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Book Finance - Update July, 2011 We have ordered 3,000 copies of 176 pages witli a linen covered hard cover, a foil stamped spine and cover and a laminated dust jacket in full colour. Here is a summary of our expenses and revenues to date. The list covers major items. Fixed Costs Variable Costs (Regardless of number of books printed) Author Photographer Designer Editor Art 4,000 2,000 8,820 1,600 300 (Varies with number of books printed) Foil stamping Colour Jacket Shipping Printing 1,140 4,816 1,650 45,293 Author - 10% of first year sales Photographer - 5% of first year sales Grand Total (Expenses) $73,406 (GST/HST of $3,787 paid to printer, designer and editor is refundable) Net Cost of production $73,406 minus GST/HST = Fund Raising $69,619 Donations from the Community Sales and Orders of Cottages to Community Grand Total to Date (Revenue) Additional sales needed to pay all expenses $42,283 12,980 $55,263 (Including % to Author and Photographer) $18,456 W e are pleased with our donations and sales to date. However, for the project to be a success we must sell all 3,000 books. Profits will be given as grants for the preservation of the history of West Vancouver to the Archives, the Museum and the Library. Page 4