Finances

Statement of Operations and Changes to Members' Equity

(In thousands of dollars)

Year ended December 31, 2016, with comparative information for 2015

 

 

2016

2015

 

 

$

$

Revenue:

 

 

 

Annual membership fees

35,876

36,583

 

Other fees

1,175

1,798

 

Advertising

980

965

 

Special projects

99

45

 

Interest and other

285

460

 

 

38,415

39,851

Expenditures:

 

 

 

Employee salaries

16,809

16,137

 

Employee benefits (note 8)

4,637

4,420

 

Council and committees

690

720

 

Services to members and applicants

3,215

3,572

 

Professional practice

454

510

 

Investigations and hearings

4,312

4,215

 

Operating support

4,528

5,296

 

Mortgage interest

978

1,090

 

Amortization

2,463

2,504

 

Council elections

250

 

 

38,086

38,714

 

 

 

 

Excess of revenue over expenditures

329

1,137

 

 

 

 

Members’ equity, beginning of year

20,402

19,265

 

 

 

 

Members’ equity, end of year

20,731

20,402

 

See accompanying notes to financial statements.

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