[Finance] Financial Statements before AGM

[Kaye Grant]

I’d be hard pressed to attend another meeting next week.  If I did make it – I would want it to be after 7pm on Tuesday.  And I would only have an hour.  Where are you meeting?

 

Kaye 

 

From: Finance [mailto:finance-bounces at lists.bikewinnipeg.ca] On Behalf Of Zennon Gagne
Sent: Thursday, October 23, 2014 1:20 PM
To: Finance Committee - Bill plus four
Subject: Re: [Finance] Financial Statements before AGM

 

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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