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).
