2016 AGM: Treasurer’s Report

TREASURERS  REPORT – November 2016

As shown in the financial statement for GACA over the past year, there was $1110 in Revenue primarily from Memberships sold and $693 in Expenses leaving $417 in Net Operating Revenue.

We also currently have $500 in a Reserve Fund as a Contingency to ‘review and lobby on behalf of the community on City planning initiatives and development applications’. There is a provision to add $200 to this Reserve Fund per last fall’s Executive meeting.

Treasurer Chris McCann

Glebe Annex Community Association – 2016 Financial Statement