Joseph Brant Hospital 2017 Annual Report JBH Annual Report 2017 final - Page 21

THE AUXILIARY TO THE JOSEPH BRANT HOSPITAL STATEMENT OF OPERATIONS Our $5 Million Pledge YEAR ENDED MARCH 31, 2017, WITH COMPARATIVE INFORMATION FOR 2016 Operating Restricted Total Total fund fund 2017 2016 Revenues: Sales $ 1,876,783 $ 74,378 $ 1,951,161 $ 1,938,548 Fundraising activities 157,735 - 157,735 120,498 Television and wireless internet rental 30,795 - 30,795 32,423 Interest and miscellaneous income 3,976 208 4,184 4,258 2,069,289 74,586 2,143,875 2,095,727 The Auxiliary to Joseph Brant Hospital has pledged to raise $5 million for the Campaign in support of the JBH Redevelopment and Expansion Project. We are excited to make our 2016-2017 donation in the amount of $310,000. These funds will help purchase state-of- the-art patient beds that are part of the Auxiliary’s $5,000,000 pledge and will truly impact the patient experience and quality of care. Expenses: Cost of sales 713,208 49,233 762,441 741,415 Salaries and benefits 735,189 – 735,189 714,317 Royalties and advertising levy (note 7) 103,724 – 103,724 101,492 General 82,118 – 82,118 75,437 Auxiliary drink tickets 20,420 – 20,420 19,783 Repairs and maintenance 16,387 – 16,387 15,957 Professional fees 12,934 – 12,934 17,967 Depreciation and amortization 10,116 – 10,116 10,556 Administrative 7,508 – 7,508 8,798 License – 4,769 4,769 4,985 Tickets – 3,580 3,580 3,743 Loss on disposal of capital assets – – – 1,069 Advertising – – – 178 Other 42,098 58 42,156 34,566 1,743,702 57,640 1,801,342 1,750,263 Total Donations for 2016-2017 Excess of revenues over expenses before the undernoted Donations to Joseph Brant Hospital Foundation Excess of revenues over expenses Balance, beginning of year Fundraising Events Net Profit Auctions $ 42,025 Downtown Funk $ 33,325 Picnic/ Coin Box $ 3,070 Hairdressing $ 3,925 Book Sales $ Balance, end of year 325,587 16,946 (276,296) (15,000) 49,291 1,946 186,962 3,506 $ 236,253 $ 5,452 $ 342,533 (291,296) 51,237 190,468 241,705 $ 345,464 (314,324) 31,140 159,328 190,468 THE AUXILIARY TO THE JOSEPH BRANT HOSPITAL BALANCE SHEET 2017 2016 Assets Current assets: Cash $ 324,196 $ 510,460 5,635 Accounts receivable 16,337 15,143 Inventories 80,815 87,454 5,040 Prepaid expenses 1,511 8,830 Vendor Sales $ Total $ 93,020 422,859 621,887 Capital assets, net of accumulated depreciation (note 2) 26,947 32,103 Intangible asset, net of accumulated amortization (note 3) 500 2,500 Restricted assets: Cash 17,022 15,834 Prepaid expenses 949 190 17,971 16,024 Our Story $ 468,277 $ 672,514 $ 127,144 $ 119,881 Liabilities and Net Assets Current liabilities: The Volunteers are fantastic! I have never seen anything like it; everywhere I went they were there! Just Brilliant. – Anonymous Accounts payable and accrued liabilities (note 4) Deferred revenue – 6,000 Due to Joseph Brant Hospital (note 5) 99,428 356,165 226,572 482,046 Net assets: Operating fund 236,253 186,962 Restricted fund 5,452 3,506 241,705 190,468 $ 468,277 $ 672,514 Annual Report 2016-2017 21