ANNUAL REPORT

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26 COLLEGE OF MIDWIVES OF ONTARIO Summary Statement of Financial Position March 31 2016 2015 $ $ ASSETS Current assets Cash and cash equivalents 1,139,898 1,459,166 Accounts receivable 184,057 320 Prepaid expenses 60,754 30,876 1,384,709 1,490,362 Capital assets 241,521 47,494 Intangible assets - 6,250 LIABILITIES 241,521 53,744 1,626,230 1,544,106 Current liabilities Accounts payable and accrued liabilities 212,041 265,122 Deferred membership fees 693,020 618,692 Deferred course fees - 74,763 Deferred project funding 11,800 11,800 Due to the Ontario Ministry of Health and Long- Term Care - Regulatory Policy Unit - 275,116 916,861 1,245,493 Deferred funding related to capital assets - 5,578 Deferred lease incentives 76,563 - NET ASSETS 993,424 1,251,071 Invested in capital and intangible assets 201,921 48,166 Internally restricted 10,000 10,000 Unrestricted 420,885 234,869 632,806 293,035 1,626,230 1,544,106
27 COLLEGE OF MIDWIVES OF ONTARIO Summary Statement of Operations Year ended March 31 2016 2015 $ $ Revenues Government grant - operations 840,500 626,100 Government grant - project funding 206,815 204,491 Government grant - capital and intangible asset funding 5,578 1,860 Membership fees 1,381,995 1,239,025 Administration and other fees 52,820 61,686 2,487,708 2,133,162 Expenses Salaries and benefits 1,084,841 852,480 Professional fees 93,917 76,244 Council and committees 167,265 184,608 Office and general 176,496 153,588 Rent and utilities 122,541 71,721 Quality assurance program 44,944 19,593 Investigations and hearings 119,446 175,067 Membership dues and fees 26,706 27,779 Information and communications technology 117,517 77,457 Birth Centres 174,650 168,994 eHealth Ontario 32,165 - Amortization - capital assets 24,826 8,303 Amortization - funded capital assets - 1,860 Amortization - intangible assets - 2,678 2,185,314 1,820,372 Excess of revenues over expenses before the following 302,394 312,790 Loss on disposal of capital assets (5,442) - Loss on disposal of intangible assets (6,250) - Loss on impairment of capital assets - (5,838) Intubation course revenue 138,114 - Intubation course expenses (89,045) (81,810) 37,377 (87,648) Excess of revenues over expenses for year 339,771 225,142
Page 1 and 2: The College of Midwives of Ontario
Page 3 and 4: 3 2015-2016 Annual Report Table of
Page 5 and 6: 5 Our Vision Every woman in Ontario
Page 7 and 8: Message from the President 7 On beh
Page 9 and 10: 9 Policies and Standards Approved b
Page 11 and 12: 11 Lilly Martin, RM Professional Me
Page 13 and 14: 13 Registration The Registration Co
Page 15 and 16: 15 Registration 2015-2016 Committee
Page 17 and 18: 17 Discipline The Discipline Commit
Page 19 and 20: 19 Inquiries, Complaints & Reports
Page 21 and 22: 21 Quality Assurance The Quality As
Page 23 and 24: 23 Client Relations The Client Rela
Page 25: 25 2015-2016 Financial Statements
Page 29: Thank you. The College of Midwives

ANNUAL REPORT

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