Donald
Teuma-Castelletti
SHAWVILLE Oct. 21, 2017
A surplus in the Western Quebec Literacy Council’s (WQLC) revenue for 2017 marks a significant portion above the projected budget – but it comes with a price.
The WQLC listed a 48.83 per cent surplus at their annual general meeting Saturday morning, while also unveiling their new logo and introducing the latest executive director.
With their 2017 expected income listed at $88,453, their year-end revenues (ending June 30, 2017) far exceeded this at $131,641. Peter Smith, the group’s accountant, warned them that though this looks good on paper, for a non-profit organization it could be bad.
He further explained that an excess amount of cash for a NPO could be worrisome for the following year, as grant agencies may decide that they do not need more money. He also said that having a deficit is not necessarily a terrible thing.
“It’s never good to have too much money in the bank account,” said Smith. “NPOs are not in the business of accumulating funds, but providing services.”
Smith also detailed some of the more glaring aspects of the finance report, including spending on new office equipment and outreach consultations. He said that the $3,410 spent on office equipment may be jarring over the $500 budget allocated, but because computer systems are written off the same year they’re purchased, this isn’t a worry. As well, no budget was allocated for outreach consulting in 2017, but the spending is only slightly higher than what was spent in 2016, so this is a value they generally expect.
He also advised the group to be wary of two expenses going forward – rent increases and volunteer retirement savings plans. The WQLC, previously residing in Shawville, has rented office space in Campbell’s Bay on a five-year rental agreement from Oct. 1, 2017 through till Sept. 30, 2022, with rent increasing year-upon-year.
“You don’t see [these] liabilities in future years,” said Smith. “Some are off the balance sheet.”
Following the breakdown of finances, WQLC President Deborah Powell continued the meeting.
“In terms of a year, I don’t think we’ll have another year like this,” said Powell.
Her speech highlighted the hiring of new executive director Michèle Gagnon, the retiring of previous executive director Marilee DeLombard, the sudden increase in funding that affected their receipts and the passing of WQLC vice president Michael Chabot.
Gagnon then took over to unveil the new logo for the group, explaining that it represents a compass pointing west, while also resembling a book opening.
She then proceeded to distribute certificates to members for various distinctions. Among those receiving were DeLombard for her years of service and dedication, as well as Peter Gauthier for his serving on the board and continuous tutoring. Gauthier is stepping down as treasurer but will continue to volunteer in tutoring capacities.
A guest speaker helped round out the morning meeting.
Martin Riopel, principal at Jardin Éducatif du Pontiac, gave a description of their work at the farm, as they assist struggling students to achieve success. He explained that they not only help the kids succeed in their studies, but to develop appropriate social and work skills. The group had plenty of questions for him and their work.
The meeting was held at Café 349 in Shawville, and started at 10:30 a.m. on Saturday. It was followed by a lunch, dessert and networking opportunity.
