Richmond Olympic Oval Corporation 2024 Statement of Financial Information
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Schedule of Remuneration and Expenses
Name
Employees Over $75,000
Employees Under $75,000
Total
Grand Total for 2024
R
.
1
emunerat1on
$
4,616,301
$
6,368,065
$
10,984,366 $
1· Combines salary, taxable benefits and other lump sum payouts
Expenses
31,309
27,668
58,977
The variance between the Schedule of Remuneration and the salaries and benefit
expenses reported in the financial statements of the Oval are due to various factors
including:
• The remuneration schedule is based on actual cash payments made during the fiscal
year (including banked leave balances) whereas the financial statements is on an accrual
basis;
• The remuneration schedule includes taxable benefits while the financial statements
includes items such as non-taxable benefits and employer pension contributions;
• The above remuneration schedule total excludes the Board of Directors.
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