The community general meeting was held on May 15. The business of the community association was reviewed and approved, and elections were held for director positions.
President’s Report
• For most of the 2024/25 reporting timeframe the Board operated with nine directors supported by a stable staff complement. This model worked well. Meetings were held every month with the exceptions of December and July. In-person attendance was supplemented by Zoom attendance or speaker-phone participation.
• In 2023/24 we had created a two-year business plan to guide our activities and annually, we approved an operating and capital budget. We strived to establish a reasonable, but conservative, budget and I am pleased to report, we have come back into the realm of a surplus – a nice change from those COVID years!
• We have completed the renovation project thanks to the hard work of both the Building Admin. Committee and the stewardship of ECA staff. We have just reviewed the maintenance work on our 2025 “to do” list and will be updating tasks identified in our Lifecycle Report. One outstanding issue is the skylight replacement and after being given the go-ahead by the City, we will be negotiating with the Calgary Board of Education to get this going. The timeline is two to three years so this will not be a quick job.
Treasurer’s Report
• Our Audited Financial Statements for 2024 reported that the Association is not exposed to any significant market or credit risks.
• Our Current Assets have increased primarily because of property upgrades made last year and excess income earned; same for the increase in Net Assets.
• The 2023 audit was corrected to recognize that there were no funds in general that belonged in the restricted account.
• Overall, we are in good standing with net assets of $2,095,000 and a surplus for the year of $74,000.
• The community casino held in October raised over $84,000.
Special Resolution
• Special Resolution: Moved by Pamela Wilson that Rick Wierzbicki be granted a two-year extension to his term of office. Those two years will begin at the adjournment of the Annual General Meeting 2025 until the adjournment of the Annual General Meeting 2027. Seconded by Barb Elms. Approved.
Election, the ECA can have up to 15 directors, we now have 11.
Directors returning for second year of two-year term:
1. Pam Wilson
2. Joanne Nowak (on leave until after municipal election)
3. Umar Kukkadi
4. Kieran Fitness
Thank you to Directors who have retired:
1. Kathleen Stewart
2. Aurora Wen
3. Tina Chen
4. Shaffic Fazal
Members elected for first year of two-year term:
1. Rick Wierzbicki
2. Barb Elms
3. Jeff Coombes
4. Deidre Harris
5. Charmaine Grills
6. Margaret Anne McCaughey
7. Sing (Jymi) Chun
A link can be found on our website to the AGM presentation and supporting documents: https://www.edgemont.ab.ca/annual-general-meeting/.
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