General Meeting Agenda

February 10th, 2024
1:00
OVF





 

 

Ocean View Farms 2024 Budget

Category / Description 2024 YTD 2024 Budget Over (Under) FY % YTD 2023 Budget
INCOME
FEES
    MEMBERSHIP FEE
50,580.00
56,465.00
-5,885.00
89.6%
50,000.00
    ASSOCIATE FEE
2,510.00
1,875.00
635.00
133.9%
1,500.00
OTHER INCOME
    RECYCLE
486.19
1,000.00
-513.81
48.6%
1,000.00
    DONATION RECEIVED
162.00
1,000.00
-838.00
16.2%
1,000.00
    GREENHOUSE SALES
1,122.00
2,500.00
-1,378.00
44.9%
2,500.00
    CARRYOVER
0.00
0.00
-
-
0.00
INTEREST INCOME
    INTEREST EARNED
0.13
300.00
-299.87
0.0%
300.00
TOTAL INCOME  
$ 54,860.32 63,140.00 -8,279.68 86.9  
EXPENSE
SITE MANAGEMENT
    BEAUTIFICATION
50.92
200.00
-149.08
25.5%
200.00
    CARPENTRY
83.09
400.00
-316.91
20.8%
250.00
    COMPOST & SHREDDING
337.92
1,200.00
-862.08
28.2%
1,600.00
    INSURANCE
0.00
2,650.00
-2,650.00
-
2,300.00
    EQUIPMENT
0.00
0.00
-
-
0.00
    MISC. GARDEN SUPPLIES
254.46
1,200.00
-945.54
21.2%
1,200.00
    ORCHARD
0.00
400.00
-400.00
-
400.00
    PEST MANAGEMENT
0.00
1,100.00
-1,100.00
-
1,050.00
    PLUMBING
0.00
1,500.00
-1,500.00
-
2,000.00
    PORTABLE
0.00
3,000.00
-3,000.00
-
2,500.00
    SECURITY
210.17
450.00
-239.83
46.7%
450.00
    TREE MAINTENANCE
0.00
8,000.00
-8,000.00
-
5,000.00
    GREENHOUSE SUPPLIES
0.00
1,000.00
-1,000.00
-
1,000.00
ADMINISTRATION
    CHAIR & BOARD
405.28
800.00
-394.72
50.7%
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
13.94
300.00
-286.06
4.6%
300.00
    OFFICE SUPPLIES
0.00
0.00
-
-
0.00
    DONATED FUNDS
0.00
0.00
-
-
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
72.54
950.00
-877.46
7.6%
900.00
    D W P - WATER
668.33
32,000.00
-31,331.67
2.1%
35,000.00
    TELEPHONE
98.00
1,200.00
-1,102.00
8.2%
1,200.00
TOTAL EXPENSE  
$ 3,201.80 65,700.00 -62,498.20 4.9  
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
85.00
500.00
-415.00
17.0%
500.00
    LUMBER SALES
108.00
2,000.00
-1,892.00
5.4%
2,000.00
    T-SHIRT SALES
365.00
750.00
-385.00
48.7%
750.00
TOTAL RESALE INCOME  
$ 558.00 3,250.00 -2,692.00 17.2  
RESALE EXPENSE
    KEYS FOR RESALE
54.20
200.00
145.80
27.1%
200.00
    LUMBER FOR RESALE
0.00
2,000.00
2,000.00
-
2,000.00
    T-SHIRTS PURCHASES
0.00
500.00
500.00
-
500.00
TOTAL RESALE EXPENSE
54.20 2,700.00 -2,645.80 2.0%  
 
NET RESALE INCOME / (EXPENSE)
503.80 550.00 1,053.80    
NET OPERATING INCOME / (EXPENSE)
51,658.52 -2,560.00 49,098.52    
2024 ANNUAL SURPLUS / (DEFICIT)
52,162.32 -2,010.00 50,152.32    
 
 
B of A Checking
49,454.61  
B of A Savings
39,873.21  
First Internet Bank - CD1
11,484.99  
First Internet Bank - CD2
8,317.82  
First Internet Bank - CD3
8,272.50  
Budget as of: 2024-02-10

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
2,554.00
2,500.00
54.00
102.2%
2,100.00
    CARRYOVER
0.00
0.00
-
-
0.00
INTEREST INCOME
    INTEREST EARNED
351.22
300.00
51.22
117.1%
50.00
TOTAL INCOME  
$ 66,643.04 56,300.00 10,343.04 118.4  
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
1,406.58
1,600.00
-193.42
87.9%
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
1,175.57
1,200.00
-24.43
98.0%
1,200.00
    ORCHARD
249.41
400.00
-150.59
62.4%
200.00
    PEST MANAGEMENT
798.93
1,050.00
-251.07
76.1%
1,050.00
    PLUMBING
999.82
2,000.00
-1,000.18
50.0%
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
228.32
300.00
-71.68
76.1%
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
1,056.61
900.00
156.61
117.4%
900.00
    D W P - WATER
24,930.07
35,000.00
-10,069.93
71.2%
32,500.00
    TELEPHONE
1,300.41
1,200.00
100.41
108.4%
1,200.00
TOTAL EXPENSE  
$ 61,852.53 57,900.00 3,952.53 106.8  
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
391.29
200.00
-191.29
195.6%
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
2,585.42 2,700.00 -114.58 95.8%  
 
NET RESALE INCOME / (EXPENSE)
-615.42 550.00 -65.42    
NET OPERATING INCOME / (EXPENSE)
4,790.51 -1,600.00 3,190.51    
2023 ANNUAL SURPLUS / (DEFICIT)
4,175.09 -1,050.00 3,125.09    
 
 
B of A Checking
49,454.61  
B of A Savings
39,873.21  
First Internet Bank - CD1
11,484.99  
First Internet Bank - CD2
8,317.82  
First Internet Bank - CD3
8,272.50  
Budget as of: 2023-12-31