Treasurer’s Report / Rapport de la Trésoière
49th Annual General Meeting / 49e Assemblée Générale Annuelle
Saturday May 14, 2022 / le samedi le 14 mai 2022
online / en ligne
OALT/ABO Financial Statement
December 31, 2021
| Year to date Jan. 1, 2021 to Dec. 31, 2021 |
Previous year to date Jan. 1, 2020 to Dec. 31, 2020 |
|
|---|---|---|
| Cash on hand – December 31, 2020 | 37,299.65 | – |
| Revenue: | ||
| Membership Fees 1 | 4,316.00 | 2,850.00 |
| Chapter Fees 2 | 430.00 | 406.00 |
| Conference 3 | 4,156.00 | 1,480.00 |
| Corporate Sponsorship | 0.00 | |
| Miscellaneous 4 | 8,378.66 | 4,421.50 |
| Total | 17,280.66 | 9,157.50 |
| Expenses: | ||
| Conference 5 | 1,062.08 | 1,875.00 |
| Chapter Expenses | ||
| Chapter Remittance 6 | 166.00 | 172.00 |
| Refunds/Return cheques 7 | 4,374.80 | 20.00 |
| Chapter Subsidy | 0.00 | 0.00 |
| Meeting Expenses | ||
| Socials, Rentals & Other Fees 8 | 452.00 | 162.66 |
| Travel/Parking | 0.00 | 826.00 |
| Accommodation | 0.00 | 633.96 |
| General Business | ||
| Operating expenses 9 | 48.57 | 0.00 |
| Banking fees 10 | 62.13 | 35.27 |
| Online banking fees 11 | 773.86 | 706.16 |
| Postage/Postal Box Rental12 | 839.94 | 224.87 |
| Website 13 | 759.72 | 484.77 |
| Professional Fees 14 | 865.08 | 1,730.16 |
| Awards/Presidential Gifts 15 | 76.78 | 0.00 |
| Total | 9,480.96 | 6,850.85 |
| Final Details: | ||
| Cash on hand – December 31, 2021 | 44,992.82 | – |
Halton-Peel Chapter $4,635.42
School Chapter $3,447.00
Toronto Chapter $7,385.10
Ottawa Chapter/Section d’Ottawa $2,291.58
Notes to the OALT/ABO Financial Statement
1/2 Membership fees received in 2021 were $4,316.00 and Chapter fees collected were $430.00.
3 Conference Income $4,156.00
4 Miscellaneous – Toronto Chapter funds have been recovered. A cheque for $4,232.80 was sent to OALT/ABO on advise from the CIBC website. The cheque bounced because the account was in the processing of becoming dormant. The former member was able to go to their local branch and make arrangements to close the account and transfer the balance mins the bank fees to OALT/ABO. $4,088.00 has been added to the Toronto Chapter Funds. We received income of $57.86 from Event for Lunch and Learn sessions.
Total Revenue from 2021 : $17,280.66
5 Conference Expenses – Conference fees were $$1,062.08
6 Chapter Remittance – $166.00 was paid to Ottawa Chapter/Section d’Ottawa.
7 Refunds/Returned Cheques – $4,374.80 This amount consists of the returned Toronto Chapter cheque of $4,232.80, a $60.00 conference refund and a $20.00 membership over payment.
8 Socials and Rentals – OLA Exhibition Booth $452.00.
9 Operating Expenses – 48.57 for stamps and printer ink.
10 Bank Fees – $62.13
11 Online Bank Fees – $773.86
12 Postage/Post box rental – $839.94 Canada Post Mail Forwarding Fees for 2020 and 2021 and Post Box rental
13 Website – Software and maintenance costs $759.72
14 Professional Fees – Insurance Policy for 2021 equals $865.08
15 Awards – Plaque $76.78
Total Expenses for 2021 : $9,480.96.
In 2021, the association made a profit of $3,711.70
Membership & Chapters
| Income | Details | Balances |
|---|---|---|
| Halton Peel 6 members |
Opening Balance Jan. 2021 | 4,531.42 |
| Chapter fees collected | 104.00 | |
| Balance as of Dec. 31, 2021 | 4,635.42 | |
| School 1 member |
Opening Balance Jan. 2021 | 3,439.00 |
| Chapter fees collected | 8.00 | |
| Balance as of Dec. 31, 2021 | 3,447.00 | |
| Toronto 12 members |
Opening Balance Jan. 2021 | 3,185.10 |
| Chapter fees collected | 112.00 | |
| Funds recovered | 4,088.00 | |
| Balance as of Dec. 31, 2021 | 7,385.10 |
Ottawa Chapter/Section d’Ottawa has 16 members and a bank balance of $2,291.58
*Note: The Ottawa Chapter/Section details can be found on their website, and was approved at their Chapter Annual General Meeting.
| 2021 | 2020 | 2019 |
|---|---|---|
| $4316.00 received in membership fees
151 members total |
$2,838.00 received in membership fees
115 members total |
$3,5180.00 received in membership fees
138 members total |
Respectfully submitted,
-Original signed by Lori O’Connor
Lori O’Connor
Treasurer, Board of Directors | Trésoière, Conseil d’administration
Ontario Association of Library Technicians/Association des bibliotechniciens de l’Ontario
info@oaltabo.on.ca | https://oaltabo.on.ca/