District 16

Quarter 2, ending June 30, 2025 

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Attached are the Statement of Financial Activities for the three months ending on June 30,  2025, and the Statement of Financial Position depicting the financial condition of District 16 as  of June 30, 2025. 

For the quarter, revenues exceed expenditures by $4,673. YTD profit is now $4,550. Revenues  include sanction fees and the NABC surcharge, STaC games, and investment income. STaC  fees paid/due to D16 totaled $12,720 ($3,901 after deducting related expenses). Grass Roots revenue totaled $2,140 while Grass Roots expenses were $1,825. We earned $1,671 on our  investments this quarter, and $3,371 YTD. I will note here, for a later agenda item, that we  collect about $7,000 a year from the regional table fee of $1.40 (less than $500 of which is  from I/N regionals). 

Scorecard expenses exceeded revenues by $839 for the quarter and $1,864 YTD. Website  expenses totaled $1,056 for the quarter and $1,806 YTD. The lecture series totaled $500 for the  quarter, and $1,000 YTD. 

As of June 30, 2025, there was $6,580 in the Frost Bank checking account, and $159,733 in an  interest-bearing Vanguard account, for a total of $166,314. We also have accounts receivable of  $8,528 ($6,683 of STAC revenue, $508 for sanction fees, and $1,337 for uncollected STAC fees  from prior years. These balances include funds that are committed to the Grass Roots Fund  ($24,222), and to future NABCs ($20,500). They also include Accounts Payable of $4,859 ($4,633 of which is for STaC sanction fees due to ACBL). 

Based on the Board’s commitment of $25,000 to the Dallas NABC in 2027, I reduced our  Unrestricted Net Assets and increased Board Restricted Net Assets for Future NABCs by  $11,869. This amount, plus the existing balance and projected collections between now and the  end of 2026 should total $25,000. This means that of the $176,847 in total assets, $122,717 is  still uncommitted.  

As evidenced by these financial statements, the District remains in a strong financial position  and is in good standing to continue its mission.