1. Wentworth Residents’ Association Annual General Meeting March 28, 2007
Title

2. Agenda Opening Remarks Review Highlights from 2006 AGM
2006 Financial Highlights
New Business
Maintenance Contractor Selection
2007 Budget Highlights
Nominations, Volunteers
Directors
Auditor
Questions

3. The WRA Board of Directors
Directors: Janet Welsh James Waddock Sharleen Traynor Sean Reily
Secretary: Sandra Burns
Treasurer: Greg Leusink
President: Brian Wilson

4. March 2006 AGM
Held on March
22 residents in attendance, along with 3 rep’s from Dundee
Meeting Highlights:
Review by Dundee of Residents Association purpose, scope
Ongoing work, obligations by Dundee in 2006
Financial position
Election of a new board of directors; resignation of the Dundee board
Brief discussion around commercial development in the area

5. 2006 Financial Highlights Assets Liabilities Equity Receipts
$29,800 Fees received
287 of 365 homes invoiced (79%)
12 payments from 2005
$307 GIC interest income
$30,107 Total Receipts
Disbursements
$23,862 Maintenance costs
$2, Insurance
$ Property Tax
$ Audit
$ Bank Fees
$ Administration
$27,157 Total Disbursements
Net Surplus
$2,950
Assets
$5,314 Cash
$8,088 GIC
$9,800 Fees Receivable
$1,132 Prepaid Insurance
$13,000 Land
$37,334 Total Assets
Liabilities
$1764 Mtce. Invoice
$ 489 Administration
$107 Property Tax
$2,360 Total Liabilities
Equity
$35,106

6. 2007 New Business

7. Area Maintenance Proposals
Services provided by Clarke Property Service throughout 2006, principally administered by Dundee as area FAC process advanced
WRA sought competitive proposals in January from 4 service contractors
3 proposals received in February (one declined to submit)
Negotiations commenced with 2 lowest bidders on an equal service basis; resulted in award to Foothills Landscaping;
Services commence April 1
Development & execution of a Landscape Maintenance Agreement with City of Calgary underway – some funding available
WRA will endeavour to hold fees at new rate of $200 for some years to come

8. 2007 Budget Highlights
Expense Estimates
$47,000 Base Services
$5,000 Plantings
$3,000 Snow Removal
$2,300 Administration
$56,500 Total Expenses
Revenue Projection
400 houses x $200 x 80% collection = $64,000
50 houses x $100 x 80% collection = $4,000 (mid year move-ins)
2007 Projected Net Surplus
$11,500
Sufficient surplus to provide contingency and to consider area enhancements

9. It’s our Association to structure as we please!
Call for Volunteers
Don’t just be informed, be involved
4 (four) new Director positions available on Board for several special committees:
Communications, web support
Fund Raising (e.g. tot lot, additional amenities)
Landscape planning & design
Special events, social activities
Requirement for Auditor
It’s our Association to structure as we please!

10. Moving Forward Working with the Association How to Reach Us
(website contact form)
Directors
Bring us your ideas
By-law Infractions & Restrictive Covenants

11. Questions? Concerns? Comments?