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Report of the Treasurer - AGM 2005
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Report of the Treasurer
Chebucto Community Net Society
Annual General Meeting 2005

[Photo: Treasurer Bernard Hart]

The financial statement for 2005 is based on an independent financial report prepared by a professional accountant.

I regret to report that for a second year we have incurred a deficit. At our last AGM we indicated we had hoped revenues could be increased. This increase did not occur. In fact revenues decreased. Other low cost services and "high speed" connectivity are attracting Chebucto members. We are very discouraged to find that "text users" often select another service when they upgrade.

The Board is concerned that our revenue is continuing to decrease. During the last year it fell by 4.6%. While the surpluses we were able to accumulate in the past provide a temporary cushion against such difficulties, these are being depleted. A change in our current situation is essential if we are to survive. The surpluses were derived from special projects which CCN took on and were not a result of revenue from the service.

For 2006 we are again projecting a deficit. However, we believe the experiments we intend to pursue with respect to WiFi offer an opportunity to attract new users but we will require the support of the membership at large in promoting this opportunity.

We continue to be pleased with the results of our arrangement with IATS Ticket Master through which we were able to reduce the level of fees we were being charged.

I would like to express a vote of thanks to Andrew Wright our Office Manager who has done an excellent job maintaining our financial records and in maintaining an ongoing contact with you the members.

Treasurer's 2006 Budget

Statement of Income and Surplus

Balance Sheet


Bernard Hart

Chebucto Community Net




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