District 16

District 16 ACBL Treasurer’s Report 

Quarter 1, March 31, 2025

By Jamie Southerland

District 16 Executive Treasurer

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AAttached are the Statement of Financial Activities for the three months ending on March 31, 2025, and the Statement of Financial Position depicting the financial condition of District 16 as of March 31, 2025.

 

We essentially broke even for Q1, with a $223 loss.

 

Revenues include the Lone Star Regional and Regional at Sea sanction fees, the NABC surcharge, as well as the NAP finals held in January. NAP entry fees due totaled $4,032, less $1,826 of tournament expenses and $2,900 of stipends, for a net loss of $2,659. We also earned $1,700 in interest income, and $550 in Scorecard revenue.

 

Expenses include Scorecard Contractor costs of $1,500, Website Contractor fee of $750, Lecture Series fees of $600, District Breakfast expense of $1,058, awards of $600, and other minor expenses.

 

As of March 31, 2025, there was $3,541 in the Frost Bank checking account, and an additional $163,063 in an interest-bearing Vanguard account, for a total of $166,604. We also have accounts receivable of $1,337, and accounts payable of $726. These balances include funds that are committed to the Grass Roots Fund ($23,906), and to future NABCs ($7,227).

 

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

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