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