2000 (70KB) - Algonquin College

THE ALGONQUIN COLLEGE OF APPLIED ARTSAND TECHNOLOGYNotes to Financial Statements, continuedYear ended March 31, 20003. Inventory:2000 1999Bookstore $ 985,265 $ 753,218Food services 125,006 131,122Stationery and supplies 25,000 197,731Publishing centre 18,204 25,024$ 1,153,475 $ 1,107,0954. Loan receivable:The loan receivable is with the Algonquin Student Association Inc. and bears interest at 6.13%calculated daily. Principal and interest payments equal to the amount generated from a studentbuilding fee will be made to the College each academic semester until the loan is paid off, which isanticipated to occur in 2003.5. Investments:Investments held by the College represent funds which have been permanently endowed. Thecarrying values and market values of the investments are as follows:Carrying valueMarket value2000 1999 2000 1999GICs $ 184,140 $ 247,058 $ 184,140 $ 247,058Mutual funds – 636,944 – 678,352Stocks 999,162 – 977,486 –$ 1,183,302 $ 884,002 $ 1,161,626 $ 925,4108