Financial Report On The Corporation Essay

Financial Report On The Corporation Essay

Length: 782 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

4) Financial Report
a. It was Motioned/Seconded/Approved to approve the September, October and November 2015 financial statements. It is noted that Quintet Phase 2 owners will reimburse 60% of the operating costs of the amenity facilities starting from inception of the strata corporation .The receivables will be included in the balance sheet.
b. The Treasurer found some entry errors that expense charged to the Tower Section should be paid by the strata corporation. The entry error will be reconciled in the March financial report.
c. Rebate on light upgrade in the amount of $2900 has been paid by BC Hydro
d. The Tower Section has reimbursed the Corporation its share of the janitorial and care taker expenses up to December 2015.Those expenses were directly through payroll to the employees by the Corporation even though part of the expenses are attributable to the Tower Section.
e. The Treasurer did an phone line audit and recommended that :
(i) Cancel the landline in the care taker office
(ii) Change all account names from Canada Sunrise to Quintet
(iii) Reconcile the phone line on file (12) with the current number of lines being paid (13).
f. Insurance premium was paid in full.
g. Receivable Report– The receivable report was not available as it is only the 2nd day of the month.

5) Report from Property Manager
a. Issue of Quintet 2 affecting Quintet 1: There is none.
b. Painting Quotes for the Parade and Stairwell: The contractor which specializes in parkade line painting refuse to quote on the job. The property manager will solicit quote from another contractor.
c. Sanitizing dispensers have been installed at both garbage rooms.
d. Roof Anchor Inspection – Atlas Roofing provided the inspection report and certified that the roof...

... middle of paper ...

...ebruary 24th was foiled but the video was captured. The burglars tried to cut open the wire mesh of the garage gate with a bolt cutter. Their actions were aborted when they saw a resident’s vehicle approaching. Council will post notices to alert residents and will install a “Surveillance Camera Warning” sign at the entrance of the parkade.
e. Card readers for entrance doors in Tower a parkade level – Council agreed to install card readers at the entrance doors so that a fob is need to access the parkade. The property manager will count the doors and get a price from Smart-tek.
f. Novus Cable and Internet – Novus has sent a letter to the strata council advising that their service is now available in Richmond. It is agreed that consideration on this subject matter will be tabled until after the next annual general meeting and be dealt with by the next incoming council.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Comparison of Wendy's International, Inc. and Starbucks Corporation Based on Finances

- Comparison of Wendy's International, Inc. and Starbucks Corporation Based on Finances Wendy's International, Inc., incorporated in 1969, is primarily engaged in the business of operating, developing and franchising a system of quick-service and fast-casual restaurants. As of December 28, 2003, there were 6,481 Wendy's restaurants (Wendy's) in operation in the United States and in 21 other countries and territories. Of these restaurants, 1,465 were operated by the Company and 5,016 by its franchisees....   [tags: Financial Analysis Report Businesses Essays]

Better Essays
3667 words (10.5 pages)

Essay about Financial Analysis on IBM Corporation

- Part I: The Purpose of the Report and the Research Experience This purpose of this paper was to evaluate the financial statements of IBM Corporation during the past five years to assess the future profitability of the company. Unfortunately, this report only reflects up to four years, as appose to a five year analysis. I used Plaza College Library along with Queens Library to do my research. This helps me with the data base I needed to access and wasn’t able to at home. My professor helped me with my research; he helped me understand the things I didn’t understand....   [tags: future profitability, ethics]

Better Essays
1452 words (4.1 pages)

Financial Planning For Corporations : Annual Report Essay

- Introduction An important part of financial planning for corporations is the annual report. Publically held companies are required to submit an annual report to the SEC and private companies, even though not required, can use an annual report to gauge the performance of the company for the past year and use the report to plan for the future. The financial statements that make up an annual report are the income statement, the balance sheet, and the statement of cash flows. (Melicher, 2014) Once all of the financial information has been compiled and the three statements that make up the annual report have been completed a corporation can then start to analyze the data....   [tags: Balance sheet]

Better Essays
821 words (2.3 pages)

Financial Analysis of Starbucks Corporation Essay

- Starbucks Corporation was formed in 1985. Starbucks Corporation start with purchase and roast the high-quality bean and sell them. Now Starbuck not only provide coffee but also tea and other beverages. The company brand product will be under name of Starbucks, Tazo, Teavana, Starbucks VIA, Starbucks Refreshers, Seattle’s Best Coffee, La Boulange, and Verismo brand . Starbucks Corporation sector now is in restaurant or specialty eateries. On 2013, Starbucks store reach into approximately 10,194 stores and approximately 9,573 licensed stores....   [tags: Starbucks Financial Analysis]

Better Essays
1083 words (3.1 pages)

Sears Holdings Corporation Is An American Holding Headquartered Essay

- Sears Holdings Corporation is an American holding headquartered in Hoffman Estates, IL. is the parental company of retail brands, Sears and Kmart. It was formed after the merging of Kmart Holdings Corporation and Sears, Roebuck and Co. Besides the Sears and Kmart, the Sears Holdings also own the brands Craftman, Kenmore and DieHard. It has 3,472 retail locations under the operating of Sears, Kmart, and other subsidiaries. The businesses of Sears Holdings cover retail, home services, auto centers, pharmacies etc....   [tags: Sears Holdings Corporation, Kmart]

Better Essays
723 words (2.1 pages)

Financial Statement For A Management Group Essay

- Financial statement are one of the most important things for a management group. The three most important financial statements are the balance sheet, the income statement and the statement cash flows. It is important that a manager and other groups interested in a business firm’s financial records are able to understand and trust that the numbers are accurate (Pride, Hughes and Kapoor, 2015). To decrease the amount of error or fraud companies go through an audit. An audit is normally conducted by a third party an accountant employed by an outside company....   [tags: Balance sheet, Financial statements]

Better Essays
1079 words (3.1 pages)

Implementation Of Interim Financial Statements Essay

- II. CORPORATION Structuring your company as a corporation provides additional benefits when compared to a partnership however it also creates more challenges. A corporation can be a more complex entity that requires specific documentation such as articles of incorporation and minutes of board of directors and stockholder meetings. Another challenge are the reporting requirements of a publicly held corporation. Two of these requirements are interim reporting and segment reporting. B. INTERIM REPORTING....   [tags: Income statement, Financial statements]

Better Essays
2039 words (5.8 pages)

Essay on Financial Management and Analysis

- Financial Management and Analysis Table of Contents Introduction 3 Presentation of the companies 3 Ratio analysis of the companies 5 Profitability ratios 5 Liquidity ratios 7 Efficiency ratios 9 Gearing ratios 11 Investment ratios 12 Ratio analysis strengths and weaknesses 14   Introduction Financial analysis involves the use of various financial statements, which perform several functions. Basics of financial analysis consist of a balance sheet and income statement. Income statement shows revenues and expenditures of enterprises over a certain period of time, usually for one year or semester....   [tags: financial statements, SWOT, equity]

Better Essays
2196 words (6.3 pages)

Essay on Financial Analysis of Priceline

- Part I: The Purpose of the Report and the Research Experience The main purpose of this report was to evaluate and research the financial information about Priceline during the past five years to evaluate the future developing of the company. In order to perform my research, I used Priceline’s 10 K report to get the financial information that was needed for this research. In addition, I used the company’s website where I found basic information about Priceline history and also other businesses that Priceline’s group owns....   [tags: Business Analysis, Financial Analysis]

Better Essays
2205 words (6.3 pages)

Financial Analysis of Cyberguard Corporation Essays

- Table of Contents: Pages Section 1.............................................................................01 Section 2...........................................................................03 Bibliography......................................................................18 Form 10-k............................................................................19 Articles..............................................................................97 ... ... ... ......   [tags: Business Case Studies]

Better Essays
4322 words (12.3 pages)