Canadian Dam Association Bulletin - Winter 2019 - 34

CDA breaks even in 2017-2018 fiscal year

H

igher-than-expected revenues
and solid cost containment
turned a projected deficit into
a break-even year for the Canadian
Dam Association in 2017-2018.
As reported at the 2018 Annual
General Meeting in Quebec City, CDA
generated a financial deficit of $668
in fiscal year 2017-2018. The 2017
Conference in Kelowna generated a
higher-than-budgeted surplus due
to excellent registration and corporate support, and other professional
development and training exceeded
their revenue targets.
On the expense side, CDA's international activities, including the
upfront costs for ICOLD 2019, cost
less than expected; and there was
cost containment by the non-technical
committees.

The 2018-2019 Budget was ratified by the members at the 2018
Annual General Meeting. A deficit of
9.5 percent on operations is budgeted,
including:
* Funding for the completion of the
technical bulletin on emergency
management and development of a
workshop to roll out the bulletin;
* More guidance for owners of small
dams; and
Financial Measure

* Increased paid support for committees, working groups, member
communications, and operations.
Special projects, including hosting
the 2019 ICOLD Annual Meeting and
Symposium in June 2019, may drive
the deficit up to 28 percent. The Board
has set aside a reserve to cover the
potential deficit from ICOLD 2019
should one occur.
2016-2017

2017-2018

Total Revenue

$992,753

$884,738

Total Expenses

$839,837

$885,406

Surplus or (Loss)

$152,916

($668)

Unrestricted Net Assets at Year-End

$482,496

$431,828

Restricted Reserve Funds

$350,000

$400,000

The other major special project
is funding for strategic planning.
Typically, CDA undertakes strategic
planning on a three-year cycle, which
would have meant in the spring of
2018. Given that the strategic priority for 2018-2019 - hosting the ICOLD
2019 Meeting and Symposium - was
set some years ago, strategic planning
was deferred to Spring 2019.
CDA's overall financial position
remains very healthy and allows
the Association to make strategic
investments in activities that benefit
Canadian dam safety and management
practitioners.
■

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Canadian Dam Association Bulletin - Winter 2019

Table of Contents for the Digital Edition of Canadian Dam Association Bulletin - Winter 2019

Board of Directors
President’s Message
Looking Beyond Oroville: Where to From Here?
CDA’s Recent International Business Development Activities
CDA 2018 Conference a Great Success in Quebec City
CDA Conference Hosts Events for Young Professionals
CDA Bestows Two Life Memberships
Honouring the Industry’s Leaders
Election 2018 Report
Financial Report: CDA Breaks Even in 2017-2018 Fiscal Year
ICOLD Corner
CDA 2019 Conference: Call for Papers
Buyers’ Guide and Trade List
Canadian Dam Association Bulletin - Winter 2019 - intro
Canadian Dam Association Bulletin - Winter 2019 - cover1
Canadian Dam Association Bulletin - Winter 2019 - cover2
Canadian Dam Association Bulletin - Winter 2019 - 3
Canadian Dam Association Bulletin - Winter 2019 - 4
Canadian Dam Association Bulletin - Winter 2019 - 5
Canadian Dam Association Bulletin - Winter 2019 - 6
Canadian Dam Association Bulletin - Winter 2019 - Board of Directors
Canadian Dam Association Bulletin - Winter 2019 - President’s Message
Canadian Dam Association Bulletin - Winter 2019 - 9
Canadian Dam Association Bulletin - Winter 2019 - Looking Beyond Oroville: Where to From Here?
Canadian Dam Association Bulletin - Winter 2019 - 11
Canadian Dam Association Bulletin - Winter 2019 - 12
Canadian Dam Association Bulletin - Winter 2019 - 13
Canadian Dam Association Bulletin - Winter 2019 - 14
Canadian Dam Association Bulletin - Winter 2019 - 15
Canadian Dam Association Bulletin - Winter 2019 - 16
Canadian Dam Association Bulletin - Winter 2019 - 17
Canadian Dam Association Bulletin - Winter 2019 - CDA’s Recent International Business Development Activities
Canadian Dam Association Bulletin - Winter 2019 - 19
Canadian Dam Association Bulletin - Winter 2019 - CDA 2018 Conference a Great Success in Quebec City
Canadian Dam Association Bulletin - Winter 2019 - 21
Canadian Dam Association Bulletin - Winter 2019 - 22
Canadian Dam Association Bulletin - Winter 2019 - 23
Canadian Dam Association Bulletin - Winter 2019 - CDA Conference Hosts Events for Young Professionals
Canadian Dam Association Bulletin - Winter 2019 - 25
Canadian Dam Association Bulletin - Winter 2019 - 26
Canadian Dam Association Bulletin - Winter 2019 - CDA Bestows Two Life Memberships
Canadian Dam Association Bulletin - Winter 2019 - Honouring the Industry’s Leaders
Canadian Dam Association Bulletin - Winter 2019 - 29
Canadian Dam Association Bulletin - Winter 2019 - 30
Canadian Dam Association Bulletin - Winter 2019 - 31
Canadian Dam Association Bulletin - Winter 2019 - Election 2018 Report
Canadian Dam Association Bulletin - Winter 2019 - 33
Canadian Dam Association Bulletin - Winter 2019 - Financial Report: CDA Breaks Even in 2017-2018 Fiscal Year
Canadian Dam Association Bulletin - Winter 2019 - 35
Canadian Dam Association Bulletin - Winter 2019 - 36
Canadian Dam Association Bulletin - Winter 2019 - 37
Canadian Dam Association Bulletin - Winter 2019 - ICOLD Corner
Canadian Dam Association Bulletin - Winter 2019 - CDA 2019 Conference: Call for Papers
Canadian Dam Association Bulletin - Winter 2019 - 40
Canadian Dam Association Bulletin - Winter 2019 - Buyers’ Guide and Trade List
Canadian Dam Association Bulletin - Winter 2019 - 42
Canadian Dam Association Bulletin - Winter 2019 - cover3
Canadian Dam Association Bulletin - Winter 2019 - cover4
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