2006 Budget

We are in the process of preparing for the annual year-end audit scheduled for mid April 2007.  I have forwarded the required year-end projections to the respective Ministries.  We will receive settlement forms and guidelines, and the due date for submissions are usually not until June 30th.

2007 Budget

I attended an information meeting in Toronto on February 19th to provide instructions as to how to complete the required forms.  The cost-share arrangements for 2007 shift 75% of the funding to the Province.  The Ministry is committed to reviewing 2007 budget requests for mandatory programs within a provincial envelope that provides up to 5% in growth funding (subject to approval of 2007-08 Printed Estimates by the Legislature). 

I do not anticipate a completed budget for this month’s Board meeting.  The program directors are reviewing their staffing requirements to meet the new mandatory program revisions.  The budget is due to the Ministry by April 2nd, but they will grant an extension, if necessary, since all our Board appointments have not been finalized and I indicated our desire to review staffing in the context of the program revisions. 

I would like to discuss an additional meeting in March, if possible, to discuss our 2007 submission.

The January 2007 financial statement will be circulated at the meeting.  I have attached the cheque listing for January.  Several purchases were made at year end after consultation with our treasurer.  We were able to purchase IT equipment, ergonomic office furnishings, building security and have the building hallways painted before the end of 2006.  

Respectfully submitted,

Sharon Kelly
Director of Finance and Administration