Treasurer Report

Embrace Complexity

We know that supporting people’s citizenship is complex. Through creativity, determination and collaboration we can tackle any challenge.

Navigating COVID-19 Together

COVID-19 has created all kinds of new challenges and uncertainty for us to navigate as a Skills community but together we have worked quickly to change daily routines and practices in an effort to safeguard everyone’s health. This includes creating new policies and procedures to reflect information from health authorities, reducing or changing the way families and friends visit loved ones and packaging and delivering PPE and supplies to houses. Leadership has also adapted to working remotely.

It hasn’t been easy but we are so grateful for all these efforts on the part of everyone in our Skills community. Together we are embracing complexity, navigating uncertainty, and helping to keep one another healthy and safe.

TREASURER REPORT

The 2019/2020 fiscal year for Skills Society has ended on a positive note. We have ended the year with a small surplus for the year. Skills Society recorded just over $22.06 million revenue in the current year which was $202,000 higher than the original budget. Total expenses for the year were $21.99 million, or $157,000 higher than budget.

Skills Society has a surplus prior to amortization and casino of $163,000 in the current year, compared to a deficit of $21,000 reported in 2019. After amortization and casino, Skills recorded a surplus of $74,000 in the current year compared to a deficit of $141,000 in the prior year.

Looking ahead to the 2020/2021 year, Skills Society is anticipating a balanced budget. All government contracts are now three year terms which should help to provide stability to our major source of funding.

Rochelle Mitchell, CPA, CA Treasurer

Staff working hard to prepare packages of PPE to go out to the homes of the people we serve.