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Comparative Statement of Trust Fund & Endowment Funds
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: Donations and contributions $ 12,183 $ 9,869 Investment income 8,385 8,037 Other 24 42
20,592 17,948 Expense: Awards, scholarships, bursaries, prizes, etc. 1,468 1,065 Investment advisory and custodial fees 323 288 Transfers of donations to other organizations 464 272 Other 50 114
2,305 1,739 Net trust & endowment revenue 18,287 16,209 Transfers to other funds (2,474) (2,346)
$ 15,813 $ 13,863
At March 31, 1999, the Trust & Endowment Funds had a fund balance of $122,410.This, combined with the current year's surplus of $15,183, results in a Trust & Endowment Fund balance of $138,223 as at March 31, 2000.
