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

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

3. 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
Budget approved by Skate Canada Board of Directors April

4. 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

5. 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

6. 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

7. 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)

8. 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%

9. 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

10. 2018/2019 Budget to Actuals Actual Budget Variance Revenue 22 203 506
Expense
Profit
883
Includes Investment income of actual and budget

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

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

13. 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.

14. Statement of Financial Position

15. Statement of Financial Position

16. Statement of Operations - Revenue

17. Statement of Operations - Expenses

18. 2018/19 Event Statements

19. Final Comments Copies available online of:
Audited Financial Statements
Financial Statement Presentation
Questions?: