Update on Club Finances

Published On: June 26th, 20200 Comments on Update on Club Finances

Here is an update from Carol Schmitz.

It is now 3-1/2 months since we were all able to play bridge face to face.  I was just getting to know everyone!!  How times have changed – and will remain changed for some time to come.

As the newest member of EBC and the Unit 479 Board, I can’t tell you how impressed I am with how everyone has rallied to save this club with your donations.  I know Don and Sherri have expressed their appreciation for everything everyone has done to keep this club alive – and now to keep us playing online on BBO.

As Treasurer of the Unit, I wanted to give everyone an update on where we stand with regard to donations and expenditures toward this effort. I have received checks for the “save bridge” fund in the amount of $8,700.60 as of last week.   I reimbursed EBC for operating expenses of $1,068.59 for April and $1,035.60 for May.

EBC said they made enough money from online games for June that they were able to cover their overhead expenses with an excess of $576.  This is great news for them and for the general membership.

Bottom line is we have a “rainy day” fund of $6,596.41 from your generous donations.

Let me know if you have any questions or comments,

Carole Schmitz
Treasurer Unit 479

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