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WSPS 2018 Annual Report

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25|WSPS.CA/AnnualReport Workplace Safety & Prevention Services Notes to Financial Statements March 31, 2019 The following represents the balances within each of the Corporation's internally restricted funds as at March 31: 2019 $ 2018 $ Fund for CHSI capital expenditures 2,248,348 2,640,542 Fund for long-term plans - 295,739 Fund for Employee Future Benefit Equalization Reserve 12,084,000 13,048,600 14,332,348 15,984,881 12 Training and publication recoveries 2019 $ 2018 $ Conferences 2,023,985 2,098,004 Consulting 3,198,855 3,015,741 E-learning training 259,511 190,544 Training 5,464,731 5,362,656 Safety literature and information services (safety products) 174,331 132,719 Safety group 613,380 576,508 11,734,793 11,376,172 13 Commitments The Corporation has operating leases for various office premises and equipment with minimum annual payments as follows: $ 2020 99,000 2021 69,000 168,000 14 Related party transactions The Corporation subleases its premises from CHSI and pays its proportionate share of the operating costs based on rented space. Any surplus/deficiency realized by CHSI will be shared by the members based on their proportionate share of equity (note 4). During the year, CHSI charged rental and operating costs of $2,688,365 (2018 – $2,927,578).

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