Appendix
VRCA Profit and Loss Statement 2024-2025
Comparative profit and loss report for the VRCA for fiscal years 2024 and 2025.
2025 Total Income: $55,851.732025 Net Profit: -$5,052.14
Profit and Loss
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Date Range 1: Jan 01, 2025 to Dec 31, 2025 Date Range 2: Jan 01, 2024 to Dec 31, 2024
| ACCOUNTS | Jan 01, 2025 to Dec 31, 2025 | Jan 01, 2024 to Dec 31, 2024 | Change ($) | Change (%) |
|---|---|---|---|---|
| Income | ||||
| Bank account interest | $1,127.09 | $635.96 | $491.13 | 77.23% |
| Concession Sales | $20.00 | $0.00 | $20.00 | 0.00% |
| Damage Deposit Income | $0.00 | -$300.00 | $300.00 | 100.00% |
| Donation | $0.00 | $50.00 | -$50.00 | -100.00% |
| Edward Jones Asset Increase | $504.40 | $1,747.92 | -$1,243.52 | -71.14% |
| Grant Revenue | $1,654.55 | $0.00 | $1,654.55 | 0.00% |
| Hall rental income | $34,680.00 | $37,305.00 | -$2,625.00 | -7.04% |
| Holiday Market table rentals | $0.00 | -$30.00 | $30.00 | 100.00% |
| Investments – Interest | $1,210.01 | $1,701.87 | -$491.86 | -28.90% |
| Membership Dues Income | $155.00 | $265.00 | -$110.00 | -41.51% |
| Preschool Income | $13,332.00 | $12,995.00 | $337.00 | 2.59% |
| Sales Discounts | -$40.00 | -$545.00 | $505.00 | 92.66% |
| Utility preschool contribution | $3,208.68 | $0.00 | $3,208.68 | 0.00% |
| Total Income | $55,851.73 | $53,825.75 | $2,025.98 | 3.76% |
| Total Cost of Goods Sold | $0.00 | $0.00 | $0.00 | 0.00% |
| Gross Profit | $55,851.73 | $53,825.75 | $2,025.98 | 3.76% |
| As a percentage of Total Income | 100.00% | 100.00% | ||
| Operating Expenses | ||||
| Advertising | $352.36 | $38.77 | $313.59 | 808.85% |
| Bad debt expense account | $0.00 | $260.00 | -$260.00 | -100.00% |
| Change in Value ED Jones | $64.47 | $0.00 | $64.47 | 0.00% |
| Conference Fees | $227.50 | $0.00 | $227.50 | 0.00% |
| Contract Services | $26,830.34 | $15,300.00 | $11,530.34 | 75.36% |
| Depreciation Expense | $1,370.59 | $1,207.68 | $162.91 | 13.49% |
| Dues & Memberships Expense | $50.00 | $0.00 | $50.00 | 0.00% |
| Filing & registration fees | $374.15 | $96.25 | $277.90 | 288.73% |
| Fire Inspection and Testing | $149.63 | $771.75 | -$622.12 | -80.61% |
| Gift Cards and Donations | $0.00 | $271.51 | -$271.51 | -100.00% |
| Hall equipment | $285.12 | $1,220.47 | -$935.35 | -76.64% |
| Insurance – Property | $4,251.00 | $4,049.00 | $202.00 | 4.99% |
| Insurance- Directors | $315.00 | $311.00 | $4.00 | 1.29% |
| Interac E-Transfer Fee | $75.27 | $117.10 | -$41.83 | -35.72% |
| Internet | $616.00 | $789.69 | -$173.69 | -21.99% |
| Loss on Disposal of Asset | $8,673.99 | $0.00 | $8,673.99 | 0.00% |
| Office Supplies | $44.89 | $85.09 | -$40.20 | -47.24% |
| Printing and Reproduction | $81.34 | $0.00 | $81.34 | 0.00% |
| Program Expenses | $1,309.02 | $1,257.45 | $51.57 | 4.10% |
| Repairs & Maintenance | $8,161.60 | $9,528.30 | -$1,366.70 | -14.34% |
| Software Expense | $1,019.90 | $472.63 | $547.27 | 115.79% |
| Telephone | $403.79 | $256.47 | $147.32 | 57.44% |
| Travel Expense | $446.29 | $0.00 | $446.29 | 0.00% |
| Utilities | $4,103.90 | $1,938.89 | $2,165.01 | 111.66% |
| View Royal Sewer Collection and Treatment | $419.81 | $504.48 | -$84.67 | -16.78% |
| Waste Connections Canada | $1,277.91 | $700.67 | $577.24 | 82.38% |
| Total Operating Expenses | $60,903.87 | $39,177.20 | $21,726.67 | 55.46% |
| Net Profit | -$5,052.14 | $14,648.55 | -$19,700.69 | -134.49% |
| As a percentage of Total Income | -9.05% | 27.21% |
Page 279–281
Extracted from: 2026 04 14 Committee of the Whole Meeting - Agenda - Pdf(471 pages total)