Thank You to Retiring Directors
The Joseph Brant Hospital Foundation recognizes and thanks our outgoing directors
for their incredible generosity, dedication and passion for healthcare in our community.
Your collective enthusiasm and guidance will be greatly missed.
Mitch Gibbs
Arshad Hack
Tracy King
Shaun Power
Jim Sweetlove
Statement of Operations and
Changes in Fund Balances
Year ended March 31, 2019, with comparative information for 2018
Undesignated Designated Endowment
fund
fund
fund
2019
Total
2018
Total
Revenues:
Fundraising revenue (note 10)
$ 11,142,195
Investment income (loss)
Unrealized gain on investments
$ 1,845,391
290,169
-
$
-
64,286
-
$ 12,987,586
(62,354)
137,779
11,432,364 1,909,677
$ 11,390,004
292,101
137,779
242,010
-
75,425 13,417,466 11,632,014
Expenses:
Operating (note 11)
2,294,340
2,294,340
- -
- - 2,294,340 2,510,229
Excess of revenues over
expenses before grants
9,138,024 1,909,677
Grants (note 12) (5,230,980) (4,171,070)
2,294,340
75,425 11,123,126
2,510,229
9,121,785
- (9,402,050) (8,081,425)
Excess of revenues over expenses
(expenses over revenue) 3,907,044 (2,261,393)
Fund balance, beginning of year 4,539,961 4,156,901
Interfund transfers (note 8)
Fund balance, end of year
34
Joseph Brant Hospital
$
10,538
8,457,543
(62,788)
$ 1,832,720
75,425
1,721,076
1,040,360
4,477,004 13,173,866 12,133,506
52,250
$ 4,604,679
-
$ 14,894,942
-
$ 13,173,866