Finance

WE COVERED OUR COSTS!

     The Finance and Fundraising Committee was happy to report to
the Forum meeting on September 20th that the P7 ended with a
small cash surplus.  The surplus was due to the overwhelming
generosity of those who attended the Marquee Speakers events the
week of the summit and to the tremendous efforts of all
committees to control expenses.  The funds are being used to
assemble archival materials, prepare a mailing list of
participants, and produce a final report to be distributed to
forum members.  Any cash remaining will then be donated to the
Carvery brothers to support them in their struggle at Africville.

     A total of almost $28,000 was raised by the Finance and
Fundraising Committee during the six months leading up to the
Summit.  75% of this money was donated by organizations such as
the Canadian Labour Congress, the Catholic Organization for
Development and Peace, the Sierra Club, and the International
Centre for Human Rights and Democratic Development.  In addition,
many groups, such as OXFAM-Canada, provided significant in-kind
donations of goods and services.  The remaining  25% was raised
through a variety of fundraising events (a benefit dance, plant
exchange, and pizza sale), the sale of P7 buttons and t-shirts,
registration fees and individual donations.  To the surprise and
delight of event organizers, requests for donations ("Pass the
Hats") at the five Marquee Speakers events raised more than
$3,000.  These donations enabled the P7 to cover unexpected
expenses incurred during the week and to end the summit in a
surplus position.

     A budget of $25,000 was drafted early in the planning for
the P7 by the Coordinating Committee in consultation with the
Forum.  Changes and additions to it were made as funds became
available.  Committees responsible for various functions during
the week (e.g. People's Park, Outreach, and Communications) were
responsible for the administration of their portion of the
overall budget.  F & F Committee members reported that they were
pleased at the open and participatory process used in making
budgetary decisions. A detailed financial report on the P7 will
be presented at the final Forum meeting on December 1st.  Copies
may be obtained by contacting OXFAM-Canada.                       
                                                                
Summary Financial Report     to September 30, 1995  

INCOME

        Fundraising
Activities & Events                                 2,413
        "Pass the Hats"                             3,274
        Donations                                  21,490
        Registration Fees                             736
  Subtotal:                                       $27,913


EXPENSES

        Salaries                                   8,850
        Office                                     3,987
        Communications                             6,038
        Logistical Support                         7,910 
  Subtotal:                                      $26,785

OVERALL TOTAL              
                                                  $1,128