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UNANIMOUS CONSENT RESOLUTIONS OF THE SHAREHOLDER OF RICHMOND OLYMPIC OVAL CORPORATION

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Statement of Operations Year ended December 31, 2024, with comparative information for 2023 2024 Budget 2024 2023 (note 2(h)) Revenue: 2010 Games Operating Trust Fund (note 6) $ 3,200,000 $ 3,148,868 $ 4,136,315 Contribution from City of Richmond (note 12(a)) 4,001,306 4,001,306 3,903,713 Memberships, admissions and programs 10,515,858 11,665,157 10,150,651 Other revenue {note 16} 2,041,919 2,712,269 2,986,657 19,759,083 21,527,600 21,177,336 Expenses: Salaries and benefits 12,424,920 12,749,513 12,045,966 Utilities 1,052,317 929,775 1,045,226 Amortization 2,600,000 1,805,807 1,728,852 Supplies and equipment 1,008,327 1,110,617 1,001,330 Insurance 800,000 788,100 697,986 General and administration 932,083 1,027,208 951,286 Program services 1,543,530 1,962,738 1,729,915 20,361,177 20,373,758 19,200,561 Annual surplus (deficit) (602,094) 1,153,842 1,976,775 Accumulated surplus, beginning of year 21,471,586 21,471,586 19,494,811 Accumulated surplus, end of year $ 20,869,492 $ 22,625,428 $ 21,471,586 See accompanying notes to financial statements.

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