BAGB YTD ‘14
description
Transcript of BAGB YTD ‘14
BAGB YTD ‘14
Overall Performance
ALMA MATER SOCIETY OF UNIVERSITY OF BRITISH COLUMBIA VANCOUVER Business Operations Income Statement for period ended August 31, 2013
Actual Budget Variance to
Budget Last Year Variance to Last
Year $ (%) $ (%) $ % $ (%) $ %
Total Revenue 2,066,448 100.0% 1,865,777 100.0% 200,671 10.8% 2,099,159 100.0% -32,711 (1.6%) Total Cost of Goods Sold 557,070 27.0% 492,354 26.4% 64,717 13.1% 571,597 27.2% -14,527 (2.5%)
Total Gross Margin 1,509,377 73.0% 1,373,423 73.6% 135,954 9.9% 1,527,561 72.8% -18,184 (1.2%)
Total Expenses 1,435,277 69.5% 1,420,531 76.1% -14,746 1.0% 1,454,892 69.3% 19,614 (1.3%)
Contribution before Overhead 74,100 3.6% -47,108 (2.5%) 121,208 257.3% 72,669 3.5% 1,430 2.0%
Total Overhead 254,933 12.3% 270,774 14.5% 15,840 5.9% 271,283 12.9% 16,349 6.0%
Net AMS Business Operations -180,834 (8.8%) -317,882 (17.0%) 137,048 43.1% -198,613 (9.5%) 17,780 9.0%
Overall Performance
As at end August 2013 AMS Businesses are $137k ahead of Budget YTD, and $18k better than the same period last year.
Overall Performance
The main contributors to this are:
Revenue : 10.8% better than budget driven by increase in average cheque of 6% , plus selective price increases
Gross Margin : 0.6 point decrease, driven by cost increases from vendors
Expenses : 1% increase against budget but as a % of Revenue has declined by 6.6 points
Overhead : 6.2% better than budget driven by combination of cost containment and a delay in filling vacant position
Revenue by Business
Year To Date
Actual Budget Prior
Food & Beverage:
The Pit 154,115 123,700 183,834
Gallery Lounge 92,815 99,400 80,622
Pie "R" Squared 188,641 167,089 180,042
Blue Chip 241,309 223,990 269,124
Barbeque 0 0 19,201
Bernoulli's Bagels 72,948 75,750 7,395
Honour Roll 181,619 140,900 158,342
The Moon 89,164 78,175 89,060
Conference & Catering 615,605 552,612 670,399
Food & Beverage Admin 22,256 15,700 15,713
Storeroom 1,713 5,300 6,228
Net Food & Bev. Revenue 1,660,187 1,482,616 1,679,959
Revenue by Business
Year To Date
Actual Budget Prior
Retail & Facilities :
Post Office 97,386 101,500 105,636
Whistler Lodge 44,226 24,000 29,075
The Outpost 89,496 82,500 84,294
Copyright 42,877 45,000 50,540
Subtotal Retail 273,984 253,000 269,545
Property Services 130,643 130,161 149,351
Security 1,634 0 304
Net Retail & Facilities Revenue 406,261 383,161 419,199
Net AMS Business Operations 2,066,448 1,865,777 2,099,159
Contribution by BusinessYear To Date
Actual Budget Prior
Food & Beverage:
The Pit -14,631 -30,253 -37,251 Gallery Lounge -38,448 -36,140 -56,299 Pie "R" Squared 53,149 36,391 47,587
Blue Chip 65,101 49,949 35,406 Barbeque 0 0 -2,662 Bernoulli's Bagels -6,132 -1,864 -14,336 Honour Roll 26,126 6,513 11,224 The Moon 6,539 -6,352 -5,102
Conference & Catering 123,798 105,522 88,244
Subtotal Food & Beverage 215,502 123,766 279,547
Less:
Food & Beverage Admin -66,028 -78,311 -87,981 Storeroom -58,376 -55,380 -52,241 Workshop -29,320 -33,680 -34,541
Net Food & Bev. Contribution 61,778 -43,605 104,784
Contribution by BusinessYear To Date
Actual Budget Prior Retail & Facilities : Post Office -7,894 4,544 14,998 Whistler Lodge -12,392 -37,075 -34,753 The Outpost 5,589 3,745 4,651 Copyright -16,083 -14,270 -10,866 Subtotal Retail -30,780 -43,056 -25,970 Add:
Property Services 118,798 117,329 69,123 Security -75,697 -77,776 -75,267
Net Retail & Facilities Contribution 12,322 -3,503 -32,114
Less:
Administration Costs -146,626 -153,330 -144,422 Executive Offices Costs -56,753 -68,697 -76,362 Information Systems Costs -50,680 -45,103 -47,798 Human Resources Costs -874 -3,644 -2,701
Net Admin, Exec, IT and HR Costs -254,933 -270,774 -271,283
Net AMS Business Operations -180,834 -317,882 -198,613
YTD Operational Updates
• Negotiated Administration Unit Union Contract; rejected by membership
• Fall Marketing Campaign rolled out• 2 more online stores available (Burger Bar and
Bernoulli’s Bagels)• C&C Branding ready for roll out • F&B Branding exercise started• Executive Chef hired
YTD Operational Updates
• Majority of New SUB Leases approved by UBC, others in progress
• New SUB organisational structure completed, job descriptions in progress
• Move in schedule completed, now tweaking• Compensation Strategy in progress• New SUB pro-formas in progress
2013/14 Projects & Goals
• Revised Sales job descriptions implemented• Meeting Matrix (Room Diagramming and marketing
Software) launch in progress• Building Operations lease clarification in progress• Watching Maintenance and Repair costs due to old
equipment and building
2013/14 Sales & Promotional Initiatives
• Fall Banner campaign, 24 banners around current, new SUB and McInnes field
• Online ordering roll out with Eigen at Welcome Back BBQ, now 4 outlets
• Ongoing Twitter & F&B messaging• Conference and Catering mail outs• Sales Visits
2013/14 Visuals
2013/14 Visuals
2013/14 Visuals
Questions?
?