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