Finance Committee Report Meeting June 12, 2003
Edmonton, Alberta

Attendance: Colleen O’Connell (chair), Shawn Marshall, Ming Chan, Joanne Bugaresti, Brenda Joyce, Lalith Satkunam

The Budgets of 2002 and 2003 were reviewed. Approval for increased funding for 2003 for meeting attendance at CMA, NSS, CCNS was received. Approval for recommending to the membership, based on executive’s recommendations, to re-join ISPRM was received. The need for general liability was discussed, and supported strongly. Necessary changes to the budget for 2003 were made based on the above needs. The budget currently stands at revenue of $600 for the year, not accounting for the ASM.

The committee will recommend funding for CPRDF programs of both the student and resident essay and research prizes, with monetary for the students, and travel/monetary/meeting for the residents. CPRDF meets later on June 14.

It was decided that secretariat activity related to the various contests be costed under the appropriate committees for 2004, and only the awards themselves be under CPRDF. This will be recommended to CPRDF.

The budget for 2004 will assume revenue neutral for the ASM to maintain fiscal responsibility and conservative budgeting.

The corporate liaison costs will come from our fund, at a anticipated cost of $10,000 for year one. We will recommend that all corporate partnerships will go to fund the CAPM&R activities, promote the organization, fund the resident review course and provide funds needed for CPRDF activities.

Discussion around secretariat functions with ASM; we will continue with 2 members on-site for meetings. Local organizers will be more active and responsible for social/local arrangements as was done this year.

Colleen O’Connell