5b. Treasurers Report

[Bob Gillanders]

Fred is on vacation this week. He will be visiting at times, but I am sure the family will do their best to keep him on vacation.

He has asked me to post the budget for him.
The results for this year are forecasts.
The 2013 budget is here for discussion and proposed amendments.
The plan is to vote on it at the AGM.

Bob G.

[Paul Leblanc]

I have no issues with this budget. Well done.
Do you feel we are getting good value for the $3,000 audit cost?
I would like to see a consolidated balance sheet as well.

[Bob Gillanders]

I have no issues with this budget. Well done.
Do you feel we are getting good value for the $3,000 audit cost?
I would like to see a consolidated balance sheet as well.

Actually, not much progress has been made on the audit front. A couple of audit firms have been contacted. We have asked them for a quote, but they have been slow in getting back to us. The 3k is an estimate based on the previous audits done by Watson (Ottawa) a few years ago.

[Michael von Keitz]

Although the budget is up for discussion at the AGM, I believe we are hoping for approval of support to the Olympic teams at this meeting. We have a couple of holdouts that want guarantees, which I think is fair.

[Paul Leblanc]

One of the olympiad team juniors (Ping) has an application in for support from the Pugi Fund. The trustees discussed it and feel that any junior who makes the team should receive some support, the exact amount to be determined, perhaps in the order of $200 to $300 per junior.

[Michael Barron]

Thank you, Bob!

Will we see long awaited Youth Program fund financial report?

[Bob Gillanders]

Thank you, Bob!

Will we see long awaited Youth Program fund financial report?

I was working on it today. A couple of questions for Gerry in the morning, and then I can finalize it tomorrow.

I was hoping to post it before your asked.

[Bob Gillanders]

Here finally is the Youth Fund report for the 2011 CYCC/WYCC.
These are all the revenues and expenses pertaining to the 2011 cycle.

Bob G.

[Bob Gillanders]

This second report is a continuity schedule which shows all changes from April 30, 2011 to January 31, 2012 in the accumulated surplus balance.

Bob G.

[Hal Bond]

Hi Paul - in the previous Olympiad the Juniors received $500 each from the Pugi Fund. Is there are reason for this year's support being less?