Treasurer’s Report – 1st Quarter 2022

In ALDA Archives Newsletter, Treasurer's Report by ALDA News

by Joe Linder, Treasurer

moneyFor the first quarter of 2022, most of the activity was tied to registration for the 2022 ALDAcon in San Diego. We had 69 people sign up under the Holiday special that expired on March 17 plus one person that signed up under the Early Bird special. Total registration revenues were $14,990 which was offset by $621 in bank card processing fees. Another $1,700 was collected through ALDAcon donations and sponsorships. Another sizable activity in the first quarter of 2022 was through end of the year donations and in memory of Camille Debevetz who passed away in January. This resulted in a total of $4,195 for the first quarter. Membership dues collected from 76 renewing and new members totaled $2,480. Overall, $24,268 was collected in the first quarter of 2022. 

Expenses in the first quarter of 2022 totaled $14,988 with two sizable expenses during the quarter. A $8,750 deposit was made toward reserving the hotel for the 2023 ALDAcon. The other sizable expense was for a $4,535 bank wire transfer and was reclassified from the ALDAcon budget to bad debt against ALDA’s operating account since the possibility of recapturing these funds appears unlikely and such loss is not covered by existing insurance policies.

Throughout the first quarter of 2022, income exceeded expenses by $9,281 and allowed for an increase in the bank balances from $132,421 to $141,752.  The ALDAcon 2022 account increased from $652 to $16,691 while the ALDAcon 2023 expense increased from $680 to $9,430.  The ALDAcon 2022 budget was increased from $71,000 to $73,000 to reflect a motion passed in January to increase the program/speaker fee from $4,000 to $6,000.  Other than a $50 donation to the Ray of Sunshine fund, there were no changes in the designated funds balances.