Richmond Olympic Oval Corporation 2024 Statement of Financial Information

Payments Over $25,000 Payments Under $25,000 Total Paiments $ Payment Amount 27,250 797,001 128,323 103,280 94,080 10,625,141 1,232,524 11,857,665 The Richmond Olympic Oval Corporation prepares the Schedule of Payments to Suppliers for Goods and Services based on actual cash disbursements processed through its financial system. The total figure will vary from the expenditures shown in the financial statements which use the accrual method of accounting and various factors including: • Timing differences between the cash basis and accrual method; • There are disbursements that are not considered expenditures for other taxing authorities and employee payroll deductions; • There are payments that are externally recovered, these recoveries are recorded against expenditures or as revenue in the financial statements.

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