Richmond Olympic Oval Corporation 2025 Statement of Remuneration and Expenses
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Origin
Section 2(1) and 2(3) of the Financial Information Act stipulate that a corporation must prepare the following
“Statement of Financial Information” within six monthsof the end of eachfiscal year. The following
statements and schedules of financial information must be prepared:
e
statement of assets and liabilities;
e
anoperational statement;
e
aschedule of debts;
e
aschedule of guarantee and indemnity agreements;
e
aschedule showing remuneration and expenses paid to or on behalf of each employee as required
by the Act;
¢
aschedule showing the payments of each supplier of goods and services;
e
aschedule of grants and subsidies.
The current prescribed amounts for the purpose of reporting under the Financial Information Regulation for
employee remuneration/expense and payments to suppliers are $75,000 and $25,000 respectively.
Analysis
Sections 1 to 3 of the attached schedules are captured in the Richmond Olympic Oval Corporation 2025
audited financial statements, which were approved by the Board of Directors on April 22", 2026. Sections 4
and 5 are not applicable as there were no debts, guarantee and indemnity agreements.
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