<html><body><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000"><div>We are in the same position - as Peter<br></div><div><br></div><div data-marker="__SIG_PRE__">Regards<br><br>Jim Millar<br><br>Executive Director<br>Port Moody Heritage Society dba Port Moody Station Museum<br>2734 Murray Street<br>Port Moody,BC<br>V3H1X2<br><br>604 939 1648<br><br>"We acknowledge our location on the unceded territories of the Coast Salish speaking peoples, with whom we are actively working to develop strong relationships"<br><br>CONFIDENTIALITY NOTICE: This message and any accompanying attachments contains information intended for a specific individual(s) and purpose and should be treated as confidential and the property of the Port Moody Heritage Society. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, please notify the sender immediately and destroy all copies of this e-mail.</div><br><hr id="zwchr" data-marker="__DIVIDER__"><div data-marker="__HEADERS__"><b>From: </b>"Moderated BCMA subscriber listserv." <bcma@lists.vifa.ca><br><b>To: </b>bcma@lists.vifa.ca<br><b>Sent: </b>Tuesday, March 10, 2020 11:02:22 AM<br><b>Subject: </b>Re: [BCMA] Accounting Question<br></div><br><div data-marker="__QUOTED_TEXT__"><style><!--
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--></style><div class="WordSection1"><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Hi</span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">We have never been asked for a valuation of our collection, and the time and cost associated for an appraisal company would be prohibitive for us.</span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Regards</span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Peter</span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><img id="Picture_x0020_1" src="cid:image001.jpg@01D5F6CB.5F9FF490" alt="signaturePeter" width="480" height="192"></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"> </span></p><p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif" lang="EN-US">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif" lang="EN-US"> bcma-bounces@lists.vifa.ca [mailto:bcma-bounces@lists.vifa.ca] <b>On Behalf Of </b>Moderated BCMA subscriber listserv.<br><b>Sent:</b> March 9, 2020 10:49 AM<br><b>To:</b> bcma@lists.vifa.ca<br><b>Subject:</b> Re: [BCMA] Accounting Question</span></p><p class="MsoNormal"> </p><div><p class="MsoNormal">We have not been told this by our accounting firm, and they're currently working on our 2019 year end statements. Did your firm indicate who required this information?<br clear="all"></p><div><div><div><div><div><div><div><p class="MsoNormal"> </p></div><div><p class="MsoNormal">Bulkley Valley Museum</p></div><div><p class="MsoNormal">PO Box 2615</p></div><div><p class="MsoNormal">1425 Main Street</p></div><div><p class="MsoNormal">Smithers, BC</p></div><div><p class="MsoNormal">V0J 2N0</p></div><div><p class="MsoNormal"> </p></div><div><p class="MsoNormal">250-847-5322</p></div><div><p class="MsoNormal"><a href="mailto:info@bvmuseum.org" target="_blank">info@bvmuseum.org</a><br data-mce-bogus="1"></p></div></div></div></div></div></div><p class="MsoNormal"> </p></div></div><p class="MsoNormal"> </p><div><div><p class="MsoNormal">On Mon, Mar 9, 2020 at 10:38 AM Moderated BCMA subscriber listserv. <<a href="mailto:bcma@lists.vifa.ca" target="_blank">bcma@lists.vifa.ca</a>> wrote:</p></div><blockquote style="border:none;border-left:solid #CCCCCC 1.0pt;padding:0cm 0cm 0cm 6.0pt;margin-left:4.8pt;margin-right:0cm"><div><div><p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt">Hi friends … <br><br>I am wondering if anyone else has been told by their accounting firms that as of 2019 Museums and Galleries now have to account for the value of their permanent collections when doing their yearend? <br><br>We were told we have three options:<br><br>1) get the whole collection appraised <br>2) include the value of all the tax receipts given and purchases made <br>3) provide a nominal value per item and multiply the entire value by the number of items in the collection. <br><br>I am wondering if anyone else has heard of this change and if so what are the thoughts of the community as we have never accounted for the value of our permanent collection on our books previously.<br><br>Thank you for your time and input.<br><br>I look forward to your reply.</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Paul F. Crawford</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Director/Curator</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Penticton Art Gallery</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">199 Marina Way</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Penticton, B.C. </p><p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt">V2A 1H5 Canada </p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Phone: <a href="tel:%28250%29%20493-2928" target="_blank"><span style="color:windowtext">(250) 493-2928</span></a><br>Email: <a href="mailto:curator@pentictonartgallery.com" target="_blank">curator@pentictonartgallery.com</a> </p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Web: <a href="http://www.pentictonartgallery.com/" target="_blank"><span style="color:windowtext">www.pentictonartgallery.com</span></a> <br><br>On the unceded territory of the Syilx (Okanagan) Peoples.</p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> </p></div></div><p class="MsoNormal">_______________________________________________<br>BCMA mailing list<br><a href="mailto:BCMA@lists.vifa.ca" target="_blank">BCMA@lists.vifa.ca</a><br><a href="http://lists.vifa.ca/mailman/listinfo/bcma" target="_blank">http://lists.vifa.ca/mailman/listinfo/bcma</a><br data-mce-bogus="1"></p></blockquote></div></div><br>_______________________________________________<br>BCMA mailing list<br>BCMA@lists.vifa.ca<br>http://lists.vifa.ca/mailman/listinfo/bcma<br></div></div></body></html>