STRATAPLANLMS4071.THE EUROPA / 2OO9OPERATINGBUDGET APPROVED2OO8 FiscalYear: March1st to Februarv28th CHART
cooE
DESCRIPTION
REVENUES 4050-00 StrataFees 4150-00 By-LawFines/ LateFees 21400-00 Move-in/ Move-outCharges 4425-00 AccessCard 4450-00 Key Revenue 4825-00 DoorOpeners- Transmitters 4850-00 Miscellaneous TOTALREVENUES
EST.TO APPROVED YEAR.END A FEB29108 APPROVED OPTION Y.T-D wf TH 2007 | 2008 2008/ 2009 ACTUAL (JAN31/06) ACCRUALS BUDGET BUDGET
666,936 4,591 2,600 1,600 123 842 67E,267
727,572 4,700 2,800 1,800 145 1,675 900 739,592
727,572 1,000 3,000 1,000 50 1,000 0 733,622
781,745 '1,500 2,500 1,000 50 1,000 0 787,795
ao 471
41,189 257 7,000 10,000 2,573 400 57,586 1,733 1,684 1,498 650 124,533 3,000 252,103
EXPENSES ADMINISTRATIVE EXPENSES 51'10-00 l\4anagemeniFees 5120-00 BankAdministration Fee 5130-00 Photos/ Postage / Courier 5135-00 LegaliConsulting 5140-00 Audit 5142-OO TrustAudit 5150-00 InsuranceExpense 5155-00 InsuranceAppraisal 5165-00 Licenses& Permits 5175-00 Telephone 5187-00 OfilceSupplies 5215-00 Concierge 5280-00 Meetings & Miscellaneous TOTALADMINISTRATIVE EXPENSES
237,553
259,876
257 6,000 5,000 2,115 500 47,264 0 1,684 1,498 650 143,172 1,100 249,211
UTILITIES 5310-00 B.C.HydroElectricity 5330-00 MunicipalWater/ Sewer 5340-00 GarbageOisposal 5352-00 Enterphone 5380-00 Heating TOTALUTILITIES
41,136 48,140 11,347 2,036 105,8'r1 208,459
49,500 64,500 12,200 2,140 139,000 267,300
54,050 57,500 10,000 2,400 123,600 247,550
52,000 65,000 12,500 2,400 139,000 270,900
32,065 1,617 1,126 6,047
34,953 4,000 1,246 8,000 13,000 2,800 3,300 3,296 62,000 7,500 6,000 3,300 2,500 'r5,t,855
34,980 4,000 1,O44 7,000 10,494 2,000 2,000 3,300 35,000 8,000 8,400 1,500 3,050
34,980 4,000 1,044 7,000 13,000 2,000 2,500 3,300 45,000 8,000 23,400 1,500 3,050
BUILDING MAINTENANCE 5410-00 Janitorial 5420-00 Supplies 5430-00 PestConlrol 5440-00 Security& AlarmSystem 5450-00 ElevatorMaintenance 5460-00 Electrical/ Lighting 5465-00 LightBulbs 5470-00 Plumbing 5480-00 Mechanical / Generator 5500-00 FireEquipment 5505-00 GeneralExterior/lnteriorRepairs 5510-00 Locks& Keys 5540-00 Carpets& Flooring TOTALBUILDING MAINTENANCE
36,266 233 7,694 6,869 1,939 344 45,561 0 't ,632 1,241 473
t anz 2,652 1,049 55,320 7,090 (3,576) 3,053 2,378 120,946 2OO8.2OO9 APPROVED
255 8,300 8,000 2,573 344 50,189 0 1,632 '1,354 625 '143,919
120,768
148,174 Page 1
STRATAPLAN LMS 4071. THE EUROPA
APPROVED / 2OO9 BUDGET 2OO8 OPERATING FiscalYear: March 1st to Februarv28th CHART CO DE
EST.TO APPROVED YEAR.END APPROVED OPTIONA FEB 29/08 Y-T.D 2008/ 2009 2007t2008 ACTUAL WITH (JAN31/08) ACCRUALS BUOGET BUDGET
DESCRIPTION
EXTERIOR MAINTENANCE & REPAIRS 5605-00 GeneralRepairs 5630-00 Window/ SkylightMaintenance 5632-00 GarageCleaning 5640-00 GarageDoors 5656-00 KeeferSteos TOTAL EXTERIORMAINTENANCE& REPAIRS GROUNDS & GARDENS 5710-00 LandscapingServices 5712-00 Landscaoelmorovements 5740-00 SnowRemoval 5797-00 Fountains / lrrigation TOTALGROUNDS & GARDENS RECREATION CENTRE 58'10-00 RecreationCenlreMainlenance 5825-00 PoolMaintenance 5855-00 Chemicals TOTALRECREATION CENTRE TOTALOPERATING EXPENSES TRANSFER TO RESERVES 8100-00 Contingency Reserve Fund TOTALTRANSFER TO RESERVES TOTALRESERVES & EXPENSES NETSURPLUS / (DEFICIT)
500 5,300 800 1,500 6,608
5,000 5,400 1,600 2,400 5,800 20,200
0 5,400 1,600 2,400
6,985 1,500 0 4,500 12,985
7,000 3,000 500 5,000 15,500
7,000 2,500 500 5,C00 15,000
12,O42
4,200 9,000 1,200 14,400
3,000 9,500 1,200 13,700
3,000 9,000 1,200 13,200
605,6'11
721,124
666,929
716,177
176 5,276 c5/
8,558
6,408 0 11,267
3,46'1 /,cuc 996
71,618
66,693 61,135 666,746
787,817
1't,520
(48,2251
2OO8-2009 A P P R OV E D
66,693
7 1, 618
733,622
787,795
u
0
Pa?e 2
haN\ &pr.z+laa 3/4 VOTE RTSOLUTION#4 it wasMOVED andSECONDED(Tan#2306i Jackson #708;. WHEREAS theStrataCorporation hasbeenunableto arrange for theDevelopers to attend to buildingdeticiencies identitiedby Levelton;and WHEREAS the StrataCorporationhasa duty to maintaintheCommonProperty;and WHEREAS failureto remedythe exteriordeficiencies may resultin buildingenvelope problemswhichcouldaffectthe ten-yearstuctural warranty;and WHEREAS the StrataCorporationwishesto proceedwith remedialwork on the exterior deficiencies;
\3f f
BE IT THEREFORE RESOLVED asa 3/4 VoteResolution of theOwners,StrataPlan LMS 4071,The Europa,to authorizean expenditure of up to $.150,000 to remedythe exteriorbuildingdeficiencieswith thesefundsto beraisedby way of $150 000 fiom the Conting.n.vBClgrvgru!4 and$300.000 by wayofa Special Levy. (a) Each Strata Lot's shareof the SpecialLevy is due and payableimmediately on the date of passageof this Resolution. For convenienceonly, an Owner may pay the amount due on May 1". 2006. The cheque must be for the amountshown oppositethe StrataLot on Schedule"B" attachedhereto. (b) In the event that the amount collected for the Special Levy exceedsthe amount required or, for any other reason,is not fully used for the purposes set out in this Resolution, then, in accordancewith Section 108(5) of the Strata Property lcf, S.B.C. 1998, c. 43, the Strata Corporation musi retum the money, in proportion to the StrataLot's contribution, to the Owner of record at the dateofsuch retum ofunexpendedfunds. (c) In the event that a StrataLot is sold or thereare any changesto title, prior to the Special Levy being paid, the SpecialLevy must be paid in fulI before a "Form F - Certificate ofFull Payment" can be used pursuantto section 115 of the Strata Property Act. CARRIED UNANIMOUSLY
A,;tA Agr.z+/or 3/4 VOTE RESOLUTION#7 It wasMOVED andSECOI{DED (Mclaughlin#2309 I Hooper#2709). WHEREAS attemptsto address the deficiencylist associated with thebuildingenvelope ofThe Europawith theDeveloperhaveresultedin therequirement of a legalopinion; BE IT THEREFORE RESOLVED asa 3/4 Vote Resolutionof theOwners,StrataPlan LMS 4071, The Europa,to authorizean amount of $10,000from the Contingency ReserveFundto obtaina legalopinionrelatingto thedefiiffiG CARRIED. 5l in favour,5 opposed,3abstentions.