Appendix
Financial Statements - View Royal Community Association
October 1, 2024Pages 369–3733 sections
Financial summaries including balance sheet and income by customer for the 2023 calendar year.
Total Assets: $105,397.78Net Profit: $24,748.85Hall rental income: $32,075.00
Balance Sheet
View Royal Community Association
As of Dec 31, 2023
| ACCOUNTS | Dec 31, 2023 |
|---|---|
| Assets | |
| Cash and Bank | |
| Cash on Hand | $306.20 |
| Coast Community Chequing | $26,506.11 |
| Edward Jones-Vancity GIC | $39,965.11 |
| Vancity | $26,082.65 |
| Vancity membership shares | $5.45 |
| Total Cash and Bank | $92,865.52 |
| Other Current Assets | |
| Accounts Receivable | $1,745.95 |
| Total Other Current Assets | $1,745.95 |
| Long-term Assets | |
| Hall Major updates | $10,786.31 |
| Total Long-term Assets | $10,786.31 |
| Total Assets | $105,397.78 |
| Liabilities | |
| Current Liabilities | |
| Grant income | $5,000.00 |
| Security/Damage Deposit | $1,500.00 |
| Total Current Liabilities | $6,500.00 |
| Long-term Liabilities |
| ACCOUNTS | Dec 31, 2023 |
|---|---|
| Long-term Liabilities | |
| Total Long-term Liabilities | $0.00 |
| Total Liabilities | $6,500.00 |
| Equity | |
| Retained Earnings | |
| Profit for all prior years | $38,931.02 |
| Profit between Jan 1, 2023 and Dec 31, 2023 | $24,748.85 |
| Retained Earnings/Deficit | $35,217.91 |
| Total Retained Earnings | $98,897.78 |
| Total Equity | $98,897.78 |
Page 369–373
Profit and Loss
View Royal Community Association
Date Range: Jan 01, 2023 to Dec 31, 2023
| ACCOUNTS | Jan 01, 2023 to Dec 31, 2023 |
|---|---|
| Income | |
| Bank account interest | $0.26 |
| Edward Jones Asset Increase | $619.73 |
| Hall rental income | $32,075.00 |
| Holiday Market table rentals | $510.00 |
| Miscellaneous Revenue | $27.99 |
| Preschool Income | $12,840.00 |
| Program Income – Membership Dues | $190.00 |
| Utility preschool contribution | $1,955.95 |
| Total Income | $48,218.93 |
| Total Cost of Goods Sold | $0.00 |
| Gross Profit | $48,218.93 |
| As a percentage of Total Income | 100.00% |
| Operating Expenses | |
| Advertising | $66.34 |
| BC Registries Filing | $40.00 |
| Communications | $224.00 |
| Contract Services | $11,153.63 |
| Equipment Lease or Rental | $196.42 |
| ACCOUNTS | Jan 01, 2023 to Dec 31, 2023 |
|---|---|
| Operating Expenses (continued) | |
| Fire Inspection and Testing | $131.25 |
| Hall equipment | $210.68 |
| Insurance – Property | $2,768.00 |
| Insurance- Directors | $471.00 |
| Interac E-Transfer Fee | $83.70 |
| Internet | $271.79 |
| Program Expenses | $945.42 |
| Rent Refund | $90.00 |
| Repairs & Maintenance | $940.62 |
| Telephone – Wireless | $319.03 |
| Utilities | $3,908.51 |
| View Royal Sewer Collection and Treatment | $329.15 |
| Waste Connections Canada | $1,320.54 |
| Total Operating Expenses | $23,470.08 |
| Net Profit | $24,748.85 |
| As a percentage of Total Income | 51.33% |
Page 369–373
Income By Customer
View Royal Community Association
Date Range: 2023-01-01 to 2023-12-31
| CUSTOMERS | Rental & $5 Membership fee | Description | one time events (could be multiple for one renter) | regularly recurring rental |
|---|---|---|---|---|
| Income | $895.00 | $895.00 | ||
| $140.00 | $140.00 | |||
| $0.00 | $0.00 | |||
| $0.00 | $0.00 | |||
| $140.00 | $140.00 | |||
| $65.00 | $65.00 | |||
| $365.00 | $365.00 | |||
| $205.00 | $205.00 | |||
| $275.00 | $275.00 | |||
| $325.00 | $325.00 | |||
| $355.00 | $355.00 | |||
| $140.00 | $140.00 | |||
| $0.00 | $0.00 | |||
| $7,010.00 | $7,010.00 | |||
| $205.00 | $205.00 | |||
| $205.00 | $205.00 | |||
| $125.00 | $125.00 | |||
| $155.00 | $155.00 | |||
| $65.00 | $65.00 | |||
| $67.50 | $67.50 | |||
| $125.00 | $125.00 | |||
| $95.00 | $95.00 | |||
| $155.00 | $155.00 | |||
| $65.00 | $65.00 | |||
| $95.00 | $95.00 | |||
| $240.00 | $240.00 | |||
| $205.00 | $205.00 | |||
| $65.00 | $65.00 | |||
| $95.00 | $95.00 | |||
| $687.50 | $687.50 | |||
| $260.00 | $260.00 | |||
| $580.00 | $580.00 | |||
| $170.00 | $170.00 | |||
| $13,115.00 | $13,115.00 | |||
| $2,600.00 | $2,600.00 | |||
| $12,840.00 | $12,840.00 | |||
| $810.00 | $810.00 | |||
| $125.00 | $125.00 | |||
| $510.00 | $510.00 | |||
| Total Income | $43,575.00 | $6,147.50 | $37,427.50 |
Page 369–373
Extracted from: 2024 10 01 Council Agenda - Agenda - Pdf