Annual report 2008/Finance Steward

From EcoReality

It was a slow year financially for EcoReality. Investment Shares increased for Jan to $387,349.79; Carol to $386,683.52; James to $43,630.95 and Shannon to $43,630.95. These increases reflect improvements to EcoReality Lite by way of insulation of the floors in both the main house and cottage; closet organizers; gutter on the back of the shop. The increase also includes a 2.3% dividend based on Stats Can that was added to shares.

The current balance in the checking account is: $2151.34. There is $500.00 in a term deposit of which $425.00 is the security deposit on the cottage. There is also $5.00 in Member Shares at Island Savings. All for a grand total of $2656.34. Cash Flow Report showing Inflows of $6053.00 and out flows of $4414.05, with a net balance of $1638.95. Income Statement (Profit & Loss) showing Income of $5380.02 and Expense of $3693.18 with a net loss of $1686.84. The Balance Sheet states the Assets as $863,738.26 and the Liabilities as $865,490.21 with Equity as -$1751.95.