On November 29, 2017, the OGHC Board approved the following Operating Budget for the first full year of co-op operations (April 1, 2018 to March 31, 2019).
The following two tables summarize projected expenses and revenues.
|Debt servicing (mortgage)||$450,200|
|Occupancy Charges (including 2% vacancy allowance)||$781,200|
|Guest room rentals||$6,400|
|Co-op Amenities Charge||$25,200|
- Further changes could occur in expense item lines as contracts are signed.
- Performance against budget will be reported quarterly to members.