Please note - financial statements are not audited
Financial statements are subject to change
Finanical statements are reconciled with our bank
statements as of Sept 30, 2011.
Toronto Windsurfing Club 8:45 PM
Profit & Loss Budget Performance 10/24/2011
January through October 24 2011 Accrual Basis
Jan - Oct 11 Annual Budget
Ordinary Income/Expense
Income
0300 · Members' fees
0301 · Member's Fees - Dues/Storage 83,435.35 78,000.00
0537 · Overpayment (253.01)
Total 0300 · Members' fees 83,182.34 78,000.00
0320 · Event and Lesson Income
0307 · Kids Camp 4,383.59 5,000.00
0308 · Misc. Income 6,163.77 1,500.00
0309 · Lesson Fees 15,984.82 14,000.00
0560 · Mammoth Marathon Fees Collected 3,282.98 2,300.00
0562 · Merchandise sales 725.00
0579 · AGM Fees for guests 0.00 200.00
8020 · Sales to members 750.00 0.00
Total 0320 · Event and Lesson Income 31,290.16 23,000.00
Total Income 114,472.50 101,000.00
Expense
0635 · Advertising&Directors' Meetings
0540 · Admin/Promotion Other Expenses 615.17 500.00
0581 · Directors Meetings 687.27 1,200.00
Total 0635 · Advertising&Directors' Meetings 1,302.44 1,700.00
0573 · Annual General Meeting 270.00 5,000.00
0539 · Clinics and instruction
0544 · Clinics 176.99 100.00
0543 · Beginner Instruction Program 4,672.00 8,000.00
0743 · Instructor Certification 1,545.61 2,500.00
0746 · Repairs - Learn to Windsurf 1,413.26 1,500.00
0780 · Kids Camp 5,045.00 5,000.00
Total 0539 · Clinics and instruction 12,852.86 17,100.00
0574 · Dues and memberships 967.00 600.00
0660 · Event expenses
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Jan - Oct 11 Annual Budget
0530 · Special Events 53.85
0567 · SpringBoard expenses 0.00 300.00
0569 · OSA Race 66.37 100.00
0575 · Marathon 4,806.91 4,500.00
0586 · Weekly Races 1,219.89 1,000.00
Total 0660 · Event expenses 6,147.02 5,900.00
0687 · Grounds Maintenance
0588 · Club House 107.98 500.00
0589 · Containers 100.17 500.00
0590 · Grounds 354.00 600.00
0597 · Toilet 2,751.32 3,000.00
0598 · Gas 233.28 350.00
0687 · Grounds Maintenance - Other 411.12
Total 0687 · Grounds Maintenance 3,957.87 4,950.00
0661 · Insurance
0558 · Directors E&O insurance 3,567.82 3,500.00
0591 · Comprehensive Insurance 0.00 2,800.00
Total 0661 · Insurance 3,567.82 6,300.00
0697 · Interest and Bank Charges
0603 · Paypal fees 1,525.50 1,350.00
0549 · Bank Charges 37.07 250.00
Total 0697 · Interest and Bank Charges 1,562.57 1,600.00
0557 · Legal and Accounting 34,792.58 40,000.00
0663 · Office and administration
0587 · Office Supplies 572.81 500.00
0602 · Other Expenses 441.50 500.00
Total 0663 · Office and administration 1,014.31 1,000.00
0592 · Opening & Closing -Locks & Keys 3,888.00 5,000.00
0694 · Property Taxes & Shared Expense
0593 · OHSF 1,557.57 1,800.00
0695 · Site Lease 2,250.09 2,200.00
0594 · Property Tax 243.49 1,200.00
Total 0694 · Property Taxes & Shared Expense 4,051.15 5,200.00
0595 · Club Boat Expenses 0.00 500.00
0696 · Utilities
0621 · Water Cooler 326.35 300.00
0596 · Telephone 584.60 900.00
0620 · Toronto Hydro 1,026.95 1,300.00
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Jan - Oct 11 Annual Budget
0622 · Web-cam 0.00 800.00
Total 0696 · Utilities 1,937.90 3,300.00
Total Expense 76,311.52 98,150.00
Net Ordinary Income 38,160.98 2,850.00
Other Income/Expense
Other Income
0800 · Other Income - Interest
0303 · Interest 123.75
0800 · Other Income - Interest - Other 19.50
Total 0800 · Other Income - Interest 143.25
Total Other Income 143.25
Net Other Income 143.25 0.00
Net Income 38,304.23 2,850.00
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