WILSON CENTRE SENIORS ADVISORY ASSOCIATION
NOTES FOR THE AGM OCTOBER 14, 2015
- Revenues were down this year compared to last due to the loss of United Way funding for the CVSS program.
- Expenses were also lower, other than the one-time contribution to the Wilson Centre washroom upgrade project in the amount of S 25K, which was covered by a federal government grant received in the prior fiscal year.
- The decision was made in September 2014 to discontinue the support for Leisure Connections and in July 2015 to transfer the CVSS programs to SHARE.
- As a result of the CVSS transfer, we have restricted fund on hand at the end of June 2015 that we are currently negotiating the dispersal of.
- Cash balances were down from the prior year-end as we liquidated short-term investments to continue funding CVSS in the face of the reduction in external support.
- In line with the approval at last year’s AGM, the independent accountant F.K. Chan & Company has performed a Notice to Reader engagement with respect to the financial statements for the fiscal year ending June 30, 2015.
RESOLVED THAT THE DRAFT ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDING JUNE 30, Z015, AS PRESENTED AT THE ANNUAL GENERAL MEETING, BE APPROVED BY THE MEMBERS. RESOLVED THAT F.K CHAN & COMPANY BE APPOINTED AS THE INDEPENDENT ACCOUNTANT FOR THE FISCAL YEAR ENDING JUNE 30, 2016 AND THAT THE MEMBERS APPROVE F.K. CHAN & COMPANY TO PERFORM A NOTICE TO READER ENGAGEMENT FOR THAT FISCAL YEAR.
Roland R. Mitchell
October 14, 2015