2016 Treasurer’s Report

OPCA Director Bill Rathwell

OPCA Director Bill Rathwell

OPCA financials

  • Presented audited financials for FY2015 AND FY2014 (OPCA FINANCIALS 2015-AUDITED)
  • Auditor report provided – shown the financials are in accordance with Canadian accounting standards for non profit organizations
  • Since the association has grown, timeline constraints for presenting audited financials for FY2016, will be presented AGM 2017 or sooner

OPCA Investment

  • The Board adopted an investment plan and have invested $500,000.00
  • The policy is based on an annual return of 5.2% with the following allocations

OPCA asset allocation