CANADIAN SHARK CLASS ASSOCIATION
STATEMENT OF RECEIPTS AND EXPENDITURES
JANUARY 1, 2000 - DECEMBER 31, 2000
	OPENING BALANCE 01/01/00		$13,502.64
	INCOME
	Fees		9,150.42
	Handbooks		315.00
	Interest		39.96
	Measurement		210.00
	40 Yrs. CD		788.40
	Fleet Development		330.00
	($1000 outstanding - see Note 4 below)
	TOTAL INCOME		$10,833.78
	EXPENSES
	Admin:
	Bank Chrg		4.75
	CYA Dues		75.00
	Flags	(no purchase in 2000)	0.00
	Decals		652.63
	Insurance	(see Note 8 below)	0.00
	ISCA Dues		349.00
	Meetings		361.74
	Misc		327.97
	Postage		864.86
	Print & Copy		1,140.65
	Regions		1,172.50
	Stationery		86.48
	TOTAL Admin		$5,035.58
	Promotions:
	Advertising
	Regattas		0.00
	SharkBytes:
	Web Page		666.94
	Software		432.30
	Sharkscan:
	Assembly		0.00
	Postage		0.00
	Printing		0.00
	TOTAL Promotions		$1,099.24
	TOTAL EXPENSES		$6,134.82
	TOTAL INCOME - EXPENSES		$4,698.96
	CLOSING BALANCE 31/12/00		$18,201.60

NOTES TO FINANCIAL STATEMENTS - 2000 (Accounts are not audited)

1) Accounts are kept on a cash basis

2) Surplus funds are maintained in an interest bearing account at Canada Trust

3) Membership to date is: Senior - 272 Associate - 15

4) Fleet Development is contributed at $10 for each competing boat in a Counter Regatta

($540 from the Worlds - $310 from the Gold Cup and $150 from Homecomers is still outstanding)

5) ISCA fees are paid at $1 for each Senior Member + $10 for each boat measured.

6) Regional rebates are paid to each active region at $7.50 for each Senior Member

7) Membership decals are purchased every 3 years. Flags are purchased annually.

(Supplies of the decals have been purchased for the 2000-2 racing seasons).

8) Insurance is paid for coverage of the scales $108 is payable for 2000