2017 Annual Report

2017 Annual Report

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.no1539823016mlasi1539823016hcima1539823016rim@o1539823016fni1539823016.

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