[Finance] Bike Valet Year End Reports

[Jeremy Hull]

I have a couple of questions/.comments about the BVW financail statement.
I am assuming that the list of capital assets represents the depreciated
value of those assets.  I'm not sure that the signs still have much value
because the sponsors on them are no longer valid and they need to be
replaced this year.  So I'm not sure signage should be considered as a
capital asset because their value may typically be gone after a year,
unless we have the same sponsors each year.  In any case they should
probably be written off this year from what I understand, unless Amanda
feels she can still use them somehow, maybe by putting new stickers on the
signs to cover the old sponsors' logos.

How did you arrive at the "working funds" amount?  Is this, in effect, the
cumulative surplus or retained income from the past several years?

I think there may be a small amount of revenue missing, the amount that is
due for the recent BV contract for a Moveable Feast during the winter
cycling conference.  (I this amount is $250.)  I don't know what expenses
might also be associated with that contract.

Jeremy



On Mon, Mar 10, 2014 at 9:30 AM, Bill Newman <bill.newman at plumdee.ca> wrote:

>  I have produced  draft (pretty close to final) Year-End reports for Bike
> Valet as of 2014-03-31.  This includes depreciation and other expenses to
> the end of the month.
>     I have also eliminated the "BV Start-up advance" asset by posting a
> "Founders honorarium" (nominally for David) for later this month.  I
> charged it to Bike Winnipeg (under Contractors) based on the idea that it
> is from Bike Winnipeg for his help in setting up Bike Valet.  Thus it does
> not appear as an expense for BV.  This may or may not strike everyone as
> reasonable.
>     The total depreciation for 2014-03-31 is $1737.09.  If there are no
> further capital costs in the next year the expected depreciation will be
> $1389.68.  Any budgeted capital expenses should include a depreciation
> allowance of 20% for the year in which they are incurred.
>
>     Income/Expense reports are attached.  They are also on the website
> along with all previous years for BV.  You'll find them on the "About >
> Financial Reports" page (quite a ways down) or use this link<http://bikewinnipeg.ca/about-us/financial-reports/#YE-all-BV>.
> (Yes, this is kind of an obscure place to put them).
>
>     --Bill
>
>
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