1. MIMORANDUM

FOR INFOR .MATION
SiMON FRASER UNIVERSITY
S.3-
MIMORANDUM
00
.........SENATE.
...............................................
ANNUAL REPORT - FOR INFORMATION.
Sub1ect
................................................
H. M. EVANS,
From.
SECRETY 0F SENATE.
.
983
1
NOVEMBER
OVEMBER
Date
...............................................
Section 31 of the University Act states: "The board shall make an
annual report of its transactions to the universities council, in
which shall be set out a balance sheet and a statement of revenue
and expenditure for the year ending on the preceding March 31, and
other particulars the universities council may require. A copy of
the annual report shall be transmitted promptly to the senate."
A copy of the report is attached.
(NOTE: AS THE 1983 FINANCIAL STATEMENTS ARE IN SHORT SUPPLY, FOLLOWING
PERUSAL, SENATORS AND OTHERS RECEIVING THIS MATERIAL ARE ASKED
TO RETURN THE STATEMENTS TO THE SECRETARY OF SENATE.)
S

L4
SIMON FRASER UNIVERSITY
Financial Statements
For the Year Ended March 31, 1983
Index
SAuditor's Report
Balance Sheet
Exhibit
A
Statement of Revenue and Expenditure
and Changes in
Fund Balances
Exhibit B
Statement of Expenditures by Fund
Exhibit C
Statement of Changes in Appropriated Fund
Balances
Exhibit
D
Statement of Ancillary Enterprise Operations
Exhibit E
Statement of Changes in Net Investment
in Land, Buildings and Equipment
Exhibit
F
Notes to Financial
Statements
Schedule of General
Purpose Expenditures
Schedule 1
Schedule of Academic Expenditures
Schedule 2

Province of
British Columbia
Office of the
Auditor General
Province of British Columbia
8 Bastion Square
Victoria
British Columbia
V8V 1X4
AUDITOR'S REPORT
To the Chairman and Members of the Board of Governors of
Simon Fraser University, and
To the Minister of Universities, Science and Communications
Province of British Columbia:
I have examined the balance sheet of Simon Fraser University as
at 31 March 1983 and the statements of revenue and expenditure
and changes in fund balances, expenditures by fund, changes in
appropriated fund balances, ancillary enterprise operations and
• changes in net investment in land, buildings and equipment for
the year then ended. My examination was made in accordance with
generally accepted auditing standards, and accordingly included
such tests and other procedures as I considered necessary in the
circumstances.
In my opinion, these financial statements present fairly the
financial position of the University as at 31 March 1983 and the
results of its operations and the changes in its fund balances
for the year then ended in accordance with accounting principles
' generally accepted for universities, applied, after giving
retroactive effect to the change in the method of recording
revenue for sponsored research projects as explained in Note
1(f) to the financial statements, on a basis consistent with
that of the preceding year.
Erma Morrison, F.C.A.
Auditor General
Victoria, British Columbia
10 June 1983
0

Exhibit A
SIMON FRASER
UNIVERSITY
Balance
Sheet
as at March
31 ,
1983
(thousands of dollars)
Assets
Liabilities and
Fund Balances
1983
1982
1983
1982
OPERATING FUNDS
OPERATING FUNDS
Cash and short term investments
$15,618
$15,113
Accounts payable and accrued liabilities
$
4,641
$ 6,064
Accounts receivable (Note if)
975
813
Specific purpose fund (
.
Note If)
(Exhibit
B)
3,400
2,434
Prepaid expenses
452
147
General
purpose fund
Inventories
(Note 1)
1,379
1,230
Appropriated
(Exhibit
D)
9,078
6,904
,
Unappropriated
(Exhibit
B)
1,305
1 ,901
$18,424
$17,303
$18,424
$17,303
ENDOWMENT AND STUDENT LOAN FUNDS
ENDOWMENT AND STUDENT LOAN FUNDS
Cash and short term investments
$
1,184
$ 1,900
Endowment fund
$
2,391
$
1,927
Student loans receivable
34
28
Student loan fund
83
83
Investments, at cost (market $1,364; 1982 $82)
1,256
82
$
2,474
$ 2,010
(Exhibit B)
$
2,474 $ 2,010
CAPITAL FUND
CAPITAL FUND
Short term investments
$
3,610
$ 4,858
Bank loans payable (Note 2)
$
5,884
$ 4,742
Accounts receivable
(Note 2)
1,330
868
Accounts and holdbacks payable (Note 2)
2,382
1,948
Land, buildings and equipment, at cost
104,923
91,837
Long term debt (Note 3)
Canada Mortgage and Housing Corporation
3,425
3,449
Capital
Financing Authority = $35,205
Less sinking fund (Note 3)
2,053
33,152
24,999
Net investment in land,
buildings and equipment
(Exhibit
F)
61 ,498
58,457
Capital fund
,
Appropriated
(Exhibit
D)
1 ,500
1,825
Unappropriated
(Exhibit B)
2,022
2,143
$109,863 $97,563
$109,863
$97,563
Approved by the Board of Governors:
/
L..
I
fI /
jp'
/ L
F.H. 'Moonen
Chairman, Board of Governors
E.M. Scott, Ph.D.
Executive Director of Finance

Exhibit B
SIMON FRASER UNIVERSITY
Statement
of Revenue
and Expenditure
and Changes in Fund Balances
For the Year Ended March 31, 1983
(thousands of dollars)
General
Purpose
Specific
Purpose Operating
Endowment
and
Operating
Sponsored
Scholarship
Other Grants
Total
Student
Loan
Capital
1983
1982
Research
and Bursary
and Programmes
1983
1982
1983
1982
1983
1982
Revenue and Additions
Government grants
I
- British Columbia
$66,465
$61,375
$
576
$ 95
$2,098
$ 2,769
$2,827
$ 5,067
$ 4,146
- Canada
4,969
10
372
5,351
4,214
-
- Other
37
12
1
49
100
Student fees - credit courses
7,959
5,846
350
350
206
P
-
non-credit courses
242
321
42
42
30
- other
361
153
I
Gifts, grants and bequests
239
117
387
216
321
924
924
$
155
$
287
316
Investment income
2,412
2,641
335
35
370
373
567
904
Miscellaneous income
310
311
35
73
i
108
16
20
Total Revenue
77,988 70,764
6,004
668
3,291
1 9,963
8,674
155
287
5,966
5,070
Interfund transfers
39
42
146
11
65
222
327
331
133
1,415
1,583
Increase in long term debt
8,987
9,708
Interim capital
financing
1,915
(2,331)
Interest earned on sinking fund
205
144
.
Sinking fund payments reimbursed
628
402
Total fund sources
78,027 70,806
6,150
679
3,356
10,185
9,001
486
420
19,116 14,576
Expenditures and Deductions
I
Expenditures (Exhibit C)
74,625
68,822
6,005
417
2,561
8,983 8,161
5,631
5,277
Ancillary enterprises, net
(Exhibit E)
88
102
Acquisition of capital
assets
13,086
8,956
Interfund transfers
1,736
1,679
12
193
31
236
406
22
13
,
Sinking fund payments
628
402
Transfer to net investment in land,
buildings and equipment
205
144
Net increase (decrease)
in
appropriated fund balance
2,174
710
;
(326)
7
Total fund applications
78,623
71,313
6,017
610
2,592
9,219
8,567
22
19,237
14,786
Net increase (decrease) during
the year
(596)
(507)
133
69
764
966
434
464
420
(121)
(210)
Fund balances, April
1
1,901
2,408
1,154
277
1,003
2,434 2,726
2,010
1,590
2,143
2,353
Adjustments due to change in
accounting policy -
(Note lf)
(726)
Fund balances, March 31
$1,305 $1 ,901
$1,287
$346
$1,767
$ 3,400 $2,434
$2,474
$2,010
$ 2,022
$ 2,143

Specific
Purpose Operating
Sponsored Scholarship
Other Grants
Total
Research and Bursary
and Programmes
1
1983
1982
$
988
$
346
$1,334
$1,158
2,391
367
2,758
2,619
708
708
615
153
105
258
228
517
245
762
760
765
502
1,267 1,368
955
57
1,012
746
20
17
37:
24
14
14
81
81
21
4
17
21
11
$417
417
368
Capital
[1983
1982
$ 971 $1,731
163
91
254
206
3
4
7
4
627
856
4,033
2,690
Exhibit C
SIMON FRASER UNIVERSITY
Statement of Expenditures by Fund
For the Year Ended March 31 , 1983
(thousands of dollars)
General Purpose
Operating
1983
1982
$25,851 $23,376
3,804
3,722
22,861
20,964
6,244
5,453
1,681
1 ,801
5,692
5,764
656,
748
1 ,923
1 ,624
190
175
1,527
1,257
2,076
1,820
1 ,534
1 ,375
1 ,698
1 ,660
749
660
372:
382
148
123
65
57
(53):
(33)
(2,393) (2,106)
$74,625
$68,822
Expenditures
Academic Salaries
Academic ranks
Other instruction and research
Other salaries and wages
Employee benefits
Travel and other personnel costs
Expendable supplies
Equipment and furnishings
Equipment rentals
Facilities rental
Books and periodicals
Utilities
Student awards
Contract services
Professional fees
Renovations and alterations
Interest - short term
- long term
Insurance
Memberships
Internal cost allocations
External cost recoveries
Total (Exhibit B)
46
7
53
33
$6,005
$417
$2,561
$8,983
$8,161
$5,631
$5,277

Exhibit D
SIMON FRASER UNIVERSITY
Statement of Changes in Appropriated Fund Balances
For the Year Ended March 31, 1983
(thousands of dollars)
Appropriated
Appropriated
Fund Balance
Deductions
Additions
Fund Balance
March 31, 1982
During Year
During Year
1rarch
31, l983
General Purpose Operating Fund
Authorized budget allocations to following
fiscal year
$
831
$
831
$
612
$
612
Provision for annualized costs
1,725
1,725
1,242
1,242
Provision for non-recurring expenditures
2,176
2,176
2,685
2,685
Provision for research grants carryover
208
208
299
299
Provision for specific expenditure
660
260
2,110
2,510
Reserve for self-insurance
400
400
.
Reserve for contingencies
774
134
580
1,220
Reserves for ancillary enterprises - Bookstore
103
80
:
23
- Residences
27
60
87
(Exhibit A)
$6,904
$5,414
$7,588
$9,078
Capital Fund
Provision for authorized projects
(Exhibit A)
$1,825
$1,284
$
959
$1,500

$2,210 $1,938
1,112
1,007
3,322
2,945
1,776 1,493
(6)
(11)
578.
506
10
13
26
14
18
21
179
164
24
23
321
301
36
29
2
2
97
103
282
325
67
64
3,410
3,047
$ (88)
$ (102)
Exhibit E
SIMON FRASER UNIVERSITY
Statement of Ancillary Enterprise Operations
For the Year Ended March 31 , 1983
(thousands of dollars)
Bookstore
Residences
Food Services
1983
1982
1983
1982
1983
1982
Total
12
3
L
1
1982
$2,210 $1,938
$1,112 $1,007
2,210 1,938
1,112
1,007
1,776
1,493
348
298
230
1,
4
9
8
2
18
18
8
7
171
24
97
76
224
13
22
23
2
5
4
92:
6
226
28,
26
36
2,290 1,932
1,073
$
(80)
$
6
$
39
'
Revenue
Sales
Rentals
Total Revenue
Expenditures
Cost of sales
Food contract service
Salaries and benefits
Travel and other personnel costs
External contract services
Landscaping
Utilities
Debenture repayment, principal
Interest
Equipment
Insurance
Janitorial
Repairs and maintenance
Other operating costs
Total Expenditure
Net Revenue (Expenditure) (Exhibit B)
$(
6) $(11)
208
9
10
2
21
147
10
23
225
7
2:
83
:
16
293
50
32
17
3
21
1,045
47
70
$
(38)
$(47)
$(70)

Exhibit F
SIMON FRASER UNIVERSITY
Statement of Changes in Net Investment in Land, Buildings and Equipment
For the Year Ended March 31, 1983
(thousands of dollars)
I
S
Increases in net investment during the year:
Additions to land, buildings and equipment
Sinking fund payments -
British Columbia Educational Institutions
Capital Financing Authority
Interest earned on the sinking fund
Principal repayments - Canada Mortgage and
Housing Corporation debentures
Decreasesin net investment during the year:
Increase in long term debt -
British Columbia Educational Institutions
Capital Financing Authority
Interim financing on projects
Net increase during the year
S
Net investment in land, buildings and
equipment, April 1, 1982
Net investment in land, buildings and
equipment, March 31, 1983 (Exhibit A)
1983
1982
$13,086 $ 8,956
628
402
205
144
24
23
13,943
9,525
8,987
9,708
1,915
(2,331)
10,902
7,377
3,041
2,148
58,457
56,309
$61,498
$58,457
0

S
SIMON FRASER UNIVERSITY
Notes to Financial Statements
March 31. 1983
1. Significant Accounting Policies
These financial statements have been prepared in accordance with accounting
p
rinci
p
les generally accepted for universities. The significant accounting
policies followed by Simon Fraser University include:
(a) Fund Accounting
S
The University accounts are maintained in conformity with fund
accounting procedures in order to recognize restrictions imposed
on the use of resources. Under these procedures resources are
classified into funds in accordance with objectives authorized
by the Board of Governors or otherwise specified. Funds have
been combined into the following major groups:
- General purpose operating funds comprise revenues used
in the general operations of the University.
- Specific purpose operating funds consist of grants and
donations for designated projects and the income earned
on endowment funds.
- Endowment funds are received or appropriated with the
stipulation the principal will be invested and the
related earned income will be expended for specific
purposes.
- Capital funds comprise amounts received for the purchase
of capital assets as described in note 1 (b).
(b) Land, Buildings and Equipment
Construction costs for buildings and other facilities, including
original equipment and furniture, major renovation costs, and
new equipment funded under the Educational Institution Capital
Finance Act are capitalized in the Capital Fund. Replacement
equipment and furniture, new equipment not specified above, and
minor renovations are expensed as the costs are incurred in
the various funds.
No provision is made for depreciation of buildings and equipment.
.
2

-2-
(c)
Inventories
Inventories of supplies are stated at cost. Inventories of
merchandise held for resale are stated at the lower of cost
and net realizable value.
(d) Ancillary Enterprise Operations
Ancillary enterprises provide goods and services to the
University community on a charge-for-service basis. They
include campus food service, which is operated by a contractor,
residences and bookstore. Expenses include direct operating
costs and payments of interest and principal on debentures
relating to the residences. No administrative overhead has
been applied.
(e)
Other
Library books and periodicals are expensed in the year of
acquisition.
Leases of a capital nature are expensed in the Operating
Fund as payments are made.
Employee vacation pay entitlements are not accured.
(f)
Change in Accounting Policy
In prior years, expenditures on individual sponsored research
projects in excess of funds received in the year were recorded
as receivables and revenue. This policy has been changed in the
current year to net over and under expenditures on individual
projects by sponsoring entity. The cumulative effects of this
change ($726,000) are shown as reductions of accounts receivable
and the specific purpose fund at March 31, 1982. This change in
accounting policy has had no material effect on the comparative
revenue amounts and accordingly the 1982 revenue has not been
restated.
2. Short Term Financing - Capital Fund
The interim financing of capital construction projects is authorized
under the provisions of the Educational Institution Capital Finance
Act. Bank loans are retired from the proceeds of long term debt issued
under the authority of the Act. Accounts and holdbacks payable and
commitments under building and other contracts will be financed similarly
in the next fiscal year.
Accounts payable and receivable include accrued interest in the amount
of $1,329,000 (1982 - $841,000) on short and long term borrowings. The
interest will be received from the Province of British Columbia in the
next fiscal year.
3

-3-
.
3. Long Term Debt
A.
Canada Mortgage and Housing Corporation
Maturity
Interest
Balance Outstanding
Annual
Payments
Date
Rate
March 31/83 March 31/82
Including Interest
(thousands of dollars)
Jan 1, 2017
5.375%
$
193
$
195
$12
Jan 2, 2018 5.875%
960
968
65
Jul 1, 2019 6.875%
2,272
2,286
171
Total
(Exhibit
A)
$3,425
$3,449
$248
The debentures are secured by a floating charge on the student residences.
B.
Capital Financing Authority
Sinking
Balance Outstanding
Maturity
Interest Face
Fund
March 31 March 31
Annual
Date
Rate
Value Balance
1983
1982
Payments
(thousands of dollars)
Dec
1, 1986 16.875%
Jun 9,
1998
9.41
Jan
10, 1999
9.82
Mar
9,
1999 10.16
Apr
10, 1999 10.26
Nov
9,
1999
10.68
Mar
10, 2000 12.74
Sep 10, 2000 12.55
Mar
10, 2001
13.13
Apr
10, 2001
13.66
May
8,
2001
13.69
Jul
10, 2001 14.81
Oct 9,
2001 17.00
Mar 10,
2002
16.10
May
10, 2002 15.25
Jun 10, 2002 14.96
Aug 10,
2002
16.53
Oct
8,
2002 14.16
Nov
10, 2002
13.43
Dec 10,
2002
12.01
Total (Exhibit A)
$
292
$
20
$
272
$
292
$
72
2,000
326
1,674
1,755
237
2,000
262
1,738
1,816
245
3,700
453
3,247
3,381
466
800
99
701
730
102
3,700
338
3,362
3,486
485
2,000
187
1,813
1,879
304
2,100
128
1,972
2,040
315
210
12
198
204
33
2,500
63
2,437
2,500
396
2,280
57
2,223
2,280
362
1,880
46
1,834
1,880
320
1,000
23
977
1,000
192
1,756
39
1,717
1,756
321
1,980
1,980
345
1,000
1,000
171
1,400
1,400
262
2,000
2,000
327
1,607
1,607
251
1,000
1,000
142
$35,205
$2,053 $33,152
$24,999
$5,348
9

-4-
Annual payments consist of interest and sinking fund payments.
Payments made in 1982/83 totalled $4,192,000 (1981/82 $2,794,000).
The payments to the sinking fund are based on the discounted
present values required to fund fully the repayment of the debt
by respective maturity dates. The sinking fund balance consists
of total sinking fund installments to March 31, 1983 plus interest
earned thereon. Sinking fund payments, which are financed by the
Province of British Columbia, made during 1982/83 amounted to
$628,000 (1981/82 $402,000). Earned interest thereon recorded for
1982/83 is $205,000 (1981/82 $144,000).
The long term debt includes $234,000 repayable in U.S. funds.
This amount was recorded at the Canadian equivalent as at the date
of receipt and is currently shown at $272,000 Canadian. If this
amount were based on the exchange rate prevailing on March 31, 1983
the Canadian equivalent would be $290,000.
4.
Commitments - Capital Fund
Total commitments under contracts for capital projects amount to $2,600,000
as at March 31, 1983 (March 31, 1982 $5,871,000) of which $2,398,000 are to
be financed under the Educational Institution Capital Finance Act.
5. Academic Pension Plan
Amendments to the Academic Pension Plan effective July 1, 1981 included
provision for further contributions to the Formula Retirement Benefit
Account.
An actuarial valuation as at January 1, 1983 estimated as resultant
potential underfunding in the amount of $2,513,000 if the actuarial
assumptions are realized. The reserve has been increased by $500,000,
which brings the total including interest on previous balances, to
$1,070,000 as at March 31, 1983.
6.
Restatement of Comparative Figures
S
Certain 1982 figures in the financial statements have been restated in
order to conform with the financial statement presentation adopted in 1983.
There was no effect on the fund balances except as disclosed in Note if.
fl

Administration
Total Expenditures
and General
1983
1982
$25,851
$23,376
3,804
3,722
$4,983
22,861
H
20,964
673
6,244
5,453
245
1,681
1,801
698
5,692
5,764
176
656
748
39
1,923 H
1,624
10
190
175
1,527
1,257
85
2,076
1,820
1,534
1,375
4
1,698
1,660
474
749
660
52
372
382
148
148
123
60
65
57
1,428
()
(33)
(456)
(2,393)
(2,106)
$8,619
$74,625
$68,822
L
SIMON FRASER UNIVERSITY
- 1
Schedule of General Purpose Expenditures
For the Year Ended March 31 , 1983
(thousands of dollars)
Student
Services
Plant and Computer
Academic Library
and Awards Maintenance
Centre
$25,851
3,804
7,540
$3,051
$2,460
$2,311
$ 2,516
4,236
401
264
388
282
1,167
19
193
24
33
2,564
282
367
918
863
292
30
22
2
134
217
79
10
6
1,572
175
5
1,527
295
34
43
1,590
29
1,534
3
99
1
1,591
100
32
93
50
101
14
15
156
34
5
3,076
249
14
35
(4,855)
(13)
(155)
(558)
(401)
(810)
$49,408
$5,630
$4,407
$6,713
$
(152)
Expenditures
Academic Salaries
Academic ranks
Other instruction and research
Other salaries and wages
Employee benefits
Travel and other personnel costs
Expendable supplies
Equipment and furnishings
Equipment rentals
Facilities rental
Books and periodicals
Utilities
Student awards
Contract services
Professional fees
Renovations and alterations
Insurance
Memberships
Internal cost allocations
External cost recoveries
Total

SIMON FRASER UNIVERSITY
Schedule 2
Schedule of Academic Expenditures
For the Year Ended March 31,
1983
(thousands of dollars)
General
Purpose
Sponsored Other Grants Capital Total
Expenditures
Fund
Research
and Programmes
Fund
1983
1982
Faculty of Arts
Dean's Office
$
424
$
5
$
55
$
484
$
526
Archaeology
837
241
3
$ 20
1,101
1,106
Economics
2,232
14
10
2,256
1,842
English
2,546
14
75
6
2,641
2,561
Geography
1,491
32
4
40
1,$67
1 ,437
History
1,310
54
10
1
1,375
1,397
Languages, Literatures and Linguistics
2,004
4
26
10
2,044
1,934
Philosophy
748
18
20
786
727
'
Political
Science
876
15
4
895
774
Psychology
2,394
129
3
36
2,562
2,263
Sociology and Anthropology
1,125
4
1
1
1,131
1,094
15,987
530
211
114
16,842
15,661
Faculty of Business Administration
3,045
66
29
26
3,166
2,757
Faculty of Education
5,371
124
471
38
6,004
5,516
Faculty of Engineering Science
183
183
146
Faculty of Interdisciplinary Studies
Dean's Office
407
41
448
1
374
Centre for the Arts
1,911
6
21
1,938
1,776
Communication Studies
1,034
8
33
15
1,090
1,069
Computing Science
2,506
296
197
2,999
2,612
Criminology
1,297
423
64
1
1,786
1,661
Interdisciplinary Studies
468
28
33
529
397
Kinesiology
1,450
222
112
60 i
1,847
1,701
9,073
1,018
215
327
10,637
9,590
Faculty of Science
Dean's Office
317
15
13
345
436
Biological
Sciences
3,402
1,524
70
4,996
. 4,731
Chemistry
2,753
992
82
.3,827
4,004
Mathematics
2,684
236
26
2,946
2,514
Physics
1,971
1,303
1
65
3,340
2,750
Science Workshops
508
2
510
457
Western Canadian Universities Marine Biological
Society Grant
.
131
11,635
4,070
1
258
15,964
15,023
Other Expenditures
Animal
Research Facility
77
2
79
97
Continuing Studies
2,198
6
1,157
5
3,366
3,113
Co-op Education
241
1
242
175
Graduate Studies
195
191
386
750
Instructional
Media Centre
1,073
68
1,141
1 ,100
Programs of Distinction
377
377
259
Reading and Study Skills Centre
136
136
226
4,297
197
1,157
76
5,727
5,720
Total Academic Expenditures
$49,408
$6,005
$2,267
$839
$58,523
$54,413

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