Page 11 - Defining New Ways - CHC Annual Report 2018

STATEMENT OF CONSOLIDATED OPERATIONS 2018

2018 CONSOLIDATED REVENUE 2018 CONSOLIDATED EXPENDITURES
$50,812,590 $40,715,797

Rental Revenue Professional Fees Rent Supplement
21,543,555 549,917 Costs 1,378,853
Other 9,985,788 Salaries, Wages
Insurance and Benefits
Premiums 6,988,954
1,054,617
Office
Subsidy: Capital Administration
3,179,432 Municipal Taxes
6,935,047 1,925,797
Bad Debts
415,752 Interest 831,577
Utilities
Subsidy: Rental 5,843,919
Supplement Amortization of
1,792,776 Tangible Capital
Social and
Recreational Assets 5,533,703
Programs
Subsidy: Operating 199,363 Materials and
12,764,097 Services
9,058,299

2018 Windsor Essex CHC Revenues 2018 Windsor Essex CHC Expenditures

TOTAL: $50.8 million TOTAL: $40.7 million
Including: Including:
$21.5 million in Rental Revenues $9 million in Materials and Services
$12.7 million in Service Manager Operating Subsidies $6.9 million in Municipal Property Taxes
$3.1 million in Capital Subsidies $6.9 million in Salaries, Wages and Benefits
$9.9 Million in other Revenues, such as: solar, $5.8 million Utilities
rooftop antenna rentals, parking and laundry. This $1 million in Insurance Premiums
also includes a one-time funding for capital projects.
About 50% of CHC's expenses are considered not directly
Policies set through Housing Services Act (HSA) established by the controllable by the corporation. These expenses include:
province, directly impact and restrict CHC revenue. insurance, municipal taxes, utilities, amortization and interest.

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CHC ANNUAL REPORT