LETTER FROM THE TREASURER

On behalf of the Board of Directors, I am pleased to report that the Board has approved the 2022-23 audited financial statements

The Institute’s auditing firm, Norton McMullen LLP, has reported that the financial statements present fairly, in all material respects, the financial position of the organization as of March 31, 2023, 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 (ASNPO)

Over the past year, the IMA leadership team focused on strategic investments that drive member value, while maintaining financial stability. We successfully leveraged technology to offer both the FTPD program and a virtual symposium- benefiting both social and financial bottom lines To ensure financial health, the office staff worked closely with the Executive Committee and Board of Directors to enhance office operations, streamline the team, optimize our ability to deliver programs in a virtual environment We also worked closely with our financial advisor to manage investments, in a turbulent market environment.

I can report that, as a direct result of these initiatives, the IMA will post an $28,263, surplus This surplus, and our strong financial standing, will support future strategic investments as we look to renew our strategic plan to continuously add value for our members

Thank you.

Ejona Balashi, B A, CMP, SFC Treasurer