Current Financials

We were only $17K off our targeted budget!

On the income side rising domestic film and television production and a solid level of commercial production kept us afloat. Investment income projections were not met due to low market returns and some capital losses. We were able to control most expenses except for legal costs and finish the year with an operating deficit of $260,258, compared to a budgeted operating deficit of $243,592. 

Industry revenue is up by a total of $566 thousand including significant increases in work dues, permit revenue, and admin fees. Investment income is down by a total of $391 thousand due to lower returns on bonds and capital losses on securities of $114 thousand. Total revenue is up by $175 thousand compared to budget.

Members of ACTRA Toronto's elected Governing Council address members at
a plenary session (2010).

Salaries across all departments are up by a total of $81K due to year-end vacation accruals. This liability will be reduced as staff use up their vacation days. We had an increased level of legal activity last year resulting in an increase in legal fees of $75K. Total expenses are up by $192K compared to budget.

We are now required to adjust our investments to market value at year end. The unrealized paper gains resulting from a rising market show up as a mark-up of $684,992 creating a total net gain of $424,734.

Should you have any questions or would like further information about our financials contact Austin Schatz, ACTRA Toronto’s Vice President of Finance, at aschatz@council.actratoronto.com.

(Click here to view ACTRA Toronto's current financial statements in PDF format.)