[Finance] Financial Statements before AGM

[Zennon Gagne]

Does tuesday after 5 work?

On Thursday, October 23, 2014, Bill Newman <bill.newman at plumdee.ca> wrote:

>  Good idea.  Next week would be good, especially since the AGM is only 10
> days away.
>
>     The reports on the website are substantially correct.  But I have put
> updated versions at:
>
> http://bikewinnipeg.ca/BW-files/fin/YE2014/YE2014_BW_IncExp.pdf
> http://bikewinnipeg.ca/BW-files/fin/YE2014/YE2014_BW_Bal.pdf
>
> These are different in that $125 for AGM catering has been changed from an
> Acct/Pay to Donation income  (thanks Bev).  I have also removed the $20,000
> Bike to work day grant from Income and Expense since it was only a flow
> through.  I'm not sure if this is appropriate.  It was money that we
> neither earned nor spent.  But it would show up in an audit if one were
> done.  Perhaps a footnote?
>     Our 10% admin fee ($2,000) for Bike to work day is still there.
>
>     Other points to discuss are the level of detail that should be
> reported and better labels for various items.  There is also the overall
> $11,000 loss for the year which is largely staff expenses exceeding
> income.  But there are several special items like the new logo, and a $900
> write down on old T-shirt inventory and $870 for the Bike Valet founder.
>
>     My time is pretty much free next week except for Monday evening.
>     --Bill
>
> On 2014-10-21 14:34, Zennon Gagne wrote:
>
> Hi - Bill would you like to meet in the next two weeks (hopeuflly early
> next week) to finalize the financial statements before the AGM. I would
> like to sit with everyone and go through the statements and prepare the
> notes.
>
>  Zen
>
>
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