FIRM IN MOTION YEAR IN REVIEW

Transcription

1 FIRM IN MOTION YEAR IN REVIEW

2 EXPERIENCING SUCCESS At Eide Bailly, we have forward-thinking partners, talented staff and a strong vision for our future. Our goal to double in size in five years is taking shape; two years into this endeavor, we find ourselves on track. Business is good. Many ask how we are able to experience steady growth. We strategize, implement, adjust and strategize again. By embracing change, we are able to propel our firm forward in a way that adds value to all our stakeholders clients, community, staff and partners. We are mindful of what s important: hiring the best people, expanding our service lines, looking for new opportunities and finding better ways to serve our clients. We are always in motion. We treat every client s business as if it were our own, because we enjoy helping them succeed. And when we surround ourselves with successful businesses, we experience even greater success. We look forward to the year before us. Dave Stende, Managing Partner/CEO

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5 SERVING PASSIONATELY In today s competitive marketplace, clients expect quality services and products from their service providers; however, they appreciate and value exceptional service. What makes Eide Bailly different is our client experience: We promise our clients an experience, second to none, where they feel understood, connected and confident. At Eide Bailly, we are passionate about our work and we think about our clients all the time even when they don t expect it. Clients value our peer-to-peer approach to service delivery that puts the emphasis on understanding their business, and their goals. Our clients appreciate when we share new ideas, help them find better ways to do things and solve their business issues. It makes them feel good, which makes us feel good. This inspires us to find even more ways to help our clients. Our approach to service isn t rocket science; it s about taking a genuine interest in our clients. We listen carefully to fully understand their situation and connect them with appropriate resources and information, so they can make confident business decisions. Success is demanding. We ve got our clients backs.

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7 BUILDING TALENT As a top 25 CPA firm in the nation, we are able to attract talented staff. But our clients expect more than this. They want caring, friendly professionals who understand business individuals who have their best interests at heart and can align business needs with the right solutions. Similarly, our people want a rewarding career filled with purpose, as well as an environment that helps them reach their potential. Eide Bailly understands these dynamics, and our firm has created a caring and supportive culture that both clients and staff appreciate. In fact, people across the nation notice our culture: we are proud to be ranked 4th in the nation for culture and 6th in the nation for interaction with clients in Vault s Accounting Firms Rankings: 2016 Vault Accounting 50 Report (vault.com). At Eide Bailly, we promise our staff a different experience; one that includes: - meaningful, challenging work - learning opportunities on and off the job - a culture where women are as likely to succeed as men - growth and leadership opportunities - the chance to make an impact We are not just hiring top talent, we are building a talented firm where clients and staff can experience success.

8 SUPPORTING COMMUNITY We are proud to work and live in supportive communities across the country communities that are active and thriving. At Eide Bailly, we find it rewarding to give back to our communities by supporting existing programs, developing new initiatives, providing direction for our youth and offering support in times of need. We encourage our staff and partners to actively participate and contribute to our communities in meaningful ways. We have found that our people approach philanthropy like they do their work, turning their passions into great achievements. They have found many ways to give back to their communities some thrive in visible leadership roles, while others choose to work behind the scenes. Many of our professionals share their knowledge with organizations and associations, while others turn to their children s activities as leaders and coaches. In addition to individual contributions, our offices look for ways to support local causes. We participate in educational programs, fundraisers and special events. Because we feel strongly about supporting our communities, we have developed a formal corporate responsibility program, through which we will set goals and track our progress.

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10 N OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO S EN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHO NO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLO HOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLIN E FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MIN LLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKA Y MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUN N SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FO NCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHO COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORM A CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAN MAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARC ND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO O CK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEG OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX EGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVE LLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO R ISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LA TO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARG UE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULS ARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENV ULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGD R MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN E EN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAK DEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOU NO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLO HOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLIN E FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MIN LLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKA Y MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUN N SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FO NCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHO COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORM A CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAN MAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARC ND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO O CK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEG OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX EGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVE OFFICES LLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO R ISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LA TO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARG STATES UE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULS ARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER DENV ULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGD R MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN E EN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER

11 ALT LAKE CITY TULSA DENVER BISMARCK FORT COLLINS ENIX BOULDER DENVER MANKATO RENO OKLAHOMA CITY N WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN GS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND GROWING TO SERVE NEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK NE LEHI PHOENIX BOULDER DENVER MANKATO RENO CTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS RT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX MA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER AN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO D JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE Many ask why we continue to grow. The simple answer is to remain K FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO competitive in the marketplace. Being a large, regional firm allows us KLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA to build a strong platform of specialty services to address our clients AS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER needs. It also gives our staff more opportunities to grow professionally, FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN specialize and become leaders. Our growth is intentional and keeps R BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO our firm vibrant and forward-thinking. ENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY S VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER Our external growth this past year includes: O SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON A DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN JUNE 2014 We expanded westward with McDirmid, Mikkelsen & ER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO Secrest into the state of Washington (Spokane). EN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX LKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON AUGUST 2014 Sample & Bailey expanded our Colorado presence in E CITY TULSA DENVER BISMARCK FORT COLLINS BILLINGS Fort Collins. LDER DENVER MANKATO RENO OKLAHOMA CITY N WILLISTON OGDEN DUBUQUE LAS VEGAS NORMAN NOVEMBER 2014 Accounting Systems, Inc., also in Fort Collins, GS ABERDEEN GOLDEN ELKO FARGO SIOUX FALLS GRAND strengthened our ERP technology practice. NEAPOLIS RENO SALT LAKE CITY TULSA DENVER BISMARCK NE LEHI PHOENIX BOULDER DENVER MANKATO RENO NOVEMBER 2014 With the addition of Muckel Anderson, we made CTION BOISE FALLON WILLISTON OGDEN DUBUQUE LAS our debut in Nevada (Reno). RT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO SIOUX MA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA DENVER DECEMBER 2014 Kafoury Armstrong & Company (Reno, Fallon, Elko AN SPOKANE LEHI PHOENIX BOULDER DENVER MANKATO and Las Vegas) joined Eide Bailly, making us the largest regional CPA D JUNCTION BOISE FALLON WILLISTON OGDEN DUBUQUE firm in the state of Nevada. K FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO FARGO KLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY TULSA JUNE 2015 With the addition of Sartain Fischbein & Company, we are AS NORMAN SPOKANE LEHI PHOENIX BOULDER DENVER now one of the largest CPA firms in Tulsa, Oklahoma. FALLS GRAND JUNCTION BOISE FALLON WILLISTON OGDEN R BISMARCK FORT COLLINS BILLINGS ABERDEEN GOLDEN ELKO AUGUST 2015 Kyazma Business Consulting, a technology firm in Lehi, ENO OKLAHOMA CITY MINNEAPOLIS RENO SALT LAKE CITY Utah, brought our clients a new service offering: Salesforce consulting, S VEGAS NORMAN SPOKANE LEHI PHOENIX BOULDER implementation and support. O SIOUX FALLS GRAND JUNCTION BOISE FALLON WILLISTON A DENVER BISMARCK FORT COLLINS BILLINGS ABERDEEN ER MANKATO RENO OKLAHOMA CITY MINNEAPOLIS RENO EN DUBUQUE LAS VEGAS NORMAN SPOKANE LEHI PHOENIX LKO FARGO SIOUX FALLS GRAND JUNCTION BOISE FALLON

12 BY THE NUMBERS 1917 FOUNDED 220M FIRMWIDE REVENUE 54K FIRM CLIENTS 19 th Largest CPA FIRM IN THE NATION

13 SERVICE MIX BY REVENUE FIRM MEASUREMENTS 20% 2% TAX SERVICES AUDIT & ASSURANCE CONSULTING/OTHER PARTNERS STAFF TOTAL OFFICES FY NET FEES ,385 1, $220M ,237 1, $192M AFFILIATES ,104 1, $171M 36% 42% ,016 1, $158M FIRMWIDE RESOURCES STATE PARTNERS STAFF TOTAL Arizona: Phoenix Colorado: Boulder, Denver, Fort Collins, Golden, Grand Junction Idaho: Boise Iowa: Dubuque Minnesota: Mankato, Minneapolis Montana: Billings Nevada: Elko, Fallon, Las Vegas, Reno North Dakota: Bismarck, Fargo, Williston Oklahoma: Norman, Oklahoma City, Tulsa South Dakota: Aberdeen, Sioux Falls Utah: Lehi, Ogden, Salt Lake City Washington: Spokane TOTAL 234 1,385 1,619

14 ADDING VALUE SERVICE OFFERINGS ACCOUNTING SERVICES accounting software implementation, accounts payable and accounts receivable management, business accounting, cloud accounting, controller outsourcing, general ledger reconstruction, payroll services AUDIT & ASSURANCE audit, compilations and reviews; employee benefit plan audits; international financial reporting standards, SEC services, Service Organization Control (SOC), single audits FINANCIAL SERVICES financial planning, insurance services, investment services FORENSIC & VALUATION BUSINESS VALUATION: business value enhancement, disputes, financial reporting, shareholder agreements, tax & wealth management, transactions COMPUTER FORENSICS: attorney & corporate consulting; collection, preservation and litigation holds; e-discovery and data services; incident response and network forensics; Internet & social media forensics, mobile devices and cloud forensics; risk advisory services FORENSIC ACCOUNTING: claims review, economic damage calculations, financial exploitation, fraud awareness training, fraud detection and investigation, internal controls examination, litigation support and consulting HUMAN RESOURCES: employee assessment tool, background checks, hotline reporting, placement services RISK ADVISORY SERVICES internal audit, IT audit/controls review, IT risk assessment, Sarbanes- Oxley (SOX) compliance, security governance compliance, security services, Service Organization Control (SOC) TAX SERVICES COMPLIANCE: tax planning and preparation; tax research TAX SERVICES (CONTINUED) CONSULTING: accounting methods and periods; cost segregation studies; estate, trust and gift services; low income housing credits; repair regulations; research and development (R&D) tax incentives; Section 199; State and Local Tax (SALT); tax authority audit & correspondence; tax controversy consulting INTERNATIONAL: inbound and outbound international tax planning; international tax for individuals and businesses; transfer pricing; U.S. export tax incentive (IC-DISC) SALT: amnesty programs, apportionment reviews, FAS 5, FIN 48, Nexus studies, payroll tax consulting, routine SALT consulting services, sales and use tax process review, sales taxability analysis, tax controversy, unclaimed property consulting, voluntary disclosures TECHNOLOGY CONSULTING TECHNOLOGY SERVICES: security services, custom development, technology planning & strategy, IT assessment, solution selection, project management ERP & CRM (NetSuite, Sage, Salesforce): solution selection and implementation, optimization, training and support BUSINESS ANALYTICS: KPI discovery, project management and implementation INFRASTRUCTURE & NETWORKING: managed services, technical architecture & design, collaboration & communication, IT staffing services, infrastructure & networking solutions TRANSACTION SERVICES financial analysis, tax consulting, valuation analysis, due diligence/ quality of earnings, financial services, sale preparation WEALTH MANAGEMENT business valuation, financial services, succession planning, wealth transition services

15 INDUSTRY EXPERTISE 1 AFFORDABLE HOUSING arbitrage calculations, financial forecasts and projections, compliance reviews, cost certifications and cost segregation studies AG PRODUCERS Farm Service Agency program management, strategic planning, succession planning, retirement planning and estate planning CONSTRUCTION & REAL ESTATE claims and litigation support, operational analysis and assessment, succession planning, background checks and executive placement and leadership transition DEALERSHIPS dealer profitability and controls, merger and acquisition consulting, fraud prevention, cost segregation, business valuations and regulatory compliance FINANCIAL INSTITUTIONS directors exams, compliance consulting & helpline, BSA/AML, loan file review, regulatory consulting, call report consulting and preparation, technology services, examinations, network security review, strategic planning, bank expansion & branching, mergers & acquisitions, BASEL III & capital planning, IRR analysis GAMING accounting services, employee benefit plan audits, forensic & valuation, Nevada internal audit outsourcing, Nevada financial statement preparation, technology consulting, Title 31 anti-money laundering, transaction services, tribal gaming and wealth management GOVERNMENT forensic accounting, arbitrage services, technology consulting and general consulting and litigation support HEALTH CARE revenue cycle, compliance, coding, health care payment strategies, strategic finance, process improvement, information technology and organizational consulting INSURANCE Statutory and GAAP audit and tax services, captive services, regulatory compliance, financial and market conduct services and model audit rule MANUFACTURING & DISTRIBUTION R&D tax credits, international tax services (including IC DISC), cost segregation, state and local tax, business valuations, succession planning, technology consulting, forensic services, mergers & acquisitions, executive search and Health Care Reform NONPROFIT compensation and benefits, entity structure, intermediate sanctions planning and documentation, securing exemptions and private foundation planning, technology consulting, functional cost allocation analysis, internal controls review, board education and development, mergers & acquisitions and international activities OIL & GAS mergers & acquisitions, due diligence projects, master limited partnerships, review of internal controls and accounting processes, oversight of depletion, ARO, impairment analysis and deferred tax calculations, evaluation of purchase price allocations and selection of financial accounting software RENEWABLE ENERGY operational efficiencies, strategic planning, internal control and SOX 404 services, business valuations, cost segregation studies, RINs attestation services, and forecasts and projections UTILITIES mergers & acquisitions, depreciation and rate studies, business valuations, and compliance with Section 404 of the Sarbanes-Oxley Act 1 We offer our core services of audit & assurance and tax to all industries. CONNECT WITH US

16 An Independent Member Firm of HLB International Rev: 10/2015 CULTURE THE FOUNDATION OF SUCCESS Caring for our external and internal clients with a passion to go the extra mile. Respecting our peers and their individual contributions. Conducting ourselves with the highest level of integrity at all times. Trusting and supporting one another. Being accountable for the overall success of the firm, not just individual or office success. Stretching ourselves to be innovative and creative, while managing the related risks. Recognizing the importance of maintaining a balance between work and home life. Promoting positive working relationships. And, most of all, enjoying our jobs and having fun!