Highlights The Society’s 2019-20 total
Revenue for the Year Ending March 31, 2020
6.4 %
Federal
revenue increased year-over-year by approximately $10.72 million, to $41.79 million. This represents an increase of approximately 34.49% over the previous year. The main source of growth was an increase in provincial funding related to Employment Services.
1.2 %
Municipal
0.3 %
United Way
5 %
Other Funding Agencies
0.9 %
Donations
2.2 %
Client Rent Contributions/Rental
1.2 %
Sales and Fees
0.4 %
Cost Recovery From Related Party
0.8 %
Miscellaneous
78 %
Provincial
Highlights Total expenses, increased year-over- year by approximately $9.35million, to $40.02million. This represents an increase of approximately 30.50% over the previous year. The increase in revenues and expenses, produced a net increase in operating surplus of approximately $1.37million, or 337% over the comparable surplus amount in the previous period. Overall, OCS had a good financial year and remains in sound financial condition. The Society’s total excess of revenue over expenditures, for the year, amounted to approximately $1.77million.
Expenses for the Year Ending March 31, 2020
7.3 %
Building Occupancy
0.3 %
Office
5.8 %
Program Costs/Training
0.7 %
Food Service and Supplies
7.7 %
Fees Paid To Clients
0.1 %
Interest
10 %
Contracted Services
4.9 %
Client Housing
0.4 %
Donations In-Kind
60 %
Wages and Benefits
5
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