ORMC MCC Business Plan ORMC_MCC_Business_Plan_032319

5-Year Budget The budget incorporates the provision of an expanded medical facility by Lac Ste. Anne County’s MCC, Legacy Municipal Land Corporation. The facility lease payments and the loan to fully equip the facility are included beginning in 2020. The Budget accounts for additional staffing as service at the clinic increase and adjustments to various supplies and services required in a larger facility. The five year projection for ORMC MCC operations suggest a return to profit in 2022, as physician overhead payment rise and accumulated surplus of over $90,000 to be reinvested in the clinic, likely in the form of equipment purchases to expand services. ORMC MCC 5-Year Budget (2019-2023) UPDATED: MAR-19 2019 Budget 2020 Budget 2021 Budget 2022 Budget 2023 Budget Physician Overhead $ 197,000.00 $ 318,700.00 $ 325,800.00 $ 332,900.00 $ 339,800.00 Toal Revenue $ 197,000.00 $ 318,700.00 $ 325,800.00 $ 332,900.00 $ 339,800.00 Wages & Benefits $ 96,000.00 $ 115,720.00 $ 116,900.00 $ 118,100.00 $ 119,300.00 Facility Lease $ 23,000.00 $ $ Software & IT $ 26,150.00 $ 39,225.00 $ 39,225.00 $ 39,225.00 $ 39,225.00 Contracted Services $ 21,000.00 $ 38,000.00 $ 38,400.00 $ 39,000.00 $ 39,600.00 Materials & Supplies $ 11,500.00 $ 15,500.00 $ 15,900.00 $ 16,400.00 $ 16,900.00 Advertising $ 5,000.00 $ 7,500.00 $ 10,000.00 $ 10,000.00 $ 10,000.00 Utilities $ 8,500.00 $ 12,750.00 $ 13,100.00 $ 13,400.00 $ 13,700.00 Expansion Lease Payment $ - $ 71,740.00 $ 71,740.00 $ 71,740.00 $ 71,740.00 Equipment Loan Repayment $ - $ 21,330.00 $ 21,330.00 $ 21,330.00 $ 21,330.00 Total Expenses $ 191,150.00 $ 321,765.00 $ 326,595.00 $ 329,195.00 $ 331,795.00 Net Income (Deficit) $ 5,850.00 $ (3,065.00) $ (795.00) $ 3,705.00 $ 8,005.00 Opening Reserve Balance $ 79,200.00 $ 85,050.00 $ 81,985.00 $ 81,190.00 $ 84,895.00 Net Income (Deficit) $ 5,850.00 $ (3,065.00) $ (795.00) $ 3,705.00 $ 8,005.00 Closing Reserve Balance $ 85,050.00 $ 81,985.00 $ 81,190.00 $ 84,895.00 $ 92,900.00 Municipally Controlled Corporation Business Plan - $ - $ - .7

ORMC MCC Business Plan ORMC_MCC_Business_Plan_032319 | Page 7