CRKN is pleased to offer the June 2019 quarterly financial update.
2018-19 ANNUAL AUDIT AND AUDITED FINANCIAL STATEMENTS
At their June 6, 2019 meeting, the Finance & Audit Committee reviewed CRKN’s draft audited financial statements for the year ended March 31, 2019. Auditors from Deloitte were in attendance to answer questions and presented an unqualified opinion.
CRKN’s audited statements were reviewed and approved by the Board at their June 20, 2019 meeting. CRKN continues to make its audited statements publically available on its website. A summary version of CRKN’s financial statements will also be made available as part of CRKN’s 2018-2019 Annual Report.
CRKN MEMBERSHIP FEES
As part of the budget approval process, the Board of Directors approved a total membership fee increase of 2% for Financial Year 2019-2020 at their March 25, 2019 meeting. The Finance & Audit Committee reviewed the updated banding system, and the associated membership fee schedule at their May 27, 2019 meeting. CRKN has provided details of the membership fee calculation with the membership fee invoices transmitted to members on June 1, 2019.
Questions about membership fees (and CRKN billing and receivables generally) may be directed to Ryan Chen, Finance Officer at rchen@crkn.ca.
LICENSE INVOICING SCHEDULE
CRKN staff continue to maintain and update its invoicing schedule for the 2020 year. The updated invoicing schedule is accessible on the CRKN website (no login required).
THE FINE PRINT
It is important for CRKN to maintain member contact information, including the email addresses of invoicing contacts. Should you have any contact changes at your institutions, please send the updated information to CRKN Finance (finance@crkn.ca).
CRKN staff monitor receivables closely, as the organization relies on member payment to meet the organization’s ongoing vendor commitments. CRKN continues to send statements at the end of each month to all members with invoices outstanding, and thanks members for their ongoing cooperation in processing CRKN invoices on an expeditious basis.