annual-report-2016-2017

NIAGARA COLLEGE OF APPLIED ARTS AND TECHNOLOGY
Consolidated Statement of Changes in Net Assets
Year ended March 31, 2017, with comparative information for 2016
Internally
Vacation Niagara restricted Investment
and future Investment in Learning for future in capital
Year ended employee Niagara College Enterprise expense assets Total Total
March 31, 2016 Unrestricted benefits Foundation KSA (note 5) Corporation (note 11) Endowments (Note 12) 2017 2016
Net assets (deficiency),
Balance beginning
of year $ 1,106,601 $ (8,825,143) $ 73,658 $ 810,158 $ 95,155 $ 11,981,966 $ 12,876,003 $ 43,778,275 $ 61,896,673 $ 60,153,563
Excess of revenue over
expenses (expenses
over revenue) 4,120,954 (242,612) (23,658) 1,660,750 85,272 1,030,000 - (3,165,254) 3,465,452 2,174,078
PLIED ARTS AND TECHNOLOGY
t Assets
Endowment contributions - - - - - - 871,523 - 871,523 (430,968)
Net change in
investment in
capital assets (4,841,131) - - - - (8,211,966) - 13,053,097 - -
ative information for 2016
Balance, end of year $ 386,424 $ (9,067,755) $ 50,000 $ 2,470,908 $ 180,427 $ 4,800,000 $ 13,747,526 $ 53,666,118 $ 66,233,648 $ 61,896,673
Internally
See accompanying notes to consolidated financial statements.
Vacation Niagara restricted Investment
and future Investment in Learning for future in capital
employee Niagara College Enterprise expense assets Total Total
benefits Foundation KSA (note 5) Corporation (note 11) Endowments (Note 12) 2017 2016
8,825,143) $ 73,658 $ 810,158 $ 95,155 $ 11,981,966 $ 12,876,003 $ 43,778,275 $ 61,896,673 $ 60,153,563
(242,612) (23,658) 1,660,750 85,272 1,030,000 - (3,165,254) 3,465,452 2,174,078
- - - - - 871,523 - 871,523 (430,968)
- - - - (8,211,966) - 13,053,097 - -
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9,067,755) $ 50,000 $ 2,470,908 $ 180,427 $ 4,800,000 $ 13,747,526 $ 53,666,118 $ 66,233,648 $ 61,896,673
cial statements.
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