L'ASSOCIATION DES FRANCOPHONES DE NANAIMO

NOTES TO FINANCIAL STATEMENTS

(Unaudited) Page 11
MARCH 31, 2014
8. EVENT COSTS
2014 2013
Marketing, promotion and publicity $ 55,645 $ 55,635
Performers 21,112 23,875
Materials and sundry 12,569 3,584
Lodging, food and technical services 4,263 2,987
Other costs 615 1,166
$94,204 $87,247

9. SUBSEQUENT EVENTS

On May 2, 2014, the Association signed a lease agreement to rent their office space. The lease will be
effective from June 1, 2014 to May 30, 2018. The annual lease commitment during the four next years
is as follows:

2015 $ 7,180
2016 9,596
2017 10,444
2018 1,762

$ 28,982

10. ECONOMIC DEPENDENCE

The Association depends on the Ministry of Canadian Heritage for its operating funds. During the year,
the Association received 23% (2013 - 26%) of its revenue from the Ministry of Canadian Heritage.

The revenues from the Direct Access Grant must be spent according to the rules of the British
Columbia Gaming Policy and Enforcement Branch. Funds related to this grant are maintained in a
separate bank account.