2022 Annual General Meeting by GFOABC Government Finance Officers Association of BC

2022 ANNUAL GENERAL MEETING PENTICTON LAKESIDE RESORT & ONLINE

8:45 KEYNOTE | JESSE WENTE UNRECONCILED: Family, Truth & Indigenous Resistance

9:00 OPENING KEYNOTE | JESSICA NORDELL THE END OF BIAS: A Beginning

Liabilities Under Agreements

Evolution of BC Assessment's Digital Customer Experience

15:00 COLLECTORS' FORUM

15:00 INVESTING & FINANCING FORUM

Incorporating ESG into Capital Planning

A Strategic ApproachNext Generation Group Benefits

Improved Financial Reporting for LongTerm Financing

16:00 Climate Change & Resiliency Investment

16:00 Accessing Funding, Talent and Solutions

GALA & AWARDS

Social Procurement: Value for Public Money City of Kelowna's Capital Planning Journey

Group Procurement: Saving Time & Money

16:00

15:15 15:15

CleanBC & Climate Action Funding

City of Surrey's DCC Parklands

14:00

15:15

14:45 NETWORKING BREAK

14:00

13:45

PARTNER NETWORKING EVENTS

15:00 PSAB UPDATE & ROUNDTABLE

14:30 NETWORKING BREAK

13:45

13:00 PANEL: FINANCE OFFICERS' FORUM Ensuring Local Government Financial Resiliency

Assessing & Selecting Automation Solutions

11:00

13:00 UNLOCKING THE POTENTIAL OF LOCAL GOVERNMENT RESERVES

Collaboration, Data, Processes & Systems

Building a Single Source of Asset Truth

12:00 LUNCH

11:00

12:00 LUNCH

11:30 GFOABC ANNUAL GENERAL MEETING

10:30 BEYOND THE SPREADSHEET ESG & Social Purpose in Local Government

10:15 DIGITAL TRANSFORMATION IN THE PUBLIC SECTOR

9:45 NETWORKING BREAK

8:30 OPENING REMARKS | Presidents' Introduction

8:30 OPENING REMARKS | Lorraine Coughlin, President

10:00 NETWORKING BREAK

7:30 BREAKFAST

7:00 FOCUS GROUP | Leadership Competency Framework

DAY 2 - THURSDAY, JUNE 2

7:30 BREAKFAST

DAY 1 - WEDNESDAY, JUNE 1

11:45 WRAP-UP

10:45 PECHA KUCHA TIME

10:00 THE FUTURE OF WORK

9:45 NATURE BREAK

8:45 BUILD BACK BETTER

7:45 BREAKFAST

DAY 3 - FRIDAY, JUNE 3

2022 SCHEDULE AT-A-GLANCE

YOUR GFOABC MEMBERSHIP We strive to be the leading source for knowledge sharing that empowers BC local government financial excellence. By leveraging the experience and expertise of our members, government stakeholders, and partners we aim to provide programming, resources and tools that consider the full breadth of the roles and responsibilities of local government financial professionals and the diversity of experience. Every local government in BC is a member and therefore every member of the finance team can take advantage of these great benefits: • Discounts on training, the annual conference and job postings.

• Regular E-Updates and Quarterly Newsletters. • Opportunity to earn continuing professional

• “Free to Member” webinar forums.

development hours by participating committees,

• A secure Online Forum, a valuable reference,

working groups, workshop facilitation and much

communication and collaboration tool.

more.

• MemberLINK, a series of secure webpages filled with valuable content. PROGRAMMING

PRESIDENT’S REPORT Welcome everyone! On behalf of the Government Finance Officers Association of BC, I’m very pleased to welcome our members, honoured guests, sponsors, exhibitors and presenters to our Annual Conference at the Penticton Lakeside Resort & Conference Centre from June 1-3, 2022. After two years of intense challenges, what better way to begin to re-set ourselves than a traditional in-person conference experience. But, as with many things these days, it’s now “traditional with a hybrid twist”! Recognizing the benefits that virtual attendance can bring while also returning to our roots of face-to-face interaction, staff have been working very hard to bring you the best of both worlds. Regardless of how you have chosen to join us this year, we have a terrific line up to bring you. Keeping with this year’s theme of “Next Level Finance” topics will range from the End of Bias to the Digital Transformation of the Public Sector. Topical sessions on Climate Change and the Future of Work are sure to provide us with new knowledge that we can use to support the work that we do. Also included are the ever-popular technical forums as well as a panel discussion on Ensuring Local Government Financial Resiliency. GFOABC’s Mission is to promote excellence in local government through the support and development of our members. A conference such as this, as well as the educational offerings we provide throughout the year, wouldn’t be possible without the hard work of our staff, but also the support and active participation of our members, partners and sponsors. You are a crucial part of the ongoing success of our Association. We all work very hard to provide financial expertise to the communities we serve. Even as we grapple with our ever-increasing workloads, we always find the time to support each other. It’s one of the reasons I have truly valued the opportunity to be a part of GFOABC. I want to thank our membership, staff, Board and committee members, volunteers, partners and sponsors for your continued efforts building and maintaining this incredible community.

Committee Members-at-Large Komal Basatia, City of Abbotsford Chris Calder, Regional District of Fraser-Fort George Elio Iorio, District of North Vancouver Mario Piroddi, BDO Lyle Smith, Regional District of Central Okanagan

THANK YOU to those who served on the Board and committees over this past year. Your commitment to our Association has allowed us to achieve many of our strategic goals and work towards our vision to be the leading source for knowledge sharing that empow-

I’m looking forward to reconnecting with familiar faces and meeting new colleagues while exploring and learning new ideas. Enjoy the conference! Lorraine Coughlin President, GFOABC

ers BC local government financial excellence. If you are interested in serving the membership by becoming a GFOABC Board or committee member, please reach out to any of our Board members. See our About US webpage https://www. gfoabc.ca/about-us/board-staff/ for contact information.

STRATEGIC PLAN 2019–2024

our our our vision mission values

To be the leading source for knowledge sharing that empowers BC local government financial excellence.

To promote excellence in local government through the support and development of our members.

Professionalism, Leadership and Collaboration.

Our Strategic Outcomes 1

to be relevant to all of our members Provide programming that considers the full breadth of the roles and responsibilities of local government financial professionals and the diversity of experience. A. Build awareness among entire finance team about the resources and professional development opportunities B. Strengthen education and professional development opportunities C. Engage members throughout their careers and beyond

to become a center for member, government and partner dialogue

to provide value to our members through partnerships

Leverage the experience and expertise of our members, government stakeholders, and partners in building a center for dialogue on local government finance matters of mutual interest.

Encourage cross-partnership opportunities that leverage partner resources, training and reputation within GFOABC for the benefit of all stakeholders.

A. Maintain and strengthen partnership with BC government stakeholders

A. Increase collaboration between members and partners on program participation and delivery

AGENDA FOR THE 2022 AGM

MINUTES FROM THE GFOA OF BC 2021 AGM

Government Finance Officers Association of BC

2022 Annual General Meeting

2021 Annual General Meeting

Penticton Lakeside Resort & Conference Centre

Virtual Webcast

June 1, 2022 (Scheduled Commencement: 11:30 am)

May 26, 2021 (Scheduled Commencement: 11:30 am)

1. Call to Order 2. Adoption of Agenda

1. CALL TO ORDER President Trevor Thompson called the meeting to order at 11:30 am.

3. Adoption of Robert’s Rules of Order for this meeting 4. Approval of Minutes of the most recent AGM on May 26, 2021

2. ADOPTION OF THE AGENDA Motion that the Agenda of the 2021 Annual General Meeting held May 26, 2021 be approved.

5. Remarks by the President

Moved by PATRICIA HIGGINS, seconded by

6. Treasurer’s Report

PAUL ARSLAN, carried.

7. Appointment of Financial Reviewers 8. Election of the 2022–2023 Board of Directors 9. Adjournment

3. ADOPTION OF ROBERT’S RULES OF ORDER FOR THIS MEETING Motion that Robert’s Rules of Order be followed for the 2020 Annual General Meeting held May 26, 2021 be approved. Moved by KAREN SHARP, seconded by TERI FONG, carried. 4. APPROVAL OF MINUTES Motion that the Minutes of the 2019 Annual General Meeting held June 3, 2020 be approved. Moved by RICK DANYLUK seconded by TALITHA SOLDERA, carried.

MINUTES FROM THE GFOA OF BC 2021 AGM (CONTINUED) 5. TREASURER’S REPORT

As Trevor Thompson mentioned in his President’s

Nyla Attiana, GFOABC Secretary-Treasurer, pre-

Report, GFOABC conducted a revenue review to

sented the Financial Statements for the year ending

ensure that as we move forward that the organiza-

December 31, 2020. Nyla emphasized that despite the

tion is adequately resourced to meet the services that

uncertainty and challenges that everyone faced, the

the membership requires and to continue to strive for

association had a successful year.

excellence in all of our pd offerings.

Unsure of operations and how the association would

As we look forward to the 3-year financial plan, we

continue to enable knowledge-sharing among the

have continued to plan conservatively in 2021, we will

membership and supporting and promoting local

continue to use the virtual platform for the conference

government excellence, we planned for conservative

and some pd. We are hopeful that we may be back

revenues and expenditures in the face of uncertainty.

in-person later in the 2021. For 2022 and 2023, we are

With restrictions in place, professional development

planning for a more typical year, however we will have

came with significant challenges. However, thanks in

a look at this later in the year as we begin planning for

large part to care and attention of staff, the continued

the next three-year cycle.

support of our members and sponsors, we are happy to report that we exceeded expectations.

Motion that the 2020 Financial Statements be approved as presented.

While we planned conservatively for revenues, we exceeded expectations in many areas. Revenues were

Moved by TALITHA SOLDERA, seconded by

reduced over 2019, however they were higher than

TERI FONG, carried.

what was conservatively projected. The 2020 Annual Conference was quickly adapted to a virtual event as

6. APPOINTMENT OF FINANCIAL REVIEWERS

was all professional development offered in 2020,

Motion that BDO be appointed to review the 2021

including Boot Camp. Registrations remained high

Financial Statements.

throughout the year and were all well-attended. There was a corresponding reduction in expenses over 2019.

Moved by KAREN SHARP, seconded by JEANNIE

But Operations resulted in an excess in revenues of

BRADBURNE, carried.

$32,119. 8. ELECTION OF THE 2021–2022 BOARD OF With respect to the financial position, 2020 was flat in

DIRECTORS

comparison to 2019 with an increase to cash equiva-

Conducted by Trevor Thompson. Trevor reviewed

lents and equipment due to purchases.

the slate of candidates proposed by the Executive Committee for the 2021-2022 term. Calls for

Looking forward to the coming year, we will use the

nominations from the virtual floor for Director at

lessons learned in 2020 to plan for another successful

Large positions was made three times, and given that

2021 year. We will continue to support our members

there were no other nominations, Trevor declared the

in new and unique ways.

following Directors elected by acclamation:

Directors at Large

communications on this in the coming months as

• Ms. Julia Aspinall

• Ms. Kathy Humphrey

we package up the information and get it out to our

• Ms. Nyla Attiana

• Ms. Rianna Lachance

members. As this will impact your financial plans, we

• Mr. Jim Bauer

• Ms. Lenora Lee

wanted

• Ms. Jeannie Bradburne

• Ms. Talitha Soldera

to provide some awareness ahead of communications

• Ms. Lorraine Coughlin

• Mr. Trevor Thompson

as many are setting their financial plans.

• Ms. Shelley Hahn Trevor shared his appreciation for the role that Moved by CORINNE BOMBEN, seconded by

GFOABC played over the course of his career. He

KAREN SHARP, carried.

encouraged members to consider participating in and supporting GFOABC’s education offerings by hosting a

9. REMARKS BY THE PRESIDENT

workshop or providing some context in a workshop or

Trevor Thompson, GFOABC President, presented his

working group.

remarks noting that 2020 presented another year filled with uncertainty and another virtual year. Trevor

In wrapping up his remarks, Trevor expressed his grat-

acknowledged the Board and staff for their efforts over

itude to his Board colleagues noting that the relation-

the past year noting his appreciation for the support

ships developed during his time on the Board have

provided over the past year and his career.

been and will continue to be important.

Over the past year, GFOABC has made some signifi-

Under section 8.2 of the GFOA of British Columbia

cant advancements in its relations with our association

bylaws, at each meeting of the Board immediately fol-

partners through our numerous networking efforts,

lowing an annual general meeting, the Board will elect

noting the Ministry of Municipal Affairs, the GFOA of

the officers. All officers must be Directors. Officers

US & Canada’s Committee on Canadian Issues and

will hold office until the first meeting of the Board held

of our networks who make our work possible. Trevor

after the next following annual general meeting.

expressed his gratitude noting that our networks are our strength.

10. ADJOURNMENT Motion that the meeting be adjourned at 11:54 am.

Specifically acknowledging marathon efforts of GFOABC’s staff of two, the association will look at

Moved by LORRAINE COUGHLIN, seconded by

adding additional staff. We have gone through a fair

PATRICIA HIGGINS, carried.

bit of consideration looking at our revenue sources, our risks and where we want to be to best serve our members. Over the next two years we will be phasing in the costs on the membership side of things and ramping up on the program staffing side. You will see

2021 FINANCIAL STATEMENTS Government Finance Officers Association of British Columbia Financial Statements For the year ended December 31, 2020 (Unaudited) CONTENTS Review Engagement Report . . . . . . . . . . . . . 11 Financial Statements Statement of Financial Position . . . . . . . . 12 Statement of Operations . . . . . . . . . . . . . 13 Statement of Changes in Net Assets . . . . 14 Statement of Cash Flows . . . . . . . . . . . . . . 14 Notes to the Financial Statements . . . 15–19

Independent Practitioner's Review Engagement Report To the Members of the Government Finance Officers Association of British Columbia We have reviewed the accompanying financial statements of the Government Finance Officers Association of British Columbia that comprise the Statement of Financial Position as at December 31, 2021 and the Statements of Operations, Changes in Net Assets and Cash Flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Practitioner’s Responsibility Our responsibility is to express a conclusion on the accompanying financial statements based on our review. We conducted our review in accordance with Canadian generally accepted standards for review engagements, which require us to comply with relevant ethical requirements. A review of financial statements in accordance with Canadian generally accepted standards for review engagements is a limited assurance engagement. The practitioner performs procedures, primarily consisting of making inquiries of management and others within the entity, as appropriate, and applying analytical procedures, and evaluates the evidence obtained. The procedures performed in a review are substantially less in extent than, and vary in nature from, those performed in an audit conducted in accordance with Canadian generally accepted auditing standards. Accordingly, we do not express an audit opinion on these financial statements. Conclusion Based on our review, nothing has come to our attention that causes us to believe that these financial statements do not present fairly, in all material respects, the financial position of the Government Finance Officers Association of British Columbia as at December 31, 2021, and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.

Chartered Professional Accountants Kamloops, British Columbia May 20, 2022 2

Review Engagement Report

Statement of Financial Position

Government Finance Officers Association of British Columbia Statement of Operations

(Unaudited)

For the year ended December 31 Revenue Workshops Annual conference Sponsorship Membership fees Grant income Interest and other income Federal contribution wage subsidy

2021

Direct expenses Workshop expenses Annual conference

Administrative expenses Amortization Sub-contractors Executive Director Insurance Office expenses Professional fees Staffing Telephone, internet and website Travel

Excess of revenue over expenses

271,946 109,833 143,644 108,137 47,000 190 -

2020

142,981 66,313 123,750 104,275 35,000 7,721 2,735

680,750

482,775

98,709 84,615

75,044 62,519

183,324

137,563

497,426

345,212

3,587 57,056 109,326 2,314 111,937 10,044 74,098 12,605 354

2,368 109,600 2,488 73,624 11,156 100,492 13,294 -

381,321

313,022

116,105

32,190

Statement of Operations

Government Finance Officers Association of British Columbia

Statement of Changes in Net Assets

(Unaudited)

Invested in Equipment

Education Fund

For the year ended December 31 Balance, beginning of the year Amortization of equipment Excess of revenue over expenses

105,212 -

Balance, end of the year

105,212

10,463 $ (3,587) 6,876

Total 2021

General

Total 2020

405,805 3,587 116,105

521,480 116,105

489,290 32,190

525,497

637,585

521,480

Government Finance Officers Association of British Columbia Statement of Cash Flows

(Unaudited)

For the year ended December 31

2021

2020

Cash provided by (used in) Operating activities Excess of revenue over expenses $ Items not involving cash Amortization of equipment The accompanying notes are an integral part of these financial statements. Change in working capital items Decrease (increase) in current assets Increase (decrease) in current liabilities

Investing activities Purchase of equipment

32,190

3,587

2,368

(7,270) (11,333)

29,273 7,345

101,089

71,176

(10,762)

Increase in cash during the year

101,090

60,414

Cash, beginning of year

548,093

487,679

Cash, end of year

116,105

Statement of Changes in Net Assets / Statement of Cash Flows

649,183

548,093

Government Finance Officers Association of British Columbia Notes to Financial Statements

(Unaudited)

December 31, 2021 1.

Significant Accounting Policies (a)

Nature and Purpose of Association The Government Finance Officers Association (the “Association") is incorporated under the Societies Act (BC). The Association provides educational and support services to its members who primarily serve in finance positions in various levels of government in British Columbia. Under Section 149 of the Income Tax Act, the Association is exempt from income taxes.

(b)

Basis of Presentation The financial statements of the Association have been prepared in accordance with Canadian accounting standards for not-for-profit organizations.

(c)

Cash and cash equivalents Cash and cash equivalents consist of cash on hand, bank balances and investments with the Municipal Finance Authority "MFA" in a pooled investment account accessible without penalty and recorded at cost plus earnings reinvested in the funds.

(d)

Net Assets The Education Fund accounts for surpluses from education programs that have been internally restricted for use in funding the development of curriculum of further education programs. No interest is credited to this fund. Net assets Invested in Equipment accounts for funds that have been used to purchase equipment that is used in delivering education and support services curriculum or the Association’s overall general operations.

(e)

Revenue Recognition The Association follows the deferral method of accounting for contributions. Grant income received for the purpose of performing specific projects is initially deferred and recorded as revenue in the period the related expenses are incurred. Membership and sponsorship fees are recognized as revenue over the period to which they relate. Interest income is recognized on an accrual basis. Other revenue is recognized in the period the services are rendered or the events are held.

Notes to the Financial Statements 7

Government Finance Officers Association of British Columbia Notes to Financial Statements

(Unaudited)

December 31, 2021 1.

Significant Accounting Policies (Continued) (f)

Deferred Revenue Deferred revenue consists of membership, sponsorship, education, and tradeshow revenue received in advance of the applicable year and grant income not yet earned.

(g)

Financial Instruments Financial instruments are recorded at fair value when acquired or issued. In subsequent periods, investments are reported at fair value, with any unrealized gains and losses reported in operations. All other financial instruments are reported at cost or amortized cost less impairment, if applicable. Financial assets carried at cost or amortized cost are tested for impairment when changes in circumstances indicate the asset could be impaired. Transaction costs on the acquisition, sale or issue of financial instruments are expensed for those items remeasured at fair value at each statement of financial position date and charged to the financial instrument for those measured at amortized cost.

(h)

Equipment Equipment is recorded at cost less accumulated amortization. Amortization, based on the estimated useful life of the asset, is as follows: Leasehold improvements Computer equipment Equipment and furniture Software

(i)

straight straight straight straight

line line line line

basis basis basis basis

over over over over

5 3 5 5

years years years years

Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas requiring the most significant estimates include the determination of equipment and their useful life. Actual results could differ from management’s best estimates as additional information becomes available in the future.

Notes to the Financial Statements 8

Government Finance Officers Association of British Columbia Notes to Financial Statements

(Unaudited)

December 31, 2021 2.

Cash and Cash Equivalent

2021

MFA Money Market Fund MFA Short Term Bond Fund Cash

2020

450,869 60,180 138,134

433,362 77,497 37,234

649,183

548,093

The Association’s bank account is held at a Canadian chartered bank. The bank account earns interest at prevailing bank rates.

Equipment 2021 Accumulated Cost Amortization Leasehold improvements Website development Computer equipment Equipment and furniture

2020

Net Book Value

4,000 $ 10,345 10,762 3,767

4,000 10,345 3,886 3,767

6,876 -

10,463 -

28,874 $

21,998

6,876

10,463

Deferred Revenue 2020 Deferred grant income (a) Deferred sponsors

Received

Recognized

2021

19,123 $ 3,398

-$ -

- $ (3,398)

19,123 -

22,521 $

(3,398) $

19,123

(a) Deferred grant income is restricted for educational programming relating to tangible capital assets and asset management.

Notes to the Financial Statements 9

Government Finance Officers Association of British Columbia Notes to Financial Statements

(Unaudited)

December 31, 2021 5.

Financial Instrument Risk The Association's financial instruments consist of cash and cash equivalents, accounts receivable and accounts payable. It is management's opinion that the Association is not exposed to significant credit, interest rate, or liquidity risks arising from these financial instruments. There have been no changes in these risks from the prior year. Credit Risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Association is exposed to credit risks primarily from accounts receivable and manages this risk by conducting business with creditworthy parties, reviewing collectibility of accounts on a regular basis and establishing provisions when considered necessary. Interest Rate Risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Association manages the interest rate risk exposure by investing all of its funds in the MFA short-term pooled investment fund and through its investment policy which specifies permitted investments. Liquidity Risk Liquidity risk is the risk that the Association will not be able to meet its obligations as they fall due. Liquidity risk arises from accounts payable and accrued liabilities. The Association manages this risk by routinely monitoring its cash requirements. The Association prepares budget and cash flow forecasts to ensure it has sufficient funds to fulfill its obligations.

Commitments The Association's total obligations under operating lease for occupied premises, exclusive of realty taxes and other occupancy changes, are as follows: 2022 2023 2024 2025 2026

18,155 18,155 18,155 18,155 13,616

86,236

Notes to the Financial Statements 10

Government Finance Officers Association of British Columbia Notes to Financial Statements

(Unaudited)

December 31, 2021 7.

Remuneration of Directors, Employees and Contractors The Societies Act (BC) requires that the Association disclose the total remuneration paid to the Directors, for either being a director or for acting in another capacity, as well as the total number of employees or contractors with annual remuneration equal to or greater than $75,000 and the aggregate remuneration of those employees/ contractors. During the year ended December 31, 2021, the amounts paid to the Directors of the Association for acting as a director or in another capacity was $nil (2020 - $nil). A total of 1 (2020 - 1) employee/contractor received remuneration in excess of $75,000 which resulted in expenditure of $109,326 (2020 - $108,781).

Significant event During the year, the impact of COVID-19 in Canada and on the global economy increased significantly. Significant impacts on the Association were experienced in revenue in workshops, conference and sponsorships. As the impacts of COVID-19 continue, there could be further impact on the Association and its members, suppliers and other third party business associates that could impact the timing and amounts realized on the Association’s assets and future viability. At this time, the full potential impact of COVID-19 on the Association in not known. Although the disruption from the virus is expected to be temporary, given the dynamic nature of these circumstances, the duration of business disruption and the related financial impact cannot be reasonably estimated at this time. The Association is planning on holding a hybrid annual conference in 2022 while planning for resumption of full in-person programs should the current public health orders continue to allow.

Notes to the Financial Statements 11

TRIENNIAL FINANCIAL PLAN 2022–2024 Government Finance Officers Association of BC Triennial Financial Plan For The Years 2022 - 2024

REVENUE

Yearly Budget 2022

2023

2024

4000 4010 4030 4090

Conference Income Registrations Trade Show Total Conference Income

112,857 43,000 155,857

141,071 43,000 184,071

112,857 43,000 155,857

4095 4110 4120 4130 4135 4140 4160 4195

Other Income Grant Income Interest Revenue Memberships Affiliations Sponsorships Charitable Giving Revenue Total Other Income

30,975 6,000 166,026 2,674 102,900 308,575

30,975 6,000 221,368 2,808 117,600 378,751

30,000 6,000 232,436 3,216 117,600 389,253

30,000 40,000 83,000 34,000 187,000

14,470 40,000 83,000 34,000 171,470

30,000 40,000 83,000 34,000 187,000

4199 Education Program Income 4200 Accounting & Audit 4210 Advanced Financial Leadership 4220 Bootcamp 4270 Workshop Revenue (PD week) Finance Officers Association of BC 4304 Government Targeted Programs Triennial Financial Plan 4335 Webinars For The Years 2022 - 2024 4999 Total Education Program Income TOTAL REVENUE

651,432

2022

Yearly Budget 734,292

2023

732,110

2024

EXPENSE 5000 5004 5005 5006 5010 5015 5020 5025 5030 5035 5090

Conference Expenses Facility Rentals Hotel Trade Show Travel Audio Visual Entertainment Meals Misc. Conference Speakers Total Conference Expenses

5100 Workshop Expenses 5150 Workshop Expenses 5190 Total Workshop Expenses 5199 5210 5220 5283 5304 5335 5399

Education Program Expenses Advanced Financial Leadership Bootcamp Program Development Costs Targeted Programs Webinars Total Education Program Expenses

ADOPTED: January 21, 2022

5,000 3,000 2,000 20,000 5,000 70,000 25,000 20,000 150,000

5,000 3,000 2,000 25,000 5,000 80,000 25,000 20,000 165,000

5,000 3,000 2,000 20,000 5,000 70,000 25,000 20,000 150,000

38,180 38,180

24,000 18,400 30,000 13,600 86,000

24,800 30,000 13,600 68,400

24,000 24,800 30,000 13,600 92,400

Triennial Financial Plan 2022–2024 ADOPTED: January 21, 2022

Government Finance Officers Association of BC Triennial Financial Plan For The Years 2022 - 2024

Yearly Budget 2022

2023

2024

5400 5410 5420 5430 5450

Administration Costs Board of Directors Meetings Board of Directors Other Board of Directors Travel Total Board of Directors

7,236 1,239 2,081 10,556

5500 5510 5517 5520 5522 5525 5530 5535 5540 5545 5550 5555 5560 5565 5570 5575 5580 5590 5592 5593 5595

Office Expense Bank Charges Communications Computer & Database Courier & Postage Executive Director Travel Furniture & Equipment GFOA International Fee Insurance Meals Misc. Office Lease Office Supplies Office Telephone & Internet Payroll Service Fee Prof. Fees Accounting Government Finance Officers Association of BC Prof. Fees Legal Publications Triennial Financial Plan Recruitment For The Years 2022 - 2024 Scholarship Expense Staff Membership Fees

8,976 9,322 11,095 11,100 8,774 8,950 450 459 816 832 1,104 1,126 2,264 2,309 276 282 10,552 10,628 19,128 19,893 2,208 2,252 3,633 3,895 741 755 17,300 17,316 1,555 1,586 552 563 1,950 Yearly Budget 1,950 1,629 1,662

2022 5600 5605 5607 5610 5650

Staff training Travel Office Staff Website Expense Worksafe BC Total Office Expense

7,381 1,264 2,122 10,767

2023

7,528 1,289 2,165 10,982

9,022 11,105 9,129 469 849 1,149 2,355 287 10,706 20,688 2,297 4,163 771 17,332 1,617 574 1,950 1,695

2024

2,208 2,208 17,349 287 115,055

2,252 2,252 17,696 291 117,373

2,297 ADOPTED: January 21, 2,297 18,050 295 119,099

281,489

292,047

300,680

29,000

21,500

19,000

425,544

430,920

438,778

TOTAL EXPENSE

710,279

713,267

730,340

NET INCOME (DEFICIT) BEFORE RESERVES

(58,847)

21,025

1,769

58,847

(21,025)

(1,769)

58,847

(21,025)

(1,769)

5800 Total Payroll 59XX Total HR Contracts 5999 Total Office & Admin. Expenses

3100 Transfer from (to) Reserves 3020 Transfer from Building Reserve TOTAL TRANSFERS FROM RESERVES NET INCOME (DEFICIT)

Triennial Financial Plan 2022–2024

GFOABC BOARD OF DIRECTORS NOMINATIONS FOR 2022–2023 The Nominating Committee recommends the following slate of candidates: Directors at Large Ms. Julia Aspinall, Director, Financial Services / Deputy Director of Finance, City of Vancouver Ms. Nyla Attiana, Director of Financial Services, District of Tofino Ms. Jeannie Bradburne, Director of Finance, Nanaimo Regional District Ms. Lorraine Coughlin, Manager of Financial Services, Town of Gibsons Mr. Elio Iorio, Manager of Financial Services, District of North Vancouver Ms. Kathy Humphrey, Director of Corporate Services, City of Kamloops Ms. Rianna Lachance, Senior Manager Financial Services, Capital Regional District Ms. Talitha Soldera, Assistant Manager, Planning, Cowichan Valley Regional District Note: Under section 5.4 of the GFOA of British Columbia bylaws, the Board will be comprised of: a. Two (2) directors appointed by each of the Founding Entities; and b. A Minimum of four (4) and a maximum of ten (10) Elected Directors The Founding Entities appointees for director for 2022–2023 are Shelley Hahn, MFA and Lenora Lee, KPMG. Under section 8.2 of the GFOA of British Columbia bylaws, at each meeting of the Board immediately following an annual general meeting, the Board will elect the officers. All officers must be Directors. Officers will hold office until the first meeting of the Board held after the next following annual general meeting Officers Past President: Ms. Lorraine Coughlin, Manager of Financial Services, Town of Gibsons President: Ms. Nyla Attiana, Manager of Financial Services, District of Tofino Vice President: Ms. Rianna Lachance, Senior Manager Financial Services, Capital Regional District Secretary-Treasurer: Talitha Soldera, Director, Financial Services, District of North Cowichan

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