Annual Report 2015-2016

2015 ANNUAL GENERAL MEETING MINUTES
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No errors or omissions were noted in the Minutes from the June 11, 2014 AGM. Don
S. Motion. Rob M. 2 nd . Minutes Approved.
Craig S.
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Craig S. presented the President’s Report, as written in the 2014-2015 Annual
Report, highlighting the successes over the past year and the potential for on the
ground improvements later in 2015. The President thanked Graeme S-R for this
excellent work in his new role as Executive Director and thanked Tim V. for his help
during the transition.
Craig S.
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Graeme S-R presented the Executive Director’s Report and highlighted the
transition from an era focused primarily on achieving Saint John Harbour Cleanup, to
a new era where we are measuring recovery not ramifications, and opportunity not
obsolescence. He noted that ACAP is now able to refocus on the sustainability of the
Greater Saint John region, on issues of Climate Change and wellness, on restoring
and conserving habitat, and on redefining how urban green space is preserved and
enjoyed.
He suggested that having undergone the first transition of our Executive Director
position in over a decade, he wished to personally thank Tim Vickers for not only his
service to ACAP Saint John and our community at large, but also for his guidance to
becoming Executive Director of the organization.
Graeme noted the great performance of the summer students, opening the floor to
staff introductions and short presentations on the work that they will undertake over
the coming months.
Graeme
S-R.
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The 2014-2015 financial statements were presented in the Treasurer’s Report by
Graeme S-R., in the absence of Jean M., who described how total revenues
($237,242) increased by 4.5% versus the previous year thanks to a late year
(February, 2015) funding announcement from Environment Canada. Combined with
reductions of $20,512 (from $259,227 to $238,715) in total expenditures, helped
further reduce the initial projected budget deficit of < $53,000 down to a year-end
deficit in expenditures of $1,473. Most significant reductions in expenditures across
the various projects can be attributed to the cutting of administrative salary following
the transition from two full-time positions to a single Executive Director beginning in
November, 2014 on through March 31, 2015.
The Minto investment proved once again to be a liability due to poor market
conditions. The amount of the initial loan was $65,040 which represented 60% of the
market value of the property, and ACAP continues to incur ongoing expenses to
maintain and to improve the property to a more marketable condition (approximately
$5,000/year).
Terry C. motioned that ACAP retain the services of Wilshaw & Associates to conduct
the 2015-2016 Financial Audit. Second Craig S. Motion Passed.
Terry C. moved for the acceptance of the Treasurer’s Report, Neil P. 2 nd . Treasurer’s
Report Approved.
Graeme
S-R.
4 Annual Report 2015-2016