City of Grande Prairie: Helen Rice

County of Grande Prairie: Corey Beck

Saddle Hills County: John Moen

MD of Greenview: Roxie Rutt

County of Birch Hills: Cheryl Bogdanek

MD of Spirit River: Elaine Garrow

Town of Spirit River: Denise Skoworodko

Town of Beaverlodge: Roger Loberg

Town of Sexsmith: Claude Lagace

Town of Wembley: Colleen Holler

Village of Rycroft : Pat Sydoruk

Village of Hythe: Gordon Nicholson

2016 Board of Directors

The detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration OfficeThe detailed Audited Financial Statement is available through the Grande Spirit Foundation Administration Office

9505950595059505----102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 102 Ave, Grande Prairie, AB T8V 7G9 ●●●● Ph: 780Ph: 780Ph: 780Ph: 780----532532532532----2905 Fax: 7802905 Fax: 7802905 Fax: 7802905 Fax: 780----539539539539----3155 3155 3155 3155 ●●●● www.grandespirit.orgwww.grandespirit.orgwww.grandespirit.orgwww.grandespirit.org

2016 Financial Synopsis—ProvincialProvincialProvincialProvincial OperationsOperationsOperationsOperations Housing Balance SheetHousing Balance SheetHousing Balance SheetHousing Balance Sheet

Assets Assets Assets Assets

Cash $700,025

Accounts Receivable $74,116

Prepaid Expenses $292,507

Security Deposit Trust Account $23,529

LiabilitiesLiabilitiesLiabilitiesLiabilities

Accounts Payable $318,388

Accrued Vacation Liability $83,633

Unexpended Donations $44,114

Tenants Security Deposit $23,164

Restricted Operating Reserve $70,600

Due to ASHC $36,739

Housing Income StatementHousing Income StatementHousing Income StatementHousing Income Statement

Resident Revenue $2,055,278

Utilities Recovered $281,884

Sundry Income $106,735

Operating Grant (from Province) $500,002

Total Revenue Total Revenue Total Revenue Total Revenue $2,943,899$2,943,899$2,943,899$2,943,899

Taxes $4,180

Utilities $695,814

Operating Expenses $79,473

Maintenance /Improvements $954,994

Staffing $998,522

Administration $388,418

Total Expenses Total Expenses Total Expenses Total Expenses $3,121,401$3,121,401$3,121,401$3,121,401

Capital Asset/Amortization ExpCapital Asset/Amortization ExpCapital Asset/Amortization ExpCapital Asset/Amortization Exp $30,769$30,769$30,769$30,769

Due to ASHC (Province of AB)Due to ASHC (Province of AB)Due to ASHC (Province of AB)Due to ASHC (Province of AB) $36,739$36,739$36,739$36,739

2016 Financial Synopsis— LodgeLodgeLodgeLodge OperationsOperationsOperationsOperations Lodge Balance SheetLodge Balance SheetLodge Balance SheetLodge Balance Sheet

Assets Assets Assets Assets

Cash $970,584

Accounts Receivable $2,412,822

Prepaid Expenses $2,659

Capital Equity $40,064,814****

LiabilitiesLiabilitiesLiabilitiesLiabilities

Accounts Payable $4,791,052****

Accrued Vacation Liability $218,812

Unexpended Donations $81,532

Long Term Debt (Lodge) $11,348,632****

Long Term Debt (Other) $401,793

Capital Surplus $8,308,796****

Accumulated Cash Surplus -$1,953,842****

Capital Reserve $117,500

****Due to Capital Projects

Lodge Income StatementLodge Income StatementLodge Income StatementLodge Income Statement

Resident Revenue $4,311,759

Municipal Requisitions $965,417

Lodge Assistance Grant $1,217,725

Other Revenue & Grants $1,455,526

Total Revenue Total Revenue Total Revenue Total Revenue $7,950,427$7,950,427$7,950,427$7,950,427

Taxes $0

Utilities $550,762

Food/Housekeeping Supplies $845,970

Resident Services $48,116

Maintenance /Improvements $1,726,641

Staffing $3,860,930

Administration $412,314

Long Term Debt Interest $35,269

Total Expenses Total Expenses Total Expenses Total Expenses $7,480,002$7,480,002$7,480,002$7,480,002

Excess (Shortfall)Excess (Shortfall)Excess (Shortfall)Excess (Shortfall) $470,425$470,425$470,425$470,425

The Government of Alberta also funded $3.196 million in Rent Supplements helping 423 households!

“We serve seniors, families, and individuals by providing quality, affordable housing”

“Lakeview” - Seniors Lodge & Apartments in Clairmont

Portfolio ( At December 31, 2016)At December 31, 2016)At December 31, 2016)At December 31, 2016)

Program NameProgram NameProgram NameProgram Name Total Total Total Total TotalTotalTotalTotal AverageAverageAverageAverage AverageAverageAverageAverage OperatingOperatingOperatingOperating

UnitsUnitsUnitsUnits ResidentsResidentsResidentsResidents AgeAgeAgeAge Rent PaidRent PaidRent PaidRent Paid CostCostCostCost

(per unit/month)(per unit/month)(per unit/month)(per unit/month) (per unit/month)(per unit/month)(per unit/month)(per unit/month)

Seniors LodgeSeniors LodgeSeniors LodgeSeniors Lodge

Grande Prairie 235 251 86 years $1266 $1733

Spirit River 42 42 86 years $1208 $2334

Provincial ProgramsProvincial ProgramsProvincial ProgramsProvincial Programs

Seniors Apartment Seniors Apartment Seniors Apartment Seniors Apartment

Grande Prairie 122 123 79 years $530 $557

Rural 156 156 80 years $504 $747

Family Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct Rental

Grande Prairie 40 101 (Adult) 42 years $399 $1110

Rural 23 60 (Adult) 35 years $521 $1155

Family Housing Rent SupplementFamily Housing Rent SupplementFamily Housing Rent SupplementFamily Housing Rent Supplement MonthlyMonthlyMonthlyMonthly Average Subsidy PaidAverage Subsidy PaidAverage Subsidy PaidAverage Subsidy Paid

Private Landlord Program 308 521 (Adult) 48 years $617

Direct to Tenant Program 203 522 (Adult) 42 years $471

Contract ManagementContract ManagementContract ManagementContract Management

Accessible HousingAccessible HousingAccessible HousingAccessible Housing 17 25 (Adult) 48 years $409

Affordable HousingAffordable HousingAffordable HousingAffordable Housing Affordable RentsAffordable RentsAffordable RentsAffordable Rents

Margaret Edgson Manor 70 122 (Adult) 46 years $725

Hearthstone Manor 40 58 (Adult) 43 years $500—$850

Turnover 2016201620162016

MoveMoveMoveMove----outsoutsoutsouts MoveMoveMoveMove----insinsinsins

LodgeLodgeLodgeLodge 70 67

Senior ApartmentSenior ApartmentSenior ApartmentSenior Apartment 52 51

Family Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct RentalFamily Housing Direct Rental 17 20

Affordable HousingAffordable HousingAffordable HousingAffordable Housing 39 34

Accessible HousingAccessible HousingAccessible HousingAccessible Housing 1 2

Waitlist (At December 31, 2016)(At December 31, 2016)(At December 31, 2016)(At December 31, 2016)

Seniors Lodge 131 Households

Seniors Apartment 100 Households

Senior Enhanced Apartment 61 Households

Family & Special Purpose Housing 477 Households

HIGHLIGHTS

� Richard Harpe stepped down as Board Chair after 25+ years of service on the Board

� Work began on the $2.2M Capital Fire Suppression System Upgrade in the Seniors

Lodges

� Maintenance upgrades on provincial housing units of over $950,000 as well as a

Capital Sprinkler Upgrade at Dieppe Manor

� Negotiated a 3-year Contract with CUPE Local 3623

� Provided sponsorship for the Greymatters Conference in September

� “Lakeview” Construction Project in Clairmont is in full swing with a focus on

completing all aspects of opening in Spring 2017!

Dieppe Manor

l-r: Fay Giesbrecht, Michelle Stokke (Manager),

Pat Mulcahy, Gwen Rubie

Staff Profile

Total Staff 119

Administrative Services 14

Food Services 18

Resident Services 52

Relief Staff 21

Maintenance Services 14

Annual Payroll $5,598,461

Heritage Lodge Residents

Staff enjoying Hallowe’en at Pleasantview Lodge!

l-r: Evelyn Bzowy (Manager), Lynn Bouchard, Ingrid Pickl,

Elsie Jorgensen, Diane Boivin, Cindy Hachey