cfna annual report 2017 - community futures...

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Leadership – Advocacy – Stewardship

CFNA Annual Report – 2017

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Purpose

The purpose of the Community Futures Program is to help communities develop and implement

local solutions to challenges and opportunities in the areas of:

- Economic stability, growth, and job creation;

- Diversified and competitive local rural economies;

- Economically sustainable communities

Mission

“The Community Futures Network of Alberta provides advocacy, leadership and stewardship for

the network of Community Futures organizations in Alberta”

Vision

“Alberta Community Futures Organizations are respected leaders in Rural Economic

Development”

Updated February, 2017

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Table of Contents

Annual General Meeting Agenda ............................................................................................................................................ 5

Community Futures Network of Alberta ................................................................................................................................. 6

CFNA Chairman’s Report ......................................................................................................................................................... 7

Executive Director’s Report ..................................................................................................................................................... 9

What we do ........................................................................................................................................................................... 10

Where we are going .............................................................................................................................................................. 12

Secretary Treasurer’s Report ................................................................................................................................................. 13

Revenue ............................................................................................................................................................................. 15

Expenses ............................................................................................................................................................................ 16

Conclusion and Proposed Motion ...................................................................................................................................... 16

2016 AGM Minutes - Friday September 30, 2016 Medicine Hat Lodge, Medicine Hat, Alberta ........................................... 17

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Annual General Meeting Agenda

Date: Friday, September 29, 2017

Time: 10:45 am

Location: Fantasyland Hotel located at 17700 87 Ave NW, Edmonton, Alberta

1. Call to Order (10:45 am)

2. Introduction of Guests

3. Declaration of Quorum

4. Review and Adoption of the Agenda

i. Proposed Motion “Move to adopt the Agenda as circulated”

5. Minutes of the 2016 CFNA AGM

i. Proposed Motion “Move that the Minutes of the Community Futures Network of Alberta Annual General

Meeting held September 30th, 2016 be adopted as circulated”

6. Introduction of the 2016-2017 CFNA Board of Directors

7. CFNA Chair Report

8. Executive Director’s Report

9. Secretary Treasurer’s Report

10. Presentation of the 2016-2017 CFNA Audited Financial Statements (MNP)

i. Proposed Motion “That the audited financial report of the Community Futures Network of Alberta for the

year then ended March 31, 2017 be adopted as circulated and discussed”

11. Governance Document Update

i. Proposed Resolution “Resolution to amend the current Community Futures Network of Alberta

Memorandum of Association as presented”.

ii. Proposed Resolution “Resolution to repeal the current Community Futures Network of Alberta Articles of

Association and to replace them with the new Articles of Association as presented”.

12. CFNA Board Recognition and Introduction

i. Proposed Motion “That the Community Futures Network of Alberta and its membership recognize its

slate of Directors for the 2017-2018 Operating year”

13. Motion to Adjourn

All Alberta CF Board members, CF staff along with CF Stakeholders and Partners are invited and encouraged to attend. Voting is limited to one (1) vote per Alberta Community Futures organization. Each Community Futures will appoint one (1) voting delegate who, for the purposes of voting on behalf of the CF organization, shall be the Board Chair or his/her volunteer board member designate.

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Community Futures Network of Alberta

Your 2016-17 CFNA Board of Directors

The CFNA Board is representative of the 27 Alberta CF organizations. These organizations, through the three (3) Alberta

CF regions, elect a total of eleven (11) CFNA board members to serve two (2) three-year terms. Terms commence at the

end of the Annual General Meeting, which is held in September each year. The Executive Committee of the Board is

elected annually by the CFNA Board members. The role of the Board of Directors is to provide strategic direction for the

organization.

Back Row (left to right)– Lloyd Kearl, Sean Blewett, Lynn MacWilliam, Patti-Jay Powell,

Matthew Creighton, Brad Gara

Front Row (left to right) – Tony Stolz, Tim Sawarin, Chris King, Randy Hodgkinson, Chris Curtis.

Absent – Dave Vanderwell

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CFNA Chairman’s Report

I would like to start by saying it has been an absolute pleasure to have had the

opportunity to serve on the board of the Community Futures Network of Alberta (CFNA)

over this past fiscal year. It has also been an honour to have been elected by my fellow

Directors to serve in the position of board Chair - a role I have held since June 2016.

The 2016-17 operating year for the CFNA can best be described as one following a

theme of ‘new beginnings’. Key activities this year included initiating the process of

updating the CFNAs governance documents including its Memorandum of Association

and Articles of Association. Both of these documents in fact have been updated and have now been prepared and

circulated to the membership for review this AGM. We also initiated a complete review of the CFNAs Policies and

Procedures with the goal of updating them to a ‘best practice’ standard. This project will be complete in Fiscal 2017/18,

and we will of course make these documents available to all Alberta CFs as a resource.

The other key change of course was bringing on our new Executive Director. Tony Stolz started with CFNA last September

and has been working very hard to learn the role. The CFNA Board very much appreciated the input we received from the

CFs who responded to our ED feedback survey. Our goal is to further develop these types of communications tools to

ensure CFNA is providing value and is meeting the needs and expectations of your Community Futures office!

I want to take this opportunity to thank those CFNA Board members who have served us well over the past year. I will

start with a special thanks to Patti-Jay Powell (CF Central Alberta) and Sean Blewett (CF Entrecorp and Chinook) for their

hard work on the governance and policy document updates. CFNA operates as a volunteer board so their time and hard

work on this important update was very much appreciated.

I would also like to thank the Executive Committee, Randy Hodgkinson (Manager, CF Peace Country), and Patti-Jay Powell

(Manager, CF Central Alberta) for their work in the capacity of CFNA VPs, and Matt Creighton (Chair, CF Wood Buffalo) for

his work as Secretary Treasurer and for going the extra mile helping to modernise the CFNA audit report.

I would also like to recognize and express appreciation for the following individuals who also each served Alberta CFs on

the 2016-17 CFNA Board of Directors.

Brad Gara – Manager, CF Elk Island and CF East Central

Chris Curtis – Director, CF Big Country

Dave Vanderwell, Director, CF Lesser Slave Lake

Lloyd Kearl, Chair, CF Alberta South West

Lynn MacWilliam, Director Wild Rose

Tim Sawarin, Director Lloydminster

As a professional Economic Developer and a former small business banker, Community Futures has been a very important

foundation of the communities I have lived in. Community Futures is and will always be a local grass roots effort to build

our communities. I have been very proud to have had the opportunity to sit on and chair the Board of Directors for CFNA

to ensure that every community is provided the same level of support, training, and sharing of best practices. Autonomy

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is important for the success of the CF program; however common training and sharing of best practices ensure that no

community is disadvantaged due to inexperience at the Staff or Board level.

With my term on the CFNA Board representing the North West coming to an end at this AGM, and my term limit expiring

in one year at CF Grande Prairie and Region, I will not be seeking re-election to the CFNA Board of Directors.

I am of the opinion that the CFNA is in very capable hands to move forward and continue to operate with the best

interests of our membership. The efforts over the past year towards the governance policy updates, procedure changes,

and board development combined with a very competent Executive Director and staff provides me with comfort knowing

that CFNA is in strong hands.

Chris King

CFNA Board Chair

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Executive Director’s Report

Well … time really flies when you are having fun! It has already been one year since I re-

joined the Community Futures family in the capacity of Executive Director at CFNA. I have to

say that while it has been a steep learning curve it has definitely been interesting (and fun)

having the opportunity to serve Alberta CFs! With the pace of change in our world today

this is certainly an exciting and important time to be involved in this program!

I’ll start by thanking the CFNA Board and Alberta CFs for their incredible support over the

past year while learning my position. This task was made so much easier with the training

and advice I received from Jon Close and with the support, enthusiasm, and professionalism

of my staff team. Margi Storey is the coordinator of the Elevate program but she consistently steps up to take on

anything, including the CFNA AGM and CF Conference, and I could not operate without her. Judy MacMIllan Evans runs

the Entrepreneurs with Disabilities program, Bizstream, plus special projects, and she keeps proving herself to be an

invaluable asset to Community Futures with her dedication and understanding of the CF program. Lastly, this year we

said goodbye to Tracy Paquet whose enthusiasm and contributions were so very much appreciated by all who worked

with her.

In the next section we will talk about what the CFNA does and highlight some of the key projects we did over the past

year. I would like to point out however that CFNA cannot take the credit for this work. The reality is CFNA exists to

support its members and the work we do is done with the support and input of our board and Alberta CF offices. Over

the past year, CFNA set up working and ‘advisory’ committees to work on many projects including our Governance

Documents, Lending Portal, the CF symposium, Professional Development, and the What If – Marketing Campaign.

Advisory committees are a great way for CFs to get involved at the provincial level to support the Community Futures

program! If you see a project you are passionate about please let us know and we well get you involved!

Dream … Learn …. Achieve

John Quincy Adams

Tony Stolz

CFNA Executive Director

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What we do

Projects

Elevate - Funded by Service Canada’s Opportunities Fund, Elevate is a business support

program for entrepreneurs with disabilities, with potential funding

per participant up to $13,500. CFs can benefit up to $5,000 per client

by participating in this program. At the close of the first intake period

on March 31, 2017, there were 30 active Alberta Elevate participants

with the program being delivered in 13 Alberta CFs.

Entrepreneurs with Disabilities Program (EDP) – The objective of the Alberta EDP is to ensure ready access to

entrepreneurial support services for persons with disabilities. This support is

offered through the funding of business training and coaching for Community

Futures clients. In fiscal 2016-2017, the number of clients supported surpassed

the target of 25 with a total of 29 clients supported.

Bizstream – The objective of the BizStream program is to increase vendor criteria awareness and

management capacity of rural businesses with the potential to engage in business relationships

with government and big business. The program encompasses tool kits and supports for

Community Futures to work with their clients. The 2016-2017 pilot

phase identified the need for a self-directed learning program that

businesses could work through at their own pace. Funding for

2017-2019 was secured through CARES to continue the BizStream project.

Conference & Gala – The 2016-17 CF Conference was held in Medicine Hat, September 28–30, 2016 and was co-

hosted by CF Entre-Corp. The event saw 101 conference delegates, and 126 people attended the Awards Gala.

TEA Support - A TEA Coordinator project was created to help CF offices make better and more consistent use of

TEA. The role of the Coordinator included setting up training sessions and offering CF offices general support.

While this position was not carried forward into Fiscal 2018, TEA training remains a CFNA priority.

Pan West - Community Futures Pan West is a joint initiative of the four provincial Community Futures associations

established in 1996. Working in partnership with Western Economic Diversification Canada, Pan West provides

training and support to 90 Community Futures organizations which provide services to Canada’s rural west. Over

50% of Pan West’s budget is targeted for training. CFNA provides administrative services for Pan West.

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Representation & Liaison

CFNA regularly meets with strategic stakeholders to advocate for the Community Futures program. This past year

included working with Pan West and Community Futures Network of Canada on the development of a shared vision and

position paper for Community Futures organizations across Canada in the context of contract renewal. Key stakeholders

include WD, all members of the Western Canada Business Service Network, Alberta Economic Development, Alberta

Agriculture, Alberta Innovation, Alberta Tourism, plus lenders including BDC, Treasury Branch, and Servus.

Training

CFNA is involved in the delivery of many different training programs and opportunities including:

CFNA - Common Goals TEA training

CFNA Training – Business coaching, Project Management, Rural Diversification, Cluster Development, Lending Training, Financial Literacy

CFNA - Bizstream Training

CFNA - Community Futures Training Program

Pan West - Leadership Institute training

Pan West - CU – On-line Training

Community Futures Training Program (CFTP) – The objective of the

CFTP is to create a Community Futures branded training program for

delivery to clients on a fee for service basis. In fiscal 2016-2017, the 20

training topics were identified and course development began. Funding for 2017-2019 was secured

through CARES to complete the course development and develop a pool of Community Futures trainers.

Member Services

CFLIP – CFLIP is a depositing and lending pool which Alberta CFs are able to access based

on local needs. At March 31st CFLIP had 12 approved lines of credit with Alberta CFs

worth $11.17 million. A total of 16 CFs plus CFNA held deposits in CFLIP worth $20.69

million. Returns on deposits for Fiscal 2016-17 were 4.84%.

Shared Services – A total of 10 provincial business services to CFs were offered including Bullet Proof exchange

server and IT support, Business Prospects reports, Travel insurance, D&O and E&O insurance, group benefits

packages, creditor insurance, Equifax, and RBC pension. CFNA conducts a yearly review of all services to ensure

services meet the needs of members and are price competitive.

Loan Approval Portal – An on-line lending portal was completed in cooperation with Community Futures Central

Alberta (launched in April, 2017). The Portal enables IRC committees to review, discuss, and approve business

loans in the secure ‘cloud’ area originally developed for the Loans Security Database. We hope to continue

development of this Portal based on CF feedback and uptake.

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Communications - Each year CFNA conducts a minimum of 3 formal surveys and communicates with CFs and partners via

emails, phone calls, special meetings and newsletters. For Fiscal 2017 CFNA conducted 8 formal surveys, circulated 9

newsletters, sent out 26 (est) information bulletins, and visited 6 CFs.

Marketing - The final leg of the ‘What If’ marketing project was scheduled to be complete in

Fiscal 2017, but the announcement of the Alberta CARES grant last year provided CFs the

opportunity to rethink this strategy and delay this project until Fiscal 2017/18. CFNA worked

with Alberta CFs to update the marketing plan and we were ultimately successful in securing $110,000 of grand funding

leveraging an additional $80,000 from Alberta CFs and $15,000 from CFNA this fiscal.

Other CF Marketing activities include maintaining the CFNA Website and bi-weekly updates to our Twitter and Facebook

accounts.

Strategic Goals – The CFNAs strategic goals for Fiscal 2017 included; advocacy, support for innovation, strengthening

policies and procedures, and building strategic partnerships. In addition CFNA, and Alberta Community Futures offices,

work to support the strategic goals of WD by developing local strategies to help address these goals. WD strategic

priorities currently include supporting innovation, clean technology, trade & investment, procurement and Indigenous

Economic Growth.

Where we are going

In addition to our commitment to continuously improve our ‘core services,’ CFNA’s strategic priorities moving to Fiscal

2018 include;

A focus on technologies, tools, and best practices.

Completing our ‘best practice’ update on the CFNA’s Memorandum of Association, Articles, and Policies &

Procedures.

The development of a ‘Communications Strategy’ to ensure

programs and services are relevant to stakeholders and

mechanisms are in place to support effective communication.

Improved focus on building strong relationships with strategic

partners.

Strengthening our education strategy for boards and staff

members.

Supporting and promoting WD Strategic Priorities including

Innovation, Clean Technology, Trade & Investment, Procurement,

and support for Indigenous Economic Growth.

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Secretary Treasurer’s Report

Introduction

On behalf of Chair Chris King and the CFNA board it is my pleasure to introduce the

financial report for Community Futures Network of Alberta (CFNA) for the year then

ended March 31, 2017. (See attached Financial Statements)

The March 31, 2017 audited financial statements have been prepared by the

independent auditing firm of Myers, Norris and Penny LLP – Calgary. Their work has

been commissioned by the Board of the CFNA. On June 23, 2017 the Executive

Committee of the Board met with the auditors. In this meeting, the auditors provided their detailed financial report

and responded to questions. The Financial Statements were submitted to the CFNA Board by the Executive

Committee. The audited financial report was approved by the CFNA Board for release to the membership on

September 7th, 2017.

This Treasurer’s Report is intended to highlight the financial position, changes in the financial condition and results of

the historical and current operations of the CFNA. It should be read in conjunction with the enclosed March 31, 2017

audited financial statements and accompanying notes.

Assets Held in Trust in the CFLIP Fund

CFLIP assets are derived from deposits by Alberta CFs (17 Alberta CFs @ March 31, 2017) plus proceeds from a conditionally repayable $ 7.0 million loan from WD – Alberta Region. These assets are intended by Alberta CFs to be deployed for two (2) specific purposes:

a) To be a source for Alberta CFs to gain access to required investment funds; and

b) To serve as a means of optimizing returns on deposits without increased risk to the individual CF

depositor.

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The analysis above of CFLIP Holdings at March 31, 2017 demonstrates that 52% ($ 11.17 million) of the Alberta CFLIP

investment holdings were in the form of approved, margined and secured loans to 12 Alberta CFs. CFLIP continues to

work to the benefit of rural SMEs that would otherwise have had difficulty gaining access to start-up and/or growth

capital.

The remaining 48% of CFLIP invested funds ($ 10.25 million) are administered, protected and managed on behalf of the

CFNA by the following independent, professional third party service providers:

Custodial & Trustee Services – Canadian Western Trust (since April 2012)

Professional Recordkeeping/Fund Services – The Recordkeeper Inc. (since 2000)

Professional Fund Management Services – Fiera Capital (2015)

The portion of CFLIP funds under management by Fiera Capital, are managed within the strict CFNA Board approved

investment fund guidelines. These guidelines are revisited annually by the Board with inputs received from Fiera

Capital.

Liabilities related to CFLIP Holdings

Liabilities related to CFLIP Holdings totalled $13,018,029 (2016 -$ 13,253,668). This represents funds due to Alberta CF

Depositors at March 31, 2017 are reported at fair value by quotations received in an active market. At this date 16 of 27

Alberta CFs held deposits in CFLIP.

Depositor Opening Movement Earnings Closing

CF Centre West 2,071$ -$ 101$ 2,172$

CF East Parkland 897,107$ 770,000-$ 32,894$ 160,001$

CF Lac La Biche 1,036,335$ 1,048,108-$ 11,773$ -$

CF Elk Island 236,625$ -$ 11,452$ 248,077$

CF Wild Rose 1,357,580$ -$ 65,703$ 1,423,283$

CF Highwood 723,982$ -$ 35,038$ 759,020$

CF Tawatinaw 2,046,113$ -$ 99,026$ 2,145,139$

CF Chinook 831,431$ 250,000$ 49,834$ 1,131,265$

CF Big Country 989,150$ 20,000-$ 44,479$ 1,013,629$

CF Lloydminster 543,728$ -$ 26,316$ 570,044$

CF Wood Buffalo 193,120$ -$ 9,347$ 202,467$

CF Central Alberta 761,570$ -$ 36,858$ 798,428$

CF West Yellowhead 312,503$ -$ 15,124$ 327,627$

CF Southwest 1,763,522$ -$ 85,350$ 1,848,872$

CF Crowsnest 827,753$ -$ 40,061$ 867,814$

CF Lesser Slave Lake 589,122$ -$ 28,512$ 617,634$

CF Lethbridge 141,953$ 7,367-$ 14,237$ 148,824$

CF Northwest -$ 750,000$ 3,733$ 753,733$

13,253,668$ 845,475-$ 609,836$ 13,018,029$

Average Rate of Return / Month 4.77%

Average Yield / Month 2.66%

CFLIP 2017 Portfolio Performance

Performance = 4.84%

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Revenue

CFNA Core Operations

The auditor’s presentation on the Statement of Operations changed in the year 2017 over 2016. The following

are the comparisons and related comments as applicable.

Table 4 – Summary of CFNA Core Fund Revenue

Comments – Operating Revenues

Core Operating Funding: Like all CFs and CF Associations across the west, the CFNA has not received an increase

to core funding since 2008-2009. Our current agreement provides support for CFNA operations. CFNA in turn

provides added-value, coordination, training and other forms of support and leadership to all 27 Alberta CFs. The

CFNA transfers interest earned from its investment of $ 7.0 million in the CFLIP fund. The transfer of interest is

considered by the Board of the CFNA to be critical to the ability of this provincial CF association to operate its

CFLIP division and to provide incremental levels of project and member services supports to Alberta CFs and

support to WD for various CF program related initiatives requiring input and support.

It is important to note, the draw-down of interest earned by the CFNA from its earned income in its CFLIP division

does not impact the deposits or returns on deposits owned by CF members depositing or investment funds into

CFLIP. Further, the draw-down of interest earned by the CFNA in CFLIP will never be drawn down below net

income earned on this investment.

March 31st, 2017 2016 Change

Project Administration 26,285$ 22,739$ 3,546$

CFLIP - Admin Interest Transfer 70,000$ 70,000$ -$

Administration Revenue 96,285$ 92,739$ 3,546$

CFLIP - TEA Project 32,000$ 9,287$ 22,713$

CFLIP - Other Projects 32,000$ 68,463$ 36,463-$

Other Revenue 64,000$ 77,750$ 13,750-$

Training 23,753$ 36,500$ 12,747-$

Projects - Other 22,905$ 22,810$ 95$

Conference Revenue 43,977$ 74,451$ 30,474-$

Project Revenue 90,635$ 133,761$ 43,126-$

Rental Revenue (Office) 10,838$ 14,392$ 3,554-$

WD Core Funding 246,253$ 246,253$ -$

Total CFNA Operations Revenue 257,091$ 260,645$ 3,554-$

Total Revenue 508,011$ 564,895$ 56,884-$

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Expenses

The history of Salaries, Wages and Benefits expenses are summarized as follows:

Year-Over-Year Comparison CFNA Travel

Conclusion and Proposed Motion

“That the audited Financial Report of the Community Futures Network of Alberta for the year

then ended March 31, 2017 be adopted as circulated and discussed”.

Matthew Creighton CFNA Treasurer

2017 2016 2015 2014 2013 2012

Budget 295,772$ 275,000$ 235,000$ 215,600$ 265,254$ 258,367$

Wages & Benefits 193,564$ 239,726$ 217,329$ 236,774$ 260,820$ 176,379$

# FTE +/- 2.0 +/- 3.0 2.5 2.7 2.5 3

CFNA Historical Wages & Benefits

2017 2016 2015 2014 2013 2012

Budget 40,000$ 49,000$ 36,000$ 42,600$ 42,600$ 58,200$

Actual 16,529$ 31,028$ 39,761$ 30,946$ 38,746$ 49,444$

CFNA Historical Board & Staff Travel

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2016 AGM Minutes - Friday September 30, 2016 Medicine Hat Lodge, Medicine Hat, Alberta

Attendees Eligible to Vote: Community Futures Alberta Southwest (Lloyd Kearl),

Community Futures Big Country (Chris Curtis)

Community Futures Capital Region (Brad Hopfauf),

Community Futures Central Alberta (Ernie Murias),

Community Futures Centre West (David Cooper)

Community Futures Chinook (Bruce Warkentin)

Community Futures East Central (Shannon Bendfeld)

Community Futures East Parkland (Wayne Clark)

Community Futures Elk Island Region (Jacquie Fenske)

Community Futures Entre-Corp (Kenton Baker),

Community Futures Grande Prairie and Region (Chris King)

Community Futures Lac La Biche (Shirley Michaud)

Community Futures Lakeland (Roy Doonanco)

Community Futures Lesser Slave Lake Region (Randy Ehman)

Community Futures Lethbridge (Marvin Slingerland)

Community Futures Lloydminster and Region (Kevin Spahich)

Community Futures Peace Country (Raoul Johnson)

Community Futures St Paul. Smoky Lake Region (Steve Upham)

Community Futures Tawatinaw (Peggy Laing)

Community Futures West Yellowhead (Marcel Michaels)

Community Futures Wild Rose (Lynn MacWilliam)

Community Futures Wood Buffalo (Matt Creighton)

Community Futures Yellowhead East (Judy Tracy)

Regrets: Community Futures Crowsnest Pass

Community Futures Treaty Seven

Community Futures Highwood

Community Futures Northwest Alberta

Call to Order – 3:16 p.m.

Board Chair, Chris King formally called the meeting to order and declared a quorum present for the purposes of

conducting business at the Annual General Meeting of the Corporation (Community Futures Network of Alberta).

Community Futures Peace Country (Raoul Johnson) moved / Community Futures Big Country (Chris Curtis) seconded:

“That the Agenda for the Community Futures Network of Alberta 2016 Annual General Meeting be adopted as circulated”

Carried

Review and Adoption of Minutes from 2015 Community Futures Network of Alberta Annual General Meeting.

Community Futures Wood Buffalo (Matt Creighton) moved / Community Futures Lakeland (Roy Doonanco) seconded:

“That the Minutes of the Annual General Meeting of the Community Futures Network of Alberta held October 2, 2015 be

adopted as circulated”

Carried

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Introduction of the 2015-2016 CFNA Board of Directors

Chris King introduced the new Executive Director of the CFNA, Tony Stolz, and then proceeded to introduce and asked the

membership to recognize the CFNA Board of Directors for the 2015-16 operating year.

Introduction of 2015 – 2016 CFNA Board of Directors

Representing Board Member Term Ending

Volunteer – South Vacant 2016

Management – NW Randy Hodgkinson 2016

Management – South Darlene Sinclair 2016

Volunteer – NE Vacant 2016

Volunteer – NE Matt Creighton 2017

Volunteer – NW Chris King 2017

Management – South Patti-Jay Powell 2017

Volunteer – South Chris Curtis 2018

Volunteer - South Vacant 2016

Management - NE Brad Gara 2018

Volunteer - NW Vacant 2018

The 2015-2016 CFNA Board was recognized by the membership.

CFNA Chair Report

The report from the CFNA Chair was included in the Annual General Meeting (AGM) Report. It was circulated

electronically to all Alberta CF’s prior to the AGM. The Chair Report was also included in the AGM package circulated on

the day of the AGM.

Community Futures Tawatinaw (Peggy Laing) moved / Community Centre West (David Cooper) seconded:

“That the CFNA Chair’s Report be adopted as circulated”

Carried

CFNA Executive Director Report

The CFNA Executive Director Report was also circulated to all Alberta CFs in advance of the AGM. It was also included in

the AGM package circulated on the day of the AGM.

Community Futures East Parkland (Wayne Clark) moved / Community Futures Central Alberta (Ernie Murias) seconded:

“That the CFNA Executive Director’s Report be adopted as circulated”

Carried

CFNA Treasurer’s Report - Adoption of the March 31, 2016 Audited Financial Statements

Chair, Chris King called upon Matt Creighton (CFNA Treasurer) to introduce the Treasurer’s Report and the Auditor’s

Financial Report for the year then ended March 31, 2016.

The CFNA Treasurer provided a summary overview of the highlights of the financial report and responded to questions

from the floor.

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Community Futures St. Paul-Smoky Lake (Steve Upham) moved / Community Futures East Central (Shannon Bendfeld)

seconded:

“That the Audited Financial Report of the Community Futures Network of Alberta for the year then ended March 31, 2016

be adopted as circulated and discussed”

Carried

Auditor Selection

Request for Proposal to select auditor for 3-year term.

Community Futures CF Centre West (David Cooper) moved / Community Capital Region (Brad Hopfauf) seconded:

“That the Community Futures Network of Alberta will put out a Request For Proposal for an Auditor for a 3- year term”

Introduction of the 2016-2017 CFNA Board

Chair Chris King, again thanked the members of the 2015-2016 CFNA Board. The Board members were recognized for

their leadership and willingness to address difficult CF program issues.

Chris King introduced the Board of Directors for the Community Futures Network of Alberta 2016-2017:

Representing Board Member Term Ending

Volunteer – South Lloyd Kearl 2019

Management – NW Randy Hodgkinson 2019

Management – South Sean Blewett 2019

Volunteer – NE Tim Sawarin 2019

Volunteer – NE Matthew Creighton 2017

Volunteer – NW Chris King 2017

Management - South Patti-Jay Powell 2017

Volunteer – South Lynn MacWilliam 2017

Volunteer – South Chris Curtis 2018

Management - NE Brad Gara 2018

Volunteer - NW Dave Vanderwell 2017

Community Futures Lesser Slave Lake (Randy Ehman) moved / Community Futures CF Lloydminster (Kevin Spahich)

seconded:

“That the Community Futures Network of Alberta and its membership approve and recognize its slate of Directors for the

2016 - 2017 operating year”

Carried

Adjournment

Chris King then called for a motion to adjourn the 2016 CFNA Annual General Meeting.

Community Futures East Parkland (Wayne Clark) so moved – 3:39p.m.