DUCLOS POINT PROPERTY OWNERS

FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2016 AND 2015
Per Paid
Member
(BUDGET)

Years Ended March 31,

BUDGET
Vs Budget
Fav(Unfav)

2016

2015

Comments - 2016 actual vs Budget

ANNUAL OPERATING FUND:

NO. OF HOUSEHOLDS WITHIN DUCLOS POINT
NO. OF PAID / PARTICIPATING MEMBERS

140
84
60%

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
COMMUNICATIONS
OTHER
B
OPERATING SURPLUS - Before allocation to Special Funds
SPECIAL ALLOCATION FROM (TO) TENNIS COURT FUND
ALLOCATION TO PLAYGROUND FUND - Proposed
ALLOCATION TO SHED / SHELTER FUND - Proposed
CHANGE IN OPERATING FUNDS - surplus(deficit)

C
A-B+C

300

140
90
64%

25,185
850
26,035

(6)

140
84
60%

27,000
27,000

(1,815) $
850
(965)

25,200
300
312
20
25,832

One member paid $15 short.

12 cuts thru November.

15% more than Budget
Bench pads $1,900, pickle ball $1,300, lock $69
Maple trees planted - 8

87
21
56
44
9
4
1
221
-

7,458
2,183
3,386
5,900
588
333
31
911
294
21,084
-

7,800
1,900
5,000
4,000
800
335
80
19,915

342
(283)
1,614
(1,900)
212
2
49
(911)
(294)
(1,169)

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

74

4,951

7,085

(2,134)

9,940

0
0
(104)
(104)
(30)

1,445
(10,000)
(3,604)

(10,000)
(2,915)

1,445
(689)

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

OPERATING FUNDS / RESERVES - Opening balance

OPERATING FUNDS / RESERVES - Closing balance

6,162
2,558

6,162
3,247 -

689

Net of exp.s, incl. donations & proceeds

Website $160, POBox $247, signs $330, ROW Letter

AGM expenses $138, gifts $155

Refund to general funds of Playground surplus

6,097
6,162

TENNIS COURT FUND:

REVENUE / EXPENSE
RESIDENTS' TENNIS SPECIFIED DONATIONS

1,000

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)

(1,000)
-

TENNIS COURT FUNDS / RESERVES - Opening balance

TENNIS COURT FUNDS / RESERVES - Closing balance

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

600
(1,445)
(29,155)
(30,000)

(30,000)
(30,000)

600
(1,445)
845
-

19,125
5,875
25,000

PLAYGROUND FUNDS / RESERVES - Opening balance

PLAYGROUND FUNDS / RESERVES - Closing balance

30,000
-

30,000
-

5,000
30,000

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

10,000
10,000

10,000
10,000

5,000
5,000

SHED / SHELTER FUNDS / RESERVES - Opening balance

SHED / SHELTER FUNDS / RESERVES - Closing balance

5,000
15,000

5,000
15,000

5,000

Now have $15,000 set aside for a new shed

65
25,000
5,000
30,065
11,097
41,162

$17,558 = $15,000 for shed / $2,558 general

PLAYGROUND FUND:
Total donations $19,625
Unused surplus returned to general funds
Includes base cost and new swing seats

SHED / SHELTER FUND:

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

TOTAL FUNDS - Operating Fund + Special Funds:

(3,604)
(30,000)
10,000
(23,604)
41,162
$
17,558 $

(2,915)
(30,000)
10,000
(22,915) 41,162
18,247 -$

(689)
689
689 $