August 25, 2014

I write to compliment the archdiocese on the recent annual report that was distributed in the WCR (WCR, July 7).

The report meets or exceeds the best practices of public reporting for non-profit/charitable organizations. The financial statements provided are understandable and a solid narrative is provided. The finance committee is identified, proving the assurance of the expert advice overseeing the archdiocese's finances.

The web link to the Canada Revenue Agency is a good addition to the report and also provides third party assurance. This CRA link also provides excellent additional information.

The annual report sets a very positive tone for transparency and accountability and is a solid example for other agencies to follow. Well done!

Gregory Bounds cma