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

2. 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

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

4. 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

5. 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

6. 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 ( ) -> $49,079
Continued success from first semester
Margins: 4-6.5% lower than budget

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

8. AxeHandle YTD (Budget vs. Actual) Margins remain consistent w/ budget
Revenues: $ > $15304
Expenses: $ > $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.

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