Secretary/Treasurer Report


First, although we are nearing the end of 2009, the year-end financial report is for 2008. Several people from our association did their best to stay on top of the financial reporting during a bumpy year. At the end of it, it was left to me to try and make sense of what transpired financially within our association. The learning curve has been a steep one for me. Thank you to the board for their tremendous support during this past year. I have tried my best with the help of Rita Tully CGA to clean up the 08 books and start fresh in 09. It was a challenge to put all the expenses and income into the appropriate categories without having first hand knowledge of where they originated. Those that pitched in to keep the association running during its time of transition did their best to leave a paper trail for me to follow. We are showing a loss for the year. Primarily because the Image Salon and Convention cost more to put on then they brought in. Although the numbers are not all in at the time of writing this report, I feel confident that this will not be the case in 2009. Rita Tully has been instrumental in getting PPOC-MB in compliance in a number of ways. There was an issue with our GST filing that has now been resolved and our 2000 and 2001 corporate tax returns were prepared but never filed with Revenue Canada. That situation has also been rectified. The future looks bright! We have started fresh for 09, essentially creating a new company in QuickBooks (our accounting software). We will be able to track our income and expenses with a greater degree of accuracy and comprehension than before. The proposed Budget for 2010 is based on numbers from the last 2 years. I have also tried to anticipate the needs of the association for the coming year. Two areas I would like to highlight are an increase in contract services for updating our website and for Education as we have heard from many of you that this is an area of great importance to you. Your input is vital to making our association work for you now and in the future. We need people who want to make good things happen! Thank you to the entire membership for your trust and support. Should you ever have any questions about the finances of PPOC-MB please don’t hesitate to ask me. I will always do my best to answer you completely and honestly.



Respectfully submitted,

J.J. Ali