1. Spring Business Meeting 18 March 2014 Recreation Association Canoe Camping Club WWW.RACCC.CA Come paddle with us! Embarquez avec nous! RACCC Financial Report

2.  Club fiscal year April – March, RA fiscal year Sept – August ◦ Two club years address one RA year  Operating vs. Capital budgets ◦ Per private sector ◦ RA expects min 10% “contribution”, i.e. operating income ◦ RA budgets min $3000/year capital investment  Club savings held by NCR YMCA-YWCA ◦ Being extracted gradually Recreation Association Canoe Camping Club WWW.RACCC.CA

3. ActualNotes (Adult) Members391 Membership fee$15 Rental feesWW: $20, FW UL: $15, FW: $10, SK: $15 Projected Revenue$29,000 Projected Contribution$2,900 Boathouse Costs$9-10,000By August Canoes: WW (RA + club) $3,300, less $1100(?) Sales2 WW Moise Rx, less 2 Canyons Canoes: FW (RA + club) $5,300, less $1000(?) Sales2 FW Quetico 17 (delivery Spring 2014), less 2 tandem Recreation Association Canoe Camping Club WWW.RACCC.CA

4. BudgetNotes (Adult) Members350 Membership fee$15Unchanged, approved Rental feesWW: $20, FW UL: $15, FW: $10, SK: $10 Unchanged (ex. SK), approved Budgeted Revenue$30,000 Budgeted Contribution$3,00010% Boathouse$0 Canoes: WW* (RA + club) $2,700, less $1100(?) sales2 solo?, less 1solo? Canoes: FW* (RA + club) $8,200, less sales3 tandem, less up to 3 * Capital funds will not be available until September. Decisions tabled until then. Recreation Association Canoe Camping Club WWW.RACCC.CA

5. BudgetNotes (Adult) Members350 Membership fee$15Unchanged, recommended Rental feesWW: $20, FW UL: $15, FW: $10, SK: $10 Unchanged, recommended Budgeted Revenue$30,000 Budgeted Contribution$3,70013% Boathouse$0 Canoes: WW* (RA + club) TBD Canoes: FW* (RA + club) TBD * RA funds will not be available until September. Club savings: TBD Recreation Association Canoe Camping Club WWW.RACCC.CA

6. Zone 4 (2012)$39,000 Opening balance (Oct 2012)$67,000 Transferred to date$37,000 Balance at the YMCA-YWCA$30,000 Projected close dateAugust 2015 Boathouse budget$71K (RACCC $58K, RA $13K)* Boathouse paid$58K Boathouse available funds for fit-up$9-10K * RA absorbs any further overrun Recreation Association Canoe Camping Club WWW.RACCC.CA