3-Apr-18: BPA Year to Date Financial Update

posted Apr 3, 2019, 5:11 PM by Mark Nowicki

April 3, 2019

 

Message from the Chairman of the Board, Laura Vuolo Rochford:

First and most importantly, I want to thank all the parents and students who have volunteered and participated in our fundraising activities this fiscal year. We just finished another successful Train Show. Your hard work and dedicated hours continue to help us achieve our goals and support the band! I continue to be so proud of the teamwork and volunteerism displayed this year.

 

If you recall, at the beginning of the school year, the BPA talked about the school budget and how important it is for the BPA to maximize its fundraising efforts to continue to provide grants to the program to help the school maintain the excellent program we have.  We had a commitment to grant $35,000 and not only did we achieve this, we were able to grant an additional $7,000 for the winter percussion program! Go Band Parents!! This truly helps the program and keeps parent cost for student participation in these programs down!

 

Next up, we will be granting scholarships for graduation seniors. Our budget for scholarships this year, including a few from our generous platinum sponsors, is $4,000.00. Stay tuned for the award recipient notification.

 

Our goals have not changed: to fund grants and scholarships for the program, to increase the net proceeds of our fundraisers, and to build back our reserves so that we can expand our grant capability and keep parent cost down.  We have made amazing strides this year thanks to your efforts.

 

If you have not already done so, please consider making a membership or other donation to the BPA – it is tax deductible!!! You can find the form or donate via PayPal via www.ramband.com. For those who have already donated, we thank you for your commitment!

 

Financial Update from the Treasurer, Peter Blagys:

We had a very successful year for fundraising. First is an updated summary of our fundraising net proceeds for the 2018/2019 year as of April 3, 2019. In addition, I have included a summary of the revenue versus expense for each fundraiser. Next, is a summary of the grant payments made to CHS to the Band Student Activity Account this year.

 

 If you have any questions about the financials, please do not hesitate to reach out to me or to any of the Board Members. A more detailed financial update will come out in May/June as we close out the fiscal year and gear up for 2019-2020.

 

 

 

 

Event

Proceeds

Expenses

Net Proceeds*

Board and Brush

$     515

$0.00

$     515

Sponsor/Donor Campaign

$18,014

$0.00

$18,014

Music In Motion

$29,312

($13,810)

$15,503

Fall Train Show

$14,388

($  7,140)

$  7,248

Christmas Tree Pick Up*

$13,339

($  1,267)

$12,072

Spring Train Show**

$12,831

($  7,800)

$  5,031

TOTAL to date

$88,399

($30,017)

$58,382

 

*expenses include PayPal fees

**expenses for Spring Train Show are estimated until all invoices received and paid

 

Month

Grant Amount

August

$4,250.00

September

$6,000.00

October

$6,000.00

November

$6,000.00

December

$6,000.00

January

$6.000.00

Expense for Hospitality*

$   834.00

TOTAL Grant Marching Band

$35,084.00

Winter Percussion

$7,000.00

Total Grant Commitment

$42,084.00

 

*Total grant for marching band includes expenses paid by BPA for hospitality at MiM

 

Message from the President, Ron Dellostritto:

Upcoming Volunteer Opportunities: We are looking for new sub-chairs for next year’s fundraisers. It will come up fast. We have veteran chairs that will be happy to show you the ropes so please don’t hesitate to contact any of the Board to take on a sub-chair role now! All of our 2019-2020 Fundraising dates have been approved. Sign up early!

 

We will be kicking off the sponsor/donor campaign in the spring and need volunteers! Please contact Laura Rochford (chariman@ramband.com) or Sue Mellitt (secretary@ramband.com) if you can help out.

                                               

Sunday April 28, 2019: Volunteers needed at the ION Bank Half Marathon. ION Bank gives us a donation for our efforts. Every dollar counts!

 

Reminder: any student who volunteers for a BPA fundraiser will be entered in a drawing for a $100 gift card. The winner will be announced before the end of the school year. 

 

We will be having a fun new fundraiser Friday May 10, 2019 at Hawk Ridge Winery in Watertown, CT: Purse Bingo! Tickets are on sale for $45.00 (includes one glass of wine). Contact Elyse Lanzer (elanzer@ramband.com)  for tickets – check made out to CHSBPA or cash accepted.  Bring your own snacks or purchase at the winery. Stay tuned for more details but Save the Date and tell your friends!

 

Thank you for your continued support for our champions – the Marching Ram Band!!  

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