Treasurer’s Report – 2nd Quarter 2022

In ALDA Archives Newsletter by ALDA News


by Joe Linder

For the second quarter of 2022, most of the activity was tied to registration for the 2022 ALDAcon in San Diego. Through the end of the second quarter, we had 81 fully paid registrations, six confirmed roll-over registrants, and 19 registrants signed up under EZ Pay plan still reflecting outstanding balances. Total registration revenues in the second quarter approximated $9,125 which was offset by $1,450 in refunds due to either cancellations or duplicate entries. Revenue from sponsorships totaled $13,300 in the second quarter. ALDAcon donations totaled $395 with another $3,700 donations made toward ALDA Inc. in the 2nd quarter. Membership dues collected from 41 renewing and new members totaled $1,500. Overall, $26,633 was collected in the second quarter of 2022.

Expenses in the second quarter of 2022 were relatively controlled with less than $1,500 spent during the second quarter. Bank card processing fees approximated $350 while board meeting expenses totaled $851, including $531 due from board meetings held in the summer of 2021. Generally, income exceeded expenses until around the time of the annual conference at which time expenses from the conference came due. Regarding collection of the $4,500 bad debt recognized in the first quarter of 2022, as cyberspace authorities deemed collection as extremely unlikely, ALDA will cease additional collection efforts on this amount.

Through the first half of 2022, income exceeded expenses by $34,438 and allowed for an increase in the bank balances from $132,421 at year end to $141,752 at the end of the first quarter and to $166,946 at the end of the second quarter. Due to change in treasurer position at the beginning of the year and to simplify treasurer duties, one checking account was closed and funds transferred to a national bank with whom ALDA Inc. had an existing checking account. The ALDAcon 2022 account increased from $652 at year end to $16,691 at the end of the first quarter and to $38,428 at the end of the second quarter. There were no changes in the designated funds balances or for the ALDAcon 2023 account.