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The University had advanced $4,612,000 to the SFU Community Corporation of which $4,000,000 was repaid during the year.
Under non-salary the largest increases were in materials and supplies $1,900,000 and operational expenses $1,500,000.
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The latest actuarial valuation as at December 31, 2001 showed an actuarial liability o• $112,725,000 against market value assets of $127,409,000, resulting in a surplus of $14,684,000.
Contributions by the employer for 2003 were $6,402,000 (2002 - $5,889,000).
Included in the $97,102,000 (2002 - $93,873,000) is a receivable of $3,149,000 (2002 - $5,135,000) from the SFU Foundation for future ...
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