Welcome to the 44 th Annual General Meeting. Call to Order.

Welcome to the 44th Annual General Meeting

Call to Order

Agenda Itemsfrom the Floor

College of Occupational Therapists of Manitoba

Approval of the Agenda

Approval of “Rules of the Meeting of the College”

Appointment of Two Scrutineers

Approval of the AGM Minutes of October 21, 2014

Business Arising from the Minutes

Chairperson’s Remarks

Strategic DirectionsGovernanceRegistrationContinuing CompetenceInvestigation/InquiryRHPA

Treasurer’s Report

Financial Statements of

THE COLLEGE OF OCCUPATIONALTHERAPISTS OF MANITOBA

May 31, 2015

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of The College of Occupational Therapists of Manitoba as at May 31, 2015 and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.

Chartered Accountants August 25, 2015

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015

REVENUE

Registration and license fees $ 336,301 $ 329,457

Other registration income 20 550

Investment income 7,229 6,668

Other income 200 2,000

Expense recoveries – rent 900 900

Expense recoveries – phone 444 444

Expense recoveries – administration 9,440 7,528

Expense recoveries – supplies 300 -

Expense recoveries – salary 2,402 2,316

357,236 349,863

2015 2014

Amortization - 92

Association dues 1,329 1,569

Council expenses and meetings 12,243 9,359

Casual labour - 410

Continuing competence 22,333 25,402

Insurance 3,058

2,404

Maintenance - 158

Miscellaneous 1,502 1,859

Printing 2,967 3,253

2015 2014

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015

EXPENSES

Professional fees 23,850 13,008

Professional fees - Legal 37,251 56,229

Rent 15,549 13,860

Service charges 552 510

Supplies 2,703 1,461

Support to National Equivalency Project 9,000 -

Telephone and postage 12,585 11,358

Wages and benefits 180,326 167,268

325,248 308,200

EXCESS OF REVENUE OVER EXPENSES $ 31,988 $ 41,663

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of OperationsYear Ended May 31, 2015 2015 2014

2015

Unrestricted

Internally Restricted

Total

Balance, Beginning of Year

$ 16,000 $ 151,441 $ 167,441

Excess of Revenue over Expenses

31,988 - 31,988

Internal Restrictions (Note 5)

( 31,988)

31,988

-

Balance, End of Year $ 16,000 $ 183,429 $ 199,429

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Changes in Net AssetsYear Ended May 31, 2015

2015

2014

LIABILITIES

CURRENT

Accounts payable $ 36,905 $ 32,827

COMMITMENT (Note 6)

NET ASSETS

Unrestricted 16,000 16,000

Internally restricted 183,429 151,441

199,429 167,441

$ 236,334 $ 200,268

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Financial PositionMay 31, 2015

2015

2014

OPERATING ACTIVITIES

Excess of revenue over expenses Item not affecting cash:

$ 31,988 $ 41,663

Amortization - 92

Changes in non-cash operating working capital items:

31,988 41,755

Accounts receivable (4,224) 2,560

Prepaid expenses 1,189 (653)

Accounts payable 4,078 (11,439)

33,031 32,223

THE COLLEGE OF OCCUPATIONAL THERAPISTS OF MANITOBA Statement of Cash FlowsYear Ended May 31, 2015


Questions about the Audit?

Statement of OperationsA comparison of 2014-2015 revenue and expenses to budget

ActualJun 1/14 - May 31/15

BudgetJun 1/14 - May 31/15

Registered OTsAnnual Registration Fees(Practising & Non Practising)

706$475/190

625$475/190

Levy $40/16 $40/16

REVENUE Member Fees Other Registration Income Investment Income Other Revenue IT Levy

$309,74120

7,229200

26,560

$298,075675

1,3440

25,000

2014/2015 STATEMENT OF OPERATIONS

ActualJun 1/14 - May 31/15

BudgetJun 1/14 -

May 31/15

REVENUERecovered Expense (rent)Recovered Expense (phone)Recovered Expense (supplies)Recovered Expense (wages)Recovered Expense (wages - contract)

$ 900444300

9,4402,402

$ 900444300

6,0002,436

TOTAL REVENUE $ 357,236 $335,174


EXPENSES Miscellaneous Council & Committee Expenses Executive Director Meeting Expenses CC Program Development Education/Training Projects Association Dues Membership Refunds

$ 2569,279

2,96422,333

09,0001,330

0

$ 256,500

4,12525,000

2,1002,0001,7002,500

ActualJun 1/14-May 31/15

BudgetJun 1/14-May 31/15


EXPENSES Office: Courier/Fax/Post/Phone Office: Supplies Office: Copying/Printing Office: Technology Upgrades & Maintenance Office: Maintenance Office: Depreciation Expense (Furniture) Office: Depreciation Expense (Computer) Casual Office Support

$ 12,5852,7032,967

1,2450

0

00

$ 12,6003,0003,500

3,000210

0

01,200

ActualJun 1/14-May 31/15



EXPENSES

Insurance Rent Bank Charges Professional Fees Professional – Legal Wages/Salary/Wages & Benefits/Source Deductions Transfer to Reserve Fund Integrated Technology Solution

TOTAL EXPENSES

NET INCOME/NET LOSS

$ 3,05815,549

55223,85037,251

125,76254,56426,656

5,332

$ 357,236

$ 0

$3,50015,536

60015,00028,500

122,25450,47125,000

6,853

$ 335,174

$ 0

2014/2015 STATEMENT OF OPERATIONSActual

Jun 1/14-May 31/15


Questions about the Statement ofOperations?

2015-2016 Budget - including a comparison to the 2014-2015 Budget


At the end of this section, you will be asked to vote on the 2015-2016 Budget.

ProjectedJun 1/15 -May 31/16

BudgetJun 1/14 -May 31/15

Annual Registration Fees(Practising & Non Practising)

$485/190 $475/190

Levy $40/16 $40/16

REVENUE Member Fees Other Registration Income Investment Income Other Revenue Discipline Levy Income

$ 316,450675

1,3440

26,000

$298,075675

1,3440

25,000

2014/2015 BUDGET COMPARATIVE

ProjectedJun 1/15 -May 31/16

BudgetJun 1/14 -May 31/15

REVENUERecovered Expense (wages - contact)Recovered Expense (wages - anticipated)Recovered Expense (rent)Recovered Expense (phone)Recovered Expense (supplies)

$ 2,436

6,000900444

300

$2,436

6,000900444

300

TOTAL REVENUE $ 354,549 $335,174


EXPENSES Miscellaneous Council & Committee Expenses Executive Director Meeting Expenses CC Program Development Education/Training Projects Association Dues Membership Refunds

$ 256,500

6,12525,000

2,1006,0001,7002,500

$ 256,500

4,12525,000

2,1002,0001,7002,500

ProjectedJun 1/15-May 31/16



EXPENSES Office: Courier/Fax/Post/Phone Office: Supplies Office: Copying/Printing Office: Technology Upgrades & Maintenance Office: Maintenance Office: Depreciation Expense (Computer) Casual Office Support

$ 12,6003,0003,500

3,000210

01,200

$ 12,6003,0003,500

3,000210

01,200

ProjectedJun 1/15-May 31/16


2014/2015 BUDGET COMPARATVE

EXPENSES

Insurance Rent Bank Charges Professional Fees Professional – Legal Wages/Salary/Wages & Benefits/Source Deductions Transfer to Reserve Fund Integrated Technology Solution

TOTAL EXPENSES

NET INCOME/NET LOSS

$ 3,50015,536

60015,00028,500

176,76326,000

8,415

$ 347,774

$ 6,775

$3,50015,536

60015,00028,500

172,72525,000

6,853

$ 335,174

$ 0

2014/2015 BUDGET COMPARATIVEProjected

Jun 1/15-May 31/16


Questions prior to the motion about any items in the Treasurer’s

Report?

Motion to Approve the 2015 - 2016 Projected Budget

Conversation aboutAnnual Report

Report of the Nominations Coordinator

Election of the Council Members

Election of the Nominations Coordinator

Appointment of the Auditor

New Business – Formal Presentation

Certificates of Appreciation

Adjournment

COTM General Meeting

Call to Order

Appointment of Two Scrutineers

Revisions to the COTM By-laws

Motion: To rescind the COTM By-laws (2012) and accept the COTM By-laws (2015) as amended.

Adjournment

Welcome to the 44 th Annual General Meeting. Call to Order.

Documents

Transcript of Welcome to the 44 th Annual General Meeting. Call to Order.