Mary Ellen McDonald, Senior Director Operations 2019/20 Skate Canada Budget Finance Report May 24 2019 Ice Summit Ottawa Mary Ellen McDonald, Senior Director Operations

Annual Budget Agenda Process Key Assumptions Income Statement Revenue Expenses 2018/19 Audited Financial Statements Questions

Annual Budget Process Timeline Budget developed with department leads in October 2018 Strategic Plan imperatives, deliverables and key metrics were used in development of assumptions, parameters and programs. Management forecast for the year ended 2018/19 was also executed at this time and used in development of assumptions and parameters. Budget assumptions and parameters provided to FERM in November 2018 Budget revisions based on additional information in January 2019 and the 2019/20 MD&A (draft budget) was prepared and presented to FERM and Board Budget recommended for approval by FERM March 14 2019 Budget approved by Skate Canada Board of Directors April 23 2019

Annual Budget Key Assumptions - Revenue Registrant and Member Increase of 1.0% or 1,500 registrants Increase of 1.0% or 55 coaches No change in Skating Schools and Clubs Increase from $32.00 to $40.00 for registrant fee Test Revenue No change to fees

Annual Budget Key Assumptions - Revenue Government Funding Sponsorship Own The Podium (OTP) unchanged from 2018/19 Core funding remained unchanged from 2018/19 Sponsorship Consistent sponsors from prior year Change in CTC contract terms results in decrease of $350K Events Skate Canada hosted the GP Final event and Junior Grand Prix in 2018 Revenue from Skate Canada hosted events remains unchanged in 2019/20

Annual Budget Key Assumptions - Expenses Staff Costs Events Fully staffed as at April 1 Annual average wage adjustment of 2.5% Events Skate Canada hosted the GP Final event and Junior Grand Prix in 2018 Expenses from Skate Canada hosted events remains unchanged in 2019/20

Revenue Membership 8,182 6,763 1,419 Test Fees 1,094 1,204 90 Account 2019/2020 Budget 2018/2019Actuals Change Membership 8,182 6,763 1,419 Test Fees 1,094 1,204 90 Government 3,003 2,937 66 Sponsorship 1,166 1,482 (316) Events 3,309 7,052 (3,743) Safe Sport 574 581 (7) Value in Kind 18 176 (158) Merchandising 135 121 14 Other 516 695 (179) TOTAL 17,997 21,011 (3,014)

Expenses G&A 1,619 1,816 (197) HR 4,542 4,360 182 Professional Fees Account 2019/2020 Budget 2018/2019 Actuals Change G&A 1,619 1,816 (197) HR 4,542 4,360 182 Professional Fees 1,024 715 309 Travel & Living 801 763 38 Events 3,482 6,732 (3,250) HP Comp Expense 1,168 1,023 145 Stakeholder Training 379 302 77 Advertising 242 248 (6) Grants 5,104 4,313 791 Other 175 129 46 Total 18,536 20,402 (1,866) G&A – Prior year had VIK expenses (offset in revenue) reduced by capitalization of finance system upgrade Professional Fees – Pairs project (70K) and safe sport at 100%

Annual Budget Risks and Opportunities Risks Enrolment of youth in sports is provided by disposal family income so any weakening of economy could have a negative impact on growth

2018/2019 Budget to Actuals Actual Budget Variance Revenue 22 203 506 20 563 010 1 640 496 Expense 20 401 514 20 562 127 160 613 Profit 1 801 992 883 1 801 109 Includes Investment income of 1 191 842 actual and 1 125 000 budget

Finance Report: Audited Financial Statements, For the year ended March 31, 2019

Auditors April 23rd - 26th : On-Site audit work May 15th : FERM Committee reviews audited financial statements May 23rd: Board reviews audited financial statements

Auditors Report O pinion In our opinion , the financial statements present fai rly, in all material respects, the financial position of Skate Canada as at March 31, 2019 and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not - for profit organizations.

Statement of Financial Position

Statement of Financial Position

Statement of Operations - Revenue

Statement of Operations - Expenses

2018/19 Event Statements

Final Comments Copies available online of: Audited Financial Statements Financial Statement Presentation Questions?: mmcdonald@skatecanada.ca