SIMON FLASER UN!VERSTY

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aMembers of Senate

P.D

President

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Financil Saements

Subac..................................................................................

Date

?. ........................

In accordance with Article

50

of the Universities

Act, I have pleasure in transmitting to Senate on behalf of the

Board of Governors the attached Financial Statement for the year

ending 31 March, 1966.

P. D. McTagart-Cowan

E nd.

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0

AICIAL STcTEMNT

AT:MARQH 31 :1966

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Sfl4ON FRASER UNIVERSITY

CL

FINAI'TC IAL STATEMENTS

AS AT MARCH 31 1966

5rv

i

INDEX

Exhibit A

Balance Sheet

Exhibit B

Statement

of

Revenue and

Expenditure

Exhibit C

Statement

of

Scholarship

and Bursary Funds

Exhibit D

Statement

of Capital Account

Schedule 1

Statement

of

Land and Buildings, Construction in Progress, Equipment

and Library Acquisitions

Schedule

2

Statement

of

Expenditure

- General Funds

Schedule

3

Statement

of

Expenditure

- Academic Departments

Schedule

4 Statement

of

Exoenditure

- Buildings and Grounds Services

Schedule

5 Statement

of

Expenditure

- General University Requirements

Schedule

6

Statement

of

Revenue and

Expenditure - Madge Hogarth House

Schedule 7

Statement

of

Revenue and

Expenditure - University Bookstore

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5

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SI14ON_Fi3J:

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BALK

AS AT t,1

ASSETS

GENERAL FUNDS

Cash

Accounts receivable

Inventories, at cost

Due from capital funds

SCHOLARSHIP

AND

BURSARY FUNDS

- Cash

Investments, at lower of cost or par

CAPITAL FUNDS

Land and buildings, construction in

progress, equipment and library

acquisitions

Cash

$

29,565

15,799

215,169

42,078

302,611

8,232

7,496

15,728

20,302,797

3,092

20,310,889

$20,629,228

Note:

Commitments under building contracts amounted to

$3,498,080 as at March 31 1966

SIGNED ON BEHALF OF THE BOARD

G.M. Shrum

Chancellor

Chairman of .the Board of Governors

A.M. Eyre

Governor

Chairman of the Finance Committee

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::ZZI(A

Exhibit A

R UNIVERSITY

.

SHEET

LCH 31 1966

LIABILITIES

GENERAL FUNDS

Accounts payable

$ 257,411

Unexpended research grants

34,775

Deferred income

9,128

Excess of revenue over expenditure-

Balance, March 31 1965

$ 121

For the year ended March 31 1966 - Exhibit B

1,176

1,297

302,611

SCHOLARSHIP AND BURSARY FUNDS

Balance, March 31 1966 - Exhibit C

15,728

-

15,728

A

ITJ FUNDS

Bank loan, per Order-in--Council

6,300,000

Accounts payable

736,009

Due to general funds

42,078

Contract holdback payables

289,881

Capital account-

Balance, March 31 1966 - Exhibit D

12,9422921

20,310,889

$20,629,228

The accounts of Simon Fraser University for the year ended

March 31 1966 have been examined under my direction.

I am of the opinion that the above balance sheet when read

in conjunction with the supporting schedules, is properly drawn up so

as to show the financial position of Simon Fraser University as at

March 31 1966, according to the best of my information and the explana-

tions given to me and as shown by the books.

C.J. Ferber, C.A. -

Comptroller-General

Province of British Columbia

Victoria, B.C.

September 28 1966

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Exhibit B

•;

SIMON FRASER UNIVERSITY

STATEMENT OF REVENUE AND EXPENDITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

.

Revenue:

Province of British Columbia Operating Grant

Government of Canada Operating Grant

Student tuition fees

Research grants

Services and rentals

Expenditure:

Academic departments

Research

Library

Bursaries,

awards

and scholarships

Buildings and. grounds services

Academic services and general University

requirements

Auxiliary services

Excess of revenue over expenditure

$2,311,000

389,951

1,047,102

163,897

6.739

3,918,689

$2,020,830

175,381

426,617

130,953

694,396

453,248

16

3

088

3,917,513

$

1,176

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Balance) March

31 1965

Additions -

Donations received

Interest

$ 6,867

$30,440

483 30 923

37,790

d4

tQQ

/( PL

Exhibit C

SIMON FRASER UNIVERSITY

STATEI'TT OF SCHOLARSHIP AN D

BURSARY

FUNDS

AS AT MARCH 31 1966

Deductions -

Scholarship and bursaries

Investment valuation adjustment

Balance, March 31

1966

.

21,959

103

22,062

$15,728

El

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1

1001

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E xhibit D

SIMON FRASER UNIVERSITY

STATEMENT

OF

CAPITAL ACCOUNT

AS AT

MARCH

31 1966

Balance,

March

31 1965

Additions -

.Province

Province of British Columbia Capital Grant

Three Universities Capital Fund credits

Lease income

Credits arising from recovery of capital

costs

Balance, March 31 1966

$

6,577,312

$4,000,000

13,094

45,511 -6,365,609

$12,942,921

.

[1

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41L)

Schedule 1

SIMON FRASER UNIVERSITY

STATEMENT OF LAND AND BUILDINGS,

CONSTRUCTION IN PROGRESS, EQUIPMT

AND LIBRARY ACQUISITIONS

AS AT MARCH 31 1966

Expenditures

March 31 During the

March 31

1965

year

1966

Capital loan interest

Equipment

Library acquisitions

$ 2,594,6G7

$1,134,740

$

3,729,407

1

1

841,587 1,194,220 3,035,807

999,362

387,689 1,387,051

2,552,517

725,791 3,278,308

1,634,099

855,594

2,489,693

397,774

667,073 1,064,847

453,278

2651329

718,607

155,411

155,411

10,473,284

5,385,847 15,859,131

622,629

622,629

29,433

6,019

148,148

154,167

53,980

387,054

441,034

38,723

901,230

939,953

438,091

438,091

199,100

199,100

98,722

2,725,685

2,824,407

35,619

189,414

225,033

10,607,625

8,300,946

18,908,571

96,822

951,737

1,048,559

82,822

262,845

345,667

$10,787,269 $9,515,528 $20,302,797

Land and buildings-

Academic Quadrangle - Phase I

Central Mall

Gymnasithn

Library

Science Complex - Phase I

Site development

Theatre

Water tower - Phase I

LI

Construction in progress-

Academic Quadrangle - Phase II

Fire pwnphouse

Playing fields

Residences

Roads, parking lots

Science Complex - Phase II

Water tower - Phase II

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li;:a:4d1

Schedule 2

M

/

SIMON FRASER UNIVERSITY

STATEMENT OF EXPENDITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

GENERAL FUNDS

Salaries,

Supplies,

wages

expenses

Academic departments-

Faculty of Arts

$

673,574

$

172,978

$

846,552

Faculty of Education

1841957

124,066

309,023

Faculty of Science

- 453,113

412,142

865,255

1

1

311,644

709,186

2,020,830

Research

28,588

146,793

1751381

Library

169,517

2573,100

426,617

Bursaries, awards and scholarships

1309953

130,953

Buildings and grounds services

172,114

522,282

694,396

Academic services and general

University requirements

-

Registrar's office

76,e89

64,419

141,308

Data processing office

231066

23,086

46,152

Bursar's office

57,933

18,242

76,175

President's office

52,451

20,303

72,754

General University requirements

116,859

116,859

210,339

242,909

- 453,248

Auxiliary services - net expenditure -

Madge Hogarth House

13,859

13,859

Catering service

- 2

1

229

22229

16,088

16,088

$1,892,202

$2,025,311

$3,917,513

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^71

•1

Schedule

SIMON FRASER UNIVERSITY

STATEMENT OF EXPENDITURE

FOR THE YEAR ENDED MARCH

31 1966

(including initial organization expense)

ACADEMIC DEPARTMENTS

Faculty of Arts-

Economics and Commerce

English

Geography

History

Modern Languages

Philosophy

Political Science, Sociology

and Anthropology

Psycho logy

Faculty of Education-

Dean's office

Professional Foundations

Recreation and Professional

Development and Athletics

Connunications and the

Arts

Faculty of Science-

Biology

Chemistry

Mathematics

Physics

Science Workshop

Salaries,

Supplies,

wages

expenses

Research

Total

$

52,620

$

19,159

$

500

$

72,279

156,109

28,900

2,209

187,218

51,004

19,118

186

70,308

81,571

21,074

102,645

126,304

31,324

1,056

194,684

23,998

8,350

32,328

60,594

20,205

1,201

82,000

85,374

24,868

6,277

116,519

673,574

172,978

11,429

857,981

32,669

2,025

341694

45,817

31,081

76,898

67,691

65,225

1,078

133,994

38,780

25,735

64,515

184,957

1241066

1,078

310,101

83,973

80,052

36,689

200,714

126,389

171,737 53,829 351,955

93,058

26,146

3,530

122,734

106,395

94,526

68,826

269,747

43,298

392681

_

822979

453,113

412,142

162,874 1,028,129

$1,311,644

$709,186

$175,381

$2,196,211

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:

Schedule 4

15m

SIMON FRASER UNIVERSITY

STATEMENT OF EXPENDITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

BUILDINGS AND GROUNDS SERVICES

Equipment and building maintenance

$ 51,527

3,848

Garbage removal

30,645

Grounds maintenance

100,023

Heat, water and power

15,230

Insurance

96,406

Janitor service

149,662

Materials and supplies

9,909

Pensions, insurance

172,114

Salaries and wages

25,481

Security

33,179

Telephone service

6,372

Temporary office accoiinnodation

$694,396

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Schedule 5

SIMON FRASER UNiVERSITY

STATEMENT OF EXPENDITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

GENERAL UNIVERSITY REQUIREMENTS

.

Ceremonies, receptions

$ 30,145

Fund raising

75,984

Learned societies participation

1,438

Travel

2,535

University memberships

6,707

$116,859

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Schedule 6

SIMON FRASER UNIVERSITY

MADGE HOGARTH HOUSE

STATEMENT OF REVENUE AND EXPENDITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

Revenue

$30,347

Expenditure:

Food costs

$12,957

Heat, water and power

4,131

Salary of supervisor

2,100

Supplies and services

9,845 292033

Excess of revenue over expenditure

1,314

Scheduled recovery of project outlays

151173

Net expenditure

-

$13,859

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$224, 152

468

4,000

736

666

23,699

480

2,723

256,924

19,968

$ 19,968

•.

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Schedule 7

SIMON FRASER UNIVERSITY

UNIVERSITY BOOKSTORE

STATEMENT OF REVENUE AND EXPEDMITURE

FOR THE YEAR ENDED MARCH 31 1966

(including initial organization expense)

Revenue

$276,892

Expenditure:

Cost of goods sold

Heat and power

Interest expense

Janitor service

Pensions, insurance

Salaries and wages

Security

Supplies and expense

Excess of revenue over expenditure

Scheduled recovery of project outlays