Treasurer’s Report / Rapport de la Trésoirère
52nd Annual General Meeting / 52e Assemblée Générale Annuelle
Saturday May 10, 2025 / le samedi le 10 mai 2025
Virtual / virtuel : online / en ligne
OALT/ABO Financial Statement
December 31, 2024
| Year to date Jan. 1, 2024 to Dec. 31, 2024 |
Previous year to date Jan. 1, 2023 to Dec. 31, 2023 |
|
|---|---|---|
| Cash on hand – January 1, 2024 | $34,697.47 | – |
| Revenue: | ||
| Membership Fees 1 | 2,869.00 | 3,100.00 |
| Chapter Fees 2 | 3,331.58 | 438.00 |
| Conference 3 | 5,770.00 | 4,413.75 |
| Corporate Sponsorship | 800.00 | 0.00 |
| Miscellaneous 4 | 0.00 | 0.19 |
| Total | 12,770.58 | 7,951.94 |
| Expenses: | ||
| Conference 5 | 5,165.36 | 8,348.56 |
| Chapter Expenses | ||
| Chapter Remittance 6 | 134.00 | 166.00 |
| Refunds/Return cheques 7 | 380.00 | 400.00 |
| Chapter Subsidy | 0.00 | 0.00 |
| Meeting Expenses | ||
| Socials, Rentals & Other Fees 8 | 474.36 | 1,244.46 |
| Travel/Parking 9 | 518.00 | 815.03 |
| Accommodation 10 | 789.85 | 794.70 |
| General Business | ||
| Operating expenses 11 | 811.23 | 8.00 |
| Banking fees12 | 168.56 | 51.38 |
| Online banking fees 13 | 833.25 | 912.90 |
| Postage/Postal Box Rental 14 | 555.68 | 230.52 |
| Website 15 | 0.00 | 1,053.77 |
| Professional Fees 16 | 994.68 | 994.68 |
| Awards/Presidential Gifts 17 | 22.60 | 474.88 |
| Total | 10,847.57 | 15,494.88 |
| Final Details: | ||
| Cash on hand – December 31, 2024 | 36,139.96 | – |
Halton-Peel Chapter $4,741.80
School Chapter $3,475.00
Toronto Chapter $7,613.10
Ottawa Chapter/Section d’Ottawa $3,001.58
Notes to the OALT/ABO Financial Statement
1/2 Membership fees received in 2024 were $2,869.00 and Chapter fees collected were $3,331.58. This year we rolled over the Ottawa Chapter/Section d’Ottawa account into the main association account. This leaves no additional bank accounts.
3 Conference Income $5,770.00
4 Miscellaneous – none
Total Revenue from 2024 : $12,770.58
5 Conference Expenses – Conference fees were $5,165.36
6 Chapter Remittance – $134.00 was paid to Ottawa Chapter/Section d’Ottawa. This was completed before bank account merge
7 Refunds/Returned Cheques – $380.00 for conference refunds.
8 Socials and Rentals – Association promotional materials for OLA SupreConference and swag $474.36
9 Travel – Travel expenses of $518 for OLA SuperConference.
10 Accommodations – OLA SuperConference $789.85
11 Operating Expenses – $811.23 for meetings, expenses and Website (software and maintenance). This has now been merged with line 15.
12 Bank Fees – $168.56
13 Online Bank Fees – $833.25
14 Postage/Post box rental – $555.68 Canada Post Mail Forwarding Fees and Post Box rental
15 Website – see line 11 above
16 Professional Fees – Insurance Policy for 2024 equals $994.68
17 Awards and Gift Cards – $22.60
Total Expenses for 2024 : $10,847.57.
In 2024, the association had a surplus of $1,923.01
Membership & Chapters
| Income | Details | Balances |
|---|---|---|
| Halton Peel | Opening Balance Jan. 2024 | 4,607.80 |
| Chapter fees collected | 134.00 | |
| Balance as of Dec. 31, 2024 | 4,741.80 | |
| School | Opening Balance Jan. 2024 | 3,467.00 |
| Chapter fees collected | 8.00 | |
| Balance as of Dec. 31, 2024 | 3,475.00 | |
| Toronto |
Opening Balance Jan. 2024 | 7,529.10 |
| Chapter fees collected | 84.00 | |
| Balance as of Dec. 31, 2024 | 7,613.10 | |
| Ottawa | Opening Balance Jan. 2024 | 50.00 |
| Chapter fees collected | 2,951.58 |
|
| Balance as of Dec. 31, 2024 | 3,001.58 |
| 2024 | 2023 | 2022 |
|---|---|---|
$ 2,869.00 received in membership fees
|
$ 2,572.00 received in membership fees
|
$ 3,138.00 received in membership fees
|
Respectfully submitted,
-Original signed by Emily Sullivan
Emily Sullivan
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/