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HomeMy WebLinkAbout2015-01-27 Minutes �P MINUTES ORONO ARENA COMMUNITY CENTRE BOARD January 27,2015 Present: John Witheridge Elaine Dillon Rorie Woods Gord Lowery Jackie Moore Laverne Boyd Regrets: Michael Di Lella Willie Woo Wendy Partner Call to order by John Witheridge at 7:23 p.m. Agenda: presented by: John Witheridge Moved to accept: Elaine Dillon Seconded: Jackie Moore Passed Minutes from October 21,2014 meeting: presented by Jackie Moore Motion to accept as received: Laverne Boyd Seconded: Gord Lowery Passed Financial Report distributed January 23,2015 by email and attached to this report. Presented by Rorie Woods. Rorie explained that not all bills come incurred 2014 are paid in 2014. Services/work performed near the end of 2014 may not be billed in 2014 but in 2015. Motion to accept the financial report without prejudice: Rorie Woods Seconded: Elaine Dillon Passed New Business: This Year's meeting dates will be: • Tuesday,April 21,2015 at 7:30 p.m. • Tuesday,June 23,2015 at 7:30 p.m. • Tuesday,October 20,2015 at 7:30 p.m. Motion to accept the meeting dates: Laverne Boyd Seconded: Gord Lowery Passed Motion to adjourn at 7:42 pm: John Witheridge Seconded: Laverne Boyd Passed Next Meeting: April 21,2015 at 7:30 pm. P40 ?VO(W� John Witheridge Chairperson Orono Arena And Community Centre Halance Sheet AS at Dec 31,2014 ASSET CURRENT ASSETS Term Deposit 119.204.61 Bank-Operating account 28,114,50 Cash:Total 147,319,11 Accounts Receivable 0.00 Accounts Reoeivable WE Adjust... -3,073.90 Accounts Reogivable 3.073.90 Receivabres:Not 3,473.90 TOTAL CURRENT ASSETS 147,815.11 FIXED ASSETS Furniture&BQuipment 4.644,DO Accurn Deprec.Fum&Equip -3,274.61 Furniture&Equipment; Flet 1 369.39 TOTAL FIXED ASSETS 1.369.39 TOTAL ASSET 148,688,50 LIABILITY CURR-ENT LdA{BILIVES Accounts Payable 4,595.16 Accounts Payable YE Adjustments 547$;R P=rued Liabilities 0.00 Accounts Payat)le 13,896,67 Vacation Payable 5.13.4,5S Vacall0r,.Payablo 0 130 Employ9e sductians Payable 0.00 EI Payable 947.76 CPP Payable 1,170.13 Federal income Tax Payable 2,362.01 Pension Payable 9,467.26 Rec Gen Payable:Total 14 01718 4VGB Payable 2,293.67 G S T On Sales 14,833.30 G S T On Pumhases -32,554.15 G S T Remitted -4.368.SC G S T Payable -.36.410 HST Paid on Purchases -12,851.61 TOTAL CURRENT LIA131LITIES -6.M.03 TOTAL.LIABILITY -55,245.93 EQUITY RETAINED EARNINGS Term Nposit 133°41 Retained Earnings 126,092.89 Current Earnings 27,707.63 TOTAL DETAINED EARt4INGS 153,934.43 TOTAL EQUJTY i.53,r334.43 _IABILITIES AND EQUITY 148,5$5.6�t Orono Arena And Community Centre Comparative Income Statement Actual Actual J$n 01.2014 to Jan 01,2013 to Dec 31,2014 Dec 31,2413 Percent REVENUE REVENUE Bank interest Revenue 2,940.00 coo 0,00 Rental-Ice Rental 255,224.60 277,447.98 .8,01 Rental-Arena Floor Rental 4.965.00 B52.00 482.75 Rental-Boon 2.825{70 3,050.fl3 -'7.36 Rental-Hall 10.998.25 10,793.03 1.81 Metting Roam Rental 550.00 441,53 24.57 D.A,F.S.-Ref.-Hydra 524.35 0,125,00 63.39 L?.A.P.B. Ref Bl l U 24 W.98 65.24 D.A,F.8,-Ref.-Wage5 2,454.50 2,702.54 -9.18 DA.F.B.Ref water 356.04 308.55 15.35 D.A.F.B,Ref-Supplies 326.19 425,01 23.201 Gas 23.53 0.00 0.00 Public Skating 2,875.03 2,325.75 23.62 Fund Raising 407.25 15,000,00 -9729 lee Equipment Clarington Contric6u 0.40 0.w 3©0 Skate Sharpen 25.00 0.00 0.00 Miscellaneous 2,168.03 4,703.25 -53.88 Donatlons 18.530.40 3.00 0.00 Board Advartising 6,360,t7d 2,200.00 189,09 TOTAL REVENUE 311,598.18 321,425.55 -3.M TOTAL REVENUE 311,598.16 321,425.65 -3.06 EXPENSE COST OF OPERATIONS Arena Maintenance 29,191.53 14,136.58 106.47 Arena�;uppl=es 11,000.36 8,669.00 28.89 Fees&Dues 50.010 0.00 0,30 Bookkeeping 1,316.92 1,305.00 31.04 bank Charges&Sundry Exp, 327.18 324.47 0-84 Gas 10,537.06 Propane Far Olympia 7,145.25 47. 0-� 0.00 0,3300 Gasoline 256.82 1,921-12 -eW5,3 Tractor Maintenance 15303 310.00 X1.61 Grounds Maintenance 2210,00 2,549.30 -13.30 Hyrro 57,943.28 57,278.01 1.t6 Ice Equipment 7,295.83 41,920.43 -62.60 Refuse 3,618.51 2,351.70 53.87 Telephone 3,054,55 3.673.74 4.92 Water 6,331.97 7,356.78 -13.93 Advertising 37.50 485.11 -92.27 Office Supplies 1,172.95 1,977.19 -40,68 Miacellaneous 43.34 0.00 0.00 waleg 135,717.73 13$;019.7'6 -1.67 EI Expense 3.526.88 3,1713,83 11.23 Pension Payable 2,801.00 15,134.00 -81 AS CPP Expense 4,013,84 2,309.05 73.83 Balancing Scum*Ced for 2011 0.00 1,616.42 -103.40 YdCB Expense 2,493.59 3,088.68 -19.27 Employee Benefits 0.00 109.34 -100-00 Payrpll Expense:Total �w _- 148,553.74 163,447.38 -9.11 TOTAL COST OF OPERATIONS 283.8901.53 314,552.52 -9,76 TOTAL EXPENSE 253,$90,53 314,552.52 -9.75 NET INCOME 27,707.63 6,873.13 303.13