CHAMBER OF COMMERCE
SERVING COQUITLAM, PORT COQUITLAM, PORT MOODY

Statement of Tourism and Economic Development Expenditures

Actual Budget
_1989 _1930_
Tourism:
Salaries and Benefits $17,128.96 (1) $18,000.00
* Caboose upkeep/repairs/move 9,512.00 (2) 7,000.00
Telephone 1,582.00 2,000.00
Office supplies 524.00 500.00
Automotive 250.00 250.00
Licenses and insurance 200.00 250.00
Utilities ; 135.00 200.00
Bank service charges 80.00 100.00
29,411.96 28,300.00
Recoveries:
Provincial government grant 17,128.96 18,000.00
Proceeds from Casino license 6,528.00 (3) =
5,755.06 10,300.00
Economic Development:
Printing updated economic profile - (4) 6,000.00
Net expenditures for the year TOTAL $ 5,755.00 $16,300.00

Explanatory notes:

(1) Each year the provincial government provides a4 grant
equal to the amount of salary costs required to operate the
cabooses.

(2) During 1990 the Chamber has been requested to move the
Westwood caboose, which involves the transportation and
setup, power/hydro costs.

(3) During 1989 the Chamber received funds froma Casino
license which was used in the renovation of our cabooses.
For 1990 the Provincial Government has ruled that Chambers
of Commerce are not eligible for Casino licenses.

(4) Staff and research time for the updating was incurred
during 1989. What remains is the printing of the final
product. The majority 1989 staff costs were covered by a
government grant.

(5) Net expenditures for the year do not take into
consideration any overhead and supervisory costs incurred
directly by the Chamber.

(6) It should also be noted the Chamber produced a street
map of our area in 1989 and absorbed all costs in that year.
While a reprint is not expected each year it will become a
project every 2-3 years and the costs associated with this

should be considered on an on-going bas ssn P*Sace t- net
out-of-pocket costs approximated $7,500.00 +WEM | PA

_
io