1. FINANCIAL REPORT
YEAR ENDED MARCH 31, 2018

2. MAKING SENSE
OF ALL THE NUMBERS

3. SSO INCOME STATEMENT 17/18

4. SSO Income statement highlights
GAME ON – Ministry Grant process changed with a new sport plan – this is now an all inclusive grant, including special programs & Canada Games, and is based on our ability to show a clear pathway to the podium
With the move of our investments to Manulife, interest earned was doubled. Revenue earned from investment Interest, Hilton Invitational, Hotel commissions and apparel sales helps SSO contribute towards and reduce the athlete cost to attend such programs as FutureGen, L2T, T2T, Provincial Teams and Canada Games Teams
SSO moved to a much-needed larger office space which includes a classroom to run our coaching/judging courses
Professional & legal fees included a full HR review by Sport Law & Strategy. This was not in the original budget but was approved and supported by the board as valuable
SSO released new videos which brought much-needed branding and exposure to our sport along with a more user-friendly website design which will be launched shortly
Credit card expenses were reduced to about half of previous year expenses
Leasehold improvements for the new office will be depreciated over the next 5 years. New office furniture, shelving etc. was purchased at a substantial discount
SSO supported six officials at the FINA School, and promotion of two officials to level three, held in Calgary at the NQ
RTC financials are under the umbrella of SSO and tracked in detail in a separate database. They are integrated into the SSO year end financials.

5. SSO ACTUALS/BUDGET 17/18 (1/3)

6. SSO ACTUALS/BUDGET 17/18 (2/3)

7. SSO ACTUALS/BUDGET 17/18 (3/3)

8. RTC INCOME STATEMENT 17/18

9. SSO STATEMENT OF FINANCIAL POSITION 17/18

10. SSO GRANTS BREAKDOWN 17/18 95.7% Game ON- Ministry
Grant – base & special programs

11. SSO REVENUE TO GRANTS
Over Past 6 Years

12. SSO ANNAUL 17/18 REVENUE BREAKDOWN

13. SSO EXPENSES BREAKDOWN 17/18
36%
Notes – 2016/17 – Program 55% - Salary & Benefits 33% - Administration 12%

14. SSO Reserve Plan
SSO has approximately 2 years of Base Grant in reserve.
With the new sport plan GameOn grant funding process changes and a later than usual confirmation of funding, SSO was able to proceed with our planned programs for the 17/18 season without delay. Many sports groups did not have the security of a reserve plan and had to delay planned programs.
Reserve funds to continue programs after grant term ends, e.g. T2T, L2T also able to support future program planning.
SSO has reserve funds should membership drop drastically, giving us time to react.