|
|
2005
Budget |
|
|
INCOME |
|
|
| |
Checkoff Income |
|
|
|
License Fees (Gross) |
$2,720,000 |
|
| |
Less: |
|
|
| |
CCA |
173,264 |
|
| |
National
Checkoff |
1,060,800 |
|
| |
Ontario Veal
Association |
417,963 |
|
| |
Commissions |
50,000 |
|
| |
Packer Credit |
8,000 |
|
| |
7 Day Dealer
Discount |
|
|
| |
CHECKOFF INCOME |
$ 1,009,973 |
|
| |
|
|
|
| |
Other Income |
|
|
|
Interest/Investment Income |
30,000 |
|
|
Toronto Stockyards Land Development
Board |
474,000 |
|
|
Lease Revenue |
16,320 |
|
|
Brand Registration |
1,200 |
|
|
SUBTOTAL |
$ 521,520 |
|
|
|
|
|
|
|
|
|
|
Income from Operations |
$1,531,493 |
|
| |
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Administration and General |
|
|
| |
Elected Officers
Remuneration |
150,700 |
|
| |
Elected Officers Expenses |
115,000 |
|
|
Salaries and Benefits |
565,082 |
|
| |
Less: Salaries transferred
out |
(116,500) |
|
| |
Net Salaries and benefits |
448,582 |
|
| |
Staff Expenses |
35,000 |
|
| |
Staff Training |
4,000 |
|
|
Postage |
12,300 |
|
|
Premises Costs |
64,000 |
|
|
Office supplies/equipment rental |
54,325 |
|
|
Telephone and fax |
17,425 |
|
|
Legal |
16,000 |
|
|
Audit and accounting |
8,500 |
|
|
Amortization |
23,000 |
|
|
Annual Meeting - Hotel &
Voting Delegates |
80,000 |
|
|
|
|
|
|
SUBTOTAL |
1,028,832 |
|
|
|
|
|
|
Elected Officers remuneration |
150,700 |
|
|
Elected Officers expenses |
115,000 |
|
|
Annual Meeting - Hotel & Voting Delegates |
60,000 |
|
|
|
|
|
|
SUBTOTAL |
$
995,100 |
|
|
Memberships: |
|
|
|
OACC/AAC/OARC |
1,500 |
|
|
OFAC |
30,000 |
|
|
OAFE |
500 |
|
|
OFA |
500 |
|
|
OFC |
1,500 |
|
|
OIMPP |
500 |
|
|
Grants |
|
|
|
County Grants
& Insurance |
55,500 |
|
|
Miscellaneous Grants |
4,000 |
|
|
Communications |
80,000 |
|
|
Lobbying Expenses |
70,000 |
|
| |
Trade Missions |
5,600 |
|
|
Weigh and Trim Inspector |
40,000 |
|
|
License Fee Enforcement |
70,000 |
|
|
SUBTOTAL: ASSOCIATION ACTIVITIES |
$ 359,600 |
|
|
|
|
|
|
Toronto Stockyards Land Development Board:
Research, Industry Development and Market Development |
237,000 |
|
| |
Quality Starts Here |
70,000 |
|
| |
Corn Fed Project |
100,000 |
|
|
|
|
|
|
TOTAL OPERATING EXPENDITURES |
$ 1,795,432 |
|
| |
|
|
|
| |
GAIN/LOSS ON OPERATIONS |
$ (263,939) |
|
| |
|
|
|
| |
Project Income |
|
|
| |
Mature Cow Fund |
87,000 |
|
| |
Deadstock |
100,000 |
|
| |
R&D |
50,000 |
|
| |
QSH |
30,000 |
|
| |
|
|
|
| |
SUB TOTAL |
$ 267,000 |
|
| |
|
|
|
| |
TOTAL INCOME |
$ 3,061 |
|
| |
|
|
|
|
|
|
|
| |
|
|
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|
