| PRINCE GEORGE BARRACUDA SWIM CLUB BALANCE SHEET as at August 31, 2020 General Gaming Total Total Fund Fund 2020 2019 ASSETS CURRENT ASSETS Cash & term deposits $ 41,013 50,392 $ 91,405 $ 88,435 Restricted cash reserve 65,000 - 65,000 65,000 Cash float – equipment locker 32 - 32 35 Accounts receivable - - - 743 Inventory 967 - 967 4,309 107,012 50,392 157,404 158,522 FIXED ASSETS Equipment 43,132 - 43,132 43,132 Accumulated amortization (42,394) - (42,394) (42,210) 738 - 738 922 TOTAL ASSETS $ 107,750 $ 50,392 $ 158,142 $ 159,444 LIABILITIES CURRENT LIABILITIES Accounts payable $ 4,229 $ - $ 4,229 $ 4,424 Deferred revenue 14,386 62,000 76,386 79,882 18,615 62,000 80,615 84,306 FUND BALANCES Unrestricted – previous year 82,200 (7,062) 75,138 14,543 Scoreboard costs allocated from City of PG - - - 33,515 Excess of revenue over expenses 6,935 (4,546) 2,389 27,080 89,135 (11,608) 77,527 75,138 $ 107,750 $ 50,392 $ 158,142 $ 159,444 PRINCE GEORGE BARRACUDA SWIM CLUB STATEMENT OF REVENUES & EXPENSES year ended August 31, 2020 General Gaming Total Total Fund Fund 2020 2019 REVENUE Community gaming grant $ - $ 62,000 $ 62,000 $ 62,000 Licensed gaming - 196 196 511 Interest 731 - 731 721 Masters and other fees and dues 24,643 - 24,643 43,595 Membership fees and dues 77,922 - 77,922 114,950 Registration and facility fees 21,017 - 21,017 20,000 Swim BC 19,052 - 19,052 18,950 Swim meets 39,445 - 39,445 70,223 182,810 62,196 245,006 330,950 FUNDRAISING REVENUE Fundraising levy 25,049 - 25,049 37,204 Other Fundraisers - - - 5,708 25,049 - 25,049 42,912 TOTAL REVENUE 207,859 62,196 270,055 373,862 EXPENSES Amortization 184 - 184 60 Bank charges 10,253 45 10,298 12,868 Coaches' wages 81,541 66,501 148,042 172,858 Office, courier, postage and other 14,697 - 14,697 21,416 Pool rental 45,622 - 45,622 75,219 Scholarship 750 - 750 3,500 Swim BC 15,931 - 15,931 18,772 Swim meets 31,946 196 32,142 42,089 TOTAL EXPENSES 200,924 66,742 267,666 346,782 EXCESS OF REVENUE OVER EXPENSES $ 6,935 $ (4,546) $ 2,389 $ 27,080 PRINCE GEORGE BARRACUDA SWIM CLUB STATEMENT OF REVENUES & EXPENSES – ACTUAL VS. PROJECTED year ended August 31, 2020` Actual Projected Actual Projected General General Gaming Gaming Fund Fund Fund Fund REVENUE Community gaming grant $ - $ - $ 62,000 $ 75,000 Licensed gaming - - 196 600 Interest 731 1,000 - - Masters and other fees and dues 24,643 40,000 - - Membership fees and dues 77,922 115,000 - - Registration and facility fees 21,017 21,000 - - Swim BC 19,052 19,000 - - Swim meets 39,445 65,000 - - 182,810 261,000 62,196 75,600 FUNDRAISING REVENUE Fundraising levy 25,049 35,000 - - Other Fundraisers - 5,000 - - 25,049 40,000 - - TOTAL REVENUE 207,859 301,000 62,196 75,600 EXPENSES Advertising - 1,000 - - Amortization 184 500 - - Bank charges 10,253 13,000 45 100 Coaches' wages 81,541 115,600 66,501 74,900 Office, courier, postage and other 14,697 22,000 - - Pool rental 45,622 85,000 - - Scholarship 750 3,500 - - Swim BC 15,931 19,000 - - Swim meets 31,946 41,400 196 600 TOTAL EXPENSES 200,924 301,000 66,742 75,600 EXCESS OF REVENUE OVER EXPENSES $ 6,935 $ - $ (4,546) $ - |
