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Overview 2004

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					Introduction
Below you will find a summary of the income and expenses of the Yenzi Boat Club for 2004. Although there is a small positive balance at the end of the year, it has to be realized that this was mainly due to the sales of some of our assets during the year (partly offset by the purchase of some new items). It is proposed not to increase the rates for the time being and monitor expenditure and income levels during Q1/2005. The budget for 2005 will be prepared by the new committee and is published in due course.

Edwin Blom YBC HSE and Finance 13/1/2005

Income
 All business income has been checked against SAP entries and is correct except for two business invoices which had not been paid; this is being corrected. The members income does not match with the spreadsheets provided by CFS/2 (listing the cheques credited). Jean Bindza is investigating. For the overviews I have used the incomes derived from our spreadsheet rather than SAP.
Yenzi boat club member days
30 25 20 15 10 5 0

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Au gu Se st pt em be r O ct ob er No ve m De be r ce m be r

Boat usage by members averaged 14.9 days per month against a plan of 17 days per month. The usage over the year by members is displayed in the graph.

Member days

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Yenzi boat club business hours
40 35 30 25 20 15 10 5 0

Business hours

Boat usage by business averaged 10 hours per month and generated an income of 10k$ against a plan of 7k$. The business usage over the year is displayed on the left hand graph. Most usage came from OLS and this is expected to reduce as they have now upgraded their fleet. Other users were CIT, HSE (one visitor trip) and TM (one visitor trip and one away-day trip). The income details per month are on the web (http://www.yenziboatclub.com) Income from sales was considerable higher than planned. Three boats and one 115HP engine were sold. It is planned to sell some 2-stroke back-up engines during Q1/2005. Shell Gabon contributed $5,000 annual budget (yenzi Club).

Expenditures
Expenses were considerably higher than planned; mainly due to the incident in November and the subsequent modifications of three boats (P2,3 and 4) by PSM. The modifications of P1 and P5 are being carried out and will be charged to 2005.

Other
There is a separate BICIG bank account for the YBC where received cheques etc. are booked. End 2004 there is still 9,000$ on the account but this may be revised once the cheques are sorted out (see above).

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Overview
Yenzi Boat Club 2004 finances
Item Carry over from 2003 Yenzi club contribution Rental income from business Rental income from members Fuel surcharges Fuel net charges Cleaning charges from members Sale of 115 HP engine to OLS Sale of PG099 to WWF Sale of PG100 Other income Total income Crane for fuelling Flight Fuel purchases Boat club attendant Web hosting Boat registration Parts and other costs Purchase of three 9.9HP backup engines Purchase of two 9.9HP engines Total out Delta $0 $39,969 $0.00 -$1,280 -$7,919 -$7,143 -$233 -$1,701 -$11,000 -$10,500 $0 -$39,775 $194 CFA 200,000 per boat per annum 350,000 CFA per month incl taxi To be discussed with OLS!! Two trips to PMS $12,000 Planned as lump-sum Plan $0 $5,000 $7,000 $5,204 $1,622 $7,919 $1,224 based on 12 bookings per month based on 17 boat days per month based on 17 boat days per month Comments Actual $0 $5,000 $10,204 $4,566 $1,424 $8,375 $978 $2,000 $8,421 $3,474 $3,895 $48,337 -$410 $0 -$10,182 -$7,507 -$231 -$2,340 -$12,834 -$9,000 -$5,110 -$47,614 $723 Combined with some other items in SAP Average 10 hours per month Averaged 14.9 days per month Averaged 42 ltrs per day rented by members @ 415 CFA / ltr Averaged 9.6 bookings per month To be booked in SAP Gerard Bos Boat Ernest Boucher PG954 to Gilbert Ibondji Comments


				
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