HartHouseAnnualReport-2017-18
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INCOME STATEMENT<br />
For the Year Ended April 30, 20<strong>18</strong><br />
ACTUAL <strong>2017</strong>–20<strong>18</strong><br />
REVENUES<br />
Student fees 9,811,927<br />
Membership fees 1,130,097<br />
Food revenue 3,374,398<br />
8% 3%<br />
OPERATING<br />
REVENUE<br />
General revenue 2,131,319<br />
Investment income 220,313<br />
Clubs & Committees’ programming 142,011<br />
Donations, grants & amortization 196,337<br />
Gratuities/Service Charge 483,745<br />
37%<br />
52%<br />
Operating Revenue is $17.5 million:<br />
Student fees: 52%<br />
Food and Rentals: 37%<br />
Membership Classes: 8%<br />
Total Revenues $17,490,146<br />
Other: 3%<br />
EXPENSES<br />
Salaries, wages & benefits 10,378,333<br />
General office 381,557<br />
Cost of sales 1,043,932<br />
Depreciation, loss/gain on disposal 609,803<br />
Clubs & Committees’ programming 455,937<br />
Insurance 114,920<br />
Maintenance 937,143<br />
Utilities 883,883<br />
Sundry expense 224,526<br />
Publicity, photography, printing, prizes 134,588<br />
Theatre production costs 47,812<br />
Uniforms & linen laundry 175,985<br />
Software & data processing 133,361<br />
Equipment, supplies, equip repair & rentals 670,538<br />
5%<br />
7%<br />
3%<br />
OPERATING<br />
EXPENSES &<br />
COMMITMENTS<br />
Operating Expenses & Commitments are<br />
$17.5 million:<br />
U of T overhead 205,704<br />
$16,398,021<br />
Operating result before Commitments & Transfers $1,092,125<br />
26%<br />
59%<br />
Salaries: 59%<br />
Capital Renewal & Utilities: 26%<br />
Cost of Food: 7%<br />
Commitments & Transfers<br />
Net Spending on Capital Assets 904,214<br />
Clubs & Committees: 3%<br />
Other: 5%<br />
Add to Internal Reserve (44,739)<br />
Add to Operating Reserve 28,028<br />
Add to Maintenance Reserve 204,622<br />
$1,092,125<br />
Excess of Revenue over Expense and Commitments $0.00<br />
36 HARTHOUSE.CA<br />
37