An update from the Philippine Flying Disc Association Board regarding the community's Financial Status, Team Pilipinas, and Education.

1. Financial Status
By: Marielle Maglaya

2. 2013 Financial Statements
BALANCE SHEET
ASSETS
Cash 982,404.68
Receivables 17,410.00
Inventories 132,654.78
1,132,469.46
EQUITY
Beginning Balance of Fund 1,260,575.25
Income (loss) fund raising activities (128,105.79)
Ending Balance of Fund 1,132,469.46
INCOME STATEMENT
REVENUES
Registration Fee 2,937,516.61
Membership Fee 49,200.00
Donations and others 38,938.99
3,025,655.60
EXPENSES
Meals 937,093.00
Tournament Discs 429,718.63
Field Fee and other tournament expenses 465,020.00
Party Expense 420,516.50
Tournament Kits 288,090.00
Tournament Event Jerseys 240,050.00
Allowances - Marshals, TDs, organizers and others 98,218.40
Meetings and education 111,999.73
Supplies 72,724.00
Miscellaneous 90,331.13
3,153,761.39
NET LOSS (128,105.79)

3. 2014 Financial Statements
BALANCE SHEET
As of 21 August 2014
ASSETS
Cash 758,869.39
Refundable TP Registration Fee 256,028.06
Receivables from TP Players 17,350.00
Inventories 132,008.79
Prepaid Expenses 50,000.00
Tax Withheld 52.31
1,214,308.54
LIABILITIES
Unearned Revenue from Spirits 2014 13,400.00
Other Payables 300.00
13,700.00
EQUITY
Beginning Balance of Fund 1,132,469.05
Income (loss) fund raising activities 68,139.49
Ending Balance of Fund 1,200,608.54
TOTAL LIABILITIES AND EQUITY 1,214,308.54
INCOME STATEMENT
For the period ended 21 August 2014
REVENUES
Registration Fee
Nationals and Qualifiers 653,450.00
HAT 16,550.00
PUA Membership fee 75,800.00
Sales/ Donations 18,650.00
Sponsorship 25,500.00
Other Income 367.03
790,317.03
EXPENSES
Meals 173,509.57
Field Fee and other tournament expense 113,846.10
Party Expense 90,255.32
Meetings and education 86,925.60
Non-refundable TP Registration Fee 60,376.72
Tournament Event Jerseys 52,924.60
WFDF Membership Fee and SEC Filing Fees 51,404.64
Tournament Kits 45,761.60
Allowances - Marshals, photographers, DJ, etc. 24,550.00
Charitable Contributions 7,000.00
Supplies 6,120.00
Realized Forex Loss 2,042.00
Miscellaneous 7,461.39
722,177.54
NET INCOME 68,139.49

4. Cash and TP Fund
Cash on Hand 17,592.00
Peso Savings Account 280,012.21
Dollar Savings Account $ 6,325.03 280,515.18
Kat Velayo Checking Account 180,750.00
Total Cash 758,869.39
Total Cash 758,869.39
TP Allocation (376,166.18)
Yolanda Allocation (73,030.00)
Operating Fund 309,673.21
Balance turned over from Karen 105,580.00
Team Registration Fee for WUCC 2014 (60,376.72)
Revenues from Sunsoaked Tournament 64,500.00
Sponsorship Revenue - Magsaysay Shipping 25,500.00
PUA Subsidy 400,000.00
Individual Player Registration Fees WUCC 2014 (256,028.06)
Income from Nationals including sales and donations 96,990.96
Total TP Fund 376,166.18

5. Team Pilipinas
By: Felix Angue

6. Overview
• First Selection Committee
– Formed in January 2014
– Xtian Guerrero
– Jude Lee
– Jason Lopez
• TP Training Pool
– Formed in March 2014
– 90+ players from Luzon, Visayas, Mindanao

7. Overview
• Second Selection Committee
– Jamel Pangandaman
– Nina Buenaflor
– Will Steedman
• Short list of players formed
– Balance between budget and strong team
– Socialized subsidies (0% - 100%)

8. What We Can Do Better
• Funding
– Limited starting budget
– Not enough sponsorship
• Club vs TP
– Training schedule conflict
– Tournament conflict
• Send a team now or save money for later?

9. Education
By: Jamel Pangandaman

10. Educational Programs
• Previous Clinics
– Davao
– Cagayan de Oro
– Bicol
• Teacher Training
– October 25-26
– Metro Manila
• Skills Clinic for Players

11. Open Forum – Questions/Suggestions
• Financial Statements
– WUCC individual player fees are refundable? (Chris
Chua)
– Yes. They are recorded as a receivable from the
tournament organizers in our Financial Statement.
(Yelle Maglaya)
• Team Pilipinas
– What was rationale for change in selection
methodology from tryouts to a training pool? (Jody
Chua)
– Training pool is more sustainable and goes beyond just
one tournament (Felix Angue)

12. Open Forum – Questions/Suggestions
• Team Pilipinas (continued)
– Suggestion is to bring back tryouts (JJ Sison)
– Suggestion is also to create a TP head (Jody/Chris Chua)
• Independent term with the rest of the board
• This will ensure the continuity of the TP program across different
boards
• Marketing
– Suggestion is to create independent body to run marketing
function (JJ Sison)
• Not co-terminus with board term
• PFDA board will maintain oversight over the committee’s functions

13. Open Forum – Questions/Suggestions
• Marketing (continued)
– Suggestion is to collect Php1,000 from the 5,000+
members in the PUA FB group to source funds for
the TP program (Ping Bautista)
• Not all the members in the group are registered
members of PFDA (Peng Manlapaz)
• Collection of PFDA membership fees, which are only at
Php200 per person, are already a struggle to collect
(Peng Manlapaz)

14. Open Forum – Questions/Suggestions
• Education
– Expand WFDF Rules Accreditation requirements to
local leagues, possibly with Pool A and B teams
– Experiment with Observers in Local Leagues as a
pilot project
• Suggestion is to pilot in lower pools in MMUC leagues
as they will not yet have a deep understanding of rules
compared to higher Pools (Chris Chua)
• It will be the equivalent of “supervised” games for
newbies/beginners, which WFDF allows