ASSETS Cash and cash equivalents |
$ 28,097,450 |
$ 31,757,246 |
Accounts receivable |
1,011,408 |
1,115,085 |
Prepaid expenses |
403,845 |
411,362 |
Investments |
50,085,129 |
40,948,839 |
Capital assets |
10,726,155 |
10,894,465 |
$ 90,323,987 |
$ 85,126,997 |
LIABILITIES Accounts payable and accrued liabilities |
$ 5,917,333 |
$ 4,931,710 |
Due to Ministry of Health and Long-Term Care |
1,288,849 |
1,288,849 |
Administered programs |
152,978 |
233,642 |
Capital lease obligations |
507,028 |
745,997 |
Deferred revenue |
26,501,566 |
25,508,688 |
Accrued pension cost |
5,445,028 |
5,496,911 |
$ 39,812,782 |
$ 38,205,797 |
NET ASSETS Invested in capital assets |
10,219,127 |
10,148,468 |
Building fund |
40,292,078 |
36,772,732 |
Unrestricted |
197,648 |
164,356 |
Pension remeasurements |
( 197,648 ) |
( 164,356 ) |
50,511,205 |
46,921,200 |
|
$ 90,323,987 |
$ 85,126,997 |
REVENUES Membership fees , net of credit card charges |
$ 53,912,979 |
$ 52,394,003 |
Application fees |
5,276,453 |
5,074,837 |
Investment income |
1,428,933 |
2,023,576 |
Other income |
4,394,044 |
3,584,125 |
Total Revenues |
$ 65,012,409 |
$ 63,076,541 |
EXPENSES Committee costs |
$ 14,657,126 |
$ 13,156,346 |
Staffing costs |
39,655,511 |
36,642,007 |
Department costs |
4,244,471 |
3,709,303 |
Depreciation of capital assets |
1,289,327 |
1,419,696 |
Occupancy |
1,542,677 |
1,497,164 |
Total Expenses |
$ 61,389,112 |
$ 56,424,516 |
Excess of revenues over expenses before Unrealized gain on investments |
$ 3,623,297 |
$ 6,652,025 |
Unrealized gain on investments |
- |
$ 2,222,342 |
Excess of revenues over expenses for the year |
$ 3,623,297 |
$ 8,874,367 |