2000 (70KB) - Algonquin College
2000 (70KB) - Algonquin College 2000 (70KB) - Algonquin College
THE ALGONQUIN COLLEGE OF APPLIED ARTSAND TECHNOLOGYStatement of Financial PositionMarch 31, 2000, with comparative figures for 1999Assets2000 1999Current assets:Cash $10,051,066 $ 3,235,468Accounts receivable 6,967,791 8,751,741Inventory (note 3) 1,153,475 1,107,095Prepaid expenses 269,382 306,70518,441,714 13,401,009Loan receivable (note 4) 1,196,950 1,368,520Investments (note 5) 1,183,302 884,002Capital assets (note 6) 61,420,437 50,522,978Liabilities and Net Assets$82,242,403 $66,176,509Current liabilities:Accounts payable and accrued liabilities $ 8,032,688 $ 8,465,944Accrued salaries and employee deductions payable 1,079,111 3,731,649Deferred revenue (note 7(a)) 8,601,965 6,111,140Current portion of long-term debt (note 8) 570,000 1,270,00018,283,764 19,578,733Long-term debt (note 8) 8,778,681 1,960,000Long-term deferred revenue (note 7(b)) 5,922,883 1,316,103Deferred capital contributions (note 9) 33,003,631 31,524,485Net assets:Unrestricted (5,896,290) (6,026,129)Investment in capital assets (note 10(a)) 19,068,125 15,768,493Internally restricted (note 11) 1,848,307 1,098,372Endowments (note 12) 1,233,302 956,45216,253,444 11,797,188Commitments (note 15)Contingencies (note 16)$82,242,403 $66,176,509See accompanying notes to financial statements.On behalf of the Board of Governors:____________________________Chairman_________________________Member1
THE ALGONQUIN COLLEGE OF APPLIED ARTSAND TECHNOLOGYStatement of OperationsYear ended March 31, 2000, with comparative figures for 19992000 1999Revenue (schedule A):Grants and reimbursements $58,305,757 $56,528,234Student tuition fees 40,327,073 33,476,861Contract educational services 12,568,746 12,585,194Ancillary operations (schedule H) 17,165,972 15,083,323Other 11,064,219 7,799,694139,431,767 125,473,306Expenditures:Operating:Academic (schedule B) 70,159,796 63,964,490Educational resources (schedule C) 1,727,878 1,706,901Student services (schedule D) 14,042,059 11,786,310Administrative (schedule E) 10,412,272 9,622,945Plant (schedule F) 11,935,341 10,070,166Special projects (schedule G) 4,469,023 1,717,403Ancillary operations (schedule H) 14,938,711 13,283,389127,685,080 112,151,604Voluntary separation 689,089 679,724Amortization and write-off of capital assets 6,878,192 6,268,694Total expenditures 135,252,361 119,100,022Excess of revenue over expenditures $ 4,179,406 $ 6,373,284See accompanying notes to financial statements.2
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THE ALGONQUIN COLLEGE OF APPLIED ARTSAND TECHNOLOGYStatement of OperationsYear ended March 31, <strong>2000</strong>, with comparative figures for 1999<strong>2000</strong> 1999Revenue (schedule A):Grants and reimbursements $58,305,757 $56,528,234Student tuition fees 40,327,073 33,476,861Contract educational services 12,568,746 12,585,194Ancillary operations (schedule H) 17,165,972 15,083,323Other 11,064,219 7,799,694139,431,767 125,473,306Expenditures:Operating:Academic (schedule B) 70,159,796 63,964,490Educational resources (schedule C) 1,727,878 1,706,901Student services (schedule D) 14,042,059 11,786,310Administrative (schedule E) 10,412,272 9,622,945Plant (schedule F) 11,935,341 10,070,166Special projects (schedule G) 4,469,023 1,717,403Ancillary operations (schedule H) 14,938,711 13,283,389127,685,080 112,151,604Voluntary separation 689,089 679,724Amortization and write-off of capital assets 6,878,192 6,268,694Total expenditures 135,252,361 119,100,022Excess of revenue over expenditures $ 4,179,406 $ 6,373,284See accompanying notes to financial statements.2
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