1. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 1 ICF-GTA Financial Forecast As of August 31, 2009

2. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 2 Key Issues Reported on July 31 1.Only $830.00 in current account on July 31. (31/8 $2980) 2.Very tight financial situation 3.Lack of confidence in financial management process and numbers. 4.Uncertainty about cost versus value from VO. 5.Budget for 2009/2010 not yet approved.

3. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 3 Approach 1.Finalize the forecast for the rest of the year. Requesting formal BOD approval for Forecast (Sept to Feb). 2.Implement financial controls and other actions to ensure budget is met or exceeded. Requesting formal BOD approval for Procedures. 3.Review and correct the YTD Actuals. All March to August monthly transactions reviewed. 4.Address other short term priorities. (For now stay with V.O). In progress: Financial process, Outstanding balances, Tax Returns 5.Review and improve financial management infrastructure and operations ( For medium to long term). Not Started

4. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 4 Approach 6.Review way to improve financial state with BOD and Committee Chairs Member Meetings Membership Other?

5. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 5 Summary Forecast (September to February)

6. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 6 Bank Balances August 31, 2009

7. Professional Services Automation ICF-GTA Greater Toronto Area Chapter Page 7 Comments 1.Remaining PRISM income of $1500 included in non- event income. 2.Full Membership income in august = $1275. 3.ICF International subsidy $10,000 to be processed in Sept.