4138-R1_ML&P_LSLA_Web_SummerNewsletter

Little Sebago Lake Association 2015-2016 Budget Little Sebago Lake Association -- 2015 - 2016 Budget Little Sebago Lake Association -- 2015 - 2016 Budget

Budget Budget 2015 2015

Actual 2015 Actual 2015

Difference Budget Difference Budget 2015

2016 Notes: 2016 Notes:

2015

Revenue: Revenue: Donations Donations Membership Dues Membership Dues Fundraising Grant Revenue Interest & Dividends Merchandise R venue Fundraising Grant Revenue Interest & Dividends Merchandise Revenue iscellaneous Disbursements: Bank Charges & PayPal Disbursements: Bank Charges & PayPal oats Boats Dam Maintenance Equipme t Purchases Fundraising Expenses Dam Maintenance Equipment Purchases Fundraising Expenses Gas Legal & Accounting Licenses/Permits Loon Protection Merchandise Purchases ilfoil supplies etc. Loon Protection Merchandise Purchases Milfoil supplies etc. iscellaneous Offic , Gifts/Donations Miscellaneous Gas Insurance Insurance Legal & Accounting Licenses/Permits Miscellaneous Total Income Total Income

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

32,500 18,750 10,500 24,625 4,000 10,000 32,500 18,75 0,50 24,625 ,000 10, 300 100,675 300 100,675

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

30,402 18,625 12,870 24,625 (3,989) 14,143 30,402 18,625 2,870 24,625 (3,989) 14,143 530 97,206 530 97,206 158 158 17,525 1,090 3, 19 1,7 1 17,525 1,090 3,019 1,711 964 6,850 964 405 6,850 14,026 1,878 14,026 1,878 161 161 190 90 27,412 1,981 5,642 1,424 27,412 1,981 5,642 1,424 1,650 ,650 5,000 1,184 92,340 5,000 1,184 92,340 4,867 4,867 - - - - 405 73 73 - -

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

(2,098) (125) 2,370 (2,098) (125) 2,370 (7,989) 4,143 - - (7,989) 4,143 230 (3,469) 230 (3,469) (142) (142) (910) (910) (28 ) (7 6) (289) (786) (1, 50) (1,750) (95) (95) (127) (500) (127) (500) 5,726 5,726 678 678 (439) (560) (439) (560) (21,088) (21,088) (219) (219) 1,142 1,142 424 424 150 150 (2,00 ) (2,000) (2,000) (816) (16,060) - - (2,000) (816) (16,060) 6,525 6,525 1,0 9 1,019

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

31,100 19,000 10,500 27,571 2,000 12,500 31,100 19,0 0,5 27, 71 2,000 1 ,5 400 103,071 400 103,071

a a

300 300 11,000 2,000 2,000 2,000 1,750 8,600 11,0 2, , , 1,75 8,60 500 500 200 500 200 500 8,300 1,200 8,3 1,2 6

200 200 11,800 2,000 11,8 2,0 5 500 1,800 1,400 7,044 1,8 ,4 7,044 500

b c d b c d

500 100 500 100 500

11,300 1,900 11,3 ,9 5 35,500 2,200 6,200 1,300 11,200 35,5 2,2 6, 1,3 1 ,2 1,000 5,000 4,500 1,000 5, 4,5 107,244 107,244 (4,173) (4,173) 500 800 8 - -

e e

600 750 75 48,500 2,200 4,500 1,000 1,500 2,000 48,50 2,2 4,5 1,0 ,5 2,0 7,000 2,000 7,000 2, 108,400 108,400 (7,725) (7,725) - -

Office, Gifts/Donations Payroll (milfoil/boat ramp/dredging) Payroll (milfoil/boat ramp/dredging) ostage

f f

Postage Printing rinting

Public Forums/Annual Meeting ublic Forums/Annual Meeting Safety Patrol Program, supplies & wardens Safety Patrol Program, supplies & wardens ndy N rrows Restoration Sandy Narrows Restoration cholarships

g g

Scholarships Watershed Watershed ebsite & Database Website & Database Total Expense Total Expense Total Income less Expense Total Income less Expense

h h

i i

Notes: a) 2015 reflects investment losses due to market conditions. 2016 growth in reserves help cover op costs. b) Extensive repairs needed to several of our boats in 2015 including new motor for safety patrol Notes: a) 2015 reflects investment losses due to market conditions. 2016 growth in reserves help cover op costs. b) Extensive repairs needed to several of our boats in 2015 including new motor for saf ty patrol c) Minor maintenance planned but almost twice as much as 2015 d) Purchased new boat ramp signs in 2015; 2-w y boat comms in 2016 e) Merchandise purchases higher to build inventory & support sales in 2015 f) Payroll i 2015 reflects reduced milfoil removal and shorter season g) Safety program increased to provide extra patrol coverage h) Watershed costs for remediation efforts on priority sites i) Although the budget is not 'b lanc d' any funds needed at year-end will be drawn from Reserves Little Sebago Lake Association -- Balance Sheet as of Year-end c) Minor maintenance planned but almost twice as much as 2015 d) Purchased new boat ramp signs in 2015; 2-way boat comms in 2016 e) Merchandise purchases higher to build inventory & support sales in 2015 f) Payroll in 2015 reflects reduced milfoil removal and shorter season g) Safety program increased to provide extra patrol coverage h) Watershed costs for remediation efforts on priority sites i) Although the budget is not 'balanced' any funds needed at year-end will be drawn from Reserves Little Sebago Lake Association -- Balance Sheet as of Year-end

12/31/14 12/31/15 Difference 12/31/14 12/31/15 Difference

Assets: Assets:

Endowment Endowment Operating Account Operating Account Reserves Reserves Total Assets Total Assets

$ $ $ $ $ $ $ $

13,164 22,946 137,954 174,064 13,164 22,946 137, 54 74,06

$ $ $ $ $ $ $ $

16,616 27,716 134,598 178,930 16,616 27,7 134,598 78,930

$ $ $ $ $ $ $ $

3,452 4,770 (3,356) 4,867 3,452 4,770 (3,356) 4,867

Liabilities: Liabilities:

- -

- -

- -

Net Worth: Net Worth:

174,064 174,064

178,930 178,930

4,867 4,867

8