ANNUAL GENERAL MEETING REPORT | 26
Report from the Treasurer
For the Fiscal Year Ending December 31, 2013
Report from the Treasurer
***PLACEHOLDER CONTENTYear Ending December 31, 2010
For the Fiscal BELOW***
The purpose of this report is to provide a brief overview of the financial results of Community Options – A
Society for Children and Families for the year ended December 31, 2010 as reported in the audited
financial statements. The audit for 2010 was completed by Darryl Borle Professional Corporation and
was stated in his opinion, the financial position and the operations of Community Options – A Society for
Children and Families, as of December 31, 2010 was presented fairly in accordance with generally
accepted accounting principles.
Community Options ended the year in an overall operating surplus position of $104,910 (2009-$102,634)
The Society continues to take steps to monitor the operating costs of all programs and to search for new
sources of funding to help continue to provide the expected services for our programs operated by the
Society.
We realize that the Society must still remain on a cost reduction objective in order to ensure the longterm viability and sustainability of the Society and its objectives.
What follows is a summary report with figures in this report taken from Community Options’ Combined
Audited Financial Statements for the year ended December 31, 2010. Our Society operated programs
with two separate fiscal year ends: August 31 For Community Preschool Education and December 31
for all other programs.
Funding
Community Options received about 86.26% of its revenues from a variety of government funding. This is
primarily Alberta Education funding for the Community Preschool Education Program which serves
children with disabilities and their families.
Parent fees and fee subsidies provided additional revenues along from the City of Edmonton Family and
Community Support Services program. Donations and grant monies provide additional support for
programs. Program participants, volunteers, Board members and staff took part in a range of
fundraising activities during the year. We appreciate their efforts and offer them our sincere thanks.
2010
Revenues
Government Funding
$3,192,921
% of
2009
gross
86.26%
$ 3,185,450
% of
gross
87,26%
Province of Alberta
$ 2,960,377
$
2,857,260
City of Edmonton FCSS Grant and Fee Subsidies
$
205,458
$
29 K ̂