Note


Assets



Bank Balance

3

$91,263.04

Fees Receivable

1

​$10,320.00

Total Assets


$101,583.04




Liabilities


$0.00

Total Liabilities


$0.00




Total Assets Less Liabilities


$101,583.04




Association Equity


$101,583.04



Note


Assets



Bank Balance

4

$88,208.62

Fees Receivable

1

​$7,670.00

Optional Amenities Agreement Deposit

3

$10,750.00

Total Assets


$106,628.62




Liabilities


$0.00

Total Liabilities


$0.00




Total Assets Less Liabilities


$106,628.62




Association Equity


$106,628.62


ACCOMPANYING NOTES

Note 1:
This total includes an automatic deduction of an Administrative Fee from Paypal Canada in the amount of $17.25 for 121 online fee payments made through the Castle Keep Residents' Association website.  Paypal Canada charges a 2.9% plus $0.30 fee per transaction.  As of May 31, 2019, there is a total of $7,670.00 in unpaid fees.  $1,650.00 of that balance relates to 2018 and earlier.  $6,020.00 is 2019 fees unpaid.

Note 2:
A mandatory fee of $100.00 was administered per overdue property in the process of collection.

Note 3:
The optional Amenities Agreement deposit is held by The City of Calgary to be used for cost of repair, maintenance and removal of the Amenities.

Note 4:
Castle Keep Residents' Association has a Community Plan Plus Bank Account at TD Canada Trust at 252 Aspen Glen Landing S.W. Calgary.  There is a monthly fee of $4.95 which is rebated if the minimum daily balance is $10,000.00.  The monthly plan includes 30 transactions and 30 deposit Items.  Additional transaction activity is $1.00 each and additional deposit items are $0.22 each.


Note 5:

Insurance renewal was paid in June 2019 and not paid prior to the May 31, 2019 fiscal year end.

Total Receipts Less Disbursements                                                       $1,323.87

End Balance                                                                                        $88,208.62

2020



Statement of Receipts and Disbursements For The Twelve Months Ended May 31, 2020


Balance Forward from May 31, 2019                                                 $88,208.62



Note

 

Receipts



Fees Collected From Residents

1

$35,797.64

Administration Fees From Collection Process

2

$800.00

Total Receipts

 

$36,597.64

 

 

 

Disbursements

 

 

Administrative – Bank Fees, Copying, Postage, Signage, Website


$1,002.91

Containers – Summer Arrangements


$2,825.55

Containers – Summer Maintenance


$712.95

Containers – Winter Arrangements


$4,173.75

Flowers & Bulbs – Entrance Park, Entrance Boulevard


$1,344.00

Insurance – Vandalism, Liability


$1,044.00

Irrigation Lines Start-up & Winterization


$845.25

Maintenance of Lawn – Entrance Park, Boulevards, Playground​


$6,780.90

Legal & Collections


$1,080.00

Maintenance of Beds – Entrance Park, Boulevards, Playground​


$7,683.90

Property Taxes

 

$93.38

Seasonal Lights


$733.69

Snow Removal – Entrance Park Sidewalks & Ascot Link

 

$1,837.52

Utilities

 

$1,437.20

​Water Hauling - Boulevards, playground, containers

 

$2,022.87

Total Disbursements

 

$33,617.87

 

































Total Receipts Less Disbursements                                                       $2,979.77
End Balance                                                                                        $91,263.04

ACCOMPANYING NOTES

Note 1:
This total includes an automatic deduction of an Administrative Fee from Paypal Canada in the amount of $2.36 for 111 online fee payments made through the Castle Keep Residents' Association website.  Paypal Canada charges a 2.9% plus $0.30 fee per transaction.  As of May 31, 2020, there is a total of $10,320.00 in unpaid fees.  $1,920.00 of that balance relates to 2019 and earlier. $8,400.00 is 2020 fees unpaid.

Note 2:
A mandatory fee of $100.00 was administered per overdue property in the process of collection.

Note 3:
Castle Keep Residents' Association has a Community Plan Plus Bank Account at TD Canada Trust at 252 Aspen Glen Landing S.W. Calgary.  There is a monthly fee of $4.95 which is rebated if the minimum daily balance is $10,000.00.  The monthly plan includes 30 transactions and 30 deposit Items.  Additional transaction activity is $1.00 each and additional deposit items are $0.22 each.


Note

 

Receipts



Fees Collected From Residents

1

$43,992.75

Administration Fees From Collection Process

2

$100.00

Total Receipts

 

$44,092.75

 

 

 

Disbursements

 

 

Administrative – Bank Fees, Copying, Postage, Signage, Website


$883.59

Containers – Summer Arrangements


$2,793.00

Containers – Summer Maintenance


$329.70

Containers – Winter Arrangements


$3,753.75

Flags


$892.50

Flowers & Bulbs – Entrance Park, Entrance Boulevard


$911.61

Insurance – Vandalism, Liability

5

$0.00

Irrigation Lines Start-up & Winterization


$546.00

Legal & Collections


$0.00

Maintenance of Lawn – Entrance Park, Boulevards, Playground​


$11,660.25

Maintenance of Beds – Entrance Park, Boulevards, Playground​


$8,357.27

Property Taxes

 

$82.37

Seasonal Lights


$545.48

Snow Removal – Entrance Park Sidewalks & Ascot Link

 

$1,417.50

Utilities

 

$1,530.20

​Water Hauling - Boulevards, playground, containers

 

$9,065.66

Total Disbursements

 

$42,768.88

 

2019



Statement of Receipts and Disbursements For The Twelve Months Ended May 31, 2019


Balance Forward from May 31, 2018                                                 $86,884.75

Historical Financial Information