INIG Financial Report and Analysis for AGM 2016

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PROFIT & LOSS- FISCAL YEAR JANUARY 1ST-DECEMBER 31ST  2015

  1. For the 2015 fiscal year INIG posted a deficit of $2,815.00.

*  Membership dues received from the RNAO were down by almost $1,600.00

*  Last year’s AGM was expensive -There was an increased cost of approximately $1,200.00 over the previous year.

* INIG’s investment in the new/upgraded website cost $1,665.00

Hopefully INIG will see a modest turnaround this year.

BALANCE SHEET- YEAR END 2015 WITH COMPARISON FOR  2014

INIG has a total net equity of $11,543.00 which is still good, but we will want to try and rebuild that during this year

Note the $505.00 in registration fees from the symposium shows on this report. These funds were moved into the INIG account during March 2016.

Year to date report Jan -April 2016
Report #3:  INIG’s current year’s Profit & Loss (activity from January 1st to April 30th of the current year is only for reference.
In essence, INIG is doing OK, the current year’s membership fees received so far are virtually equal to the same point last year. INIG has had minimal activity for the year therefore expenses are very modest so far.  So, unless we have very large costs coming through for this AGM/meeting, INIG should be OK.

Respectfully Submitted

Philicia E Joseph INIG Finance Officer.
 

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