City of Grande Prairie: Helen Rice County of Grande Prairie: Corey Beck Saddle Hills County: John Moen MD of Greenview: Roxie Rutt County of Birch Hills: Cheryl Bogdanek MD of Spirit River: Elaine Garrow Town of Spirit River: Denise Skoworodko Town of Beaverlodge: Roger Loberg Town of Sexsmith: Claude Lagace Town of Wembley: Colleen Holler Village of Rycroft : Pat Sydoruk Village of Hythe: Gordon Nicholson 2016 Board of Directors The detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office The detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office The detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office The detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office 9505 9505 9505 9505- - -102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 ● ● ● Ph: 780 Ph: 780 Ph: 780 Ph: 780- - -532 532 532 532- - -2905 Fax: 780 2905 Fax: 780 2905 Fax: 780 2905 Fax: 780- - -539 539 539 539- - -3155 3155 3155 3155 ● ● ● www.grandespirit.org www.grandespirit.org www.grandespirit.org www.grandespirit.org 2016 Financial Synopsis— Provincial Provincial Provincial Provincial Operations Operations Operations Operations Housing Balance Sheet Housing Balance Sheet Housing Balance Sheet Housing Balance Sheet Assets Assets Assets Assets Cash $700,025 Accounts Receivable $74,116 Prepaid Expenses $292,507 Security Deposit Trust Account $23,529 Liabilities Liabilities Liabilities Liabilities Accounts Payable $318,388 Accrued Vacation Liability $83,633 Unexpended Donations $44,114 Tenants Security Deposit $23,164 Restricted Operating Reserve $70,600 Due to ASHC $36,739 Housing Income Statement Housing Income Statement Housing Income Statement Housing Income Statement Resident Revenue $2,055,278 Utilities Recovered $281,884 Sundry Income $106,735 Operating Grant (from Province) $500,002 Total Revenue Total Revenue Total Revenue Total Revenue $2,943,899 $2,943,899 $2,943,899 $2,943,899 Taxes $4,180 Utilities $695,814 Operating Expenses $79,473 Maintenance /Improvements $954,994 Staffing $998,522 Administration $388,418 Total Expenses Total Expenses Total Expenses Total Expenses $3,121,401 $3,121,401 $3,121,401 $3,121,401 Capital Asset/Amortization Exp Capital Asset/Amortization Exp Capital Asset/Amortization Exp Capital Asset/Amortization Exp $30,769 $30,769 $30,769 $30,769 Due to ASHC (Province of AB) Due to ASHC (Province of AB) Due to ASHC (Province of AB) Due to ASHC (Province of AB) $36,739 $36,739 $36,739 $36,739 2016 Financial Synopsis— Lodge Lodge Lodge Lodge Operations Operations Operations Operations Lodge Balance Sheet Lodge Balance Sheet Lodge Balance Sheet Lodge Balance Sheet Assets Assets Assets Assets Cash $970,584 Accounts Receivable $2,412,822 Prepaid Expenses $2,659 Capital Equity $40,064,814* * * Liabilities Liabilities Liabilities Liabilities Accounts Payable $4,791,052* * * Accrued Vacation Liability $218,812 Unexpended Donations $81,532 Long Term Debt (Lodge) $11,348,632* * * Long Term Debt (Other) $401,793 Capital Surplus $8,308,796* * * Accumulated Cash Surplus -$1,953,842* * * Capital Reserve $117,500 * * *Due to Capital Projects Lodge Income Statement Lodge Income Statement Lodge Income Statement Lodge Income Statement Resident Revenue $4,311,759 Municipal Requisitions $965,417 Lodge Assistance Grant $1,217,725 Other Revenue & Grants $1,455,526 Total Revenue Total Revenue Total Revenue Total Revenue $7,950,427 $7,950,427 $7,950,427 $7,950,427 Taxes $0 Utilities $550,762 Food/Housekeeping Supplies $845,970 Resident Services $48,116 Maintenance /Improvements $1,726,641 Staffing $3,860,930 Administration $412,314 Long Term Debt Interest $35,269 Total Expenses Total Expenses Total Expenses Total Expenses $7,480,002 $7,480,002 $7,480,002 $7,480,002 Excess (Shortfall) Excess (Shortfall) Excess (Shortfall) Excess (Shortfall) $470,425 $470,425 $470,425 $470,425 The Government of Alberta also funded $3.196 million in Rent Supplements helping 423 households! “We serve seniors, families, and individuals by providing quality, affordable housing” “Lakeview” - Seniors Lodge & Apartments in Clairmont