OCP Annual Report 2001/2002 - Ontario College of Pharmacists

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Statement of Operations December 31, 2001 2001 2000 Budget Actual Actual Revenue (Unaudited) Pharmacist fees $3,924,414 $4,070,280 $3,592,701 Pharmacy fees 1,460,500 1,490,161 1,324,001 Registration fees and income 370,875 387,303 223,895 Sundry 157,500 159,505 156,599 Investment 192.500 171,884 237,391 6,105,789 6,279,133 5,534,587 Expenditure (Schedule) Council and committee expenses 1,620,460 1,474,264 1,273,664 College administration costs 4,364,225 4,218,849 3,970,453 Property 239,200 85,938 141,530 Niagara Apothecary, net 31,600 27,934 25,238 6,255,485 5,806,985 5,410,885 Excess of revenue over expenditure from operations, before depreciation (149,696) 472,148 123,702 Depreciation expenses for the year 0 298,382 331,440 Excess of expenditure over revenue $(149,696) $173,766 $(207,738) Statement of Changes in Net Assets December 31, 2001 Invest in Other 2001 2000 Capital assets Net Assets Beginning of year $1,930,266 $2,503,814 $4,434,080 $4,642,235 Excess (deficiency) of revenue over expenditure (298,382) 472,148 173,766 (207,738) Transfer of trust funds and administration to University of Toronto 0 0 0 (417) Investment in capital assets 2,127,594 (2,127,594) 0 0 End of Year $3,759,478 $848,368 $4,607,846 $4,434,080 26 OCP Annual Report 2000-2001
Statement of Cash Flows Year ended December 31 Balance Sheet December 31, 2001 2001 2000 Assets Current Cash and term deposits $1,089,181 $ 2,677,140 Receivables 59,975 17,141 Prepaids 49,026 68,106 GST receivable 36,465 29,435 1,234,647 2,791,822 Capital, at cost less accumulated depreciation (Note 3) 3,759,478 1,930,266 $4,994,125 $4,722,088 2001 2000 Cash derived from (applied to) Operating activities Excess (deficiency) of revenue over expenditure $173,766 $ (207,738) Depreciation 298,382 331,440 Change in non-cash operating working capital Receivables (49,864) 100,659 Prepaids 19,080 (22,992) Payables and accruals 101,119 14,734 Fees received in advance (2,848) 7,724 539,635 223,827 Financial activity Transfer of trust funds to University of Toronto (417) Investing activity Additions to capital assets (2,127,594) (208,702) (Decrease) in cash and cash equivalents (1,587,959) 14,708 Liabilities Current Payable and accruals $371,615 $ 270,496 Fees received in advance 14,664 17,512 386,279 288,008 Cash and cash equivalents Beginning of year 2,677,140 2,662,432 End of year $1,089,181 $ 2,677,140 Net Assets Invested in capital assets 3,759,478 1,930,266 Other 848,368 2,503,814 4,607,846 4,434,080 $ 4,994,125 $ 4,722,088 Commitment, obligations (Notes 4 and 5) OCP Annual Report 2001-2002 27
Page 2 and 3: The mission of the Ontario College
Page 4 and 5: REGISTRAR’S INTRODUCTION Registra
Page 6 and 7: President’s Message (cont’d) Du
Page 8 and 9: Accreditation Committee The Accredi
Page 10 and 11: The Quality Assurance Committee is
Page 12 and 13: The Complaints Committee is a statu
Page 14 and 15: Discipline Committee The Discipline
Page 16 and 17: No. Member: Charge Order medication
Page 18 and 19: No. Member: Charge Order through th
Page 20 and 21: No. Member: Charge Order misconduct
Page 22 and 23: No. Member: Charge Order director.
Page 24 and 25: No. Member: Charge Order reduced qu
Page 26 and 27: Dean French, Chair Finance Committe
Page 30 and 31: Notes to the Financial Statements D
Page 32 and 33: Schedule of Expenditure Year ended
Page 34 and 35: Barry Solway, Chair The Communicati
Page 36 and 37: Working Group on Certification Exam
Page 38 and 39: Standards of Practice Working Group
Page 40 and 41: Number of Pharmacists by Employment
Page 43: ONTARIO COLLEGE OF PHARMACISTS 483

OCP Annual Report 2001/2002 - Ontario College of Pharmacists

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