Website and course development - - Property and equipment 34,279 28,698

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1 BALANCE SHEET as at December 31, 2016 Assets Current Cash $ 1,189,026 $ 567,401 Shortterm investments 316, ,300 1 Receivables 171, ,683 Inventory 4,759 4,759 Prepaid Expenses 47,966 8,397 1,729,755 1,067,540 Website and course development Property and equipment 34,279 28,698 34,279 28,698 $ 1,764,033 $ 1,096,237 Liabilities Current Payables and accruals $ 82,539 $ 58,808 Deferred 671, , , ,714 Capital Lease Obligation 11,408 11, , ,122 Members Equity Invested in property and equipment 34,279 28,698 Restricted Funds 440, ,245 4 Unrestricted Funds 523, , , ,115 $ 1,764,033 $ 1,096,237 1 Redeemable GIC's 316,326 2 Increase in deferred revenue due to Continuing Education 279,840 3 Photocopier capital lease, expires April ,408 4 Restricted Funds i) Economic Downturn Contingency 378, ,749 ii) Hawthorne House proceeds ,540 25,496 iii) Office Rent Allowance 33, , ,245 5 Unrestricted Funds i) Members Equity 293, ,236 ii) Property & Equipment (34,279) (28,698) iii) YTD Surplus 265, , , ,427 Page 1

2 Statement of and Actual Budget YTD Jul Dec Jul Dec Budget Budget Projected variance Yearend s Member dues 305, ,500 27, , ,000 Newsletter and website 6,921 3,250 3,671 6,500 6,500 Contract Sales 9,620 9,620 Referrals and commissions, and other 1,894 2,000 (106) 4,000 4,000 Gross s 323, ,750 40, , ,500 Amortization 2,829 3,000 (171) 6,000 6,000 Association memberships 7,133 3,838 3,296 7,675 7,675 Association, members awards 500 (500) 1,000 1,000 Bad debts 510 (510) 1,020 1,020 Bank and interest charges 3,122 1,785 1,337 3,570 3,570 Office Rent Allowance 33,600 33,600 67,200 67,200 1 Equipment rental 6,735 4,885 1,851 9,769 9,769 Government Relations 21,730 25,400 (3,670) 50,800 50,800 2 Insurance 2,313 2,313 4,626 4,626 Marketing and promotion (440) 5,100 (5,540) 10,200 10,200 Meetings (brd, cmte, incidentals, exec, nat) 20,082 30,030 (9,948) 60,060 60,060 Member services and outreach 15,669 9,894 5,775 19,788 19,788 Membership database 115 6,000 (5,885) 12,000 12,000 Miscellaneous and office 990 1,840 (850) 3,680 3,680 New Initiatives and programs 1,198 5,000 (3,802) 10,000 10,000 Postage and delivery 2, ,750 1,500 1,500 Professional development 80 3,650 (3,570) 7,300 7,300 Professional fees 18,042 26,445 (8,403) 52,890 52,890 Recruitment fees 2,779 1,750 1,029 3,500 3,500 Salaries and benefits 194, ,107 (10,699) 410, ,213 3 Sponsorships reciprocal Stationery, printing and supplies 4,962 1,500 3,462 3,000 3,000 Technical services repair and maintenance 250 (250) Telephone and fax 3,570 1,500 2,070 3,000 3,000 Website & IT 1,131 3,750 (2,619) 7,500 7,500 4 Total 350, ,396 (28,380) 756, ,791 Operating Income (Loss) (26,496) (95,646) 69,150 (191,291) (191,291) Other Business Operations (net) Schedule 1 Events 7,137 24,640 (17,503) 49,280 49,280 Schedule 2 Continuing Education 198, ,871 77, , ,742 Schedule 3 Environmental Programs 85,395 27,200 58,195 54,400 54, , , , , ,422 Excess of revenue over expenditures 265,011 78, , , ,131 1 Monthly allowance for office rent, noncash expense 2 Strategic investment, Forum for Growth, Government Consultant, UBCM, Minister meetings 3 Total salaries includes all staff and all staff for other business operations plus addition of Part time 4 Possible upgrade of websites and database Page 2

3 Schedule 1 Events Actual Jul Dec Budget Projected Yearend Builders' Super Week 40,000 40,000 Buildex ,000 21,000 BC Homes Online 871 Georgie Awards 305, ,050 President's Night & Assoc Awards HPO Project Funding Webinar/Seminar 1,000 1,000 Other events 53,918 1,500 1,500 Total 54, , ,550 Builders' Super Week 30,000 30,000 Buildex ,000 21,000 Credit card commission charges 20,111 14,000 14,000 Georgie Awards 242, ,520 Miscellaneous 2,503 5,000 5,000 President's Night & Assoc Awards 6,250 6,250 Admin cost recovery HPO Project Funding 1,328 Webinar/Seminar Other events 23,709 Total 47, , ,270 Excess (deficiency) of revenue over exp. 7,137 49,280 49,280 Page 3

4 Schedule 2 Continuing Education Actual Budget YTD Jul Dec Jul Dec Budget Budget Projected Variance Yearend Courses and Seminars 328, ,667 64, , ,333 Registration Renewals 10,640 4,000 6,640 8,000 8,000 Other Income, funding, BC Housing 1,800 12,000 (10,200) 24,000 24,000 3 Other Income misc Total revenue 340, ,667 60, , ,333 LMS 11,325 4,400 6,925 8,800 8,800 Course Development 2,553 12,000 (9,447) 24,000 24,000 Courses and Seminar costs 101, ,467 (3,486) 210, ,933 Local Sharing 20,850 26,367 (5,517) 52,733 52,733 Marketing 3,750 (3,750) 7,500 7,500 Office and Administration 945 5,813 (4,867) 11,625 11,625 Travel 3,901 3,901 Total expenditures 141, ,796 (16,241) 315, ,591 Excess of revenue over expenses 198, ,871 77, , ,742 1 Salaries and benefits expenses included on Statement of s and page 2 3 Grant funding from BC Housing for BC Building Code Course Page 4

5 Schedule 3 Environmental Programs Actual Budget YTD Jul Dec Jul Dec Budget Budget Projected Variance Yearend Certified Energy Advisor TrainingStg 1 45,422 7,500 37,922 15,000 15,000 Certified Energy Adviser Training Stg 2 7,182 11,250 (4,068) 22,500 22,500 EnerGuide Home Enrolments 41,000 32,500 8,500 65,000 65,000 Energy Star Home Enrolment 11,900 3,750 8,150 7,500 7,500 Net Zero 4,000 (4,000) 8,000 8,000 R2000 Home Enrolments 375 (375) Webinars 3,000 (3,000) 6,000 6,000 Special Proj Energy Star Mrkting BC Hydro 2,500 (2,500) 5,000 5,000 Special project funding ICE Partners 10,000 (10,000) 20,000 20,000 Other Contributions Total revenues 105,804 74,875 30, , ,750 Administration * 125 (125) Builder Updates webinars 750 (750) 1,500 1,500 Certified Energy Advisor Training 1,440 7,650 (6,210) 15,300 15,300 Certified Energy Course Update * 2,500 (2,500) 5,000 5,000 Certified Energy Advisor Course Costs 2,000 (2,000) 4,000 4,000 Net Zero Training Exp 1,500 (1,500) 3,000 3,000 EnerGuide Home Enrolments 5,004 3,475 1,529 6,950 6,950 Energy Star Home Enrolment (431) 1,510 1,510 Office and administration 1,163 1,670 (508) 3,340 3,340 Tech Support & Quality Assurance 5,533 12,500 (6,967) 25,000 25,000 Special Proj Energy Star Mrkting BC Hydro 5,000 (5,000) 10,000 10,000 Special Project ICE 9,000 (9,000) 18,000 18,000 Travel (387) 1,500 1,500 Total expenditures 20,409 47,675 (27,266) 95,350 95,350 Excess of revenue over expenses 85,395 27,200 58,195 54,400 54,400 1 Salaries and benefits expenses included on Statement of s and page 2 Page 5