expenses in our checking account as we begin the year.
Respectfully submitted.
Bob Naeger
Purser 2024