2023 Treasurer's Report

What a difference a year makes. With COVID restrictions lifted, the return of our industry leading trade show and the prudent financial management of our exceptional board and staff, Landscape Ontario had one of its most financially rewarding fiscal year's ever turning a deficit of $382,081 for the fiscal year ending Aug 31/22 into a surplus of $662,792 for Aug 31/23.

We still have more work to do though. For the second straight year we saw significant unrealized losses in our investments which we continue to monitor with the counsel of our investment brokers.

Also, for the first time in many years, we had a reduction in not only new members joining our association but also a reduction in the number of members renewing their memberships as our total membership has decreased from 3,378 to 3,121 members.

Rest assured as the financial well-being of your association is being closely monitored as we continue to strive to provide exceptional service to our members who are the driving force behind our success.