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Wow - this has been a really heavy two months for expenses! Now that all the antenna work has been done on the Baden Hill, those expenses should all be behind us. With the renewal of the club's insurance policy, that should conclude all the large expenses for the fiscal year.
The remaining balance will trickle away with fixed costs (phone lines, bulletin printing, postage) over the remainder of the year but we should squeak by. However, we will not be in a position to contemplate any new capital projects for a while.
It's very fortunate that past executives had the foresight to put away a reserve in a GIC. It came in very handy this year! I, as your treasurer, hope that we will be able to create such a reserve again in short order.
Account summary since 09/20/2000 till 11/23/2000
| Balance Fwd September 20, 2000 | (revised) |
$ 4,055,05 |
| INCOME | ||
| Membership Fees |
$ 441.00 |
|
| Patch Fees |
$ 40.00 |
|
| 50/50 draw | $41.00 | |
| Income total | $ 522.00 | |
| EXPENSES | ||
| Postage |
$ 79.19 |
|
| Bulletin printing | $ 120.76 | |
| Bank Service charges | $ 8.64 | |
| KSR Phone patch line |
$ 50.26 |
|
| RCK Phone patch line | $ 47.24 | |
| KSR new equipment | $ 126.45 | |
| KSR repair expense | $ 2089.39 | |
| Insurance renewal | $ 759.24 | |
| Expense total | $ 3,281,17 | |
| Income less Expenses |
$ (2,729.17) |
|
| Balance as of November 23, 2000 |
$ 1,295,88 |
|
| COARF float | $ 700.00 |
de Dave VA3DGS, Treasurer, KWARC Inc.