The Treasurer continues to consider ways to make the financial aspects of the Division as transparent, efficient, and understandable as possible.
Our financial position maintained its strength during the first half of 2023. Our unrestricted funds have a total value of about $1.9M and performed well so far in 2023. ExCom approved a new financial management plan for the Biennial Conference Committee and the BCCE at the Spring 2023 meeting. Separating the BCC/BCCE budget from our annual operating budget removes the uncertainties and fluctuations in income/loss associated with each BCCE and also makes it easier to monitor the finances associated with those events.
The Division finances are now structured in a way that make the budgeting process more straightforward and transparent. We are now in a position to consider how we might best allocate our financial resources to support the outstanding work of our community.