by Dave Schwartz va3dgs@rac.ca

Hi there - sorry I missed the last deadline, but I hope to remedy that with this report. It may be a little long but its your money and you ought to know what we're doing with it!

I thought that since this is the first report since the fiscal year-end (which we do in the summer to coincide with the executive change), I'd report last year's full-year statement and then restart with the monthly update for what has happened between then and the date of this writing (September 19, 2000). So without further ado - I present last year's full-year ledger summary... This is exactly how it is reported from our online database (with a few heading lines removed to keep the length down).

Now, there are a few note-worthy items in that report, not the least of which is that we began the year with $1042.52 in the bank and ended it with $1493.86 so there was an apparent net increase in reserves of around $450. However, that is deceiving because the amount under 'other revenue sources' is a transfer from the WWPUG account that balances against the expense of the purchase of the weather station on their behalf which occurred just before the 1999 fiscal year-end. Had that been shown on the expenses, the result would have been a $550 decrease.

However, there were also some extraordinary expenses - we found out we were $350 in arrears on the Wing 404 rental (hey, if they don't send a bill, we can't pay it) in addition to the $250 paid for next year's hall rental. We also made a one-time donation of $250 to RAC's 'Defense of Amateur Radio Fund'. Discounting these non-recurring expenses, the year was almost neutral.

Of course, this excludes a $1000 GIC we had on deposit throughout the year and the $700 float in the COARF fund.

If anyone wants to see the excruciating details of what went into each of these summary numbers, I have complete chronological transaction and account activity detailed reports available for viewing at any meeting.

Anyway, on to this year and I'll revert to the table format that I have been using in the past. As you can see, the increase in account balance is considerable but that reflects the fact that 1) the 2000 fleamarket split has arrived (down 20% from last year - yikes!) 2) a large influx of renewals in the past two months and 3) our GIC has matured and is parked in the bank until the executive figures out whether to reinvest it (we're keeping it liquid right now because the total expenses to put the Baden Hill antennae back on the new CKCO tower is unknown).

Here's the data for between August 1 and September 19, 2000...

Account summary since 08/01/2000 till 09/19/2000