Investor Presentaiton

Annual membership fees are the primary source of revenue for the organization (see Figure 1). Current annual membership fees are very comparable to the previous year. It appears our total membership number remained relatively stable this past year as the number of new members being admitted into the organization was equivalent to the number of members choosing to retire or resign; however, we do note a shift in this balance as our membership ages. Recruitment strategies are very much part of our strategic plan for the upcoming years. The professional development & events revenue was higher than the previous year as fall registrations and on-demand CPD sessions far exceeded the 2021/2022 year. We also had convocation ticket sales this year as the traditional convocation ceremony was held in February for our new graduates. Investment activities generated a loss of $6,199 in the current year in comparison with revenue of $73,284 from last year. This past year was very challenging for all investors as all asset classes were impacted by the events that unfolded throughout all of 2022. Most markets, including the traditionally safer bond markets, finished in the red at the end of the 2022 calendar year. In fact, the only main asset class that finished the year in positive territory in 2022, was cash. While navigating these troubled waters, our portfolio managers still managed to obtain better than market returns for the period and do expect things to turn for the better and normalize within the next 12-18 months. Expense by Category 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300.000 200,000 100,000 0 Salaries CPD & Events Generall & Benefits & Admin Member Engagement Ext. Affairs Compliance & Comms National Committee Fees Governance 2021-22 2022-23 Figure 2: Expense by Category CPA New Brunswick's staff play vital roles in ensuring its efficient operations. Salaries & Benefits was higher than the previous year due to two new staff members joining the team this past year resulting in increased wages, benefits etc. Due to having a hybrid fall conference this year, the CPD expenses are substantially higher with the in-person conference week opposed to a wholly virtual conference. 13

View entire presentation