Torch - Fall/Winter 2019-20
Financial Information
Havergal College Consolidated Statement of Financial Position 2019 AS AT JUNE 30
The Havergal College Foundation Balance Sheet
AS AT JUNE 30
2019
2018
2018
$
$
$
$
ASSETS Current Cash and cash equivalents Tuition fees receivable Other accounts receivable
ASSETS Cash and cash equivalents
2,347,519 28,974,905
4,124,142 27,311,248
35,653,107 4,051,169
39,975,306 1,471,385
Other investments Accounts receivable
16,834
-
360,811 334,291
325,410 283,100
31,339,258
31,435,390
Other
Total current assets
40,399,378 2,051,069 45,498,825 87,949,272
42,055,201 2,064,579 34,853,367 78,973,147
LIABILITIES Payable to Havergal College
Deferred pension asset
9,752
16,297
Capital assets, net
FUND BALANCES General Fund
Total assets
1,608,358 3,584,958 26,136,190 31,339,258
1,405,665 4,866,307 25,147,121 31,435,390
Restricted Fund Endowment Fund
LIABILITIES AND NET ASSETS Current Accounts payable and accrued liabilities
7,779,760 26,949,491 34,729,251 12,390,462
4,475,507 26,186,608 30,662,115 10,311,054
Prepaid tuition fees
Total current liabilities
Grants from The Havergal College Foundation to Havergal College
Deferred capital contributions,
other liabilities Total liabilities
47,119,713
During the year, The Havergal College Foundation made grants to Havergal College for the following purposes:
40,973,169
Net assets Unrestricted
AS AT JUNE 30
2019
2018
29,141,959 11,687,600 40,829,559
27,062,578 10,937,400 37,999,978
$
$
Internally restricted
Total net assets
783,884 502,397
Student assistance Program enrichment Capital asset acquisitions
695,260 415,054 173,200
Total liabilities and net assets
87,949,272
78,973,147
3,429,913 4,671,194
1,283,514
38 HAVERGAL COLLEGE
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