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The latest actuarial valuation as at December 31, 1997 showed an actuarial liability of $87,844,000 against adjusted actuarial assets of $95,164,000, resulting in a surplus of $7,320,000.
1998 shows an actuarial liability of $6,134,000 against the actuarial value of assets of $9,015,000 resulting in a surplus of $2,881,000 in the fund.
The university's operating grant to the 128,406 $ 148,849 Society was $160,000 (1998 - $158,000) and is recorded as an expenditure by Government of Canada 24,394 21,265 , the university.
NET ASSETS, end of year (2,850) $63,585 $ 78,440 $ 81,288 Inventories - Inventories of supplies kept at Central Stores are recorded at cost.
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