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Gerry Brissenden CSA Treasurer |
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Despite a depreciating dollar and a slowing economy, the CSA finance committee and board of directors have maintained a strong financial position for the association.
These audited financial statements prepared by PKF Hill Chartered Accountants report, once again, that the CSA is on positive financial ground. We have attained a surplus budget of $3,396.00 for 2000/2001.
According to our operating fund, the net worth of the association has increased by one per cent and our membership fees totalled $425,000.00 at the close of our fiscal year. Our sincere thanks are extended to those who have renewed their commitment to the association, and to those who have joined for the first time.
Our advocacy initiatives depend solely on the financial resources in our Special Action Fund (SAF). Your generosity has resulted in an eight per cent increase in this fund over last year. As you will read in this edition of CSA News, there are numerous advocacy issues with which we will be dealing in the coming months.
Thank you for your continued support of the CSA.
Gerry Brissenden
CSA Treasurer
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Financial Report
CANADIAN SNOWBIRD ASSOCIATION INC. Combined Statement of Operations Year ended October 31, 2001 (Expressed in Canadian Dollars) |
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| 2001 | 2000 | |||
| Revenue |
Operating
Fund |
Special
Action Fund |
Total
|
Total
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| Membership fees | $ 424,710 | - | $ 424,710 | $ 455,059 |
| Insurance and benefit revenue | 349,884 | - | 349,884 | 314,752 |
| Donations | - | 104,806 | 104,806 | 132,219 |
| Interest | 10,927 | 25,196 | 36,123 | 30,748 |
| Product sales | 1,076 | - | 1,076 | 1,539 |
| 786,597 | 130,002 | 916,599 | 934,317 | |
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Expenses
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| Salaries and benefits | 219,396 | - | 219,396 | 183,358 |
| Board and executive meetings | 93,909 | - | 93,909 | 104,602 |
| Membership administration | 88,873 | - | 88,873 | 86,404 |
| Trade show | 81,775 | - | 81,775 | 73,777 |
| Postage | 80,187 | - | 80,187 | 72,217 |
| Office administration and research | 46,543 | - | 46,543 | 54,024 |
| Annual general meeting | 45,118 | - | 45,118 | 43,500 |
| Telephone | 31,055 | - | 31,055 | 31,244 |
| Legal | 4,622 | 12,363 | 16,985 | 30,689 |
| CSA informational meetings | 33,979 | - | 33,979 | 19,806 |
| Advertising and promotion | 13,077 | - | 13,077 | 19,545 |
| Internet | 18,063 | - | 18,063 | 18,063 |
| Research and development | - | 48,344 | 48,344 | 17,120 |
| Accounting | 4,110 | 2,000 | 6,110 | 15,219 |
| Depreciation and amortization | 15,583 | - | 15,583 | 14,895 |
| Committee and meetings | - | 10,433 | 10,433 | 5,580 |
| Board election | 5,000 | - | 5,000 | 5,000 |
| Awareness campaign | - | 9,267 | 9,267 | 3,021 |
| Miscellaneous | 1,911 | 398 | 2,309 | 2,280 |
| 783,201 | 82,805 | 866,006 | 800,344 | |
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Excess of revenue over expenses for the year
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$ 3,396
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47,197
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$ 50,593
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$ 133,973
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