Annual Report (2014-15)

Financials

Revenue for the Year Ending March 31, 2015

Provincial

76.45 %

Federal

6.53 %

Municipal

.25 %

United Way

1.83 % 7.94 %

Other Funding Agencies

Donations

.30 %

Client Rent/Rentals

3.21 % 1.56 % 1.83 %

Sales and Fees

Miscellaneous

Highlights The Society’s 2014-2015 total revenue, before internal allocations, decreased year- over-year by approximately $288,000, to $24.7 million. This represents a decrease of approximately 1.15% over the previous year.

Expenses for the Year Ending March 31, 2015

Wages and Benefits

65.93 %

Building Occupancy

7.37 % 3.11 % 6.74 % 1.03 % 3.22 %

Office

Program Costs/Training Food Service & Supplies

Fees to Clients

Bank Charges & Interest

.33 % 5.9 %

Contracted Services

Client Housing

6.37 %

Highlights Total expenses, before internal allocations, decreased year over year by approximately $581,000, to $23.2 million. This represents a decrease of approximately 2.44% over the previous year. The decrease in revenues and expenses produced a net increase in operating surplus of approximately $293,000 or 24.25%, over the comparable surplus amount in the previous period. Once again OCS had a very good financial year and remains in excellent financial condition.

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