FINANCIAL PLANNING

2012 - 2013

FINANCIAL PLANNING 2012 - 2013

2011 – 2012 SURPLUS $227,508

2012 – 2013 DISCRETIONARY SPENDING $ 157,838

2011 – 2012 LONG TERM RESERVE $ 44,161 $201,999

(NOTE. CONSUMER PRICE INDEX (CPI) AS OF MARCH 31 IS 1.9%)

REMAINING 2011 – 2012 surplus $ 25,509

FINANCIAL PLANNING 2012-2013

CALCULATION OF DISCRETIONARY SPENDING 2012-2013CCA Surplus for the year ending April 30, 2012 $227,508Plus: CAP Expenditures Paid as at April 30, 2012 233,418Plus: Discretionary Spending in 2011-2012 199,803Less: 2011-2012 Championship Revenue (consolidated net profit) ( 29,377)CCA Operational Surplus for the year ending April 30, 2012 $631,352

Discretionary Spending (whichever of the following is less)2% of 2011-2012 Revenue ($10,224,200 x 2% = $204,484) OR25% of 2011-2012 Operational Surplus ($631,352 x 25% = $157,838)

Discretionary Spending for 2012-2013 $ 157,838

FINANCIAL PLANNING 2012-2013

CURLING ASSISTANCE PROGRAM (CAP)

2011 – 2012 CAP $162,626

REMAINING 2011 – 2012 SURPLUS 25,509

ACCUMULATED SURPLUS 61,865

TOTAL CAP 2012 – 2013 $250,000

FINANCIAL PLANNING