Financial Update for SRC – March 6th, 2018 Facilitated by: Liam Schreiter, VP Finance & Operations

Table of Contents Info Desk Union Market Bar Services Cajun’s Perkin’s AxeHandle Programming Miscellaneous Summary Questions? Budget vs. Actual (YTD) Revenues/Expenses Net Income (Loss) per department

Information Desk YTD (Budget vs. Actual) Reductions: Revenues: $71970 -> $61028 Expenses: $97540 -> $83945 Net Income: -$25570 -> -$22917 Reductions: Post Office Revenue Bus Ticket Revenue

Union Market YTD (Budget vs. Actual) Actual Cost of Sales > Budget Revenues: $92,718 -> $84,244 Expenses: $97,086 -> $93,002 Net Income (Loss): -$4368 -> -$8758 Actual Cost of Sales > Budget 73% now; 83% November; improvements Brainstorm F

Bar Services YTD (Budget vs. Actual) Revenues: $304,599 -> $321,076 Expenses: $260,159 -> $262,686 Net Income (Loss): $44,441 -> $58,390 Realizing more revenues than budgeted Purchases to Sales: 7.7% less

Cajun’s YTD (Budget vs. Actual) Continued success from first semester Revenues: $249,650 -> $262,255 Expenses: $225,275 -> $213,176 Net Income: $19,694 (2017-2018) -> $49,079 Continued success from first semester Margins: 4-6.5% lower than budget

Perkin’s YTD (Actual vs. Budget) Food costs (margins) Revenues: $135,668 -> $127,629 Expenses: $138,614 -> $131,723 Net Income (Loss): -$2926 -> -$4094 Food costs (margins) 45% vs. 49.1%

AxeHandle YTD (Budget vs. Actual) Margins remain consistent w/ budget Revenues: $11100 -> $15304 Expenses: $11478 -> $17197 Net Income (Loss): -$408 -> -$1894 Margins remain consistent w/ budget Labour costs high in comparison to sales Due to reduction in sales through 2nd sem.

Miscellaneous Revenues Student Union Fees: $488,128 Programming: -$2696 vs. $7523 Vending: $26,800 vs. $19,632 Propane: $3500 vs. $22,884