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Committee of the Whole/Documents/Bike Victoria Society Financial Statements and Reports
Appendix

Bike Victoria Society Financial Statements and Reports

March 9, 2021Pages 129–1332 sections

Balance sheet and Profit & Loss report for the Bike Victoria Society for the period ending September 30, 2020.

2. APPROVAL OF AGENDA (motion to approve)
As at 30 September 2020Total Assets: $109,323.76Total Income: $226,754.81Profit (Loss): $69,274.22

Balance Sheet

As at 30 September 2020

Account This Year Last Year End
CURRENT ASSETS
Former Bank Accounts
Van City General Account 39,531.86 0.00
Van City Gaming Account 19,987.26 0.00
Coast Capital Savings Account 3,642.99 0.00
Van City Shares 7.43 0.00
Total Former Bank Accounts 63,169.54 0.00
TAX Paid
TAX Paid 516.02 0.00
Total TAX Paid 516.02 0.00
Total Current Assets 63,685.56 0.00
TERM ASSETS
Term Deposits
Term Deposits 20,000.00 0.00
Total Term Deposits 20,000.00 0.00
Total Term Assets 20,000.00 0.00
FIXED ASSETS
Furniture & Fixtures
Furniture & Fixtures 6,690.15 0.00
Accumulated Depreciation - Furn & Fixtures (2,083.64) 0.00
Computers Equipment & Software 2,122.99 0.00
Bike Valet Racks 2,436.00 0.00
Bikes & Helmets 11,972.70 0.00
Trailers 4,500.00 0.00
Total Furniture & Fixtures 25,638.20 0.00
Total Fixed Assets 25,638.20 0.00
TOTAL ASSETS 109,323.76 0.00
CURRENT LIABILITIES
TAX Paid
TAX Received 49.54 0.00
Total TAX Paid 49.54 0.00
Total Current Liabilities 49.54 0.00
TERM LIABILITIES
Business Loan CEBA
Business Loan CEBA 40,000.00 0.00
Total Business Loan CEBA 40,000.00 0.00
Total Term Liabilities 40,000.00 0.00
Total Liabilities 40,049.54 0.00
EQUITY
Equity 0.00 0.00
Plus Current Year Operating Surplus/(Deficit) 69,274.22 0.00
TOTAL CAPITAL FUNDS 69,274.22 0.00
LIABILITIES AND EQUITY 109,323.76 0.00

Page 129–133

Profit & Loss Report for Year to September: 2019/20

Income

Item Actual
Legacy Funding
GVCC 34,859.64
GVBTWS 64,389.23
Total Legacy Funding 99,248.87
Go By Bike Week Income
Corporate 1,750.00
Local Governments 8,900.00
Federal Government 7,835.10
Universities & Colleges 8,682.27
GoByBike 13,000.00
Gaming Grant 8,500.00
Personal Donations 50.00
Sponsorship 19,962.06
T-Shirt Sales 991.18
Total Go By Bike Week Income 69,670.61
Fall Bike to Work Week
Gaming Grant 5,000.00
Total Fall Bike to Work Week 5,000.00
Winter Bike to Work Week
Gaming Grant 2,000.00
Total Winter Bike to Work Week 2,000.00
Bike Skills Income
Contract Services 39,936.00
Gaming Grant 5,500.00
Total Bike Skills Income 45,436.00
Internal Income
Interest Income 386.18
Memberships 330.00
Total Internal Income 716.18
Special Events
Christmas Lights Ride 195.15
Total Special Events 195.15
Special Projects
Local Government 4,488.00
Total Special Projects 4,488.00
Total Income 226,754.81

Expenses

Item Actual
Bike to Work Week Expenses
Event Coordination 18,419.31
Contractors 238.60
Office Rental 7,301.55
Advertising 10,165.82
Storage 207.03
Refreshments 58.13
Program Materials 200.00
Total Bike to Work Week Expenses 36,590.44
Community
Advocacy 747.98
Outreach 2,482.78
Total Community 3,230.76
Fall Bike to Work Week Expenses
Event Coordination 389.07
Contractors 925.00
Office Rental 344.98
Storage 113.81
Total Fall Bike to Work Week Expenses 1,772.86
Winter Bike to Work Day Expenses
Event Coordination 1,930.54
Office Rental 86.23
Equipment Rentals 23.52
Storage 113.81
Office Supplies & Services 9.49
Program Materials & Website 283.51
Total Winter Bike to Work Day Expenses 2,447.10
Bike Skills Expenses
Event Coordination 58,746.76
Contactors 412.50
Professional Development 85.00
Equipment Rentals 296.10
Advertising 1,608.36
Storage 227.76
Program Materials 330.00
Office Supplies & Services 453.30
Transportation 632.10
Insurance 1,678.00
Accomodation 2,354.10
Refreshments 360.00
Misc Honoraria 150.00
Total Bike Skills Expenses 67,333.98
Other Expenses
Bank Charges 4.50
Planning 818.42
Misc 704.25
Total Other Expenses 1,527.17
Administration & Operations Expenses
Administration 29,652.10
Office Supplies & Services 6,486.36
Program Materials 258.14
Governance 458.41
Contractors 891.60
Professional Development 684.08
Office Rental (83.12)
Equipment Rentals 1,431.94
Advertising 194.81
Storage 812.65
Insurance 1,398.00
Website 320.08
Transportation 62.70
Utilities 1,660.53
Gift 350.00
Total Administration & Operations Expenses 44,578.28
Total Expenses 157,480.59
Profit (Loss) 69,274.22
Page 129–133
Extracted from: 2021 03 09 Committee of the Whole Agenda - Agenda - Pdf