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
