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Little Sebago Lake Association ~ 2016 Actual & 2017 Budget
Little Sebago Lake Association -- 2016 - 2017 Budget
Budget
Actual
Difference Budget
2016
2016
2016
2017 Notes:
Revenue:
Donations
44,600
$
41,309
$
(3,291)
$
43,225
$
Endowment Fund
5,500
$
5,551
$
51
$
5,500
$
Fundraising
10,500
$
13,880
$
3,380
$
12,000
$
Grant Revenue
27,571
$
27,571
$
-
$
21,911
$
Interest & Dividends
2,000
$
-
$
(2,000)
$
3,500
$
a
b
Merchandise Revenue
12,500
$
12,176
$
(324)
$
5,000
$
Miscellaneous
400
$
350
$
(50)
$
500
$
Total Income
103,071
$
100,836
$
(2,235)
$
91,636
$
Disbursements:
Bank Charges & PayPal
200
$
185
$
(15)
$
200
$
Boats
11,800
$
13,796
$
1,996
$
11,000
$
c
Dam Maintenance
2,000
$
838
$
(1,162)
$
3,000
$
Equipment Purchases
500
$
460
$
(40)
$
3,500
$
d
Fundraising Expenses
1,800
$
1,588
$
(212)
$
1,400
$
Gas
1,400
$
614
$
(786)
$
1,000
$
Insurance
7,044
$
4,826
$
(2,218)
$
5,844
$
Legal & Accounting
500
$
425
$
(75)
$
500
$
Licenses/Permits
100
$
74
$
(26)
$
100
$
Loon Protection
500
$
$ 37
(463)
$
500
$
Merchandise Purchases
11,300
$
7,370
$
(3,930)
$
4,100
$
e
Milfoil supplies etc.
1,900
$
1,149
$
(751)
$
1,800
$
Miscellaneous
500
$
132
$
(368)
$
500
$
Office, Gifts/Donations
800
$
500
$
(300)
$
800
$
Payroll (milfoil/boat ramp/dredging)
40,300
$
28,978
$
(11,322)
$
36,200
$
f
Postage
2,200
$
1,387
$
(813)
$
2,000
$
Printing
6,200
$
4,601
$
(1,599)
$
6,000
$
Public Forums/Annual Meeting
1,300
$
909
$
(391)
$
900
$
Safety Patrol Program, supplies & wardens
6,400
$
4,403
$
(1,997)
$
8,000
$
g
Sandy Narrows Restoration
-
$
$ 263
263
$
500
$
Scholarships
$ 1,000 $ 1,000
-
$
1,000
$
Watershed
5,000
$
691
$
(4,309)
$
5,000
$
h
Website & Database
4,500
$
1,090
$
(3,410)
$
2,500
$
Total Expense
107,244
$
75,317
$
(31,927)
$
96,344
$
Total Income less Expense
(4,173)
$
25,520
$
(4,708)
$
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
Assets:
12/31/15 12/31/16 Difference
Endowment
16,616
$
21,254
$
4,638
$
Operating Account
27,716
$
49,762
$
22,045
$
Reserves
134,598
$
143,674
$
9,076
$
Total Assets
178,930
$
214,690
$
35,759
$
Liabilities:
-
$
-
$
-
$
Net Worth:
178,930
$
214,690
$
35,759
$
Little Sebago Lake Association -- 2016 - 2017 Budget
Budget
Actual
Difference Budget
2016
2016
2016
2017 Notes:
Revenue:
Donations
44,600
$
41,309
$
(3,291)
$
43,225
$
Endowment Fund
5,5
5,551
5
5,500
Fundraising
10,
13,880
3,380
12,0
Grant Revenue
27, 71
27,571
-
21,911
Interest & Dividends
2,000
-
(2,000)
3,500
a
b
Merchandise R venue
1 ,5
12,176
(324)
5,0
iscellaneous
400
$
350
$
(50)
$
500
$
Total Income
103,071
$
100,836
$
(2,235)
$
91,636
$
Disbursements:
Bank Charges & PayPal
200
$
185
$
(15)
$
200
$
oats
11,8
13,796
1,996
11,0
c
Dam Maintenance
2,0
838
(1,162)
3,
Equipme t Purchases
5
460
(40)
,5
d
Fundraising Expenses
1,8
1,588
(212)
1,4
Gas
,4
614
(786)
,0
Insurance
7,044
4,826
(2,218)
5,844
Legal & Accounting
500
$
425
$
(75)
$
500
$
Licenses/Permits
100
$
74
$
(26)
$
100
$
Loon Protection
500
$
$ 37
(463)
$
500
$
Merchandise Purchases
11,3
7,370
(3,930)
4,1
e
ilfoil supplies etc.
,9
1,149
(751)
1,8
iscellaneous
5
32
(368)
5
Offic , Gifts/Donations
8
500
( 00)
8
Payroll (milfoil/boat ramp/dredging)
40,3
28,978
(11, 22)
36,2
f
ostage
2,2
1,387
(813)
2,0
rinting
6,
4,601
(1,599)
6,
ublic Forums/Annual Meeting
1,3
9 9
(3 1)
9
Safety Patrol Program, supplies & wardens
6,4
4,4 3
(1,997)
8,0
g
ndy N rrows Restoration
-
26
263
5
cholarships
1,000 1,000
-
1,0
Watershed
5,
691
(4,309)
5,
h
ebsite & Database
4,5
1,0 0
(3,410)
2,5
Total Expense
107,244
$
75,317
$
(31,927)
$
96,344
$
Total Income less Expense
(4,173)
$
25,520
$
(4,708)
$
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/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
Assets:
12/31/15 12/31/16 Difference
Endowment
16,616
$
21,254
$
4,638
$
Operating Account
27,7
49,762
22,045
Reserves
134,598
1 3,674
9, 76
Total Assets
78,930
214, 90
35,759
Liabilities:
-
$
-
$
-
$
Net Worth:
178,930
214,690
35,759