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FINANCIAL PLANNING

This financial planning document outlines the key financial figures for the years 2011-2012 and 2012-2013. The total surplus for 2011-2012 stands at $227,508, factoring in discretionary spending of $157,838. Additionally, we highlight the operational surplus, CAP expenditures, and the impact of the Consumer Price Index (CPI) on financial strategies. A thorough calculation of discretionary spending for the upcoming year is presented, showing a focus on both maintaining a balanced budget and supporting ongoing operational health, particularly within the Curling Assistance Program (CAP).

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FINANCIAL PLANNING

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  1. FINANCIAL PLANNING 2012 - 2013

  2. FINANCIAL PLANNING 2012 - 2013 2011 – 2012 SURPLUS $227,508 2012 – 2013 DISCRETIONARY SPENDING $ 157,838 2011 – 2012 LONG TERM RESERVE $ 44,161$201,999 (NOTE. CONSUMER PRICE INDEX (CPI) AS OF MARCH 31 IS 1.9%) REMAINING 2011 – 2012 surplus $ 25,509

  3. FINANCIAL PLANNING 2012-2013 CALCULATION OF DISCRETIONARY SPENDING 2012-2013 CCA Surplus for the year ending April 30, 2012 $227,508 Plus: CAP Expenditures Paid as at April 30, 2012 233,418 Plus: Discretionary Spending in 2011-2012 199,803 Less: 2011-2012 Championship Revenue (consolidated net profit) ( 29,377) CCA Operational Surplus for the year ending April 30, 2012 $631,352 Discretionary Spending (whichever of the following is less) 2% of 2011-2012 Revenue ($10,224,200 x 2% = $204,484) OR 25% of 2011-2012 Operational Surplus ($631,352 x 25% = $157,838) Discretionary Spending for 2012-2013 $ 157,838

  4. FINANCIAL PLANNING 2012-2013 CURLING ASSISTANCE PROGRAM (CAP) 2011 – 2012 CAP $162,626 REMAINING 2011 – 2012 SURPLUS 25,509 ACCUMULATED SURPLUS 61,865 TOTAL CAP 2012 – 2013 $250,000

  5. FINANCIAL PLANNING

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