Differences

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--- board_handbook:budget [2025/05/21 04:04] – [Line Items] Add detail to more lines awhetter
+++ board_handbook:budget [2025/05/22 01:29] (current) – Move note about vanacy losses to appropriate line item awhetter
@@ Line 47: / Line 47: @@
   * Next year: The budget for next year. We can compare this with the "this year" column to identify changes in charges.
-Note that losses due to vacancies (a unit being empty for a month and therefore there being no rent charge for that unit that month) are tracked as losses in the budgets to make them more visible. We aim to have less than $15,000 of vacancy losses in a year.
 ==== Line Items ====
@@ Line 100: / Line 99: @@
   * 4000 Housing Charges
-  * 4050 Vacancy Loss
+  * 4050 Vacancy Loss: Losses due to vacancies (a unit being empty for a month and therefore there being no rent charge for that unit that month) are tracked as losses in the budgets to make them more visible. We aim to have less than $15,000 of vacancy losses in a year.
   * 4400 Parking Income
   * 4450 Storage/Locker Income
@@ Line 109: / Line 108: @@
   * Operating Expenses:
     * 5700 Insurance
-    * 5900 GST Expense
+    * 5900 GST Expense: CLT takes care of the Co-op’s GST expenses. Therefore we should expect to see no GST budget for the Co-op in COHO's budget. We might see expenses for the current year, but we expect CLT to be taking care of those (FIXME How?).
-  * Repairs and Maintenance Expenses:
+  * Repairs and Maintenance Expenses: CLT takes care of the Co-op's repair and maintenance. Therefore we should expect to see no repair and maintenance expense or budget for the Co-op in COHO's budget.
     * 6000-1-0 Repairs/Maintenance - Units - General
     * 6000-3-0 Repairs/Maintenance - Common Areas - General