Statement of Financial Position
March 31, 2019, with comparative information for 2018
Assets
2019
2018
Current assets:
Cash and cash equivalents
$
9,144,835
$
12,788,982
Accounts receivable 16,081 25,806
HST rebate receivable 23,084 15,756
Cash surrender value (note 3) 1,705,345 1,259,228
Prepaid expenses 30,350 11,630
Investments (note 4) 6,602,429 -
Total current assets
17,522,124 14,101,402
Capital assets, net (note 5) 39,604 37,200
Total assets
$ 17,561,728 $ 14,138,602
$ 711,370 $ 619,793
Liabilities and fund balances
Current liabilities:
Accounts payable and accrued liabilities (note 6)
HST payable 85 39
Grants payable to Joseph Brant Hospital 1,930,331 344,904
Deferred revenue 25,000 -
Total current liabilities 2,666,786 964,736
Undesignated fund 8,457,543 4,539,961
Designated fund (note 7) 1,832,720 4,156,901
Endowment fund 4,604,679 4,477,004
Total fund balances 14,894,942 13,173,866
17,561,728 14,138,602
Fund balances:
Commitments (notes 9 and 12)
Total liabilities and fund balances
$
$
Annual Report 2018-2019
35