oice ision -...
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A N N U A L R E P O R T 2 0 1 7
oice
ision
alue
TABLE OF CONTENTS
1 Message from the Chair
2 Executive Committee & Staff
3 Alberta Chambers of Commerce
Organizational Chart
5 Chamber Members
6 79th Provincial Conference & Policy
Session
9 Canadian Chamber of Commerce
10 Roundtables
11 Chamber of the Year Awards
14 Fall Board Meeting/Deputy Ministers’
Dinner
16 Advocacy
“The future growth and competitiveness of our province and society at large is anchored in our levels of productivity, innovation, and the skills of our workforce. We believe the Alberta Chamber of Commerce plays a significant role in promoting and recognizing such thinking.”
SAMSON MANAGEMENT
18 Policy Committee
20 26th Alberta Business Awards of
Distinction
24 ACC Excellence Summit
26 Alberta Chamber Executives
28 Sponsorship Opportunities
29 Corporate Members
30 Ron Chapman Excellence in
Governance Scholarship
32 Value-Added Programs
34 Management’s Discussion & Analysis
40 Independent Auditor’s Report
1
MESSAGE FROM THE CHAIRAs of January 2017, the changing cost and regulatory environment in Alberta was front and centre of the ACC agenda. Business in the province saw the potential for sweeping changes at the provincial, federal and international levels that could have dramatic impact on Alberta’s economy and the private sector.
Within Alberta, there were changes to the provincial labour code, employment standards, and occupational health and safety regulations. The provincial government also continued to advance it’s agenda and layer costs on business by increasing the minimum wage and firm commitments to increase the carbon levy and minimum wage to $15 per hour by 2018. Few of the changes were reasons for optimism – all have, and will continue to, make it more expensive to do business in the province.
Federally, the National Energy Board and Environmental Assessment regulatory processes were under review. Skepticism about an improved regulatory environment for major energy projects was growing. Securing market access for Alberta’s energy products continued to be an ongoing battle. By year’s end, the Energy East pipeline project had been cancelled and opposition to the Trans Mountain pipeline expansion project was escalating to new levels. By year’s end, especially in the energy sector, capital was fleeing to other jurisdictions where costs are lower and the regulatory environment more stable.
In the face of the provincial and federal government’s anti-business agendas, the voice of our chamber network became louder. Coming out of the largest provincial recession in decades, Alberta business dug in with it’s usual character to survive and thrive. What could not break us made us stronger.
The ACC network was at the forefront of a national business collaboration to ensure tax credits for employer-paid health and dental benefits remained in place. Our community chambers also took the lead in the advocacy to simplify the tax code – a campaign which has not ended. They were instrumental in getting the federal government to take a step back from fully rewriting components of the tax code affecting Canadian Controlled Private Corporations. Fully implementing the proposed tax changes would have financially devastated many small business owners and retirees and decreased health coverage for Canadians.
Our chamber network’s vitality and resolve to be heard has been critical in bringing public attention to the importance of a healthy business community to shared prosperity. Momentum has grown through this resolve and it will be needed looking forward. 2018 will be a year where the provincial and federal government will begin campaigns for re-election. This will be a critical opportunity to address public policy change and fiscal management which, in recent years, is making Alberta and Canada a less desirable place to invest and do business.
The ACC is well prepared to ensure competitiveness and the viability of business is at the forefront of public dialogue regarding the future direction of governance in Alberta, and Canada. The public benefits when government works with business. The private sector is the driver of prosperity and, as the voice of this community, the chamber network is here to work with government. Our resources will continue to concentrate on ensuring government values the importance of business to our shared futures.
Chris Dugan CHAIR, Alberta Chambers of Commerce
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CHRIS DUGANCHAIR
SHAUNA FETHCHAIR ELECT
SHAWNA MILLERFIRST VICE CHAIR
ROSETTA TAYLORSECOND VICE CHAIR
BRUCE GALTSTREASURER
SEAN BALLARDPAST CHAIR
EXECUTIVE COMMITTEE
KEN KOBLYPRESIDENT & CEO
JONATHAN SEIBPOLICY MANGER
TRACY ACORNCHAMBER SERVICES MANAGER
JASON LESLIECOMMUNICATIONS MANAGER
JANEL CHAPUTMARKETING COORDINATOR
ALLISON ROBERGEEVENTS MANAGER
JILLIAN MCGUIRE CORPORATE & EVENTS COORDINATOR
STAFF
3
ALBERTA CHAMBERS OF COMMERCE ORGANIZATIONAL CHART
Executive Committee(STRATEGIC OPERATIONS)
Chris Dugan CHAIR
Shauna Feth CHAIR ELECT
Shawna Miller FIRST VICE CHAIR
Rosetta Taylor SECOND VICE CHAIR
Bruce GaltsTREASURER
Sean Ballard PAST CHAIR
Ken KoblyPRESIDENT & CEO
Allison RobergeEVENTS MANAGER
Janel ChaputMARKETING COORDINATOR
Jillian McGuireCORPORATE & EVENTS COORDINATOR
Tracy AcornCHAMBER SERVICES MANAGER
Jonathan SeibPOLICY MANGER
Jason LeslieCOMMUNICATIONS MANAGER
The Executive Committee is formed from leading chamber volunteers from around Alberta. This year’s Executive Committee members are based in Sherwood Park, Camrose, Grande Prairie, Spruce Grove, Lethbridge, and Calgary.
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CHAMBER MEMBERS
01 Airdrie
02 Alberta Beach
03 Alix
04 Athabasca
05 Barrhead
06 Bashaw
07 Beaumont
08 Beaverlodge
09 Beiseker
10 Berwyn
11 Blackfalds
12 Bluffton
13 Bonnyville
14 Bow Island
15 Bow Valley
16 Boyle
17 Bragg Creek
18 Breton
19 Brooks
20 Calgary
21 Camrose
22 Cardston
23 Caroline
24 Carstairs
25 Chestermere
26 Claresholm
27 Coaldale
28 Cochrane
29 Cold Lake
30 Consort
31 Cremona/ Water Valley
32 Crossfield
33 Crowsnest Pass
34 Delburne
35 Devon
36 Diamond Valley
37 Didsbury
38 Drayton Valley
39 Drumheller
40 Eckville
41 Edmonton
42 Edson
43 Elk Point
44 Evansburg-Entwistle
45 Fairview
46 Foremost
47 Fort Macleod
48 Fort McMurray
49 Fort Saskatchewan
50 Fox Creek
51 Grande Cache
52 Grande Prairie
53 Grimshaw
54 Hanna
55 High Level
56 High Prairie
57 High River
58 Hinton
59 Innisfail
60 Jasper
61 Killam
62 La Crete
63 Lac La Biche
64 Lacombe
65 Lamont
66 Langdon
67 Leduc
68 Legal
69 Lethbridge
70 Lloydminster
71 Magrath
72 Mallaig
73 Manning
74 Mannville
75 Marwayne
76 McLennan
77 Medicine Hat
78 Morinville
79 Nanton
80 Okotoks
81 Olds
82 Onoway
83 Oyen
84 Peace River
85 Picture Butte
86 Pigeon Lake
87 Pincher Creek
88 Ponoka
89 Provost
90 Raymond
91 Red Deer
92 Redwater
93 Rimbey
94 Rocky Mountain House
95 Sexsmith
96 Sherwood Park
97 Slave Lake
98 Smoky Lake
99 Smoky River
100 Spruce Grove
101 St. Albert
102 St. Paul
103 Stettler
104 Stony Plain
105 Strathmore
106 Sundre
107 Swan Hills
108 Sylvan Lake
109 Taber
110 Thorhild
111 Thorsby
112 Three Hills
113 Tofield
114 Valleyview
115 Vegreville
116 Vermilion
117 Vulcan
118 Wabamun
119 Wainwright
120 Wetaskiwin
121 Whitecourt
Honorary Lifetime Membership Ron Chapman
6
79TH PROVINCIAL CONFERENCE & POLICY SESSION
Every year policy development of our federation gather in a different Alberta
community for three days of meetings, learning and networking.
Highlights of the 2017 Provincial Conference in Leduc include:
LEDUC
• 116 attending delegates represented 35 community chambers.
• A total of 165 guests participated throughout the weekend.
• Guest speakers included Perrin Beatty, President & CEO of the Canadian Chamber;
The Honourable Amarjeet Sohi – Minister of Infrastructure; Terry Booth, CEO of
Aurora Sky; Dwayne Chomyn Q.C., Lawyer at Neuman Thompson.
• The Leduc Chamber hosted us for an exclusive Fun Night…of lip sync battles…at
the Blackjacks’ Roadhouse & Games Room, Nisku.
• Delegates at the policy session debated 29 policies, of which 27 were approved.
• We welcomed Chris Dugan of Sherwood Park as Chair.
• We thanked Carman McNary of Edmonton for his six years of volunteer service.
• We said farewell to Sean Ballard of Calgary, who stepped off the Executive
Committee.
• We awarded our long-standing Parliamentarian Ron Chapman, a life-time
Chamber membership
and created a
scholarship in his
name.
Honourable Amarjeet Sohi – Minister of
Infrastructure presents on the topic “Trade
Enabling Infrastructure”.
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Delegates at the policy session debated 29 policies, of which 27 were approved.
Dennis Ball graciously receives the Chamber Pot from the Leduc Chamber. The policy session
was moderated by ACC Past-Chair Carman McNary, who maintained decorum and comradery throughout.
The Grande Prairie Chamber does a short presentation skit on what their community has to offer for the 2018 ACC AGM.
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Daniel and Triva Chapman accept Ron Chapman’s life-time Chamber membership and scholarship in his name on his behalf.
The Fun night was a success at the Blackjacks’ Roadhouse & Games Room, Nisku.
9
CANADIAN CHAMBER OF COMMERCE
Alberta was proud to have the second-largest provincial delegation at the Canadian
Chamber’s AGM 2017, which was held from September 23 to the 26 in
Fredericton, New Brunswick.
Here are some highlights of the event:
• With chambers sending 60 delegates or providing ACC with
their proxies, Alberta was able to carry 120 votes, the second
highest of any province, at the policy session.
• Chambers in Alberta sponsored 10 of the 79 resolutions
presented at the policy session; all but one of which were adopted
by the national network.
• Alberta’s caucus displayed tremendous depth and knowledge throughout the
two-day session. Our diplomatic, articulate delegates provided strong leadership
on the floor and in pre-conference discussions with other chambers regarding
policy development and alignment with national business priorities.
• Federal Finance Minister Bill Morneau met with delegates during an open question
and answer session regarding the Government’s proposed tax changes.
Read the Canadian Chamber’s recap of the Conference.
See photos from the weekend.
Federal Finance Minister Bill Morneau talks to chambers about changes to corporate taxation.
FREDERICTON
60
45
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78 10
10
5
13
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
Atlantic
Territories
The 2019 AGM is in Thunder Bay, Alberta chambers will meet
in Ontario’s backyard to address emerging federal issues.
TIDBIT
Jonathan Seib, ACC Communications Manager presents on the topic of advocacy during a roundtable event.
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ROUNDTABLES
The ACC Roundtables for 2017 provided a combination of half-day and full-
day sessions. We completed a three-year partnership with Alberta Economic
Development and Trade with chambers hosting three Ready to Launch-Woman in
Business workshops. These workshops allowed for community chambers to add
immense value to their communities. These sessions were held in Lethbridge, Red
Deer and Fort McMurray. They were open to the public and free of charge. Guests
were treated to a full morning of presentations including:
• Access to Financing panel discussion.
• Learning to use the Business Model Canvas, presented by the Business Link.
• Succession Planning for Growth, presented by Alberta Women Entrepreneurs.
• Are You Export Ready? presented by Economic Development & Trade.
• Fabulous keynote addresses by local women in business.
After lunch, chamber staff and Board of Directors joined us for ACC specific
roundtable sessions.
Three additional and chamber centric Roundtables were held in Airdrie, Bonnyville
and Peace River where a variety of topics were presented on, engaging youth,
policy development, governance, value added programs, economic development
and the always informative; roundtable discussions.
Thank you to all those who participated and we look forward to seeing you at one
of six scheduled sessions in 2018!
Donna Courage of the Claresholm & District
Chamber of Commerce takes a picture with ACC
Staff members Tracy Acorn and Ken Kobly. 11
CHAMBER OF THE YEAR AWARDS
The ACC would like to thank all the chambers that applied in 2017. These decisions
are never easy ones for the ACC as all of you have a story worth telling! It goes
without saying that 2017 was a particularly busy year for chambers across Alberta
and as always, you rose to the occasion and assisted your members in navigating
what felt like ever changing waters. I challenge each of you to take some time and
start to make a list of what your chamber stands for, what you are excellent at, and
what you have done to forward the interest of businesses in your areas. We have no
doubt you would find you are all champions! Congratulations to the 2017 category
winners!
CHAMBER OF THE YEAR (MEMBERSHIP LESS THAN 150)
Claresholm & District Chamber of CommerceFor a chamber of 116 members, the Claresholm & District Chamber of Commerce all
but re-created itself in 2016. They welcomed a new president & vice-president, five
new directors, and had a growth in membership of 57% over the past two years.
The Claresholm chamber was involved in developing and launching new community
events driving the success for many retail businesses. The board has become highly
involved in advocating to their local MP, in collaboration with their Town, Economic
Development Committee, and Regional Chambers of Commerce.
They intend to grow and foster partnerships with like-minded organizations, to
better implement events and opportunities that drive change and to build a strong
economic future for
their community.
Good Work!
Sherri Bohme of the Cold Lake Regional Chamber of Commerce poses for a photo with ACC Board Member Shawna Miller.
12
CHAMBER OF THE YEAR (MEMBERSHIP BETWEEN 115-300)
Cold Lake Regional Chamber of CommerceThe Cold Lake Regional Chamber has a
membership of just under 300, and provides
a range of opportunities to network. The
chamber goes above and beyond to
encourage membership interaction and
success within the community. The Cold Lake
Chamber considers itself as the common
vehicle mobilizing enlightened members
from all segments of the business community
to work together for the common good and
to achieving economic success. Their vision is
to be a unified voice, progressive, supportive
and professional. Way to go!
CHAMBER OF THE YEAR (MEMBERSHIP BETWEEN 301 – 650)
Fort McMurray Chamber of CommerceThe Fort McMurray Chamber lives in a region with approximately 3900
businesses, of which over 550 are members. During a time of great challenge
they stepped up, with only two employees, and many volunteers the chamber
created a business recovery task force to address the devastation due to the
wildfires in 2016.
In response, the chamber created a grant proposal, and pushed a policy on
Reinstating the Wildfire Budget which was received with overwhelming support
at the 2016 ACC AGM. The Chamber became a main point of contact to direct
information for businesses during the disaster and they began a re-entry list
on their website that was visited more than 1000 times a day. In addition to
all the hard work in disaster relief this chamber continues to engage with the
community via their annual business awards gala that has grown from 130
attendees to 250 as well as running several successful trade fairs. The chamber
is dedicated to promoting growth and economic development, advocating for
sound public policy, and serving their members. Great job!
The Leduc Regional Chamber of commerce proudly displays their chamber of the year award.
13
CHAMBER OF THE YEAR (MEMBERSHIP OVER 651)
Leduc Regional Chamber of CommerceThe Leduc Regional Chamber of Commerce has a diverse membership base of 815,
a growth of nearly 200 members in the last year. The chamber is highly involved in
advocacy and has taken an active role through their Policy Committee at all levels
of government. Some of the policy issues that the chamber has taken part in are
carbon tax, minimum wage increases, and medical marijuana safety. In fact, the
chamber had created a “Hot Button” survey asking its members feedback on timely
issues creating a big impact with their local media.
Not only does the Leduc Chamber support their community members, it also
supports the Wetaskiwin chamber, to whom they provide management assistance
through a regional partnership. This Chamber team played a supportive role for
the Fort McMurray Chamber by providing office space and monetary donations for
rebuilding efforts. Well Done!
14
FALL BOARD MEETING AND DEPUTY MINISTERS’ DINNER
This year’s ACC annual Fall Board Meeting and Deputy Ministers’ Dinner established
a new benchmark for government engagement. Education sessions during the day
featured opportunities for communities as they face changes in demographics,
chamber engagement, effective advocacy, and skills and education for prosperity.
In the evening, delegates met with some of the Province’s top civil servants at the
annual Deputy Ministers’ Dinner.
Highlights included:
• Myth-busting a Chamber – Millennial divide (Panel Session with Q&A)
Community chamber testimonials and approaches
• Business Skills and Educating for Prosperity (Presentation with Q&A)
Aspen Heights MicroSociety
• Accelerating Chamber Engagement with Leaders of Tomorrow
Dr. Darryl Moore, Vice President, Marketing and Communications, Executrade
• Effective Advocacy with a Checkerboard of Politics (Panel Session with Q&A)
– Doug Noble, Vice President Strategy and Provincial Energy Policy, Global Public
Affairs
– Loren Remillard, President & CEO, Winnipeg Chamber of Commerce
– Brent Kossey, Senior Consultant, Navigator Ltd.
The Deputy Minister’s Dinner was facilitated by Jason Krips of Economic
Development and Trade. The ACC’s guests dialogued with Alberta’s civil servants,
including 22 other Deputy Ministers, 2 Assistant Deputy Ministers.
The ACC Executives lead the annual Fall Board Meeting.
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Myth-busting a Chamber – Millennial divide (Panel Session with Q&A).
The Medicine Hat & District Chamber Executive Director, Lisa Kowalchuk asks a question during the Q&A portion of the evening.
Alberta Economic Development and Trade Deputy Minister Jason Krips facilitates the dinner Q&A session.
2017 ADVOCACY TIMELINE
JAN. 18 | Municipal Affairs
Minister Danielle Larivée – Municipal
Government Act Modernization
MAY 4 | Labour Minister Christina Gray - Labour Relations Code
MAY 18 | Federal Transportation Minister Marc Garneau
JUN. 15 | Human Rights Commissioner
2017
FEB. | Employer-Paid Health & Dental Tax Benefits
MAY | Increased service level requirements for rail companies
APR. | Energy Efficiency
Rebates for Businesses and
Homeowners
MAR. 16 | Alberta Budget ScoreCard
APR. 11 | Letter regarding
Labour Relations
Code Review
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Tax Changes for Canadian Controlled Private Corporations (CCPC’s)
The Federal Government proposed changes which would have penalized entrepreneurs and family owned businesses. In partnership with the Canadian Chamber of Commerce, the ACC provided community chambers with infographics, form letters, and messaging resources to build grassroots support in opposition to proposed tax changes. The ACC engaged Premier Rachel Notley for her support, testified before the Parliamentary Standing Committee on Finance, and made a submission to Finance Canada.
Carbon Levy rebates for businessFollowing ACC recommendations, the Alberta
Government’s Climate Leadership Plan directed new funds towards energy efficiency rebates for both individuals and businesses, and new funds to applied research and development grants, renewable electricity incentives, education and awareness initiatives. These programs will help businesses reduce their carbon emission and thereby the associated costs of the carbon levy.
Multiple labour policy changes
In 2017, the Alberta Government reviewed and/or enacted changes to several key areas of labour policy which would have significant impacts on businesses’ cost structures. The ACC met with Labour Minister Christina Gray, attended consultations, made submissions and wrote letters to Ministers on changes to Alberta’s Labour Relations Code, Employment Standards, Workers’ Compensation Board, and Occupational Health and Safety Code.
Employer-Paid Health & Dental Tax Benefits
In the pursuit of new revenue sources, the Federal Government proposed to eliminate corporate income tax deductions for employer-paid health and dental plans. This change would have dramatically increased the costs for employers who provide essential benefits to their staff. Over 70% of Canadians receive benefits from employers. The ACC took a leading role in the network, encouraging grassroots activities and supporting campaigns by the Canadian Chamber of Commerce to ensure this proposal did not materialize into real policy.
WINS FOR BUSINESS
MEETINGS WITH OFFICIALS
CHAMBER SUBMISSIONS
J F M A M J
Want to learn more about our advocacy on behalf of business? GO TO OUR WEBSITE
The Alberta Chambers of Commerce (ACC) is active in engaging its provincial and federal
representatives on issues that are most important to Alberta businesses. This chart
maps the highlights for Alberta’s voice for business in 2017.
OCT. 5 | Consultation - Cannabis Framework
NOV. | Consultations – Worker’s Compensation Board and OH&S Legislation
NOV. — PRESENT | Engaging the new Alberta Parliamentary Secretary for Small Business RE: legislative changes and new costs
OCT. 12 | Alberta Labour Minister Christina Gray
NOV. 23 | MLA Heather Sweet re: smoking legislation
OCT. 25 | Fall Board Meeting
& Deputy Minister’s
Dinner
JUL. 17-19 | Premier’s Council of the Federation
AUG. 3 | Premier’s Council of the Federation
SEPT. 23-25 | Canadian Chamber of Commerce AGM & Policy Session
SEP. 13 | Alberta MP
Randy Boissonault
JUN. 14 | Letter on Modernization of NEB
JUL. 18 | New Policies sent to Provincial
and Federal Ministers and
Premier Notley
OCT. 20 | Joint Cannabis Framework Submission - Edmonton,
Fort Sask, Calgary
SEP. 29 | Submissions to the Parliamentary Standing Committee, Department of
Finance, and Premier Notley regarding Tax Planning Using
Private Corporations
AUG. —OCT. | Submissions and Infographic on
Federal Tax Changes
Alberta Chambers of Commerce is federation of 121 community
chambers who collectively represent 24,000 businesses.
OCT. | Federal government softens corporate tax changes with pressure from business
NOV. | Alberta adopts private retail for cannabis sales
DEC. | Federal rules on Foreign Direct Investment, supporting confidence for investors and accelerating FDI
NOV. —DEC. | Worker’s Compensation Board legislation does not preclude returning surpluses to businesses
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Rising costs for Small BusinessThroughout 2017 and going forward, the ACC
has delivered a key message in all of its advocacy, do not layer more costs on business. In October, MLA Jessica Littlewood of Fort Saskatchewan – Vegreville was appointed Parliamentary Secretary for Small Business. The ACC has brought this message to her and to Economic Development and Trade Minister, Deron Bilous. We continue to advocate for a Premier’s Council on Small Business to advise the Province on the unintended consequences of new policy and layered costs on business.
J A S O N D
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POLICY COMMITTEE
The Alberta Chambers of Commerce’s Policy Committee meets regularly to discuss
issues affecting business, policy development, advocacy initiatives and outcomes.
ACC encourages every chamber to consider appointing at least one representative
to the Policy Committee as the committee’s effectiveness expands with its
membership. While the Policy Committee generally works on a consensus basis,
chambers hold voting privileges, which are exercised when situations arise requiring
a vote.
The ACC is always pleased with the level of chamber interest in the Policy
Committee. For 2017/18, the committee had 43 representatives from 22 chambers.
Our Committee has identified six strategic priorities for our policy and advocacy
initiatives.
i. Labour
ii. Economic Development and Trade
iii. Environmental Stewardship and Resource Development
iv. Fiscal Responsibility
v. Transportation and Infrastructure Development
The committee meets regularly through conference calls until May, and then gathers
for an in-person meeting the day before the Annual Policy Session.
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The 2017/18 Policy Chair is Shauna Feth of Camrose, who is the Executive Director of the Alberta Business Family Institute.
Meetings include roundtables, which see chambers discuss their local advocacy
efforts, the economic situation in their region, and emerging concerns in their
communities.
The committee also meets as required when ACC needs to obtain feedback and
direction on emerging issues not addressed by existing policy.
As the February policy submission deadline approaches, participating in the
committee allows chambers to work together to develop policies of common
interest.
Chambers submit proposed policies to ACC in February and the Policy Committee
determines whether they meet the required criteria for presentation at ACC’s
Provincial Conference and Policy Session in May.
This year, volunteers from across the ACC’s network participated in working groups
whose goal was to provide submitting chambers critical feedback on proposed
policy resolution.
The ACC appreciates Chambers’ interest in participating in the Policy Committee.
This group’s work provides enables the ACC to recognize and react to issues facing
Alberta’s business community.
2017
20
26TH ALBERTA BUSINESS AWARDS OF DISTINCTION
Arts & Culture Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Grande Prairie Live Theatre Society (Grande Prairie)
Diversity Leadership Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA HUMAN RIGHT COMMISSION
NorQuest College (Edmonton Region)
The Alberta Chambers of Commerce presented the 26th Alberta Business Awards
of Distinction on February 24th, 2017 in Edmonton at the Edmonton Airport
Renaissance Hotel. This was a fun and exciting night for finalists and winners. The
event was a terrific opportunity for entrepreneurs and business representatives
to meet, connect, cheer each other on, and enjoy wonderful food and drink. We
honoured two winners for the Employer of Youth Award, and Tiny Toes Castle (Red
Deer) was the recipient of awards in two categories.
The event was held at the Edmonton Airport Renaissance Hotel.
2017 ALBERTA BUSINESS AWARDS OF DISTINCTION WINNERS
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Eagle Feather Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Samson Management Ltd. (Maskwacis)
Employer of Persons with Disabilities Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Tiny Toes Castle Ltd. (Red Deer)
Employer of Youth Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
EverLine Coatings and Services Ltd. (Calgary / Edmonton)
Tiny Toes Castle Ltd. (Red Deer)
Export Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA GOVERNMENT
Weddingstar Inc. (Medicine Hat)
Indigenous Relations – Best Practices Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
CN (Edmonton)
Finalists enjoy the reception before the awards program.
Peter Brown the Awards MC for the 4th consecutive year.
Jason Leslie interviews a guest attending the 2017 Alberta Business Awards of Distinction.
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Marketing Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Alberta Construction Safety Association (Edmonton)
Small Business Award of DistinctionIN PARTNERSHIP WITH THE CPA
ViewTrak Technologies Inc. (Edmonton)
Women Entrepreneur Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Kids Uncomplicated Inc. (Edmonton)
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Small Business Award of Distinction winner ViewTrak Technologies Inc. poses for the camera.
iPad Winner LA Chefs Catering
and Events LTD (Lethbridge).
Young Entrepreneur Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA CHAMBERS OF COMMERCE
Integrity Post Structures Ltd. (Okotoks)
Premier’s Award of DistinctionIN PARTNERSHIP WITH THE ALBERTA GOVERNMENT
QinetiQ Target Systems (Medicine Hat)
iPad WinnersIN PARTNERSHIP WITH INVEST IN YOU
LA Chefs Catering and Events LTD (Lethbridge)
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ACC EXCELLENCE SUMMIT DISNEY INSTITUTEFor nearly three decades, Disney Institute has helped professionals discover ways
to positively impact their organizations and the customer they serve through
immersion in leadership, service and employee engagement.
There are five powerful lessons in business, which have been carefully developed
by the Disney organization in its never-ending pursuit of excellence. These universal
pillars of a successful business—leadership, culture, service, brand and innovation—
are the keys to sustained business excellence.
Together, these lessons forge an enduring bond between inspired leaders,
motivated employees, satisfied customers, and an ability to drive stakeholder value.
The ACC has partnered with Invest in You for the past two years to bring Disney’s
Excellence Training to Alberta. This partnership has been so successful we
sponsored, and SOLD OUT the first two ever ACC Excellence Summits in Canada
in 2017! People from all over the country came to Edmonton to take part in these
three-day Summits.
Sherry Kennett and her Team at Invest in You, have been amazing to work with
and stellar in establishing connections with businesses who want to be part of this
renowned training. In 2018 we have a Summit taking place at the Fantasyland Hotel
April 24-26th and another sellout is expected.
Thank you to those chambers who came on as Marketing
Partners and shared with your business communities! For
more information visit investinyou.today.
Event attendees pose with some of their favorite Disney Characters at the Ronald McDonald House Fundraiser.
25
An attendee of the ACC Excellence Summit – Disney Institute shows off her mouse ears!
ACC promotes the Excellence Summits at its Deputy Minister’s Dinner (Lorna Rosen, Deputy Minister Treasury Board and Finance and Ken Kobly, ACC President & CEO).
Tracy Acorn of the ACC is all smiles.
26
ALBERTA CHAMBER EXECUTIVES
The Alberta Chamber Executives (ACE) is an association of chamber staff from across
the province. Through membership in ACE, chamber professionals are provided with
opportunities to share ideas and management strategies.
ACE members gather every year for a professional development summit, where they
participate in discussions and partake in professional development sessions. The Fort
Saskatchewan Chamber of Commerce hosted the 2017 ACE Summit from July 12 to 14.
The 56 participants at the 2017 Summit took part in a variety of fabulous and fun
educational sessions. ACE members participated in break-out sessions where Joy
Monsma provided practical tips, tools and tactics for staving off irrelevance and
creating cultural vibrancy; Dr. Darryl Moore shared strategies for Engaging Youth;
and Jillian Swanson and Jenelle Butler of Brownlee LLP, facilitated a discussion on
cannabis legislation and workplace impairment. Attendees had an amazing dinner and
choice of tours at the Fort Saskatchewan Museum and Historical site during during
the Fun Night.
While the ACE Summit is the most comprehensive gathering of chamber
professionals, the organization also holds meetings in conjunction with the Alberta
Chambers of Commerce’s events. Its executive committee also meets monthly via
teleconference.
The 2018 ACE Summit will be held in Innisfail, July 11-13th with a “Welcome to the
Jungle” theme.. ACE members look forward to another great year of education,
professional development and networking. Registrations for the Summit are available
on the ACC website abchamber.ca and visit abchamberexecutives.ca for more
information about ACE.
At the Chair’s Dinner held annually during the ACC`s provincial conference, ACE
presents the Chamber Executive of
the Year Award to a executive chosen
annually by their peers. Nomination
submissions are available each spring in
survey format.
ACE Executive of the Year Award recipient Dione Chambers, Executive Director of the Fort Saskatchewan Chamber of Commerce.
Bursary Recipents.
ACE attendees enjoying an education session provided at the summit.
Group shot from the 2017 ACE Summit.
ACE Members enjoying fun night at the Museum and Historical site.
27
ACE President, Jennifer Garries presented
the ACE Executive of the Year Award to
Dione Chambers, Executive Director of the
Fort Saskatchewan Chamber of Commerce.
Shortly after hosting the Summit, Dione
left the Fort Saskatchewan Chamber of
Commerce. She is missed by the Alberta
chamber network who are comforted by
the fact that she is still in “Chamberland”,
serving as the General Manager for the
Greater Vernon Chamber of Commerce.
28
SPONSORSHIP OPPORTUNITIES
The Alberta Chambers of Commerce hosts a variety of events each year in order
to raise the profile of Alberta business in our province and across Canada. These
functions include:
Alberta Business Awards of Distinction
The most influential business awards in the province are presented annually by the
Alberta Chambers of Commerce. This event is funded by the business community,
for the business community. The Awards recognize excellence in Alberta business,
and are attended by over 250 business leaders and representatives from various
levels of government, in support of finalists and entrepreneurs. The highlight of the
gala is the presentation of the newly renamed Alberta’s Best of Business Award of
Distinction.
Political Action Day
The leaders of Alberta’s opposition parties attend Political Action Day during
the daytime portion of the event to speak to our guests and answer questions.
The evening includes a networking opportunity with members of the provincial
government caucus during a cocktail reception and dinner. This function offers an
excellent opportunity to meet one-on-one with key government leaders.
Provincial Conference & Policy Session
Our three-day conference sees chamber representatives gather for education
sessions, networking opportunities, our Annual General Meeting, and the annual
policy session. The hosting chamber makes sure the event isn’t all work, by hosting
“Fun Night” on the Friday. The conference concludes with the Chair’s Dinner, when
the Chamber of the Year Award is presented.
Fall Board Meeting and Deputy Ministers’ Dinner
This full-day function begins with education sessions presented by knowledgeable
and respected experts. The Deputy Ministers’ Dinner in the evening provides an
opportunity to network with the provincial officials who lead Alberta’s ministries.
MP Dinner
This dinner provides attendees an opportunity to discuss matters of national
importance with members of the federal government’s Alberta caucus.
29
CORPORATE MEMBERS
50Free Calls
A.P. Reid (formerly Robinson Insurance Brokers Ltd.)
ADTEL Inc.
AFSC*
Alberta Chamber of Resources
Alberta Hotel & Lodging Association
Alberta Real Estate Association
Alberta Road Builders & Heavy Construction Association
Alberta Urban Municipalities Association
Alberta Utilities Commission
Alberta Weekly Newspapers Association
AltaSteel
APEGA(Association of Professional Engineers, Geoscientists of Alberta)
Association of Alberta Registry Agents
ATB Financial
ATCO
Athabasca University
Axia SuperNet Ltd.
BDC
Bennett Jones LLP
Border Paving Ltd.
Building Trades of Alberta
Business Link
BILD Alberta (former Canadian Home Builders Association)
Canadian National Railway
Cenovus Energy Inc.
City of Edmonton
College of Physicians & Surgeons
Concordia University College of Alberta
Concrete Alberta*
Constant Contact
CPA Alberta
Credit Union Central of Alberta
Dentons Canada LLP
Doyle & Company
Dynalife
Edmonton Airports
Enbridge Inc.
EnCana Corporation
EPCOR
Fairmont Hotel Macdonald
First Data*
Foresight Canada
Graymont Western Canada Inc.
CHPR (formerly HRIA)
Indus Travel
INSTIT
Johnson Insurance
Kinder Morgan
Marasco Consulting Ltd.
Matheson Insurance/ Sherwood Park Registries
Micronet Inc.
Northern Alberta Institute of Technology
Oxford Properties Group
Purolator Courier Ltd.
RBC Financial Group
Rogers Communications Inc.*
Rural Physician Action Plan (The Alberta)
Scotiabank
Servus Credit Union
SMS Equipment Inc.
Stantec Consulting Ltd.
Suncor Energy Inc.
Syncrude Canada Ltd.
TELUS Corporation
The Online Safety Training Network*
TransCanada Pipelines
WCG International Consultants
Western Management Consultants
Westin Hotel Edmonton
Willoughby & Associates Inc.
Xerox, The Document Company Canada
Yellow Pages Group Corp.
* NEW MEMBERS
ACC Policy Manager Jonathan Seib & Ron Chapman take some time out of their busy schedule to pose for a photo.
30
RON CHAPMAN EXCELLENCE IN GOVERNANCE SCHOLARSHIP
For 35 years, Ron Chapman supported good governance and policy development
throughout the chamber federation, chairing the annual policy sessions of both the
Alberta Chambers of Commerce and Canadian Chamber of Commerce. In 2017, Ron
Chapman received a lifetime honourary membership with the ACC and is the only
individual to hold such an honour in the organization’s history. Ron is also one of
only a handful of Canadians to have achieved 50 years as a Toastmaster, providing
many organizations across Canada, including chambers of commerce, his vast
knowledge of parliamentary procedure and effective governance.
The Ron Chapman Excellence in Governance Scholarship is awarded to individuals
who are members of community chambers of commerce and are seeking to
advance their skills and qualifications in parliamentary procedure. Applicants must
outline in detail what eligible expenses they will incur in the coming year which
contribute to their development, education, and certification in parliamentary
procedure (example eligible expenses are listed below). The Scholarship will provide
up to 3 awards of 100% of eligible costs to a maximum of $325 per person per year.
Caption: Ron Chapman Chairing a Policy Session.
31
ELIGIBLE COSTS
• Tuition for courses on relevant topics. For example,
– Web-based courses offered by the National Associations of Parliamentarians
– Introduction to Parliamentary Procedure: Dynamics of Leadership Course
(University of Wisconsin online course)
– Other workshops and relevant training
• National Association of Parliamentarians Membership Fee
• Other Courses (as approved by the ACC selection committee)
THE DEADLINE FOR APPLICATIONS FOR 2018 IS JULY 1. RECIPIENTS WILL BE ANNOUNCED BY AUGUST 1.
TO QUALIFY, APPLICANTS MUST,
• A member in good standing or an employee of a member in good standing of a
community chamber of commerce which is a member of the Alberta Chambers of
Commerce
• Complete the application form available on the ACC website.
Applicants will be judged based on the nature of the costs incurred, their level of
involvement in their community chamber of commerce, and whether they have
been awarded the scholarship in the past.
32
VALUE-ADDED PROGRAMSPREFERRED MEMBER RATES FOR ALBERTA CHAMBERS MEMBERS
Why Chambers Plan? Simple, Smart, Stable Employee benefits are an important tool used by employers to attract new employees and retain experienced ones. The Chambers Group Insurance Plan is Canada’s largest group benefit program for small business, serving over 25,000 firms. If you are a Farm or Ranch we can build a plan for you too!Contact your local Chamber or visit www.chamberplan.ca for a free quote
visit
Group Benefits with a Difference. Simple. Stable. Smart.
“Opportunity Rings” with the On Hold Marketing Program; Chamber Members save 20% Professional on hold messaging is an excellent way to boost sales, reduce hang-ups and enhance your corporate image. Ask about our computer networking services, paging systems, accessories and digital signage solutions.Visit www.adtel.com or call Gerry Gerling or Betty Ferraton @ 1-800-661-9999 use Promo Code: SAVE20ACC
Payment solutions you can rely on – As an Alberta Chamber Member, we know you work hard for your business, your employees and your family. And we think you deserve a break.MEMBERS BENEFITS:• Merchant Solution rates starting at 1.47%, Interac $0.05• No Set-up fees for your merchant account• Unlimited Business Banking Account for only $30/
month (regular price $60/month)• No Annual Fee on an ATB business MasterCard for one
yearCall 1-855-941-4912 or e-mail [email protected]
The preferred shipping partner of the Alberta Chamber of CommerceAs a member of your local chamber of commerce you can receive volume discounts up to 30% on Purolator Express® and Purolator Ground® services.Use the Purolator Mobile App, E-Ship Services and Online Billing options.Visit www.Purolator.com/acc for more information or to register your business
Email-Events-Social Media-SurveysA complete marketing solution that helps you connect with customers and build your business. Save up to 25% when you sign up through your local Chamber of Commerce, even if you’re already a Constant Contact user!Visit www.ConstantContact.com/partners/chamber or call 1-800-221-2793. Email [email protected]
Whether you’re a single sales force or a large fleet Esso will give you exceptional fuel savings and help you manage your costs. Esso proudly has over 1800 stations across Canada.Member businesses and their employees save 3.5¢/litre off retail posted prices. Visit www.essofleetoffers.com/AB-CHAMBER/ to learn more or sign up today
Realize significant savings, convenience, control and security. Discounts of $0.02/litre on all grades of gas and diesel, 20% discount on car washes and 3% discount on vehicle propane. Petro-Canada also introduces their pre-paid card, available in denominations of $10, $25, $50 and $100. A minimum of 200 litres/ month must be purchased to qualify for this discount.Visit your local Chamber to apply now
Maintain Control, save time and money with Esso Business Cards
Fuel Discount Program
Husky is very pleased to present a Group Plan commercial credit card program to all Chamber of Commerce members. Receive a $0.02/litre discount with no minimum volume requirements at any Husky/Mohawk location. Other benefits include saving time, getting great service, and enjoying quality products while working with a great business partner. Canadian owned!Visit your local Chamber to apply now
Best Rate Home & Auto Insurance Johnson Inc. offers Chamber members discounted Home and Auto insurance. In addition to exceptional coverage and premiums, Johnson Inc. also offers 1 Air Mile for every $20 in premium.Quotes available by telephone 1-800-563-0677, or visit www.Johnson.ca/acc to access rate information
Fuel Discount Program
33
Chamber Merchant Services: credit card processing to help drive Business Success Let us analyse your latest statement and we will meet or beat your current rates. Visit www.chambermerchantservices.ca, email [email protected] or call 1-888-265-4117
The Alberta Chambers of Commerce has created an Audio Conferencing, Web Conferencing and Webcasting Affinity Program for its members. This includes:• 3.5¢/min Audio Conferencing rate for Chambers• 4.5¢/min Audio Conferencing rate for Chamber
Members• Electronic Invoicing, bilingual operator assistance, no
contracts or activation feesCall 1-855-253-4780 x 9771 or phowser@evolvecollaboration
A benefit OpportunityAudio Conferencing, Web Collaboration, Webinar Services
VersaPay is pleased to offer ACC members preferential rates on Visa, MasterCard and Interac merchant processing.Visa and MasterCard 1.49% + 10¢ per transaction under $100 ATS Interac 0.04¢ per transaction.$34.99/month for high speed terminal.Call Derek Nyen 866-489-6607 or visit www.versapay.com
Did you know that Matheson Insurance has partnered with Economical Select® to offer members of the Alberta Chamber of Commerce exclusive group rates on car and home insurance? That means you can enjoy:• A discount on car insurance• A discount on home insurance• Potential extra savings when claims-free, conviction-
free, or bundling multiple policiesContact Geoff today to see how much you could save!Phone 780-417-2144 Email [email protected]
It’s easy to get started and gets immediate results for your business.Let 50FreeCalls.com help with your online marketing and watch your customer base grow. We will work with you to understand your online marketing needs, then develop custom ads that run on a specific schedule to maximize the number of people who call you - and we are the nicest in the biz!Special pricing for Chamber Members. Call today! 50FREECALLS.COM 1-844-450-FREE (3733)
The Online Safety Training Network is Canada’s largest Online Safety and Soft Skill training provider.
SAVE 20% • 500+ ONLINE COURSES
Get Your Preferred Pricing Code Herehttps://esafetynet.ca/ab-chambers-commerce/OR CALL 1 855 315 0555Online Learning Saves Time and Money esafetynet.ca – 855 315 0555 – [email protected]
Canadian-owned Payworks provides comprehensive, innovative, and integrated online Payroll, HR, and Employee Time Management solutions to businesses across Canada. Our integrated online solutions increase payroll accuracy and reduce costly errors. They are easy to use, and like all Payworks solutions, they are backed by unparalleled client support. Our goal is to help you run your payroll as quickly and easily as possible, while maintaining the highest levels of accuracy, reliability, and service.Contact Devin Chatterjee @ 1-866-729-9679 or Angela Peskett @ [email protected] or [email protected]
Our specifically Tailored program offers preferred rates for your Chamber and your members insurance needs. Including coverage for:• Directors & Officers Liability• Special Events Coverage including Host Liquor Liability• Property & Crime and moreThrough their highly regarded and experienced team of professionals, Foster Park delivers exceptional standards of service, competence and a competitive pricing advantage. To find out more about the Chamber Advantage with FPB Contact: Wanita Quaia, Account Executive, Direct: 780-930-4399, Fax: 780-486-0169, Email: [email protected]
It’s easy with VersaPay!
Welcome to your group advantage®
Members have an Audio, Web and Video Conferencing Affinity program 5.0¢ Audio Conferencing Rate; that is 45% below the industry average for rates.Contact Pamala Mathews @ 1-877-299-7070 ext. 4018 or [email protected]
A Membership Opportunity!
Not Just a service provider - your
business partner
ACC negotiates value-added programs on behalf of the province’s chamber federation. These programs are available to business members of Alberta’s community chambers.
34
The following is a discussion of the strategic plan and 2018 outlook, as well as
the financial position, results of operations, and cash flows for the year ended
December 31, 2017, for ACC. ACC reports its financial results under Canadian
accounting standards for not-for-profit organizations.
MANAGEMENT’S DISCUSSION AND ANALYSISMARCH 20, 2018
ACC OVERVIEW, MISSION & OBJECTIVES, GOVERNANCE AND STRATEGY
ACC is a federation of 121 community chambers of commerce, which in turn
represent approximately 24,000 businesses in Alberta. In addition, ACC also has
72 corporate members who are also members of a community chamber. ACC is a
not-for-profit, self-governing organization incorporated under the Societies Act of
Alberta.
MISSION
“The Alberta Chambers of Commerce, a federation of community chambers, is the
advocate for Alberta business.”
ACC exists to provide support to our federation of chambers. ACC has at least one
community chamber in each federal and provincial electoral riding. These facts,
coupled with the reality that the policies we advocate for are grassroots-driven,
permit us to be the premier advocate for business in Alberta.
ACC VISION
“The Alberta Chambers of Commerce, will be the premier organization representing
Alberta business.”
WHAT WE STAND FOR
• Professionalism
• Honesty, trust and integrity
• Teamwork and mutual respect
• Achievement and continuous self-improvement
• Respect and dignity
• Diversity
• Transparency
35
KEY PERFORMANCE DRIVERS
As an organization operating in the not-for-profit sector, ACC is not driven solely
by financial results, although financial indicators are relied upon to ensure the
resources entrusted to it are used in an efficient and appropriate manner. Several
non-financial indicators are also used and play a significant role in what drives the
organization and how performance is gauged. ACC annually reviews, through a
review of its strategic plan, its deliverables and priorities to ensure these continue
to be well-aligned with its mandate. Ensuring ACC accomplishes what it sets out
to do is one of its most important performance indicators. Specific deliverables
are identified, along with the projected resources needed and the time horizon
expected. Deliverables are expected to be completed on time, within budget, and at
the highest quality possible.
OBJECTIVES
To achieve this mission, ACC will:
• Serve ACC stakeholders (chamber members, corporate members, sponsors,
industry and government).
• Build the relationship and continuity which has been established with media; be
the “first call” on business issues.
• Provide responsive and informed policy comment and advocacy.
• Continue to strengthen the identity and style that encourages program
participation and influence.
• Build on policy advocacy and community chamber involvement.
• Promote confidence in ACC.
• Ensure sufficient financial resources to achieve objectives.
• Support and develop the “chamber federation” concept.
STRATEGIES
To accomplish our objectives, ACC will:
• Encourage and promote professional development for volunteers and staff.
• Develop a new activity or undertaking to advance the ACC profile and relevance
to members.
• Consider a new event to create revenue and profile for the ACC (combined with)
increasing profile, relevance, impact and worth of events.
36
• Continue to improve media relations, explore new media opportunities, and
monitor success of media strategy.
• Search for new strategies to get ACC’s message to decision makers of all political
stripes and orders of government.
• Increase effective two-way contact with community chambers.
GOVERNANCE
The ACC Board of Directors consists of the elected Presidents/Chairs of each of the
121 community chambers of commerce in the province. The term served on ACC’s
board coincides with their term as President/Chair of a community chamber. The
board elects a six-member Executive Committee to conduct business and represent
ACC (see Page 2 for members).
HUMAN RESOURCES PERFORMANCE
The quality of ACC’s work environment and its ability to attract and retain highly
skilled people are important indicators of ACC’s capacity to deliver results. The
appropriateness and level of support for staff training and development; fair and
reasonable working conditions and compensation practices; staff morale; and
staff turnover all help to gauge ACC’s success at providing a high-quality working
environment.
FINANCIAL PERFORMANCE
ACC sets financial targets annually through the budget process. ACC’s performance
is determined by the extent to which financial objectives identified in the budget
for the fiscal year are met and how effectively the financial resources of ACC are
managed. Measurement is based on actual financial results for the year, compared
to the budget and prior year.
CAPABILITY TO DELIVER RESULTS
ACC’s capability to deliver results is discussed in four areas: Capital Resources and
Liquidity; Net Assets; Non-Financial Resources; and Systems and Processes.
CAPITAL RESOURCES AND LIQUIDITY
At December 31, 2017, ACC had a cash and cash equivalent balance of $906,362
versus $897,868 at December 31, 2016. ACC’s marketable investment consists solely
of fixed income GIC’s which will mature from January 2018 to November 2018 and
have interest rates of .5% to 2.45%. ACC accounts for its marketable investments at
fair value. During the year, ACC acquired property and equipment totaling $3,251
37
($25,602 – 2016). ACC believes that its current cash balance and anticipated cash
flow from operations is sufficient to meet its working capital and capital expenditure
requirements. Current Assets at December 31, 2017, were $491,754 ($547,752 – 2016)
and Current Liabilities at December 31, 2017, were $193.970 ($255,175 – 2016). This
indicates an increase in liquidity of the organization in the amount of $5,027 when
we compare December 31, 2017, to December 31, 2016.
NET ASSETS
Net assets at December 31, 2017, amounted to $827,694 ($831,467 – 2016) and
consisted of $30,090 ($38,890 – 2016) invested in capital assets, $500,000
($500,000 – 2016) of internally restricted net assets and $297,604 ($292,577 –
2016) of unrestricted net assets.
UNRESTRICTED NET ASSETS AND INTERNALLY RESTRICTED NET ASSETS
ACC believes that unrestricted net assets should be maintained to ensure a stable
financial base sufficient to:
• Avoid major fluctuations in member fees from year to year.
• Cover unpredictable costs.
• Finance property and equipment purchases.
Further, ACC believes that net assets should be restricted to an amount equivalent
to three to six months operating expenses. As ACC is dependent upon its events
as a major source of income, net assets have been restricted in the amount of
$500,000 in the event one of our events is cancelled or financially compromised.
This year was the first year that one of our events Political Action Day was cancelled
due to scheduling conflicts.
NON-FINANCIAL RESOURCES
ACC relies heavily on experienced volunteers and employees to enable it to carry
out its mandate. ACC has an experienced team of directors, staff and volunteers,
and well-developed processes.
SYSTEMS AND PROCESSES
ACC maintains systems of internal accounting and administrative controls of high
quality, consistent with reasonable cost. Such systems are designed to provide
reasonable assurance that the financial information is relevant, reliable and accurate
and that ACC’s assets are appropriately accounted for and adequately safeguarded.
ACC believes there are no deficiencies that would impair its ability to provide
reliable and timely disclosure or affect its ability to execute its strategic plan.
38
Event Income vs. expenditures negative variance $(91,510)
Group Insurance Admin. Fees positive variance 15,983
Other Revenue positive variance 85,951
Membership Fees
(Corp & Chambers)
negative variance (35,643)
Travel Staff and Executive positive variance 25,755
Salaries and Benefits positive variance 531
Bad Debts negative variance (6,675)
Rent positive variance 1,716
Amortization negative variance (4,851)
Other Expenses positive variance 4,891
2018 BUDGET SUMMARY
The 2018 budget was distributed to all community chambers in December 2017.
The accounting policies applied in preparation of the budget are consistent with
those applied in the financial statements for the year ended December 31, 2017, as
stated in the notes to the financial statements. However, as with any budget, actual
results for 2018 may vary from the information presented. Ongoing reporting is
presented at every board meeting and quarterly financial statements are emailed to
all community chambers.
RESULTS YEAR ENDED DECEMBER 31, 2017
The net negative variance from 2017 budget to 2017 actual was $3,852 The negative
variance is the equivalent of .003% of budgeted expenditures. Major categories
contributing to this overall negative variance are as follows:
FUNDING AND FINANCIAL RISKS
ACC relies on member fees, event registrations and sponsorships, and value-added
program administration fees. We have cautious optimism for 2018, however, ACC
will need to, just as any other Canadian organization or business, continue to be
mindful of expenditure control.
HUMAN RESOURCES
ACC depends on the services of volunteers to carry out some of its objectives.
The talent and expertise of ACC volunteers are valuable resources to ACC. A risk
39
Today, 121 chambers of commerce belong to Alberta’s chamber federation, making us the largest business network in our province.
Our members stretch across the province and, in turn, represent the 24,000 local businesses that work every day to drive Alberta’s economic engine.
exists that, in the future, needed volunteers may not be as willing or able to devote
their time and talents to ACC. Without these valuable resources, there is a further
risk that knowledge would be lost and significant cost would be incurred by ACC.
Volunteer recruitment and board orientation and training programs are used to help
manage risk in this area. ACC wishes to express its appreciation to all volunteers
who give of their time to benefit and strengthen the federation.
FORWARD-LOOKING STATEMENTS
Certain statements in this Annual Report and this Management Discussion &
Analysis are forward-looking statements subject to risks and uncertainties. A
number of factors could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited to,
fluctuation in the number of community chambers and corporate members, as well
as sponsorship decisions of our valued sponsors.
The use of International Financial Reporting Standards (IFRS) is now required for
publicly accountable profit-oriented enterprises. The framework for not-for-profit
organizations is presently defined by CICA section 4400 – 4460 and these sections
have been adopted by ACC. As the premier business organization in Alberta, we
felt it important, although not required, to publish this Management Discussion and
Analysis.
40
INDEPENDENT AUDITOR’S REPORT
INDEPENDENT AUDITOR'S REPORT
To the Members of Alberta Chambers of Commerce
We have audited the accompanying financial statements of Alberta Chambers of Commerce, which comprise the
Statement of Financial Position as at December 31, 2017 and the Statements of Operations, Change in Net FinancialAssets, and the Statement of Cash Flows for the year then ended, and a summary of significant accounting policiesand other explanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance withCanadian accounting standards for not-for-profit organizations, and for such internal control as managementdetermines is necessary to enable the preparation of financial statements that are free from material misstatement,whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our auditin accordance with Canadian Audit Standards. Those standards require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance whether the financial statements are free from materialmisstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financialstatements. The procedures selected depend on the auditor's judgment, including the assessment of the risks ofmaterial misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,the auditor considers internal control relevant to the entity's preparations and fair presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose ofexpressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of accounting estimates made by management, aswell as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion.
Opinion
In our opinion, these financial statements present fairly, in all material respects, the financial position of the Alberta
Chambers of Commerce as at December 31, 2017, and its financial performance and its cash flows for the year thenended in accordance with Canadian accounting standards for not-for-profit organizations.
Edmonton, AlbertaMarch 20, 2018 Chartered Professional Accountants
41
Alberta Chambers of Commerce
Statement of Financial Position
As at December 31, 2017
2017 2016
$ $
Current AssetsCash 144,068 145,476Restricted funds (Note 3) 69,453 69,592Short term investments (Note 4) 192,841 182,800Accounts receivable 70,134 103,384GST receivable 13 7,969Inventories (Note 5) 1,551 3,520Prepaid expenses 13,514 35,011
491,574 547,752
Capital assets (Note 6) 30,090 38,890
Long term investments (Note 4) 500,000 500,000
1,021,664 1,086,642
LiabilitiesAccounts payable 51,059 69,055Chamber relief trust (Note 3) 69,453 69,592Deferred revenue (Note 7) 73,458 116,528
193,970 255,175
Net AssetsEquity in unrestricted net assets 297,604 292,577Equity in internally restricted net assets (Note 8) 500,000 500,000Equity in capital assets 30,090 38,890
827,694 831,467
1,021,664 1,086,642
Approved by the Board of Directors:
___________________________________Chair: Chris Dugan
___________________________________Treasurer: Bruce Galts
The accompanying notes form part of these financial statements.1.
Alberta Chambers of Commerce
Statement of Change in Net Assets
For the year ended December 31, 2017
Investedin Capital Internally 2017 2016
Assets Restricted Unrestricted Total Total$ $ $ $ $
Balance, beginning of year 38,890 500,000 292,577 831,467 776,524
Excess (Deficiency of revenue over expenses - - (3,773) (3,773) 54,943
Capital asset additions 3,251 - (3,251) - -Current amortization (12,051) - 12,051 - -
Balance, end of year 30,090 500,000 297,604 827,694 831,467
The accompanying notes form part of these financial statements.2.
Alberta Chambers of Commerce
Statement of Operations
For the year ended December 31, 2017
2017 2017 2016
Budget Actual Actual(Unaudited)
$ $ $
RevenueCommunity chamber memberships fees 240,000 242,607 239,133Corporate membership fees 169,800 131,550 139,475Event registrations and sponsorships 356,500 202,947 342,818Group insurance administration fee 332,400 348,383 331,101Interest 8,520 10,041 9,914Value added administration fees 92,200 96,334 72,293Other revenue 24,000 104,296 77,457
1,223,420 1,136,158 1,212,191
ExpendituresAmortization 7,200 12,051 10,418Bad debts - 6,675 11,346Bank charges 3,000 3,156 4,004Communications 11,700 10,570 12,023Corporate relations and promotions 9,000 3,592 5,944Equipment leases 9,000 8,889 8,913Events 235,750 173,707 211,467Insurance 4,800 3,856 4,278Office 32,900 40,010 44,812Professional fees 18,600 18,976 18,815Rent 65,805 64,089 64,794Salaries and benefits 714,456 713,925 663,360Staff training 12,000 173 8,813Subscriptions and memberships 7,730 14,617 13,503Travel - executive 41,800 30,783 27,774Travel - staff 49,600 34,862 46,984
1,223,341 1,139,931 1,157,248
Excess (Deficiency) of Revenue over Expenditures 79 (3,773) 54,943
The accompanying notes form part of these financial statements.3.
Alberta Chambers of Commerce
Statement of Cash Flows
For the year ended December 31, 2017
2017 2016
$ $
Operating Activities
Cash received from fees, registration, and sponsorships 1,124,253 1,152,350Cash paid to suppliers and employees (1,122,549) (1,052,280)Interest received 10,041 9,914
11,745 109,984
Investing Activities
Decrease (increase) in investments (10,041) (59,216)Purchases of capital assets (3,251) (25,602)
(13,292) (84,818)
Increase (Decrease) in Cash During the Year (1,547) 25,166
CASH - Beginning of year 215,068 189,902
CASH - End of year 213,521 215,068
Cash is comprised of:
Cash 144,068 145,476Restricted cash (Note 3) 69,453 69,592
213,521 215,068
The accompanying notes form part of these financial statements.4.
42
Alberta Chambers of Commerce
Notes to the Financial Statements
December 31, 2017
Description of the Organization
Alberta Chambers of Commerce ("Alberta Chambers") is incorporated under The Societies Act of Alberta as a non-profit, non-taxable organization. Alberta Chambers establishes and maintains a reciprocal relationship with localcommunity Chambers and Alberta businesses in order to lobby effectively on behalf of businesses at the provincialand national government levels.
1. Significant Accounting Policies
These financial statements have been prepared in accordance with Canadian Accounting Standards for Not-for-Profit Organizations ("Part III") of the CPA Canada Handbook - Accounting. Significant accountingpolicies are described below:
(a) Amortization
Capital assets are recorded at cost and amortized annually with a corresponding reduction in Equity inCapital Assets. Assets are amortized over their expected useful life using the declining balance methodat the following annual rates, except in the year of acquisition when one-half the normal rate isapplied. No amortization is recorded in the year of disposal.
Computer Hardware 30%Computer Software 100%Office Equipment 20%
(b) Revenue Recognition
Alberta Chambers of Commerce follows the deferral method of accounting for revenue. Unrestrictedcontributions are recognized as revenue when received or receivable if the amount to be received canbe reasonably estimated and collection is reasonably assured.
Membership fees, which are voluntary, are recorded as revenue on a calendar year basis. The portionof membership fees collected in a current year that provide members benefits in the following year(s)are deferred and recognized as revenue in the year the benefits are received.
Revenues and expenses related to projects or events are deferred until the fiscal year in which theytake place.
(c) Cash & Cash Equivalents
Cash and cash equivalents consists of bank deposits and savings accounts with a term of three monthsor less.
(d) Term Deposits
Term deposits are recorded at fair market value, and are classified as short or long term depending onthe investment maturity date.
5.
Alberta Chambers of Commerce
Notes to the Financial Statements
December 31, 2017
1. Significant Accounting Policies - continued
(e) Financial Instruments
(i) Measurement of financial instruments
Alberta Chambers of Commerce initially measures all of its financial assets and liabilities at fairvalue, except for certain non-arm's length transactions.
Alberta Chambers of Commerce subsequently measures all of its financial assets and liabilities atamortized cost, except in equity instruments that are quoted in an active market, which aremeasured at fair value. Changes in fair value are recognized in net income.
Financial assets measured at amortized cost include cash, restricted funds, investments, accountsreceivables and GST receivable.
Financial liabilities measured at amortized cost include accounts payable.
(ii) Impairment
Financial assets measured at cost are tested for impairment when there are indicators ofimpairment. The amount of the write-down is recognized in net income. A previously recognizedimpairment loss may be reversed to the extent of the improvement, directly or by adjusting theallowance account, provided it is no greater then the amount that would been reported at the dateof the reversal had the impairment not been recognized previously. The amount of the reversal isrecognized in net income.
(f) Contributed Goods or Services
The Alberta Chambers of Commerce receives the benefit of donated goods and services fromindividuals and organizations. The value of these contributed goods or services are recorded at fairmarket value in the financial statements. Volunteer time is not reflected in these statements.
(g) Inventories
Inventories are recorded at the lower of cost and net realizable value. Cost is determined using the firstin first out method.
2. Measurement Uncertainty
The preparation of financial statements in conformity with Canadian accounting standards for not-for-profitorganizations requires management to make estimates and assumptions that affect the reported amounts ofassets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statementsand the reported amounts of revenues and expenses during the reporting period. Actual results could differfrom those estimates.
6.
Alberta Chambers of Commerce
Notes to the Financial Statements
December 31, 2017
3. Restricted Funds and Chamber Relief Trust
The restricted funds are held for the Chamber Relief Trust. Alberta Chambers collects donations on behalfof local chambers when emergency situations occur. Funds collected are used to support the viability ofaffected chambers. This year, approximately $0 (2016 - $107,000) were collected subsequent to the FortMcMurray wildfires. As of December 31, 2017, $0 (2016 - $40,000) has been distributed to the FortMcMurray Chamber. Any funds not accessed by Fort McMurray Chamber will be retained in trust forfuture emergencies.
2017 2016$ $
Beginning balance 69,592 2,823Collections - 106,938Bank charges (139) (169)Disbursements - (40,000)
Ending balance 69,453 69,592
4. Investments
Investments represent Term Deposits with a range of maturity dates from January 2018 to November 2018and interest rates of 0.50% to 2.45%. A portion of the investments have been allocated to long term as theyare internally restricted for net assets. See note 8.
2017 2016$ $
Principal 690,862 680,155Accrued interest 1,951 2,620Beaumont Credit Union - Common Share Member 28 25
692,841 682,800
Long term portion - internally restricted (500,000) (500,000)
Short term portion - unrestricted 192,841 182,800
5. Inventories
The amount of inventories recognized as an expense during the period is $1,969 (2016 - $448), which isincluded in corporate relations and promotions expenses.
7.
Alberta Chambers of Commerce
Notes to the Financial Statements
December 31, 2017
6. Capital Assets 2017 2016
Accumulated Net Book Net BookCost Amortization Value Value
$ $ $ $
Computer hardware 94,092 77,377 16,715 22,150Computer software 32,964 32,377 587 1,491Office equipment 74,472 66,546 7,926 9,171Leasehold improvements 13,190 8,328 4,862 6,078
214,718 184,628 30,090 38,890
7. Deferred Revenue
The following funds have been deferred and will be recognized as revenue in the year which the relatedexpenses are incurred.
2017 2016Opening Additions Consumed
$ $ $ $ $
Alberta Business Awards Dinner (ABAD) 55,500 40,500 (60,000) 36,000 55,500
Oxford Tenant Improvements 26,719 9,716 (6,477) 29,958 26,719Political Action Day (PAD) 7,500 - - 7,500 7,500Service Provider 26,809 - (26,809) - 26,809
116,528 50,216 (93,286) 73,458 116,528
8. Equity in Internally Restricted Net Assets
The internally restricted operating fund has been established by the Alberta Chambers of Commerceexecutive committee to cover the operating and administrative costs of the organization. The board has setaside $500,000 (2016 - $500,000) as a reserve to cover approximately three months of operating expenses.See note 4.
9. Line of Credit
The Alberta Chambers of Commerce has an operating line of credit with TD Canada Trust. The limit is$25,000 and the interest rate is prime plus 1.0%. To date the line of credit has never been used. The line ofcredit is unsecured.
8.
ACC exists to provide support to our federation of chambers. ACC has at least one community chamber in each federal and provincial electoral riding.
1
ALBERTA CHAMBERS OF COMMERCE1808, 10025 - 102A AVENUEEDMONTON, AB T5J 2Z2
PHONE: 780-425-4180
TOLL-FREE: 1-800-272-8854
www.abchamber.cawww.albertavision2020.ca
www.abbusinessawards.com
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