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Treasury Report – Executive Board Meeting�

Presented by the Finance Committee�

February 26, 2026

Finance Team Achievements & Events Since Last Treasurer’s Report

• HCGM Debt Restructuring Update:

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• We are currently awaiting a response from the Bank of Montreal. The Bank has confirmed via email that all requested documentation has been received and is now under review by their team.

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• The Finance Team recently met with the President to discuss the preparation of updated cash flow projections extending an additional two years, in anticipation that the Bank may request these following the completion of their initial review. The Finance Team is now actively working on this request.

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• 120^TH Anniversary – First Event: Our Roots, Our Journey Luncheon

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• Our Roots, Our Journey luncheon was held at Hotel 10 on Sunday, February 8^th, 2026.

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• Actual revenues (incl. donations): $12,200
• Actual operating costs: $11,600
• Actual operating surplus: $600
• In-kind donations: 24 bottles of olive oil were generously provided by Messara Foods Inc. (value ~$400) for the event

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Contd: Finance Team Achievements & Events Since Last Treasurer’s Report

• Membership & Youth Initiative:

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• The Youth Wave Party is scheduled for February 28th at the Embassy Plaza in Laval. The event targets 12–17-year-olds.

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• Expected ticket sales: 400 tickets at $35 each, totaling $14,000 (currently 350 tickets sold)
• Sponsorships secured: $8,000
• Expected operating costs: $14,000
• Projected operating surplus: $8,000

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• Final results, including total costs and sponsorship revenues, will be reported in next month’s Treasurer’s Report once the event has concluded.

• Internal Controls:
• A third lock has been successfully installed on the “Pagari” at St. George.

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• Next steps: Review camera installations across all HCGM churches, including the potential installation of a camera in the offices.

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Contd: Finance Team Achievements & Events Since Last Treasurer’s Report

• Spring Cleaning Project:

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• Following renovations observed online in the Common Room of the Foyer Hellenique, Sophie Salvanos and her husband, Photi Dimopoulos (partner at MNP), reached out to us to offer various used office furniture in good condition. MNP is relocating to a temporary office location until their final offices are ready for occupancy and will likely move again in Fall 2026.

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• Furniture successfully acquired:

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• 11 desks
• 5 bookcases
• 2 credenzas
• 1 sofa
• 23 task chairs
• 2 office chairs

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• Distribution: 11 desks, 1 credenza, 4 bookcases and 12 task chairs were moved directly to Socrates III (Roxboro). The remaining furniture is currently being stored in the Grande Salle.

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• Next steps: There is a possibility to acquire additional furniture during MNP’s move in Fall 2026. Photi Dimopoulos will advise when the time comes.

Contd: Finance Team Achievements & Events Since Last Treasurer’s Report

• Foyer Hellenique & HCGM Offices Lobby Renovations:

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• Foyer Hellenique Common Room: Renovations and cleaning are now 100% complete, including the installation of the clock.

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• Lobbies: Plastering and painting of the Foyer Hellenique and HCGM Offices lobbies are currently underway.

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• Baseboards & Flooring: Baseboards from the Foyer Hellenique lobby were removed and will be replaced with new matte black tiles, generously donated by Angelo Chiotis.

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• Paint & Primer: All paint and primers are being generously donated by Eric Litsakis from Eric Painting.

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• Plastering & Painting Services: Generously being donated by Nick Madakis from Peintures Renovations E.N.

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• March 25^th Parade: Assistance with banner developments and other related event projects.

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• Payroll deductions remain up to date.

Estimated Debt Summary – HCGM Liabilities Snapshot �(outstanding liabilities as at July 4, 2025: unaudited)

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The current debt structure limits flexibility

�APPENDIX�