Fiscal year April 1, 2026 – March 31, 2027
The books
Three bank accounts, because the Strata Property Act does not let you mix them. Operating runs the building. The contingency reserve is for repairs the depreciation report already named. The parkade levy is a trust that closes when the membrane is done.
Operating cash
$81,797.62
Unrestricted equity $100,473.32
Reserve
$603,780.00
Cash $603,688.80
Levy trust
$31,548.00
$39,600.00 of work left
War chest at cost
$6,885.00
Fair value $6,791.00 · -$94.00 unrealized
The operating fund, the reserve, and the levy each tie. Budgeted fees plus other income equal operating expenses plus the reserve contribution.
Fees billed vs operating expenses
April through September. Fees are flat. Expenses move with summer grounds work and the September payroll start.
Teal is fees billed. Orange is operating expenses. The reserve contribution is not in the orange bars — it is not an operating expense.
Year to date, operating fund
Fee income that belongs to operating: $140,400.00.
Other income: $2,920.00.
Operating expenses: $127,441.68.
Surplus before the war-chest allocation: $15,878.32.
The war chest took $2,430.00 of that surplus. It is a transfer inside the fund, not an expense, and it is not a CRF withdrawal.
Insurance and the long repair list
Harbour Insurance Brokers (demo). Policy HH-2847-26, April 1, 2026 – March 31, 2027. Premium $48,600.00 was prepaid and is expensed monthly. Water deductible $25,000.00. Quake: 10% of the insured value, minimum $100,000.
RJC Engineers (demo) report dated June 12, 2024. Recommended reserve contribution $48,000.00. AGM funded $43,200.00. Next report June 12, 2029.