1. Financial Update for SRC
Facilitated by: Liam Schreiter, VP Finance & Operations

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

3. Information Desk Recently closed? YTD (Budget vs. Actual)
Still receive revenues and pay expenses for: Post Office, Maritime Bus, Fax, Kings Transit, Dry Cleaning, etc.
YTD (Budget vs. Actual)
Revenues: $ > $43673
Expenses: $ > $42223
Net Income: -$9929 -> $1450
Overall, performing relatively well

4. Appendix B: Financial Update
Union Market
Recent changes to layout and some products within store
YTD (Budget vs. Actual)
Revenues: $ > $48879
Expenses: $ > $55609
Net Income (Loss): ($4127) -> ($6730)
Actual Cost of Sales > Budget (83.3%)
Brainstorm F

5. Bar Services Bar Renovation Total (as of Oct 31)
Project Cost: $1.512 mln + $75k (HST)
Additional Costs: $287k + 43k (HST)
Total Cost: $1.918 mln
YTD (Budget vs. Actual)
Revenues: $162,397 -> $133,028
Expenses: $137,641 -> $101,659
Net Income (Loss): $ > $31369
Initial budget included being open for September
19 days last year in 12 this year

6. Cajun’s Great social media presence this year YTD (Budget vs. Actual)
Revenues: $174,300 -> $184,821
Expenses: $157,173 -> $146127
Net Income: $22,144 ( ) -> $38694
Management
Success around Welcome Week and Homecoming

7. Perkin’s Recently became fair trade YTD (Actual vs. Budget)
Revenues: $83,190 -> $78,597
Expenses: $83,928 -> $82,661
Net Income (Loss): ($738) -> ($4064)
Food costs (margins)

8. AxeHandle With bar being open, hours are reduced
YTD (Budget vs. Actual)
Revenues: $7980 -> $12137
Expenses: $7856 -> $10329
Net Income (Loss): $124 -> $1808
Due to bar being delayed, AxeHandle remained open for longer hours
Margins remain consistent w/ budget

9. Miscellaneous Revenues
Student Union Fees: $488,128
Welcome Week: $71,139 ($500 over budget)
Expenses: $43,014
Ticket Sales: $7628 ($400 over budget)
Vending: $9923

10. Summary Total Income through departments:
$83435
Overall doing well financially
Areas of Success:
Bar Services
Cajun’s
Areas of Concern:
Perkin’s
Union Market