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Welcome to the 44th Annual General Meeting
Call to Order
Agenda Itemsfrom the Floor
College of Occupational Therapists of Manitoba
Approval of the Agenda
Approval of “Rules of the Meeting of the College”
Appointment of Two Scrutineers
Approval of the AGM Minutes of October 21, 2014
Business Arising from the Minutes
Chairperson’s Remarks
Strategic DirectionsGovernanceRegistrationContinuing CompetenceInvestigation/InquiryRHPA
Treasurer’s Report
Financial Statements of
THE COLLEGE OF OCCUPATIONALTHERAPISTS OF MANITOBA
May 31, 2015
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of The College of Occupational Therapists of Manitoba as at May 31, 2015 and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.
Chartered Accountants August 25, 2015
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015
REVENUE
Registration and license fees $ 336,301 $ 329,457
Other registration income 20 550
Investment income 7,229 6,668
Other income 200 2,000
Expense recoveries – rent 900 900
Expense recoveries – phone 444 444
Expense recoveries – administration 9,440 7,528
Expense recoveries – supplies 300 -
Expense recoveries – salary 2,402 2,316
357,236 349,863
2015 2014
Amortization - 92
Association dues 1,329 1,569
Council expenses and meetings 12,243 9,359
Casual labour - 410
Continuing competence 22,333 25,402
Insurance 3,058
2,404
Maintenance - 158
Miscellaneous 1,502 1,859
Printing 2,967 3,253
2015 2014
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015
EXPENSES
Professional fees 23,850 13,008
Professional fees - Legal 37,251 56,229
Rent 15,549 13,860
Service charges 552 510
Supplies 2,703 1,461
Support to National Equivalency Project 9,000 -
Telephone and postage 12,585 11,358
Wages and benefits 180,326 167,268
325,248 308,200
EXCESS OF REVENUE OVER EXPENSES $ 31,988 $ 41,663
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015 2015 2014
2015
Unrestricted
Internally Restricted
Total
Balance, Beginning of Year
$ 16,000 $ 151,441 $ 167,441
Excess of Revenue over Expenses
31,988 - 31,988
Internal Restrictions (Note 5)
( 31,988)
31,988
-
Balance, End of Year $ 16,000 $ 183,429 $ 199,429
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Changes in Net AssetsYear Ended May 31, 2015
2015
2014
LIABILITIES
CURRENT
Accounts payable $ 36,905 $ 32,827
COMMITMENT (Note 6)
NET ASSETS
Unrestricted 16,000 16,000
Internally restricted 183,429 151,441
199,429 167,441
$ 236,334 $ 200,268
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Financial PositionMay 31, 2015
2015
2014
OPERATING ACTIVITIES
Excess of revenue over expenses Item not affecting cash:
$ 31,988 $ 41,663
Amortization - 92
Changes in non-cash operating working capital items:
31,988 41,755
Accounts receivable (4,224) 2,560
Prepaid expenses 1,189 (653)
Accounts payable 4,078 (11,439)
33,031 32,223
THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Cash FlowsYear Ended May 31, 2015
College of Occupational Therapists of Manitoba
Questions about the Audit?
Statement of OperationsA comparison of 2014-2015 revenue and expenses to budget
ActualJun 1/14 - May 31/15
BudgetJun 1/14 - May 31/15
Registered OTsAnnual Registration Fees(Practising & Non Practising)
706$475/190
625$475/190
Levy $40/16 $40/16
REVENUE Member Fees Other Registration Income Investment Income Other Revenue IT Levy
$309,74120
7,229200
26,560
$298,075675
1,3440
25,000
2014/2015 STATEMENT OF OPERATIONS
ActualJun 1/14 - May 31/15
BudgetJun 1/14 -
May 31/15
REVENUERecovered Expense (rent)Recovered Expense (phone)Recovered Expense (supplies)Recovered Expense (wages)Recovered Expense (wages - contract)
$ 900444300
9,4402,402
$ 900444300
6,0002,436
TOTAL REVENUE $ 357,236 $335,174
2014/2015 STATEMENT OF OPERATIONS
EXPENSES Miscellaneous Council & Committee Expenses Executive Director Meeting Expenses CC Program Development Education/Training Projects Association Dues Membership Refunds
$ 2569,279
2,96422,333
09,0001,330
0
$ 256,500
4,12525,000
2,1002,0001,7002,500
ActualJun 1/14-May 31/15
BudgetJun 1/14-May 31/15
2014/2015 STATEMENT OF OPERATIONS
EXPENSES Office: Courier/Fax/Post/Phone Office: Supplies Office: Copying/Printing Office: Technology Upgrades & Maintenance Office: Maintenance Office: Depreciation Expense (Furniture) Office: Depreciation Expense (Computer) Casual Office Support
$ 12,5852,7032,967
1,2450
0
00
$ 12,6003,0003,500
3,000210
0
01,200
ActualJun 1/14-May 31/15
BudgetJun 1/14-May 31/15
2014/2015 STATEMENT OF OPERATIONS
EXPENSES
Insurance Rent Bank Charges Professional Fees Professional – Legal Wages/Salary/Wages & Benefits/Source Deductions Transfer to Reserve Fund Integrated Technology Solution
TOTAL EXPENSES
NET INCOME/NET LOSS
$ 3,05815,549
55223,85037,251
125,76254,56426,656
5,332
$ 357,236
$ 0
$3,50015,536
60015,00028,500
122,25450,47125,000
6,853
$ 335,174
$ 0
2014/2015 STATEMENT OF OPERATIONSActual
Jun 1/14-May 31/15
BudgetJun 1/14-May 31/15
Questions about the Statement ofOperations?
2015-2016 Budget - including a comparison to the 2014-2015 Budget
College of Occupational Therapists of Manitoba
At the end of this section, you will be asked to vote on the 2015-2016 Budget.
ProjectedJun 1/15 -May 31/16
BudgetJun 1/14 -May 31/15
Annual Registration Fees(Practising & Non Practising)
$485/190 $475/190
Levy $40/16 $40/16
REVENUE Member Fees Other Registration Income Investment Income Other Revenue Discipline Levy Income
$ 316,450675
1,3440
26,000
$298,075675
1,3440
25,000
2014/2015 BUDGET COMPARATIVE
ProjectedJun 1/15 -May 31/16
BudgetJun 1/14 -May 31/15
REVENUERecovered Expense (wages - contact)Recovered Expense (wages - anticipated)Recovered Expense (rent)Recovered Expense (phone)Recovered Expense (supplies)
$ 2,436
6,000900444
300
$2,436
6,000900444
300
TOTAL REVENUE $ 354,549 $335,174
2014/2015 BUDGET COMPARATIVE
EXPENSES Miscellaneous Council & Committee Expenses Executive Director Meeting Expenses CC Program Development Education/Training Projects Association Dues Membership Refunds
$ 256,500
6,12525,000
2,1006,0001,7002,500
$ 256,500
4,12525,000
2,1002,0001,7002,500
ProjectedJun 1/15-May 31/16
BudgetJun 1/14-May 31/15
2014/2015 BUDGET COMPARATIVE
EXPENSES Office: Courier/Fax/Post/Phone Office: Supplies Office: Copying/Printing Office: Technology Upgrades & Maintenance Office: Maintenance Office: Depreciation Expense (Computer) Casual Office Support
$ 12,6003,0003,500
3,000210
01,200
$ 12,6003,0003,500
3,000210
01,200
ProjectedJun 1/15-May 31/16
BudgetJun 1/14-May 31/15
2014/2015 BUDGET COMPARATVE
EXPENSES
Insurance Rent Bank Charges Professional Fees Professional – Legal Wages/Salary/Wages & Benefits/Source Deductions Transfer to Reserve Fund Integrated Technology Solution
TOTAL EXPENSES
NET INCOME/NET LOSS
$ 3,50015,536
60015,00028,500
176,76326,000
8,415
$ 347,774
$ 6,775
$3,50015,536
60015,00028,500
172,72525,000
6,853
$ 335,174
$ 0
2014/2015 BUDGET COMPARATIVEProjected
Jun 1/15-May 31/16
BudgetJun 1/14-May 31/15
Questions prior to the motion about any items in the Treasurer’s
Report?
Motion to Approve the 2015 - 2016 Projected Budget
Conversation aboutAnnual Report
Report of the Nominations Coordinator
Election of the Council Members
Election of the Nominations Coordinator
Appointment of the Auditor
New Business – Formal Presentation
Certificates of Appreciation
Adjournment
COTM General Meeting
Call to Order
Appointment of Two Scrutineers
Revisions to the COTM By-laws
Motion: To rescind the COTM By-laws (2012) and accept the COTM By-laws (2015) as amended.
Adjournment