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2020 AGM: Difference between revisions
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→Treasurer's Report
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=== Treasurer's Report === | === Treasurer's Report === | ||
* | *Updates | ||
**We took a $40,000 loan with one of the government programs; beneficial because if we repay, $10,000 will be waived. | |||
**We posted a $10,000 surplus on our budget, with the help of payroll/wage government subsidy programs. | |||
**We’re submitting a $40,000 deficit budget for next year, mainly because of lack of immediate casino revenue | |||
*Question | |||
**Balance sheet shows $25000 in deferred casino revenue, but not in the actual account. | |||
**That $25K will go into the budget for 2021 as casino revenue, but won’t be any new cash in our bank accounts. | |||
**There’s an additional $2500 from casino that will also come in later. | |||
{{Motion | {{Motion | ||
|motion=To | |motion=To approve the reports and financial statements (balance sheets, profit and loss statement) as presented. | ||
|first= | |first=Geoff Hansen | ||
|second= | |second=Matt Hoyt | ||
|yes= | |yes=Majority | ||
|no= | |no= | ||
|abstain= | |abstain= | ||