10 am Meeting room
Acceptance of agenda
Acceptance of previous meeting notes
Financial
- The December Financial Reports have been received and circulated.
- The CHF checklist has been updated. It can be viewed here.
- The consolidated financial report has not yet been received. I will send out a link when it is up.
The following are some of the anomalies or items that I am querying Brydges about in the statements.
- There is a charge for electrical repairs that is set against an unbudgeted line.
- There is a miscellaneous expense of $-304. This should be in the miscellaneous category.
- There is a miscellaneous category of $800. For the most part, this is a series of credits and debits relating to the credit card. They balance out. In addition, there is the purchase of a piece of furniture to replace a piece of member furniture damaged by a leak. This fee has been recovered from the contractor responsible.
- There is an unbudgeted Maintenance and Repair item. This is an expense related to the vestibule and should be capitalized.
- There is a pest control interior item that should have been credited to the pest control account.
- There is a grounds annual contract account item that should have been credited to the landscaping account.
- It would appear that there is some capital expenses have yet to be capitalized, while the figure for capital reserve expenses only records one month of expenses.
Move-in/move-out
No notices were given as of January 28.
Waiting list
Applications to waiting list January 1 to January 28: 7
Withdrawals from waiting list January 1 to January 28: 0
Investments
The following table will appear in all Finance Committee Agendas. It summarizes our investments. Investments that mature in 2025 are in boldface.
No new decisions are needed until May 2025.
|
Operating |
Amount invested |
Date of maturity |
Interest rate |
|
883 |
37,159 |
16-Sep-27 |
5 |
|
925 |
35,974 |
16-Sep-26 |
4.95 |
|
796 |
8,734 |
July 21, 2027 |
4.8 |
|
804 |
8,729 |
21-Jul-25 |
4.75 |
|
838 |
8,718 |
21-Jul-26 |
4.6 |
|
050 |
17,402.91 |
16-Sep-27 |
4.3 |
|
068 |
17,402.91 |
16-Aug-28 |
4.3 |
|
134,120 |
|||
|
Capital replacement |
|||
|
474 |
35,830.06 |
2026-06-15 |
4.55 |
|
516 |
35641 |
15-Jun-25 |
3.4 |
|
116 |
17,468.00 |
21-Jul-27 |
4.8 |
|
132 |
17460 |
21-Jul-25 |
4.75 |
|
140 |
17435 |
21-Jul-26 |
4.6 |
|
123,834.06 |
|||
|
Share redemption fund |
|||
|
327 |
143,331 |
14-Jul-25 |
4.95 |
Insurance
Credit card purchases
Credit card has been cancelled.
Arrears
As of the end of December, we had $1,310.00 in housing charge arrears. There is an arrears payment plan in place.
Capital costs to the end of January
The following table shows the items capitalized in 2024.
|
Date |
Amount |
Service |
BCA Number |
|
May |
$1,229.43 |
Refrigerator |
20 |
|
May |
$1,127.52 |
Refrigerator |
20 |
|
May |
19617.3 |
Vestibule |
9 |
|
July |
500 |
Consulting (Roof deck) |
13 |
|
October |
862.69 |
Vestibule |
9 |
|
October |
5119.74 |
Electric vehicle charger |
Paid for by grant. |
|
December |
688.90 |
Shingle repairs |
12 |
|
December |
6566 |
Downspouts and eaves |
12 |
|
December |
11770 |
Heat trace cables |
12 |
|
December |
2920.49 |
Consulting Eaves and roofing |
12 |
|
December |
1350 |
Consulting Patio |
12 |
|
December |
5,800.00 |
Sealing patio |
12 |
|
December |
4,586.67 |
Patio and Unit restoration |
12 |
Calendar
New business
Next regular meeting: Tuesday, March 4, 2025.
Coming/deferred issues
These are issues that are not being addressed now, but we should consider them in the future.
- Investigate extension of lease.
- Member initiative Fund
- Encase