[Finance] Bike Valet Year End Reports

[Amanda San Filippo]

Hey guys,

For future reference... can you remove this email from the mailing list and
add bvwcoordinator at bicyclevaletwinnipeg.ca.

This is my personal email... but I check is rarely as it's mostly junkmail
that comes to it.

Thanks.

Amanda


On Mon, Mar 10, 2014 at 11:26 AM, Jeremy Hull <hull.jeremy at gmail.com> wrote:

> 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 because the sponsors on them are no longer valid and they need to be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
>>
>>
>


-- 
Amanda San Filippo, BBA, MES
adsanfilippo at gmail.com

"Great things are done by a series of small things brought together"
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