2016 financial synopsis— provincialprovincial … · 2017-03-22 · 2016 financial...
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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 OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office
9505950595059505----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: 780Ph: 780Ph: 780Ph: 780----532532532532----2905 Fax: 7802905 Fax: 7802905 Fax: 7802905 Fax: 780----539539539539----3155 3155 3155 3155 ●●●● www.grandespirit.orgwww.grandespirit.orgwww.grandespirit.orgwww.grandespirit.org
2016 Financial Synopsis—ProvincialProvincialProvincialProvincial OperationsOperationsOperationsOperations Housing Balance SheetHousing Balance SheetHousing Balance SheetHousing Balance Sheet
Assets Assets Assets Assets
Cash $700,025
Accounts Receivable $74,116
Prepaid Expenses $292,507
Security Deposit Trust Account $23,529
LiabilitiesLiabilitiesLiabilitiesLiabilities
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 StatementHousing Income StatementHousing Income StatementHousing 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 ExpCapital Asset/Amortization ExpCapital Asset/Amortization ExpCapital 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— LodgeLodgeLodgeLodge OperationsOperationsOperationsOperations Lodge Balance SheetLodge Balance SheetLodge Balance SheetLodge Balance Sheet
Assets Assets Assets Assets
Cash $970,584
Accounts Receivable $2,412,822
Prepaid Expenses $2,659
Capital Equity $40,064,814****
LiabilitiesLiabilitiesLiabilitiesLiabilities
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 StatementLodge Income StatementLodge Income StatementLodge 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
Portfolio ( At December 31, 2016)At December 31, 2016)At December 31, 2016)At December 31, 2016)
Program NameProgram NameProgram NameProgram Name Total Total Total Total TotalTotalTotalTotal AverageAverageAverageAverage AverageAverageAverageAverage OperatingOperatingOperatingOperating
UnitsUnitsUnitsUnits ResidentsResidentsResidentsResidents AgeAgeAgeAge Rent PaidRent PaidRent PaidRent Paid CostCostCostCost
(per unit/month)(per unit/month)(per unit/month)(per unit/month) (per unit/month)(per unit/month)(per unit/month)(per unit/month)
Seniors LodgeSeniors LodgeSeniors LodgeSeniors Lodge
Grande Prairie 235 251 86 years $1266 $1733
Spirit River 42 42 86 years $1208 $2334
Provincial ProgramsProvincial ProgramsProvincial ProgramsProvincial Programs
Seniors Apartment Seniors Apartment Seniors Apartment Seniors Apartment
Grande Prairie 122 123 79 years $530 $557
Rural 156 156 80 years $504 $747
Family Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct Rental
Grande Prairie 40 101 (Adult) 42 years $399 $1110
Rural 23 60 (Adult) 35 years $521 $1155
Family Housing Rent SupplementFamily Housing Rent SupplementFamily Housing Rent SupplementFamily Housing Rent Supplement MonthlyMonthlyMonthlyMonthly Average Subsidy PaidAverage Subsidy PaidAverage Subsidy PaidAverage Subsidy Paid
Private Landlord Program 308 521 (Adult) 48 years $617
Direct to Tenant Program 203 522 (Adult) 42 years $471
Contract ManagementContract ManagementContract ManagementContract Management
Accessible HousingAccessible HousingAccessible HousingAccessible Housing 17 25 (Adult) 48 years $409
Affordable HousingAffordable HousingAffordable HousingAffordable Housing Affordable RentsAffordable RentsAffordable RentsAffordable Rents
Margaret Edgson Manor 70 122 (Adult) 46 years $725
Hearthstone Manor 40 58 (Adult) 43 years $500—$850
Turnover 2016201620162016
MoveMoveMoveMove----outsoutsoutsouts MoveMoveMoveMove----insinsinsins
LodgeLodgeLodgeLodge 70 67
Senior ApartmentSenior ApartmentSenior ApartmentSenior Apartment 52 51
Family Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct Rental 17 20
Affordable HousingAffordable HousingAffordable HousingAffordable Housing 39 34
Accessible HousingAccessible HousingAccessible HousingAccessible Housing 1 2
Waitlist (At December 31, 2016)(At December 31, 2016)(At December 31, 2016)(At December 31, 2016)
Seniors Lodge 131 Households
Seniors Apartment 100 Households
Senior Enhanced Apartment 61 Households
Family & Special Purpose Housing 477 Households
HIGHLIGHTS
� Richard Harpe stepped down as Board Chair after 25+ years of service on the Board
� Work began on the $2.2M Capital Fire Suppression System Upgrade in the Seniors
Lodges
� Maintenance upgrades on provincial housing units of over $950,000 as well as a
Capital Sprinkler Upgrade at Dieppe Manor
� Negotiated a 3-year Contract with CUPE Local 3623
� Provided sponsorship for the Greymatters Conference in September
� “Lakeview” Construction Project in Clairmont is in full swing with a focus on
completing all aspects of opening in Spring 2017!
Dieppe Manor
l-r: Fay Giesbrecht, Michelle Stokke (Manager),
Pat Mulcahy, Gwen Rubie
Staff Profile
Total Staff 119
Administrative Services 14
Food Services 18
Resident Services 52
Relief Staff 21
Maintenance Services 14
Annual Payroll $5,598,461
Heritage Lodge Residents
Staff enjoying Hallowe’en at Pleasantview Lodge!
l-r: Evelyn Bzowy (Manager), Lynn Bouchard, Ingrid Pickl,
Elsie Jorgensen, Diane Boivin, Cindy Hachey