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2020 Annual Report

Financial Summary

Our auditors, Kriens~LaRose LLP, Chartered Accountants, have concluded our annual audit in accordance with Canada 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, 2019, at its June 2020 Council meeting. 

The 2019 Business Plan was prepared and approved by OPPI Council. This year ending December 31, 2019, reflects an excess of revenues over expenses in the amount of $295,861. 

Click here to read the full 2019 Financial Results Summary – Revenue & Expenses

Revenue

2019-Revenue-and-Expense-Pie-Charts-Revenue-(1).jpg
  Revenue
Membership Fee $1,781,305
Conference $668,445
Journal & Mailings $266,165
Professional Development $105,789
Other $274,461
Total Revenue $3,096,165

Expense

2019-Revenue-and-Expense-Pie-Expenses.jpg
  Expense
Administration/Office $786,190
Conference & Planning Knowledge Exchange $798,582
Strategy Groups & District Leadership Teams $372,216
Communications, Marketing & Recognition $407,080
Governance, Executive & Nominating $185,829
Discipline, Professional Standards & Government Relations $250,407
Total Expense $2,800,304

The purpose of the annual Business Plan is to direct implementation of OPPI’s Strategic Plan. It is guided by the Institute’s Financial Strategy to achieve fiscal stability over the short and long terms. Click here to read the full 2019 Business Plan.

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