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Comparative Statement of Staff Benefits Fund
For the Years ended March 31
(in thousands of dollars)
The financial statements in this annual report are summaries of the actual financial statements in the 1999 Annual Financial Report, which are audited by the Provincial Auditor's Office.
2000 1999 Revenue: Employee contributions $ 763 $ 731 Investment income 2,944 3,373
3,707 4,104 Expense: Experience Loss 14 1,159 Administration and management fees 220 226 Disability benefit payments 1,392 1,244
1,626 2,629 Net staff benefits revenue 2,081 1,475 Net transfer to general operating fund (490) (3,237) Net transfer to other funds (100)
$ 1,491 $ (1,762)
At March 31, 1999, the Staff Benefits Fund had a fund balance of $30,696.This, combined with the current year's surplus of $1,491, results in a Staff Benefits Fund balance of $32,187 as at March 31, 2000.
