Note: These are numbers from the system excluding iGO direct costs and revenue. You will notice that 21-22 numbers don’t tie to prior year because we excluded some costs last year that we included this time for FY21-22.
|
Expense Category (In $000s) |
2021–22 (excluding iGO*) |
2022–23 (excluding iGO*) |
Increase/ (Decrease) |
|---|---|---|---|
|
Operating |
|
|
|
|
Salaries and Wages |
64,159 |
68,738 |
4,579 |
|
Benefits |
14,550 |
15,077 |
527 |
|
Other Direct Operating Expenditures (ODOE) |
|
|
|
|
Transportation and Communications (T&C) |
964 |
1,386 |
422 |
|
Services |
14,436 |
12,750 |
(1,686) |
|
Supplies and Equipment (S&E) |
723 |
747 |
24 |
|
Transfer Payment |
- |
- |
- |
|
Sub-Total Gross Operating Expenditures |
94,832 |
98,698 |
3,866 |
|
Less: Recoveries |
20,865 |
34,408 |
13,543 |
|
Total Net Operating Expenditures |
73,967 |
64,290 |
(9,677) |
|
|
|
|
|
|
Bad Debt Expense |
7 |
- |
(7) |
|
Capital Assets |
2,477 |
795 |
(1,682) |
|
Capital Amortization |
1,771 |
1,942 |
171 |
|
Revenue |
29,254 |
49,046 |
19,792 |
* iGaming Ontario (iGO) Operating Expenditures and Recoveries are excluded from this analysis. iGO Salaries and Wages, Benefits and ODOE Expenditures incurred by the AGCO on behalf of iGO in FY22–23 totaled $7.7M (2022 – 6.1M). Expenditures incurred by AGCO to provide shared resources based on agreement are not excluded from the figures.
Overall increase in Salaries and Wages and Benefits Expenditures is mainly due to cancelled COVID-19 redeployment arrangement and increase in headcount. The increase in headcount is primarily attributable to the needs of resources for igaming regulatory activities.
Decrease in Services is mainly due to fewer Cannabis Eligibility Assessments as a result of fewer cannabis applicants.
Increase in recoveries is attributed to higher recoveries from land-based casinos, OLG cGaming, and the horse racing sector as there were no COVID-19 closures in FY22–23 compared to FY21–22. Furthermore, recoveries from igaming operators began in FY22–23 for the first time.
Capital spending decrease is due iAGCO enhancements to support igaming line of business, Liquor Reform, and other operational changes that occurred in FY21–22 and did not re-occur in FY22–23.
Increase in Amortization reflects the full year cost of the AGCO’s Regulatory Assurance Solution (RAS/iAGCO), after it went live in October 2020.
Revenue increase in FY22–23 due to higher gaming, cannabis and liquor revenues. It is important to note that licence extensions due to COVID expired during the fiscal year and new igaming licences were issued after the launch of the igaming open market on April 4, 2022. Additionally, balances in liability accounts related to Liquor Advertising, Charity Gaming Hall Projects and Deferred Capital Contributions were written off in FY22–23.