AGM Reports/Audits

2015 Audit

By December 31, 2015 April 29th, 2020 No Comments

Comparative Income Statement
2015 – 2014

Actual 01/01/2015                                           Actual 01/01/2014

REVENUES
  Operation                                                        
TD Foundation Grant                                                                                            23,000.00
Interest Income                                                        702.93                                        525.68
Non Tax Donation                                                   368.00                                            2.40
Tax Receipted donation                                         100.00                                 
Tax Receipted Membership                                2,720.00                                  2,020.00
Employee Benefits Reimb.                                     – – – – –                                         502.65
                                                                          _________                                 _________
Total Operation Revenue                      3,898.93                                 26,050.73

  Conservation
            Land Donation                                      237,000.00                                     — – – –
            Tax Receipted Donation                           51,151.56                                   4,475.00
            Non Tax Donation                                     2,900.00                                     – – – –
            International Non Tax Donation           53,807.11                                     – – – –
            Interest Income                                                                                                     0.85
                                                                          __________                               _________
Total Conservation Revenue              344,943.72                                    4,475.85

TOTAL REVENUES                                 348,834.55                                 30,526.58


EXPENSES
  Operation
            Grant Payment                                          – – – – –                                     23,000.00
            Partner Services                                          – – – –                                        9,894.00
            Fees, Dues. Subscriptions                        2,310.37                                   2,415.95
            Office Supplies                                                58.92                                     695.07
            Postage/Printing                                          388.67                                      – – – –
            Meetings/Conference                                 642.00                                      215.80
            Insurance                                                    1,819.80                                   1,824.12
            Advertising                                                      – – – –                                          91.37
                                                                           __________                               _________
Total Operation Expenses                        5,219.76                                38,136.31

  Conservation
            Old Baldy                                                75,000.00                                      – – – –
            Advertising                                                   257.58                                      – – – –                                      
            Appraisal/Legal Fees                            10,655.50                                    2,186.50
            Fees, Dues                                                    260.68                                         42.22
            Donations                                                 5,000.00                                    – – – – –
            Office Supplies                                            138.36                                    – – – – –
            Postage                                                         690.29                                    – – – – –
                                                                          __________                               __________
Total Conservation Expenses             92,002.41                                    2,228.72

TOTAL EXPENSES                                   97,222.17                                  40,365.03



NET INCOME                                           251,812.38                                     -9,838.45

SUMMARY REPORT
For the Fiscal Year ending 31 December 2014

The Conservation Fund revenues consisted of donations and minimal interest income as we did not have the fundraising Cottage Tour this year.   As of November 2014, the Bank of Montreal is no longer giving interest income.  Donations to the Old Baldy campaign started at the end of the year.

Partner Services includes Frontenac Arch Biosphere as well as TIWLT wages. Payroll benefits on wages in the amount of $502.65 was  reimbursed by Revenue Canada.

The TD Grant $23,000 was paid to Leeds Grenville Stewardship Council for work in stream restoration.

Yolande LaPointe
Treasurer



THE THOUSAND ISLAND WATERSHED LAND TRUST
Comparative Income Statement
2014 – 2013


  12/31.2014                                                                        12/31.2013

REVENUES
  Operation                                                        
TD Friends of Environment                  23,000.00                                      – – – –
OLTA Reimbursement                                – – – –                                          1,528.00
Interest Income                                             525.68                                        521.03
Non Tax Donation                                        368.00                                        100.00
Tax Receipted donation                               100.00                                 
Tax Receipted Membership                    2,020.00                                    2,400.00
Employee Benefits Reimb.                          502.65                                      – – – –
                                                             _________                                 _________
Total Operation Revenue             26,050.73                                4,549.00

  Conservation
            Value of Land Donation                 — – – –                                         1,883.60
            Tax Receipted Donation                  4,475.00                                    1,437.33
            Value of Easement Donation            – – – –                                   718,000.00
            Interest Income                                         0.85                                            2.10
                                                            __________                               _________
Total Conservation Revenue             4,475.85                                721,323.03

TOTAL REVENUES                             30,526.58                                 725,872.06


EXPENSES
  Operation
            Contract LGSC                                   23,000.00                                        – – – –
            Cottage Tour                                                 — – – –                                            60.00
            Partner Services                                   9,894.00                                       – – – –
            Fees, Dues. Subscriptions                    2,415.95                                        3,053.70
            Office Supplies                                          695.07                                            735.89
            Employee Benefits                                      – – – –                                            694.22
            Postage/Printing                                         – – – –
            Meetings/Conference                               215.80                                       640.25
            Insurance                                                 1,824.12                                    1,789.26
            Advertising                                                    91.37                                    – – – –                                                                                                                                                                                                                      _________                            ___________
Total Operation Expenses                    38,136.31                                    6,973.32

  Conservation                  
            Appraisal/Legal Fees                            2,186.50                                     – – – –
            Fees                                                                42.22                                    – – – –
                                                                          __________                               __________
Total Conservation Expenses               2,228.72

TOTAL EXPENSES                                40,365.03                                     6,973.32



NET INCOME                                          -9,838.45                                718,889.44