KCTS FINANCIAL REPORT (1) KCTS Base Operations (Trails Maintenance) Expenditures Budget: a) Management (Insurance, accounting, telephones, etc) $ 9,000 b) Summer Program(Mgr, 3-person crew – 5 months; tools, etc.) $90,000 c) Total annual base Expenditures budget: $ 99,000 (2) KCTS Base Operations Revenues Budget: a) 7 Greater Trail municipal entities (RDKB East End) $66,000 b) City of Rossland supplement $19,000 c) Memberships & Map Sales $ 4,000 d) Total annual base Revenue budget: $ 89,000 (3) NOTE: Budget shortfall of $10,000 has been filled during recent years by KCTS taking on additional new trails projects, each of which contribute to the base operations costs. (4) Actual Experience During 2011: a) Base summer crew (Mgr + 3) worked the full 5 months. b) 2nd Crew (avg 3) worked July and September on new Bluffs Trail. c) City of Rossland (incl. $6,000 Interac Club (Rotary Youth) donation) ‘contracted’ $9,000 worth of work on urban trails within the city. d) BCGov’t contributed $2,500 for Seven Summits Trail. e) New Bluffs Trail contributions: $30,000. f) Otherwise, 2011 operations were relatively normal. (5) 2011 Expenditures: a) Base Crew (Mgr + 3) $83,175 b) 2nd Crew $36,641 c) Tools, materials & supplies $ 5,000 d) Management costs $ 9,000 Total: $133,816 e) 2011 Revenues: a) RDKB $66,560 b) City of Rossland $19,000 c) City of Rossland ‘contract work’ $9,000 d) BCGov’t $2,500 e) Bluff Trail: City of Trail & Beaver Valley Recreation $15,000 ; Teck $5,000; Waneta Expansion Project: Columbia Power Corporation, Emil Anderson, Redpath/FKCI/Waneta Tunnellers, Total: $130,560 and SNC-Lavalin $10,000 f) memberships & map sales $3,500 (6) KCTS ‘Bank Account’ Carry-Over to 2012 Season: Began 2011 with about $20,000 (built up during previous years). Used about $3,000 in 2011. Thus, about a $17,000 balance will be carried into 2012. (all this, after reserving $10,000 for a shutdown scenario). |