HartHouseAnnualReport-2017-18

INCOME STATEMENT
For the Year Ended April 30, 2018
ACTUAL 2017–2018
REVENUES
Student fees 9,811,927
Membership fees 1,130,097
Food revenue 3,374,398
8% 3%
OPERATING
REVENUE
General revenue 2,131,319
Investment income 220,313
Clubs & Committees’ programming 142,011
Donations, grants & amortization 196,337
Gratuities/Service Charge 483,745
37%
52%
Operating Revenue is $17.5 million:
Student fees: 52%
Food and Rentals: 37%
Membership Classes: 8%
Total Revenues $17,490,146
Other: 3%
EXPENSES
Salaries, wages & benefits 10,378,333
General office 381,557
Cost of sales 1,043,932
Depreciation, loss/gain on disposal 609,803
Clubs & Committees’ programming 455,937
Insurance 114,920
Maintenance 937,143
Utilities 883,883
Sundry expense 224,526
Publicity, photography, printing, prizes 134,588
Theatre production costs 47,812
Uniforms & linen laundry 175,985
Software & data processing 133,361
Equipment, supplies, equip repair & rentals 670,538
5%
7%
3%
OPERATING
EXPENSES &
COMMITMENTS
Operating Expenses & Commitments are
$17.5 million:
U of T overhead 205,704
$16,398,021
Operating result before Commitments & Transfers $1,092,125
26%
59%
Salaries: 59%
Capital Renewal & Utilities: 26%
Cost of Food: 7%
Commitments & Transfers
Net Spending on Capital Assets 904,214
Clubs & Committees: 3%
Other: 5%
Add to Internal Reserve (44,739)
Add to Operating Reserve 28,028
Add to Maintenance Reserve 204,622
$1,092,125
Excess of Revenue over Expense and Commitments $0.00
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