Appendix
VRCA Profit and Loss Statement
April 1, 2025Pages 308–3101 section
Financial statement for the View Royal Community Association for the 2024 fiscal year.
Total Income: $53,825.75Net Profit: $14,648.55
Profit and Loss
View Royal Community Association
Date Range: Jan 01, 2024 to Dec 31, 2024
Report Type: Accrual (Paid & Unpaid)
| ACCOUNTS | Jan 01, 2024 to Dec 31, 2024 |
|---|---|
| Income | |
| Bank account interest | $635.96 |
| Damage Deposit Income | -$300.00 |
| Donation | $50.00 |
| Edward Jones Asset Increase | $2,453.51 |
| Hall rental income | $37,305.00 |
| Holiday Market table rentals | -$30.00 |
| Investments – Interest | $996.28 |
| Preschool Income | $12,995.00 |
| Program Income – Membership Dues | $265.00 |
| Sales Discounts | -$545.00 |
| Total Income | $53,825.75 |
| Total Cost of Goods Sold | $0.00 |
| Gross Profit | $53,825.75 |
| As a percentage of Total Income | 100.00% |
| Operating Expenses | Jan 01, 2024 to Dec 31, 2024 |
|---|---|
| Advertising | $38.77 |
| Bad debt expense account | $260.00 |
| Contract Services | $15,300.00 |
| Depreciation Expense | $1,207.68 |
| Filing & registration fees | $96.25 |
| Fire Inspection and Testing | $771.75 |
| Gift Cards and Donations | $271.51 |
| Hall equipment | $1,220.47 |
| Insurance – Property | $4,049.00 |
| Insurance- Directors | $311.00 |
| Interac E-Transfer Fee | $117.10 |
| Internet | $789.69 |
| Office Supplies | $85.09 |
| Program Expenses | $1,257.45 |
| Repairs & Maintenance | $9,528.30 |
| Software Expense | $472.63 |
| Telephone – Wireless | $256.47 |
| Utilities | $1,938.89 |
| View Royal Sewer Collection and Treatment | $504.48 |
| Waste Connections Canada | $700.67 |
| Total Operating Expenses | $39,177.20 |
| Net Profit | Jan 01, 2024 to Dec 31, 2024 |
|---|---|
| Net Profit | $14,648.55 |
| As a percentage of Total Income | 27.21% |
Page 308–310
Extracted from: 2025 04 01 Council Agenda - Agenda - Pdf