Ottawa Outdoor Club

Finances - Financial Report: Treasurer, Jane Jiang - 2017 AGM

 Table 1:  Statement of Operations for the Year Ended September 30, 2017

Ottawa Outdoor Club Financial Reports
Statement of Operations for the Year Ended September 30, 2017
October 1, 2016, to September 30, 2017 ($)
     
  2017 2016
Income    
  Membership Fees   7,200.00 7,382
  Non-membership Fees (2016:  includes equipment rental income) 1,602.00 1,454
  Equipment Rental Income 423.00  
  Total $ 9,225.00 8,836
         
Expense  
  Administration Postage and Post Office Box 404.66 202
    Office Supplies 157.69 561
    Bank Fees 101.71  
    PayPal Fees 312.89  
  Insurance   4,272.48 2,764
  Publicity Web Hosting 233.12 186
    Advertising 0.00 804
  Hospitality Recognition Dinner 624.00 746
    Annual BBQ 903.53 1,030
  Group Travel Subsidies 1,101.11 500
  Training and Development 338.39 291
  Exec Meetings & AGM 478.78 481
  Equipment Canoes 0.00 498
    Equipment 775.84 63
    Canoe Storage 1,800.00 1,800
  Total $ 11,504.20 9,926
Net Income $ (2,279.20) (1,090)

Notes

  1. Total income is $9,225  and total expense is $11,504.20.
  2. Net loss is ($2,279.20) and is attributed to insurance, group travel subsidies, and equipment.
  3. Year-end cash balance is $11,626.62.
  4. 2017 income is the gross income for membership, non-membership activity fees, and equipment rental income. Related 2017 PayPal fees are under PayPal Fees in Expense:Administration, while 2016 income is net of PayPal fees.
  5. "Group Travel Subsidies" includes $549 for Calabogie trip, $557.11 for Mt. Tremblant trip, and $5 income from Algonquin Observatory trip.

Table 2:  Cash Balance at September 30, 2017

Bank balance as of September 30, 2017 10,284.25
PayPal balance as of September 30, 2017 2,814.88
Total 13,099.13
Total outstanding cheques (2,122.34)
Total outstanding deposits 645.00
Total 11,621.79
Post-date adjustments (4.83)
Total 11,626.62

Notes:

  1. $US500.00 deposit for annual September trip to Rock and River in the Adirondacks.  This was initially paid by the OOC many years ago and has been rolled over in US funds at the end of each trip for the next year since then.  As a result, no exchange rate is attached to it, and it is tracked separately from the OOC's Canadian funds.  When this trip is terminated some year in the future, the deposit will be returned, and it will be converted into Canadian $, at which time that amount will be added to the balance.