Finances

Statement of Operations &
Changes in Members' Equity


(In thousands of dollars)
Year ended December 31, 2017, with comparative information for 2016


  2017 2016
 
Revenue:    
Annual membership fees $35,496 $35,876
Other fees 1,514 1,175
Advertising 1,020 980
Special projects 48 99
Interest and other 298 285
 
  38,376 38,415
Expenditures:    
Employee salaries 16,844 16,809
Employee benefits (note 8) 4,582 4,637
Council and committees 630 690
Services to members and applicants 3,383 3,215
Professional practice 569 454
Investigations and hearings 3,960 4,312
Operating support 4,366 4,528
Mortgage interest 914 978
Amortization 2,329 2,463
Council elections 99
 
  37,676 38,086
 
     
Excess of revenue over expenditures 700 329
Members' equity, beginning of year 20,731 20,402
 
Members' equity, end of year $21,431 $20,731
 

See accompanying notes to financial statements.