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Annual General Meeting April 8, 2015

THE GREATER NANAIMO CHAMBER OF COMMERCE ANNUAL REPORT 2014

2014 ANNUAL REPORT

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Contents

Table of Contents……………………………………….......................................................................... ..................1

Mission, Role………………………………………………………………………………………..………… ................ .2

Minutes of the 2014 Annual General Meeting ........................................................................................ 3

Board of Directors ............................................................................................................................................. 5

Chamber Committees…………………………………………………………………….……………………… ........ 6

CEO Report ......................................................................................................................................................... 11

Chamber Staff ................................................................................................................................................... 12

Ambassadors ......................................................................... …………………………………………….…………13

Highlights of our Year ................................................................................................................................... 14

2014 New Members ....................................................................................................................................... 15

Sponsors ............................................................................................................................................................. 17

Treasurer's Report .......................................................................................................................................... 19

Financial Statements ...................................................................................................................................... 21

Cover Photo courtesy of Mike Thompson, Impact Digital Photography

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MISSION

“To enhance the quality of life in our community by providing opportunities for businesses to

succeed.”

TAG LINE

“Better community through better business”

ROLE

1. To assist in making Nanaimo a great place to do business by engaging our businesses

and assisting them to be successful.

2. Proving enhanced value to our members.

3. Effective advocacy on our members’ behalf.

4. Growing our membership base to create a stronger unified voice to attack issues that

affect business growth in our community.

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Minutes of the 2014 Annual General Meeting Thursday, April 10, 2014

Chair Marianne Turley called the Annual General Meeting of the Greater Nanaimo Chamber Of Commerce to order at 11:05 pm. MOTION TO APPROVE MINUTES:

Motion to approve Minutes of the 2013 Annual General Meeting Moved by: Frank Allen; Seconded: Rhonda Heaslip MOTION TO APPROVE THE APPOINTMENT OF ACCOUNTANTS:

Motion to approve the appointment of Church Pickard as the 2014 Accountants Moved by: Mike Thompson; Seconded: Maurice Donn TREASURERS REPORT:

Mike Thompson presented the Treasurer’s report. Copies of the Audited Financial Statements were distributed on all the tables. The 2013 Annual Report and Financial Statements are also available on the website. Motion to approve Treasurer’s report Moved by: Rhonda Heaslip; Seconded: Adrian Legin MOTION TO ACCEPT THE NOMINEES BY ACCLAMATION:

In accordance with the Bylaws, Article 8 Nominations, the slate of Nominees was introduced. Motion to accept the nominees by acclamation Moved by: James MacIntyre; Seconded: Adrian Legin ELECTION OF BOARD OF DIRECTORS In accordance with Bylaws, Article 9.0 the following have been duly elected as Directors of the Greater Nanaimo Chamber of Commerce to serve a 3-year term as stipulated in Article 7.0: ~ Don Bonner ~ Sean Herold ~ Dan Hurley ~ David Littlejohn ~ Greg Phillips

~ Justin Schley ~ Hilde Schlosar ~ Marianne Turley ~ Kelly Whitton

MOTION TO ADJOURN

Motion to adjourn the 125th Annual General Meeting Moved by: Mike Delves

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Chamber members in attendance (alphabetical by Business Name)

460 Realty AGS A Buyers Choice Able Recognition bDigital Ballance Debt Consulting Bekins Moving BMO RW Bob Wall Casino Nanaimo Coastal Community Credit Union Canadian Western Bank Cedar Valley Memorial Gardens CVI Multicultural Society Child Development Centre Church Pickard Clarity Consulting Coast Bastion Hotel Coco Cafe Community Futures Costco DMA Computers DNBIA Downtown Nanaimo Dental Group DTZ Nanaimo Employers Advisors Office Flying Fish Frank Allen Financial Herold Engineering Heydemann Art of Photography Impact Studio Integral Securities Investor's Group Island Aggregates/Mack Sales Island Radio ITS Secure

Johnston Franklin Kris Kringle Legal Shield Literacy Nanaimo Living Forest RV Marketing Done Write Mid Island Co-op Michelle Stilwell, MLA MNP Nanaimo Association of Community Living Nanaimo Daily News Nanaimo District Hospital Foundation Nanaimo Family Life Nanaimo Magazine Nanaimo News Bulletin Nanaimo Port Authority Nanaimo Youth Services Nanaimo Economic Development Corporation NISA NPR Limited Origin at Longwood Pye Design Quality Foods RBC Re/Max The HBT Group Re/Max of Nanaimo – Rhonda Heaslip Read Jones Christoffersen St John Ambulance Studio Kitchens & Design Taylor McCaffrey Trevor Ryhorchuk Prof. Corp V I Conference Centre Van Houtte Coffee Vancouver Island University YPN

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BOARD OF DIRECTORS

MARIANNE TURLEY

CHAIR

DAVID LITTLEJOHN

CHAIR ELECT

MIKE THOMPSON

TREASURER

WALLY WELLS

SECRETARY

MIKE DELVES

PAST CHAIR

DON BONNER

DIRECTOR

SEAN HEROLD

DIRECTOR

DAN HURLEY

DIRECTOR

SARAH LANE

DIRECTOR

ADRIAN LEGIN

DIRECTOR

GREG PHILLIPS

DIRECTOR

JUSTIN SCHLEY

DIRECTOR

HILDE SCHLOSAR

DIRECTOR

KELLY WHITTON

DIRECTOR

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CHAMBER COMMITTEES

The Chamber has committees that work on specific projects and meet as needed. Being active on a committee affords Chamber members the opportunity to share their business knowledge and skills with others, develop reciprocal relationships and contribute to meaningful projects within the Nanaimo business community.

STANDING COMMITTEES

Executive Committee

Purpose: The Executive Committee sits as an advisory to the Board of Directors.

Chair: Marianne Turley Chair Elect: David Littlejohn Treasurer: Mike Thompson Executive Secretary: Wally Wells Past Chair: Mike Delves Chief Executive Officer: Kim Smythe

Finance & Budget Committee

Purpose: To routinely review and examine the financial affairs of the Chamber and to prepare and present to the Board, at the beginning of each fiscal year, a budget of estimates of expenditures and revenue for the ensuing year. Chair: Mike Thompson, Treasurer Members: Executive Committee

Nomination Committee

Purpose: To prepare a list of nominees, from the membership at large, for the office of Director to fill vacancies on the Board of Directors. Chair: Mike Delves, Past Chair Members: Marianne Turley, Chair, Kim Smythe, CEO

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BOARD COMMITTEES AND TASK FORCES

Government Affairs Committee

Purpose: To identify issues impacting our business community and to accept and evaluate issues identified by others. Where appropriate, the committee shall establish a position on an issue and an action plan for conveying the position to the appropriate parties. Chair: Wally Wells

Report from the Government Affairs Committee

The Government Affairs Committee is a Standing Committee of the Board of Directors. The Committee considers matters relevant to doing business in our city primarily with City Council and City administration but addresses other agencies as well that have influence over our business climate. The committee makes recommendations to the Board of Directors for action.

The focus of the committee during 2014 was the then upcoming municipal election. The Chamber does not recommend or endorse any specific candidates; however it is appropriate for the Chamber to develop a platform that generally supports our business interests and a better community. This the Committee did and the Board of Directors adopted a six point program. This was the basis for any discussion with candidates that asked. A sub – committee was formed to address a number of issues respecting election readiness including getting out the vote.

After the election, the committee started work on preparing for a presentation to Council to bring the Chamber’s position forward. The election platform formed the basis of the presentation made by Chair Marianne Turley to Council along with a plea to have Council work together to move the City agenda forward. Raised with Council at the time of the presentation was a request to freeze City business taxes at current rates for 5 years to make Nanaimo more competitive with other locations. Follow-up information was given to Council by Kim Smythe our CEO. The committee now is addressing the “core Review” that City Council intends to undertake to ensure Chamber input.

Other issues addressed by the committee included, BC ferries, Regional District of Nanaimo, Solid Waste Management, over regulation and access to city hall. With a new Provincial transportation strategy announced and on-going transportation and Island access issues, a new Transportation committee has been formed.

We would like to thank all members of the Government Affairs Committee for their early morning attendance.

The Government Affairs Committee looks forward to a very active 2015 year.

Wally Wells

Committee Chair

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Successful Cities Committee

Purpose: Over the next few months, this committee will work to explore how Nanaimo can become one of British Columbia’s most Successful Cities. Chair: Sarah Lane Succession Planning Committee

Purpose: To examine the pressing need for action on succession planning for Small to Medium Enterprises (SME). Chair: Donna Hais

Report from the Succession Planning Committee

A number of years ago, the Nanaimo Chamber of Commerce recognized the emerging need for a campaign to create awareness around Business Succession Planning. According to Industry Canada, in 2011 SME (Small to Medium Enterprises) made up 98% of the businesses in Canada and 48.3% of the Canadian labour force. These businesses represented half a trillion dollars of our Canadian GDP. It quickly became apparent to the Chamber that with the number of business owners planning to retire (66% of these SME Owners with 10 years), a plan for sustainable transfer of business was needed. To this end, the Nanaimo Chamber had a policy published with the BC Chamber in 2013 which requests the Province review red tape issues around the transfer of business ownership.

While work in the government sphere was happening, the Nanaimo Chamber put together a comprehensive plan to create and implement a Community Stakeholder Committee. The purpose of the Committee was and is to put together an education component to Business Succession. Currently in its inception phase, a website template has been created which will help lead both Business Owners wanting to sell and potential Business Owners who want to buy, navigate the deep waters of transferring a business. Stay tuned, anticipated launch of the site is expected in 2015!!!!

Respectfully Submitted by: Donna Hais, Chair

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Transportation Committee Purpose: To analyze local, regional, provincial and federal transport systems and policies and their impacts on Nanaimo businesses. Chair: David Littlejohn

Report from the Transportation Committee

Because an efficient transportation network is key to the success of every business, particularly on an island, it was decided to create a transportation committee to analyze local, regional, provincial and federal transport systems and policies and their impacts on Nanaimo businesses.

At this stage the committee terms of reference have been established and members are being recruited. David Littlejohn has agreed to be chair. The chair and Kim Smythe attended one meeting in the fall with provincial transport officials and a variety of regional politicians and senior bureaucrats. Mr. Littlejohn expressed serious concerns about the impact of deteriorating ferry services and ridership on Nanaimo Businesses which were echoed by others in the room.

The committee should be fully operational early in the new year and will welcome input from all members of the chamber.

Respectfully Submitted by: David Littlejohn, Chair

By-Law Review Task Force A Task Force was formed to review the Chamber By-laws and to recommend changes to the Membership at the October 8, 2014 Special General Meeting. Chair: Wally Wells

Chamber Representation on External Community Organizations

Advisory Committee on Environmental Sustainability (ACES) Chamber Representative: Wally Wells

Nanaimo Advisory Planning Committee Chamber Representative: Randall Taylor

Nanaimo Airport Commission Chamber Representative: Russ Burke

Newcastle Island Stakeholders Chamber Representative: Kim Smythe

SE Catalyst Chamber Representative: Kim Smythe

YPN Advisory Board Chamber Representative: Kim Smythe

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Inspire Nanaimo The Chamber led a public process to define a ‘successful city’ and worked to embed these principles into Nanaimo’s official Corporate Strategic Plan as a way of working towards success as a community. In 2013, a tri-partite agreement between the Greater Nanaimo Chamber of Commerce, the City of Nanaimo and Vancouver Island University was formed to continue to promote the Successful Cities concept. Chamber Representative: Kim Smythe

Team Nanaimo A partnership of the Greater Nanaimo Chamber of Commerce, Vancouver Island University, Nanaimo Port Authority, Nanaimo Airport Commission, Nanaimo Economic Development Corporation and the City of Nanaimo that works to bolster the local economy and create jobs through a coordinated approach. Current projects are seeking LNG investment at VIU and the Port of Nanaimo and assisting in the $11 million Airport Expansion funding request. Chamber Representative: Kim Smythe

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CHIEF EXECUTIVE OFFICER’S REPORT – KIM SMYTHE, CEO

Moving beyond our first 125 years towards the future, the Greater Nanaimo Chamber of Commerce is faced with increased potential opportunity as we witness the evolutionary progress in our local economy. Existing local businesses, and the entire community, are the beneficiaries of likely outcomes – if our potential is realized. First we need to understand the changes in our local economy, and the influences there.

The relative weight of sectors is shifting, segments within these are changing, technology is becoming an ever more important component of all business and entrepreneurial spirit has never shown so much vitality in our community. Targeted business attraction strategies to purposely mold a new economic picture is now showing significant results. The growth of the high-tech sector has been exponential, our knowledge-based economy continues to move ahead with strength, and light industry is gaining steam with major new projects in progress and more in the plans.

The Chamber works with our community partners to drive economic success in the region. This year, the Airport Authority, Port Authority, Vancouver Island University, Nanaimo Economic Development Corporation and City of Nanaimo have combined forces with us to attract investment, infrastructure support, and create opportunity. To achieve this, we’ve worked together with senior levels of government to create awareness of Nanaimo’s plans and prospects and show our cohesive and collaborative approach to economic growth.

Getting past age 125 provided some growing pains that required investments in the Chamber’s future. The board has provided that investment wisely, a demonstration of their long-term prudent management of resources. With many of these growing pains behind us, we can concentrate on our core services to members, membership growth, and government advocacy.

In 2014, we’ve enjoyed numerous federal government leaders visiting our community showing interest in a number of facets of our economy. Provincial leaders, including cabinet members and the Premier have engaged in multi-level meetings on many issues affecting the community. And, of course, we took on a leadership role during the municipal election, producing significant change that we will see play out over the next four years.

The Chamber has presented its platform principles to Council to guide their decision making, and recommended priority actions. We are now involved in tactical discussions of how to achieve some of those priorities.

The Chamber continues to enhance and expand its value proposition to the community, its partners and its valued members. We’re glad you’ll be with us for the first of the next 125 years… and many more!

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STAFF KIM SMYTHE

CEO

MARSHA WEAVER

GENERAL MGR

DEBRA LEIGH

ADMIN ASSISTANT

RENEE BOHUN

SPECIAL EVENTS

NICOLE LANGLOIS

BUSINESS DEVELOPMENT

KIMBERLY PLUMLEY

MEMBER SERVICES

Greater Nanaimo Chamber of Commerce 2133 Bowen Road Nanaimo, BC V9S 1H8 T: 250.756.1191 F: 250.756.1584 E: [email protected]

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OUR AMBASSADOR TEAM They are a group of professionals from various backgrounds who serve as a liaison between

the Chamber and its members. The goal of the Ambassadors is to encourage meaningful

participation in the Chamber’s programs and services for new members in an effort to build

member commitment.

Co-Chair: Judy Stephan Nanaimo Magazine

Jim Ballard Jim Ballard Homes

Joe Godard AGS Business Services

Kalon Goodrich Legalshield

Doug Hay Doug Hay & Associates

Dirk Heydemann Heydemann Art of Photography

Leanna Le Fevre, Senior Manager Retail Banking Canadian Western Bank

Dan Morris RE/MAX of Nanaimo

Garret Phenix Oneaftereight Design Studio

Dr. Glen Reed, Wellness Chiropractor Reed Family Wellness Centre

Kim Strynadka, A.M.P. Dominion Lending Centres Integrity Mortgage BC

Jessica Thatcher RRP, CVP, RVP, CCDP Full Scope Rehabilitation Services

Greg Trudelle Able Recognition

Quintin Winks, Consultant Investors Group Financial Services Inc.

2015

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HIGHLIGHTS OF OUR YEAR

Hosted a number of Anniversary events celebrating our 125th Anniversary, culminating in a Gala event at the Cruiseship Centre.

Member Luncheons featured increasingly engaging & informative Speakers Business after Business and Business before Business events growing in popularity Launched a re-branded Business Achievement Awards recognizing the achievements of

Nanaimo businesses; re-introduced the Nominee Reception to acknowledge all the nominees

Organized the 20TH Annual Chamber Golf Tournament Promoted local wineries, distillers and food vendors at Wine, Women and Song and

Chowderfest events Co-sponsored community events: David Marquet Talk, VIEA Summit, Citizenship

Ceremony Hosted 3 Lightning Talks networking events Continued the 12@12 community consultation events Another successful Business Expo, added a pre-Expo luncheon with Guest Speaker

Clemens Rettich Enhanced and strengthened the Chamber Ambassador Program Produced the annual Gateway magazine Continued addition of special offers in the M2M Member Discount Program Held 3 “New Member” Orientation Breakfasts Hosted a number of Ministerial visits through the year Organized a Harbour cruise networking event for our Community Partners Managing Partner with the City of Nanaimo and VIU in Inspire Nanaimo Delegation to City Council on key business issues – municipal budget and economic

development activities and others Organized Municipal Election Forum for both City Council and School Trustee candidates Enhanced our working relationships with Community Partners Partnered in NEDC initiatives to provide local support for economic development work Provided support to several emerging entrepreneurial leadership groups such as

StartUp Nanaimo CEO participated on the Advisory Council of Nanaimo Aboriginal Centre and Nanaimo

Design Nerds Co-Working Space Initiated a new Member-Only benefit - Spark Sessions – a series of free workshops that

leverage the skills and knowledge of Chamber members to benefit fellow members Entered a ‘staff and friends’ float in the Lion’s Christmas Parade Encouraged the festive spirit with the “Spirit of Christmas Light Up” contest Hosted a Wine & Cheese reception for Mayor and Council

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2014 NEW MEMBERS:

460 Realty Inc. Adam Walker & Associates Aircoal Brand Bamboo Charcoal aks Consulting Alexandra's Bistro Arbutus Distilleries ARC Document Solutions bDigital Video Productions Be Beautiful Salon and Spa Bee's Knees Community Cafe Bent Tree Wellness Black Goose Inn BLOCK - A Drafting & Design Company Bonaventure Support Services Ltd. Brave New Niche Brickyard Physiotherapy Browns Socialhouse Restaurant Bulk Barn #689 Cactus Club Cafe Canadian Linen & Uniform Service Cargo Bed International Inc. Cedars at Cobble Hill Cherub Chocolate Childrens Treehouse, The Cinnabar Vista Alef Productions Ltd. Coastal Energy Ltd. Coca-Cola Bottling Co. Columbia Fuels Connect Hearing Core Essentials Personal Training & Rehabilitation Country Grocer - Chase River Country Grocer - Dufferin Cres. Dave Hart Music Dog n' Suds Downtown Nanaimo Dental Group Duncan Allen Law Dust Off Janitorial Easy Living Landscaping Elephant Room Creative Eye Mean Graphics Farmship Growers Co-op

Fas Gas Plus Food Triumph Institute Foston Group Safework Consulting Inc., The Fox & Hounds Full Scope Rehabilitation Services Glacial Bay Organic Clay Inc. Good Life Cleanse Graphic Details Healthworks Consulting Ltd. Helijet International Inc. High School at Vancouver Island University Hilltop Bistro Home Pro Painting Indigo Group, The Inside Out Weight Loss Clinic Iron Oxide Art Supplies Isagenix - Anne Callander Island Health Island Red Cedar Construction Ltd. Island Smart Irrigation Systems Jacy Jewellery, Independent Jeweller of Fifth Avenue Jewellery Collection Jamberry Nails John Surtees PREC - Re/Max of Nanaimo Joyce A. Tinnion Productions Kenmore Air Express Kimm Fusiontech Welding Kruger Plummer Associates Lanteigne, Jacques C. F. LaPorte, Gerald M. Laurence Rumming Assessments Lexi Diamonds and Gifts Live Well Consulting Loyal Nanaimo Bathtub Society MacDonald Realty - Deborah Nicol Market 2 All McDougall Energy Inc. Mesa Business Incorporated Millstone Estate Winery Milner Group Ventures Inc. Mind My Business Miracle Ear

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Namul Restaurant Nanaimo Aboriginal Centre Nanaimo Business Services Nanaimo Community Band Nanaimo Denture Clinic Nanaimo Foodshare Society Nanaimo Ladysmith Public Schools Career & Technical Centre Nanaimo Organic Waste Ltd. Nanaimo Unique Kids Organization Nanaimo Women's Business Network Nanaimo-Applecross Kumon Centre Neighbourhood Sound & Security Ltd. Newcastle Nissan Noodle Box Northridge Health Performance Centre Olive This & More Oxy Liquor Store Oxy Pub Pacific Shores Resort & Spa Painted Turtle Guesthouse Pantry Restaurant, The Penncorp Insurance & Financial Services Philpott Seminars Pipers Liquor Express Pipers Pub Profitable Marketing ProfotoFX Services Ltd. Pye Design & Marketing Re/Max of Nanaimo - Dan Morris Re/Max of Nanaimo - Martin Velsen RE/MAX of Nanaimo - The HBT Group - Whitton, Kelly Red Rhino ResCom Mortgage Solutions Inc. – Selby St. ResCom Mortgage Solutions Inc. – Milton St. Ride the Glide Rocky Mountain Chocolate Factory Royal LePage-Nanaimo Realty - Kim Rhodes

Ruttan, John Saunders, Therese Sciarpelletti, Frank Shine On Chrome & Graphic Finishes Shopping Guys, The Smoke n' Water Sofa Source Sorensen & Associates Engineering Ltd. Sotheby's International Realty Special T Group Events Inc. Spice of Life Catering Ltd. Stir Cooking School Studio Thirty-Four SuperGreen Solutions Sweet Somethings Tanya Greene Photography TBS Construction Ltd. That's One Happy Dog! The Downstairs at Woodgrove Pines Exercise & Rehab Facility The SoakHouse Tilray/Lafitte Ventures, Ltd. Trevor Ryhorchuk Professional Corporation Tri Omni Property Management Turner Land Surveying Inc. Twist Consulting Uptown Hair Lounge UsedEverywhere.com Value Lodge Motel Variety - The Children's Charity Venture Connect Inc Wallace Driving School Ltd. Western Financial Group – Bowen Rd. Western Financial Group – Fifth St. White Spot Restaurant - North Nanaimo White Spot Restaurant - South Nanaimo Wits End Solutions Wolf Brewing Co. Woodgrove Pines Clinic Your Time Machine Awaits Wellness Spa

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2014 SPONSORS It would not be possible to hold so many popular and successful events without the

generous support of our community. The Chamber of Commerce Board of Directors and

Staff would like to acknowledge and sincerely thank the following organizations who so

generously supported our work. Thank you!

Sponsors Able Recognition Academy of Learning College AGS Business Systems Aircoal Brand Bamboo Charcoal Andrew Sheret Ltd Aspengrove School Berwick on the Lake Black & White Party Rentals Business Development Bank Cactus Club Cafe Century Group Lands Corporation City of Nanaimo Coast Bastion Hotel Coastal Community Credit Union Community Futures Central Island Craftsman Collision Dominion Lending - Integrity Mortgage Elite Image Frank Allen Financial Heydemann Art of Photography Inn On Long Lake Investors Group Island Radio Island Savings Credit Union Kenmore Air Lewkowich Engineering Associates London Drugs MNP Nanaimo Airport Commission Nanaimo Daily News Nanaimo Economic Development Corp Nanaimo Honda Nanaimo North Town Centre Nanaimo Port Authority Northridge Health Performance Centre

Origin at Longwood Pure Chiropractic Quality Foods RBC Royal Bank R.W. (Bob) Wall Ltd. Read Jones Christoffersen SignAge Soccer Zone StaffQuest Supporting Employment Transitions TD Canada Trust Telus Tilray TimberWest Turley's Florist U-Lock Mini Storage Ltd. Vancouver Island Conference Centre Vancouver Island Crisis Society Vancouver Island InsuranceCentres Vancouver Island University West Coast Shutters – Blinds - Closets Woodgrove Pines Clinic

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Friends of the Chamber 1440 Wellness 91.7 Coast FM A Buyer's Choice Home Inspection Arbutus Distillery Balloon Emporium Bastion Management BC Ferries BCAA Bold Knight Budget Rent a Car Canadian Western Bank Cherub Chocolates Coast Capital Savings Cobs Bakery Coco Cafe Columbia Fuels COSTCO Country Club Centre Dean Philpott Dog n’ Suds Doug Hay & Associates Fairwinds Golf Course Flying Fish Freeflow Water Geselbracht Brown Great Canadian Oil Change Harbour Air Seaplanes Herbal Magic Weight Loss Herold Engineering Iron Oxide Art Supplies JA Smith Business Solutions Joyce A. Tinnion Productions K. Mattern Chiropractic Corp Keller's Jewellers Ltd Kris Kringle Craft Market Krog & Company Laurence Rumming Assessments Let's Eat Gourmet Food Lighthouse Bistro Lucky's Liquor Store Madrona Imaging

McGregor Krastel Dougan Miracle Ear Mosaic Information Technologies Mount Benson Enterprises Multicultural Society CVI Nanaimo & Voyager Magazine Nanaimo Clippers Nanaimo Dive Outfitters Nanaimo Golf Club Nanaimo Lawn Bowling Club Nanaimo Museum NISA Noodle Box Olive This & More Original Joes Panago Pizza Payworks Pipers Pub ProfotoFX Services Ltd. Riso Foods Inc. Rocky Creek Winery Securiguard Securco Services Serious Coffee (VICC) Shaw Business Spiltsville Entertainment St. Jean's Cannery St. John Ambulance Stir Cooking School Tanya Greene Photography That's One Happy Dog! The Foam Guy The HBT Group The SoakHouse Tiah M. Workman Notary Public Tigh-na-mara Seaside Resort Van Houtte Coffee Services Vancouver Island Exhibition White Spot Woodgrove Centre Yellow Bird Arts Gallery

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TREASURER’S REPORT – Mike Thompson

2014 was another year of transition for the Chamber,

organizational improvements and investments including key

staff changes lead to annual expenses in excess of revenues that

were covered by reserves.

For the first time in over 5 years, our overall membership

numbers increased, despite the changes in our Members

Services staff. This increase is testament to the increased focus

on continually working to improve, and prove, the value of

Chamber membership.

Voluntary contributions by our members to our Scholarship and Community Benefits Fund,

allowed the Chamber, on behalf of its members, to double the bursary donation to the Nanaimo-

Ladysmith Schools Foundation, and add a donation to the Nanaimo Aboriginal Centre for

educational resources.

A number of new member benefits and new programs for our members were introduced. And

2014 saw the introduction of a number of new events many of them part of a yearlong celebration

of our 125th Anniversary.

The Chamber remains in a strong financial position with $441,207 of Net Assets. We hold capital

assets with net book value of $543,101 – primarily our land and building which thanks to the

generosity of you the members is now mortgage free.

We have a strong team in place at the Chamber working to ensure quality membership service and

value for your membership investment. As we begin the first year of our next 125 years, our

commitment to our members, and the greater community, is to continue to build Better

Community through Better Business.

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2014 FINANCIAL STATEMENTS