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