As promised at the IL Vernon Annual General Meeting on December 2, 2011, ILV Audited statements would be circulated and made available. These statements are a public document and IL Vernon values transparency.
The IL Vernon Board of Directors approved the statements on January 19, 2012 -
Therefore you can view the statements by clicking the link below:
ILV 2011 Audited Statements
- On page 4 - Accounts payable & accured liabilities is up due to the addition of the accrual of sick pay which had never been added (Please see Note 9), a purchase of IL IMPACT Books and the cost of the 2010 & 2011 Financial audits
- Some individual amounts on the Statement of Revenue and Expenses are different, this due to new auditing standards required IL Vernon to have a new auditor from within the same firm at Rossworn Henderson LLP. The new auditor changed how some expense were allocated, but overall the totals are similar to 2010.