Not So Fast: Fort McMurray One Year Update
The Canadian Red Cross announced 1-year results on its Fort McMurray disaster response. It reports 75% of total funds received are "spent and committed." Looking into the financial numbers and deferred accounting rules, of this, it looks like 61% of total funds donated are actually spent.
Previous Charity Intelligence reports on Fort McMurray:
Fort McMurray 6 Month Update – In the most recent three months, Canadian Red Cross received an additional $20 million in donations and spent $21 million. Spending was primarily on Red Cross programs ($16 million). Canadian Red Cross is doing one-to-one needs assessments. So far it has completed 13,310 client assessments, providing 9,000 families with money for temporary housing, rent, mortgage and utility payments. Canadian Red Cross has spent an estimated $187 million - 59% of total funds available - with $130 million remaining for Fort McMurray's relief and rebuilding. All of these funds have been committed, but commitments may change with new needs emerging - November 3, 2016
Fort McMurray 3 Month Update – Canadian Red Cross announced new spending commitments of $92 million. New commitments include $62 million for more Canadian Red Cross programs and $26 million to Fort McMurray's small and mid-sized businesses. This allocates the full $299 million in donations and matching government funds. Now the challenge is to move from commitments to execution. After fast disaster response in May, spending slowed. To date, $165 million has been spent - 55% of total funds available. Fort McMurray’s local charities haven’t seen much of the $50 million promised in June. We hope this changes, quickly - September 29, 2016
Fort McMurray 2 Month Update – The disaster phase is over. Fort McMurray now transitions to the relief and rebuilding phase. To date, 45% of donations and grants spent, Canadian Red Cross has an estimated $141 million to spend. This report gives donors a review of the disaster response with comparisons to other Canadian disasters Alberta Floods, Lac Megantic and Slave Lake, and brief updates on a few of Fort McMurray’s local charities – July 7, 2016
Transition from Disaster to Recovery – May 30, 2016
Fort McMurray Fires: Where to Give – May 5, 2016
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