I wanted to update everyone on the club’s financial situation.
First, a big thank you to everyone that has paid their membership dues! We have 17 official members of the club. Thirteen are full-membership (right to vote on club business) and four are student/senior memberships.
Since starting the club we’ve had two one-day tournaments that have generated $900 in tournament entry fees. We’ve paid out $625 in prizes! We joined the USCF and FCA as affiliates.
Things are looking bright for the future of Tallahassee Chess Club.
All of these means that we will be able to host a USCF rated tournament in May and guarantee prizes that should attract some strong players to Tallahassee.
Following is our Revenue & Expense statement as of February 1, 2011:
Tallahassee Chess Club Revenue & Expenses as of February 1, 2011 REVENUE Membership Dues $ 365.00 Capital City Championship 360.00 Mark Peach Memorial 540.00 TOTAL REVENUE $ 1,265.00 EXPENSES Capital City Championship $ 240.00 Mark Peach Memorial 385.00 Bank Charges 32.69 USCF Affiliate Dues 40.00 FCA Affiliate Dues 30.00 TOTAL EXPENSES $ 727.69 NET INCOME/(EXPENSE) $ 537.31
