27 | ANNUAL GENERAL MEETING REPORT
The majority of expenditures were for the provision of programs for children and their families. The
remainder is for rental and maintenance of facilities.
Expenses
2010
Program Provision
% of
2009
gross
92.17%
$ 3,3,305,562
$ 3,238,219
% of
gross
91.54%
Salaries and Benefits
$ 2,613,348
$
2,340,245
Program funding
$
630,574
$
814,536
Program supplies
$
50,216
$
77,731
Program and Parent Services
$
8,002
$
4,009
Program Activities
$
3,422
$
1,698
$
$
144,852
136,151
4.04%
3.79%
$
$
157,917
141,254
4.46%
4.00%
100%
$ 3,537,390
100%
Facility/Operations (Rent, Repairs, Utilities, Janitorial, Insurance)
Other (Office, staff & Board training & expenses, Professional Fees)
Interest and bank charges)
TOTAL EXPENDITURES
COMBINED FINANCIAL POSITION
Assets
$3,586,565
December 31, 2010
2010
Current
2009
Cash and Term Deposits
$ 807,190
$ 64,062
Accounts Receivable
$ 147,946
$ 84,864
Prepaid Expenses
$
Subtotal
---
$
4,200
Total Assets
$ 153,126
$
Capital Assets
$ 955,136
$
31,399
$ 986,535
36,291
$ 189,417
Liabilities
Current
Accounts Payable
$
Deferred Revenue
31,019
$ 139,519
$ 879,088
Deferred Contributions related to Capital Assets
Total Liabilities
$ 73,152
$ 910,107
$ 212,671
$
Subtotal
$
14,419
19,649
$ 924,526
$ 232,320
$
$
Net Assets
Net assets invested in capital assets
16,980
Net assets restricted for government purposes
$
Endowment /Sustainability fund
$
Unrestricted net assets(deficit)
5,970
71,242
16,641
$ 2,293
$
11,242
$ (32,183)
$ (73,079)
Total Net Assets
$ (62,009)
$ (42,903)
Total Liabilities and Net Assets
$986,535
$189,417
Respectfully Submitted, Doug Russell, Treasurer