INTRODUCTION
Overview
Apple Valley Little League (The League, AVLL) has been an integral part of the Apple Valley Community since 1957. We currently have a Board of Directors that consists of 15 volunteers who have dedicated their time to ensure that the league operates in accordance with Little League International rules and regulations. This report was prepared by Nate Charette, Treasurer for Apple Valley Little League and recaps the period from 10/01/2023-9/30/2024.
Financial Highlights
FY23 saw The League rebound financially. We were able to completely pay off over $40,000 of field light debt from previous years bringing us current with Town of Apple Valley, file past years state and federal tax returns, and regain our tax-exempt status.
Report Highlights
This report will breakdown The League’s finances to include cost per player, operational costs, maintenance costs, income, and other costs associated with keeping The League operational.
Looking Ahead
The League is in a better financial position than it was a year ago. A result of the increase of registration fees for the first time in 6 years in 2022-23 and a slight price increase on items at the Snack Bar, The League has been able to overcome financial difficulties and begin making improvements to facilities and equipment. Some which will be identified in this report.
FINANCIAL SUMMARY
The main revenue sources of Apple Valley Little League are player registrations, sponsor donations and snack bar sales.
- Field lighting debt has been paid off and is current.
- Snack bar profit margin ranges from 30-50%. This profit margin is sufficient to ensure The League has funds to cover unforeseen costs and make necessary improvements to enhance player and family experience.
- Current registration fees are adequate to maintain league solvency.
- We continue to see substantial community support in the form of sponsorships.
The following Profit and Loss report summarizes all The League’s income and expenses from 10/01/2023-9/30-2024: