Tree Frog Forestry News

Record year for Community Forest revenue

By Sean Eckford
Sunshine Coast Reporter
May 15, 2019
Category: Forestry
Region: Canada, Canada West

2018 was a record year for revenue, according to the year-end financial report presented at the Sunshine Coast Community Forest’s (SCCF) May 13 annual general meeting. The SCCF brought in $3,647,458 for a profit of just over $1.2 million. As a result the SCCF board voted an extraordinary dividend of $600,000 to the sole shareholder, the District of Sechelt, as well as a regular dividend of $25,890. Sechelt councillors Brenda Rowe and Matt McLean were on hand to receive the dividend cheques on behalf of the district. “The extraordinary dividend is the second highest ever and reflects our plan to declare an extraordinary dividend next year even if our profits are lower,” SCCF board president Geoff Craig said in his written summary of the year’s activities. He also said the final tally for legal fees associated with fighting a court challenge against logging in the East Wilson Creek area amounted to more than $85,000.

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