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Treasurer’s Report

Treasurer’s Report [PDF]

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45th Annual General Meeting / 45e Assemblée Générale Annuelle

Saturday May 05, 2018 / le samedi le 05 mai 2018
Travelodge Hotel
11 Bay Bridge Road
Belleville, ON K8P 3P6

Treasurer’s Report / Rapport de la Trésoière

OALT/ABO Financial Statement
December 31, 2017
Current
Oct. 1, 2017 to Dec. 31, 2017
Year to date
Jan. 1, 2017 to Dec. 31, 2017
Previous year to date
Jan. 1, 2016 to Dec. 31, 2016
Cash on hand – September 30, 2017 34,547.40
Revenue:
Membership Fees 1 1,030.80 3,816.80 6,496.80
Chapter Fees 280.00 710.00 984.00
Conference 0.00 10,561.00 10,788.29
Corporate Sponsorship 2 0.00 700.00 2,214.87
Miscellaneous 3 57.47 57.47 31.51
Total 4 1,368.27 15,845.27 20,515.47
Expenses:
Conference 0.00 9,170.94 13,209.74
Chapter Expenses
Chapter Remittance 5 0.00 562.00 578.00
Refunds/Return cheques 6 0.00 80.00 1,493.29
Chapter Subsidy 7 1,126.45 1,126.54 578.48
Meeting Expenses
Social, Rentals & other fees 0.00 0.00 240.01
Travel/Parking 8 0.00 277.12 982.46
Accommodation 0.00 0.00 483.71
Newsletter
Printing/copies 0.00 0.00 307.36
Postage 0.00 0.00 50.17
General Business
Operating expenses 9 356.95 390.56 0.00
Banking fees 15.48 57.01 53.29
Online banking fees 170.44 930.49 947.06
Postage/Postal Box Rental 514.24 514.24 484.71
Website 0.00 806.05 3,390.00
Professional Fees 10 0.00 808.92 808.92
Awards/Presidential Gifts 84.75 532.68 522.33
Total 11 2,268.31 15,256.46 24,129.47
Final Details:
Cash on hand – December 31, 2017 33,647.36
GIC 5,546.79
Total 39,194.15
School Chapter
December 31, 2017
Year to date
Jan. 1, 2017 to Dec. 31, 2017
Opening Balance – January 1, 2017 3,395.00
Revenue:
Chapter Remittance 20.00
Total 3,415.00
Toronto Chapter
December 31, 2017
Year to date
Jan. 1, 2017 to Dec. 31, 2017
Opening Balance – January 1, 2017 2,771.10
Revenue:
Chapter Remittance 110.00
Total 2,881.10

Notes to the OALT/ABO Financial Statement

The bank reconciliation form shows the actual bank balance for our fiscal year end of December 31, 2017 as being #33,647.36. There were no outstanding cheques at the end of the year. Profit of $588.81.

Bank Reconciliation
Bank Balance on Bank Statement 33,647.36
Add Income not recorded on statement
Deduct Outstanding Cheques
Cheque Number Amount
1
2
Total Outstanding Cheques
Ledger Balance $33,647.36

1 Membership fees are $3,816.80 and Chapter fees are $710.00.

2 Corporate sponsorship – from Algonquin College $500.00 and Mohawk College $200.00.

3 Miscellaneous – $57.54 from Ottawa Chapter/Section d’Ottawa microphone Lauren Parsons.

4 Total Revenue from 2017 $15,845.27.

5 Chapter Remittance – $366.00 was paid to Ottawa Chapter/Section d’Ottawa, $196.00 for Halton-Peel, $20.00 for School and $110.00 for the Toronto Chapter.

6 Refunds – were due to membership errors.

7 Chapter Subsidy – Ottawa Chapter/Section d’Ottawa speaker Lauren Parsons.

8 Travel/Parking – meetings

9 Operating Expenses – Photocopies, stamps, banners

10 Professional Fees – Association insurance.

11 Total Expenses for 2017 $15,256.46

Membership Statistics
2017 2016 2015
$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
$7,697.60 received in membership fees
136 individual members
23 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/