Treasurers Report Annual General Meeting December 8 2020
Treasurer’s Report Annual General Meeting December 8, 2020
Provide an overview of the Financial Statements of the corporation for 2019 This Report will…… Seek approval of the Statements Nominate an Accountant.
And Assure You That This is Not Happening……….
General Comments • Statements I am summarizing have been posted on our website so all details are fully available. I am summarizing the key results. • Statements prepared based on the work of our bookkeeper, Madeleine Friederichshen, and reviewed and completed by our Accountant, the late Frank Lanigan. • Prepared on an accrual basis following approved accounting standards (IFRS). • Statements are for 2019 and do not reflect the impact of COVID or projects undertaken in 2020.
General Comments • 2019 was a very stable year financially with steady income and expenses well managed. • Donations continue to support the work of the Centre and are vital for improvements that arise frequently.
Revenues Performance Highlights: Operations Expenses 2018 $284, 252 $272, 301 2019 $289, 177 $268, 889 Highlights • Donations of $26, 515, increase over 2018 • Depreciation accounted for in Expenses
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Revenues in Detail [CATEGORY NAME] [CATEGORY [PERCENTAGE] NAME] [PERCENTAGE [CATEG ] ORY NAME] [PERCE NTAGE] [CATEGORY NAME] [PERCENTA GE] Medical Clinic Rent Donations Tax Rebates Other
![Expenses in Detail [CATEGO RY NAME] [PERCEN TAGE] Clinic Operations [PERCENTA GE] [CATEGO RY](http://slidetodoc.com/presentation_image_h/0cf79c24f465c8b361eb83139e1db597/image-8.jpg "Expenses in Detail [CATEGO RY NAME] [PERCEN TAGE] Clinic Operations [PERCENTA GE] [CATEGO RY")
Expenses in Detail [CATEGO RY NAME] [PERCEN TAGE] Clinic Operations [PERCENTA GE] [CATEGO RY NAME] [PERCEN TAGE]
Performance Highlights: Balance Sheet Current Assets Fixed Assets Liabilities 2018 $242, 029 2018 $777, 374 2018 $269, 826 2019 $258, 516 2019 $769, 648 2019 $259, 824 Highlights • One liability is the Township Loan along with minor accounts payable • Assets reflect a strong cash position with contingencies built into both operating (3 months) and capital
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[CATEGORY NAME] [PERCENTAGE] Assets in Detail [CATEGORY NAME] [PERCENTAG E] [CATEGORY NAME] [PERCENTAGE]
Motions • # 1: That the Financial Statements of the Centre for the Year Ended December 31, 2019 as posted on the Website be Approved. • #2: That the appointment of Mary-Lou Lossee, CPA, CGA, BBA as the Centre’s Accountant be Approved.
- Slides: 11
