Retirees' Newsletter

Faculty & Librarian Retirees' Association, University of Windsor.

April, 1995. #12.

FINANCIAL OVERVIEW OF THE FIRST FIVE YEARS
(to 31st December 1994)

The following data, which were presented to the Spring Meeting by the then Secretary Treasurer, show the principal areas of income and expenditure of the Association during its first five years. In the case of expenditures, the pie-chart is meant to highlight the relative importance of the various types of expenditure.

INCOME

The Association's income is derived exclusively from annual dues paid by the membership. These dues started at $15. and were cut to $10 per year in 1992.

TOTAL income for the (approximately) five-year period is shown in the following:

EXPENDITURES

The amounts of expenditure, by main categories, were as follows. Disbursements are made only through double-signed cheques.

1) Publication of The Newsletter, including the cost of distributing it, accounted for about half the total expenditures over the period. This amounted in total to about $1210., covering ten issues. Of the $1210. somewhat more that half went for envelopes and postage, the rest for the costs of preparing and printing the issues. These latter costs were almost exclusively for photocopying, collating, and stapling.

2) Other operational costs: These include all costs of supplies (apart from The Newsletter): cards and flowers, all other printing costs (agendas, announcements), stamps, receipt books, bank charges, etc. They amounted to some $363.00 over the total period.

3) The Contributions category includes $400 to our Bursary Fund, and $150 to the U. for picture framing. Total: $550.

4) The Meeting Costs refer to the charges for the coffee supplied by the University at the meetings. (Donuts were dropped from the agenda years ago when it was discovered what they were costing!). Meeting costs totalled $278.

Expenditures thus amounted in total to approximately $2401.00 over the entire period, with a healthy bank balance most of the time (presently around $1100.) acting as a buffer. The Association may wish to consider such questions for the future as whether the relative direction of our expenditures is satisfactory, and if any better use may be used of the cash balance.

Any member is, of course, entitled to enquire into any aspect of the finances, and in fact to look at all books and records.

W.G.Phillips., Sec-treas. as of 23 March 1995.

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