Sept 2019 Treasurer’s Report
Fund Balances as at September 10, 2019
| Fund | Current Balance | Outstanding Commitments | Actual Balance |
| Gaming Fund* | $6337 | $500[1] | $5837 |
| Consultative Fund** | $4657 | $0 | $4657 |
| Legacy Fund*** | $4001 | $1050[2] | $2951 |
| School account – online donations to PAC | $60 | $0 | $60 |
Highlights of last quarter
- PAC donation to JO Drama department for lighting – $3500 from Consultative fund.
- PAC donation to JO Mini School (Family Fun Bingo funds raised) – $500 from consultative fund.
- PAC scholarships awarded to 6 students- $3500 ($1500 from Legacy fund, $2000 from Gaming)
Upcoming for Fall 2019
- Anticipate receiving the annual gaming fund grant of approximately $22,000. Expected sometime in October.
- Will be working with Mr. Wilmann to allocated gaming funds grants to various clubs and groups in the fall.
*Gaming Funds are intended to benefits students by enhancing their extracurricular opportunities e.g. (student publications, competitions, societies, ceremonies, sports equipment, scholarships and bursaries for post-secondary, conferences, travel within BC). Prohibited uses of PAC gaming funds include: developing new programs, fundraising, monetary prizes, curricular activities, in class activities or purposes, extra-lighting, curtains, props for school theatre/drama, staff luncheons. JO provides 4X$500 Scholarships per year from this fund.
**Consultative Funds have no restrictions. These are funds solely raised by the PAC.
***Legacy Funds were collected at the JO’s 100-year anniversary. These funds are to be used to further and enhance the JO Legacy. The Ken McLeod legacy fund is also held in this account.
Prepared by: Michelle Koski
[1] Scholarship cheque to Jamie Sagan not yet cleared
[2] Legacy funds that have been designated for the Ken Mcleod Legacy fund
