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

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

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

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

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

2008 Financial Review 2008 Budget 2008 Actual Difference Revenue $74,000 $74,150 $150 Expenses $65,200 $68,484 $3,284 Net Surplus $8,800 $5,866 -$3,134

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%

2009 New Business

2009 Budget Outlook Expense Estimates Revenue Projection $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

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

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

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

Questions? Concerns? Comments?