Board of Directors

From time to time, YMCA of Lethbridge purchases goods and/or professional services from board members or companies in which a board member is an owner, partner, or senior manager. These transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties and, which, in management’s opinion, is comparable to the amounts that would have been paid to non-related parties. These transactions are subject to a regular review process.

In 2022, there were no payments made to board members or companies in which a board member is an owner, partner or senior manager.