Financial Update

MEOA Financial Update2022

Financial Update

Your MEOA Executive Committee has planned events in 2022 including:*2022 MEOA PD Day, May 26 – Oxford Hills Golf Club*2022 AGM/Spring Meeting, June 21-22 – Hilton Meadowvale Mississauga

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Payment of membership fees for all members will be required in 2022.*

New for 2022 is a restructuring of membership to include a corporate membership fee structure as follows:Individual Membership – $75Corporate Membership – Up to 5 members – $325Corporate Membership – Up to 10 members – $6002021 Financial ReportRevenues include $1,750 in miscellaneous revenues form job postings.

Administrative expenses including items related to web site fees and insurance total $4,255.38HST payments of $5,889.28 (2019 & 2020)Reconciled Bank Balance Jan 1, 2021 – $27,433.25Reconciled Bank Balance December 31, 2021 – $17,322.67*

Your MEOA executive made the decision not to solicit membership fees in 2021 as the decision was made to not attempt events and to minimize operating costs as much as possible.

2020 Financial Report Revenues totaled $25,115.00. Included in this amount is $20,540 to be applied to 2022 events. Expenses totaled $34,871 of which $15,900 is attributed to deposits and payments that are applied to 2022 events. HST Remittance – $1,491.32Reconciled Bank Balance December 31, 2020 – $27,433.552019

Financial ReportTotal revenues from all sources – $94,343.82Total expenses – $84,452.39 HST Remittance – $3,286.87Reconciled Bank Balance Jan 1, 2019 – $25,982.35

Reconciled Bank Balance December 31, 2019 – $33,873.78