Real Estate Council of Ontario Schedule 1: Schedule of Council Expenditures Year ended December 31, 2017, with comparative information for 2016 2017 2016 $ $ OPERATING EXPENSES Executive management 750,984 809,266 Regulatory 597,542 653,202 Registration department 648,175 629,675 Education department 1,678,477 1,786,750 Inspections and investigations 1,205,038 1,170,442 Complaints and compliance department 997,553 865,749 Corporate services 348,728 324,246 Legal services department 2,778,031 2,105,158 Communications department 639,662 561,563 Hearings department 188,975 144,123 Client services 1,837,636 1,317,572 Human resources 278,666 218,145 Finance and accounting department 749,333 649,106 Information systems department 2,070,485 1,626,199 Facilities cost 1,620,505 1,511,908 16,389,790 14,373,104 BOARD OF DIRECTORS AND WORKING GROUPS Board of Directors’ per diems 136,625 59,250 Board of Directors’ travel and meeting costs 86,900 82,497 Director Development Committee 5,748 4,145 Legislation and Regulation Committee - 1,652 Governance Committee 37,314 36,707 Audit and Risk Committee 3,318 4,429 Finance Committee 10,757 19,370 CEO Selection and Evaluation Committees 49,285 22,032 329,947 230,082 OTHER CORPORATE Amortization of capital assets 741,253 790,468 Amortization of intangible assets 251,517 155,718 Communications activities 1,007,965 535,693 Credit card charges and fees 370,394 306,314 Government fee (note 5) 198,707 194,957 Hearings activities 162,980 104,609 Consulting costs 232,156 439,674 Directors’ and officers’ liability insurance 181,855 182,511 Annual general meeting 52,120 45,345 Strategic planning 100,065 66,391 Elections 20,126 127,636 Audit fees 36,411 30,234 National and international regulators’ groups 113,237 45,806 Discipline and Appeals Committee 5,349 2,027 3,474,135 3,027,383 20,193,872 17,630,569 62/ RECO 2017 ANNUAL REPORT/INDEPENDENT AUDITORS' REPORT