INCOMESTATEMENTFOR THE YEAR ENDED APRIL 30, 2019 (DOLLARS)REVENUESStudent feesMembership feesFood revenueGeneral revenueInvestment incomeClubs & Committees’ programmingDonations, grants & amortizationGratuities/Service ChargeTotal RevenuesEXPENSESSalaries, wages & benefitsCost of FoodMaintenanceUtilitiesInsuranceDepreciation, loss/gain on disposalClubs & Committees’ programmingTheatre production costsSundry expenseGeneral officePublicity, photography, printing, prizesUniforms & linen laundrySoftware & data processingEquipment, supplies, equip repair & rentalsUofT overheadTotal ExpensesOperating result before Commitments & TransfersCOMMITMENTS & TRANSFERSNet Spending on Capital AssetsAdd to (spend from) ReserveAdd to (spend from) Operating ReserveAdd to (spend from) Maintenance ReserveTotal Commitments & TransfersExcess of Revenue over Expense and Commitments2018–201910,264,6811,151,3733,214,4912,202,239398,534170,131177,872467,90918,047,22910,995,700983,289868,365819,444118,300683,610492,94351,459149,550365,261175,335172,762186,275648,523210,93816,921,7551,125,4752,268,314(72,316)127,900(1,198,423)1,125,475040
2018–19 OPERATING REVENUEOPERATING REVENUE OF $18 MILLION:STUDENT FEES: 52%FOOD AND RENTALS: 37%MEMBERSHIP AND CLASSES: 7%OTHERS: 4%2018–19 OPERATING EXPENSES AND COMMITMENTSOPERATING EXPENSES ANDCOMMITMENTS OF $18 MILLION:SALARIES: 61%CAPITAL RENEWAL AND UTILITIES: 25%COST OF FOOD: 6%OTHERS: 5%CLUBS AND COMMITTEES: 3%HARTHOUSE.CA 41
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