MEMORANDUM

To:

W. R. Heath

From:

Roger W. Ward

Registrar

Vice-President

Financial Services

Subject: Financial Statement Questions

Date:

October 5, 1992

At the meeting of Senate on September 21, 1992 several questions were asked relating to the

Financial Statements for the year ended March 1992 and I undertook to provide additional

information.

In particular, for 1991/92 the university budgeted $89,000 for snow and ice control. This budget

covers all aspects of snow and ice control, such as labour costs, cost of salt, maintenance of snow

removing vehicles, etc. During the year $56,728 of this budget was spent, the remaining $32,092

was netted with other over/under expenditures which resulted in a net surplus of$14,51 I for the

eight Facilities Management Operations cost centres. This surplus was carried forward into

1992/93 in accordance with the University's carryover policy.

With respect to the question relating to Athletic/Recreation fee revenue, I was mistaken in

indicating that this was treated as a cost recovery. In fact for 1991/92 some $815,000 of fee

revenue was included in Student Fees - Other on Statement 3 of the Financial Statements. The

cost recovery of$1 17,000 shown on Schedule 6 is primarily from locker rentals, etc.

Finally, examples of Other sources of Specific Purpose income (page 4 of the Financial

Statements) include, credit course fees, non-credit course fees, property rental income, facility

rental income and numerous small miscellaneous revenue sources. The total amount of non-

government grant income for the Sponsored Research and Specific Purpose funds are shown in

Statement 3 (page 9).

If

can be of any further assistance, please advise.

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