2019 AGM: Difference between revisions
→Treasurer's Report
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=== Treasurer's Report === | === Treasurer's Report === | ||
* | *Mike Sacha (Vice President and Acting Treasurer) | ||
*Ali did a great job, but he had to step away as he was no longer in town | |||
*It is clear that bike sales are a very key component to our revenue and are something we need to really focus on | |||
*We presented a balanced budget for the 2018-19 fiscal year | |||
**We were successful within 2% of that target | |||
**Not all of our numbers match perfectly due to our bookkeeper transition, but we managed a balanced budget nonetheless | |||
*Proposed Budget | |||
**Proposing a balanced budget for fiscal year 2019-20 | |||
***From our typical revenue streams of grant funding, the City of Edmonton, the casino, and a number of smaller donors (Chris can expand on this) | |||
***We were successful in our application for the property tax exemption | |||
***Potential to run a BIke-Friendly Certification program | |||
****This will incur initial expenses, but it should have a positive net result on our revenue | |||
*Questions from the audience | |||
**Where do we get our grants from? | |||
***Chris replied that our major grants this year came from Velo Canada Eco Action Grant, Community Investment Operating Grant from the City of Edmonton, a grant from the Alberta Transportation and Safety branch, and from some other smaller donors. Our major funding, again, is from grants, the casino (approximately $75,000 every two years) - there was a lot of concern around the longevity of this funding in particular due to the recent changes to the new government’s lottery funding, however, this is separate from casino funding and, therefore, should not impact Bike Edmonton | |||
**Ali asked about the impact of the property exemption and Chris clarified that it should be close to approximately $14,000 for the year, which is reflected in our shop operating costs | |||
**Question about Chris’ comment on stepping back from advocacy and if that would be continuing moving forward? | |||
***Chris replied that we had stepped away from this role this past year largely due to our lack of capacity and that he would like to see us step back into that role | |||
{{Motion | {{Motion | ||
|motion=To receive the reports as presented. | |motion=To receive the reports as presented. | ||
|first= | |first=Robert | ||
|second= | |second=Geoff | ||
|yes= | |yes=All | ||
|no=0 | |no=0 | ||
|abstain= | |abstain= | ||
|result= | |result=Carried | ||
}} | }} | ||