MSA Annual Report – The Miramichi Salmon Association’s ‘Annual Report’ provides readers with a generalized summary of its annual operations, conservation programs, and membership support.

To view and/or print a copy of the MSA’s 2017 Annual Report, please click here. Alternatively, the MSA would be pleased to mail you a hard copy; simply call (506) 622-4000 or email ac.no1550793637mlasi1550793637hcima1550793637rim@o1550793637fni1550793637.

For even further details and reporting on the MSA’s annual conservation activities, research, and accomplishments, please click here.

Revenue
	2017	2016
Fundraising Dinners	284,052	310,244
Maintenance Contract	95,000	95,000
Transfers from MSA (U.S.) Inc.	105,405	118,433
Membership and Donations	168,297	191,192
Government Grants	104,833	62,543
Cultured Fish Income	13,428	49,696
Rental Income	29,225	24,299
Miscellaneous Income	13,274	23,989
MWMC Joint Income	6,293	4,973
CAST Income	416,574*	250,857
Investment Earnings	29,813	26,511
Realized Gain on Investment	13,177	9,880
Unrealized Gain on Investments	56,078	86,797
Proceeds from Property Sale	–	100,000
	1,335,449	1,355,134

Expenses	2017	2016
Salaries and Benefits	524,925*	295,309
Bad Debt Expense	3,600	–
Depreciation	39,008	37,123
Office Expenses	138,670	150,737
CAST Expenses	52,234	253, 570
Publicity and Newsletter	10,737	6,805
Travel	63,796	69,671
Fundraising Expenses	77,249	93,328
Operations	83,681	88,971
Rent	6,251	6,061
River Projects	247,410	135,275
Education	11,257	10,455
Inventory Adjustment	106,968	12,523
	1,258,818	1,159,828

*Note – The Collaboration for Atlantic Salmon (CAST) is a collaborative not-for-profit entity made up of several corporate members, including the MSA. CAST is funding to the MSA’s expenses related to its involvement in CAST’s Smolt-to-Adult salmon rearing program, providing funding for salaries (Approx. $208,000 in 2017), program supplies and general operating expenses. CAST has also made direct contributions by funding additional upgrades to the hatchery and facilities in excess of $1,000,000. 

(Deficiency) Excess of Revenue over Expenses	76,631	195,306