D r a f t f o r d i s c u s s i o n o n l y 5 CANADIAN SCHOOL BOARDS ASSOCIATIONS L'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRES STATEMENT OF OPERATIONS FOR THE YEAR ENDED MARCH 31, 2019 2019 2018 $ $ Income Membership fees 217,350 197,000 Congress revenue 52,467 - Interest 1,164 2,365 270,981 199,365 Expenses Administration fees 9,410 6,736 Amortization of capital assets 1,114 1,142 Executive stipend 10,000 10,000 Executive travel and representation 36,405 54,005 Insurance 1,529 1,473 Meetings and committees 4,925 18,572 Office 2,024 4,755 Professional fees 17,805 16,227 Salaries and fringe benefits 23,491 79,551 Strategic plan initiatives 16,160 39,462 Subcontractors 38,720 - Telecommunications 4,797 3,802 166,380 235,725 Excess (deficiency) of revenues over expenses from operations 104,601 (36,360) Loss on disposal of capital assets (1,621) - Excess (deficiency) of revenues over expenses 102,980 (36,360)