The Society of Management Accountants of Manitoba
|
|
- Malcolm Woods
- 5 years ago
- Views:
Transcription
1 Consolidated Financial Statements For the Year Ended March 31, 2015 Contents Auditor's Report 2 Financial Statements Consolidated Statement of Financial Position 3 Consolidated Statement of Changes in Net Assets 4 Consolidated Statement of Operations 5 Consolidated Statement of Cash Flows 6 Notes to Consolidated Financial Statements 7-12
2 Del Halliday Certified Management Accountant Inc. Del Halliday, CMA Tom Tasker, CA Portage Avenue Telephone (204) Winnipeg MB R3G 0R4 Fax (204) INDEPENDENT AUDITOR S REPORT To the Members of The Society of Management Accountants of Manitoba I have audited the accompanying financial statements of The Society of Management Accountants of Manitoba, which comprise the consolidated statement of financial position as at March 31, 2015 and the consolidated statement of operations, consolidated statement of changes in net assets and consolidated statement of cash flows for the year ended March 31, 2015, and a summary of significant accounting policies and other explanatory information. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with Canadian generally accepted auditing standards. Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Society s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Society s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Opinion In my opinion, the consolidated financial statements present fairly, in all material respects, the financial position of The Society of Management Accountants of Manitoba as at March 31, 2015, and the results of its operations and its cash flows for the year ended March 31, 2015 in accordance with Canadian Accounting Standards for Not-for-Profit Organizations. Winnipeg, Manitoba May 28, 2015 Certified Management Accountant
3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at March 31, 2015 Assets March 31, 2015 March 31, 2014 Current Cash and Cash Equivalents $ 498,587 $ 435,103 Accounts Receivable and Accrued Interest 376, ,701 Prepaid Expenses 18,130 44,568 Investments Maturing within 12 Months - Note 4 100, , ,679 1,055,613 Long-term Investments - Note 4 542, ,580 Capital Assets - Note 5 325, ,744 $ 1,861,585 $ 1,908,937 Liabilities and Members' Equity Current Liabilities Accounts Payable $ 191,892 $ 239,435 Deferred Revenue 293, , , ,975 Deferred lease inducements - Note 2 196, ,249 Net Assets Unrestricted 1,049, ,020 Invested in Capital Assets 129, ,693 1,179,144 1,102,713 $ 1,861,585 $ 1,908,937 Approved by the Board: Julie Guevarra, CMA President Ronald Stoesz, CMA, FCMA Treasurer 3
4 CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS For the Year Ended March 31, 2015 Invested in Capital Assets Unrestricted 2015 Total 2014 Total Balance, beginning of year $ 320,693 $ 782,020 $ 1,102,713 $ 955,294 Excess of revenue over expense 76,431 76, ,419 Amortization (22,658) 22, Investment in capital assets (168,579) 168, Balance, end of year $ 129,456 $ 1,049,688 $ 1,179,144 $ 1,102,713 4
5 CONSOLIDATED STATEMENT OF OPERATIONS For the Year Ended March 31, 2015 Revenue Member Dues $ 1,352,326 $ 1,118,398 Less: National Assessment 505, ,538 Net Member Dues 846, ,860 Pre-certification (Legacy & PREP) 1,225, ,630 Member Education and Events 219, ,711 Public Practice Assessments 105,856 89,968 Investment and Other Income 61,624 88,606 2,459,773 1,367,775 Expense Salaries and Benefits 849, ,489 Pre-certification (Legacy & PREP) 659, ,910 Member education, events, & services 216, ,039 External Communications & Student Recruitment 208, ,742 Office Occupancy & Operations 260, ,467 Regulatory 42,946 34,299 Governance 101,702 68,006 Amortization 44,581 57,404 2,383,342 1,220,356 Excess of revenue over expense $ 76,431 $ 147,419 5
6 CONSOLIDATED STATEMENT OF CASH FLOWS For the Year Ended March 31, 2015 Operating Activities Excess of revenue over expense for the year $ 76,431 $ 147,418 Amortization 44,581 57, , ,822 Decrease in non-cash working capital components (395,553) (457,785) Cash Generated From Operations (274,541) (252,963) Investing Activities Cash from matured (purchase of) investments 169,446 15,848 Purchase of capital assets 168,579 (339,018) Total Cash Generated (Expended) for Investing Activities 338,025 (323,170) Increase (Decrease) in cash 63,484 (576,133) Cash and cash equivalents - beginning of period 435,103 1,011,236 Cash and Cash Equivalents - End of Period $ 498,587 $ 435,103 Cash and Cash Equivalents Cash 498, ,103 $ 498,587 $ 435,103 6
7 Note 1 The Society of Management Accountants of Manitoba NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Nature of Organization The Society is a non-profit, professional organization, incorporated pursuant to the Society of Industrial and Cost Accountants Act which received Royal Assent in the Province of Manitoba April 26, The Society continues under the Certified Management Accountants Act (December 1, 2004). It is a non-share capital corporation with voting privileges restricted to its members as defined in the Society s By-Laws. Mission: CMA drives value creation by developing professionals and resources to lead the advancement and integration of strategy, accounting and management. Note 2 Summary of Significant Accounting Policies The preparation of consolidated financial statements in conformity with Canadian accounting standards for not-for-profit organizations requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as the reported amounts of revenue and expenses during the financial period. Actual results may differ from those estimates. a) Interest in CPA Manitoba Joint Venture: The Society accounts for its interest in the CPA Manitoba Joint Venture using the proportionate consolidation method. The Society's consolidated financial statements include its pro rata share of CPA Manitoba Joint Venture's assets, liabilities, revenues, expenses, and cash flows from operating, investing and financing activities. b) c) Cash & Cash Equivalents: Cash is carried at cost, which approximates market value and is held at the TD Bank. Capital Assets: Capital assets are recorded at cost. Assets having a cost less than $1,000 are expensed in the year of purchase. Amortization is provided for on a straight line basis with no salvage value as follows: Office Furniture and Equipment 5 and10 years Signs Building Improvements 10 years 10 years Leasehold Improvements Over the life of the lease Computer Hardware 3 years Computer Software 1 year d) e) Deferred lease inducements: Lease inducements are amortized on a straight line basis over the life of the lease. Revenue Recognition: Membership fees are reported as earned revenue in the year to which the fees apply. All fees collected prior to year-end are reported in the consolidated financial statements as deferred revenue. Education and Accreditation revenue as well as Member Development and Support program revenue are recognized when the service is provided or the event is held. Investment income consists of interest income received plus accrued interest earned from the anniversary date to the year-end. 7
8 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Note 2 Summary of Significant Accounting Policies (continued) f) Financial Instruments: Financial instruments include cash and cash equivalents, long-term investments, accounts receivable and accrued interest, accounts payable, as well as accrued liabilities. Unless otherwise stated, it is management's opinion that the Society is not exposed to significant interest, currency, or credit risks arising from these financial instruments. The book value of the Society's financial assets and liabilities approximates their fair value. The fair value of long-term investments is disclosed as follows: March 31, 2015 March 31, 2014 Bonds $ 151,071 $ 333,459 GICs 496, ,896 $ 647,723 $ 823,355 The Society manages its exposure to the risks associated with financial instruments through governance policies regarding members' equity positions and long-term investment guidelines. Specifically, the Society invests in long-term funds of fixed income securities that have a rating of AA (mid) or higher from at least two nationally recognized rating agencies. g) Capital Disclosures: The Society's capital consists of its net assets invested in capital assets and unrestricted net assets. These amounts are disclosed in the Consolidated Statement of Changes in Net Assets. The objective is to ensure resources are available to continue to support our members. The Society has established a recommended Members' Equity balance of at least 50% of the current member and student fees collected by the Society. h) Donated Services: The work of the Society is dependant on the voluntary service of many members. Due to the difficulty in determining the fair value of donated services, these are not stated on the consolidated financial statements. 8
9 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Note 3 CPA Manitoba Joint Venture The Society along with the Institute of Chartered Accountants of Manitoba (Institute) and the Certified General Accountants Association of Manitoba (CGA Manitoba) are working towards the creation of a united accounting body in Manitoba aligned with the Chartered Professional Accountants of Canada which was established on January 1, Formation of the new accounting body, Chartered Professional Accountants of Manitoba (CPA Manitoba) is to be established by legislation. On April 1, 2014, an updated Joint Venture Agreement was signed by the Society, the Institute and CGA Manitoba to form an unincorporated joint venture, CPA Manitoba Joint Venture. The Society's proportionate share of the CPA Manitoba Joint Venture s assets, liabilities, revenue, expenses, excess revenue and cash flows from operating, investing and financing activities is determined as the total number of certified management accountant members of the Society divided by the sum of the total number of chartered accountant members of the Institute, the total number of certified management accountant members of CMA Manitoba and the total number of certified general accountant members of CGA Manitoba as at the effective date. The Society's share as at April 1, 2014 (the effective date) was 25.4%. Prior to April 1, 2014, a two-way joint venture agreement with the Institute had been in place. The Society's share as at July 1, 2013 (the effective date) was 37%. The proportionate allocation is to be recalculated each April 1 until the Joint Venture Agreement ceases. The Joint Venture will cease upon the proclamation of the new legislation forming CPA Manitoba. 9
10 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Note 4 Long-term Investments Province of ON Bond $ - $ 150,132 (Maturity: Sept 8, 2014, Net Yield 3.25%) Pacific and Western Bank GIC - 68,321 (Maturity: Dec 1, 2014, Net Yield 3.3%) Canadian Western Bank GIC - 65,788 (Maturity: Dec 1, 2014, Net Yield 3.2%) Province of MB Bond - 175,000 (Maturity: June 15, 2015, Net Yield 3.15%) HSBC Bank of Canada GIC 100, ,000 (Maturity: February 8, 2016, Net Yield 2.4%) (Market Value: 100,342) National Bank Trust 100, ,000 (Maturity: February 6, 2017, Net Yield 2.75%) (Market Value: 100,399) Manulife Bank 52,580 52,580 (Maturity: February 8, 2018, Net Yield 2.45%) (Market Value: 52,760) National Bank of Canada Trust 51,325 50,000 (Maturity: December 3, 2018, Net Yield 2.65%) (Market Value: 51,765) Canadian Tire Bank GIC 51,325 50,000 (Maturity: December 4, 2018, Net Yield 2.65%) (Market Value: 51,761) Veresen Bond 148,669 - (Maturity: June 13, 2019, Net Yield 2.769%) (Market Value: 151,071) National Bank GIC 88,000 - (Maturity: December 3, 2019, Net Yield 2.57%) (Market Value: 88,731) Scotia Bank GIC 50,480 - (Maturity: December 4, 2019, Net Yield 2.56%) (Market Value: 50,894) 642, ,821 Less investments maturing within 12 months 100, ,241 Total Long-term Investments $ 542,379 $ 527,580 10
11 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Note 5 Capital Assets Cost Accumulated Net Book Cost Accumulated Net Book Amortization Value Amortization Value Office Furniture & Equipment $ 90,778 $ 14,638 $ 76,140 $ 86,285 $ 2,838 $ 83,447 Computer Hardware 43,241 28,368 14,873 38,968 20,376 18,592 Computer Software 56,064 56,064-56,064 56,064 - Leasehold Improvements 247,793 20, , ,608 3, ,705 Building Improvements 5, , Signs 2, , Total $ 445,689 $ 120,162 $ 325,527 $ 408,925 $ 83,181 $ 325,744 Note 6 Commitments Rental Commitment On April 10, 2013, the Society, along with CA Manitoba, signed a new agreement for office space at Suite 1675, One Lombard effective January 1, 2014 for a fifteen-year period expiring December 31, The minimum rent commitment is $116,124 annually for years 1 through 5; $135,478 annually for years 6 through 10, and; $154,832 annually until the expiry of the lease in Educational Institution Grant Commitments The Society has entered into an agreement during fiscal 2009/2010 to provide $250,000 to the University of Winnipeg Foundation. These funds will be applied to the capital cost of construction of the University s new Faculty of Business and Economics, and to the funding of CMA tuition scholarships. The contribution will be made in annual payments of $25,000 for ten (10) years $24,000 per annum towards the 460 Portage Project and $1,000 per annum for student awards. The Society also has an agreement, to provide $25,000 payments annually to the University of Manitoba with the purpose of supporting activities that will directly advance CMA Manitoba student enrollment. Photocopier Commitment The Society entered into a new lease agreement on November 17, 2010 for a colour photocopier. The lease contract calls for 22 quarterly payments of $2, The annual commitment for the duration on the lease term is $9,
12 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2015 Note 7 Certified Management Accountants of Manitoba Foundation Inc. On November 30, 2010, the Certified Management Accountants of Manitoba Foundation Inc. was established with a purpose to support the advancement of post-secondary education within the Province of Manitoba, including, but not limited to, the provision of grants to post-secondary educational institutions within Manitoba and of scholarships, bursaries, and other benefits directly or indirectly to students and candidates at post-secondary institutions. The Foundation is a registered charitable organization under the Income Tax Act of Canada. Note 8 Merger Events Merger of Accounting Bodies The three accounting bodies in Manitoba have been working with the Government of Manitoba in drafting legislation which would amalgamate the Institute, CGA Manitoba and CMA Manitoba into the Chartered Professional Accountants of Manitoba (CPA Manitoba). On December 1, 2014, Bill 9 The Chartered Professional Accountants Act received First Reading in the Manitoba Legislature. The Bill received Second Reading on May 28, The Manitoba Government has indicated its intention to deal with the Bill as expeditiously as possible. It is expected that the Bill will receive passage during the Spring Session and will be proclaimed sometime during the year At that time, CPA Manitoba will be formed. As well the Society of Management Accountants of Manitoba would cease to exist as The Certified Management Accountants Act will be repealed at that time. All of the assets and liabilities of CMA together with all of the assets and liabilities of CGA and the Institute will be merged into the assets of CPA Manitoba once Bill 9 is proclaimed. Merger of Accounting Foundations Similar to the amalgamation of the three accounting bodies, the CA and CMA Foundations and the CGA Scholarship Trust Fund are seeking to merge the two Foundations and the Scholarship Trust Fund into a new body to be known as the CPA Manitoba Foundation. The CMA Foundation and CA Foundation and the CGA Scholarship Trust Fund are controlled by their respective accounting bodies. Regional Education The CPA Manitoba Joint Venture is in the process of developing an Education Agreement to replace the existing Education Agreement between the CA provincial accounting bodies in British Columbia, Alberta, Saskatchewan and Manitoba and the CA School of Business. The new Education Agreement will be between the new CPA provincial accounting bodies and the regional school regarding the effective delivery of professional accounting education for those aspiring to become Chartered Professional Accountants. The CA School of Business is seeking to change its name to the CPA Western School of Business. Delivery of the CMA Strategic Leadership Program has now been completed with the final sessions being held in March The candidates will be presenting their team Board Reports in June Those candidates who are not successful will have a final opportunity in the fall of 2015 to successfully complete the program. CMA candidates who do not successfully complete the Strategic Leadership Program will be provided a transition opportunity into the CPA programs. 12
The Institute of Chartered Accountants of Manitoba Consolidated Financial Statements For the Year Ended March 31, 2015
The Institute of Chartered Accountants of Manitoba Consolidated Financial Statements For the Year Ended March 31, 2015 Independent Auditors Report TO THE MEMBERS, The Institute of Chartered Accountants
More informationThe Institute of Chartered Accountants of Manitoba Consolidated Financial Statements August 31, 2015
Consolidated Financial Statements August 31, Contents Page Independent Auditors' Report 1 Consolidated Statement of Financial Position 2 Consolidated Statement of Operations 3 Consolidated Statement of
More informationCHARTERED PROFESSIONALS IN HUMAN RESOURCES OF SASKATCHEWAN CORPORATION
RESOURCES OF SASKATCHEWAN CORPORATION Financial Statements INDEPENDENT AUDITOR'S REPORT To the Members of Chartered Professionals in Human Resources of Saskatchewan Corporation We have audited the accompanying
More informationCalgary Inter-Faith Food Bank Society
Financial statements August 31, 2016 EV Building a better working world Independent auditors' report To the Members of We have audited the accompanying financial statements of [the "Society"], which comprise
More informationCalgary Inter-Faith Food Bank Society
Financial statements Calgary Inter-Faith Food Bank Society Independent auditors report To the Members of Calgary Inter-Faith Food Bank Society We have audited the accompanying financial statements of Calgary
More informationCANADIAN WATER AND WASTEWATER ASSOCIATION
Financial Statements of CANADIAN WATER AND WASTEWATER ASSOCIATION December 31, 2017 June 4, 2018 INDEPENDENT AUDITORS' REPORT To the Members of Canadian Water and Wastewater Association: We have audited
More informationABERCROMBY MELNYCHUK. Big Brothers of Greater Vancouver Financial Statements For the year ended July 31, 2018
Financial Statements For the year ended Financial Statements For the year ended Contents Independent Auditors' Report 2 Financial Statements Statement of Financial Position 4 Statement of Operations and
More informationCanadian Agency for Drugs and Technologies in Health. Financial Statements March 31, 2017
Canadian Agency for Drugs and Technologies in Health Financial Statements March 31, 2017 June 28, 2017 Independent Auditor s Report To the Members of Canadian Agency for Drugs and Technologies in Health
More informationFirst Nations of Northern Manitoba Child and Family Services Authority Financial Statements March 31, 2012 MNP
Financial Statements March 31, 2012 Independent Auditors Report To the Directors of First Nations of Northern Manitoba Child and Family Services Authority: We have audited the accompanying financial statements
More informationALBERTA COLLEGE OF FAMILY PHYSICIANS OF CANADA - A CHAPTER OF THE COLLEGE OF FAMILY PHYSICIANS OF CANADA Financial Statements Year Ended December 31,
ALBERTA COLLEGE OF FAMILY PHYSICIANS OF CANADA - A CHAPTER OF THE COLLEGE OF FAMILY PHYSICIANS OF CANADA Financial Statements Index to Financial Statements INDEPENDENT AUDITORS' REPORT 1 Page FINANCIAL
More informationWOMEN IN NEED SOCIETY OF CALGARY
WOMEN IN NEED SOCIETY OF CALGARY Financial Statements December 31, 2013 Index to the Financial Statements For the Year Ended December 31, 2013 Page INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement
More informationThe YMCA of Greater Vancouver
Financial statements The YMCA of Greater Vancouver December 31, 2016 Independent auditors report To the Members of The YMCA of Greater Vancouver Report on the financial statements We have audited the accompanying
More informationThe Young Women s Christian Association of Banff. Financial Statements March 31, 2017
Financial Statements To: Independent Auditors Report The Members of The Young Women s Christian Association of Banff We have audited the accompanying financial statements of The Young Women s Christian
More informationFinancial Statements. Merry-Go-Round Children's Fund June 30, 2014
Financial Statements Merry-Go-Round Children's Fund June 30, 2014 INDEPENDENT AUDITORS' REPORT To the Board of Directors of Merry-Go-Round Children's Fund We have audited the accompanying financial statements
More informationWOMEN IN NEED SOCIETY OF CALGARY Financial Statements December 31, 2015
Financial Statements December 31, 2015 Index to Financial Statements INDEPENDENT AUDITOR'S REPORT 1 Page FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Operations 3 Statement of Changes
More informationUnited Way of the Central & South Okanagan/Similkameen Financial Statements January 31, 2018
Financial Statements January 31, 2018 Contents Page Management's Responsibility Independent Auditors' Report Financial Statements Statement of Financial Position... 1 Statement of Operations and Allocations...
More informationTHE JOHN HOWARD SOCIETY OF CANADA FINANCIAL STATEMENTS AS AT MARCH 31, 2014
FINANCIAL STATEMENTS AS AT MARCH 31, 2014 TABLE OF CONTENTS AS AT MARCH 31, 2014 Page INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 3 Statement of Revenue and Expenditures
More informationThames Valley Education Foundation
Financial statements of Thames Valley Education Foundation Table of contents Independent Auditor s Report... 1-2 Statement of financial position... 3 Statement of operations and changes in fund balance...
More informationCANOE KAYAK B.C. Financial Statements Years Ended March 31, 2014 and 2013 and Auditor s Report
Financial Statements Years Ended March 31, 2014 and 2013 and Auditor s Report Canoe Kayak B.C. Financial Statements Year Ended March 31, 2014 and 2013 1 INDEPENDENT AUDITOR S REPORT We have audited the
More informationCANADAHELPS CANADON FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2015
FINANCIAL STATEMENTS Independent Auditor's Report Page 1 Statement of Financial Position 2 Statement of Operations 3 Statement of Changes in Net Assets 4 Statement of Cash Flows 5 Notes to the Financial
More informationMOMENTUM COMMUNITY ECONOMIC DEVELOPMENT SOCIETY Financial Statements December 31, 2017
Financial Statements December 31, 2017 Index to Financial Statements INDEPENDENT AUDITOR'S REPORT 1-2 Page FINANCIAL STATEMENTS Statement of Financial Position 3 Statement of Operations 4 Statement of
More informationCOMMUNITY SOCIAL SERVICES EMPLOYERS ASSOCIATION OF BRITISH COLUMBIA
Financial Statements of COMMUNITY SOCIAL SERVICES EMPLOYERS ASSOCIATION OF BRITISH COLUMBIA KPMG LLP Metro Tower I 4710 Kingsway, Suite 2400 Burnaby BC V5H 4M2 Canada Telephone (604) 527-3600 Fax (604)
More informationMORTGAGE BROKERS ASSOCIATION OF BRITISH COLUMBIA FINANCIAL STATEMENTS DECEMBER 31, I n d e x. Auditor's Report 1-2.
MORTGAGE BROKERS ASSOCIATION OF BRITISH COLUMBIA FINANCIAL STATEMENTS I n d e x Auditor's Report 1-2 Balance Sheet 3 Statement of Operations and Net Assets 4 Statement of Cash Flows 5 Notes to Financial
More informationLOVE: Leave Out Violence Nova Scotia Society ANNUAL FINANCIAL STATEMENTS. March 31, Refer to the accompanying notes.
ANNUAL FINANCIAL STATEMENTS March 31, 2018 Refer to the accompanying notes. INDEPENDENT AUDITORS' REPORT To the Directors of LOVE: Leave Out Violence We have audited the accompanying financial statements
More informationCONSOLIDATED FINANCIAL STATEMENTS 2017
CONSOLIDATED FINANCIAL STATEMENTS 2017 CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITORS REPORT To the Board of Governors of the Nova Scotia Community College We have audited the accompanying consolidated
More informationBanff Canmore Community Foundation. Financial Statements
Banff Canmore Community Foundation Financial Statements March 31, 2016 Independent Auditors Report To: The Members of Banff Canmore Community Foundation We have audited the accompanying financial statements
More informationColdwater Indian Band Consolidated Financial Statements March 31, 2017
Consolidated Financial Statements March 31, 2017 Contents Page Management's Responsibility Independent Auditors' Report Consolidated Financial Statements Consolidated Statement of Financial Position...
More informationAssociation of Professional Engineers and Geoscientists of Alberta. Financial Statements December 31, 2017 (in thousands of dollars)
Association of Professional Engineers and Geoscientists of Alberta Financial Statements March 22, 2018 Independent Auditor s Report To the Members of Association of Professional Engineers and Geoscientists
More informationSENIOR'S SECRET SERVICE SOCIETY OF ALBERTA
SENIOR'S SECRET SERVICE SOCIETY OF ALBERTA Financial Statements Index to the Financial Statements Page INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of
More informationBritish Columbia Institute of Technology Faculty and Staff Association Financial Statements June 30, 2014
Financial Statements June 30, 2014 Contents For the year ended June 30, 2014 Page Independent Auditors' Report...1 Financial Statements Statement of Financial Position...2 Statement of Changes in Net Assets...3
More informationFinancial Statements. Canadian Diabetes Association (o/a Diabetes Canada) (Note 1) December 31, 2016
Financial Statements Canadian Diabetes Association (o/a Diabetes Canada) (Note 1) Contents Page Independent auditor s report 1-2 Statement of financial position 3 Statement of revenue and expenses 4 Statement
More informationSummarized Financial Statements of UNITED WAY OF SASKATOON AND AREA. Year ended March 31, 2011
Summarized Financial Statements of UNITED WAY OF SASKATOON AND AREA KPMG LLP Telephone (306) 934-6200 Chartered Accountants Fax (306) 934-6233 600-128 4 th Avenue South Internet www.kpmg.ca Saskatoon Saskatchewan
More informationWOMEN IN NEED SOCIETY OF CALGARY
WOMEN IN NEED SOCIETY OF CALGARY Financial Statements 2012 Index to the Financial Statements For the Year Ended 2012 Page INDEPENDENT AUDITOR'S REPORT 1 2 FINANCIAL STATEMENTS Statements of Financial Position
More informationABERCROMBY MELNYCHUK. Big Brothers of Greater Vancouver Financial Statements For the year ended July 31, 2017
Financial Statements For the year ended Financial Statements For the year ended Contents Independent Auditors' Report 2 Financial Statements Statement of Financial Position 4 Statement of Operations and
More informationCOLLEGE OF APPLIED BIOLOGY FINANCIAL STATEMENTS. December 31, 2017
FINANCIAL STATEMENTS December 31, 2017 INDEX TO FINANCIAL STATEMENTS Year ended December 31, 2017 Page INDEPENDENT AUDITOR'S REPORT FINANCIAL STATEMENTS Statement of Financial Position 1-2 Statement of
More informationNOVA SCOTIA COMMUNITY COLLEGE
Consolidated Financial Statements of NOVA SCOTIA COMMUNITY COLLEGE March 31, 2017 KPMG LLP Telephone (902) 492-6000 Suite 1500 Purdy s Wharf Tower 1 Fax (902) 492-1307 1959 Upper Water Street Internet
More informationCombined financial statements and independent auditor s report of
Combined financial statements and independent auditor s report of Combined financial statements Year ended Table of Contents Independent auditor s report Page 1 Combined financial statements Combined statement
More informationST. MICHAEL'S CENTRE COMBINED FINANCIAL STATEMENTS 31 MARCH 2018
COMBINED FINANCIAL STATEMENTS 31 MARCH 2018 Combined Financial Statements Contents Independent Auditors' Report Combined Statement of Financial Position 4 Combined Statement of Changes in Net Assets 5
More informationHeart and Stroke Foundation of Canada. Consolidated Financial Statements August 31, 2015
Heart and Stroke Foundation of Canada Consolidated Financial Statements January 8, 2016 Independent Auditor s Report To the Directors of Heart and Stroke Foundation of Canada We have audited the accompanying
More informationIndependent Auditors' Report to the Members 1. Statement of Financial Position 2. Statement of Operations 3. Statement of Changes in Net Assets 4
Financial Statements December 31, 2014 Index Page Independent Auditors' Report to the Members 1 Financial Statements Statement of Financial Position 2 Statement of Operations 3 Statement of Changes in
More informationConsolidated Financial Statements 2016
Consolidated Financial Statements 2016 CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITORS REPORT To the Board of Governors of the Nova Scotia Community College We have audited the accompanying consolidated
More informationTHEATRE ONTARIO Financial Statements December 31, 2017
Financial Statements December 31, 2017 Index to Financial Statements INDEPENDENT AUDITOR'S REPORT 1 Page FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Operations and Deficit 3 Statement
More informationWATARI RESEARCH ASSOCIATION
Financial Statements Year Ended March 31, 2012 Page AUDITORS REPORT 1 FINANCIAL STATEMENTS Balance Sheet 2 Statement of Changes in Net Assets 3 Statement of Operations 4 Statement of Cash Flows 5 Notes
More informationCanadian Agricultural Safety Association Financial Statements March 31, 2018
Financial Statements March 31, 2018 Independent Auditors Report To the Directors of : We have audited the accompanying financial statements of, which comprise the statement of financial position as at
More informationFinancial Statements. December 31, 2015
Financial Statements December 31, 2015 Contents Page Independent Auditor s Report 1-2 Statement of Revenue and Expenses 3 Statement of Changes in Net Assets 4 Statement of Financial Position 5 Statement
More informationFinancial statements. Operation Come Home. December 31, 2016
Financial statements Operation Come Home Independent auditors report To the Members of Operation Come Home We have audited the accompanying financial statements of Operation Come Home, which comprise the
More informationPassive House Canada Financial Statements Year Ended December 31, 2017
Financial Statements To the Directors of Passive House Canada Independent Auditor's Report We have audited the accompanying financial statements of Passive House Canada, which comprise the statement of
More informationOMBUDSMAN FOR BANKING SERVICES AND INVESTMENTS FINANCIAL STATEMENTS OCTOBER 31, 2017
FINANCIAL STATEMENTS FINANCIAL STATEMENTS INDEX Page Independent Auditors' Report 1 Financial Statements Statement of Financial Position 2 Statement of Changes in Net Assets 3 Statement of Operations 4
More informationOntario Physical and Health Education Association Financial Statements For the year ended March 31, 2017
Ontario Physical and Health Education Association Financial Statements For the year ended Contents Independent Auditor's Report 2 Financial Statements Balance Sheet 3 Statement of Changes in Fund Balances
More informationONTARIO ASSOCIATION OF CHILDREN'S AID SOCIETIES
Financial Statements of ONTARIO ASSOCIATION OF CHILDREN'S AID SOCIETIES Year ended March 31, 2017 KPMG LLP Vaughan Metropolitan Centre 100 New Park Place, Suite 1400 Vaughan ON L4K 0J3 Canada Tel 905-265-5900
More informationALBERTA REAL ESTATE FOUNDATION
Financial Statements of ALBERTA REAL ESTATE FOUNDATION ABCD KPMG LLP Chartered Accountants 2700, 205-5th Avenue SW Calgary AB T2P 4B9 Telephone (403) 691-8000 Fax (403) 691-8008 Internet www.kpmg.ca INDEPENDENT
More informationOUTWARD BOUND CANADA FINANCIAL STATEMENTS DECEMBER 31, 2014
FINANCIAL STATEMENTS DECEMBER 31, 2014 Independent Auditor's Report To the Members of Outward Bound Canada We have audited the accompanying financial statements of Outward Bound Canada, which comprise
More informationCANADIAN ASSOCIATION OF UNIVERSITY BUSINESS OFFICERS
Financial Statements of CANADIAN ASSOCIATION OF UNIVERSITY BUSINESS - May 13, 2018, 10:37 PM Version 1.11 last saved May 13, 2018 at 10:37:48 PM INDEPENDENT AUDITORS' REPORT To the Members of the Canadian
More informationCHATS - Community & Home Assistance to Seniors Financial Statements For the year ended March 31, 2015
CHATS - Community & Home Assistance to Seniors Financial Statements For the year ended March 31, 2015 Contents Independent Auditor's Report 2 Financial Statements Statement of Financial Position 3 Statement
More informationBRITISH COLUMBIA MEDICAL ASSOCIATION
Financial Statements of BRITISH COLUMBIA MEDICAL ASSOCIATION ABCD KPMG LLP Chartered Accountants Box 10426, 777 Dunsmuir Street Vancouver BC V7Y 1K3 Telephone (604) 691-3000 Telefax (604) 691-3031 Internet
More informationCanadian Mental Health Association, Middlesex. Financial Statements March 31, 2017
Canadian Mental Health Association, Middlesex Financial Statements March 31, September 29, Independent Auditor s Report To the Board of Trustees of Canadian Mental Health Association, Middlesex We have
More informationCHARTERED PROFESSIONAL ACCOUNTANTS OF YUKON FINANCIAL STATEMENTS
CHARTERED PROFESSIONAL ACCOUNTANTS OF YUKON FINANCIAL STATEMENTS March 31, 2018 Financial Statements Management responsibility for financial reporting The financial statements of the Chartered Professional
More informationBOYS AND GIRLS CLUBS OF CANADA
Financial Statements of BOYS AND GIRLS CLUBS OF CANADA KPMG LLP Vaughan Metropolitan Centre 100 New Park Place, Suite 1400 Vaughan ON L4K 0J3 Canada Tel 905-265-5900 Fax 905-265-6390 INDEPENDENT AUDITORS'
More informationFinancial Statements of INNOVATE BC (FORMERLY BRITISH COLUMBIA INNOVATION COUNCIL ) Year ended March 31, 2018
Financial Statements of KPMG LLP Metro Tower I 4710 Kingsway, Suite 2400 Burnaby BC V5H 4M2 Canada Telephone (604) 527-3600 Fax (604) 527-3636 INDEPENDENT AUDITORS' REPORT To the Board of Directors and
More informationThe Young Women s Christian Association of Banff. Financial Statements March 31, 2016
Financial Statements To: Independent Auditors Report The Members of The Young Women s Christian Association of Banff We have audited the accompanying financial statements of The Young Women s Christian
More informationSpina Bifida and Hydrocephalus Association of Ontario ANNUAL FINANCIAL STATEMENTS. February 28, 2017
Spina Bifida and Hydrocephalus Association of Ontario ANNUAL FINANCIAL STATEMENTS February 28, 2017 INDEPENDENT AUDITORS' REPORT To the members of Spina Bifida and Hydrocephalus Association of Ontario
More informationOUTWARD BOUND CANADA FINANCIAL STATEMENTS DECEMBER 31, 2015
FINANCIAL STATEMENTS DECEMBER 31, 2015 Independent Auditor's Report To the Members of Outward Bound Canada We have audited the accompanying financial statements of Outward Bound Canada, which comprise
More informationCOMMUNITY FUTURES DEVELOPMENT CORPORATION OF BOUNDARY AREA Financial Statements Year Ended March 31, 2018
Financial Statements Financial Statements March 31, 2018 Contents Independent Auditors' Report 1-2 Non-Consolidated Statement of Financial Position 3 Non-Consolidated Statement of Operations 4 Non-Consolidated
More informationHEART AND STROKE FOUNDATION OF CANADA
Consolidated Financial Statements of HEART AND STROKE FOUNDATION OF CANADA KPMG LLP Vaughan Metropolitan Centre 100 New Park Place, Suite 1400 Vaughan ON L4K 0J3 Canada Tel 905-265-5900 Fax 905-265-6390
More informationPacific Peoples' Partnership Association Financial Statements
Pacific Peoples' Partnership Association Financial Statements Year ended June 30, 2018 Independent Auditors Report To: The Board of Directors of the Pacific Peoples Partnership Association Report on Financial
More informationRIGHT nscc now.ca HERE.
RIGHT HERE. Consolidated Financial Statements 2015 I have a big heart and I want to use it. READ MORE: bit.ly/tyradenny CONSOLIDATED FINANCIAL STATEMENTS 2015 INDEPENDENT AUDITORS REPORT To the Board of
More informationFinancial Statements. Halifax Regional Business and Community Economic Development Association March 31, 2015
Financial Statements Halifax Regional Business and Community INDEPENDENT AUDITORS REPORT To the Board of Directors of Halifax Regional Business and Community We have audited the accompanying financial
More informationJUSTICE INSTITUTE OF BRITISH COLUMBIA
Financial Statements of JUSTICE INSTITUTE OF BRITISH COLUMBIA ABCD KPMG LLP Chartered Accountants Box 10426, 777 Dunsmuir Street Vancouver BC V7Y 1K3 Telephone (604) 691-3000 Telefax (604) 691-3031 Internet
More informationTHE ARTHRITIS SOCIETY/ LA SOCIÉTÉ D'ARTHRITE
Financial Statements of THE ARTHRITIS SOCIETY/ KPMG LLP Vaughan Metropolitan Centre 100 New Park Place, Suite 1400 Vaughan ON L4K 0J3 Canada Tel 905-265-5900 Fax 905-265-6390 INDEPENDENT AUDITORS' REPORT
More informationCANADIAN FOUNDATION FOR ECONOMIC EDUCATION
CANADIAN FOUNDATION FOR ECONOMIC EDUCATION FINANCIAL STATEMENTS March 31, 2018 CONTENTS INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Balance Sheet 2 Statement of Changes in Net Assets 3 Statement
More informationTRIATHLON ONTARIO FINANCIAL STATEMENTS MARCH 31, 2018 INDEX. Independent Auditors' Report. 2. Statement of Financial Position
FINANCIAL STATEMENTS INDEX Page 1. Independent Auditors' Report 2. Statement of Financial Position 3. Statement of Earnings and Changes in Net Assets 4. Statement of Cash Flows 5-8. Notes to Financial
More informationAGAPE TABLE INC. FINANCIAL STATEMENTS DECEMBER 31, 2016
AGAPE TABLE INC. FINANCIAL STATEMENTS DECEMBER 31, 2016 Table of Contents Page Independent Auditor's Report 1 Financial Statements Statement of Financial Position 2 Statement of Changes in Net Assets 3
More informationFinancial Statements, March 31, Seconds in the life of CIRA, Annual Report
Financial Statements, March 31, 2009 60 Seconds in the life of CIRA, Annual Report 2008-2009 Canadian Internet Registration Authority Financial Statements, March 31, 2009 Auditors Report Statement of Financial
More informationFinancial Statements. Canadian Federation of Students - Ontario/ Fédération Canadienne Des Étudiantes et Étudiants - Ontario.
Financial Statements Fédération Canadienne Des Étudiantes et Étudiants - Ontario June 30, 2018 Contents Page Independent Auditor's Report 1-2 Statement of Financial Position 3 Statement of Revenue and
More informationALBERTA COUNCIL OF WOMEN S SHELTERS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2017 Page Auditor s Report 1 Statement of Financial Position 2 S
ALBERTA COUNCIL OF WOMEN S SHELTERS FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2017 Page Auditor s Report 1 Statement of Financial Position 2 Statement of Changes in Net Assets 3 Statement of Operations
More informationOFFICE OF THE AUDITOR GENERAL OF NOVA SCOTIA FINANCIAL STATEMENTS MARCH 31, 2016
OFFICE OF THE AUDITOR GENERAL OF NOVA SCOTIA FINANCIAL STATEMENTS MARCH 31, 2016 Financial Statements March 31, 2016 CONTENTS Page Independent Auditor s Report 2 Statement of Financial Position 3 Statement
More informationLEGAL INFORMATION CLINIC AT MCGILL/ CLINIQUE DTNFORMATION JURIDIQUE A MCGILL FINANCIAL STATEMENTS AUGUST 31,2016
CLINIQUE DTNFORMATION JURIDIQUE A MCGILL FINANCIAL STATEMENTS CLINIQUE DTNFORMATION JURIDIQUE A MCGILL FINANCIAL STATEMENTS CLINIQUE DTNFORMATION JURBDIQUE A MCGILL FINANCIAL STATEMENTS CONTENTS PAGE INDEPENDENT
More informationNOVA SCOTIA COMMUNITY COLLEGE
Financial Statements of NOVA SCOTIA COMMUNITY COLLEGE Independent Auditor s Report To the Board of Governors of the Nova Scotia Community College Deloitte & Touche LLP 1969 Upper Water Street Suite 1500
More informationVANCOUVER COMMUNITY COLLEGE
Financial Statements of VANCOUVER COMMUNITY COLLEGE Statement of Management Responsibility The financial statements have been prepared by management in accordance with Section 23.1 of the Budget Transparency
More informationWILFRID LAURIER UNIVERSITY
Financial Statements of WILFRID LAURIER UNIVERSITY KPMG LLP 115 King Street South 2nd Floor Waterloo ON N2J 5A3 Canada Tel 519-747-8800 Fax 519-747-8830 INDEPENDENT AUDITORS REPORT To the Board of Governors
More informationFRIENDS OF THE GREENBELT FOUNDATION
Financial Statements of FRIENDS OF THE GREENBELT FOUNDATION KPMG LLP Vaughan Metropolitan Centre 100 New Park Place, Suite 1400 Vaughan ON L4K 0J3 Canada Tel 905-265-5900 Fax 905-265-6390 INDEPENDENT AUDITORS'
More informationWILFRID LAURIER UNIVERSITY
Financial Statements of WILFRID LAURIER UNIVERSITY KPMG LLP 115 King Street South 2nd Floor Waterloo ON N2J 5A3 Canada Tel 519-747-8800 Fax 519-747-8830 INDEPENDENT AUDITORS REPORT To the Board of Governors
More informationRED DEER HOSPICE SOCIETY
Independent Auditor's Report and Financial Statements Collins Barrow Red Deer LLP 546 Laura Avenue Red Deer County, Alberta T4E 0A5 Canada T 403.342.5541 F 403.347.3766 collinsbarrow.com INDEPENDENT AUDITOR'S
More informationACCESS COMMUNITY CAPITAL FUND Financial Statements March 31, 2016
Financial Statements March 31, 2016 Index to Financial Statements INDEPENDENT AUDITOR'S REPORT 1 Page FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Operations and Changes in Net Assets
More informationPATHWAYS TO EDUCATION CANADA/PASSEPORT POUR MA RÉUSSITE CANADA
Financial Statements of PATHWAYS TO EDUCATION CANADA/PASSEPORT POUR MA RÉUSSITE CANADA KPMG LLP Telephone (416) 228-7000 Yonge Corporate Centre Fax (416) 228-7123 4100 Yonge Street Suite 200 Internet www.kpmg.ca
More informationCanadian Patient Safety Institute
Financial statements of Canadian Patient Safety Institute March 31, 2017 March 31, 2017 Table of contents Independent Auditor s Report... 1-2 Statement of financial position... 3 Statement of operations...
More informationSPECIAL OLYMPICS ONTARIO INC.
FINANCIAL STATEMENTS INDEX Page 1. Independent Auditors' Report 2. Statement of Financial Position 3. Statement of Operations and Changes in Net Assets 4. Statement of Cash Flows 5-12. Notes to Financial
More informationFinancial Report for the year ended December 31, 2013
City of St. Catharines Financial Report for the year ended December 31, 2013 Financial Management Services THE CORPORATION OF THE CITY OF ST. CATHARINES, ONTARIO FINANCIAL STATEMENTS TO THE YEAR ENDED
More informationTRUE NORTH ROCHESTER PREPARATORY CHARTER SCHOOL ROCHESTER, NEW YORK AUDITED FINANCIAL STATEMENTS OTHER FINANCIAL INFORMATION AND
TRUE NORTH ROCHESTER PREPARATORY CHARTER SCHOOL ROCHESTER, NEW YORK AUDITED FINANCIAL STATEMENTS OTHER FINANCIAL INFORMATION AND INDEPENDENT AUDITOR S REPORTS JUNE 30, 2014 CONTENTS AUDITED FINANCIAL STATEMENTS
More informationFinancial Statements. Childhood Cancer Canada Foundation/ Fondation Canadienne Du Cancer Chez L'Enfant. September 30, 2013
Financial Statements Childhood Cancer Canada Foundation/ September 30, 2013 Contents Page Independent Auditor's Report 1-2 Statement of Revenue and Expenses 3 Statement of Changes in Net Assets 4 Statement
More informationF I N A N C I A L S T A T E M E N T S For AIDS COMMITTEE OF TORONTO For year ended MARCH 31, 2017
F I N A N C I A L S T A T E M E N T S For AIDS COMMITTEE OF TORONTO For year ended MARCH 31, 2017 INDEPENDENT AUDITORS' REPORT To the Directors of AIDS COMMITTEE OF TORONTO We have audited the accompanying
More informationPTP - Adult Learning and Employment Programs. Financial Statements
PTP - Adult Learning and Employment Programs Financial Statements For the Year Ended March 31, 2018 INDEPENDENT AUDITORS' REPORT To the Directors of We have audited the accompanying financial statements
More informationPATHWAYS TO EDUCATION CANADA/PASSEPORT POUR MA REUSSITE CANADA
Financial Statements of PATHWAYS TO EDUCATION CANADA/PASSEPORT POUR MA REUSSITE CANADA KPMG LLP Yonge Corporate Centre 4100 Yonge Street, Suite 200 Toronto ON M2P 2H3 Canada Tel 416-228-7000 Fax 416-228-7123
More informationCanadian Hemophilia Society Société canadienne de l hémophilie. Financial Statements December 31, 2012 and 2011
Canadian Hemophilia Society Société canadienne de l hémophilie Financial Statements December 31, and May 9, 2013 Independent Auditor s Report To the Members of the Canadian Hemophilia Society Société canadienne
More informationConsolidated financial statements. United Way of Halifax Region. December 31, 2017
Consolidated financial statements United Way of Halifax Region December 31, 2017 Contents Page Independent auditor s report 1-2 Consolidated statement of revenue and expenses 3 Consolidated balance sheet
More informationJUNCTION DAY CARE CENTRE
FINANCIAL STATEMENTS DECEMBER 31, 2013 C H A R T E R E D A C C O U N T A N T S INDEPENDENT AUDITOR'S REPORT To the Members, Junction Day Care Centre Report on the Financial Statements We have audited the
More informationROCKY VIEW REGIONAL HANDIBUS SOCIETY FINANCIAL STATEMENTS DECEMBER 31, 2017
FINANCIAL STATEMENTS DECEMBER 31, 2017 ANDA FRUSESCU PROFESSIONAL CORPORATION CHARTERED PROFESSIONAL ACCOUNTANT INDEPENDENT AUDITOR'S REPORT To the Members of Rocky View Regional Handibus Society: I have
More informationTHE FOUNDATION FOR GENE & CELL THERAPY
Financial Statements of THE FOUNDATION FOR GENE & CELL THERAPY KPMG LLP 140 Fullarton Street Suite 1400 London ON N6A 5P2 Canada Tel 519 672-4800 Fax 519 672-5684 INDEPENDENT AUDITORS' REPORT To the Board
More informationConsolidated financial statements. United Way of Halifax Region. December 31, 2012
Consolidated financial statements United Way of Halifax Region Contents Page Independent auditor s report 1 Consolidated statement of revenues and expenses 2 Consolidated balance sheet 3 Consolidated statement
More information