| BCIT RETIREES' ASSOCIATION | |||||||||
| FINANCIAL STATEMENT | |||||||||
| For the period from 1 January to 31 December, 2010 | |||||||||
| Total assets on hand at the beginning of period | $ | 6551.60 | |||||||
| Consisting of: | |||||||||
| Cash | $ | 726.27 | |||||||
| Investment savings | 5825.33 | ||||||||
| $ | 6551.60 | ||||||||
| RECEIPTS IN PERIOD | |||||||||
| Dining/travel deposits | 2442.26 | ||||||||
| Membership dues | 1108.00 | ||||||||
| Miscellaneous | 94.00 | ||||||||
| Interest earned | 65.24 | ||||||||
| TOTAL RECEIPTS | $ | 3709.50 | |||||||
| EXPENDITURES IN PERIOD | |||||||||
| BCIT Foundation | 2000.00 | ||||||||
| Dining/travel payments | 1909.04 | ||||||||
| Internet expenses | 38.80 | ||||||||
| Miscellaneous | 72.80 | ||||||||
| Subscriptions (COSCO) | 140.00 | ||||||||
| Office | 81.86 | ||||||||
| TOTAL EXPENDITURE | $ | 4242.50 | |||||||
| EXCESS OF RECEIPTS OVER EXPENDITURE | -533.00 | ||||||||
| TOTAL ASSETS ON 31 December, 2010 | $ | 6018.60 | |||||||
| Consisting of: | |||||||||
| Cash | 128.25 | ||||||||
| Investment savings | 5890.35 | ||||||||
| $ | 6018.60 | ||||||||
| * See Notes overleaf | |||||||||
| Presented 9 March, 2011 (Robert Wagner, Treasurer) | |||||||||