7507-R3_LSLA_2021_SummerNewsletter_Web

LSLA Annual Budget - Jim McBride

Little Sebago Lake Association -- 2020 Actual & 2021 Budget

Budget

Actual

Difference Budget

2020

2020

2020

2021 Notes:

Revenue:

Donations

$ $ $ $ $ $ $

57,100 15,000

$ $ $ $ $ $ $

68,543 26,496

$ $ $ $ $ $ $

11,443 11,496 (1,356)

$ $ $ $ $ $ $

66,000 23,000

Endowment Gifts Fundraising Raffle Grant Revenue

a

8,000

6,644

7,500

36,800 10,000 10,500

38,415

1,615

44,000

b c

Interest/Growth from Investments

-

(10,000)

2,000

Merchandise Revenue

16,076

5,576

15,000

Miscellaneous

500

560

60

500

Total Income

137,900 $

156,734 $

$

18,834

$

158,000

Disbursements - by Program: Courtesy Boat Inspection

$ $ $ $ $ $ $

8,895

$ $ $ $ $ $ $

9,338

$ $ $ $ $ $ $ $

443

$ $ $ $ $ $ $ $

13,850 52,700 27,600 18,500 10,200 12,500 22,650 158,000

d e

Milfoil Removal

44,640 17,190 16,800 10,500 10,800 29,075

43,597 21,278 14,338

(1,043)

Safety Patrol Program & Wardens Marketing & Communications

4,088

f

(2,462) (2,602)

g

Admin & Overhead

7,898

Merchandise

12,808 25,999

2,008

Other: Dam, Loons, Narrows, Water Qual

(3,076) (2,644)

Total Expense

137,900 $

135,256 $

Total Income less Expense

$

-

$

21,478

$

-

h

Notes: a) Strong response to 2020 year-end endowment appeal; but expect more conservative in 2021 b) Includes $10k grants from both Gray & Windham and $18k from DEP for boat inspection & milfoil c) No need to use growth from investments in 2020, but plan to use $2k for 2021 d) Increased staffing coverage for extra days due higher usage from pandemic e) Increased milfoil boat maint and staffing for milfoil crews f) Increased safety patrol hours and warden coverage due higher usage in pandemic g) Increased outreach efforts to attract and retain members h) 2020 actual results showed over $21k surplus; 2021 budget assumes balanced budget

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

Assets:

12/31/19 12/31/20 Difference

Endowment

$ $

58,093 18,394

$ $

93,087 13,318

$ $ $ $

34,994 (5,077) 35,228 65,145

Operating Account

Reserves

243,512 $ 320,000 $

278,740 $ 385,145 $

Total Assets

Liabilities:

$

-

$

-

$ $

-

320,000 $

385,145 $

65,145

Net Worth:

11