1. Treasurers Report Oct 20, 2010 Board Meeting

2. NCJLA Balance Sheet

3. 2010 Season Overview Oct 1, 2009 through Sept 30, 2010 season ended with net income of $8,305.57 –Operating budget under spend(4K$), gifts given surplus (1.5K$) and the remainder from unclaimed ref fees

4. 2011 Proposed Budget Board vote to approve projected budget for 2011 season of $167,440 (details next page) –Approval means you would be authorizing $10,347 to be used from reserve fund to cover shortfall versus projected income –Recognition that amount from reserve could be lower or higher based on actual spend and assumption we will see 5% growth in # of teams registered this year –Underwriting of $12,441 for TI Field & Lining costs and any shortfall in miscellaneous costs (toilets, garbage, etc above vendor fees) previously approved by board and not part of this vote

5. 2011 Operating Budget Proposed