Our revenues for the year were very close to the budgeted amount of $9600.00 at an actual amount of $9660.00.
Our expenditures were under-budget with a total of $8805.00. Individual budget areas varied from the budgeted amounts as shown on the attached financial statement.
One great variation was that the Club Executive made a decision to sponsor Wilderness First Aid training for 6 club members who frequently lead trips, as a valuable investment in the development of leaders in our club. Funds for this were authorized as an addition to the budget from reserve funds.
Another large discrepancy with the projected budget was that the online membership and payment project was not invoiced for this year. The same amount was projected into the 2014 budget. Because of this, we did not actually have to draw on reserve funds in this budget year.
Online payments for membership and day trip fees have streamlined our deposits, beginning at the end of April 2013. This year 52 members paid membership fees using PayPal since April. It is anticipated that more members will use PayPal in the coming year, so the projected revenue has been decreased accordingly.
The projected 2014 budget was set as shown with changes to reflect amounts where we varied from the 2013 budget.
Of note is that the executive recommends we budget $3000.00 for training and development to be funded from reserve funds for the coming year. It has been several years since we have conducted leadership training, and it has been noted by several co-ordinators that it is difficult now to find trip leaders. Hopefully an investment in training will help members feel more confident to take on these roles.
Our reserve fund as of September 30, 2013 was $14,753.39. Funds for training would have us needing to draw $2875.00 from this fund for the 2014 budget year.
It has been my pleasure to serve as treasurer this year. I have learned much and will again let my name stand for treasurer.