Torch - Fall 2015

Financial Information

Havergal College Consolidated Statement of Financial Position

The Havergal College Foundation Balance Sheet

AS AT JUNE 30

2015

AS AT JUNE 30

2015

2014

2014

$

$

$

$

ASSETS Current Cash and cash equivalents Tuition fees receivable Other accounts receivable

ASSETS Cash and cash equivalents

1,720,772 22,062,571

1,181,550 20,503,937

34,731,211 1,422,262

29,623,849 1,592,846

Other investments

23,783,343

21,685,487

223,814 332,248

106,433 361,713

Other

FUND BALANCES General Fund

Total current assets Deferred pension asset

36,709,535 2,140,864 26,526,095

852,622

31,684,841 1,443,089 26,935,456

585,753

2,381,170 20,549,551

Restricted Fund Endowment Fund

2,274,277 18,825,455

Capital assets, net

Total assets

65,376,494

23,783,343

60,063,386

21,685,485

LIABILITIES AND NET ASSETS Current Accounts payable and accrued liabilities

3,272,099 23,536,554 26,808,653 10,685,295

3,066,561 21,713,461 24,780,022 11,047,198

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:

Prepaid tuition fees

Total current liabilities

Deferred capital contributions

Total liabilities

37,493,948

35,827,220

As at June 30

2015

2014

$

$

Net assets Unrestricted

20,176,646 7,705,900

17,962,966 6,273,200

525,000 234,448 141,552

Student assistance Program enrichment Capital asset acquisitions

395,000 168,670 241,330

Internally restricted

Total net assets

27,882,546

24,236,166

Total liabilities and net assets

65,376,494

901,000

60,063,386

805,000

38  HAVERGAL COLLEGE