CELEBRATING OUR SUCCESSES

2019 FINANCIAL RESULTS – FROM THE TREASURER
Ujamaa Grandmas Calgary had another very successful year, thanks to the hard work put in by our members, volunteers, committees and the Board! We’ll get to how successful in a bit, but first let’s talk about some improvements we’ve made to finance-related items.

  1. The Annual budget was completed prior to the end of 2019, despite a tight timeline for our committees. Kudos to them for fitting this into their schedules; we now have a solid place to start in reviewing our operational expenses.
  2. The Sales Finance Committee was re-structured and welcomed new members. They accomplished their mandate by improving controls around payment collection at our major sales, working with the other committees to ensure no loss of funds this year!
  3. A robust review of our insurance coverage was completed. That review identified a need tO increase coverage to match our annual revenue, and also confirmed that we continue to carry liability insurance that covers all of us (members, volunteers and the general public) at all of our events and gatherings.
  4. We have streamlined the expense reimbursement process through e-Transfer payments, making it more efficient while still ensuring UG funds are safe. Approximately 95% of expense payments are now via e-Transfer.

Annual Gross Revenue from fundraising activities $116,820:

    1. Fabric & Yarn Sale……….$48,870
    2. Handcrafts………………….$46,880
    3. DeSonus……………………….$5,700
    4. SAIT Convocations…………$3,665
    5. Bagettes………………………..$3,230
    6. Bake Sale………………………$1,680
    7. BluesFest…………………………$490
    8. Ten Thousand Villages…….$415
    9. All others…………………………$870
    10. Donations (all sources)….$5,020

Annual Gross Expenses………………..$15,330
2019 Donations to SLF………………….105,000