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.)
| Account | 2006-03-31
Balance |
|---|
| ASSETS | |
|---|
| Cash and Bank Accounts | |
|---|
| TD Canada Trust Chequing | 21,610.92 |
|---|
| PayPal Account | 8,285.13 |
|---|
| TOTAL Cash and Bank Accounts | 29,896.05 |
|---|
| Other Assets | |
|---|
| Accounts Receivable | 810.00 |
|---|
| Defence Fund | 3,068.39 |
|---|
| Endowment Fund | 10,500.00 |
|---|
| FAI Sporting Licences Account | 427.35 |
|---|
| Prepaid Expenses | 40,325.02 |
|---|
| TD Money Market GIC | 66,431.61 |
|---|
| TOTAL Other Assets | 121,562.37 |
|---|
| TOTAL ASSETS | 151,458.42 |
|---|
| LIABILITIES & EQUITY | |
|---|
| LIABILITIES | |
|---|
| Other Liabilities | |
|---|
| Accounts Payable | 0.00 |
|---|
| AHPA Payable | 1,875.00 |
|---|
| AQVL Payable | 810.00 |
|---|
| AYPH Payable | 45.00 |
|---|
| BCHPA Payable | 480.00 |
|---|
| HPAAC Payable | 30.00 |
|---|
| MHGA Payable | 25.00 |
|---|
| SHGA Payable | 525.00 |
|---|
| TOTAL Other Liabilities | 3,790.00 |
|---|
| TOTAL LIABILITIES | 3,790.00 |
|---|
| EQUITY | 147,668.42 |
|---|
| TOTAL LIABILITIES & EQUITY | 151,458.42 |
|---|
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 Description | 2004-04-01 -
2005-03-31 | 2005-04-01 -
2006-03-31 |
|---|
| INCOME | | |
|---|
| AIR Magazine Revenues | | |
|---|
| AIR Advertising | 2,581.62 | 1,959.11 |
|---|
| TOTAL AIR Magazine Revenues | 2,581.62 | 1,959.11 |
|---|
| Donation Revenue | 123.00 | 110.23 |
|---|
| Finance Charge | 0.00 | 25.00 |
|---|
| Grants Revenue | 0.00 | 750.00 |
|---|
| Insurance Documentation Fees | | |
|---|
| School Insurance Certificates | 3,035.00 | 1,585.00 |
|---|
| Site-Event Insurance Certificates | 200.00 | 230.00 |
|---|
| TOTAL Insurance Documentation Fees | 3,235.00 | 1,815.00 |
|---|
| Interest Inc | 30.42 | 696.76 |
|---|
| Member Sales & Services | | |
|---|
| Badges | 0.00 | 20.00 |
|---|
| FAI Sporting Licences | 1,101.26 | 1,100.00 |
|---|
| HOLC | 12.50 | 445.00 |
|---|
| IPPI Card Fees | 135.00 | 165.00 |
|---|
| Logbooks | 493.00 | 357.00 |
|---|
| Paraglider Magazine Subscriptions | 29.95 | 770.00 |
|---|
| Ratings | 1,590.00 | 1,360.00 |
|---|
| Records | 0.00 | 10.00 |
|---|
| TOTAL Member Sales & Services | 3,361.71 | 4,227.00 |
|---|
| Memberships | | |
|---|
| Associate Membership | | |
|---|
| AQVL | 23,861.00 | 22,470.00 |
|---|
| AQVL Optional AIR Magazine | 580.00 | 540.00 |
|---|
| TOTAL Associate Membership | 24,441.00 | 23,010.00 |
|---|
| Family Membership | | |
|---|
| AHPA | 749.00 | 428.00 |
|---|
| BCHPA & AYPH | 1,498.00 | 1,391.00 |
|---|
| OHPA | 321.00 | 428.00 |
|---|
| SHGA | 107.00 | 107.00 |
|---|
| TOTAL Family Membership | 2,675.00 | 2,354.00 |
|---|
| Full Membership | | |
|---|
| AHPA | 15,770.00 | 15,125.00 |
|---|
| AQVL | 0.00 | 2,033.00 |
|---|
| BCHPA & AYPH | 35,625.00 | 34,375.00 |
|---|
| Foreign | 624.08 | 250.00 |
|---|
| HPAAC | 2,375.00 | 2,750.00 |
|---|
| MHGA | 2,875.00 | 1,875.00 |
|---|
| OHPA | 13,250.00 | 13,250.00 |
|---|
| SHGA | 1,625.00 | 1,875.00 |
|---|
| TOTAL Full Membership | 72,144.08 | 71,533.00 |
|---|
| Optional Second Magazine | 0.00 | 320.00 |
|---|
| Temporary Memberships | 1,458.96 | 2,848.16 |
|---|
| TOTAL Memberships | 100,719.04 | 100,065.16 |
|---|
| Postage Charges | 0.00 | 25.00 |
|---|
| World Team Comp Fees | 650.00 | 900.00 |
|---|
| TOTAL INCOME | 110,700.79 | 110,573.26 |
|---|
| EXPENSES | | |
|---|
| Aero Club Of Canada | 4,995.00 | 4,495.00 |
|---|
| AIR Magazine Expenses | | |
|---|
| AIR Editor | 3,200.00 | 3,200.00 |
|---|
| AIR Mailing | 3,672.83 | 3,561.27 |
|---|
| AIR Printing | 4,838.19 | 4,281.39 |
|---|
| TOTAL AIR Magazine Expenses | 11,711.02 | 11,042.66 |
|---|
| Annual Directors' Meeting | 4,421.96 | 5,413.23 |
|---|
| Auditor Fees | 300.00 | 150.00 |
|---|
| Awards | | |
|---|
| Solid Ground Awards | 0.00 | 267.38 |
|---|
| TOTAL Awards | 0.00 | 267.38 |
|---|
| Banking Expenses | 53.40 | 0.00 |
|---|
| Cheque Orders | 0.00 | 18.03 |
|---|
| Interest Exp | 0.03 | 0.00 |
|---|
| Returned Cheques Charges | 0.00 | 15.00 |
|---|
| Service Charges | 0.00 | 48.10 |
|---|
| TOTAL Banking Expenses | 53.43 | 81.13 |
|---|
| Business Manager Salary | 17,842.25 | 15,408.00 |
|---|
| FAI Sporting Licences | 1,130.11 | 945.00 |
|---|
| Filing Fees | 0.00 | 116.71 |
|---|
| Insurance | 40,277.00 | 40,480.00 |
|---|
| IPPI Cards | 0.00 | 151.94 |
|---|
| Office Expense | 1,679.28 | 1,656.69 |
|---|
| OLC Online Contest Fees | 129.70 | 123.56 |
|---|
| Paraglider Magazine | 0.00 | 184.87 |
|---|
| PayPal Fees | 661.21 | 1,355.10 |
|---|
| Postage and Delivery | 356.81 | 645.01 |
|---|
| Safety | | |
|---|
| Documentation | 0.00 | 54.47 |
|---|
| TOTAL Safety | 0.00 | 54.47 |
|---|
| Web Hosting | 480.58 | 307.91 |
|---|
| World Team Funding | 1,850.00 | 0.00 |
|---|
| TOTAL EXPENSES | 85,888.35 | 82,878.66 |
|---|
| OVERALL TOTAL | 24,812.44 | 27,694.60 |
|---|
Note: The FAI Sporting Licences income and expense accounts will be reviewed at a later date.
Reviewed by: Evelyn Carruthers, B.Comm(Hons), CMA
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