1. Manitoba Islamic Association
2016/17 Financial Report
and
2017/18 Budget

2. MIA Financial Audit
MIA financial reports are audited annually by external auditors (Scarrow & Donald Chartered Accountants)
MIA financial records during the year, as well as annually, are reviewed by the MIA Internal Audit Committee, comprising professional accountants
MIA Financial Statements are presented to MIA membership at the AGM

3. MIA EC Compensation Facts
MIA Executive Council (EC) is a voluntary body
MIA does not receive any financial payment (salary or otherwise)
MIA Constitution, Article X, Section 1, items 2 and 3:
2. Elected members shall not be paid any salary or honorarium or receive, directly or indirectly, any payments for his or her services to the MIA.
3. Elected members shall not be appointed to fill any paid staff position in the MIA.

5. Audit Opinion

6. 2016/17 Statement of Operations

8. Capital Projects

9. Statement of Operations

10. Revenue Breakout

11. Statement of Operations

12. Expenses Breakout

13. Takaful (last 5 years) It’s a separate committee independent of EC
Chaired by Brother Khalid
$876,000 funds has been disturbed
532 people has been help

14. Takaful (last 5 years)

15. # of people Helped

16. Donations process
Prior to this had three different software to tracking donations
Going paperless for donations effective Jan 1, 2018
Biweekly deposits
Donation boxes to clear up once a month

17. Proposed MIA 2017/18 Budget

18. Thank You