2010 Budget
A page explaining the 2010 club budget
The Board of Directors approved a new budget for the Davis Bike Club at their January meeting. The approved budget is presented below for the member’s information. Column one is the Actual expenses for 2009. We had budgeted for a negative cash flow situation in 2009, but actually came out in the black by $19,253. This was due to the success of the GRR, the Foxy Fall ride and the Double Century. Each produced a much higher net income than projected.
The budget for 2010 (second column) projects a deficit of $42,205. Although this seems high, it was approved as the club can easily cover the deficit by its net worth of $127,430. The budget allows the DBC to support major community projects in 2010 such as the City of Davis AMGEN hosting, maintenance of the American River Bike trail, the Steve Larsen Bike Parking area at the new DHS stadium, and other bike related local projects. A new expense category has been added for these projects, called “Special Community Projects”. These funds can be spent only after Board approval of each individual project. Thus, it is possible that only a portion of these funds will actually be spent in 2010.
Our major fundraising activities continue to be the Davis Double Century and Foxy Fall’s October ride. The largest expense categories are to support of the Race Team (including the Jr. Racers) and Touring. Touring may decrease depending on the tours that actually run. Administration and Philanthropy are two other large categories.
If you have questions on the new budget or any other financial items, please contact the club treasurer, Marnelle Gleason. You can download an Excel file of the 2010 budget here.
DAVIS BIKE CLUB BUDGET FOR 2010
INCOME |
ACTUAL 2009 |
BUDGET 2010 |
| DBC Clothing |
$5,445
|
$5,000
|
| Double Century |
81,284
|
65,000
|
| Dunlap TT |
7,300
|
7,000
|
| Foxy Fall Ride |
79,299
|
61,000
|
| Interest |
2,830
|
2,500
|
| March Madness |
9,035
|
8,000
|
| Membership |
10,900
|
7,000
|
| Race Team |
45,164
|
43,357
|
| (Critierium Income) |
19,413
|
(included)
|
| Touring |
9,230
|
103,200
|
| Ultra/Brevets |
53,578
|
20,000
|
| Other Income |
55
|
100
|
|
|
|
|
| TOTAL INCOME |
$323,533
|
$322,157
|
EXPENSES |
ACTUAL 2009 |
BUDGET 2010 |
| Administration, Mtgs.(Holiday Party) |
$7,498
|
$7,500
|
| Advocacy |
2,450
|
3,500
|
| DBC Clothing |
4,004
|
5,000
|
| Double Century |
66,359
|
60,000
|
| Dunlap TT |
4,900
|
5,000
|
| Foxy Fall Ride |
54,041
|
45,000
|
| Insurance |
1,596
|
2,000
|
| March Madness |
9,562
|
10,000
|
| Newsletter |
2,673
|
3,000
|
| Philanthropy |
6,314
|
6,000
|
| Race Team |
67,674
|
45,157
|
| Critierium |
17,310
|
16,000
|
| Tax Preparation |
650
|
700
|
| Jersey Ride Reimbursements |
1,000
|
1,000
|
| Touring |
16,274
|
124,480
|
| Ultra/Brevets |
41,965
|
20,000
|
| Special Community Projects |
0
|
10,000
|
| Other Expenses |
10
|
25
|
|
|
|
|
| TOTAL INCOME |
$304,280
|
$364,362
|
|
|
|
|
| Differences |
|
$19,253 ($42,205)
|
