WC-FinRep04 July 20/04 Rev. Aug. 22

WINDSURFING CANADA -- FINANCIAL REPORT -- 2004 A.G.M.

Regina Beach, Saskatchewan – J. Darling, Chair & Treasurer reporting

EXPENSES

ITEM 2002 2003 2004 to date

Administration 1367.04 697.39 491.24

(incl. Postage)

Bank Chges 116.11 103.04 103.80

C.Y.A. Class Dues 75.00 75.00 75.00 FINAL

I.W.A. Dues 428.68 640.18 862.03 FINAL

Insurance 702.00($2M) 1080.00($5M) 1080.00 FINAL

Medals 233.62 760.65 14.95

Miscellaneous 100.35 771.18* 140.00**

+KWC 340.00

P.O. Box 154.08 154.08 91.04 FINAL

Printing 558.76 678.51 873.56

Subs/Pubs 53.97 45.00 20.00

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TOTALS 4129.61 5005.03 3751.62***

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RECEIPTS

Memberships

& Donations 3076.00 4194.00 3009.00

FE N.A.charters 810.00

Sanction Fees 250.00 250.00 750.00****

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TOTAL 3326.00 4444.00 4569.00

(*misc: see over)

*Miscellaneous items 2003:

Promo PWA (Sam’s) calendars 170.00

YTF youth regatta subsidy (OSA) 75.00

AGM room 107.60

Windsure W. (contra for J.D. acc.) 180.83

Wind meter & regatta supplies 168.75

Print labels & other 70.00

Total 771.18

**Miscellaneous items 2004:

Label output Spring mailing 50.00

URL host fees 90.00

Total 140.00

***estimated additional unpaid expenses

J.D. expenses QWT#4 50.00

CNWC medals & inscriptions 500.00

****additional sanction fees payable

QWT #3 B de B QC 250.00

CNWC 1000.00

QWT #5 B de B QC 500.00

(3 x $250 paid by Barrie, QWT#1 & QWT #4)