By Tom Parker
Please click on this link to view our Chapter’s Balance Sheet as of March 31, 2021 & 2020, the Statement of Activity for the fiscal year ended March 31, 2021 and the fiscal year 2022 Operating Budget.
The Chapter experienced a very unusual year in F/Y 2021 in terms of our financial results. The COVID-19 pandemic forced us to cancel our two major fundraising events; the Ice Breaker and the Meicher Auction, as well as the Women’s Clinics. As a result, our revenues were down $35,240 as compared to prior year. On a positive note, however, we did receive some very generous donations from individuals, company partners and foundations resulting in total Chapter income of $23,793. Expenses were also down for the year due to the pandemic at $36,923 resulting in a net deficit of $13,130 which compares favorably to our budgeted deficit of $26,596.
Please note that for fiscal year 2022, we are budgeting a net deficit of $12,070. The main reason for this deficit is that we are planning to spend over $20,000 on Stream Improvement Projects to protect and restore trout streams in Southern Wisconsin and improve the fishing experience for anglers along these streams. We also fully anticipate that our fundraising events, outreach events and Women’s Clinics will resume in FY 2022.
Our Balance Sheet is stronger than ever with total assets of $152,765 and no liabilities. We had over $69,000 in cash on hand as of March 31, 2021 and $83,586 in our Endowment Fund. The Endowment Fund is now being managed by the Natural Resources Foundation of Wisconsin. Although the Fund took a hit during the depths of the pandemic, as did most investment portfolios, it has rebounded nicely. We are confident that the funds are being managed effectively and will generate positive growth over the long term.
If you have any questions about the F/Y 2021 financial results or the F/Y 2022 Budget, please feel free to contact me at Tparker23@charter.net.
Thank you for placing your trust and confidence in me as your Treasurer these past five years. It has been my pleasure to serve our Chapter in this role.
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Last Updated: May 19, 2021 by Drew Kasel
A Message From our Treasurer
By Tom Parker
Please click on this link to view our Chapter’s Balance Sheet as of March 31, 2021 & 2020, the Statement of Activity for the fiscal year ended March 31, 2021 and the fiscal year 2022 Operating Budget.
The Chapter experienced a very unusual year in F/Y 2021 in terms of our financial results. The COVID-19 pandemic forced us to cancel our two major fundraising events; the Ice Breaker and the Meicher Auction, as well as the Women’s Clinics. As a result, our revenues were down $35,240 as compared to prior year. On a positive note, however, we did receive some very generous donations from individuals, company partners and foundations resulting in total Chapter income of $23,793. Expenses were also down for the year due to the pandemic at $36,923 resulting in a net deficit of $13,130 which compares favorably to our budgeted deficit of $26,596.
Please note that for fiscal year 2022, we are budgeting a net deficit of $12,070. The main reason for this deficit is that we are planning to spend over $20,000 on Stream Improvement Projects to protect and restore trout streams in Southern Wisconsin and improve the fishing experience for anglers along these streams. We also fully anticipate that our fundraising events, outreach events and Women’s Clinics will resume in FY 2022.
Our Balance Sheet is stronger than ever with total assets of $152,765 and no liabilities. We had over $69,000 in cash on hand as of March 31, 2021 and $83,586 in our Endowment Fund. The Endowment Fund is now being managed by the Natural Resources Foundation of Wisconsin. Although the Fund took a hit during the depths of the pandemic, as did most investment portfolios, it has rebounded nicely. We are confident that the funds are being managed effectively and will generate positive growth over the long term.
If you have any questions about the F/Y 2021 financial results or the F/Y 2022 Budget, please feel free to contact me at Tparker23@charter.net.
Thank you for placing your trust and confidence in me as your Treasurer these past five years. It has been my pleasure to serve our Chapter in this role.
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