Annual Report 2025-2026

The Association of Professional Engineers and Geoscientists of the Province of British Columbia Notes to Non-consolidated Financial Statements June 30, 2026

Controlled funds

Engineering & Geoscience Education Foundation BC (the Foundation)

The Foundation provides financial support to fund, facilitate and promote activities and programs related to education in engineering and geoscience. The Foundation was incorporated on May 11, 1993 under the Societies Act of British Columbia and is a registered charity under the Income Tax Act (Canada). The Organization controls the operations of the Foundation through its ability to appoint the Directors, who direct all activities of the Foundation. The Organization does not consolidate the financial results of the Foundation.

Financial information for the controlled fund is provided in note 12.

Use of estimates

The preparation of non-consolidated financial statements in accordance with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as at the date of the non-consolidated financial statements and revenue and expenses during the year. Areas requiring the use of estimates relate to determining the useful lives of property and equipment, useful lives of intangible assets and the fair value of investment. Financial results, as determined by actual events, may differ materially from those estimates.

3 Cash

2026 $

2025 $

Cash

4,104,780 472,776

3,612,486 463,066

High interest savings accounts

4,577,556

4,075,552

The Organization has access to a pre-approved line of credit, secured by the building and land, with a limit of $ 500,000, of which $nil was drawn at year-end (2025 – $nil).

4 Short-term investments

2026 $

2025 $

Guaranteed investment certificates Government of Canada treasury bills

950,000 28,557,864

939,733 28,142,993

29,507,864

29,082,726

(4)