Thetis Island Improvement District

Annual General MeetingApril 25th, 201510 AM

Today’s Agenda

Opening Remarks and Introductions Approval of the 2014 AGM Minutes Trustee Remuneration Financial/Audit Report Fire Department Report Committee Reports Election of Four (4) Trustees Other Business Adjourn

Audit Result

These consolidated financial statements present fairly, in all material respects, the financial position of the Thetis Island Improvement District as at December 31, 2014

And the results of its operations and cash flows for the year then ended

In accordance with Canadian accounting principles generally accepted for British Columbia municipalities

As required by the Municipal Act of British Columbia, we report that, in our opinion, these principles have been applied on a consistent basis.

Financials

2013 2014 2015

Budget 140,225 146,460 149,500

Change 6,235 3,040

% 4% 2%

Taxes 125,225 129,460 129,500

Change 4,235 40

% 3% 0%

2014 Variance

Budget Actual Difference

M and O 58,100 46,698 11,402

TIID 64,360 61,616 2,744

Minor Cap 2,000 3,014 -1,014

Cap Proj 18,600 16,123 2,477

Cap Repl 15,000 20,000 -5,000

H and W 2,000 2,000 -

Total 160,060 149,451 10,609

TIID Cost Drivers

Payroll Chief, D. Chief $ 16,277 General Insurance 8,356 Honorarium FF 6,688 Honorarium Captains 6,060 Audit & Legal 5,519 Salaried Admin 4,000 Vehicle Insurance 3,360 Appreciation Dinner 2,331 Insurance, FF 1,713 Bank Charges 350

M&O Cost Drivers

Training $ 8,862 Property Maintenance 7,094 Vehicle Maintenance 6,312 Fire Fighting Supplies 6,116 Telephone 4,065 Fuel 3,913 Hydro 3,223 Office & Misc 2,358 Contract Services 1,580 Canteen & Social 1,209

2015 Budget

Budget Revenue

TIID $ 64,250 Taxes $ 129,500

M&O 56,250 2014 Cap 19,632

Min Cap 2,000 GST Reb 3,500

Cap Proj 23,650 Donations 3,000

Cap Cont 25,000 Prev Surplus 17,518

H&W 2,000

Total $ 173,150 $ 173,150

Committee Reports

Safety Committee: Tom Anderson

TIPC: Andy Lamb

Election of Trustees

4 trustees 1 for a 2 year term (Replaces P.Pardee) 3 for a 3 year term

Issues:

Service Capacity Policy Playbook: Level of Firefighting Coverage False Alarms Burn Permits Recruitment and Retention Improvement Districts in BC Dial 911- Do Not Hesitate