DUCLOS POINT PROPERTY OWNERS

FINANCIAL STATEMENTS (Subject to audit)

FOR THE YEARS ENDED MARCH 31, 2015 AND 2014
Per Paid

Years Ended March 31,

Member

2015

BUDGET

140
84
60%

140
96
69%

Vs Budget
Fav(Unfav)

2014

ANNUAL OPERATING FUND:

NO. OF HOUSEHOLDS WITHIN DUCLOS POINT
NO. OF PAID / PARTICIPATING MEMBERS
REVENUES
MEMBERSHIP DUES - Current
MEMBERSHIP DUES - other years
FIELD DAY, Net of costs
OTHER

EXPENSES
LAWN CUTTING
INSURANCE (Liability and D&O)
MAINTENANCE
TREE SERVICES
ELECTRICITY
PROPERTY TAXES
BANK CHARGES & FEES
POSTAGE

300

78
14
35
26
8
3
1
1
189

A
OPERATING SURPLUS - Before allocation to Special Funds

25,200
300
312
20
25,832

7,458
1,317
3,392
2,500
754
320
76
75
15,892

B
A+B

(12)
70
60
118
307

OPERATING FUNDS / RESERVES - Opening balance

OPERATING FUNDS / RESERVES - Closing balance

28,800
28,800
7,800
1,900
3,000
4,000
750
350
100
17,900

(3,600) $
300
312
20
(2,968)

19,175
1,500
(21)
20,654

342
583
(392)
1,500
(4)
30
24
(75)
2,008

7,458
1,832
3,206
750
333
140
13,719

10,900

(960)

6,936

1,000
(5,875)
(5,000)
65

1,000
(10,000)
(5,000)
(3,100)

4,125
3,165

(6,045)
(15,000)
(5,000)
(19,109)

6,097
6,162

6,097
2,997

3,165

25,207
6,097

9,940

SPECIAL ALLOCATION FROM (TO) TENNIS COURT FUND

ALLOCATION TO PLAYGROUND FUND - Proposed
ALLOCATION TO SHED / SHELTER FUND - Proposed
CHANGE IN OPERATING FUNDS - surplus(deficit)

140
96
69%

-12

TENNIS COURT FUND:

REVENUE / EXPENSE
RESIDENTS' TENNIS SPECIFIED DONATIONS

1,000

5,000

(1,000)
-

1,000

(1,000)
-

6,045
15,000
(47,500)
(21,455)

21,455
-

REVENUE / EXPENSE
RESIDENTS' SPECIFIED DONATIONS (Refundable)
OPERATING FUNDS CONTRIBUTION
NEW PLAYGROUND COSTS
CHANGE IN PLAYGROUND FUNDS - surplus(deficit)

19,125
5,875
25,000

15,000
10,000
(30,000)
(5,000)

4,125
(4,125)
30,000
30,000

5,000
5,000

PLAYGROUND FUNDS / RESERVES - Opening balance

PLAYGROUND FUNDS / RESERVES - Closing balance

5,000
30,000

5,000
-

30,000

5,000

REVENUE / EXPENSE
RESIDENTS' SPECIFIED DONATIONS (Refundable)
OPERATING FUNDS CONTRIBUTION - Proposed
SHED / GAZEBO COSTS
CHANGE IN SHED / SHELTER FUNDS - surplus(deficit)

5,000
5,000

5,000
5,000

SHED / SHELTER FUNDS / RESERVES - Opening balance

SHED / SHELTER FUNDS / RESERVES - Closing balance

5,000

5,000

OPERATING FUNDS CONTRIBUTION (REPAID)

SPECIAL ALLOCATION TO TENNIS COURT FUND - Per 2013 AGM
TENNIS COURT REPAIR COSTS (Budgeted $50,000)
CHANGE IN TENNIS COURT FUNDS - surplus(deficit)
TENNIS COURT FUNDS / RESERVES - Opening balance
TENNIS COURT FUNDS / RESERVES - Closing balance
PLAYGROUND FUND:

SHED / SHELTER FUND:

TOTAL FUNDS - Operating Fund + Special Funds:

CHANGE IN OPERATING FUNDS (from above)
CHANGE IN TENNIS COURT FUNDS (from above)
CHANGE IN PLAYGROUND FUNDS (from above)
CHANGE IN SHED / SHELTER FUNDS (from above)
BANK BALANCE - Beginning of year
BANK BALANCE - End of year

65
25,000
5,000
30,065
11,097
$
41,162
Bank = $30k playground, $5k shed, $6k operating reserves.

(3,100)
(5,000)
5,000
(3,100)
11,097
7,997 $

3,165
30,000
33,165
33,165 $

(19,109)
(21,455)
5,000
(35,565)
46,662
11,097