Two Pens on Notebook

ANNUAL GENERAL MEETING AGENDA & FINANCIAL REPORT

Askennonia Senior Centre 33rd AGM
Zoom Meeting - November 23, 2021

President, Mike MacRae welcomed everyone to the 33rd Annual General Meeting.

 

President’s Report: Mike MacRAE

 

Executive Director’s Annual Report: Judy CONTIN

 

Secretary’s Report – Sharon ANDERSON review the Minutes of the Annual General Meeting held on zoom October 20, 2020. Motion to approve.

 

Treasurer’s Report – Ruth THOMPSON Adoption of the Audited Financial Statements for 2020 as printed – attached. Motion to approve.

 

Appointment of KBFP LLP, Chartered Professional Accountants as Auditor for 2021 -2022 for a fee of $6500 plus HST. Motion to approve.

 

Nominating Committee for 2022-2023 are Christel SCHAFER & Donna CAMPBELL

President: Mike MACRAE

Vice President: Ruth JEANNOTTE S

ecretary: Marisa ESPOSITO

Treasurer: Ruth THOMPSON

Members-at-Large: Pat SCHOFIELD, Nedra DEVENYI, Herb PROUDLEY Sharon ANDERSON, Kimberly DUSOME, Barbara GIRARD

Larry Smith, Ruth Brown going off board, with thanks for their service. Motion to accept Nominating Committee Report.

 

New Business: President, Mike MacRAE

 

Ontario has updated the rules for not-for-profit corporations under the Not-for-Profit Corporations Act, 2010 (ONCA), that came into effect October 13 2021.: Under the new regulations, some non-profit public benefit corporations (like us) that have a revenue between $100K and $500K (like us) will be allowed to use a “review engagement” in place of an audit.

 

This less stringent and less expensive look at our operations is now recommended under the Not-for-Profit Corporations Act, 2010.

 

This audit that we have reviewed today for 2020 cost the organization $10,283. The only funder that currently requires a full audit is the Ontario Ministry of Seniors for the operating funding they provide us - $42,700. The audit cost nearly 25% of the funds they contribute for the year.

 

The approval to waive an audit in favour of a review engagement requires an extraordinary resolution, with approval from at least 80% of the votes cast. It’s a good thing to have in place should the province decide to follow the recommendations in their Act.

 

I’ll make a Motion to approve to waive an audit in favour of a review engagement. Could I have a seconder?

 

Are there any questions.

 

You have heard the question. All those in favour? ____________ Opposed? ____

 

Adjournment

AGM Zoom Meeting - October 20, 2020

President,  Mike MacRae welcomed everyone to the 32nd Annual General Meeting.

 

President’s Report: Mike MacRAE

 

Executive Director’s Annual Report: Judy CONTIN

 

Secretary’s Report – Sharon ANDERSON moved that the Minutes of the Annual General Meeting held on March 27, 2019 be approved.  Seconded by Kim DUSOME.  Motion was carried.

 

Treasurer’s Report – Ruth THOMPSON

Adoption of the Audited Financial Statements as printed – attached.

Moved by:  Ruth THOMPSON.  Seconded by:  Ruth JEANNOTTE

Motion was carried.

 

Appointment of Owen Quilty, Chartered Professional Accountants as Auditor for 2020-2021 for a fee of $6500 plus HST.

Moved by Ruth THOMPSON

Seconded by:  Herb PROUDLEY

Motion was carried.

 

Nominating Committee Report 

Nominating Committee for 2020/2021 are Kim DUSOME and Christel SCHAFER

President:   Mike MacRAE

Vice President:   Herb PROUDLEY

Past President:   Larry SMITH

Secretary:   Sharon ANDERSON

Treasurer:   Ruth THOMPSON

Members-at-Large: Ruth BROWN, Pat SCHOFIELD, Nedra DEVENYI,

Ruth JEANNOTTE, Marissa ESPOSITO, 

Marilu MITCHELL (Going off Board with thanks for service) 

 

Kim DUSOME moved that the Nominating Committee Report for 20/2021 be accepted.

Seconded by:  Pat SCHOFIELD.  Motion was carried.

New Business:  President, Mike MacRAE – None

 

Adjournment moved by Mike MacRAE.  Carried.

 

Presentation by The Villa Nursing Home.