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?

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