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Title. Wentworth Residents’ Association Annual General Meeting April 2, 2009. Agenda. Opening Remarks Review Highlights from 2008 AGM 2008 Financial Highlights New Business 2009 Operating Budget 2009 Planning Nominations & Elections for Directors

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  1. Title Wentworth Residents’ Association Annual General Meeting April 2, 2009

  2. Agenda • Opening Remarks • Review Highlights from 2008 AGM • 2008 Financial Highlights • New Business • 2009 Operating Budget • 2009 Planning • Nominations & Elections for Directors • Open Floor for General Membership Discussion

  3. The WRA Board of Directors • Directors: Liana Zingle Greg Leusink David Klug Vacant Vacant • Secretary: Vacant • Treasurer: Derek Lynn • President: Vacant

  4. March 2008 AGM • Held on March 12 2008 • 15 residents in attendance • Meeting Highlights: • Review of financial position • Acquisition of area maintenance & landscaping services • General call for volunteers to serve as directors

  5. 2008 Financial Review Highlights • Financial position is sound • Current cash balance minus accounts payable is $31,000 • 2008 actual surplus was $3,000 less than budgeted due to higher than budgeted maintenance fees

  6. 2008 Financial Review

  7. 2008 Revenue Detail • Invoiced $96,800 • Received payments of $70,000 for current year fees • Received payments of $4,150 from previous years • Total revenue $74,150 • Payment rate 72%

  8. 2009 New Business

  9. 2009 Budget Outlook Expense Estimates • $49,500 Base Services • $8,000 Plantings • $8,000 Snow Removal • $1,400 Insurance • $100 Property Tax • $3,000 Administration (invoicing) --------------------------------------- $65,000 Total Expenses Revenue Projection • 500 houses x $200 x 70% collection = $70,000 2008 Projected Net Surplus • $5,000 Sufficient cash flow to provide contingency and to consider area enhancements without further Fee increase in 2009

  10. Association Plans for 2009 • Continuation of maintenance services through Foothills Landscaping • Addition of area amenities (trash cans, benches) • Increase focus on plantings (expanded beds, seasonal bulbs) • Landscape Maintenance Agreement recently executed with City of Calgary, permits collection of allocated funds from City maintenance budget • Impose a $50 yearly administration fee for all late payments

  11. Call for Directors • 2 year terms expiring for several board members • Association requires several candidates for specific executive functions: • Secretary • President • 2 year terms • Floor open for nominations & voting

  12. Moving Forward • Working with the Association • How to Reach Us • Email (website contact form) • Directors • Bring us your ideas

  13. Questions? Concerns?Comments?

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