Tourism Saskatchewan - IndustryMatters.com

YEAR ENDED SEPTEMBER 30, 2011
Internally Internally
Internally Restricted for Restricted for Internally
Invested Restricted for President’s Education Restricted
in Capital Partnership Marketing and for Unrestricted
Assets Marketing Advisory Training Initiatives Operations Total 2011 Total 2010
BALANCE, BEGINNING OF YEAR $1,345,007 $102,744 $78,521 $8,606 - $67,164 $1,602,042 $1,727,608
Excess (deficiency) of revenue (678,524) (1) (35,825) (60,417) (8,606) - 1,633,935 850,563 (125,566)
Purchase of capital assets 271,969 - - - - (271,969) - -
Repayment of capital asset loan
(Note 8) 643,229 - - - - (643,229) - -
Interfund transfers (Note 10) - 146,488 23,366 120,924 245,123 (535,901) - -
NET ASSETS, ENDING $1,581,681 $213,407 $41,470 $120,924 245,123 $250,000 $2,452,605 $1,602,042
See accompanying notes to financial statements.
(1)
Consists of:
Amortization expense $821,858
Amortization of deferred contributions related to
capital assets (Note 8) (143,334)
Decrease in net assets invested in capital assets $678,524
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