Professional Documents
Culture Documents
2018 2017
REVENUES
Annual dues - Full members $ 27,242 $ 28,140
- Associate members 4,122 3,125
Children's program fees 3,540 2,790
Regatta raffle sales (net of prizes) 1,170 1,455
Proceeds from sales of Preserve & Protect - 105
Interest income 45 25
Miscellaneous 450 210
Total revenues 36,569 35,850
EXPENSES
Insurance - Fire, Liability and Directors 4,913 4,979
Taxes - Municipal and School 4,559 4,598
Tennis courts 3,525 3,450
Children's Program 4,638 6,116
Maintenance - General 4,378 4,048
- Dock work - 11,600
Environment and water testing 2,445 316
Regatta 3,257 3,084
Snow removal 885 970
Telephone 360 397
Hydro 292 267
Miscellaneous 643 -
Bank Charges 317 170
Total expenses 30,212 39,995
2018 2017
CURRENT ASSETS
Cash in bank $ 19,064 $ 17,707
Term deposit (Note 2) 10,000 5,000
29,064 22,707
FIXED ASSETS
Land (Islands) 2,073 2,073
Land (Clubhouse) 1,970 1,970
4,043 4,043
$ 33,107 $ 26,750
MEMBERS' EQUITY
Capital of previously issued shares
cancelled upon Continuation (Note 1) $ 6,850 $ 6,850
$ 33,107 $ 26,750
President
CLUB LAC BRÛLÉ INC
NOTES TO ACCOMPANY THE FINANCIAL STATEMENTS
DECEMBER 31, 2018
1. ORGANIZATION
2. TERM DEPOSIT
3. ACCOUNTING POLICIES
2019
REVENUES
Annual dues - Full members $ 29,750
- Associate members 3,900
Children's program fees 3,500
Regatta raffle sales (net of prizes) 1,200
Total revenues $ 38,350
EXPENSES
Insurance - Fire, Liability and Directors $ 5,140
Taxes - Municipal and School 4,900
Tennis courts/Blue Trail 6,000
Children's program 4,700
Maintenance - General 3,700
- Repair of dock, gallery 6,000
- Excavation, regrading 8,000
100th celebration 2,500
Environment and water testing 2,000
Regatta 3,300
Snow removal 1,050
Telephone 370
Hydro 300
Miscellaneous 200
Bank Charges 180
Total expenses $ 48,340