PRESIDENT'S MESSAGE sacha imbert, president - Society
PRESIDENT'S MESSAGE sacha imbert, president - Society
PRESIDENT'S MESSAGE sacha imbert, president - Society
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oary macdonald<br />
TREASURER UPDATE<br />
UNIVERSITY OF OTTAWA FINANCE<br />
SOCIETY CFA AMBASSADOR<br />
Roary Macdonald is currently entering his 4th year in the Telfer<br />
School of Management at the University of Ottawa. Through a<br />
partnership with the Finance <strong>Society</strong>, he will represent the school<br />
and act as an ambassador for the CFA Institute for the upcoming<br />
year. The first role of its kind for the CFA Institute, its main<br />
responsibility will be to facilitate the student body in actively<br />
pursuing their CFA designation upon completing their bachelor’s<br />
degree. Through actively communicating with his peers, and establishing<br />
a network of current CFA Charterholders, his goal is to<br />
increase the level of commitment to this designation by bridging<br />
these two worlds.<br />
Name: Roary Macdonald<br />
Age: 21<br />
Hometown: Kingston, Ontario<br />
School: University of Ottawa, 4th year<br />
Program: Commerce, w/ Co-Op<br />
E-Mail: roary.macdonald@financesociety.ca<br />
CFA Ottawa <strong>Society</strong> 2011/2012 fiscal year-to-date results have tracked according to plan. At January 2012 our cash and equivalents<br />
balance stood at over $165,000. Having a strong surplus at this time is important given the cash outlays associated with hosting<br />
several spring lunches and the annual forecast dinner in March. The forecast dinner was a resounding success financially, bringing<br />
in a record number of table sponsorships. The <strong>Society</strong>’s revenues remain a function of regular CFA Institute funding, membership<br />
dues, employment postings, and cost-neutral programming. CFA Institute funding was down slightly year over year due<br />
to a new funding formula; this has not impacted our cash position materially.<br />
In 2011/2012 we continued to follow a treasury management policy for CFA Ottawa that was approved at the board level in<br />
2010. This provides clear guidelines and policies regarding deployment and management of surplus funds going forward as<br />
well as the cadence and mechanics of reporting to the board. We continue to seek ways to streamline the payment process for<br />
events, and we believe the Paypal and Eventbrite platforms help streamline the payment flows into the society and make cash<br />
management easier.<br />
Our goal is to continue to find ways to effectively deploy our capital and bring value added events and programming, and use<br />
society funding to help keep costs to members down.<br />
We welcome any questions or feedback on the current fiscal position. Have a great summer!<br />
Robert Pelletier, Treasurer<br />
CFA Ottawa <strong>Society</strong>
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