Youth Basketball in Franklin

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4th Accounting

                4th Annual Tournament Finances
                                (1/19/09)

All finances (expenses/revenue) will be explicitly updated in this  file. For any questions on any component please send an e-mail 
to franklinhoops@yahoo.com.   Following each tournament the Jimmy Fund forwards us a letter verifying our donation amount and this is  forwarded to all participants (parents) and volunteers. Any previous letter is on file should you wish to retain a copy.

         Player (Youth Participant) Revenue


                          (183 X ($25/Player)..................$4575

                              38 X ($15/Player)...............$570

                                                                Total: $5,145


            Expenses

                         Lease of Gyms (a)...........................$1005
                         Insurance (b)....................................$0
                         Shirts (c).........................................$2100
                         Equipment(d)....................................$0
                         Certificates & Trophies (e)................$175
                         Signage Material(f)..........................$0
                         Sponsor Mailing Expenses)(g)..........$75
                                                                                 
                                                         Total Expenses: $3,355
                                                                                 


            Jimmy Fund Donation Element


                Player Donation (See above).......................$1790

               Individual/Family Basket Sponsors..............$300 

              Anonymous.....................................................$600

             Corporate Shirt  Sponsors...............................$ 1300

             Corporate Basket Sponsors...........................$ 150
                        
                                                                                 
          Jimmy Fund Running Donation Total:   $ 4140
                                         


 (a)  In Nov 2008 a payment of $1530 was made to the Franklin 
Schools to reserve Horace Mann, Oak St, &  Sullivan for the day. The increased lease fee was based on a Restructuring of the Facility Use Fees across all Franklin School Gyms. This increase has impacted Rec, CYO, Metro and all sports that use School Gym Time off-hours. For this reason, the player registration fee needed to be increased from $20 to $25.  (Sullivan was not needed based on registrations received by the deadline of 12/17 so we canceled on 12/18 are being reimbursed $520 putting our expense down to $1005)


(b)  Since our tournament is a charitable function to benefit the            Jimmy Fund and our event is officially approved by Dana Farber, we 
are covered under a 5 million dollar umbrella insurance policy to    cover our liability requirement by the Franklin Schools...$0


(We receive a letter of coverage from Dana Farber for each school 
  and forward this to the superintendent's office prior to our 
  tournament.)


(c)  Pisano Design (Union St Franklin) is our vendor for shirts.  
      These shirts are $6 each which includes the front/back screens.)
     (We will need one for each player , one for each Student Volunteer  and the remainder will be given as thanks to our Corporate Basket & Shirt Sponsors.)   We have ordered a total of 350 shirts...$2100.
            
(d)      Whistles,  Lanyards, First Aid Kits, Ice Packs & Flip 
Scoreboards were all purchased for the 3rd Annual Tournament...$0
              


(e)  We have Certificates provided by the Jimmy Fund for the 
Division Team Winners as well as the individual Hotshot, 3-Point, 
and Foul Shot Champions in each Division.  We purchase trophies for  the 3 on 3 Champions at each level....$175 (AAA Trophies)


(f)  Many thanks to Sue Richardson for donating and making all the sponsor signs.  Individual/Family Sponsor Sign Expense  ($0)


(g)  Sponsor Adv Expenses:  On 12/27  75 packets were  sent to 
local businesses.   (Post Office Mailing Expense)....$75