OGHC 2020 Operating Budget

This page includes

  • two charts that compare the 2020 Operating Budget with the 2019 Operating Budget
  • a chart outlining OGHC housing charges 2018–2020
  • a link to the 2020 Maintenance and Operating Expenses
  • a link to the treasurer’s notes on the 2020 Operating Budget
  • the detailed OGHC 2020 Operating Budget

2019 and 2020 budgets compared

The following two charts compare the income and expenses portions of the 2020 budget with the same portions of the 2019 budget.

Income: 2019 and 2020 compared

The set of columns on the left of this chart show the total budgeted income for 2019 and 2020. The other three sets of columns break the total figures down into separate categories. To get the exact figure, hover your cursor over the column.

Expenses: 2019 and 2020 compared

The set of columns on the left of this chart show the total budgeted expenses for 2019 and 2020. The other six sets of columns break the total figures down into separate categories. To get the exact figure, hover your cursor over the column.

Notes:

  1. Democratic functioning includes meeting costs and member fees in organizations such as the Co-operative Housing Federation of Canada.
Housing charges

The following chart outlines the OGHC housing for 2018–2020. Amenity charges are not included. For the specific figure, please hover over the column.

Click here for 2020 Maintenance and Operating Expenses

Click here for Treasurer’s Notes on the 2020 Operating Budget.

Return to Documents for General Meeting October 7, 2019.

Detailed 2020 Operating Budget

Arlington
 Evanson
Total
Change
2019 Budget
2020 Budget
2019 Budget
2020 Budget
2019 Budget
2020 Budget
from 2019 to 2020
Income
   A. Income from Members
      Amenities Charge 25,200 25,200 1,680 1,680 26,880 26,880 0
      Housing Charges 797,952 815,965 58,224 59,520 856,176 875,485 19,309
     Rent Supplement 0 0
     Com. Assistance Prog. Supplem. 0 0
      Laundry Cards 9,600 10,474 9,600 10,474 874
      Locker Rental 1,440 0 1,440 0 -1,440
      Parking Charges 27,180 28,140 15,300 11,220 42,480 39,360 -3,120
      Vacancy Loss -16,440 -4,781 -1,476 -1,240 -17,916 -6,021 11,895
      WiBand Charges 19,200 19,200 19,200 19,200 0
     Admin Fee. / NSF Fee 0 0
     Miscellaneous 0 0
   Total A. Income from Members 864,132 894,198 73,728 71,180 937,860 965,378 27,518
   D. Other Income 0
      Common Room Rental 1,200 2,200 1,200 2,200 1,000
      Guest Room Rental 2,100 4,165 2,100 4,165 2,065
      Interest Earned 600 1,487 600 1,487 887
   Total D. Other Income 3,900 7,852 0 3,900 7,852 3,952
Total Income 868,032 902,050 73,728 71,180 941,760 973,230 31,470
Cost of Goods Sold
   Locker Rebates -1,200 0 -1,200 0 1,200
   WiBand ( Cable/internet) -18,600 -19,200 -18,600 -19,200 -600
Total Cost of Goods Sold -19,800 -19,200 0 0 -19,800 -19,200 600
Gross Profit 848,232 882,850 73,728 71,180 921,960 954,030 32,070
Expenses
   Administration/Management
      Audit 7,688 8,438 512 562 8,200 9,000 800
      Advertising & Promotion 500 500 500
      Bank Charges & Interest 900 1,590 900 1,590 690
      Communication: Postage, copying, delivery… 5,680 5,680 5,680
      Computer & Software 1,200 1,200 0 -1,200
      Corp Fees & Licences 200 200 200 200 0
      Management  Fees 28,800 32,130 1,920 2,142 30,720 34,272 3,552
      Member Loan Interest 1,200 0 1,200 0 -1,200
      Office Supplies 1,200 100 132 1,332 100 -1,232
      Postage & Delivery 300 100 300 100 -200
      Community Relations 1,000 1,000 1,000
0
   Total Administration/Management 41,488 49,738 2,564 2,704 44,052 52,442 8,390
   Democratic Functioning
      Meeting Expenses 300 300 235 535 300 -235
      Member Appreciation 37 37 0 -37
     Dues & Directors’ Training 0 0
     Memberships& Dues 5,550 5,812 350 388 5,900 6,200 300
      Workshops/Training 400 400 400 400 0
   Total Democratic Functioning 6,250 6,512 622 388 6,872 6,900 28
   Maintenance & Operating Expenses
     Common Room Supplies 400 400 400
      Equipment Service/Testing 7,200 7,350 300 300 7,500 7,650 150
      Equipment- Fire & Security 4,560 4,650 4,560 4,650 90
      Equipment-Elevator 6,720 6,850 6,720 6,850 130
      Landscaping & Groundskeeping 3,000 203 750 203 3,750 3,547
      Pest Control 1,200 1,200 1,200 1,200 0
      Security 12,000 12,000 12,000 12,000 0
      Snow Removal 11,150 13,050 8,400 4,950 19,550 18,000 -1,550
      Handyperson ( Brydges) 2,112 2,112 2,112
     Building exterior: 0 0
        Balcony Repairs 0 0
        Common Area 0 0
        Locksmith 1,000 1,000 1,000
        Miscellaneous 0 0
     Building Interior: 0 0
         Repairs & painting 3,600 13,860 660 4,260 13,860 9,600
         Common Area 1,200 3,000 1,200 3,000 1,800
         Cleaning 18,000 18,760 18,000 18,760 760
         Doors-interior 1,000 1,000 1,000
        Mats 1,200 1,200 1,200
        Miscellaneous 0 0
     Parking Lot 1,000 200 1,200 1,200
     Plumbing 2,000 200 2,200 2,200
     Mcte  Other  Supplies 1,500 228 228 1,500 1,272
      Window Cleaning 4,000 2,000 4,000 2,000 -2,000
   Total Maintenance & Operating Expenses 69,630 95,932 9,791 6,400 79,421 102,332 22,911
   Utilities
      Telephone 1,080 1,080 1,080 1,080 0
      Electricity 48,000 61,835 3,204 3,167 51,204 65,002 13,798
      Gas 9,600 10,350 420 385 10,020 10,735 715
      Water 24,000 21,500 3,752 3,840 27,752 25,340 -2,412
   Total Utilities 82,680 94,765 7,376 7,392 90,056 102,157 12,101
Other Operating Expenses
        Depreciation 0
        Mortgage Interest 0
        Mortgage Principal 0
        Mortgage Payment 450,192 450,192 39,720 39,720 489,912 489,912 0
        Property Taxes 108,000 105,500 12,600 8,200 120,600 113,700 -6,900
        Insurance 18,000 20,400 876 2,050 18,876 22,450 3,574
       Minor Improvements/ Equipment 5,000 5,000 5,000
Total Other Oper. Expenses 576,192 581,092 53,196 49,970 629,388 631,062 1,674
Total Operating Expenses 776,240 828,039 73,549 66,466 849,789 894,505 44,716
Net Operating Income 71,992 54,811 179 4,714 72,171 59,525 -12,646
Special Allocations to the Reserve  Funds
  Contributions to Share Redemption Fund 36,000 36,000 -36,000
  Contributions to Replacement Reserve Fund 33,000 40,800 2,400 2,720 35,400 43,520 8,120
                                    Sub Total 69,000 40,800 2,400 2,720 71,400 43,520 -27,880
Net Proceeds to Unrestricted Funds( Retained Earnings) 2,992 14,011 -2,221 1,994 771 16,005 15,234
Version 7 as of Sept 26 2019
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