Annual
Financial Report 2010
The following is the consolidated
statement of operations for the Miramichi Salmon Association for the year ended December 31, 2010.
MIRAMICHI SALMON ASSOCIATION, INC. CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31 | | | | 2010 | 2009 |
| Revenue
| | | | |
| Fundraising
Dinners | | | 245,877 | 184,397 |
Maintenance Contract
Transfers from MSA
(U.S.) Inc. | | 95,000
80,089 | -
65,252 |
| Membership
and Donations | | 43,015 | 43,422 |
| Government Grants | | | 153,960 | 128,921 |
| Fish
Sales | | | 181,770 | 232,242 |
| Investment Income | | | - | 46 |
| Rental Income | | | 28,663 | 27,864 |
| Miscellaneous
Income | | | 9,616 | 6,599 |
| MWMC Joint Income | | | 14,623 | 21,355 |
| | | | 852,613 | 710,098 |
| Expenses | | | | |
| Salaries
and benefits | | | 356,905 | 337,047 |
| Office expenses | | | 105,833 | 86,778 |
| Publicity and newsletter | | | 10,904 | 8,370 |
| Travel | | | 10,032 | 11,187 |
| Fund raising expenses | | | 6,306 | 4,789 |
| Operations | | | 262,301 | 201,859 |
| River projects | | | 115,230 | 115,482 |
| Jack
Fenety Scholarship | | | 10,200 | 10,200 |
| | | | 877,711 | 775,712 |
| | | | | |
| (Deficiency)
Excess of Revenue over Expenses | ( 25,098) | ( 65,614) |
| | | | | |
| | | | | |
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