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| Tags: officers, uscfs |
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#41
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By the time it gets to the newsgroup it is about as accurate as a
newspaper account. Of the reported 50 or so thou that weren't billed after Debi left, more like 10k. Of the 70k we had in accounts receivable, about 50 will never be collected. Some of it goes back to 1999. StanB Surprise, surprise. Some of it goes back to 1999?:-) Well, see if you can find a copy of the John L White report from September of 1999. Turns out, no one in the office was doing tournament accounting in 1999, but that didn't stop them from putting out numbers. SO, I sort of doubt you can rely on those "financials". Rp |
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#42
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Liam Too wrote:
Bruce Draney wrote in message ... I was told about these uncollected fees at Supernationals in Kansas City. I will not mention the name of the number one culprit in not paying the fees, but I think you can all guess who he might be. In fact, I was told that the primary reason that TLA's were moved out of one part of the office and into another was so that USCF could keep better track of who had paid and who hadn't. Obviously this was mistaken reasoning. Wow! What a disgrace! I live here in Kansas City. I wonder who the culprit is? If you tell me, maybe, I will collect for the USCF myself. Lance Smith Well, Lance he doesn't live in Kansas City, but if you head east to Salisbury Mills, NY you'll probably be able to find him. Best Regards, Bruce |
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#43
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"ASCACHESS" wrote in message ... Surprise, surprise. Some of it goes back to 1999?:-) Mostly for TLAs and small **** like that. I know you have had your ups and downs with the USCF as have many. If everybody will give Beatrice and the new board a fighting chance to make things better, maybe we can stop identifying this USCF with those former USCFs. StanB |
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#44
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"Liam Too" wrote in message
m... I heard that Ralph Bowman did a good job in organizing the 2001 KC Supernationals. The USCF earned $30,000.00 as part of the profit. However, $25,000.00 sponsorship income was due from American Inn. I wonder if they ever collected that? All the best, Lance I had heard that the profit was less than that. Also, that Kansas City was awarded the bid based on a profit and on $90,000 in sponsorship that never materialized. Rumor has it that the curtains placed in the playing hall cost $20,000 alone. |
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#45
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StanB wrote:
"ASCACHESS" wrote in message ... Surprise, surprise. Some of it goes back to 1999?:-) Mostly for TLAs and small **** like that. I know you have had your ups and downs with the USCF as have many. If everybody will give Beatrice and the new board a fighting chance to make things better, maybe we can stop identifying this USCF with those former USCFs. StanB I agree that Beatriz and the new gang deserve a chance, and this may actually be the last serious chance for USCF to survive. There is a very short window of opportunity here and this will mean that Beatriz's honeymoon as President is going to be considerably shorter than the past several leaders, just because we can't afford to wait too long anymore. What was just done has needed to be done for a long time. It is very hard to dismiss people, particularly in this economy where it is not easy to find another job, but this was an emergency and someone had to play the hardass. Booz and Beatriz sound like a tough combo. The tough decisions should have been made 3-5 years ago when we had a reserve account to work with. Unfortunately, we have now squandered everything but the value of the building minus the repairs. While I believe that it is possible that the USCF might survive this, the next 6 months are going to be very difficult and I am not nearly as optimistic given USCF's track record as Stan and Paul seem to be that 23 staff members will do a better job than 40 staff members, although if the 23 are the highly motivated ones who do outstanding work and they were being brought down by some slackers this could have a positive impact. In the meantime, someone might want to start developing a system of interviewing that USCF can use to start prescreening some of our applicants. Whatever system was used to select the last three ED's it is obvious that our selection system leaves a great deal to be desired. Best Regards, Bruce |
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#46
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"StanB" wrote in message ...
"ASCACHESS" wrote in message ... Who, oh who is giving you the "straight scoop?" Tell us and we can determine whether that scoop is the milk of truth or a scoop of kitty litter. I was on premise and poured through the books and interviewed the other sides. By the time it gets to the newsgroup it is about as accurate as a newspaper account. Of the reported 50 or so thou that weren't billed after Debi left, more like 10k. Of the 70k we had in accounts receivable, about 50 will never be collected. Some of it goes back to 1999. Goichberg reported $60k unbilled of which $14k was unbilled to him. This seems inconsistent with your claim of $10k. As for the $50k in uncollectable accounts receivable going back to 1999, we were told the very expensive and long delayed 2001-2002 audit was going to clear up such problems. How much of the $50k predates the start of the 2002-2003 fiscal year? Is this $50k written off in the 2002-2003 statements? James B. Shearer |
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#47
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"Bruce Draney" wrote in message ... In the meantime, someone might want to start developing a system of interviewing that USCF can use to start prescreening some of our applicants. Maybe we need to better prescreen the interviewers. StanB |
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#48
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"James B. Shearer" wrote in message om... Goichberg reported $60k unbilled of which $14k was unbilled to him. This seems inconsistent with your claim of $10k. Goichberg probably thinks when he places an ad it counts then and there. I subscribe to the theory that we don't earn it until the ad runs. Perhaps IBM subscribes to the Enron system of revenue recognition? StanB |
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#50
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"StanB" wrote in message ...
"James B. Shearer" wrote in message om... Goichberg reported $60k unbilled of which $14k was unbilled to him. This seems inconsistent with your claim of $10k. Goichberg probably thinks when he places an ad it counts then and there. I subscribe to the theory that we don't earn it until the ad runs. Perhaps IBM subscribes to the Enron system of revenue recognition? StanB Goichberg said this "... Over $14,000 of this money has since been received, as Continental Chess has a credit card on file with the office to pay for ads, and I pointed out in July that USCF had neglected to charge this card for several months. ..." Goichberg probably thinks that if the USCF has been regularly charging his card several thousand dollars a month and suddenly stops doing so this is because of USCF incompetence not a sudden attack of accounting scruples. He probably also believes that if he is not being billed lots of other people are not being billed also. As for when Goichberg should be charged, if Goichberg is willing to pay in advance and this is compatible with credit card regulations I see no reason not to charge his card when the ad is placed. You may be correct that this should be booked as deferred revenue until the ad actually runs and it is earned. However this is not how the USCF handles regular adult memberships is it? If someone buys a one year membership in May the entire amount is booked in that year with none deferred until the following year when most of it is earned. Right? James B. Shearer |
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