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Little Sebago Lake Association 2015-2016 Budget
Little Sebago Lake Association -- 2015 - 2016 Budget
Budget
Actual
Difference Budget
2015
2015
2015
2016 Notes:
Revenue:
Donations
32,500
$
30,402
$
(2,098)
$
31,100
$
Membership Dues
18,750
$
18,625
$
(125)
$
19,000
$
Fundraising
10,500
$
12,870
$
2,370
$
10,500
$
Grant Revenue
24,625
$
24,625
$
-
$
27,571
$
Interest & Dividends
4,000
$
(3,989)
$
(7,989)
$
2,000
$
a
Merchandise Revenue
10,000
$
14,143
$
4,143
$
12,500
$
Miscellaneous
300
$
530
$
230
$
400
$
Total Income
100,675
$
97,206
$
(3,469)
$
103,071
$
Disbursements:
Bank Charges & PayPal
300
$
158
$
(142)
$
200
$
Boats
11,000
$
17,525
$
6,525
$
11,800
$
b
Dam Maintenance
2,000
$
1,090
$
(910)
$
2,000
$
c
Equipment Purchases
2,000
$
3,019
$
1,019
$
500
$
d
Fundraising Expenses
2,000
$
1,711
$
(289)
$
1,800
$
Gas
1,750
$
964
$
(786)
$
1,400
$
Insurance
8,600
$
6,850
$
(1,750)
$
7,044
$
Legal & Accounting
500
$
405
$
(95)
$
500
$
Licenses/Permits
200
$
73
$
(127)
$
100
$
Loon Protection
500
$
-
$
(500)
$
500
$
Merchandise Purchases
8,300
$
14,026
$
5,726
$
11,300
$
e
Milfoil supplies etc.
1,200
$
1,878
$
678
$
1,900
$
Miscellaneous
600
$
161
$
(439)
$
500
$
Office, Gifts/Donations
750
$
190
$
(560)
$
800
$
Payroll (milfoil/boat ramp/dredging)
48,500
$
27,412
$
(21,088)
$
35,500
$
f
Postage
2,200
$
1,981
$
(219)
$
2,200
$
Printing
4,500
$
5,642
$
1,142
$
6,200
$
Public Forums/Annual Meeting
1,000
$
1,424
$
424
$
1,300
$
Safety Patrol Program, supplies & wardens
1,500
$
1,650
$
150
$
11,200
$
g
Sandy Narrows Restoration
2,000
$
-
$
(2,000)
$
-
$
Scholarships
-
$
-
$
-
$
1,000
$
Watershed
7,000
$
5,000
$
(2,000)
$
5,000
$
h
Website & Database
2,000
$
1,184
$
(816)
$
4,500
$
Total Expense
108,400
$
92,340
$
(16,060)
$
107,244
$
Total Income less Expense
(7,725)
$
4,867
$
(4,173)
$
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
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
Assets:
12/31/14 12/31/15 Difference
Endowment
13,164
$
16,616
$
3,452
$
Operating Account
22,946
$
27,716
$
4,770
$
Reserves
137,954
$
134,598
$
(3,356)
$
Total Assets
174,064
$
178,930
$
4,867
$
Liabilities:
-
$
-
$
-
$
Net Worth:
174,064
$
178,930
$
4,867
$
Little Sebago Lake Association -- 2015 - 2016 Budget
Budget
Actual
Difference Budget
2015
2015
2015
2016 Notes:
Revenue:
Donations
32,500
$
30,402
$
(2,098)
$
31,100
$
Membership Dues
18,75
18,625
(125)
19,0
Fundraising
0,50
2,870
2,370
0,5
Grant Revenue
24,625
24,625
-
27, 71
Interest & Dividends
,000
(3,989)
(7,989)
2,000
a
Merchandise R venue
10,
14,143
4,143
1 ,5
iscellaneous
300
$
530
$
230
$
400
$
Total Income
100,675
$
97,206
$
(3,469)
$
103,071
$
Disbursements:
Bank Charges & PayPal
300
$
158
$
(142)
$
200
$
oats
11,0
17,525
6,525
11,8
b
Dam Maintenance
2,
1,090
(910)
2,0
c
Equipme t Purchases
,
3, 19
1,0 9
5
d
Fundraising Expenses
,
1,7 1
(28 )
1,8
Gas
1,75
964
(7 6)
,4
Insurance
8,60
6,850
(1, 50)
7,044
Legal & Accounting
500
$
405
$
(95)
$
500
$
Licenses/Permits
200
$
73
$
(127)
$
100
$
Loon Protection
500
$
-
$
(500)
$
500
$
Merchandise Purchases
8,3
14,026
5,726
11,3
e
ilfoil supplies etc.
1,2
1,878
678
,9
iscellaneous
6
161
(439)
5
Offic , Gifts/Donations
75
90
(560)
8
Payroll (milfoil/boat ramp/dredging)
48,50
27,412
(21,088)
35,5
f
ostage
2,2
1,981
(219)
2,2
rinting
4,5
5,642
1,142
6,
ublic Forums/Annual Meeting
1,0
1,424
424
1,3
Safety Patrol Program, supplies & wardens
,5
,650
150
1 ,2
g
ndy N rrows Restoration
2,0
-
(2,00 )
-
cholarships
-
-
-
1,000
Watershed
7,000
5,000
(2,000)
5,
h
ebsite & Database
2,
1,184
(816)
4,5
Total Expense
108,400
$
92,340
$
(16,060)
$
107,244
$
Total Income less Expense
(7,725)
$
4,867
$
(4,173)
$
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 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
Assets:
12/31/14 12/31/15 Difference
Endowment
13,164
$
16,616
$
3,452
$
Operating Account
22,946
27,7
4,770
Reserves
137, 54
134,598
(3,356)
Total Assets
74,06
78,930
4,867
Liabilities:
-
$
-
$
-
$
Net Worth:
174,064
178,930
4,867