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