Financials
Revenue for the Year Ending March 31, 2017 Provincial 75.6% Federal 6.2% Municipal 0.4% United Way 2.6% Other Funding Agencies 8.6% Donations 0.5% Client Rent/Rentals 2.6% Sales and Fees 1.5% Miscellaneous 2.1%
Highlights The Society’s 2016-17 total revenue, before internal allocations, increased year-over-year by approximately $1.96 million, to $27.84 million. This represents an increase of approximately 7.56% over the previous year. In addition, the Society had a gain on sale of capital assets, amounting to $550 ($679,336 in the 2015-16 fiscal year).
Expenses for the Year Ending March 31, 2017 Wages and Benefits 63.5% Building Occupancy 6.7% Office 2.7% Program Costs/Training 7.6% Food Services and Supplies 1.0% Fees to Clients 7.7% Bank Charges and Interest 0.2% Contracted Services 4.5% Client Housing 6.1%
Highlights Total expenses, before internal allocations, increased year-over-year by approximately $1.90 million, to $27.11 million. This represents an increase of approximately 7.52% over the previous year. The increase in revenues and expenses and the decrease in the gain on the sale of capital assets, produced a net decrease in operating surplus of approximately $619,000, or 46.02% under 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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