The Columbia Basin Trust (CBT) invites interested members of the public to find out more about its activities through its newly released 2010/11 Annual Report and 2011 Report to Residents.
The Annual Report discusses the CBT’s performance and details its financial investments, spending and program and initiative activities. The Report to Residents contains a condensed version of the above plus highlights of recent CBT-supported projects and initiatives, offering a reader-friendly and informative glimpse at CBT and its role in the Basin.
A statement from the agency said that in 2010/11, the CBT returned a record $11.2 million in direct funding benefits to Basin communities, up from $10.9 million in 2009/10. Its Investment Program also continued to experience strong financial performance, with total revenues increasing to $28.4 million in 2010/11, up from $26.1 million in 2009/10.
“In order to fund our activities, CBT invests in opportunities on behalf of Basin residents, such as power projects, real estate and business loans,” Neil Muth, CBT President and CEO, said in the statement. “Thanks to the continued strong financial performance of these investments, CBT was able to provide a record amount of support in 2010/11, and will be able to do so again in 2011/12 with a record $17 million in new funding—the largest allocation in CBT history and a 13 per cent increase over last year’s budget.”
CBT Chairman Gary Merkel said the agency is “committed to enhancing community participation in project decision-making, so that communities are determining how best to advance their priorities.”
The Annual Report is available at any CBT office or can be found online at www.cbt.org/annualreport. The Report to Residents is being mailed to homes Basin-wide or can be found at any office or online at www.cbt.org/2011rtor. People can also obtain the reports by phoning 1-800-505-8998.