CANMET Hamilton RE Sub-Group Treasurer Report Presented AGM November 23, 2022

CANMET Hamilton RE Sub-Group Treasurer Report Presented AGM November 23, 2022

Finance Report July 1, 2020 – June 30, 2021

• This Finance Report consists of, as per PIPSC HQ’s requirement, one year (July 2020 – June 2021) Finance Report.  

     Main Activities

• The starting balance on July 1, 2020, was $XXX.   PIPSC approved the 2019-2020 Finance Reports and deposited annual allowance of to the sub-group’s account.

• The Executive has not organized any in-person events in 2020-2021.

• A lump sum of $XXX was approved for award and lunch for the Dr. Lo Memorial TT Tournament in 2020. This amount was provided to the event organizers in the previous December. However, this is not yet spent as the event was postponed due to Covid closure. Cash was returned to the Executive. Of this amount $XXX was donated to food bank during Christmas. Remaining $XX was retained by the Executive for future expenses
• Expenses of Sub-group activities from 1 July 2020 to June 30 2021, is provided below:

• The carried-over balance on the Sub-group account as of June 30,2021 is $XXX; this includes the interest payments.

• All statements of the group bank account and all receipts for expenditures are available for any member’s review at any time.

Finance Report July 1, 2021 – June 30, 2022

• This Finance Report covers one year (July 2021 – June 2022) as per PIPSC HQ’s requirement.  

     Main activities

• The starting balance on July 1, 2021, was $XXX. PIPSC approved the 2020-2021 finance reports. PIPSC did not deposit new funds as the leftover is more than $XXX.  

• The Executive has not organized in-person events or AGM in 2021-2022.

• The Executive hold in-hand $XX from the previous year for the expenses but this was not spent as no meetings or events were organized.
• No Expenses were made as no Sub-group activities from 1 July 2021 to June 30, 2022:

• The carried-over balance on the Sub-group account as of July 1, 2022, is $XXX; this includes the interest payments. Also, the Executive retained $XX in hand from previous year.
• All statements of the group bank account and all receipts for expenditures are available for any member’s review at any time.

CANMET Hamilton RE Sub-Group

2022 – 2023 Annual Budget

Presented at

Annual General Meeting (AGM)

Wednesday November 23, 2022

July 1, 2022 – June 30, 2023