[Finance] 2017 Financials

[Bill Newman]

I have attached the 2017 financials.  These are just the Operations 
Report and the Balance Sheet.  I have not added any notes (except the 
usual disclaimer).
     It was a good year with a profit of over $5000--not bad for a 
non-profit organization.  Of course this means we can focus on spending 
money on advancing our primary objective--making cycling a Winnipeg 
transportation choice.  Non-profits are judged on how effectively they 
spend money, not on how they earn money.
     Grants, corporate sponsors, and individual donations are all up.  
These are our most important sources of funds, almost $13,000 this year.
     Spending on our strategic areas--Advocacy (influencing decision 
makers), Outreach (encouraging cyclists), and Projects (to provide 
direct deliverables and consulting for the benefit of cyclists)--is 
light, except that the Staff Contract, of course, provides major 
benefits across all three areas.  More could be done to move staff costs 
out of the overhead area and into the strategic area.
     This is the same format we used previously.  Any comments on detail 
level, or terminology?
     --Bill
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