Financial Report – Year to date July 15, 2020

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Horseshoe Crotch Lake Property Owners Association

Membership Fees Received as of July 15, 2020        6405.67


General Liability Insurance                                                1,488.24

Office Supplies                                                                         281.97

Postage                                                                                      135.15

Printing                                                                                     376.56

Property Taxes (Boat Launch)                                               414.93

Road Maintenance                                                                 4068.00

Stripe Fee                                                                                   124.32

Website                                                                                      226.00

Total Expenses to date                                                            7115.17

Net Income                                                                              – 709.50

Chequing account balance as of July 15, 2020                   4374.95

GIC                                                                                        14,570.81

Payments outstanding                                                            4,650.00

Note:   To date we have received 50 payments through Stripe, the new payment option on the website. Although there is a fee for this service, that fee is less than the cost of printing and postage of the newsletter. The members who pay using this option will receive correspondence in the future via email which will help lower our printing and postage fees in the future.

If you have any questions or comments, feel free to contact us.

Doug Rutherford

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