Download - Come paddle with us! Embarquez avec nous!
Spring Business Meeting 18 March 2014
Recreation Association Canoe Camping ClubWWW.RACCC.CA
Come paddle with us! Embarquez avec nous!
RACCC Financial Report
Club fiscal year April – March, RA fiscal year Sept – August◦ Two club years address one RA year
Operating vs. Capital budgets ◦ Per private sector◦ RA expects min 10% “contribution”, i.e. operating income◦ RA budgets min $3000/year capital investment
Club savings held by NCR YMCA-YWCA◦ Being extracted gradually
Recreation Association Canoe Camping Club WWW.RACCC.CA
Actual Notes
(Adult) Members 391
Membership fee $15
Rental fees WW: $20, FW UL: $15, FW: $10, SK: $15
Projected Revenue $29,000
Projected Contribution $2,900
Boathouse Costs $9-10,000 By August
Canoes: WW(RA + club)
$3,300, less $1100(?) Sales 2 WW Moise Rx, less 2 Canyons
Canoes: FW(RA + club)
$5,300, less $1000(?) Sales 2 FW Quetico 17 (delivery Spring 2014), less 2 tandem
Recreation Association Canoe Camping Club WWW.RACCC.CA
Budget Notes
(Adult) Members 350
Membership fee $15 Unchanged, approved
Rental fees WW: $20, FW UL: $15, FW: $10, SK: $10
Unchanged (ex. SK), approved
Budgeted Revenue $30,000
Budgeted Contribution $3,000 10%
Boathouse $0
Canoes: WW*(RA + club)
$2,700, less $1100(?) sales 2 solo?, less 1solo?
Canoes: FW*(RA + club)
$8,200, less sales 3 tandem, less up to 3
* Capital funds will not be available until September. Decisions tabled until then.
Recreation Association Canoe Camping Club WWW.RACCC.CA
Budget Notes
(Adult) Members 350
Membership fee $15 Unchanged, recommended
Rental fees WW: $20, FW UL: $15, FW: $10, SK: $10
Unchanged, recommended
Budgeted Revenue $30,000
Budgeted Contribution $3,700 13%
Boathouse $0
Canoes: WW*(RA + club)
TBD
Canoes: FW*(RA + club)
TBD
* RA funds will not be available until September. Club savings: TBD
Recreation Association Canoe Camping Club WWW.RACCC.CA
Zone 4 (2012) $39,000
Opening balance (Oct 2012) $67,000
Transferred to date $37,000
Balance at the YMCA-YWCA $30,000
Projected close date August 2015
Boathouse budget $71K (RACCC $58K, RA $13K)*
Boathouse paid $58K
Boathouse available funds for fit-up $9-10K
* RA absorbs any further overrun
Recreation Association Canoe Camping Club WWW.RACCC.CA