2025-04 Monthly Financials
FINANCIAL COMMENTS AS OF APRIL 30, 2025
Following the March late release of financial information, we hope with April we are back to a more normal time frame for the release. Remember a separate memo was issued on insurance results and you will find it on our new website, see the email on the new website that was sent and please register. The new website will allow you to have access to a lot of information.
From last month comments, “The website will be an evolutionary process, and we do hope to have more functionality by next fall. When you register and you have some comments, please send those comments via the website insert. Please keep reading any memo that Michel can issue on the website.”
The REVENUE section forecast now includes 12 months of the positive result from the insurance. We increased the forecast for “insurance deductible i.e. fee transfer to reserve” from the budgeted amount of $225,000.00 to $ $305,440.00. The offset of this entry is found in the reserve section under account #2535 Insurances Deductible for an amount of $79,939.00 i.e. a rounding differential. We increased the revenue from interest, account #103 from $55,000.00 to $60,000.00, this has no impact on the operating budget, interest revenue belongs to the reserve accounts.
On the UTLITIES, no significant change from last month’s forecast.
In the ADMINISTRATIVE type of expenses, we went down by $83,705.00 compared to the month of March forecast. Mainly due to reduction in account #310 INSURANCE by $79,939.00, the administrative payroll account #300 by a further $2,000.00, and a series of various accounts minor changes.
The MAINTENANCE section saw the forecast going from a March forecast of $700,606.00 to $702,806.00 in April, this compared to a yearly budget of $693,276.00. Minor modification to a series of accounts.
Please review our new website to see a list of on-going contracts and projects in planning stage.
In total minimal change from March forecast. Thanks for reading
Michel Poirier, Treasurer
Andre Mongrain, President
April 14, 2025
Please view the file attachment below for the financial results
