Financial Summary

Audited Financial Summary

Our auditors (Kriens~LaRose, LLP Chartered Accountants) have conducted our annual audit in accordance with Canadian generally accepted auditing standards.  An audited consolidated financial statement and two graphic representations of revenues and expenses follow. OPPI Council approved the Audited Financial Statements ending December 31, 2013 at its March 2014 Council meeting. A complete copy is available by contacting the OPPI office.

The 2013 Business Plan was prepared and approved by OPPI Council. The year ending December 31, 2013 reflects an excess of revenues over expenses in the amount of $372,722.

Budget Area	Change	Amount
Operations	Increase	$148,809.00
Capital Fund	Increase	$10,000.00
Scholarship Fund	Increase	$17,188.00
Strategic Fund	Increase	$196,725.00
Overall	Increase	$372,722.00

Summarized Financial Information for 2013

	2013 $	2012 $
CURRENT ASSETS	1,904,305	1,269,355
EQUIPMENT	435,358	456,234
	2,339,663	1,725,589
CURRENT LIABILITIES	1,175,982	934,630
SCHOLARSHIP FUNDS	95,900	78,712
UNRESTRICTED NET ASSETS	238,957	69,272
INVESTED IN EQUIPMENT	435,358	456,234
CAPITAL RESERVE FUND	114,979	104,979
STRATEGIC FUND	278,487	81,762
	2,339,663	1,725,589
REVENUES
Membership fees	1,146,578	1,039,482
Conference	367,600	-
Journal and mailings	181,096	189,604
Professional development	103,450	112,475
Other	114,530	202,284
Symposium	-	199,490
	2,023,396	1,743,335
EXPENSES
Council and Committees	674,039	618,277
Conference	271,592	-
Office	335,693	335,358
General administration	162,159	176,347
Communications	126,417	121,659
Professional development	74,979	85,790
Other	5,795	1,500
Symposium	-	159,286
	1,650,674	1,498,217
EXCESS OF REVENUES OVER EXPENSES FOR THE YEAR	372,722	245,118

2013 Revenue & Expenses

Revenue

Membership Fee	$1,146,578
Conference/Symposium	$367,600
Journal & Mailings	$181,096
Professional Development	$103,450
Other	$224,672
Total Revenue	$2,023,396