Treasury
Reading the Financial Data
Weekly Envelopes - Shows each bowlers payments and balance due for each week.
Income Statement - Shows income and expenses as a running log for the year assuming we started with an initial balance of zero. Each week all income from the bowlers and expenses are recorded.
Balance Sheet - Shows the expected Accounts Receivable (money coming in), the Accounts Payable (money going out) for the entire year, and the net of those two amounts.
Bank Statements - shows the activity and balance in the leagues bank account as of the latest monthly statement.
The Income Statement balance should be very close to the Latest Bank Statement. The only difference would be the initial account balance at the begining of the year and a check that may not have cleared yet.
Prize Money boxes for each Bowler explained
Your Name - Shows the name of the Bowler.
Team/Player - Shows your team number and your player number on your team 1,2,3 or 4
Fall Team Award - Shows the amount of money you won individually for the Fall
Spring Team Award - Shows the amount of money you won individuall for the Spring
Fall Individual Award - Shows the amount of money you won individually for the Fall
Spring Individual Award - Shows the amount of money you won individually for the Spring
Full Year Individual Award - Shows the amount of money you won individuall for the overall year
Excess payout - Since we can not estimate the total expenses (racetrack, new software, etc.) for the year, there will be excess money leftover. Each year the excess money is divided by the number of bowlers is paid to each bowler. If at the end of that final week, if a bowler has balance due or owed, that amount is added or subtracted from the excess payment. Some bowlers are owed $10 because they paid in full but had a sub pay $10 on the final week.
Overall financing of the league explained
For the 2024-2025 Super Tuesday Mixed, each team 1- 8 has 4 bowlers 1-4.
Each week the total money collected is totaled up and deposited in the league bank account at
OceanFirst Bank, 442 NJ-35, Red Bank, NJ.
The week by week data is recorded in Excel and the pdf's are availabe here.
The Weekly Payments show players payments and balances for all weeks.
The Bank Activity show the weekly deposits, expenses and extimated bank balance.
For the 2024-2025 season, the linage is $15.50/week per bowler. That is, Strathmore charges us $15.50/bowler/night.
For the first four weeks we had 31 bowlers so we were charged for 31 bowlers for the entire season
even thought we added a 32nd bowler in week 5. So we paid 31* $15.50 = $480.50 each week.
We expect to
Collect ($25) * (32 bowlers) * (32 weeks) - $100 = $25,500 and
Pay ($15.50) * (31 bowlers) * (32 weeks) = $15,376
So we expect to have $25,500 - $15,376 = 10,124 left for all other expenses and prize money.
Treasury
Reading the Financial Data
Weekly Envelopes - Shows each bowlers payments and balance due for each week.
Income Statement - Shows income and expenses as a running log for the year assuming we started with an initial balance of zero. Each week all income from the bowlers and expenses are recorded.
Balance Sheet - Shows the expected Accounts Receivable (money coming in), the Accounts Payable (money going out) for the entire year, and the net of those two amounts.
Bank Statements - shows the activity and balance in the leagues bank account as of the latest monthly statement.
The Income Statement balance should be very close to the Latest Bank Statement. The only difference would be the initial account balance at the begining of the year and a check that may not have cleared yet.
Prize Money boxes for each Bowler explained
Your Name - Shows the name of the Bowler.
Team/Player - Shows your team number and your player number on your team 1,2,3 or 4
Fall Team Award - Shows the amount of money you won individually for the Fall
Spring Team Award - Shows the amount of money you won individuall for the Spring
Fall Individual Award - Shows the amount of money you won individually for the Fall
Spring Individual Award - Shows the amount of money you won individually for the Spring
Full Year Individual Award - Shows the amount of money you won individuall for the overall year
Excess payout - Since we can not estimate the total expenses (racetrack, new software, etc.) for the year, there will be excess money leftover. Each year the excess money is divided by the number of bowlers is paid to each bowler. If at the end of that final week, if a bowler has balance due or owed, that amount is added or subtracted from the excess payment. Some bowlers are owed $10 because they paid in full but had a sub pay $10 on the final week.
Overall financing of the league explained
For the 2024-2025 Super Tuesday Mixed, each team 1- 8 has 4 bowlers 1-4.
Each week the total money collected is totaled up and deposited in the league bank account at
OceanFirst Bank, 442 NJ-35, Red Bank, NJ.
The week by week data is recorded in Excel and the pdf's are availabe here.
The Weekly Payments show players payments and balances for all weeks.
The Bank Activity show the weekly deposits, expenses and extimated bank balance.
For the 2024-2025 season, the linage is $15.50/week per bowler. That is, Strathmore charges us $15.50/bowler/night.
For the first four weeks we had 31 bowlers so we were charged for 31 bowlers for the entire season
even thought we added a 32nd bowler in week 5. So we paid 31* $15.50 = $480.50 each week.
We expect to
Collect ($25) * (32 bowlers) * (32 weeks) - $100 = $25,500 and
Pay ($15.50) * (31 bowlers) * (32 weeks) = $15,376
So we expect to have $25,500 - $15,376 = 10,124 left for all other expenses and prize money.