Torch - Fall 2012
Financial Information
Havergal College Consolidated Statement of Financial Position
Havergal College Foundation Balance Sheet
AS AT JUNE 30
2012
AS AT JUNE 30
2012
2011
2011
$
$
$
$
ASSETS Current Cash and cash equivalents
ASSETS Cash and cash equivalents
867,723
1,530,557
21,169,230 2,334,200
15,678,921
16,143,656
Other investments
15,150,167
Tuition fees receivable
2,301,830
16,546,644
16,680,724
129,828 468,550
Other accounts receivable
291,188
Other
475,712
FUND BALANCES General Fund
Total current assets Deferred pension asset
24,101,808
332,937
19,212,386
312,937
901,779
1,757,389
995,922
Restricted Fund
1,695,811
28,665,524
14,456,318
Capital assets, net
29,390,531
Endowment Fund
14,671,976
53,669,111
16,546,644
49,598,839
16,680,724
LIABILITIES AND NET ASSETS Current Accounts payable and accrued liabilities 3,020,310
Grants from The Havergal College Foundation to Havergal College During the year The Havergal College Foundation made grants to Havergal College for the following purposes:
2,777,762
21,009,391
Prepaid tuition fees
19,944,881
Total current liabilities Working capital deposits
24,029,701
22,722,643
6,000
13,500
11,793,659
Deferred capital contributions
12,282,799
AS AT JUNE 30
2012
2011
Total liabilities
35,829,360
35,018,942
$
$
Net assets Unrestricted
350,000 384,450
Student assistance
275,000
13,888,951 3,950,800
11,661,097
Program enrichment
389,585
Internally restricted
2,918,800
40,550
Capital asset acquisitions
12,425
Total net assets
17,839,751
14,579,897
775,000
677,010
53,669,111
49,598,839
32 HAVERGAL COLLEGE
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