Please see the attached financial statement on our performance for the period 1st November 2023 to 31st January 2024.
In Summary, we started the quarter with a balance of $408,140.08 and through Maintenance Dues etc, we collected $271,950. We spent a total of $206.262.02 leaving an account balance at the end of the quarter (January 31), of $473,828.06
Please see details below of our main activities for the period.
Maintenance Dues – $248,600.00
Since January 2, residents were asked to contribute $1,500 monthly towards Maintenance Dues. This resulted in a rise in our cash flow as we have 27 (43%) of the 63 contributors complying.
Wall Project – $20,600.00
Contributions to the Wall Project ceased after the December contribution. This was so because based on the estimate, enough money was collected to complete the Sydenham leg of the project.
Beautification – $132,000.00
This involves the maintenance of some of our green spaces within the community.
Because of our limited funds, we are restricted to focus ONLY on the entrance and just 50% of the park. Cutting these 2 areas alone cost approximately $80,000 monthly.
Park Restoration Project – $11,254.99
The White Water Community wishes to thank the Kiwanis Club of Kingston for sponsoring this project. Thankfully, limited financial input was required from the community, but we benefited from the assistance of a few residents who made themselves available to assist with the planting of flowers and painting etc. To them we say a big “Thank You”
Website Maintenance – $34,800.00
The cost to maintain our website is $2,000 monthly with an annual cost of $28,000 for our email addresses. Updates are posted regularly to our website so please click the link below to see these updates.
We are appealing to all our residents to make their monthly Dues Contributions, as that is the only way we will be able to care for our community.
TEAM – Together Each Achieve More
The Treasurer