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HAVERGAL COLLEGE
Financial Information
AS AT JUNE 30
2015
2014
$
$
ASSETS
Current
Cash and cash equivalents
34,731,211
29,623,849
Tuition fees receivable
1,422,262
1,592,846
Other accounts receivable
223,814
106,433
Other
332,248
361,713
Total current assets
36,709,535
31,684,841
Deferred pension asset
2,140,864
1,443,089
Capital assets, net
26,526,095
26,935,456
Total assets
65,376,494
60,063,386
LIABILITIES AND NET ASSETS
Current
Accounts payable and accrued liabilities
3,272,099
3,066,561
Prepaid tuition fees
23,536,554
21,713,461
Total current liabilities
26,808,653
24,780,022
Deferred capital contributions
10,685,295
11,047,198
Total liabilities
37,493,948
35,827,220
Net assets
Unrestricted
20,176,646
17,962,966
Internally restricted
7,705,900
6,273,200
Total net assets
27,882,546
24,236,166
Total liabilities and net assets
65,376,494
60,063,386
AS AT JUNE 30
2015
2014
$
$
ASSETS
Cash and cash equivalents
1,720,772
1,181,550
Other investments
22,062,571
20,503,937
23,783,343
21,685,487
FUND BALANCES
General Fund
852,622
585,753
Restricted Fund
2,381,170
2,274,277
Endowment Fund
20,549,551
18,825,455
23,783,343
21,685,485
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:
As at June 30
2015
2014
$
$
Student assistance
525,000
395,000
Program enrichment
234,448
168,670
Capital asset acquisitions
141,552
241,330
901,000
805,000
The Havergal College Foundation Balance Sheet
Havergal College Consolidated Statement of
Financial Position