ANNUAL REPORT 2011 - 2012 - Oakville Parent Child Centre

Treasurer’s Report
On behalf of the Board of Directors of the Centre, I am pleased to report that
the Centre finished the 2012 fiscal year with a balanced budget. Our Executive
Director Robin Garell continues to find innovative ways to make our limited
financial resources go further and expand services to the Oakville community
while our funding remains largely unchanged.
The Centre continues to have three distinguished partners that we rely on for
ongoing support. Without their support in the past and into the future, the Centre
would not be what it is today. These are the Ministry of Children and Youth
Services, the Regional Municipality of Halton and the United Way of Oakville.
Thank you very much for your support.
To those who have donated both their time and financial resources to the Centre
over the last year, the Board thanks you for your continued support and helping
us ensure that all families in Oakville are able to access our services.
Approximately 80% of our funding comes from two sources: The Ministry of
Children and Youth Services (MCYS) and Program Fees. As funding from MCYS
has remained flat over the last ten years and we want to ensure our program
fees remain affordable for all families in Oakville, we are always looking for new
ways to support the Centre and expand existing services. In the coming year,
the Board is committed to working with Robin to seek out, establish and nurture
partnerships and funding from community businesses and members to keep up
with the continually growing demand for our services.
This annual report contains a summary of the Centre’s revenues and expenses for
the year ending March 31, 2012. The summary shows a surplus of approximately
$20,000 from revenues of $1.6M. Additional details about our financial results and
financial position can be obtained from our audited financial statements which
are posted on our website. Our statements were audited again by SB Partners
LLP. SB Partners LLP were re-appointed as our auditors for the 2013 fiscal year.
The Board remains committed and actively engaged in governing the Centre to
ensure its financial longevity in providing the Oakville community with desirable
and useful services. In the upcoming year the Board expects that the Centre will
continue to operate with a balanced budget.
Christopher J. Alexander, CA, CBV
Treasurer