Treasurer’s Report / Rapport de la Trésoirère
51st Annual General Meeting / 51e Assemblée Générale Annuelle
Saturday May 24 2024 / le samedi le 24 mai 2024
Virtual / virtuel : online / en ligne
OALT/ABO Financial Statement
December 31, 2023
| Year to date Jan. 1, 2023 to Dec. 31, 2023 |
Previous year to date Jan. 1, 2022 to Dec. 31, 2022 |
|
|---|---|---|
| Cash on hand – January 1, 2023 | 41,751.89 | – |
| Revenue: | ||
| Membership Fees 1 | 3,100.00 | 1,694.00 |
| Chapter Fees 2 | 438.00 | 198.00 |
| Conference 3 | 4,413.75 | 1,701.00 |
| Corporate Sponsorship | 0.00 | 0.00 |
| Miscellaneous 4 | 0.19 | 63.67 |
| Total | 7,951.94 | 3,656.67 |
| Expenses: | ||
| Conference 5 | 8,348.56 | 785.73 |
| Chapter Expenses | ||
| Chapter Remittance 6 | 166.00 | 318.00 |
| Refunds/Return cheques 7 | 400.00 | 12.00 |
| Chapter Subsidy | 0.00 | 0.00 |
| Meeting Expenses | ||
| Socials, Rentals & Other Fees 8 | 1,244.46 | 1,258.80 |
| Travel/Parking 9 | 815.03 | 111.62 |
| Accommodation 10 | 794.70 | 0.00 |
| General Business | ||
| Operating expenses 11 | 8.00 | 0.00 |
| Banking fees12 | 51.38 | 59.55 |
| Online banking fees 13 | 912.90 | 772.90 |
| Postage/Postal Box Rental 14 | 230.52 | 576.45 |
| Website 15 | 1,053.77 | 1,303.87 |
| Professional Fees 16 | 994.68 | 1,048.68 |
| Awards/Presidential Gifts 17 | 474.88 | 350.00 |
| Total | 15,494.88 | 6,597.60 |
| Final Details: | ||
| Cash on hand – December 31, 2023 | 34,206.95 | – |
Halton-Peel Chapter $4,607.80
School Chapter $3,467.00
Toronto Chapter $7,529.10
Ottawa Chapter/Section d’Ottawa $50.00
Notes to the OALT/ABO Financial Statement
1/2 Membership fees received in 2023 were $3,100.00 and Chapter fees collected were $438.00.
3 Conference Income $4,413.75
4 Miscellaneous – We received income $0.19 for VISA reimbursement.
Total Revenue from 2023 : $7,951.94
5 Conference Expenses – Conference fees were $8,348.56
6 Chapter Remittance – $166.00 was paid to Ottawa Chapter/Section d’Ottawa.
7 Refunds/Returned Cheques – $400.00 for Polo shirts refund and membership overpayment.
8 Socials and Rentals – OLA Exhibition Booth and swag $1,244.46.
9 Travel – Travel expenses of $815.03 for OLA SuperConference and Seneca College event.
10 Accommodations – OLA SuperConference $794.70
11 Operating Expenses – Ontario Entity Profile Report – $8.00
12 Bank Fees – $53.38
13 Online Bank Fees – $912.90
14 Postage/Post box rental – $230.52 Canada Post Mail Forwarding Fees and Post Box rental
15 Website – Software and maintenance costs $1,053.77
16 Professional Fees – Insurance Policy for 2023 equals $994.68
17 Awards and Gift Cards – $474.88
Total Expenses for 2023 : $15,494.88.
In 2023, the association had a loss of $7,542.94
Membership & Chapters
| Income | Details | Balances |
|---|---|---|
| Halton Peel 9 members |
Opening Balance Jan. 2023 | 4,539.80 |
| Chapter fees collected | 108.00 | |
| Balance as of Dec. 31, 2022 | 4,647.80 | |
| School 2 members |
Opening Balance Jan. 2023 | 3,447.00 |
| Chapter fees collected | 20.00 | |
| Balance as of Dec. 31, 2023 | 3,475.00 | |
| Toronto 10 members |
Opening Balance Jan. 2023 | 7,433.10 |
| Chapter fees collected | 104.00 | |
| Balance as of Dec. 31, 2023 | 7,537.10 |
Ottawa Chapter/Section d’Ottawa has 16 members.
*Note: The Ottawa Chapter/Section details can be found on their website, and was approved at their Chapter Annual General Meeting.
| 2023 | 2022 | 2021 |
|---|---|---|
$ 2,572.00 received in membership fees
|
$ 3,138.00 received in membership fees
|
$ 4,316.00 received in membership fees
|
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/