Masters Swimming Ontario
Balance Sheet
As of August 31, 2001
 
ASSETS
Current Assets
Cash $ 8,888.77
GIC 25,393.18
Prepaid Expenses 1,118.85
Total Current Assets $ 35,400.80
Other Assets
Awards 3,798.44
Computer 2,022.70
Pins 652.00
Total Other Assets 6,473.14
TOTAL ASSETS $ 41,873.94
 
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable 10,335.60
Accrued Liability 0.00
Total Current Liabities 10,335.60
Equity
Retained Earnings 21,031.84
Net Income10,506.50
Total Equity 31,538.34
TOTAL LIABILITIES & EQUITY $ 41,873.94

Masters Swimming Ontario
Income Statement
September 2000 through August 2001
 
REVENUE
Club Registrations $ 4,050.00
Club Swimmers 54,720.00
Fitness Day 0.00
Interest Income 393.18
Mailing Members 150.00
Miscellaneous 766.46
Unattached Swimmers 1,260.00
TOTAL REVENUE $ 61,339.64
 
EXPENSES
 
Administration
Bank Charges 47.45
Donations 0.00
Loss on Disposal of Fixed Assets 0.00
Meetings
Materials 78.77
Rooms 253.31
Travel 3,909.79
Total Meetings 4,241.87
Stipends
Recorder 0.00
Registrar 5,000.09
Executive Secretary 1,350.00
Webmaster 0.00
Total Stipends 6,350.09
Supplies
Copying 502.77
Postage 436.07
Registrar 1,817.86
Total Supplies 2,756.70
Telephone 451.72
Miscellaneous 0.00
--- Sub Total Administration 13,847.83
 
Committees
Communications
Editorial 0.00
Handbook 0.00
Total Communications 0.00
Competition 228.99
Constitution 0.00
Education 0.00
Finance
Insurance 5,394.61
Swim Ontario 2,375.39
Total Finance 7,770.00
Marketing 0.00
Masters Swimming Canada
National Registration 27,750.00
Total Masters Swimming Canada 27,750.00
Membership
SWIMS Awards 304.75
Total Membership 304.75
Nominations 0.00
Officials 0.00
Rules 0.00
Strategic Planning 0.00
Web Site 931.57
--- Sub Total Committees 36,985.31
 
TOTAL EXPENSES $ 50,833.14
 
NET INCOME $ 10,506.50

Masters Swimming Ontario
Proposed Budget
September 2001 - August 2002
 
BUDGET 2002 ACTUAL 2001
 
REVENUE
Club Registrations (85 @ $45)$ 3,825.00 $ 4,050.00
Club Swimmers (2500 @ $20) 50,000.00 54,720.00
Fitness Day 0.00 0.00
Interest Income 0.00 393.18
Mailing Members (10 @ $15) 150.00 150.00
Miscellaneous 0.00 766.46
Unattached Swimmers (35 @ $35) 1,225.00 1,260.00
TOTAL REVENUE $ 55,200.00 $ 61,339.64
 
EXPENSES
 
Administration
Bank Charges 60.00 47.45
Donations 60.00 0.00
Loss on Disposal of Fixed Assets 0.00 0.00
Meetings
Materials 200.00 78.77
Rooms 500.00 253.31
Travel 4,000.00 3,909.79
Total Meetings 4,700.00 4,241.87
Stipends
Recorder 2,000.00 0.00
Registrar 5,000.00 5,000.09
Executive Secretary 2,500.00 1,350.00
Webmaster 500.00 0.00
Total Stipends 7,000.00 6,350.09
Supplies
Copying 700.00 502.77
Postage 900.00 436.07
Registrar 2,000.00 1,817.86
Total Supplies 3,600.00 2,756.70
Telephone 500.00 451.72
Miscellaneous 300.00 0.00
--- Sub Total Administration 16,220.00 13,847.83
 
Committees
Communications
Editorial 3,000.00 0.00
Handbook 8,000.00 0.00
Total Communications 11,000.00 0.00
Competition 0.00 228.99
Constitution 0.00 0.00
Education 0.00 0.00
Finance
Insurance 7,098.90 5,394.61
Swim Ontario 3,000.00 2,375.39
Total Finance 10,098.00 7,770.00
Marketing 0.00 0.00
Masters Swimming Canada
National Registration 25,350.00 27,750.00
Total Masters Swimming Canada 25,350.00 27,750.00
Membership
SWIMS Awards 0.00 304.75
Total Membership 0.00 304.75
Nominations 0.00 0.00
Officials 0.00 0.00
Rules 0.00 0.00
Strategic Planning 0.00 0.00
Web Site 400.00 931.57
--- Sub Total Committees 46,848.00 36,985.31
 
TOTAL EXPENSES $ 63,068.00 $ 50,833.14
 
NET INCOME $ (7,868.00) $ 10,506.50

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source : mso treasurer; updated : 2002.01.31; file : agm200107