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

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
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 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

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 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

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
(website contact form)
Directors
Bring us your ideas

13. Questions? Concerns? Comments?