|
|
|
2014 |
2015 |
2015 |
|
2016 |
|
|
|
|
|
Actual |
Budget |
Actual |
|
Budget |
|
|
|
|
|
|
|
|
|
40 |
|
# POE units installed |
|
|
|
|
|
|
|
unchanged |
|
Tax rate |
|
Revenue |
|
|
|
|
|
|
|
|
|
|
Water tax payments |
26,683 |
29,086 |
30,028 |
|
29,614 |
|
|
|
|
Grants |
30,000 |
|
|
|
( 3,800 ) |
|
Unused CWF funds |
|
|
Interest |
807 |
1,300 |
1,128 |
|
1,150 |
|
Term deposits |
|
|
Other |
56 |
|
19 |
|
|
|
|
|
Total Revenue |
|
57,546 |
30,386 |
31,175 |
|
26,964 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
Maintenance: Regular |
38 |
1,000 |
320 |
|
2,500 |
|
Standpipe repair |
|
|
Upgrade expenses |
2,061 |
|
|
|
|
|
|
|
|
Water treatment (non-capital) |
|
500 |
2,636 |
|
3,000 |
|
Water testing |
|
Subtotal Water System Expenses |
|
2,099 |
1,500 |
2,956 |
|
5,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payroll Expense |
10,904 |
6,400 |
9,349 |
|
7,500 |
|
SecTreas $5,500, Maint $2,000 |
|
|
Honoraria |
813 |
1,500 |
1,363 |
|
1,650 |
|
5 trustees, 2 phoners |
|
|
Advertising |
812 |
480 |
352 |
|
400 |
|
BWA and website |
|
|
Office and Postage |
504 |
|
1,063 |
|
500 |
|
|
|
|
Legal and Accounting |
562 |
600 |
110 |
|
110 |
|
No audit |
|
|
License, Fees and Dues |
283 |
250 |
250 |
|
250 |
|
|
|
|
Bad debt |
343 |
|
|
|
|
|
|
|
Subtotal Admin and Payroll Expense |
|
14,220 |
9,230 |
12,486 |
|
10,410 |
|
|
|
Total Expenses |
|
16,319 |
10,730 |
15,442 |
|
15,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) from operations |
|
41,227 |
19,656 |
15,733 |
|
11,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfer to Capital Reserves |
|
10,875 |
10,000 |
1,113 |
|
30,000 |
|
Water treatment |
|
Transfer to Capital Assets |
|
26,212 |
8,000 |
- |
|
120,000 |
|
POE units at $3,000 |
|
|
|
|
|
|
|
|
|
|
|
LESS outstanding income and expenses |
|
|
|
478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year end cash (Chequing account) balance |
|
24,068 |
25,724 |
38,211 |
|
19,743 |
|
|
|
Year end capital reserves account balance |
|
97,078 |
107,078 |
98,191 |
|
8,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and reserves at year end |
|
121,146 |
132,802 |
136,401 |
|
27,934 |
|
|