Gallery of BC Ceramics Statement of Income (Loss), Summary

1992 1993
Year to date Year to date

Revenue
Sales 128,445 125,396
Other [eon L172 1,220
Gross Income 129,617 126,617
Direct Expenditures
Commissions T?,l48 62,825
Total 80,287 65,800
Ret Income
before Expenses 493.0 60,817
Administration
Expenses 51,117 $1,208
Excess of Receipts over
Expenditures (1,786) 4,609 Gillian McMillan

As you can see above. the year-to-date net income figures for the ten months ending
on Octeber 31, 1983 are much improved over the same period in 1992, While Guild
expenditures have changed but a little, it is the Guild receipts that have increased
vastly because of the Gallery's change in consignment percentage (remember that
any Gallery receipts in excess of its monthly expenses are part of the Guild's
monthly income for accounting purposes).

Exeept for the holiday month of December, the Gallery is into its bradithonally slower
sales months until spring. The Guild will be incurring larger than usual iegal costs
over the next six months or so to pay for the Northwest Ceramic Foundation’s legal
inception. This will be a short term pain for a long term gain, in that this new body
can be seen both as a potential funding source for the Guild and as another public
voice for the ceramic arts.

Please have a careful look over the financial summary above, and feel free to express
your concerns and thoughts to me personally, and better yet, come to the Annual
General Mecting on February 24th, 199-4.

Anita Wang, Treasurer
254-9492

Cathi Jefferson

The Café
by Wayne Sayer

December, 1993