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The prominent maple leaf and red and white colour scheme is uniquely and proudly symbolic of this country.


Financial

Report


Treasurer’s Report Treasure r’s Re p o rt f or 2 0 0 5 2005 H igh ligh ts Con t in u ed F isc a l Pru dence

A small increase in membership revenue, holding the line on expenditures, and several important donations resulted in another year of surplus for 2005. In 2004 the national portion of dues for FGDC, MGDC and LGDC members were increased, and, although the total membership revenue increased we saw a slight drop (-1%) in paid members that year. In 2005 the rates were maintained at the same level and the number of paid members increased 6%, from 787 to 836. Membership revenue increased 2%, from $140,681 to $143,203, and the net national dues portion of that revenue increased 3%, from $83,265 to $86,041. Careful management of expenses resulted in the very small increase of $304 in total expenditures in 2005, from $139,853 to $140,157.

134 | Financial Report

2005 Membership Dues, Distribution Chapter dues

National dues

2 0 0 5 N at i o n a l P o r t i o n o f D u e s , D i s t r i b u t i o n Wages Insurance Bank charges Scholarships Promotion

Meetings

Icograda dues Accounting & legal Office

Website


Incr eased Net Assets

The amount of the accumulated profits and losses which have been generated since the incorporation of the GDC is identified on the Audited Balance Sheet Statement as Net Assets. It balances with the total assets, such as cash in the bank, less liabilities, and is available to cover any future losses which may be generated by the organization. The 2005 earnings increase the Net Assets to $21,155. T e n Y e a r S ta t e m e n t o f E a r n i n g s (d e f i c i t), Sh ow i n g B a l a n c e o f N e t A s s e t s YEAR EARNINGS NET ASSETS NOTES

Balance forward 1996

$ 15,007

$ 15,926 30,933

unaudited

1997

1,385

2,318

unaudited

1998

9,808 42,126

unaudited

1999

5,210

47,336

unaudited

2000

15,365 63,064

unaudited, restated by auditor

2001 (23,847) 39,217

audited

2002 (20,173)

audited

19,044

2003 (10,800)

8,244

audited

2004

4,487

12,731

audited

2005

8,424

21,155

audited

Balance ending

$ 21,155

Financial Report | 135


Thanks S p e cial T h an k s t o S u b u r b ia A dv e r t i s in g :

Principal  Mary-Lynn Bellamy-Willms mgdc Concept & Design  Jeremie White mgdc Typesetting & Production  Alice Young Concept & Writing  Grant Fraggolosch Project Management  Marcel Zierfuss Photography Support  Ben Johnstone Research & Additional Writing  Heather Libby Proof-Reading & Support  Jenna Hudson T h an k s t o :

Coordination & Research  Peggy Cady mgdc Consultation  Matt Warburton fgdc Research support  Brian Donnelly, Melanie MacDonald, Tiit Telmet fgdc Photography & Retouching  Grant Waddell Proof-Reading  Jillian Boulton

164 | Credits


Production Notes  Designed and typeset using Adobe CS2 at Suburbia Advertising, Victoria, BC Type  Serif: Cartier, Sans-Serif: Brown Paper  Stora Enso, FSC Certified Centura Matte Printing  Benwell Atkins, Vancouver, BC Binding  Pacific Bindery Services, Vancouver, BC We, the GDC, advise that the use of trade-marks and copyrighted material of third parties in this Annual Report is for the noncommercial, non-profit use of GDC stakeholders and a format by which to present GDC’s economic information. We have credited the owner or creator of the material wherever possible and make no claim of ownership, affiliation or endorsement by the owner or creator. We apologize if the GDC has missed a credit or misnamed an entity in a credit. No infringement or passing off is intended. ©2006 Society of Graphic Designers of Canada (GDC). All rights reserved. Printed in Canada.


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