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Spring - Gull Chain of Lakes Association

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13 GULL CHAIN OF LAKES<br />

FINANCIAL R E P O R T<br />

January 1, 2011 - December 31, 2011<br />

Income<br />

Miscellaneous income $ 5,651.00<br />

Donations 79,255.00<br />

Member Dues 38,825.00<br />

Interest Income _____68.35<br />

Total income $ 123,799.35<br />

Expenses<br />

Watercraft Decontamination $ 49,407.18<br />

Annual Meeting 1,669.44<br />

Buoy Barge 4,042.18<br />

Buoys/buoy Labor 6,904.50<br />

Environmental Programs 15,379.90<br />

Insurance 2,392.00<br />

Miscellaneous 1,519.91<br />

Newsletter/promotion 4,666.98<br />

Payroll expense 10,520.65<br />

Fishing Has No Boundaries 250.00<br />

Office Expense 3,520.79<br />

Web Page 834.98<br />

Total Expenses $ 101,108.51<br />

Net Income 22,690.84<br />

John A. Taylor II, CPA<br />

Box 810<br />

Nisswa, MN 56468<br />

218-963-7652<br />

Tax Returns<br />

john@tayloraccounting.biz<br />

Lost Lake Lodge<br />

The Lost Lake Lodge on <strong>Gull</strong> Lake has the best food in the<br />

area. Service and atmosphere is matched by no other. We<br />

<strong>of</strong>fer an extensive wine and beer list and serve it all to you<br />

in a resort style dining experience. We are open from mid<br />

May to mid October. Come by car or boat to the North end<br />

<strong>of</strong> <strong>Gull</strong> Lake to visit our restaurant/resort. Call for<br />

reservations 218-963-2681. For a sample <strong>of</strong> our menu go to<br />

www.lostlake.com<br />

7965 Lost Lake Road • Lake Shore, MN 56468<br />

P: 218.963.2681 • F: 218.963.0509<br />

vacation@lostlake.com

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