7102-R4_LSLA_2020_SummerNewsletter_Web

Little Sebago Lake Association ~ 2019 Actual & 2020 Budget

Little Sebago Lake Association -- 2019 Actual & 2020 Budget

Budget

Actual

Difference Budget

2019

2019

2019

2020 Notes:

Revenue:

Donations

$ $ $ $ $ $ $

60,300 13,000 12,500 26,080

$ $ $ $ $ $ $

63,780 19,540 10,250 33,248

$ $ $ $ $ $ $

3,480 6,540

$ $ $ $ $ $ $

57,100 15,000

Endowment Gifts

a

Fundraising

(2,250)

8,000

Grant Revenue

7,168

36,800 10,000 10,500

b c

Interest & Div - Growth from Investments

-

-

-

Merchandise Revenue

10,000

10,150

150

Miscellaneous

500

329

(171)

500

Total Income

$

122,380

$

137,297

$

14,917

$

137,900

Disbursements: Bank Charges & PayPal

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

450

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

609

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

159

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

600

Boats

8,100 1,500 6,000 1,500 1,000 5,600 6,000

17,087 12,225

8,987

8,300 5,000 1,000 1,000 1,000 5,450 6,500

d e

Dam Maintenance

10,725

Equipment Purchases Fundraising Expenses

3,429

(2,572)

913 890

(587) (110) (289)

Gas

Insurance

5,311 6,234

Legal & Accounting Licenses/Permits

234

100

-

(100)

100

Loon Protection

5,000

8,256

3,256

6,000

f

Merchandise Purchases

11,250

10,913

(337)

10,500

Milfoil supplies etc.

2,050

2,105

55

2,600

Milfoil Survey Miscellaneous

-

-

-

10,000

g

250 800

15

(235)

250

Office, Gifts/Donations

1,501

701

2,500

Payroll (milfoil/boat ramp/dredging)

40,000

35,477

(4,523)

37,400

Postage Printing

3,000

2,874 9,569

(126) (431) (240)

3,000

10,000

10,000

Public Forums/Annual Meeting

1,100

860

1,000 9,700 9,000 1,000 2,500 2,000 1,500

Safety Patrol Program, supplies & wardens

10,000

8,160

(1,840)

Sandy Narrows Restoration

700

355

(345)

h

Scholarships

1,000

1,000

- -

Water Quality Testing Watershed Protection Website & Database

-

- -

i

3,000 2,500

(3,000) (1,257)

1,243

Total Expense

120,900

129,025

8,125

137,900

Total Income less Expense

$

1,480

$

8,272

$

-

j

Notes: a) Strong response to 2019 year-end endowment appeal; but expect more conservative in 2020 b) Loon grant from MCF was not budgeted in 2019; Windham doubled grant support to $10k for 2020 c) No need to use growth from investments in 2019, but plan to use $10k for 2020 d) Significant boat repairs needed in 2019 but not anticipated in 2020 e) Major repairs to dam in fall of 2019; more follow-up work needed spring 2020 f) Increased loon protection funded by grants for research work g) Planning to re-survey entire middle lake for milfoil; last done 15 yrs ago h) Hired excavator to dredge lower sandy narrows in early 2020 i) New initiative to test water quality for bacteria and algae research j) 2019 actual results showed over $8k surplus; 2020 budget assumes balanced budget

Little Sebago Lake Association -- Balance Sheet as of Year-end

Assets:

12/31/18 12/31/19 Difference

Endowment

$ $ $ $

38,363 24,832 215,395 278,590

$ $ $ $

58,093 18,394 243,512 320,000

$ $ $ $

19,731 (6,438) 28,117 41,410

Operating Account

Reserves

Total Assets

Liabilities:

$ $

-

$ $

-

$ $

-

278,590

320,000

41,410

Net Worth:

17