General Meeting Agenda

December 9th, 2023
1:00 PM
OVF Meeting Area

Ocean View Farms 2023 Budget

Category / Description 2023 YTD 2023 Budget Over (Under) FY % YTD 2022 Budget
INCOME
FEES
    MEMBERSHIP FEE
46,077.68
50,000.00
-3,922.32
92.2%
44,600.00
    ASSOCIATE FEE
1,555.00
1,500.00
55.00
103.7%
1,250.00
OTHER INCOME
    RECYCLE
973.28
1,000.00
-26.72
97.3%
1,000.00
    DONATION RECEIVED
15,131.86
1,000.00
14,131.86
1,513.2%
750.00
    GREENHOUSE SALES
2,011.00
2,500.00
-489.00
80.4%
2,100.00
    CARRYOVER
0.00
0.00
-
-
0.00
INTEREST INCOME
    INTEREST EARNED
291.89
300.00
-8.11
97.3%
50.00
TOTAL INCOME  
$ 66,040.71 56,300.00 9,740.71 117.3  
EXPENSE
SITE MANAGEMENT
    BEAUTIFICATION
44.00
200.00
-156.00
22.0%
200.00
    CARPENTRY
276.80
250.00
26.80
110.7%
200.00
    COMPOST & SHREDDING
1,196.01
1,600.00
-403.99
74.8%
1,600.00
    INSURANCE
2,567.00
2,300.00
267.00
111.6%
2,300.00
    EQUIPMENT
0.00
0.00
-
-
0.00
    MISC. GARDEN SUPPLIES
1,056.34
1,200.00
-143.66
88.0%
1,200.00
    ORCHARD
249.41
400.00
-150.59
62.4%
200.00
    PEST MANAGEMENT
476.35
1,050.00
-573.65
45.4%
1,050.00
    PLUMBING
945.62
2,000.00
-1,054.38
47.3%
1,500.00
    PORTABLE
2,852.28
2,500.00
352.28
114.1%
2,300.00
    SECURITY
390.06
450.00
-59.94
86.7%
450.00
    TREE MAINTENANCE
5,085.00
5,000.00
85.00
101.7%
4,000.00
    GREENHOUSE SUPPLIES
963.12
1,000.00
-36.88
96.3%
700.00
ADMINISTRATION
    CHAIR & BOARD
2,722.82
800.00
1,922.82
340.4%
800.00
    MEMBERSHIP
1,599.92
1,500.00
99.92
106.7%
1,100.00
    EDUCATION & NEWSLETTER
105.81
250.00
-144.19
42.3%
250.00
    POTLUCK & WORKDAY
101.02
300.00
-198.98
33.7%
300.00
    OFFICE SUPPLIES
0.00
0.00
-
-
0.00
    DONATED FUNDS
13,100.00
0.00
13,100.00
-
0.00
    PROFESSIONAL SERVICES
0.00
0.00
-
-
0.00
    WEBSITE MODERNIZATION
0.00
0.00
-
-
0.00
    CREDIT CARD PROCESS FEES
0.00
0.00
-
-
0.00
UTILITIES
    D W P - POWER
904.14
900.00
4.14
100.5%
900.00
    D W P - WATER
22,428.70
35,000.00
-12,571.30
64.1%
32,500.00
    TELEPHONE
1,104.41
1,200.00
-95.59
92.0%
1,200.00
TOTAL EXPENSE  
$ 58,168.81 57,900.00 268.81 100.5  
DIRECTED GIVING
    INCOME
0.00
0.00
-
-
0.00
    EXPENSE
0.00
0.00
-
-
0.00
TOTAL DIRECTED GIVING  
$ 0.00 0.00 0.00 -  
RESALE INCOME
    KEY SALES
118.00
500.00
-382.00
23.6%
150.00
    LUMBER SALES
561.00
2,000.00
-1,439.00
28.1%
750.00
    T-SHIRT SALES
1,291.00
750.00
541.00
172.1%
750.00
TOTAL RESALE INCOME  
$ 1,970.00 3,250.00 -1,280.00 60.6  
RESALE EXPENSE
    KEYS FOR RESALE
365.42
200.00
-165.42
182.7%
150.00
    LUMBER FOR RESALE
832.01
2,000.00
1,167.99
41.6%
750.00
    T-SHIRTS PURCHASES
1,362.12
500.00
-862.12
272.4%
750.00
TOTAL RESALE EXPENSE
2,559.55 2,700.00 -140.45 94.8%  
 
NET RESALE INCOME / (EXPENSE)
-589.55 550.00 -39.55    
NET OPERATING INCOME / (EXPENSE)
7,871.90 -1,600.00 6,271.90    
2023 ANNUAL SURPLUS / (DEFICIT)
7,282.35 -1,050.00 6,232.35    
 
 
B of A Checking
51,489.50  
B of A Savings
40,023.21  
First Internet Bank - CD1
11,484.99  
First Internet Bank - CD2
8,317.82  
First Internet Bank - CD3
8,272.50  
Budget as of: 2023-12-09

Ocean View Farms PROPOSED 2024 Budget

Category / Description 2024 YTD 2024 Budget Over (Under) FY % YTD 2023 Budget
INCOME
FEES
    MEMBERSHIP FEE
49,851.00
56,465.00
-6,614.00
88.3%
50,000.00
    ASSOCIATE FEE
2,370.00
1,875.00
495.00
126.4%
1,500.00
OTHER INCOME
    RECYCLE
627.89
1,000.00
-372.11
62.8%
1,000.00
    DONATION RECEIVED
221.86
1,000.00
-778.14
22.2%
1,000.00
    GREENHOUSE SALES
2,502.00
2,500.00
2.00
100.1%
2,500.00
    CARRYOVER
0.00
0.00
-
-
0.00
INTEREST INCOME
    INTEREST EARNED
291.89
300.00
-8.11
97.3%
300.00
TOTAL INCOME  
$ 55,864.64 63,140.00 -7,275.36 88.5  
EXPENSE
SITE MANAGEMENT
    BEAUTIFICATION
94.92
200.00
-105.08
47.5%
200.00
    CARPENTRY
104.53
400.00
-295.47
26.1%
250.00
    COMPOST & SHREDDING
1,340.29
1,200.00
140.29
111.7%
1,600.00
    INSURANCE
2,567.00
2,650.00
-83.00
96.9%
2,300.00
    EQUIPMENT
0.00
0.00
-
-
0.00
    MISC. GARDEN SUPPLIES
957.15
1,200.00
-242.85
79.8%
1,200.00
    ORCHARD
249.41
400.00
-150.59
62.4%
400.00
    PEST MANAGEMENT
576.35
1,100.00
-523.65
52.4%
1,050.00
    PLUMBING
709.34
1,500.00
-790.66
47.3%
2,000.00
    PORTABLE
2,852.28
3,000.00
-147.72
95.1%
2,500.00
    SECURITY
364.88
450.00
-85.12
81.1%
450.00
    TREE MAINTENANCE
5,085.00
8,000.00
-2,915.00
63.6%
5,000.00
    GREENHOUSE SUPPLIES
733.22
1,000.00
-266.78
73.3%
1,000.00
ADMINISTRATION
    CHAIR & BOARD
3,540.88
800.00
2,740.88
442.6%
800.00
    MEMBERSHIP
1,007.15
1,600.00
-592.85
62.9%
1,500.00
    EDUCATION & NEWSLETTER
0.00
250.00
-250.00
-
250.00
    POTLUCK & WORKDAY
60.24
300.00
-239.76
20.1%
300.00
    OFFICE SUPPLIES
0.00
0.00
-
-
0.00
    DONATED FUNDS
13,600.00
0.00
13,600.00
-
0.00
    PROFESSIONAL SERVICES
0.00
1,500.00
-1,500.00
-
0.00
    WEBSITE MODERNIZATION
0.00
6,000.00
-6,000.00
-
0.00
    CREDIT CARD PROCESS FEES
0.00
0.00
-
-
0.00
UTILITIES
    D W P - POWER
904.14
950.00
-45.86
95.2%
900.00
    D W P - WATER
22,428.70
32,000.00
-9,571.30
70.1%
35,000.00
    TELEPHONE
1,104.41
1,200.00
-95.59
92.0%
1,200.00
TOTAL EXPENSE  
$ 58,279.89 65,700.00 -7,420.11 88.7  
DIRECTED GIVING
    INCOME
0.00
25,000.00
-25,000.00
-
0.00
    EXPENSE
0.00
-25,000.00
25,000.00
-
0.00
TOTAL DIRECTED GIVING  
$ 0.00 0.00 0.00 -  
RESALE INCOME
    KEY SALES
56.00
500.00
-444.00
11.2%
500.00
    LUMBER SALES
0.00
2,000.00
-2,000.00
-
2,000.00
    T-SHIRT SALES
495.00
750.00
-255.00
66.0%
750.00
TOTAL RESALE INCOME  
$ 551.00 3,250.00 -2,699.00 17.0  
RESALE EXPENSE
    KEYS FOR RESALE
32.72
200.00
167.28
16.4%
200.00
    LUMBER FOR RESALE
0.00
2,000.00
2,000.00
-
2,000.00
    T-SHIRTS PURCHASES
1,362.12
500.00
-862.12
272.4%
500.00
TOTAL RESALE EXPENSE
1,394.84 2,700.00 -1,305.16 51.7%  
 
NET RESALE INCOME / (EXPENSE)
-843.84 550.00 -293.84    
NET OPERATING INCOME / (EXPENSE)
-2,415.25 -2,560.00 -4,975.25    
2024 ANNUAL SURPLUS / (DEFICIT)
-3,259.09 -2,010.00 -5,269.09    
 
 
B of A Checking
51,489.50  
B of A Savings
40,023.21  
First Internet Bank - CD1
11,484.99  
First Internet Bank - CD2
8,317.82  
First Internet Bank - CD3
8,272.50