SUMMARY STATEMENT OF OPERATIONS
FOR THE YEAR ENDED SEPTEMBER 30, 2019
REVENUE
2019 2018
$4,946,908 $4,803,394
Premises inspection fees 142,059 117,945
Penalties and other 109,408 100,281
Corporate registration fees 100,600 92,550
Application and examination fees 96,375 90,475
Interest 83,573 66,113
5,478,923 5,270,758
Registration fees
Criteria applied in the preparation of the summary financial statements
The criteria applied by management in the preparation of these summary
financial statements are as follows:
a) the information in the summarized financial statements is in agreement
with the related information in the complete financial statements; and
b) the summarized financial statements contain all the information necessary
to avoid distorting or obscuring matters disclosed in the complete financial
statements, including the notes therein.
Management determined that the statement of changes in net assets and the
statement of cash flows do not provide additional useful information, and as
such has not included them as part of the summary financial statements.
EXPENSES
2019 2018
2,224,527 2,101,162
Legal 901,320 1,089,982
Council and committees 392,795 339,140
Information management system 299,765 226,074
Office facilities 164,933 189,458
Bank and credit card charges 161,591 153,968
Investigations and hearings 117,662 127,981
Office and general 92,516 107,241
Professional health program 86,890 98,110
Insurance 81,236 81,381
Quality assurance 77,213 47,396
Policy development 62,138 113,770
Networking and representation 61,211 71,489
Communication 58,088 61,288
Premises inspections 54,616 57,108
Accounting and audit 45,125 40,290
Special projects 41,438 Exam administration 19,980 92,478
5,383 17,163
238,445 204,920
5,186,872 5,220,399
Staffing and related
Interest on capital leases
Amortization
EXCESS OF REVENUE OVER EXPENSES FOR THE YEAR $
292,051
$
50,359
COLLEGE OF VETERINARIANS OF ONTARIO ANNUAL REPORT 2019