Appendix
Island Corridor Foundation 2012 and 2013 Annual Budgets
March 19, 2013Pages 25–261 section
Internal annual budget documents for the foundation for fiscal years 2012 and 2013.
2013 Budgeted Expenditures: $575,5002013 Cash on Hand: $120,0002013 Revenue from Telus Lease: $300,000
Island Corridor Foundation
2012 Annual Budget
January 1st, 2012 - Dec. 31st. 2012
| Budget 2012 | |
|---|---|
| CASH ON HAND | 175,000 |
| REVENUES | |
| Telus Lease | 300,000 |
| H.S.T. Rebate | 50,000 |
| Fees & Leases | 105,000 |
| S.V.I. Operating Agreement | 75,000 |
| Total | 705,000 |
| EXPENDITURES | |
| Planning | 5,000 |
| Legal | 50,000 |
| Insurance | 25,000 |
| Salaries | 151,000 |
| Administration | 87,000 |
| Honorariums | 25,000 |
| Travel | 15,000 |
| Audits & Accounting | 15,000 |
| Property Taxes | 10,000 |
| Communication | 20,000 |
| Office Expense | 7,500 |
| Rail Maintenance (Alberni Sub) | 20,000 |
| Rail Days | 2,500 |
| Contingency | 20,000 |
| Sub Total | 453,000 |
| Taxes Wellcox | 35,000 |
| CP Loan Payment | 75,000 |
| Total | 563,000 |
| Reserve | 142,000 |
2013 Annual Budget
January 1st, 2013 - Dec. 31st. 2013
| Budget 2013 | |
|---|---|
| CASH ON HAND | 120,000 |
| REVENUES | |
| Telus Lease | 300,000 |
| H.S.T. Rebate | 50,000 |
| Fees & Leases | 105,000 |
| S.V.I. Operating Agreement | 75,000 |
| Total | 650,000 |
| EXPENDITURES | |
| Management Fees (Nanaimo Station) | 6,000 |
| Planning | 5,000 |
| Legal | 30,000 |
| Insurance | 25,000 |
| Salaries | 151,000 |
| Administration | 141,000 |
| Board Expenses | 25,000 |
| Travel | 15,000 |
| Audits & Accounting | 15,000 |
| Property Taxes | 10,000 |
| Communication | 5,000 |
| Office Expense | 7,500 |
| Rail Maintenance (Alberni Sub) | 10,000 |
| Contingency | 20,000 |
| Sub Total | 465,500 |
| Taxes Wellcox | 35,000 |
| CP Loan Payment (Last Payment 2013) | 75,000 |
| Total | 575,500 |
| Unexpended Funds | 74,500 |
Page 25–26
Extracted from: 2013 03 19 Council Agenda