The CSA had both a tremendous as well as a very busy year! The Association was on the go throughout the year with the Extravaganzas, Winter Information Meetings and concluded the busy year with the Lifestyle Presentations.
Throughout this activity, the CSA finance committee and Board of Directors have been able to improve what had already been a strong financial position.
The audited financial statements, which are part of this annual report, show once again the positive position of the Association. The CSA has attained a surplus of $73,065.00 for 2002-2003.
The Association's net worth increased 14.9%. Membership fees were $548,540.00 for the year. I would like to thank the members for their commitment to the Association. The support of the membership has enabled the CSA to take on many issues that affect Canadian travellers.
The Special Action Fund's net worth declined by 1.26%. Donations totalled $90,045.00. Through the generosity of our members, the CSA has been able to make an impact on many important issues.
On behalf of the Association, I would like to thank all of our members for their continued support.
Don Gardiner, Treasurer
|
CANADIAN SNOWBIRD ASSOCIATION
Combined Statement of Operations
Year Ended October 31
(Expressed in Canadian Dollars)
|
|
2003 |
|
2002 |
 |
|
|
|
|
|
Operating
Fund |
|
Special
Action
Fund |
|
Total |
|
Total |
| Revenue |
|
|
|
|
|
|
|
|
| Membership Fees |
$ |
548,540 |
|
- |
$ |
548,540 |
$ |
507,581 |
| Insurance and benefit revenue |
|
400,409 |
|
- |
|
400,409 |
|
366,991 |
| Donations |
|
- |
|
90,045 |
|
90,045 |
|
97,064 |
| Interest |
|
7,463 |
|
12,571 |
|
20,034 |
|
13,002 |
| Product sales |
|
859 |
|
- |
|
859 |
|
876 |
|
|
|
957,271 |
|
102,616 |
|
1,059,887 |
|
985,514 |
|
| Expenses |
|
|
|
|
|
|
|
|
| Salaries and benefits |
|
247,051 |
|
- |
$ |
247,051 |
$ |
236,069 |
| Membership administration |
|
97,342 |
|
- |
|
97,342 |
|
79,606 |
| Postage |
|
95,843 |
|
- |
|
95,843 |
|
82,789 |
| Board and executive meetings |
|
87,808 |
|
- |
|
87,808 |
|
89,316 |
| Trade show |
|
76,244 |
|
- |
|
76,244 |
|
82,703 |
| Office administration and research |
|
62,162 |
|
3,779 |
|
65,941 |
|
53,213 |
| Informational meetings |
|
53,566 |
|
- |
|
53,566 |
|
38,156 |
| Annual general meeting |
|
44,436 |
|
- |
|
44,436 |
|
48,831 |
| Telephone |
|
30,809 |
|
- |
|
30,809 |
|
33,258 |
| Advertising and promotion |
|
23,539 |
|
8,558 |
|
32,097 |
|
28,296 |
| Special report - Special Action Fund |
|
- |
|
- |
|
- |
|
33,198 |
| Nouvelles "CSA" (French CSA News magazine) |
|
22,579 |
|
- |
|
22,579 |
|
- |
| Internet |
|
18,063 |
|
- |
|
18,063 |
|
18,063 |
| Amortization |
|
12,591 |
|
- |
|
12,591 |
|
17,689 |
| Legal |
|
8,173 |
|
5,000 |
|
13,173 |
|
12,600 |
| Accounting |
|
4,000 |
|
2,000 |
|
6,000 |
|
6,000 |
| Committee |
|
- |
|
5,941 |
|
5,941 |
|
10,692 |
| Research and development |
|
- |
|
51,838 |
|
51,838 |
|
52,361 |
| National Report Card |
|
- |
|
32,262 |
|
32,262 |
|
86,567 |
| Immigration and naturalization (US issue) |
|
- |
|
- |
|
- |
|
4,588 |
|
|
|
884,206 |
|
109,378 |
|
993,584 |
|
1,013,995 |
|
| Excess (deficiency) of revenue over expenses for the year |
$ |
73,065 |
|
(6,762) |
$ |
66,303 |
$ |
(28,481) |
|
|
|
PKFHill
|
PKF
|
|
|
