RRROCA 2015 AGM Presentation FY15 Financial Highlights June 30 FY15 FY14 Revenue 76095 97846 Expenses 59791 72803 Surplus 16304 25043 FY14 financial statements restated ID: 501001
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Slide1
Financial Highlights FY15
RRROCA 2015 AGM PresentationSlide2
FY15 Financial Highlights
June 30
FY15
FY14
Revenue$76,095$97,846Expenses$59,791$72,803Surplus$16,304$25,043
FY14 financial statements re-stated.
Some major expense items paid after the June 30, 2014 year-end should have been reflected in FY14 under the accrual method of accounting.
Auditor re-issued report for FY14 on January 20, 2015.
Above amounts reflect the restatement.Slide3
FY15 Financial Highlights
Main sources of revenue:
program fees (eg. spring sports);
membership fees; and
sponsorships.Major expenses:program delivery (eg. spring sports); andcommunity events (eg. Stampede event).No significant changes in operations from prior year.Financial statements do not reflect the value of all non-cash contributions made by community members (eg. volunteer time).Slide4
Community Park
AGLC “casino” funding:
As at June 30, 2015 - $593,402
No casino event during FY15
October 2015 (FY16) another casino event held – payout to be determined (FY14 casino $72k)Retention of AGLC funds approved until December 31, 2015; application submitted to extend this to December 31, 2017.Additional grants have been applied for.Project will be phased, as required, depending on funds available.Slide5
Motions
I move to accept the
restated financial
statements for the Rocky Ridge Royal Oak Community Association for the fiscal
year-end June 30, 2014 as presented by the board.I move to accept the financial statements for the Rocky Ridge Royal Oak Community Association for the fiscal year-end June 30, 2015 as presented by the board.I move that the Rocky Ridge Royal Oak Community Association appoint an auditor engaged through the Federation of Calgary Communities for the fiscal year end June 30, 2016.