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HPAC/ACVL Balance Sheet

As of 2006-03-31 (in Canadian Dollars) (Cash Basis)

2006-07-31Page 1 of 1

(Click here for a PDF version.)


Account2006-03-31
Balance
ASSETS
Cash and Bank Accounts
TD Canada Trust Chequing21,610.92
PayPal Account8,285.13
TOTAL Cash and Bank Accounts29,896.05
Other Assets
Accounts Receivable810.00
Defence Fund3,068.39
Endowment Fund10,500.00
FAI Sporting Licences Account427.35
Prepaid Expenses40,325.02
TD Money Market GIC66,431.61
TOTAL Other Assets121,562.37
TOTAL ASSETS151,458.42
LIABILITIES & EQUITY
LIABILITIES
Other Liabilities
Accounts Payable0.00
AHPA Payable1,875.00
AQVL Payable810.00
AYPH Payable45.00
BCHPA Payable480.00
HPAAC Payable30.00
MHGA Payable25.00
SHGA Payable525.00
TOTAL Other Liabilities3,790.00
TOTAL LIABILITIES3,790.00
EQUITY147,668.42
TOTAL LIABILITIES & EQUITY151,458.42

Note: The FAI Sporting Licences Account will be reviewed at a later date.

Reviewed by: Evelyn Carruthers, B.Comm(Hons), CMA





HPAC/ACVL Profit & Loss Comparison

2004-04-01 through 2006-03-31 (in Canadian Dollars) (Cash Basis)

2006-07-31Page 1 of 1

(Click here for a PDF version.)


Category Description2004-04-01 -
2005-03-31
2005-04-01 -
2006-03-31
INCOME
AIR Magazine Revenues
AIR Advertising2,581.621,959.11
TOTAL AIR Magazine Revenues2,581.621,959.11
Donation Revenue123.00110.23
Finance Charge0.0025.00
Grants Revenue0.00750.00
Insurance Documentation Fees
School Insurance Certificates3,035.001,585.00
Site-Event Insurance Certificates200.00230.00
TOTAL Insurance Documentation Fees3,235.001,815.00
Interest Inc30.42696.76
Member Sales & Services
Badges0.0020.00
FAI Sporting Licences1,101.261,100.00
HOLC12.50445.00
IPPI Card Fees135.00165.00
Logbooks493.00357.00
Paraglider Magazine Subscriptions29.95770.00
Ratings1,590.001,360.00
Records0.0010.00
TOTAL Member Sales & Services3,361.714,227.00
Memberships
Associate Membership
AQVL23,861.0022,470.00
AQVL Optional AIR Magazine580.00540.00
TOTAL Associate Membership24,441.0023,010.00
Family Membership
AHPA749.00428.00
BCHPA & AYPH1,498.001,391.00
OHPA321.00428.00
SHGA107.00107.00
TOTAL Family Membership2,675.002,354.00
Full Membership
AHPA15,770.0015,125.00
AQVL0.002,033.00
BCHPA & AYPH35,625.0034,375.00
Foreign624.08250.00
HPAAC2,375.002,750.00
MHGA2,875.001,875.00
OHPA13,250.0013,250.00
SHGA1,625.001,875.00
TOTAL Full Membership72,144.0871,533.00
Optional Second Magazine0.00320.00
Temporary Memberships1,458.962,848.16
TOTAL Memberships100,719.04100,065.16
Postage Charges0.0025.00
World Team Comp Fees650.00900.00
TOTAL INCOME110,700.79110,573.26
EXPENSES
Aero Club Of Canada4,995.004,495.00
AIR Magazine Expenses
AIR Editor3,200.003,200.00
AIR Mailing3,672.833,561.27
AIR Printing4,838.194,281.39
TOTAL AIR Magazine Expenses11,711.0211,042.66
Annual Directors' Meeting4,421.965,413.23
Auditor Fees300.00150.00
Awards
Solid Ground Awards0.00267.38
TOTAL Awards0.00267.38
Banking Expenses53.400.00
Cheque Orders0.0018.03
Interest Exp0.030.00
Returned Cheques Charges0.0015.00
Service Charges0.0048.10
TOTAL Banking Expenses53.4381.13
Business Manager Salary17,842.2515,408.00
FAI Sporting Licences1,130.11945.00
Filing Fees0.00116.71
Insurance40,277.0040,480.00
IPPI Cards0.00151.94
Office Expense1,679.281,656.69
OLC Online Contest Fees129.70123.56
Paraglider Magazine0.00184.87
PayPal Fees661.211,355.10
Postage and Delivery356.81645.01
Safety
Documentation0.0054.47
TOTAL Safety0.0054.47
Web Hosting480.58307.91
World Team Funding1,850.000.00
TOTAL EXPENSES85,888.3582,878.66
OVERALL TOTAL24,812.4427,694.60

Note: The FAI Sporting Licences income and expense accounts will be reviewed at a later date.

Reviewed by: Evelyn Carruthers, B.Comm(Hons), CMA

Aug 1 2013   Top Top