STATEMENT OF REVENUE AND EXPENSE AND CHANGES IN FUND BALANCE

2021 2020
Revenue $ $
Fundraising 3,081,798 3,265,497
Net revenue from commercial activities* 25,770 196,401
Net investment income 678,141 515,198
Canada Emergency Wage Subsidy 133,328 135,565
3,919,037 4,112,661
Fundraising expenses 458,335 375,883
Total net revenue 3,460,702 3,736,778
Operating expenses 724,821 658,219
Excess of revenue over expense before the next item 2,735,881 3,078,559
Contributions to Hôpital Charles-Le Moyne 469,914 1,482,341
Excess of revenue over expense 2,265,967 1,596,218
Opening balance 9,471,237 7,875,019
Fund balance 11,737,204 9,471,237

Fiscal year ending December 31, 2021

*Assignment of the parking operation agreement on May 31, 2020.