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</o:shapelayout></xml><![endif]--></head><body lang=EN-CA link=blue vlink=purple><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<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></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.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Regards<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Peter<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><img width=480 height=192 id="Picture_x0020_1" src="cid:image001.jpg@01D5F6CB.5F9FF490" alt=signaturePeter><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'> 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<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></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><o:p></o:p></p><div><div><div><div><div><div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Bulkley Valley Museum<o:p></o:p></p></div><div><p class=MsoNormal>PO Box 2615<o:p></o:p></p></div><div><p class=MsoNormal>1425 Main Street<o:p></o:p></p></div><div><p class=MsoNormal>Smithers, BC<o:p></o:p></p></div><div><p class=MsoNormal>V0J 2N0<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>250-847-5322<o:p></o:p></p></div><div><p class=MsoNormal><a href="mailto:info@bvmuseum.org" target="_blank">info@bvmuseum.org</a><o:p></o:p></p></div></div></div></div></div></div><p class=MsoNormal><o:p> </o:p></p></div></div><p class=MsoNormal><o:p> </o:p></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">bcma@lists.vifa.ca</a>> wrote:<o:p></o:p></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.<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Paul F. Crawford<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Director/Curator<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Penticton Art Gallery<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>199 Marina Way<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Penticton, B.C. <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>V2A 1H5 Canada <o:p></o:p></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> <o:p></o:p></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.<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></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><o:p></o:p></p></blockquote></div></div></body></html>