Treasurer’s Report / Rapport de la Trésoière
46th Annual General Meeting / 46e Assemblée Générale Annuelle
Saturday May 04, 2019 / le samedi le 04 mai 2019
Best Western Cairncroft
6400 Lundy’s Ln
Niagara Falls, Ontario L2G 1T6
OALT/ABO Financial Statement
December 31, 2018
| Year to date Jan. 1, 2018 to Dec. 31, 2018 |
Previous year to date Jan. 1, 2017 to Dec. 31, 2017 |
|
|---|---|---|
| Cash on hand – December 31, 2018 | 33,647.36 | – |
| Revenue: | ||
| Membership Fees 1 | 4,318.00 | 3,816.80 |
| Chapter Fees | 572.00 | 710.00 |
| Conference | 8,475.75 | 10,561.00 |
| Corporate Sponsorship 2 | 1,700.00 | 700.00 |
| Miscellaneous 3 | 6,149.51 | 57.47 |
| Total 4 | 21,215.26 | 15,845.27 |
| Expenses: | ||
| Conference | 9,633.93 | 9,170.94 |
| Chapter Expenses | ||
| Chapter Remittance 5 | 592.00 | 562.00 |
| Refunds/Return cheques 6 | 150.00 | 80.00 |
| Chapter Subsidy 7 | 623.75 | 1,126.54 |
| Meeting Expenses | ||
| Rentals, Promotional items, etc. | 3,279.52 | 0.00 |
| Travel/Parking 8 | 884.20 | 277.12 |
| Accommodation | 0.00 | 0.00 |
| General Business | ||
| Operating expenses 9 | 198.56 | 390.56 |
| Banking fees | 68.64 | 57.01 |
| Online banking fees | 920.67 | 930.49 |
| Postage/Postal Box Rental | 602.57 | 514.24 |
| Website | 271.14 | 806.05 |
| Professional Fees 10 | 1,159.22 | 808.92 |
| Awards/Presidential Gifts | 470.67 | 532.68 |
| Total 11 | 18,854.87 | 15,256.46 |
| Final Details: | ||
| Cash on hand – December 31, 2018 | 36,007.75 | – |
| Year to date Jan. 1, 2018 to Dec. 31, 2018 |
|||
|---|---|---|---|
| Opening Balance – January 1, 2018 | 3,415.00 | ||
| Revenue: | |||
| Chapter Remittance | 8.00 | ||
| Total | 3,423.00 | ||
| Year to date Jan. 1, 2018 to Dec. 31, 2018 |
|||
|---|---|---|---|
| Opening Balance – January 1, 2018 | 2,881.10 | ||
| Revenue: | |||
| Chapter Remittance | 124.00 | ||
| Total | 3,005.10 | ||
Notes to the OALT/ABO Financial Statement
The bank reconciliation form shows the actual bank balance for our fiscal year end of December 31, 2018 as being $6,007.75. There were to outstanding cheques at the end of the year We made a profit of $2,360.39 in 2018.
| Bank Balance on Bank Statement | 36,279.74 | |||
| Add | Income not recorded on statement | – | ||
| Deduct | Outstanding Cheques | – | ||
| Cheque Number | Amount | |||
| 1 | 481 | $156.00 | Halton Peel | |
| 2 | 501 | $115.99 | OLA Travel | |
| Total Outstanding Cheques | $291.99 | |||
| Ledger Balance | $36,007.75 | |||
1 Membership fees are $4,318.00 and Chapter fees are $572.00.
2 Corporate sponsorship – from Alberta College $500.00, Mohawk College $200.00, Halton-Peel Chapter $500.00 and Seneca College $500.00.
3 Miscellaneous – $5,521.35 is from our GIC, which had matured and has been deposited into our chequing account. $58.00 is from the Ottawa Chapter/Section d’Ottawa cruise event. $570.16 is a refund from the Hotel for Conference
4 Total Revenue from 2018 : $21, 215.26.
5 Chapter Remittance – $362.00 was paid to Ottawa Chapter/Section d’Ottawa, $220.00 for Halton-Peel, $8.00 for School and $124.00 for the Toronto Chapter.
6 Refunds – were due to duplicate entries by members.
7 Chapter Subsidy – $633.75 Ottawa Chapter/Section d<Ottawa
$58.00 cruise fees
$565.75 Meet and Greet catering
8 Travel/Parking – meetings
9 Operating Expenses – Business cards, Photocopies, Stamps
10 Professional Fees – Association insurance.
11 Total Expenses for 2018 : $18,854.87.
| 2018 | 2017 | 2016 |
|---|---|---|
| $4,8900 received in membership fees 127 individual members 35 group members. |
$4,526.80 received in membership fees 104 individual members 57 group members |
$7,464.80 received in membership fees 144 individual members 71 group members |
Respectfully submitted,
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/