1. House of Delegates May 22, 2010 Treasurer Report Financial Review Fred Vogelgesang, Treasurer

2. Financial Report – 4/30/2010 Excludes Zones Profit & Loss Statement 1/1/08 to 12/31/2008 1/1/09 to 12/31/2009 1/1/10 to 4/30/2010 Total income:$1,487,082$1,537,482 $293,334 Total Expense:$1,522,790$1,469,695 $256,730 Net Ordinary Income:-$35,708$67,787 $36,605 Other Income:-$376,186$324,540 $78,099 Net Income:-$411,894$392,326$114,704

3. Financial Report – 4/30/2010 Excludes Zones Balance Sheet12/31/200812/31/20094/30/2010 Cash On Hand$0$7,777 1- Business Checking$6,766$8,742$5,285 3- Business Savings$247,980$364,544$203,559 Total Current Assets:$254,746$381,063$208,844 10- Investment Wells$1,258,319$1,582,858$1,660,957 Total Assets:$1,513,065$1,963,921$1,869,801 USA S Liability$173,205$231,735$22,912 Total Equity:$1,513065$1,732,186$1,846,889

4. 4 2010 Budget Sources of Income $ 1,130,840 – Membership Fees* * $ 242,728 net of pass through $ 304,100 – Meet Fees $ 61,320 – Co-Pays $ 600 – Interest $ 14,350 – Other Sources $ 1,511,210.00 – Total Income** **$ 623,098 net of pass through

5. 5 2010 Budget Spending Categories $ 888,112 – USA Swim Pass Through $ 115,909 – Administrative $ 218,205 – Age Group (All-Star & Camps) $ 178,175 – Senior (Meets, Travel & Camp) $ 70,102 – Volunteer Management $ 63,800 – Other Programs (Diversity, OW & Others) $ 35,000 – Zones (All-Star Meet) $1,566,291 – Total Budget Spend* * $ 678,179 net of pass through

6. 6 Administrative Expenses Expense Line Items  Includes Telephone, Postage, Supplies  Computer Repair & Maintenance  Swim Guide, Rule Books  Treasurer Fees, Insurance, Web & Church Donation  Pacific Swimming Office Contractor  Computer Services for Registration & Membership Spending History  2007 Actual - $ 52,892  2008 Actual - $110,893  2009 Actual - $56,773  2010 Budget - $115,909

7. 7 Age Group Swimming 2009 Program Results  4 camps – 160 swimmers, 3 All-Star Meets – 240 swimmers  Local competition – 56,577 swimmers in 298,333 swims, 5,577 relays at 101 meets Spending History  2007 Actual - $166,734  2008 Actual - $267,125  2009 Actual - $378,304  2010 Budget - $218,205

8. 8 Senior Swimming 2009 Program Results  Travel assistance to 6 national meets for 186 swimmers  Local competition for 5,450 swimmers in 27,392 swims, 261 relays at 13 meets  Subsidized 10 Jr-Sr Meets Spending History  2007 Actual - $134,301  2008 Actual - $207,740  2009 Actual - $159,034  2010 Budget – $178,175

9. 9 Volunteer Management 2009 Program Results  Supervision of 120 clubs, 19,663 athletes, 1,234 non- athlete members, Sanctioning of 175 events  Recruit, train, retain officials and volunteers  Manage performance statistics for swims, Pacific individual, relay & all-star records  Manage membership records, etc. Spending History  2007 Actual - $30,626  2008 Actual - $53,080  2009 Actual - $80,291  2010 Budget - $70,102

10. 10 Other Programs 2009 Program Results  Granted money to 5 Diversity Programs  2009 – Adaptive Swimming Budget Approved Spending History  2007 Actual - $15,000  2008 Actual - $26,250  2009 Actual - $22,337  2010 Budget - $63,850

11. 11 Zone Management 2009 Program Results  Operate 5 geographic zones  Recruit, train & retain meet officials  Sanction and manage zone meets  Sponsor zone and league championships  Conduct Zone All-Star Competition Spending History  2007 Actual - $33,952  2008 Actual - $36,000  2009 Actual - $32,893  2010 Budget – $35,000

12. Financial Actions Update Excludes Zones 1.Institute Multi-year Strategic Planning & Budgeting Process 2.Optimize operational, retained, investment and/or endowment funds 3.Organize the treasurer, finance and audit offices and responsibilities 4.Re-engineer the administrative processes and offices

13. 13 Budget – Decisions for 2011? Influence Income  Analyze Membership Fees – Non-Athletes, Clubs, Organizations Determine PC Adder for 2011-2012  Effective 9/1/2011  Evaluate Meet entry fees including $5.00 Participation Fee Cost to rent meet facilities increasing & under pressures. Differentiate LC vs. SC fee structure? Evaluate & Benchmark against other LSC for similar meets

14. 14 Budget – Decisions for 2011? Prioritize Major Program Funding  Evaluate Non-Athlete Expenses Administrative, Volunteer & Zone All-Star Meet Clinics, HOD Meetings, Convention & Officials Travel  Age Group Swimming Determine All-Star Meet priorities and analyze overall expenses of trips.  Senior Swimming Evaluate the number of meets that each athlete can receive assistance and/or adjust the amount of adder per meet provided. Determine senior meet subsidy strategy.  New Program Strategies Open Water & Adaptive objectives Club Development Needs! Coach Development Needs

15. 15 Budget – Decisions for 2011? Initiate 2011 – 2014 Budget Process  Schedule – Multiple Year Planning – Evaluation & vetting – Approval Criteria

16. Finally – 2010 Wrap-Up Are the budgeted programs for 2010?  Planned  Implemented  On Track Are there new 2010 Programs needs?  How can we direct financial resources for immediate benefits?