German Mills Tennis Club
Statement of Income and Surplus
(Unaudited – Prepared by management)
For the Year Ending August 31, 2020

$

Revenue
Memberships 13,984
OTA Tournament (net) –
Interest and other income 609

= 14,593

Expenditures
Court resurfacing payment 807
Memberships (Ontario Tennis Association, inter-county) 1,220
Court supplies (equipment, nets, screens) 311
Hydro 1,436
Insurance 777
Tennis balls 149
Bank charges 537
Club house cleaning and supplies
Club socials 110
Website/Recording Services 107
Covid Related 2,288
Deck 10,520
= 18,261

Income (deficit) for the period (3,668)
Surplus, beginning of year 39,564
Surplus, end of year 35,896