FINANCIAL REPORT October 2011

FINANCIAL REPORT FISCAL 2012

FINANCIAL REPORT SEPTEMBER DRAFT REPORTS OCTOBER MOTIONS PUT FORWARD From September Report FINANCIAL REPORT SEPTEMBER DRAFT REPORTS OCTOBER MOTIONS PUT FORWARD NOVEMBER QUESTIONS CALLED

FINANCIAL REPORT FISCAL 2012 Financial report YTD 2012 From September Report Financial report YTD 2012 Budget projection 2013 first draft Restructured LAB moorage fee schedule Restructured Recreational moorage fee schedule Contingency funding proposals Garage pricing proposal Floatation maintenance control proposal Special report: Financial consideration of major tool enhancements Maintenance Workshop and workbench

FINANCIAL REPORT FISCAL 2012 YTD Total Revenue So far 188,452.00 From September Report Total Revenue So far 188,452.00 Budgeted 448,530.00 Left to use 260,078.00 Projected 452,284.80 Delta 3,754.80 0.84 % over budget Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 150.76 12.56 8223.36 685.28 Total Revenue

FINANCIAL REPORT FISCAL 2012 YTD Total Revenue Total Expense From September Report Total Revenue Total Expense So far 188,452.00 187,547.06 Budgeted 448,530.00 408,400.48 Left to use 260,078.00 220,853.42 Projected 452,284.80 370,131.33 Delta 3,754.80 38,269.15 0.84 % over budget 9.37% surplus Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 150.76 12.56 8223.36 685.28 Expense 123.38 10.28 6729.66 560.81 Total Revenue

FINANCIAL REPORT FISCAL 2012 YTD Total Revenue Total Expense From September Report Total Revenue Total Expense So far 188,452.00 187,547.06 Budgeted 448,530.00 408,400.48 Left to use 260,078.00 220,853.42 Projected 452,284.80 370,131.33 Delta 3,754.80 38,269.15 0.84 % over budget 9.37% surplus Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 150.76 12.56 8223.36 685.28 Expense 123.38 10.28 6729.66 560.81 Net 27.38 2.28 1493.70 124.47

Budget projection 2013 first draft FINANCIAL REPORT Budget projection 2013 first draft From September Report Total Revenue Total Expense 2012 448,530.00 408,400.48 2013 467,700.00 428,432.96 Delta 19,170.00 20,032.48 3.7 % inflation Net 39,270.00 ( 8.4 % ) Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 155.90 12.99 8503.64 708.64 Expense 142.81 11.90 7789.69 649.14 Net 13.09 1.09 713.95 59.50

FINANCIAL REPORT Restructured LAB moorage fee schedule Restructured Recreational moorage fee schedule From September Report Recreational Member 2012 11.02 5.15 2013 11.42 5.56 Delta 0.40 0.41 3.7 % inflation

Contingency funding proposals FINANCIAL REPORT Contingency funding proposals From September Report Share equity scheduling portfolio (150,000 & 20 – 30,000 per year) Dynamic investment portfolio (50,000) Major project set-aside portfolio (20,000 per year)

Contingency funding proposals FINANCIAL REPORT Contingency funding proposals From September Report Share equity scheduling portfolio (150,000 & 20 – 30,000 per year) Target: 10% P/A 2036 range: 2,000,000 – 4,000,000 Dynamic investment portfolio (50,000) Major project set-aside portfolio (20,000 per year)

Contingency funding proposals FINANCIAL REPORT Contingency funding proposals From September Report Share equity scheduling portfolio (150,000 & 20 – 30,000 per year) Target: 10% P/A 2036 range: 2,000,000 – 4,000,000 Dynamic investment portfolio (50,000) Target: 20% P/A Major project set-aside portfolio (20,000 per year)

Contingency funding proposals FINANCIAL REPORT Contingency funding proposals From September Report Share equity scheduling portfolio (150,000 & 20 – 30,000 per year) Target: 10% P/A 2036 range: 2,000,000 – 4,000,000 Dynamic investment portfolio (50,000) Target: 20% P/A Major project set-aside portfolio (20,000 per year) Potential projects: Pilings Dock plate replacements New Hydro line New Vacuum line

Garage pricing proposal FINANCIAL REPORT Garage pricing proposal From September Report Current Quarterly rate Cost: 114.66 Taxes: 13.76 Total: 128.42 Break-even quarterly rate Cost: 142.50 Taxes: 17.10 Total: 159.60 Increase in monthly rate: 2013 10.39 (April 1, 2012) projected: 2014 1.97 3.7 % inflation

Floatation maintenance control FINANCIAL REPORT Floatation maintenance control proposal From September Report Baseline All weight off entire dock for 1 week. Floatation of entire dock set to 4 inches wailer to water. Added weight Responsibility of owner-member. Must re-establish 4 inch standard. Extra floatation must be removed when member moves. Floatation services provided by Marina at cost.

FINANCIAL REPORT Special report: Financial consideration of major tool enhancements Maintenance Workshop and workbench From September Report Tractor Cost: not quite 3000. Capacity: 450 lbs on 50% slope. 6 hours running on 4 hour charge. Cost – benefit: assuming a 5 year amortization. at $30 per hour, must save 2 hours per month. Safety: cannot lose control on ramp. operator not involved in lift or turn of cargo.

FINANCIAL REPORT Special report: Financial consideration of major tool enhancements Maintenance Workshop and workbench From September Report Workshop Air filtration. Secure small tool storage. Panic alarm. Workbench Secure storage. Consider relocation of maintenance equipment.

FINANCIAL REPORT Exit Strategy Based on Contingency Fund Projection From September Report year Balance Share 55 Investment 1 189,000.00 3,436.36 $444.00 2 231,900.00 4,216.36 $888.00 3 279,090.00 5,074.36 $1,332.00 4 330,999.00 6,018.16 $1,776.00 5 388,098.90 7,056.34 $2,220.00 10 771,559.56 14,028.36 $4,440.00 21 2,646,097.48 48,110.86 $9,324.00 22 2,934,707.23 53,358.31 $9,768.00 23 3,252,177.95 59,130.51 $10,212.00 24 3,601,395.74 65,479.92 $10,656.00 25 3,985,535.32 72,464.28 $11,100.00

FINANCIAL REPORT New Stuff Half the Fiscal Year 2012

FINANCIAL REPORT FISCAL 2012 YTD Total Revenue So far 226,093.78 Budgeted 448,530.00 Left to use 222,436.22 Projected 452,187.56 Delta 3,657.36 0.82 % over budget Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 150.73 12.56 8074.78 672.90 Total Revenue

FINANCIAL REPORT FISCAL 2012 YTD Total Revenue Total Expense So far 226,093.78 205,157.60 Budgeted 448,530.00 408,400.48 Left to use 222,436.22 203,242.88 Projected 452,187.56 369,505.43 Delta 3,657.36 38,895.05 0.82 % over budget 9.52% surplus Per Member Per foot Per Share Annual Monthly Annual Monthly Revenue 150.73 12.56 8074.78 672.90 Expense 123.17 10.26 6598.31 549.86 Total Revenue