4/18/2001	( A )	(A)	(A)	( C )
2002 USCF	Audited	Actual	Fiscal Year	Budget	Actual			ESTIMATED	2002	VARIANCE	2002
DRAFT BUDGET #10	12 Months	12 Months	2001	Through	Through			TOTAL	ESTIMATED	BUDGET/	ESTIMATED
FOR DISCUSSION PURPOSES ONLY	May-99	As of 5/31/00	Budget	3/31/2001	3/31/2001	April-01	May-01	YEAR	BUDGET	EST. PRIOR	BUDGET
PRO-FORMA	Consolidated	Operations	Operations
STATEMENT OF REVENUES
MEMBERSHIPS
REGULAR ONE YEAR	$         844,612	$       785,820.24	$      790,000	$639,295	629,794	59,000	59,000	747,794	762,800	15,006	15,300	2%
REGULAR MULTI YEAR	$         169,540	$       170,824.86	$      175,000	$152,494	197,896	19,000	19,000	235,896	235,900	4	235,900
SENIOR ONE YEAR MEMB	$           86,766	$         80,192.17	$        85,000	$74,136	60,299	5,900	5,900	72,099	72,100	1	72,100
SENIOR MULTI YEAR	$           13,617	$         15,413.52	$        17,900	$15,771	19,007	1,700	1,700	22,407	22,400	(7)	22,400
FAMILY MEMBERSHIP	$           10,401	$           9,629.00	$        11,100	$9,681	7,951	800	800	9,551	9,600	49	9,600
TRIAL MEMBERSHIP	$             9,861	$           9,007.83	$        10,600	$9,463	6,853	500	500	7,853	7,900	47	7,900
MISC. MEMBERSHIP	$           11,558	$         10,283.25	$        11,600	$9,839	9,273	800	800	10,873	10,900	27	10,900
YOUTH ONE YEAR MEMB	$         168,155	$       152,789.22	$      160,400	$132,750	147,257	11,500	11,500	170,257	170,300	43	170,300
YOUTH MULTI YEAR	$           16,576	$         20,777.49	$        21,000	$17,811	27,886	2,500	2,500	32,886	32,900	14	32,900
SCHOLASTIC ONE YEAR MEMB	$         239,055	$       247,283.32	$      264,600	$225,413	289,260	18,600	18,600	326,460	375,400	48,940	56,300	15%
SCHOLASTIC MULTI YEAR	$           12,957	$         16,812.14	$        21,000	$18,878	28,105	2,100	2,100	32,305	32,300	(5)	32,300
COLLEGE MEMBERSHIP	$             1,750	$             515.00	$            700	$700	489	0	0	489	500	11	500
SUSTAINING MEMBERSHIP	$           32,416	$         29,747.41	$        35,000	$26,686	23,903	2,200	2,200	28,303	28,300	(3)	28,300
LIFE & SUSTAINING RECOG.	$         223,957	$       166,840.36	$      170,000	$141,724	143,399	14,000	14,000	171,399	174,800	3,401	3,500	2%
AFFILIATION	$           75,479	$         62,298.01	$        65,000	$56,572	63,463	6,400	6,400	76,263	76,300	37	76,300
ICC	$             7,129	$           6,540.00	$          4,500	$4,500	1,375	0	0	1,375	0	(1,375)	0
INTERNET-REGULAR					1,791				16,000	16,000	16,000	500
INTERNET-YOUTH									2,000	2,000	2,000	125
INTERNET-SCHOLASTIC									2,500	2,500	2,500	250
TOTAL MEMBERSHIP	$      1,923,829	$    1,784,773.82	$   1,843,400	$      1,535,714	1,658,001	145,000	145,000	1,946,210	2,032,900	86,690	795,000
BOOKS & EQUIPMENT
SALES: REGULAR	$      3,427,575	$    3,000,786.79	$   3,000,800	$2,572,651	2,115,154	175,000	175,000	2,465,154	2,250,000	(215,154)	########	10@175,000/2 @ 250000
ELECTRONIC SERVICES
WEB SERVICE	$           33,167	$         24,081.67	$        29,000	$29,000	13,052	500	500	14,052	5,000	(9,052)	5,000
US CHESSLIVE									35,000	35,000	35,000
TOTAL ELECTRONIC SERVICES	33,167	24,082	29,000	29,000	13,052	500	500	14,052	40,000	25,948	40,000
MAGAZINE REVENUES
CHESS LIFE SUBSCRIPTIONS	$           33,479	$         31,100.79	$        35,000	$31,922	20,024	2,300	2,300	24,624	25,600	976	25,600
CHESS LIFE NEWSTAND SALES	$           24,074	$         29,043.99	$        34,400	$30,599	34,489	2,200	2,200	38,889	38,900	11	38,900
CHESS LIFE ADVERTISING	$         184,620	$       183,201.03	$      207,400	$180,085	168,604	15,000	15,000	198,604	218,500	19,896	21,900	10%
CHESS LIFE TLA FEES	$           49,691	$         53,795.32	$        53,800	$50,828	78,087	5,000	5,000	88,087	92,500	4,413	4,600	5%
SCHOOLMATES SUBSCRIPTIONS	$           16,621	$           8,950.83	$          9,000	$7,820	7,186	500	500	8,186	8,200	14	8,200
SCHOOLMATES NEWSSTAND	$                  -	$                    -	$               -	$0	0	0	0	0	0	0	0
SCHOOLMATES ADVERTISING	$           19,147	$         10,980.75	$        11,000	$9,522	4,038	200	200	4,438	4,600	162	4,600
SCHOOLMATES TLA FEES	$             6,366	$           7,202.45	$          9,100	$8,729	4,690	600	600	5,890	6,400	510	6,400
BOOK PUBLISHING-USCF BOOKS			$        30,000	$22,500	0	0	0	0	0	0	0
CATALOG ADVERTISING				$0	7,990	0	0	7,990	45,000	37,010	45,000	3 @ 15000
TOTAL MAGAZINE REVENUE	$         333,998	$       324,275.16	$      389,700	$         342,005	$       325,108	$   25,800	$    25,800	$     376,708	$     439,700	62,992	########
OTHER SERVICES
RATING FEES/CROSSTABLES	$         109,195	$         98,629.11	$        94,800	$79,897	71,382	5,750	5,750	82,882	82,900	18	82,900
MAILING LIST SALES	$           16,111	$         14,288.01	$        17,900	$16,951	8,414	700	700	9,814	9,800	(14)	9,800
CERTIFICATION FEES	$               926	$             468.90	$            600	$542	578	50	50	678	700	22	700
WORKSHOPS	$           10,615	$             180.00	$            200	$200	0	0	0	0	0	0	0
TOTAL OTHER SERVICES	$         136,847	$       113,566.02	$      113,500	$           97,590	$        80,374	$     6,500	$      6,500	$      93,374	$      93,400	26	$ 93,400
TOURNAMENTS
CORRESPONDENCE CHESS FEE	$           28,751	$         22,873.33	$        26,900	$23,988	15,712	1,450	1,450	18,612	18,600	(12)	18,600
OPEN TNMT REV. & DONATION	$         373,687	$       336,277.48	$      249,000	$216,000	2,000	123,500	123,500	249,000	565,900	316,900	544,600
SPONSORSHIP-INVITATIONAL	$           98,583	$         83,192.31	$      100,000	$0	10,500	10,000	10,000	30,500	78,400	47,900	70,000
EXHIBITS			$        30,000		2,115			2,115	0	(2,115)	20,000
TOTAL TOURNAMENT REVENUE	$         501,021	$       442,343.12	$      405,900	$         239,988	$        30,327	$ 134,950	$  134,950	$     300,227	$     662,900	362,673	########
OTHER REVENUES
CHESS TRUST ADMIN.	$             8,000	$           7,999.92	$        23,000	$16,667	16,462	1,650	1,650	19,762	19,800	38	19,800
INTEREST/DIV/GAIN/LOSS	$         148,033	$                    -	$               -					0
ROYALTIES	$           79,129	$         68,498.20	$        60,000	$50,000	18,132	500	500	19,132	15,000	(4,132)	15,000
RENTAL INCOME LMA	$           61,200	$                    -	$               -					0
GENERAL DONATIONS	$           24,803	$         25,320.00	$        30,000	$30,333	11,713	1,000	1,000	13,713	35,000	21,287	35,000
NON-TOURN. SPONS./GRANTS			$        10,000			7,500	0	7,500	50,000	42,500	50,000
GAIN/LOSS SALE OF ASSETS		$             250.00	$               -		50			50	0		0
TOTAL OTHER REVENUE	$         321,165	$       102,068.12	$      123,000	$           97,000	$        46,358	$   10,650	$      3,150	$      60,158	$     119,800	59,642	########
TOTAL REVENUES	$      6,677,602	$         5,791,895	$   5,905,300	$      4,913,947	$    4,268,374	$ 498,400	$  490,900	$  5,255,883	$  5,638,700	382,817	########
COST OF SALES
COST OF BOOKS AND EQUIP	$      1,787,440	$    1,606,865.28	$   1,606,900	$      1,397,670	$       990,643	76,500	76,500	1,143,643	985,000	(158,643)	985,000
DELIVERY	$         291,752	$       217,201.17	$      217,200	$         193,644	$       155,019	7,500	7,500	170,019	158,000	(12,019)	158,000
CONCESSION EXPENSES	$           30,068	$         26,365.40	$        26,400	$           24,099	$        19,767	5,000	0	24,767	27,000	2,233	27,000
TOTAL COST OF SALES	$      2,109,260	$         1,850,432	$   1,850,500	$      1,615,414	$    1,165,429	$   89,000	$    84,000	1,338,429	1,170,000	(168,429)	########
GROSS MARGIN	$      4,568,342	$         3,941,463	$   4,054,800	$      3,298,533	$    3,102,944	$ 409,400	$  406,900	$  3,917,453	$  4,468,700	551,247	########
STATEMENT OF EXPENSES
MAGAZINE EXPENSES
CHESS LIFE PRINTING	$         366,473	$       306,152.64	$      310,000	$251,562	236,179	24,500	24,500	285,179	300,000	14,821	300,000
CHESS LIFE MAILING	$         200,249	$       188,558.14	$      190,000	$163,446	162,550	16,500	16,500	195,550	205,000	9,450	200,000
CL CONSULTING	$             3,074	$         12,998.20	$        13,000	$10,980	8,719	600	600	9,919	9,900	(19)	9,900
CL CONTRIBUTOR FEES	$           94,053	$         82,045.00	$        90,000	$75,378	68,087	6,700	6,700	81,487	85,000	3,513	85,000
CL OTHER ED EXPENSES	$             2,328	$           1,296.12	$          2,500	$1,878	427	75	75	577	1,000	423	1,000
SCHOOLMATES PRINTING	$           59,096	$         54,666.54	$        46,000	$40,486	35,317	500	500	36,317	35,000	(1,317)	35,000
SCHOOLMATES MAILING	$           45,322	$         43,947.01	$        28,000	$22,776	31,392	3,400	3,400	38,192	30,000	(8,192)	30,000
SM CONTRIBUTOR FEES	$             3,125	$           1,953.00	$          3,000	$2,335	2,380	225	225	2,830	3,000	170	3,000
TOTAL MAGAZINE	$         773,720	$       691,616.65	$      682,500	$         568,841	$       545,051	$   52,500	$    52,500	$     650,051	$     668,900	18,849	########
BOOKS & EQUIPMENT COSTS
SHIPPING & PACKING SUPPLIES	$           57,081	$         52,281.21	$        52,300	$40,741	45,955	5,000	5,000	55,955	51,000	(4,955)	51,000
CATALOG PRINTING	$         211,391	$       114,202.34	$      114,200	$113,719	77,014	3,000	1,000	81,014	81,000	(14)	81,000
CATALOG MAILING	$         148,125	$         64,480.30	$        64,500	$62,465	59,638	1,000	500	61,138	65,000	3,862	65,000
MAILING LISTS				$0	236	0	0	236	3,000	2,764	3,000
TOTAL BOOKS & EQUIPMENT	$         416,597	$       230,963.85	$      231,000	$         216,925	$       182,843	$     9,000	$      6,500	$     198,343	$     200,000	1,657	########
ELECTRONIC SERVICES
WEB SERVICE	$           41,016	$         87,776.16	$        45,000	$40,814	$19,702	1,500	1,500	22,702	35,000	12,298	35,000
US CHESS LIVE					$23,377	2,500	2,500	28,377	50,000	21,623	50,000
TOTAL ELECTRONIC SERVICES	41,016	87,776	45,000	40,814	43,079	4,000	4,000	51,079	85,000	33,921	85,000
PUBLISHING
BOOK PUBLISHING	$                  -	$             202.00	$        25,000	$20,000	9,956	1,700	1,000	12,656	20,000	7,344	20,000
OTHER SERVICES & PROG. EXP.
PROMOTIONS	$           13,425	$           8,428.65	$        25,000	$18,566	25,054	2,800	2,800	30,654	50,000	19,346	50,000
MEMB. FORMS & SUPPLIES	$           67,244	$         44,677.39	$        47,200	$38,805	38,391	1,900	1,900	42,191	45,000	2,809	45,000
RATING SUPPLEMENTS	$           22,953	$         16,577.64	$        16,100	$12,409	15,280	1,300	1,300	17,880	20,000	2,120	20,000
SCHOLASTIC PROMOTIONS	$           15,798	$           2,587.06	$          2,600	$1,781	10	0	0	10	100	90	100
STATE AFFILIATE SUPPORT	$           29,451	$         11,553.40	$               -	$3,400	89	0	0	89	0	(89)	0
NATIONAL TRAINING PROGRAM	$               325	$           2,702.35	$          3,400	$0	0	0	0	0	0	0	0
TRADE SHOW EXHIBITING	$                  -	$                    -	$        25,000	$0	0	0	0	0	15,000	15,000	15,000
GRANT FULLFLMENT			$          5,000	$3,000	0	0	0	0	15,000	15,000	15,000
TOTAL OTHER SERVICES	$         149,196	$         86,526.49	$      124,300	$           77,961	$        78,824	$     6,000	$      6,000	90,824	$     145,100	54,276	########
TOURNAMENT EXPENSES
CORRESPONDENCE CHESS PRIZES	$             5,530	$         60,083.05	$        10,000	$8,333	8,333	833	833	9,999	10,000	1	10,000
INV. TNMTS PRIZES AND EXP	$         100,355		$        87,500			0	0	0	0	0	0
OPEN TNMTS PRIZES AND EXP	$         343,279	$       278,807.08	$      181,500	$132,000		130,000	130,000	260,000	379,100	119,100	371,700
INVITATIONAL EVENTS	$         171,293	$       207,671.33	$               -	$30,000	59,184	0	2,000	61,184	101,100	39,916	110,000
EXHIBITS			$          6,000		176	67	67	310	5,000	4,690	5,000	25% of Revenue
TOTAL TOURNAMENT	$         620,457	$       546,561.46	$      285,000	$         170,333	$        67,693	$ 130,900	$  132,900	331,493	$     495,200	163,707	########
PERSONNEL EXPENSES
SALARIES	$      1,386,556	$    1,293,587.17	$   1,325,000	$1,121,154	1,042,068	104,000	104,000	1,250,068	1,375,000	124,932	########
PAYROLL TAXES	$         121,365	$       110,735.18	$      115,000	$97,308	94,406	8,250	8,250	110,906	125,000	14,094	125,000
EMPLOYEE BENEFITS	$         140,959	$       145,787.05	$      150,000	$125,000	143,133	14,450	14,450	172,033	185,000	12,967	185,000
EMPLOYEE INCENTIVE PROGRAM	$                  -	$                    -	$        12,000	$9,779	1,950	300	300	2,550	10,000	7,450	10,000
TOTAL PERSONNEL	$      1,648,880	$    1,550,109.40	$   1,602,000	$      1,353,240	$    1,281,558	$ 127,000	$  127,000	$  1,535,558	$  1,695,000	159,442	########
GENERAL AND ADMINISTRATIVE
TRAVEL & ADMINISTRATION	$           93,041	$         88,463.90	$        90,000	$92,955	80,033	11,000	6,000	97,033	95,000	(2,033)	95,000
POSTAGE	$         168,579	$       157,537.32	$      165,000	$148,966	139,714	13,225	16,225	169,164	175,000	5,836	175,000
OFFICE SUPPLIES	$           40,732	$         37,314.06	$        38,100	$30,893	36,289	3,750	5,750	45,789	50,000	4,211	50,000
EMPLOYEE TRAINING		$                    -	$        10,000	$8,000	0	0	0	0	10,000	10,000	10,000
PROFESSIONAL FEES	$           38,208	$         67,757.17	$        50,000	$42,500	35,151	4,000	4,500	43,651	45,000	1,349	45,000
INTEREST EXPENSE	$           42,814	$         55,121.19	$        51,600	$43,397	51,969	5,100	5,000	62,069	52,000	(10,069)	45,000
BAD DEBT EXPENSE	$           22,130	$         51,190.65	$        12,000	$10,000	10,000	1,000	1,000	12,000	12,000	0	12,000
GENERAL & ADMINISTRATION	$         405,504	$       457,384.29	$      416,700	$         376,711	$       353,156	$   38,075	$    38,475	$     429,706	$     439,000	9,294	########
OVERHEAD EXPENSES
REALIZED LIFE MEMBER EXP.	$         163,198	$                    -	$               -
RENT CHESS LIFE	$           43,470	$         37,008.48	$        37,100	$30,917	31,457	3,150	3,150	37,757	38,500	743	38,500
RENT IMPUTED LMA	$           61,200	$         62,424.00	$        62,500	$52,083	52,020	5,200	5,200	62,420	63,700	1,280	63,700
UTILITIES	$           19,059	$         21,486.97	$        23,000	$19,489	20,386	2,100	2,100	24,586	30,000	5,414	30,000
TELEPHONE	$         109,708	$         87,603.85	$      110,000	$87,371	70,555	6,200	6,200	82,955	90,000	7,045	90,000
INSURANCE	$           30,539	$         30,704.33	$        33,000	$27,500	26,299	2,600	5,600	34,499	37,500	3,001	37,500
GENERAL REPAIRS & MAINT	$           43,901	$         43,905.17	$        38,700	$29,375	39,979	3,900	5,000	48,879	55,000	6,121	55,000
PROPERTY TAXES AND OTHER	$           14,055	$         14,724.24	$        14,800	$11,912	11,593	1,200	5,000	17,793	19,000	1,207	19,000
SOFTWARE	$               706	$       140,782.19	$        15,000	$12,000	1,795	200	500	2,495	7,500	5,005	7,500
COMPUTER MAINTENANCE	$           17,977	$         25,676.36	$        30,000	$24,000	167	50	100	317	7,500	7,183	7,500
FIXED ASSET ACQUISITIONS	$               601	$             445.20	$          5,000	$3,750	86	50	100	236	7,500	7,264	7,500
DEPRECIATION	$         102,842	$         86,584.77	$        90,000	$75,000	74,154	9,300	11,000	94,454	97,500	3,046	97,500
EQUIPMENT RENTAL	$             8,349	$         14,386.63	$        14,700	$11,339	15,678	1,700	2,000	19,378	21,000	1,622	21,000
BANK CHARGES	$             4,496	$           8,121.98	$          8,100	$4,160	4,687	400	1,000	6,087	5,700	(387)	5,700
CREDIT CARD FEES	$           80,120	$         72,383.77	$        73,000	$61,096	47,284	4,900	6,000	58,184	50,000	(8,184)	50,000
OTHER	$               508	$                    -	$          1,000	$833	135	50	50	235	1,000	765	1,000
TOTAL OVERHEAD	$         700,729	$       646,237.94	$      555,900	$         450,825	$       396,276	$   41,000	$    53,000	$     490,276	$     531,400	41,124	########
GOVERNANCE
POLICY BOARD	$           28,708	$         39,478.86	$        40,000	$32,750	39,141	6,000	1,500	46,641	46,200	(441)	46,200
POLICY BOARD NEWSLETTER	$             7,631	$           4,212.54	$          4,500	$3,000	520	75	75	670	10,000	9,330	10,000	4 @ 2,500
FIDE DUES & ENTRY FEES	$           12,707	$         10,000.00	$        11,000	$0	1,573	225	225	2,023	5,000	2,977	5,000
FIDE DELEGATES & ZONAL	$             3,207	$           2,551.62	$          3,000	$1,500	3,154	0	0	3,154	5,000	1,846	5,000
TOTAL GOVERNANCE	$           52,253	$         56,243.02	$        58,500	$           37,250	$        44,388	$     6,300	$      1,800	52,488	$      66,200	13,712	$ 66,200
TOTAL EXPENSES	$      6,917,612	$    6,204,053.11	$   5,876,400	$      3,312,901	$    3,002,823	$ 416,475	$  423,175	3,842,473	$  4,345,800	503,327	########
EXCESS / (LOSS)	$        (240,010)	$      (412,158.41)	$        28,900	$          (14,367)	$       100,121	$    (7,075)	$   (16,275)	76,771	$     122,900	46,129	########