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Treasurer’s Update by Dolores Flynn

Treasurer’s Update by Dolores Flynn

Inclusion Canada Newfoundland and Labrador is now into the 4th quarter of our fiscal year. I am happy to report that as we near this year-end, April 1, 2021, to March 31, 2022, we are in a very positive and sound financial situation.

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We continue to work on a variety of projects aimed at improving the lives of persons with intellectual disabilities and their families throughout the province. Inclusion Canada Newfoundland and Labrador continues to be active with several different financial accounts that include our core funding as well as a variety of provincial and federally-funded projects. All projects have different mandates and outcomes and operate under different guidelines and time frames.

Since the last Treasurer’s Report, we have also been active in other financial matters including a review of our Financial Policy Manual to make it current, transparent and relevant to our dayto-day operations, met with the Bank of Montreal and Hancock Financial to review our investment portfolios, and are currently reviewing payroll options to help mainstream and address ongoing costs.

All projects are currently operating within their budgets and expenditure allocations and are on target for their respective timelines of completion. Any surplus funding that is now identified is allocated for further ongoing project and community development work.

As Inclusion Canada Newfoundland and Labrador approaches the end of a very active year, we are optimistic that our work will continue to identify and help resolve major issues with, and on behalf of, individuals and families throughout the province.

I wish to thank Hope Colbourne, Executive Director, Nigel Cose, Accountant, and members of the Finance Committee (Dennis and Ray) for their support and guidance on all financial matters.

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