- Balance Sheet for 2010
The consolidated balance sheet for the association as at the end of 2010 is shown below. The association is solvent and in a strong financial position as at the end of December 2010.
| Ottawa South Community Association
31-Dec-10
|
|
OSCA |
OSCAR |
Firehall Fund |
Total |
Total Current Assets |
305,483 |
37,741 |
4,192 |
347,416 |
|
|
|
|
|
| Net. Capital Assets |
5,262 |
1,346 |
0 |
6,609 |
|
|
|
|
|
| TOTAL ASSETS |
310,745 |
39,087 |
4,192 |
354,025 |
|
|
|
|
|
| Current Liabilities |
101,625 |
2,003 |
0 |
103,628 |
|
|
|
|
|
| TOTAL LIABILITIES |
101,625 |
2,003 |
|
103,628 |
|
|
|
|
|
| General Reserve |
109,121 |
37,084 |
4,192 |
150,397 |
| Reserve for Exercise Room |
100,000 |
- |
- |
100,000 |
| TOTAL EQUITY |
209,121 |
37,084 |
4,192 |
250,397 |
|
|
|
|
|
| LIABILITIES AND EQUITY |
310,745 |
39,087 |
4,192 |
354,025 |
|
- Income Statements
Income statements for OSCA, OSCAR and the Firehall Redevelopment Fund are shown below.
| Ottawa South Community Association |
| Grants |
23,339 |
| Program Revenue |
408,277 |
| Special Events Revenue |
12,587 |
| Misc Revenue |
5,006 |
| Interest Revenue |
2,992 |
| TOTAL REVENUE |
448,565 |
| Total Program Expenses |
190,093 |
| Total Payroll Expense |
116,917 |
| Total General & Admin. Expenses |
98,318 |
| TOTAL OPERATING EXPENSES |
405,328 |
| OPERATING INCOME* |
43,237 |
|
| O.S.C.A.R. |
| REVENUES |
66,145 |
|
|
| Expenses |
|
| Editor |
16,500 |
| Advertising Manager |
10,648 |
| Distribution Manager |
2,750 |
| Printing Charges |
25,260 |
| General & Admin. Expense |
8,006 |
| TOTAL EXPENSE |
63,164 |
|
|
| Operating Surplus / (Defici) * |
2,981 |
|
| Firehall Redevelopment Fund |
| Income Statement |
2009 |
|
|
| TOTAL REVENUES |
7,250 |
|
|
| Operating Expenses
Donation to City of Ottawa
TOTAL EXPENSES
|
159
242000
242159
|
|
|
| NET INCOME |
234,909 |
- Contribution to Firehall Renovation
The association made a contribution of $357,500 to the City of Ottawa in March 2010 for the Firehall renovation, comprised of:
- All of the Firehall Redevelopment Fund: $242,000
- $30,000 from OSCAR reserves
- $85,500 from OSCA’s reserves.
