8334-R3_ML&P_LSLA_2023_SummerNewsletter_Web

LSLA Annual Budget - Jim McBride

Little Sebago Lake Association 2022 Actual and 2023 Budget

Budget

Actual

Difference Budget

2022

2022

2022

2023 Notes:

Revenue:

$ 80,000 $ 78,537 $ 30,000 $ 25,940 $ 10,000 $ 8,004 $ 60,700 $ 62,200 $ - $ - $ 76,000 $ 74,590 $ 16,000 $ 14,867

$80,000 a $26,000 a

Donations

$ (1,463) $ (4,060) $ (1,996) $ 1,500 $ (1,410) $ (1,133) $ (444) $ (9,007) $ (1,600) $ (2,477) $ (3,265) $ 695 $ (18,698) $ (14,732) $ (1,410) $ 195 $ (41,292) $ -

Endowment Gifts Fundraising Raffle Grant Revenue

$ 8,000

$52,200 b $4,000 c $- d

Interest/Growth from Investments

Transfer Reserves to offset dam upgrade

$ 15,500 $ 100 $ 185,800

Merchandise Revenue

$ 500 $

56

Miscellaneous

$ 273,200 $ 264,193

Total Income

Disbursements - by Program:

$ 10,900 $ 9,300 $ 15,300 $ 12,823 $ 22,600 $ 19,335 $ 15,000 $ 15,695 $ 72,600 $ 53,902 $ 28,900 $ 14,168 $ 76,000 $ 74,590 $ 31,900 $ 32,095 $ 273,200 $ 231,908 $ - $32,285

$ 9,600

Admin & Overhead

$14,900 e $21,000 f

Courtesy Boat Inspection Marketing & Communications

$ 15,500

Merchandise Milfoil Removal

$69,500 g $22,800 h $- d

Other: Dam, Loons, Narrows, Water Qual Dam Upgrade (offset by Reserves)

$ 32,500 $ 185,800

Safety Patrol Program & Wardens

Total Expense Total Income less Expense

$- i

Notes:

a) Donations & endowment dropped in 2002; expect slight 2% gain in 2023 b) 2022 grants from DEP, Gray, & Windham plus $5k for dam and extra $5k from Davis Conservation Foundation c) 2023 budget uses $4,000 growth from Reserve investments to balance budget d) Major $76,000 dam upgrade in 2022 funded exclusively from Reserve investments e) Increased staffing coverage for extra days using interns f) Increased outreach efforts to attract and retain members, also history & centennial projects. g) Milfoil staffing for divers & crews, boat upgrades, plus $17k for milfoil survey offset by grants h) Budget increased for dam maintenance, water quality, & watershed protection programs i) 2022 actual results showed over $32k surplus; 2023 budget assumes balanced budget

Little Sebago Lake Association -- Balance Sheet as of Year-end

12/31/2021 12/31/2022 Difference $ 145,406 $ 146,727 $ 1,321 $ 32,785 $ 44,510 $ 11,725 $ 330,710 $ 216,501 $ (114,209) $ 508,901 $ 407,738 $ (101,163)

Assets:

Endowment

Operating Account

Reserves

Total Assets

Liabilities:

$ - $ - $ - $ 508,901 $ 407,738 $ (101,163)

Net Worth:

15