4880-R2_ML&P_LSLA_2017_Web_SummerNewsletter

Little Sebago Lake Association ~ 2016 Actual & 2017 Budget Little Sebago Lake Association -- 2016 - 2017 Budget Little Sebago Lake Association -- 2016 - 2017 Budget

Budget Budget 2016 2016

Actual 2016 Actual 2016

Difference Budget Difference Budget 2016

2017 Notes: 2017 Notes:

2016

Revenue: Revenue: Donations Donations Endowment Fund Endowment Fund 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

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

44,600 5,500 10,500 27,571 2,000 12,500 44,600 5,5 10, 27, 71 2,000 1 ,5 400 103,071 400 103,071 200 200 11,800 2,000 11,8 2,0 5 500 1,800 1,400 7,044 1,8 ,4 7,044 500 11,300 1,900 11,3 ,9 5 40,300 2,200 6,200 1,300 6,400 40,3 2,2 6, 1,3 6,4 500 800 8 500 100 500 100 500 5,000 4,500 4,5 107,244 107,244 (4,173) (4,173) 5, - -

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

41,309 5,551 13,880 27,571 41,309 5,551 13,880 27,571 12,176 - - 12,176 350 100,836 350 100,836 185 185 13,796 13,796 838 838 460 460 1,588 1,588 614 4,826 614 425 4,826 7,370 1,149 1,149 32 132 500 500 28,978 1,387 4,601 28,978 1,387 4,601 9 9 4,4 3 909 4,403 26 691 691 1,0 0 75,317 25,520 1,090 75,317 25,520 425 74 74

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

(3,291) (3,291) 5 3,380 51 3,380 (2,000) (324) (2,000) (324) (50) (2,235) (50) (2,235) (15) (15) 1,996 (1,162) 1,996 (1,162) (40) (40) (212) (786) (212) (786) (2,218) (2,218) (75) (463) (3,930) (751) (368) (300) (11,322) (3,930) (751) (368) ( 00) (11, 22) (813) (1,599) (813) (1,599) (391) (1,997) (3 1) (1,997) 263 (4,309) (3,410) (31,927) (4,309) (3,410) (31,927) - - (75) (26) (26) (463) 263 - -

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

43,225 5,500 12,000 21,911 3,500 5,000 43,225 5,500 12,0 21,911 3,500 5,0 500 91,636 500 91,636 11,000 3,000 3,500 1,400 1,000 5,844 11,0 3, ,5 1,4 ,0 5,844 500 200 200 500 800 8 36,200 2,000 6,000 36,2 2,0 6, 9 900 8,000 5 500 1,000 5,000 2,500 96,344 (4,708) 5, 2,5 96,344 (4,708) 8,0 1,0 4,1 500 100 500 100 500 4,100 1,800 1,8 5

a b a b

c c d d

$ 37 $ 37 7,370

e e

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

$ 263 1,000 1,000 $ 1,000 $ 1,000

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) Town of Windham reduced watershed grant support in 2017 by $6k b) Changing leadership and approach to selling merchandise for LSLA c) Extensive repairs & improvements needed for safety patrol boat in 2016 d) Anticipate new 2-way boat/diver communications needed in 2017 e) Merchandise purchases reduced due to leadership changes in 2017 f) Payroll in 2016 reflects reduced milfoil removal; higher safety patrol cost in 2017 g) Safety program increased to provide extra patrol coverage h) Watershed costs for remediation efforts through matching grant program 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 Notes: a) Town of Windham reduced watershed grant support in 2017 by $6k b) Changing leadership and approach to selling merchandise for LSLA c) Extensive repairs & improvements needed for safety patrol boat in 2016 d) Anticipate new 2-way boat/div r communications needed in 2017 e) Merchandise purchases reduced due to leadership changes in 2017 f) Payroll in 2016 reflects reduced milfoil removal; higher safety patrol cost in 2017 g) Safety program increased to provide extra patrol coverage h) Watershed costs for remediation efforts through matching grant program i) Although the budget is not 'balanc d' any funds needed at year-end will be drawn from Reserves Little Sebago Lake Association -- Balance Sheet as of Year-end

12/31/15 12/31/16 Difference 12/31/15 12/31/16 Difference

Assets: Assets:

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

$ $ $ $ $ $ $ $

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

$ $ $ $ $ $ $ $

21,254 49,762 143,674 214,690 21,254 49,762 1 3,674 214, 90

$ $ $ $ $ $ $ $

4,638 22,045 9,076 35,759 4,638 22,045 9, 76 35,759

Liabilities: Liabilities:

- -

- -

- -

Net Worth: Net Worth:

178,930 178,930

214,690 214,690

35,759 35,759

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