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Main
Date: 24 Jul 2007 11:37:35
From: Jackass Lafferty
Subject: Goichberg, Channing, Schultz and Hough deceiving members
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There is a big issue here.
Last year, the office delayed the payment of prizes for the National
Open until after May 31 although the tournament was played much
earlier. Since the fiscal year ends on May 31, that made the USCF
bottom line look better for the 2005-2006 fiscal year. (The USCF still
lost $130,000 even after this enhancement.)
We have been expecting a similar phony deal to happen this year and it
seems that it has. The Office has already put the money Frank Berry
donated into revenue. Now, by delaying payment of the top prizes to
the US Championship until after May 31 and by not paying the prizes
for the US woman's Championship at all, that may give them enough
extra money to make the USCF look "profitable" this year.
Sam Sloan
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Date: 25 Jul 2007 14:02:41
From: help bot
Subject: Re: Goichberg, Channing, Schultz and Hough deceiving members
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Kenneth Sloan wrote:
> Jackass Lafferty wrote:
> > There is a big issue here.
> >
> > Last year, the office delayed the payment of prizes for the National
> > Open until after May 31 although the tournament was played much
> > earlier.
>
> The 2006 National Open was held 16-18 June.
>
> My calendar says this is AFTER May 31.
Not everyone is this sharp.
Personally, I think it is a good thing that prizes
are not paid until a tournament is actually
completed; but now JL will have to find something
else to complain about.
-- help bot
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Date: 24 Jul 2007 15:28:34
From: samsloan
Subject: Re: Goichberg, Channing, Schultz and Hough deceiving members
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On Jul 24, 2:45 pm, Kenneth Sloan <[email protected] > wrote:
> Jackass Lafferty wrote:
> > There is a big issue here.
>
> > Last year, the office delayed the payment of prizes for the National
> > Open until after May 31 although the tournament was played much
> > earlier.
>
> The 2006 National Open was held 16-18 June.
>
> My calendar says this is AFTER May 31.
>
> Sam's calendar may vary.
> [quote="EnriqueHuerta"]I believe you're mistaken about the [b]National Open[/b]. The tournament was in [b]June[/b] and has been for quite a few years. Secondly, I believe it is the organizer that pays the prizes (Sunday night in the "Winners' Circle") not the USCF.
- Enrique[/quote]
Sorry. My mistake. I had it backwards.
The issue was that the USCF booked in the advance entry fees to the
National Open as current revenues, without an offset representing the
prizes that would have to subsequently be paid. The National Open was
played in June, so much of the revenue for the event went to the
fiscal year ending May 31, 2006 and the expenses go against the 2007
fiscal year.
Sam Sloan
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Date: 24 Jul 2007 13:45:09
From: Kenneth Sloan
Subject: Re: Goichberg, Channing, Schultz and Hough deceiving members
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Jackass Lafferty wrote:
> There is a big issue here.
>
> Last year, the office delayed the payment of prizes for the National
> Open until after May 31 although the tournament was played much
> earlier.
The 2006 National Open was held 16-18 June.
My calendar says this is AFTER May 31.
Sam's calendar may vary.
--
Kenneth Sloan [email protected]
Computer and Information Sciences +1-205-932-2213
University of Alabama at Birmingham FAX +1-205-934-5473
Birmingham, AL 35294-1170 http://www.cis.uab.edu/sloan/
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