Treasurer’s Report / Rapport de la Trésoirère
50th Annual General Meeting / 50e Assemblée Générale Annuelle
Saturday May 13 2023 / le samedi le 13 mai 2023
In Person / En personne : Durham College, Oshawa Ontario
Virtual / virtuel : online / en ligne
OALT/ABO Financial Statement
December 31, 2022
| Year to date Jan. 1, 2022 to Dec. 31, 2022 |
Previous year to date Jan. 1, 2021 to Dec. 31, 2021 |
|
|---|---|---|
| Cash on hand – January 1, 2022 | 44,992.82 | – |
| Revenue: | ||
| Membership Fees 1 | 1,694.00 | 4,316.00 |
| Chapter Fees 2 | 198.00 | 430.00 |
| Conference 3 | 1,701.00 | 4,156.00 |
| Corporate Sponsorship | 0.00 | |
| Miscellaneous 4 | 63.67 | 8,378.66 |
| Total | 3,656.67 | 17,280.66 |
| Expenses: | ||
| Conference 5 | 785.73 | 1,062.08 |
| Chapter Expenses | ||
| Chapter Remittance 6 | 318.00 | 166.00 |
| Refunds/Return cheques 7 | 12.00 | 4,374.80 |
| Chapter Subsidy | 0.00 | 0.00 |
| Meeting Expenses | ||
| Socials, Rentals & Other Fees 8 | 1,258.80 | 452 |
| Travel/Parking 9 | 111.62 | 0.00 |
| Accommodation | 0.00 | 0.00 |
| General Business | ||
| Operating expenses | 0.00 | 48.57 |
| Banking fees 10 | 59.55 | 62.13 |
| Online banking fees 11 | 772.90 | 773.86 |
| Postage/Postal Box Rental12 | 576.45 | 839.94 |
| Website 13 | 1,303.87 | 759.72 |
| Professional Fees 14 | 1,048.68 | 865.08 |
| Awards/Presidential Gifts 15 | 350.00 | 76.78 |
| Total | 6,597.60 | 9,480.96 |
| Final Details: | ||
| Cash on hand – December 31, 2022 | 42,051.89 | – |
Halton-Peel Chapter $4,539.80
School Chapter $3,447.00
Toronto Chapter $7,433.10
Ottawa Chapter/Section d’Ottawa $18.00
Notes to the OALT/ABO Financial Statement
1/2 Membership fees received in 2022 were $1,694.00 and Chapter fees collected were $198.00.
3 Conference Income $1,701.00
4 Miscellaneous – We received income $63.67 from Eventbrite for 3 Lunch and Learn Sessions.
Total Revenue from 2022 : $3,656.67
5 Conference Expenses – Conference fees were $$785.73
6 Chapter Remittance – $318.00 was paid to Ottawa Chapter/Section d’Ottawa.
7 Refunds/Returned Cheques – $12.00 membership overpayment.
8 Socials and Rentals – OLA Exhibition Booth and OLA travel expenses $1,258.80.
9 Travel – Travel expenses of $111.62 were for Halton Peel.
10 Bank Fees – $59.55
11 Online Bank Fees – $772.90
12 Postage/Post box rental – $576.45 Canada Post Mail Forwarding Fees and Post Box rental
13 Website – Software and maintenance costs $1,303.87
14 Professional Fees – Insurance Policy for 2022 equals $1,048.68
15 Awards – Indigo gift cards for Board departures – $350.00
Total Expenses for 2022 : $6,597.60.
In 2022, the association had a loss of $2,940.93
Membership & Chapters
| Income | Details | Balances |
|---|---|---|
| Halton Peel 6 members |
Opening Balance Jan. 2022 | 4,635.42 |
| Chapter fees collected | 16.00 | |
| Chapter travel expense 2022 | -111.62 | |
| Balance as of Dec. 31, 2022 | 4,539.80 | |
| School 0 member |
Opening Balance Jan. 2022 | 3,477.00 |
| Chapter fees collected | 0.00 | |
| Balance as of Dec. 31, 2022 | 3,447.00 | |
| Toronto 9 members |
Opening Balance Jan. 2022 | 7,385.10 |
| Chapter fees collected | 48.00 | |
| Balance as of Dec. 31, 2022 | 7,433.10 |
Ottawa Chapter/Section d’Ottawa has 19 members.
*Note: The Ottawa Chapter/Section details can be found on their website, and was approved at their Chapter Annual General Meeting.
| 2022 | 2021 | 2020 |
|---|---|---|
| $1,694 received in membership fees
125 members total |
$4316.00 received in membership fees
151 members total |
$2,838.00 received in membership fees
115 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/