Financials
Kenton on Sea Ratepayers Association
KOSRA is required to prepare a financial statement, in conformity with generally accepted accounting practice, for submission to its members at the AGM. The financial year runs from 1 November in any year to 31 October the following year.
KOSRA Financial Report 8 August 2020
| KOSRA INCOME STATEMENT | |||
|
INCOME
|
BUDGET
|
ACTUAL
|
VARIANCE + (-) |
| Subscriptions and donations | 160 000 | 95 800 | (64 200) |
| Interest income | 12 000 | 11 608 | ( 392) |
| Deficit for the period | 54 647 | ||
| TOTAL | 172 000 | 162 055 | |
| EXPENSES | |||
| Legal Fund | 100 000 | 6 897 | 93 103 |
| Recycling | 100 000 | 38 762 | 61 238 |
| Fibre Optic Cable | 50 000 | 50 000 | |
| Ekphumleni Support | 50 000 | 50 000 | |
| Invasive Vegitation | 50 000 | 32 000 | 18 000 |
| Path Clearing (Busy Bee) | 36 000 | 11 495 | 24 505 |
| Wildlife Protection | 20 000 | 40 | 19 960 |
| Tree Planting | 20 000 | 20 000 | |
| Web Page and Facebook maintenance and development | 20 000 | 21 775 | (1 775) |
| Middle Beach Braais | 20 000 | 20 000 | |
| GIS set up | 12 000 | 17 000 | (5 000) |
| Beach Cleaning | 6 000 | 220 | 5 780 |
| Dog poo bags and signs | 8 000 | 8 000 | |
| AGM Hall hire and refreshmants | 3 000 | 3 000 | |
| Water testing | 3 599 | (3 599) | |
| Road repair | 5 043 | (5 043) | |
| Sundry operating expenses | 5 224 | (5 224) | |
| TOTAL | 495 000 | 162 055 | 332 945 |
| BANK ACCOUNT | |||
| Opening Balance 01/11/19 | 133 405 | ||
| Deficit for period | (54 647) | ||
| Closing balance 08/08 /20 | 78 758 | ||
| SECURITY INCOME STATEMENT | |||
|
INCOME
|
BUDGET
|
ACTUAL
|
VARIANCE + (-) |
| Contributions | 250 000 | 167 659 | (82 341) |
| Deficit for the period | 50 000 | 64 765 | |
| 300 000 | 232 424 | ||
| EXPENSES | |||
| Hi-Tec Security | 300 000 | 232 424 | |
| BANK ACCOUNT | |||
| Opening Blance 01/11/2019 | 137 536 | ||
| Deficit for period | (64 765) | ||
| Balance 30/04/2020 | 72 771 | ||
| COVID-19 INCOME STATEMENT | |||
| INCOME | |||
| Donations received | 617 685 | ||
| EXPENSES | |||
| Food Distribuution | 465 300 | ||
| Expenses | 32 629 |
Recent: Includes R10k paid to Rotary for “Coastal Kindness”
|
|
| Surplus unspent | 119 756 | ||
| TOTAL BANK BALANCES AT 8/08/2020 | |||
| KOSRA | 78 758 | ||
| SECURITY | 72 771 | ||
| COVID | 119 756 | ||
| STANLIB | 223 714 | ||
| TOTAL | 494 999 | ||
