2023 AGM: Difference between revisions
→Treasurer's Report - Marcel Huculak
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* See report in above annual report document | * See report in above annual report document | ||
*$20,000.00 budgeted deficit, $75,000.00 actual deficit due to ambitious revenue budgeting. | |||
*Less expenses than budgeted. | |||
*Slightly more than budgeted bike sales. | |||
Marcel: We cannot tolerate another year of losing money. Our bank account is getting quite low; we will be bankrupt. We are aiming for a break-even, or better yet, $20,000-40,000 revenue. | |||
==== Questions from the Floor: ==== | ==== Questions from the Floor: ==== | ||
Devin Clarke: I thought we had a fundraiser from the movie. I don't see it there? | |||
Marcel: That's the Metro fundraiser. It went into donations, not under "fundraisers". | |||
Chris: What's the status of repayment of the CEBA loan? | |||
Marcel: We are asking for forgiveness via a letter. It is due in January; if we don't pay it goes to $60,000. We are asking to extend the foregiveness and keep owing $40,000 for another year. | |||
Kelly: the letter goes out next week, and comes with a petition that Greg organized. | |||
Marcel: We are not alone. The government extended forgiveness to small business, but not non-profits. That's what the petition is: to extend forgivness to non-profits. | |||
Coreen: Have the in-shop donations and in-shop tips been incorporated into this statement? | |||
Marcel: If they are in our bank account, then they are reported. They are recorded as donations. | |||
Kelly: The "member - individual donations:" line item. | |||
{{Motion | {{Motion | ||
|motion=To approve the reports as presented. | |motion=To approve the reports as presented. | ||