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, 2014 at its March 2015 Council meeting. A complete copy is available by contacting the OPPI office.

The 2014 Business Plan was prepared and approved by OPPI Council. The year ending December 31, 2014 reflects an excess of revenues over expenses in the amount of $197,893.

Budget Area	Change	Amount
Operations	Increase	$111,953
Capital Fund	Increase	$10,000
Scholarship Fund	Increase	$5,503
Strategic Fund	Increase	$40,437
Discipline Fund	Increase	$30,000
Overall	Increase	$197,893

Summarized Financial Information for 2014

	2014 $	2013 $
CURRENT ASSETS	2,228,316	1,904,305
EQUIPMENT	389,796	435,358
	2,618,112	2,339,663
CURRENT LIABILITIES	1,256,538	1,175,982
UNRESTRICTED NET ASSETS	396,472	238,957
INVESTED IN EQUIPMENT	389,796	435,358
SCHOLARSHIP FUND	101,403	95,900
CAPITAL FUND	124,979	114,979
STRATEGIC FUND	318,924	278,487
DISCIPLINE FUND	30,000	-
	2,618,112	2,339,663
REVENUES
Membership fees	1,265,405	1,146,578
Conference	-	367,600
Journal and mailings	200,178	181,096
Professional development	132,612	103,450
Other	118,661	114,530
Symposium	340,770	-
	2,057,626	2,023,396
EXPENSES
Strategy Groups & District Leadership Teams	388,006	168,699
Symposium	324,009	-
Office	308,819	300,660
Administration	226,172	162,159
Communications	226,049	254,666
Governance, Executive & Nominating	163.265	152,926
Planning Knowledge Exchange	84,089	-
Discipline	60,960	12,319
Other	44,033	53,953
Professional Standards & Registration	34,331	292,327
Conference	-	252,965
	1,859,733	1,650,674
EXCESS OF REVENUES OVER EXPENSES FOR THE YEAR	197,893	372,722

2014 Revenue & Expenses

Revenue

Membership Fee	$1,265,405
Conference/Symposium	$340,770
Journal & Mailings	$200,178
Professional Development	$132,612
Other	$118,661
Total Revenue	$2,057,626

Expenses

Symposium & Planning Knowledge Exchange	$408,098
Administration	$534,991
Communications, Marketing & Recognition	$226,049
Governance & Nominating	$163,265
Discipline & Professional Standards	$95,291
Strategy Groups & District Leadership Teams	$388,006
Other	$44,033
Total Expense	$1,859,733