2016 Approved Operating Budget – Board of Director Approval on 10/3/15
Cinosam Club
2016 Operating Budget
Fiscal Year January 1, 2016 – December 31, 2016
YTD Aug 2016
Revenue YTD Actual Budget
General Membership $11,800 $11,500
Boat Slips $16,000 $16,000
Canoe/Kayak $100 $500
Other $343 $400
TOTAL REVENUE $28,393 $28,400
Expenses by Major Category; YTD Actual Budget
- Real Estate Taxes; $11,886 $13,000
- MN Power; $249.66 $600
- Dock Material/Dock Preservation $2,258.67 $5,000
- Lot(s) Preservation; $4,179.90 $8,000
- Postage/Post Office Fee; $112 $100
- Seasonal Dock/Lift; $3,037.45 $4,300
- Cinosam Celebrations; $358.65 $300
- Association Dues; $50 $150
- Liability Insurance; $1,100
- Bank Fees; $35
TOTAL EXPENSES $22,162.33 $32,585
Assets
Checking Balance as of 8.1.16 $40,104.12 Donations Received
CD $1,782.00
EAGLE CARVING (as of 8.31.16)
Revenue and Expenses not reflected in above detail
Revenue $3,908
Expenses to Date $3,148.85
BUDGET ASSUMPTIONS Actual YTD Budget
General Membership 118 115 @ $100
Paid Canoe
Paid Boat Slip Members 32 32 @ $500
Paid Canoe Slip 5 10 @ $50
Respectfully Submitted, 8.31.16
Kelly J. Spratt, Cinosam Treasurer
