4/18/2001	( A )	( B )	( C )
2001 USCF DELEGATE	Audited	Audited	8/2/00 Delegate	F/Y 2002
OPERATIONS DRAFT BUDGET #10	12 Months	12 Months	Approved	Proposed
FOR DISCUSSION PURPOSES ONLY	May 31, 1999	May 31, 2000	Budget	Budget
PRO-FORMA	Consolidated	Consolidated	Operations	Operations
STATEMENT OF REVENUES
MEMBERSHIPS	1,923,829	1,784,774	1,843,400	2,032,900
BOOKS & EQUIPMENT	3,427,575	3,000,787	3,000,800	2,250,000
ELECTRONIC SERVICES	33,167	24,082	29,000	40,000
MAGAZINE REVENUES	333,998	324,275	389,700	439,700
OTHER SERVICES	136,847	113,566	113,500	93,400
TOURNAMENTS	501,021	442,343	405,900	662,900
OTHER REVENUES	321,165	309,877	123,000	119,800
TOTAL REVENUES	6,677,602	5,999,704	5,905,300	5,638,700
STATEMENT OF EXPENSES
MAGAZINE EXPENSES	773,720	691,617	682,500	668,900
BOOKS & EQUIPMENT COSTS	2,525,857	2,081,396	2,081,500	1,370,000
ELECTRONIC SERVICES	41,016	87,776	45,000	85,000
PUBLISHING	0	202	25,000	20,000
OTHER SERVICES & PROG. EXP.	149,196	86,526	124,300	145,100
TOURNAMENT EXPENSES	620,457	546,561	285,000	495,200
PERSONNEL EXPENSES	1,648,880	1,550,109	1,602,000	1,695,000
GENERAL AND ADMINISTRATIVE	405,504	457,384	416,700	439,000
OVERHEAD EXPENSES	700,729	833,746	555,900	531,400
GOVERNANCE	52,253	56,243	58,500	66,200
TOTAL EXPENSES	6,917,612	6,391,561	5,876,400	5,515,800
EXCESS / (LOSS)	(240,010)	(391,857)	28,900	122,900