ORMC MCC Business Plan ORMC_MCC_Business_Plan_032319 - Page 6

FINANCIAL STRATEGY 2-Year Results In 2017, a partnership of six municipalities from the Onoway region signed a Pre-Incorporation Agreement to assume control of the Onoway Medical Clinic to establish a business case for the clinic to successfully operate without subsidy from regional municipalities. The results from the two-year trial are below. ORMC 2-Year Results (2017-2018) UPDATED: MAR-19 2017 Actuals 2017 Budget 2018 Actuals 2018 Budget Physician Overhead $ 146,800.00 $ 132,000.00 $ 194,200.00 $ 176,000.00 Toal Revenue $ 146,800.00 $ 132,000.00 $ 194,200.00 $ 176,000.00 Wages & Benefits $ 91,100.00 $ 94,000.00 $ 94,800.00 $ 95,000.00 Facility Lease $ 16,900.00 $ 22,000.00 $ 18,000.00 $ 17,000.00 Software & IT $ 22,200.00 $ 19,500.00 $ 17,700.00 $ 22,500.00 Contracted Services $ 1,100.00 $ $ 18,300.00 $ 16,500.00 Materials & Supplies $ 10,300.00 $ 39,500.00 $ 13,700.00 $ 10,500.00 Advertising $ 9,200.00 $ - $ 4,400.00 $ 6,000.00 Utilities $ 8,300.00 $ - $ 9,800.00 $ 8,500.00 Initial Clinic Investment $ 48,800.00 $ - $ - Mold Abatement Costs $ 3,100.00 $ $ 9,100.00 $ - Total Expenses $ 211,000.00 $ 225,000.00 $ 185,800.00 $ Net Income (Deficit) $ (64,200.00) $ (93,000.00) $ 8,400.00 $ - Opening Reserve Balance $ 135,000.00 $ $ 70,800.00 $ - Net Income (Deficit) $ (64,200.00) $ (93,000.00) $ 8,400.00 $ - Closing Reserve Balance $ 70,800.00 $ $ 79,200.00 $ Municipally Controlled Corporation Business Plan - 50,000.00 $ - - 176,000.00 .6