ONTARIO GRAIN FARMER AUDITED FINANCIAL STATEMENTS 30 EXPENSES Salaries and wages $3,652,045 $3,713,049 $0 $0 $0 $3,713,049 $3,340,583 Communication and public awareness 2,730,189 2,432,319 0 0 0 2,432,319 2,422,909 Research and market development 2,415,088 111,771 1,536,642 178,840 0 1,827,253 2,054,946 Employee benefits (note 5) 852,374 786,187 0 0 0 786,187 768,919 Conferences and events 583,300 688,195 0 0 0 688,195 465,441 Director per diem and expenses 728,311 667,636 0 0 0 667,636 661,190 Memberships 612,518 639,905 0 0 0 639,905 515,567 Grain Financial Protection 549,500 536,024 0 0 0 536,024 565,146 Consulting and subcontracting services 704,300 457,319 0 0 46,888 504,207 567,831 Delegate per diem and expenses 321,283 405,357 0 0 0 405,357 303,766 Office 379,655 374,183 0 0 0 374,183 359,746 Legacy fund disbursements 581,236 0 0 0 330,714 330,714 335,714 Employee expenses 342,499 287,474 0 0 0 287,474 242,038 Amortization 335,365 338,024 0 0 0 338,024 329,800 District expenses 300,000 141,560 0 0 135,000 276,560 157,814 Facility expenses 215,265 200,194 0 0 0 200,194 204,522 Legal and audit 40,100 28,458 0 0 0 28,458 36,724 Equipment rental and maintenance 10,971 15,353,999 21,988 11,829,643 0 1,536,642 0 178,840 0 512,602 21,988 14,057,727 27,968 13,360,624 (DEFICIENCY) EXCESS OF REVENUES OVER EXPENSES for the year (209,897) 465,249 470,180 71,160 89,584 1,096,173 2,771,568 BALANCE, beginning of year Transfer (note 8) BALANCE, end of year 35,920,244 0 $35,710,347 19,350,931 76,445 $19,892,625 1,710,273 0 $2,180,453 136,010 (76,445) $130,725 14,723,030 0 $14,812,614 35,920,244 0 $37,016,417 33,148,676 0 $35,920,244 Statement of Unrestricted and Internally-Restricted Operations and Net Assets (Statement 2) For the year ended May 31, 2026 BUDGET 2026 (note 6) General (note 8) (Unrestricted) Research Fund (Internally restricted) Market Development Fund (Internally restricted) Legacy Fund (Internally restricted) ACTUAL 2026 ACTUAL 2025 (note 11) REVENUES Licence fees $12,281,689 $10,095,885 $1,850,000 $250,000 $0 $12,195,885 $13,098,030 Investment income 1,177,494 655,804 0 0 602,186 1,257,990 1,263,768 Grain Financial Protection 549,500 536,024 0 0 0 536,024 565,147 March annual conference 295,000 311,806 0 0 0 311,806 264,001 Grant and partner funding 153,962 124,068 156,822 0 0 280,890 215,816 Advertising 315,000 251,795 0 0 0 251,795 308,295 Other income 173,000 187,722 0 0 0 187,722 177,530 Rental income 198,457 15,144,102 131,788 12,294,892 0 2,006,822 0 250,000 0 602,186 131,788 15,153,900 239,605 16,132,192 See notes to the financial statements.
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