ONTARIO GRAIN FARMER AUDITED FINANCIAL STATEMENTS 34 EXPENSES Salaries and wages 3,370,936 3,340,583 0 0 0 3,340,583 3,261,227 Communication and public awareness 2,641,750 2,271,025 0 0 0 2,271,025 2,496,058 Research and market development 2,514,457 36,740 1,811,729 195,000 0 2,043,469 2,430,511 Employee benefits (note 5) 840,487 768,919 0 0 0 768,919 772,839 Director per diem and expenses 735,840 661,085 0 0 0 661,085 679,860 Consulting and subcontracting services 848,500 533,570 0 0 34,261 567,831 643,389 Grain Financial Protection 538,951 565,146 0 0 0 565,146 530,781 Memberships 490,480 515,567 0 0 0 515,567 416,675 March annual conference and events 396,689 516,852 0 0 0 516,852 452,101 Office 409,621 371,821 0 0 0 371,821 418,922 Employee expenses 427,751 344,524 0 0 0 344,524 369,171 Legacy fund disbursements 335,714 0 0 0 335,714 335,714 330,714 Amortization 333,302 329,800 0 0 0 329,800 368,296 Delegate per diem and expenses 309,535 303,766 0 0 0 303,766 310,509 Facility expenses 208,864 202,016 0 0 0 202,016 176,203 District expenses 300,000 137,564 0 0 20,250 157,814 177,858 Legal and audit 38,900 36,724 0 0 0 36,724 39,234 Equipment rental and maintenance 23,170 14,764,947 27,968 10,963,670 0 1,811,729 0 195,000 0 390,225 27,968 13,360,624 27,215 13,901,563 (DEFICIENCY) EXCESS OF REVENUES OVER EXPENSES for the year (52,879) 2,474,041 126,518 (45,000) 216,009 2,771,568 249,835 BALANCE, beginning of year BALANCE, end of year 31,478,801 $31,425,922 16,876,890 $19,350,931 1,583,755 $1,710,273 181,010 $136,010 14,507,021 $14,723,030 33,148,676 $35,920,244 32,898,841 $33,148,676 Statement of Unrestricted and Internally-Restricted Operations and Net Assets (Statement 2) For the year ended May 31, 2025 BUDGET 2025 (note 6) General (note 8) (Unrestricted) Research Fund (Internally restricted) Market Development Fund (Internally restricted) Legacy Fund (Internally restricted) ACTUAL 2025 ACTUAL 2024 REVENUES Licence fees $11,721,815 $11,098,030 $1,850,00 $150,000 $0 $13,098,030 $11,159,577 Investment income 1,247,494 657,534 0 0 606,234 1,263,768 1,203,259 Grain Financial Protection 538,951 565,147 0 0 0 565,147 530,778 Advertising 320,000 308,295 0 0 0 308,295 289,139 March annual conference 275,000 264,001 0 0 0 264,001 248,189 Rental income 261,720 239,605 0 0 0 239,605 259,948 Grant and partner funding 205,518 127,569 88,247 0 0 215,816 238,497 Other income 141,570 177,530 0 0 0 177,530 171,297 Gain on disposal of tangible capital assets 0 14,712,068 0 13,437,711 0 1,938,247 0 150,000 0 606,234 0 16,132,192 50,714 14,151,398
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