CMU Fishing Club Budget

FY2014 (July 1, 2013 - June 30, 2014)

CMU Fishing Club exists to encourage the camaraderie, sportsmanship, integrity, conservation, and development of the skills and knowledge needed for students to become successful anglers. We participate in both local outings, as well as collegiate level bass tournaments. Any interested members should email Paul Kimball at pkimball@andrew.cmu.edu.

JFC Rep: Sang Lee (sanghoo1)

Summary

Requested
Expenditures $2,080.00
Capital $6,000.00
Revenue ($700.00)
Final $1,380.00
Recommended
Expenditures $2,080.00
Capital $0.00
Revenue ($1,110.00)
Final $970.00
Final
Expenditures $2,080.00
Capital $0.00
Revenue ($1,110.00)
Debt ($179.84)
Rollover ($0.00)
Total Subsidy $970.00
FY14 Starting Balance $790.16

Debt/Rollover Explanation:

Gift covers debt.

Income and Revenue

Object Code Requested Recommended Final Description
Revenue-Membership Dues (-) $200.00 $200.00 $200.00

Members are not required to pay dues to the club directly, but competitive members are asked to purchase their own FLW Tournament Memberships at $30/piece and subsidize as much of their own fishing licenses as possible (minimum $30 for a $50 license)

Revenue-Donations/Other Income (-) $100.00 $100.00 $100.00

Equipment donations from our sponsor, Fenwick, towards fishing poles.

Revenue-Donations/Other Income (-) $300.00 $300.00 $300.00

Our fishing trip to Lake Erie will largely be funded by donations from a member, who lets us borrow his fishing area and equipment in upstate PA. The trip would have cost at least $300 if not for the donations.

Revenue-Membership Dues (-) $100.00 $100.00 $100.00

All members are asked to pay for their own meals during tournaments.

Sub-Total -$700.00 -$700.00 -$700.00

Annual Fishing Trip

Object Code Requested Recommended Final Description
Food-Meals for Members (+) $50.00 $50.00 $50.00

Meals and snacks for fishing trip to Lake Erie. We will also pack bagged lunches to save money.

Travel-Hotel and Lodging (+) $300.00 $300.00 $300.00

This cost is covered by donation (see Revenue section)

Revenue-Donations/Other Income (-) $0.00 $50.00 $50.00

The JFC will fund $100 per semester for food for rush/recruitment, $2 per person per semester for meeting food, $200 per semester for food at events, and will not fund personal meals.

Sub-Total $350.00 $300.00 $300.00

Tournaments

Object Code Requested Recommended Final Description
Travel-Gas (+) $100.00 $100.00 $100.00

4 tournaments throughout the Northeast, for a total gas bill of $200--tournaments range from AL to upstate NY. ($100 is half of the gas used)

Ops-Rental Equipment (+) $400.00 $400.00 $400.00

We are required to rent a boat for our tournament in the Boat US Series. This rental is for 3 days at $130/day plus gas. This cost would be negated if our capital expense request is met.

Travel-Hotel and Lodging (+) $300.00 $300.00 $300.00

total of 5 nights in a hotel (1 night each for three tournaments and 2 nights for another) at $60/night

Food-Meals for Members (+) $100.00 $100.00 $100.00

Paid for by members--See revenue section.

Sub-Total $900.00 $900.00 $900.00

Fishing Jerseys

Object Code Requested Recommended Final Description
Equip-Uniforms (+) $480.00 $480.00 $480.00

Our club has come across the need to get jerseys for fishing in college tournaments. With 6 current competitive tournament members and jersey costs at $80/jersey, we anticipate this to cost around $480. In the future, additional members (over the current 6) will be subsidized for their own new jerseys as the need arises, but will be asked to pay for a portion themselves.

The JFC only subsidizes 25% of uniform costs.

Revenue-Donations/Other Income (-) $0.00 $360.00 $360.00

The JFC only subsidizes 25% of uniform costs.

Sub-Total $480.00 $120.00 $120.00

Equipment

Object Code Requested Recommended Final Description
Equip-Non-Capital Equipment (+) $200.00 $200.00 $200.00

This is to cover reels and poles, which are being purchased at a discount. However, $100 of this is already covered by the Fenwick sponsorship, so we are only asking for $100 for reels.

Equip-Non-Capital Equipment (+) $150.00 $150.00 $150.00

Various baits, line, lures, etc. that must be replaced on a yearly basis.

Sub-Total $350.00 $350.00 $350.00

Capital Equipment

Object Code Requested Recommended Final Description
Capital Expense Fund (+) $6,000.00 $0.00 $0.00

This money is a new, one-time expense for buying a small bass boat that our club would benefit from greatly. Right now, we have been limited to tournaments that do not require us to provide our own fishing boat, of which only 3-4 are held every year. This greatly limits our club's growth, as only two people may fish each tournament, and with only three tournaments/year, only 6 fishing opportunities exist (equal to the club's number of competitive anglers). Owning a boat would open us up to fishing around 10-15 local and national tournaments each year, and would allow us to expand the size of our competitive team greatly. Furthermore, the boat would be used on a weekly basis for local fishing trips in the nearby 3-rivers, and the club already has a place to store the boat (at the South Side Riverfront Park). Having the boat would therefore allow the 10 recreational members in the club to get out on the water more often and improve their skills while having fun. Most other college programs have a bass boat, and I feel that our club is lacking severely in this area. Plus, over time, the boat will save the club money, as we will not have to rent at tournaments that do require a boat (this has cost us $400 already this year, and will cost even more next). Finally, fishing 10-15 tournaments each year will bring in great money for the club and school alike, as we have a record of success at tournaments. Just two years ago, we came in second at an event, which won $2500 for the club and an additional $2500 for the school. If we are able to fish more events, we plan on winning at least once each year, which will bring us payouts of up to $5000 per tournament. And, for every dollar we win, Carnegie Mellon gets an additional dollar. Note: You may see that we bought a canoe this year, but this canoe is not in any way a substitute for a bass boat. We are unable to fish any tournaments in the canoe, and are limited to a very small portion of the river while using it, which can only be fished at certain points of the year. A powered boat would help us tremendously, and open us up to a whole new range of possibilities, while letting us grow our club and win money for ourselves and for the school.

We are open to this purchase if you can provide us a detailed plan of maintence, insurance, and all other logistical details related to the purchase. Please coordinate with the office of student activities in order to ensure all necessary parties are made aware and all provisions are met. Please appeal with this info if you want to proceed; appeal denied because info is still not fleshed out enough, but JFC is still in support of this purchase

Sub-Total $0.00 $0.00 $0.00

By Object Code

Object Code Requested Recommended Final Description
Capital Expense Fund (+) $6,000.00 $0.00 $0.00 This money is a new, one-time expense for buying a small bass boat that our club would benefit from greatly. Right now, we have been limited to tournaments that do not require us to provide our own fishing boat, of which only 3-4 are held every year. This greatly limits our club's growth, as only two people may fish each tournament, and with only three tournaments/year, only 6 fishing opportunities exist (equal to the club's number of competitive anglers). Owning a boat would open us up to fishing around 10-15 local and national tournaments each year, and would allow us to expand the size of our competitive team greatly. Furthermore, the boat would be used on a weekly basis for local fishing trips in the nearby 3-rivers, and the club already has a place to store the boat (at the South Side Riverfront Park). Having the boat would therefore allow the 10 recreational members in the club to get out on the water more often and improve their skills while having fun. Most other college programs have a bass boat, and I feel that our club is lacking severely in this area. Plus, over time, the boat will save the club money, as we will not have to rent at tournaments that do require a boat (this has cost us $400 already this year, and will cost even more next). Finally, fishing 10-15 tournaments each year will bring in great money for the club and school alike, as we have a record of success at tournaments. Just two years ago, we came in second at an event, which won $2500 for the club and an additional $2500 for the school. If we are able to fish more events, we plan on winning at least once each year, which will bring us payouts of up to $5000 per tournament. And, for every dollar we win, Carnegie Mellon gets an additional dollar. Note: You may see that we bought a canoe this year, but this canoe is not in any way a substitute for a bass boat. We are unable to fish any tournaments in the canoe, and are limited to a very small portion of the river while using it, which can only be fished at certain points of the year. A powered boat would help us tremendously, and open us up to a whole new range of possibilities, while letting us grow our club and win money for ourselves and for the school.
Equip-Non-Capital Equipment (+) $200.00 $200.00 $200.00 This is to cover reels and poles, which are being purchased at a discount. However, $100 of this is already covered by the Fenwick sponsorship, so we are only asking for $100 for reels.
Equip-Non-Capital Equipment (+) $150.00 $150.00 $150.00 Various baits, line, lures, etc. that must be replaced on a yearly basis.
Equip-Uniforms (+) $480.00 $480.00 $480.00 Our club has come across the need to get jerseys for fishing in college tournaments. With 6 current competitive tournament members and jersey costs at $80/jersey, we anticipate this to cost around $480. In the future, additional members (over the current 6) will be subsidized for their own new jerseys as the need arises, but will be asked to pay for a portion themselves.
Food-Meals for Members (+) $50.00 $50.00 $50.00 Meals and snacks for fishing trip to Lake Erie. We will also pack bagged lunches to save money.
Food-Meals for Members (+) $100.00 $100.00 $100.00 Paid for by members--See revenue section.
Ops-Rental Equipment (+) $400.00 $400.00 $400.00 We are required to rent a boat for our tournament in the Boat US Series. This rental is for 3 days at $130/day plus gas. This cost would be negated if our capital expense request is met.
Revenue-Donations/Other Income (-) $100.00 $100.00 $100.00 Equipment donations from our sponsor, Fenwick, towards fishing poles.
Revenue-Donations/Other Income (-) $300.00 $300.00 $300.00 Our fishing trip to Lake Erie will largely be funded by donations from a member, who lets us borrow his fishing area and equipment in upstate PA. The trip would have cost at least $300 if not for the donations.
Revenue-Donations/Other Income (-) $0.00 $50.00 $50.00
Revenue-Donations/Other Income (-) $0.00 $360.00 $360.00
Revenue-Membership Dues (-) $200.00 $200.00 $200.00 Members are not required to pay dues to the club directly, but competitive members are asked to purchase their own FLW Tournament Memberships at $30/piece and subsidize as much of their own fishing licenses as possible (minimum $30 for a $50 license)
Revenue-Membership Dues (-) $100.00 $100.00 $100.00 All members are asked to pay for their own meals during tournaments.
Travel-Gas (+) $100.00 $100.00 $100.00 4 tournaments throughout the Northeast, for a total gas bill of $200--tournaments range from AL to upstate NY. ($100 is half of the gas used)
Travel-Hotel and Lodging (+) $300.00 $300.00 $300.00 This cost is covered by donation (see Revenue section)
Travel-Hotel and Lodging (+) $300.00 $300.00 $300.00 total of 5 nights in a hotel (1 night each for three tournaments and 2 nights for another) at $60/night

By Ocode

Requested
Capital Expense Fund $6,000.00
Equip-Non-Capital Equipment $350.00
Equip-Uniforms $480.00
Food-Meals for Members $150.00
Ops-Rental Equipment $400.00
Revenue-Donations/Other Income $400.00
Revenue-Membership Dues $300.00
Travel-Gas $100.00
Travel-Hotel and Lodging $600.00
Recommended
Capital Expense Fund $0.00
Equip-Non-Capital Equipment $350.00
Equip-Uniforms $480.00
Food-Meals for Members $150.00
Ops-Rental Equipment $400.00
Revenue-Donations/Other Income $810.00
Revenue-Membership Dues $300.00
Travel-Gas $100.00
Travel-Hotel and Lodging $600.00
Final
Capital Expense Fund $0.00
Equip-Non-Capital Equipment $350.00
Equip-Uniforms $480.00
Food-Meals for Members $150.00
Ops-Rental Equipment $400.00
Revenue-Donations/Other Income $810.00
Revenue-Membership Dues $300.00
Travel-Gas $100.00
Travel-Hotel and Lodging $600.00

Summary

Requested
Expenditures $2,080.00
Capital $6,000.00
Revenue ($700.00)
Final $1,380.00
Recommended
Expenditures $2,080.00
Capital $0.00
Revenue ($1,110.00)
Final $970.00
Final
Expenditures $2,080.00
Capital $0.00
Revenue ($1,110.00)
Debt ($179.84)
Rollover ($0.00)
Total Subsidy $970.00
FY14 Starting Balance $790.16

Debt/Rollover Explanation:

Gift covers debt.