FORT LANGLEY BIA

2017 Operating Budget

2016 cranfest

In 2016, the Fort Langley BIA maintained a heathy cash balance, but did expend some of its cash reserves, running about $20K additional, expenditures exceeding revenue. The BIA maintained its work load to be about the same as 2015, with 5 events and Christmas, among other smaller miscellaneous items.

The BIA ended 2016 with an healthy cash reserve of ~$61,900, down about 20% from the end of 2015. This was mostly due to an expanded Christmas expenditure that included window decorations for the entire village.

Therefore, with heathy cash reserves and proposed levy increase, the BIA expects to increase expenditure on a numner of new work items, and also operate at a small loss within 2017.

OPERATING BUDGET

2017

REVENUE

98,500 99.2%  
750 0.8%  

TOTAL REVENUE

99,250

EXPENSES

5,500 4.9%  
0 0.0%  
15,500 13.9%  
12,500 11.2%  
5,000 4.5%  
12,500 11.2%  
5,250 4.7%  
50,000 44.7%  
500 0.4%  
1,500 1.3%  
2,500 2.2%  
500 0.4%  
500 0.4%  

TOTAL EXPENSES

111,750

NET OPERATING INCOME (LOSS)

(12,500)

CRANBERRY FESTIVAL BUDGET

2017

REVENUE

2,500 4.9%  
14,500 28.4%  
9,500 18.6%  
5,000 9.8%  
19,500 38.2%  

TOTAL REVENUE

51,000

EXPENSES

3,500 5.5%  
500 0.8%  
13,500 21.3%  
7,500 11.8%  
1,000 1.6%  
2,750 4.3%  
8,500 13.4%  
1,500 2.4%  
1,500 2.4%  
750 1.2%  
800 1.3%  
1,200 1.9%  
750 1.2%  
2,750 4.3%  
6,500 10.2%  
4,000 6.3%  
6,500 10.2%  

TOTAL EXPENSES

63,500

NET OPERATING INCOME (LOSS)

(12,500)