Green Party of Canada 10-23-06 Accrual Basis Profit & Loss YTD Comparison September 2006 Jan - Sep 06 4-0500 · Federal Government 4-1000 · Contributions 4-2000 · Monthly Contributions 4-3000 · Transfers In 4-8000 · Other Income Total Income Cost of Goods Sold 5-5500 · Transfers Out Total COGS Gross Profit 6-1000 · Advertising 6-1300 · Interest & Service Charges 6-1400 · Equipment Lease 6-1600 · Courier 6-1700 · Postage & Delivery 6-2000 · Office Supplies 6-2100 · Printing and Reproduction 6-3000 · Translation 6-4000 · Insurance 6-5000 · Professional Fees 6-6000 · Salaries & Wages 6-6800 · Payroll Exp - Employer EI & CPP 6-7000 · Telephone 6-7500 · IT Expenses 6-7600 · Rent 6-7700 · Travel & Accommodation 6-7850 · Facility Rental 6-7900 · Misc Expenses 6-9010 · Professional Develoment 6-9050 · Dues & Subscriptions 6-9200 · Election Expense Total Expense -118,055 Page 1 of 8 Green Party of Canada 10-23-06 Accrual Basis Balance Sheet As of September 30, 2006 Sep 30, 06 Current Assets Chequing/Savings 1-1000 · TD Business Account 1-1100 · Caisse Populaire 1-1400 · Van City 1-1550 · Bank Account of Units Total Chequing/Savings Accounts Receivable 1-2000 · Accounts Receivable Total Accounts Receivable Other Current Assets 1-1250 · Candidate Deposits 1-3000 · Prepaid Expenses 1-4000 · Loans Total Other Current Assets Total Current Assets Fixed Assets 1-2100 · Computers 1-2300 · Furniture and Fixtures Total Fixed Assets Other Assets 1-1900 · Goods for Greens Total Other Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2-1000 · Accounts Payable Total Accounts Payable Other Current Liabilities 2-2200 · Accrued Liabilities 2-2300 · Payroll Liabilities Total Other Current Liabilities Total Current Liabilities Long Term Liabilities 2-3000 · Loans to Party Total Long Term Liabilities Total Liabilities 3-1000 · Retained Contributions 3-3900 · Retained Earnings Net Income Total Equity TOTAL LIABILITIES & EQUITY Page 2 of 8 Green Party of Canada 10-23-06 Statement of Cash Flows January through September 2006 Jan - Sep 06 OPERATING ACTIVITIES Net Income Adjustments to reconcile Net Income to net cash provided by operations: 1-2000 · Accounts Receivable 1-2000 · Accounts Receivable:1-2020 · Goods for Greens Receivables 1-2000 · Accounts Receivable:1-2050 · Federal Government Receivable 1-2000 · Accounts Receivable:1-2080 · Candidate Deposit Loans 1-1250 · Candidate Deposits 1-3000 · Prepaid Expenses 1-4000 · Loans:1-4100 · GPC-BC Audit Loan 2-1000 · Accounts Payable 2-2100 · *Payroll Liabilities 2-2200 · Accrued Liabilities 2-2210 · Due to G4G 2-2300 · Payroll Liabilities 2200 · GST Payable Net cash provided by Operating Activities INVESTING ACTIVITIES 1-2100 · Computers 1-2300 · Furniture and Fixtures Net cash provided by Investing Activities FINANCING ACTIVITIES 2-3000 · Loans to Party:2-3200 · WCTS (W.Crookes)Candidate Loans 2-3000 · Loans to Party:2-3400 · Darla Drader 2-3000 · Loans to Party:2-3500 · Bill Wilson 2-3000 · Loans to Party:2-3700 · Walter Meyer zu Erpen 2-3000 · Loans to Party:2-3905 · Michael de Pencier 2-3000 · Loans to Party:2-3906 · Lori Gadzala 2-3000 · Loans to Party:2-3907 · Cellular Networking Perspective 2-3000 · Loans to Party:2-3908 · Adrian Visentin 2-3000 · Loans to Party:2-3909 · Peter Marks 2-3000 · Loans to Party:2-3920 · David Kay 2-3000 · Loans to Party:2-3930 · Ted & Linda Mosquin 2-3000 · Loans to Party:2-3940 · Shayne Robinson 2-3000 · Loans to Party:2-3950 · GPC Beaches East York EDA Net cash provided by Financing Activities Net cash increase for period Cash at beginning of period Cash at end of period Page 3 of 8 YTD Budget YTD Actual Variance Total Income 1,620,164 1,938,021 Cost of Goods Sold Gross Income 1,461,731 1,669,958 Expenses
Service Charges (bank, interest & telepay)
Total Expenses 1,507,390 1,532,948 Net Income (Loss) Page 4 of 8 GPC Financial Statement Report for the period ending September 30, 2006 Revenue & Cost of Goods Sold:
Revenue from contributions has decreased in September, down almost 70% from July and August.
Transfers out are comprised of Leadership Campaign directed contibutions. Expenses: Office Supplies There was an increase in spending during September due to the office move. Expenses captured in this account include: Office set up - wiring etc Furniture set up fee (cubicle set up) Printing & Reproduction The expense reflected in this account can be attributed to the convention. The fees are for the printing of both English and French booklets. Salaries There were a few hires that took effect in September causing this account to increase. Additional salaries starting in Sept include: Debra Eindiguer David Chernushenko
Salary costs will continue to be higher through October due to the severence package paid out. Travel & Accommodation The breakdown of the major spending areas is as follows: Organizing Team = $4,600 (41%) Message Team = $1,658 (15%) Governance, Leader = $1,381(12%) Governance, Convention = $2,889 (26%)
The organizing team expenses are somewhat misleading as they are expense that go back as far as July. This does highlight the need toget a formal expense policy in place that would outline when expenses are due and help ensure that not only is the office aware of it's expense obligationsbut it would also help the ease the financial burden carried by the Organizers. Balance Sheet Accounts Receivable The AR account balance is the Federal Govt Funding amount of $311K less the RS accruals that have not yet been paid out due to non compliant EDAs. Fixed Assets This account has increased due to office move - a new telephone system was purchased and has been expensed to the balance sheet in order to capitalize the expense over a longer period of time - the cost of the system is approx $16K. Loans to Party The loans to party account has two types of loans combined into one total: $332,500 in election loans $100,000 loan to W.Crookes for candidate deposits - scheduled for repayment in Oct/06
There is also a an additional $54,805.50 showing in this account due to cheques being voided due to non receipt. Payments issued (July/06) to D.Drader and R.Ball were cancelled as the cheques were not received - these cheques have been re-issued in October. These payments were for loans received in 2004 (final repayment installment) and in 2005 (first istallment for the 39th election loan). YTD Budget Comparison Revenue The allocation between budget and actual is the main reason for the large variances - looking overall gives the better picture that we are 20% above expected revenue. The budgeted 'Other Income' account of $91K was projected Convention revenue - this amount is in the Contribution account and more detail is available in the convention report Cost of Good Sold The RS portion of the account is $161,546 which is inline with the budgeted amount. The budget only considered RS but this account also includes directed contributions and leadership campaign transfers. Expenses There are some large variance in individual accounts, however looking at total expenses we are only 2% above budget which is very good. Some of the variances can be accounted for by account allocation differing from budget (as is the case with Outsource Providers and Professional Fees) and others are due to unexpected expenses such as the insurance policy taken out this year. The Travel & Accommodation account is a combination of the Travel and Facility Rental account and is over budget due to the convention. Page 5 of 8 Green Party of Canada Quarterly Budget to Actual Comparison Q1 Budget Q1 Actual Variance Q2 Budget Q2 Actual Variance Q3 Budget Q3 Actual Variance Total Income Cost Of Good Sold Total COGS Gross Income Expenses
Service Charges (bank, interest & telepay)
Total Expenses Net Income (Loss) -198,357 -255,995 -104,499 Page 6 of 8 Green Party of Canada 10-23-06 Accrual Basis Profit & Loss August Convention Jan 1 - Oct 23, 06 Convention Fees 6-1600 · Courier 6-1700 · Postage & Delivery 6-2000 · Office Supplies 6-2100 · Printing and Reproduction 6-3000 · Translation 6-5000 · Professional Fees 6-7000 · Telephone 6-7700 · Travel & Accommodation 6-7850 · Facility Rental 6-7900 · Misc Expenses 6-9050 · Dues & Subscriptions 6-9200 · Election Expense Total Expense Net Income -127,948.63 There may be an opportunity to increase the revenue recognized for the AGM convention, this is due to the dual role the convention served - the AGM as well as the Leadership Race. There was a percent held back from th contributions taken for the leadership campaigns - this amount needs to be confirmed and then as decision made as to whether it should be applied against the convention expenses. The amount is approximately $30,000 so it won't make the bottom line much better but will alleviate some of the deficit. There is also the consideration that the convention was used as the major marketing vehicle for the year. The event was staged with that in mind and was by all accounts a successful (yet expensive) event. There is an expense breakdown in the page following. Page 7 of 8 Green Party of Canada 10-23-06 Accrual Basis Profit & Loss Convention Expense Detail 6-1600 · Courier 6-1700 · Postage & Delivery
Return of overs for New Member and Candidate Mailin
6-2000 · Office Supplies
Locksmith for new locks for election ballot room
6-2100 · Printing and Reproduction
7,500 48pg booklet (ballots/bre) included
Total 6-2100 · Printing and Reproduction
6-3000 · Translation 6-5000 · Professional Fees 6-5020 · Accounting Fees 6-5000 · Professional Fees - Other
Election materials/layout of eng and fr election booklet
Total 6-5000 · Professional Fees - Other
6-7000 · Telephone 6-7020 · Long Distance Page 8 of 8 Green Party of Canada 10-23-06 Accrual Basis Profit & Loss Convention Expense Detail 6-7000 · Telephone - Other 6-7700 · Travel & Accommodation
Return bus Ottawa/Montreal (includes taxi & meals)
Total 6-7700 · Travel & Accommodation
6-7850 · Facility Rental 6-7900 · Misc Expenses 6-7910 · Volunteer Recognition
Pre-Convention Ballot Processing Vol. Food
6-7900 · Misc Expenses - Other 6-9050 · Dues & Subscriptions 6-9200 · Election Expense 6-9250 · Professional Services Page 8 of 8
THE September, 2007 BOARD MEETING FOR THE JOINT COMMITTEE OF EMERGENCY MEDICAL SERVICES IN TRUMBULL COUNTY WAS HELD at 11:30 am on 9/26, 2007 at Abruzzi’s 422 restaurant. Voting Members present were as follows: 1) Chairman – none 2) Co Chairman – none 3) TMH REPRESETATIVE – George Snyder 4) Education REPRESENTATIVE – George Brown 1) FIRE CHIEF – Roger French