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You are on the Board of a local community centre and newcomers transitional program. This program serves newcomer immigrant families in the Toronto area. The
You are on the Board of a local community centre and newcomers transitional program. This program serves newcomer immigrant families in the Toronto area. The program's relationship with the provincial government has recently changed. Before the pandemic,it raised all the revenues it needed through its fundraising efforts. As a result of the pandemic, the government began providing thousands of dollars in financial support. The support provided now represents over 50% of the centre's total revenue. You decide to review the latest audited financial statements of the community centre. You wonder if there's anything you should be concerned about. Last year ended with a very large surplus. You should have no concerns about this if: (select the best answer) The number of volunteers continues to steadily grow year over year Some of the other local programs have recently closed their doors The centre ran a deficit the year before The centre received a very large unexpected donation
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