FINANCIAL STATEMENT FOR 2023/2024
 
REVENUE                                             2022/2023                                          2023/2024
 
EARLY BIRD                                         $20,000.00                                         $17,500.00 note#1
LEAGUE FEES                                       $3,750.00                                            $2,050.00 note#2
PRACTICE FEES                                    $36,700.00                                         $45,300.00 note#3
REFEREE FEES                                      $8,000.00                                           $7,600.00 note#4
PROVINCIAL FEES                                $8,125.00                                            $9,550.00 note#5
TRYOUT FEES                                      $6,825.00                                            $8,118.00 note#6
PLAYER REG.                                       $195,252.00                                       $207,954.00 note#7
CITY SUBSIDY                                      $30,960.00                                          $32,280.00 note#8
ICE REVENUE                                       $17,745.00                                          $24,770.00 note#9
MISC REVENUE                                   $20,766.00                                          $23,471.00 note#10
KIDSPORT                                            $7,010.00                                           $8,498.00 note#11
DEVELOPMENT                                   $420.00                                               $10,966.00 note#12
TOTAL REVENUE                                 $355,553.00                                       $398,057.00
 
EXPENSES
REFEREES                                            $27,921.00                                          $38,310.00 note#13
EDUCATION & TRAINING                    $2,262.00                                            $4,006.00 note#14
EQUIPMENT & JERSEYS                      $4,821.00                                            $21,588.00 note#15
MISC EXPENSE                                    $9,633.00                                            $11,744.00 note#16
OFFICE EXPENSES                                $4,037.00                                            $4,005.00 note#17
HPEI REGISTRATION                            $17,442.00                                          $25,281.00 note#18
HPEI INSURANCE                                 $12,980.00                                          $15,770.00 note#19
HPEI LEAGUE FEES                              $2,050.00                                            $2,225.00 note#20
HPEI PROVINCIAL FEES                       $8,625.00                                            $9,690.00 note#21
ICE(CODY BANKS)                               $91,687.00                                         $92,139.00 note#22
ICE(BELL ALIANT CENTRE)                   $107,196.00                                        $143,677.00 note#23
ICE(EASTLINK CENTRE)                       $25,638.00                                         $24,750.00 note#24
ICE(MORELL)                                       $0.00                                                   $13,809.00 note#25
GIFTS & PLAQUES                               $1,322.00                                            $1,221.00 note#26
REGISTRATION REFUND                      $7,390.00                                            $9,267.00 note#27
BANK CHARGES                                  $341.00                                              $526.00 note#28
DEVELOPMENT                                   $5,852.00                                           $24,100.00 note#29
TOTAL EXPENSES                                $329,197.00                                        $442,108.00
 
NET PROFIT $26,356.00 -$44,051.00
OPENING BANK BAL $105,971.00 $132,327.00
CLOSING BANK BAL $132,327.00 $88,276.00

REVENUE
note#1 Income from Early Bird tournament
note#2 League fees collected from each team
note#3 Practice fees collected from each team
note#4 Referee fees collected from teams
note#5 Provincial fees collected from each team
note#6 Tryout fees collected from AAA & AA teams
note#7 Player registration collected
note#8 City subsidy for city residents
note#9 Money collected from teams that used extra ice time
note#10 Money collected from Hi 5 for kids and collected on jerseys
note#11 Players funded through Kidsport
note#12 Money collected for checking clinics and development programs.
EXPENSES
note#13 Referees salary & HPEI fee to register each referee
note#14 HPEI fee for trainer clinics & respect in sport course
note#15 Pucks, jerseys, goalie equipment and equipment manager fee
note#16 Ice coordinator fee & honorarium for executive members.
note#17 Input all players & coaches into system, goalline invoices, sanction fees
note#18 Players & bench staff registration with HPEI
note#19 Players & bench staff insurance with HPEI
note#20 Hpei charge for league fees
note#21 Hpei charge for provincial tournament fees
note#22 Ice rental at Cody Banks
note#23 Ice rental at Bell Aliant center
note#24 Ice rental at Eastlink center
note#25 Ice rental at Morell Rink
note#26 Christmas gifts for Cody Banks rink staff & plaque for long time volunter
Plaques for graduating players
note#27 Registration refunds & transfers.
note#28 Bank monthly charges
note#29 Andrews Hockey put on the conditioning camps & development
programs throughout the year.