CBT releases annual report

By Contributor
July 12th, 2010

(Columbia Basin) – The 2009/10 Columbia Basin Trust (CBT) Annual Report and audited financial statements are now available to the public. The Annual Report reflects CBT’s performance for the 2009/10 year ending March 31, and details the financial investments, spending and delivery of benefits activities.

“For CBT, 2009/10 was a year of action and solid returns on our investments. We disbursed $10.9 million to support the efforts of people and communities in the Basin by delivering a range of programs and initiatives,” said Neil Muth, CBT President and CEO. “Our strong financial performance this year means we are well-positioned to continue working with residents to strengthen the social, economic and environmental well-being of this region, and we have committed $15 million for our Delivery of Benefits activities for 2010/11.”

Total revenue in 2009/10 increased to $25.9 million, up from $24.1 million in 2008/09 and exceeded budgeted amounts set out in CBT’s 2009/10 Service Plan by $1.8 million.

Our theme Taking Action reflects CBT’s role in helping to bring people, governments and communities together; encouraging collaboration and partnerships; working with groups to access funding, information and expertise through our staff, advisory committees and partners; and identifying and translating the region’s priorities into action.

“CBT’s successes are a testament to the commitment and contributions of many – residents, partners, advisory committees, b oard members and staff
– who all help to improve our communities to create a legacy for future generations,” said Garry Merkel, CBT board chair. “This past year we have made significant progress in all areas of CBT’s broad mandate, and we look forward to continuing to meet Basin priorities and being responsive to opportunities in the most meaningful way.”

Highlighting several Basin projects and initiatives that CBT supported this past year, the informative and reader-friendly report is available to all residents online at www.cbt.org/annualreport or by calling 1-800-505-8998.

Basin residents can also connect with CBT by providing input on CBT’s 2011-2015 Strategic Priorities between now and September 30, or by participating in the 2010 Columbia Basin Symposium which is being held in Revelstoke Oct. 22-24,.

CBT delivers economic, social, and environmental benefits to the residents of the Columbia Basin. To learn more about these opportunities and other CBT programs and initiatives, visit www.cbt.org or call 1-800-505-8998.

Categories: General


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