FINANCIALS

ALL cadet support committees (CSC) must forward a copy of their annual statement (consists of Income & Expense statement and Asset & Liability statement) to the Provincial Treasurer by October 31. This statement will also be the one presented at the CSC annual meeting. The provincial treasurer will coordinate forwarding statements to the National office.

Please refer to the following excerpt from the Letter from the National President:

Effective this year, all Support Committees must send in their financial reports to their respective Branches. If you have not done so, all Support Committees must adjust their categories of revenues and expenses to match a national standard, as detailed in our Support Committee Financial Reporting Handbook. This past spring, this financial information proved crucial to advocating for additional emergency Local Support Allocation. We were able to identify our most financially dire Support Committees and provide fact-based evidence to support our request. We need your assistance to properly support you in the coming months and years.

A very good explanation of the financial reporting system is available at:

ACLC National Toolbox

If you are not using the Excel template you can provide a summary which can be found at the following:

Financial Consolidated Statement

This template is to be used by units that have not converted their financial statements to conform to the required national format (Reference my email of October 4).

Please follow the categories on the statement making sure that any extra lines used under “misc.” is expanded to your appropriate expense category.

Please complete the signature page prior to forwarding to the treasurer. Also note that there is an email form on the financial page which directs your financials to me.

There is no mandatory requirement to use this template but it is important to remember that your final report must include the income/expense categories as set out by national.

A most committees have completed their annual meeting, the financial report should be ready to send to the treasurer. Please adhere to a January 31, 2021 deadline. Any financials missing after this date run the risk of having their LSA funding with held.

Please note that your current inventory list, asset & liability statement and a copy of the corps DA account are also required.

Note for southern zone corps: A copy of the DA account has been supplied to the treasurer and there is no need to send a copy.

Any questions can be directed to the treasurer at abtreasurer@armycadetleagueab.ca