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