CBT releases 2012-13 Annual Report

By Contributor
July 24th, 2013

Learn more about Columbia Basin Trust (CBT) and the activities it supports through its 2012/13 Annual Report. The Annual Report reflects CBT’s performance for the year ending March 31, 2013, and details its financial investments, spending, and program and initiative activities.

The report’s theme, Evolving and Empowering, reflects how CBT has recently evolved by placing more resources in the hands of communities, supporting them as they make their own choices on issues that affect their futures and empowering them to see those choices result in positive outcomes. This approach allows CBT to be more strategic in how it supports communities in their efforts to address priorities.

“We’ve always had programs and initiatives that place decision making in the hands of communities, but have recently been expanding this approach to other areas,” said Greg Deck, CBT Board Chair. “We continue to look at implementing this approach wherever it makes sense, and are eager to get more communities on board.”

In 2012/13, CBT returned a record $19.3 million in funding benefits to Basin communities—11.6 per cent higher than in the previous year. Total revenues were $25.7 million, an increase of $2.7 million over 2011/12, primarily due to greater revenue from two of CBT’s power project facilities.

“Our ability to deliver benefits to the Columbia Basin is attributable to CBT’s strong financial position,” said Neil Muth, CBT President and CEO. “We expect this strength to continue in the coming years.”

The Annual Report is posted online at www.cbt.org/annualreport. CBT supports efforts to deliver social, economic and environmental benefits to the residents of the Columbia Basin. To learn more about CBT programs and initiatives, visit www.cbt.org or call 1.800.505.8998.

Categories: General

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