|
ONTARIO
CORN PRODUCERS’ ASSOCIATION
PROJECTED REVENUE AND EXPENSES |
|||
|
ANNUAL
BUDGET
|
PROJECTION
ANNUAL
TO SEPT 30th BUDGET |
||
|
2001-02
($,000) |
2002
|
2002-2003
|
|
| REVENUE | |||
| OCPA Check-off (net) |
$1,098
|
$1,196
|
$1,343
|
| Membership fees |
1
|
1
|
1
|
| Interest on General Account |
70
|
45
|
45
|
| Interest on Collateral Account |
28
|
57
|
47
|
| Service fees, farm-fed and farm-to-farm sales |
79
|
90
|
90
|
| Sub-total |
$1,276
|
$1,389
|
$1,518
|
| Advance Payment fees |
125
|
131
|
130
|
| Financial Protection Fund |
3
|
3
|
3
|
| Magazine Advertising |
260
|
272
|
272
|
| Total Revenue |
$1,664
|
$1,795
|
$1,931
|
| EXPENSES | |||
| Conventions, Semi & Annual Meetings |
49
|
49
|
49
|
| Finance/Executive |
20
|
22
|
22
|
| Grain Trade and Marketing |
122
|
115
|
91
|
| Communications |
176
|
162
|
169
|
| Research and Technology - Committee operations |
163
|
167
|
163
|
| Research and Technology - Project Sponsorships - OCPA Funds |
168
|
158
|
158
|
| Resolutions and Constitution |
1
|
1
|
1
|
| Safety Nets |
147
|
177
|
219
|
| Board Meetings and General Non-Committee |
166
|
165
|
166
|
| Market Development |
129
|
128
|
81
|
| Administration |
313
|
316
|
314
|
| National & Provincial Committees & Organizations |
55
|
52
|
52
|
| Sub-total |
$1,509
|
$1,512
|
$1,485
|
| Farm
Financial Programs (Advance Payments) Financial Protection Fund and Ontario Corn Producer Magazine |
|||
| Farm Financial Programs |
144
|
148
|
146
|
| Financial Protection Fund |
3
|
3
|
3
|
| Ontario Corn Producer Magazine |
215
|
213
|
205
|
| Agri e-Business |
138
|
127
|
138
|
| Amortization |
44
|
45
|
56
|
| Organization Re-Structuring Costs |
0
|
134
|
49
|
| Total Expenses |
$2,053
|
$2,182
|
$2,081
|
| Surplus or Deficit |
($389)
|
($387)
|
($150)
|
| Transfer from Research Reserve |
$0
|
$0
|
$158
|
| Surplus
or Deficit After Transfer to Research Reserve |
($389)
|
($387)
|
$8
|
| 1) Members’ Equity as of Sep. 30, 2001, excluding research reserve = $1,252,592. | |||
| 2) Projected Members’ Equity as of Sep. 30, 2002, excluding research reserve = $865,592. | |||
| 3) Projected Members’ Equity as of Sep. 20, 2003, excluding research reserve = $873,592. | |||
| 4) Projected research reserve, as of Sep. 30, 2002 = $412,130. | |||
| 5) Projected research reserve, as of Sep. 30, 3002 = $254,130. | |||
1