|
BSRA Home > Who We Are> General Meetings> Financial Statements 2003 |
|
Bluewater Shoreline Residents' Association Statement
of Revenues & Expenditures ‑ Operating account for the fiscal year
2002 ‑ 2003 Current
Year Previous
Year Opening Balance $536.88 $592.03 Revenue Membership
Fees Received From
associations $1,059.00 $1,327.00 Associate
members $0.00 $60.00 Total
Membership Fees Received $1,059.00 $1,387.00 Bank
Interest $5.47 $0.60 Total Revenue $1,064.47
$1,387.60 Expenditures F.O.C.A.
Membership $172.27 $170.13 Newsletter
printing costs $412.25 $97.75 Secretary
& mailing costs $250.00 $110.47 Liability
and D & 0 insurance $513.00 Church
hall rental $40.00 $55.00 General
expenses ‑ road assumption, etc.
$102.49
$478.56 Internet
expenses $177.19 Miscellaneous $17.84 Total
expenditures $1,154.20 $1,442.75 Current balance ‑ August 31, 2003
$447.15
$536.99 Treasurer's
Notes‑ Submitted
by: Bob Worthy Membership
fees received are lower by $323 ‑
last year we collected $65 from Previous Year. ‑
9 associations who pd last year still o/s Newsletter printing ‑ paid
for 4 issues current year versus only I previous year Secretary mailings to
association rep's higher this year. Insurance ‑ $ 615.60 isn't due
until Sept I so will reflect in future in the year when effective. I
would recommend that the 2004 membership fee be modified slightly as follows:
Increase the rate to $10 per association but leave the $1 for each property
owner unchanged. This will increase revenue by approximately $250 to meet the
increased expenses. |
|
Bluewater Shoreline Residents' Association
Statement of the Reserve
Account to Sept 10,2002 Current
year Total Amounts received from members $18,584.00 $17,214.25 $35,798.25 Expenses Legal bills paid $4,100.00 $10,466.98 $14,566.98 Printing expenses, etc‑
$348.88 $222.66 $571.54 Municipal election
$374.89 $374.89 Lake water testing ‑ MDS
$96.30 $96.30 Total expenses $4,448.88 $11,160.83 $15,609.71 Balance $14,135.12
$6,053.42
$20,188.54 Bank balance ‑ Bank of Montreal as at Aug 31, 2003 $1,188.54 Variable rate GIC @ BMO (prime less 2.4 %) $9,000.00 accrued
interest (not recorded) to date $163.42 Cashable rate riser ‑ Yr I ‑ 2.35; Yr 2 ‑ 2,75; Yr 3
‑ 3.50
$10,000.00 accrued
interest (not recorded) to date $ 204.74 Prepared by Bob Worthy, BSRA Treasurer |