UNIVERSITY OF WINDSOR STUDENTS’ ALLIANCE AUDITORS’ … · university of windsor students’ alliance non-consolidated statement of operations year ended april 30, 2009 operating

UNIVERSITY OF WINDSOR STUDENTS’ALLIANCE

AUDITORS’ REPORT ANDNON-CONSOLIDATED FINANCIALSTATEMENTS

APRIL 30, 2009

AUDITORS’ REPORT

To the Member’s ofUniversity of Windsor’ Students’ Alliance

We have audited the non-consolidated statement of f’mancial position of University of Windsor’ Students’ Alliance asat April 30, 2009 and the non-consolidated statements of operations, change in fund balances and trust obligation andcash flows for the year’ then ended.. These financial statements are the responsibility of the organization’s managementOur responsibility is to express an opinion on these financial statements based on om~ audit.

We conducted our’ audit in accordance with Canadian generally accepted auditing standards. Those standards requirethat we plan and perform an audit to obtain reasonable assurance whether’ the financial statements are fiee of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in thefinancial statements. An audit also includes assessing the accounting principles used and significant estimates made bymanagement, as well as evaluating the overall financial statement presentation.

In ore’ opinion, these non-consolidated financial statements present fairly, in all material respects, the financial positionof’ the organization as at April 30, 2009 and the results of its operations and its cash flows for the year’ then ended inaccordance with Canadian generally accepted accounting principles.

June 30, 2009 Licensed Public Accountants

UNIVERSITY OF WINDSOR STUDENTS’ ALLIANCE

FINANCIAL STATEMENTS

APRIL 30, 2009

Non-consolidated statement of’ operations

Non-consolidated statement of change in fund balances and trust obligation

Non-consolidated statement of f’mancial position

Non-consolidated statement of cash flows

Notes to non-consolidated financial statements

Supplementary financial information

1

2

3-4

5

6-13

14 - 24


NON-CONSOLIDATED STATEMENT OF OPERATIONS

YEAR ENDED APRIL 30, 2009

Operating2009

CAW StudentCentre2009

Lance2009

Scholarship2009

Health & Student SpecialDental Refugee Need Capital TOTAL TOTAL2009 2009 2009 2009 2009 2008

REVENUEStudent fees $ 634,265Sales and advertising 195,590Interest 17,763Rent 6,512Other revenue 99,599Uniwin Student Pub Inc, loss (note 7) (42,426)

911,303

EXPENSESAmortization 37,422Advertising and promotion 25,739Bad debts (recoveries) 13,878Banking and finance 6,606Campus Police -Claims expenses -Conferences, training and travel 32,481Cost of sales 150,588DonationsGeneral insurance 38,430Grants and scholarships 22,082HousekeepingMiscellaneous expense 20,124Office and equipment 22,692Premium expensesProfessional fees 30,280Programming supplies and expenses 100,140Repairs and maintenanceSalaries and benefits 402,287Special pro, jectsTelephone, utilities and taxes 5,516Umealized loss on investments

$ 1,226,816

5,000157,754

1,389,570

44,1778,126

35,367600

46,315

5,442

24,464

491,46515,9701,407

9,40030,220

792,086249,959

384,15830,439

908,265 2,169,595

55,124108,559

222

163,683 222

55O

(5,109)

2,75036,700

3574,837

111,244

2,410

$ 1,538,517

97,616

1,636,133

1,67511,844

1,391,7455O0

62776,96757,255

26,242

10,837 141,578

153,739 10,837 1,708,433

23,064

23,064

23,064 $ 461,284$ 3,962,134,$ 3,913,980- 304,149 382,226- 7,224 127,825 192,152- 164,266 182,475- 99,599 146,643- (42,426) (81,223)

23,064 468,508 4,615,547 4,736,253

102 102 2,063

322,000

- 90,072

102 102

82,149 108,67535,540 69,26758,247 51,8297,206 7,847

46,315 43,9251,391,745 1,388,709

41,173 45,981187,288 223,178322,000 322,00062,894 56,04522,082 20,289

491,465 483,79336,451 51,10429,563 35,32276,967 77,33996,935 99,469

130,360 190,019792,086 55,710789,732 757,822

41,566392,084 399,796272,926 102,548

414,135 5.365,208 4.632,233

REVENUE OVER (UNDER)EXPENSES $ 3,038 $ (780~025) $ 9,944 $ (10,615) $ (72,300) $ 22,962 $ 22,962 $ 54,373 $ (749,661) $ 104,020

UNIVERSITY OF WINDSOR STUDENTS’ ALLIANCE2

NON-CONSOLIDATED STATEMENT OF CHANGE IN FUND BALANCES AND TRUST OBLIGATION

YEAR ENDED APRIL 30, 2009CAW Student

Operating Centre Lance Scholarship2009 2009 2009 2009

Health & Student SpecialDental Refugee Need2009 2009 2009

Capital TOTAL TOTAL2009 2009 2008

FUND BALANCE, BEGINNING $

TRUST OBLIGATION, BEGINNING

REVENUE OVER (UNDER) EXPENSESINTERFUND TRANSFERS

FUND BALANCE, ENDING $

TRUST OBLIGATION, ENDING $

(7,394) $ $ 28,185 $ 107,915

1,523,288 -

3,038 (780,025) 9,944 (10,615)25,375 13,716 (5,500)

21,019 $ - $ 38,129 $ 91,800

$ 1,493,308

(72,300)

$ 1,421,008

$ 756,979 $ $ $ $

38,466 $ 78,310 $

22,962 22,962

578,594 $

54,373(33,591)

6t,428 $ 101,272$ 599,376 $

$ $ S

2,317,384$ 2,278,541

1,523,288 1,458,111

(749,661) 104,020

2,334,032 $ 2,317,384

756,979 $ 1,523,288


NON-CONSOLIDATED STATEMENT OF FINANCIAL POSITION

APRIL 30, 2009CAW Student

Operating Centre2009 2009

Lance2009

Health & Student SpecialScholarship Dental Refugee Need

2009 2009 2009 2009Capital2009

TOTAL2009

TOTAL2008

ASSETS

CURRENT ASSETSCashAccounts receivablePrepaid expensesCAW Student Centre - Assets held in trust

(note 5)Due fi’om funds

INVESTMENTS (note 5)PROPERTY, PLANT ANDEQUIPMENT (note 8)

$ 1,111,876 $36,080 54,0556,649 960

1,154,605

1,352

123,341

$ 1.279,298

672,686

43,840$ $ $ - $

60,83665,000

61,428 101~272

727,701

107,699

835,400

43~840

4,148

$ 47,988

93,455

125,836

1,324,103

61,428 101,272

62,602

62,602

536,774

$ 1,111,876$ 1,346,772194,811 335,77772,609 67,765

672,686 965,237225,302 567,485

2,277,284 3,283,036

1,955,684 2,019,782

235,188 268A57

4,468,156$ 5,570,975$ $ 93,455 $ 1,449,939 $ 61,428 $ 101,272 $ 599,376 $


NON-CONSOLIDATED STATEMENT OF FINANCIAL POSITION

APRIL 30, 2009CAW Student

Operating Centre2009 2009

Lance2009

Scholarship2009

4

Health & Student SpecialDental Refugee Need2009 2009 2009

Capital2009

TOTAL2009

TOTAL2008

LIABILITIES

CURRENT LIABILITIESAccounts payable and accrued liabilitiesCAW Student Centre - trust obligationDue to funds

LONG TERM DEFICIT UNIWIN (note 6)

FUND BALANCES

INVESTED IN PROPERTY, PLANT ANDEQUIPMENT

UNRESTRICTEDINTERNALLY RESTRICTED

$

1,084,239 $756,979

113,405 78,421

6,969

2,890

9,8591,197,644

60,635

835,400

123,341(102,322)

4,148

33,981

21,019 38,129

1.279,298 $ 835,400 $ 47,988

$

1,655

1,655

$

91,800

91,800

$ 93,455 $

28,931

$ $ $ $

28,931

1,421,008

1,421,008

1,449,939

61,428 101,272

61,428 101,272

$ 61,428$ 101,272

599,376

599,376

$ 599,376

1,091,208756,979225,302

2,073,489

60,635

127,489(102,322)

2,308,865

2.334,032

4,468,156 $

$ 1,089,6091,523,288

567,485

3,180,382

73,209

134,684(137,379)

2,320,079

2,317,384

5,570,975

ON BEHALF OF THE BOARD

Director Director


NON-CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED APRIL 30, 20092009

CASH FLOWS FROM OPERATING ACTIVITIESCash receipts from customers and membersCash paid to suppliers and employees

CASH FLOWS FROM INVESTING ACTIVITIESPurchase of’property, plant and equipmentUniwin Student Pub Inc, loan advancedSale (purchase) of investmentsInterest income

INCREASE (DECREASE) IN CASH POSITIONCASH POSITION, BEGINNING

$ 4,926,762(5,013,376)

(86,614)

(49,180)(55,ooo)83,723

(127,825)

(148,282)

(234,896)1,346,772

2008

$ 4,712,211(4,500,952)

211.259

(100,194)(56,000)(36,868)192,152

(910)

210,3491,136,423

CASH POSITION, ENDING $ 1,111,876$ 1,346,772


NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS

APRIL 30, 2009

6

1. NATURE OF ACTIVITIES

The University of Windsor Students’ Alliance is incorporated under the Corporations Act (Ontario) Theorganization’s mission is to enhance student life through advocacy, representation and ser’cices The organization isexempt from income taxes under’ Section 149(1)(1) ofthe Income Tax Act of Canada.

2. SIGNIFICANT ACCOUNTING POLICIES

The non-consolidated financial statements have been prepar’ed in accordance with Canadian generally acceptedaccounting principles and reflect the following significant accounting policies:

IMPAIRMENT OF LONG-LIVED ASSETS

Long-lived assets are tested for’ recoverability ~vhenever events or’ changes in circumstances indicate that theircarrying amounts may not be recoverable. An impaflment loss is recognized when their carTying value exceeds thetotal undiscounted cash flows expected fi’om their use and eventual disposition.. The amount of’ the impairment lossis determined as the excess of the carTying value of the asset over’ its fair value

INVESTMENT IN UNIWIN STUDENT PUB INC.

The University of Windsor Students’ Alliance owns 100% of the outstanding shares of’ Uniwin Student Pub IncUniwin Student Pub Inc. is a profit oriented enterprise that operates a pub on the university campus. The investmentin Uniwin Student Pub Inc. is recorded using the equity method (see note 6) and has not been consolidated in theUniversity of’ Windsor Students’ Alliance financial statements Financial Statements for Uniwin Student Pub Inc. areavailable on request (note 7).

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of fmnitm’e and fixtmes, equipment, and computer’, software and electronicsand are carried at cost less accumulated amortization,, Contributed properly, plant and equipment are recorded at fairvalue at the date of’ contribution, Amortization is calculated over’ the estimated service lives of the assets, ~vhich areas fbllows:

Furniture and fixturesEquipmentComputer’, software and electronics

20% declining balance20% declining balance

50% year 1, 25% years 2 and 3



APRIL 30, 2009

2. SIGNIFICANT ACCOUNTING POLICIES - continued

FUND ACCOUNTING

Operating FundRevenue and expenses related to program delivery and administrative activities are reported in the operating fund.

CA W Student Centre FundThe CAW Student Centre fund is a restricted fund established to track activity with the CAW Student Centre which isowned by the University of’ Windsor’ and is managed by the University of Windsor Students’ Alliance under’ amanagement agreement that expired April 30, 2009.. Under the terms of this agreement, the organization has agreed tomanage the operations of’ the CAW Student Centre, and to ensure that sufficient reserves are available for’ future capitalexpenditures and other’ ongoing obligations, as well as to hold certain assets and liabilities arising fi’om those operationsin trust for’ the University of Windsor. The agreement requir’es that a reserve be established of $1 million.

Lance FundEffective July 30, 2001, the Lance newspaper’ .joined the University of Windsor Students’ Alliance as a constituentwholly owned division. The organization has agreed to allow the Lance complete and unfettered content fi’eedom,however, the organization will provide financial and other’ services to the Lance on a cost-free basis.. These servicesinclude, but are not limited to the following: bookkeeping, financial administration, insurance, capital loans,professional fees, and other’ administrative services fi’om time to time that may be required~ It is the intent of theagreement that if the Lance has profit from its operations, that this profit will be used for’ continued and further Lanceoperations, or on capital improvements to the Lance as may be determined by the Lance.

Schohtrship FundThe scholarship fund was established in 1996 for’ the propose of awarding scholarships of’up to $10,000 annuallycommencing with the 1997 academic year’. At the outset of the progr’am, $100,000 was invested in a reserve to fundthese scholarships.. The fund is invested in cash and marketable securities which are carried at fair market value.

Health and Dental FundThe Health and Dental fund was established by the member’s of the University of’ Windsor’ Students’ Alliance (UWSA)through the passage of a referendum to provide Health and Dental insurance coverage to the member’s of theorganization. The UWSA collects mandatory f~es fi’om each full-time undergraduate student and then offers thesestudents an opportunity to opt out of the program~ In 2003, the UWSA began to self-insm’e the drug and dentalcomponents of the plan. All annual deficits and surpluses are invested in the Health and Dental reserve. The reserve isinvested in cash and marketable securities which are car~ied at fair market value..

Student Refugee FundThe student refugee fund was established in 2002 for’ the investment of refugee student plan surpluses.

Special Need FundThe special need fund was established to maintain surplus funds for’ the specific use by the Student Needs AccessCoalition and the Wheelchair’ Accessibility Coalition.. The coalitions provide services to benefit students with specialneeds and challenges..

Capital Expenditure FundThe Capital fund collects student fees for use towards large capital projects as approved by the board or’ by referendumSurpluses beyond the eleven year’ commitment (note 10) remain with the Capital Expenditure Fund, for’ the restrictedpurposes of’ assisting with other’ capital costs relating to the CAW Student Centre renovations and future capital projects.



APRIL 30, 2009

2. SIGNIFICANT ACCOUNTING POLICIES - continued

REVENUE RECOGNITION

The organization follows the restricted fund method of’ accounting for’ contributions. Restricted contributions related togeneral operations are recognized as revenue of’ the operating fund in the year’ in ~vhich the related expenses areincurred. All other’ restricted contributions are recognized as revenue of the appropriate restricted fund. Um’estrictedcontributions and revenue are recognized as revenue of the appropriate fund when persuasive evidence of anarrangement exists, delivery has occurred, the price to the buyer’ is fixed or’ determinable and collection is reasonablyassmed,

CASH HELD FOR STUDENT ORGANIZATIONS

The organization holds cash in trust on behalf of various student organizations. Funds are deposited with theorganization and then withdrawn when they are needed.. The amounts remaining at year’ end relate to the balance of cashheld with the organization and are included in accounts payable and accrued liabilities.. At year’ end, total cash held onbehalf of student associations was $434,256 (2008, $404,598) and total cash held on behalf of’ student clubs was$78,710 (2008, $65,328)

USE OF ACCOUNTING ESTIMATES

The preparation of fmancial statements in conformity with Canadian generally accepted accounting principles requiresmanagement to make estimates and assumptions that effect the reported amounts of assets and liabilities and disclosuresof contingent assets and liabilities at the date of’ the financial statements and the reported amounts of revenues andexpenses during the reporting period Actual results could differ’ fi’om these estimates. Significant areas requit’ing theuse of managements’ estimates include the allowance for doubtful accotmts, allocation of student fee revenue and healthplan premium accruals.

FINANCIAL INSTRUMENTS - RECOGNITION AND MEASUREMENT

The organization classifies all financial instruments as either’ held to maturity, available for’ sale, held for’ trading, loansand receivables, or’ other financial liabilities.. Financial assets held to maturity, loans and receivables, and financialliabilities other’ than those held for’ trading, are measured at amortized cost. Available for sale instruments are measuredat fair~ value with unrealized gains and losses recognized in the statement of changes in fund balances and trustobligation Instruments classified as held for trading are measured at fair’ value with unrealized gains and lossesrecognized on the statement of operations..

The organization has designated its cash and investments as held for trading, ~vhich are measm’ed at fair value,Accounts receivable are classified as loans and receivables, which are measured at amortized cost, Accounts payableand accrued liabilities and long term debt are classified as other’ financial liabilities, which are measured at amortizedcost.



APRIL 30, 2009

9

3. NEW ACCOUNTING POLICIES

CAPITAL DISCLOSURES

Effective May 1, 2008, the organization adopted the recommendations of CICA Handbook Section 1.535, CapitalDisclosures This section establishes standards for’ disclosing information about an organization’s capital and how it ismanaged It describes the disclosure requir’ements of’ the organization objectives, policies and processes for managingcapital, the quantitative date relating to what the organization regards as capital, disclosures for’ externally imposedcapital requirements, whether the entity has complied with those requixements, and if’ it has not complied, theconsequences of’ such non-compliance The organization has included disclosure recommendations by this new

Handbook section in note 9.

GOING CONCERN

Effective May 1, 2008, the company adopted the recornmendations of CICA Handbook Section 1400, GeneralStandards oJFinancial Statement Presentation, to change the guidance related to management’s responsibility to assessthe ability of the entity to continue as a going concern.. Management is required to make an assessment of an entity’sability to continue as a going concern and should take into account all available information about the future, which is atleast, but not limited to, twelve months fi’om the balance sheet date. Disclosure is required of material uncertaintiesrelated to events or’ conditions that may cast significant doubt upon the entity’s ability to continue as a going concern.Adoption of this standard had no impact on the company’s financial statements.

4. FUTURE ACCOUNTING PRONOUNCEMENTS

ALLOCATED EXPENSES

As of May 1, 2009, the company will be required to adopt CICA Handbook Section 4470, Disclosztre of AllocatedExpenses by Not-for-Profit Organizations, which establishes disclosure standards for not-for-profit organizations thatclassify their expenses by function and allocate these expenses to a number of functions to which the expenses relate..When allocations of’ fundraising and general support expenses have been made to other’ functions, the organization willbe required to disclose an explanation of the policies adopted for’ the allocation, the nature of the expenses beingallocated and the basis on which such allocations have been made. The organization must also disclose the amountsallocated from each of these two functions, and the amounts and the functions to which they have been allocated. Theorganization has not yet assessed the impact of this new standard on its financial statements.

GOODWILL AND INTANGIBLE ASSETS

As of May 1, 2009, the company will be required to adopt CICA Handbook Section .3064, Goodwill and IntangibleAssets, which will replace the existing standard The new standard revises the requirement for’ recognition, measurementand presentation and disclosure of’ intangible assets. The adoption of this standard is not expected to have a materialimpact on the company’s financial statements..



APRIL 30, 2009

10

5. INVESTMENTS 2009 2008

The book values of the following assets are as follows:

Operating Fund - Short term depositsCAW Student Centre Fund - Assets held in trustScholarship Fund - InvestmentsHealth & Dental fund - InvestmentsCapital Fund - Investments

$ 1,352 $ 1,330716,855 978,96798,769 128,641

1,376,369 1,469,132...... 625,062 ,,, 324,058

~ $ 2,902,128

Investmems, short term deposits and assets held in trust consist of bonds, equities, trusts, mutual funds, cash and cashequivalents.

6. LONG-TERM DEFICIT UNIWIN 2009 2008

Class A sharesShare of lossesAdvances

$ 50 $(922,817)862,132

50(880,391)807,132

$ (60,635) $ (73,209)



APRIL 30, 2009

11

7. OPERATING RESULTS OF UNIWIN STUDENT PUB INC. 2009 2008

Financial PositionTotal assets

Total liabilitiesShareholders deficiency

Total liabilities and shareholders’ deficiency

Results of OperationsTotal revenuesTotal cost of goods soldTotal expenses

Net income (loss)

Cash flowsCash used in operationsCash from financing activities

Net change in cash

$ 29,764$, 12,543

885,359 825,713(855,595) (813,170)

$ 29,764 $, , 12,543

476,154256,725

, 261,855

$ , (42,426.)

$ 525,679325,924280,978

$ (81,223)

$ (50,562)55,000

$ 4,438

$ (65,025)56,000

$ (9,025)

8. PROPERTY, PLANT AND EQUIPMENT 2009 2008

OPERATING FUNDFurniture and fixturesEquipmentComputer, software and electronics

CAW STUDENT CENTREFurniture and fixturesComputer, software and electronics

LANCEComputer, software and electronics

CostAccumulatedAmortization

$ 293,105 $ (252,368)197,355 (131,967)200,228 (183,012)

690,688 (567,347)

208,769 (106,033)103,497 (98,534)

312,266 (204,567)

22,930 (18,782)

$,, 1,025,884$ (790,696)

Net Net

$ 40,737 $ 50,92265,388 54,36717,216 24,696

123,341 129,985

102,736 109,6114,963 23,862

107,699 133,473

4,148 4,699

$ 235,188$ 268,157



APRIL 30, 2009

12

9. CAPITAL MANAGEMENT

The organization’s capital consists of’ cash and investments Its policy is to invest in low risk and guaranteed funds. Theorganization’s primary objective in managing its capital is to maintain sufficient cash flow to fired the organization’soperations. Approximately two-thirds of investments are held as cash and fixed income. The remainder is invested inequities.

10. COMMITMENTS

Management and the Universi .ty of’ Windsor’ have plans in place fbr substantial renovations to the CAW Student Centre.The UWSA has committed to fund $3,500,000 over’ an 11 year’ period. A referendum has been passed, whereby, full-time students of’ the University of’ Windsor’ will be cha~ged an additional $20 per’ semester to assist with the financing ofthe renovations.. The University of Windsor’ will remit these fees to the UWSA. Commencing November’ 1, 2000 semi-annual donations ors 161,000 have been made by the UWSA to the University of Windsor’ acting on their’ obligation tothis commitment.

11. COMPARATIVE FIGURES

The presentation of certain accounts of the previous year’ has been changed to conform with the presentation adopted forthe curr’ent year’..

12. RELATED PARTY TRANSACTIONS

The organization owns 100% of Uniwin Student Pub Inc.

During the year~ the organization advanced $55,000 (2008, $56,000) to Uniwin Student Pub Inc..

Equipment with a net book value of’ $40,991 (2008, $42,653) owned by the organization was provided to UniwinStudent Pub Inc. for’ its use. The University of’ Windsor’ Students’ Alliance has not charged any rent to Uniwin StudentPub Inc. for the use of this equipment, or’ its premises or administrative services provided.



APRIL 30, 2009

13

13. FINANCIAL INSTRUMENTS

Credit risk arises ti’om the potential that a customer’ will fail to perform its obligation. The organization has a sufficientnumber’ of diverse customer’s so the concentration of’ risk is minimized

The organization’s earnings are exposed to financial and market risk that arises fi’om fluctuations in interest rates andmarket conditions and the degree of volatili .ty of these rates and conditions. The organization does not use derivativeinstruments to reduce its exposur’e to interest rate or’ market risk.

Fair value estimates are made as of a specific point in time, using available information about the instrument. Theseestimates ar’e subjective in natur’e and often cannot be determined with precision.

The organization has determined that the carrying value of’ cash, accounts receivable and accounts payable and accruedliabilities approximate their’ fak~ value at the balance sheet date because of the short-term maturity of those instruments.

The fair value of marketable securities are based on published prices at the balance sheet date.


SUPPLEMENTARY FINANCIAL INFORMATIONCENTRAL ADMINISTRATION PROGRAM - OPERATING FUND

YEAR ENDED APRIL 30, 2009Budget2009

Actual2009

Actual2008

14Schedule 1

REVENUEStudent fees $ 604,824Sales and advertising 13,489Interest 49,200Rent 6,512Other’ revenue 81,662Uniwin Student Pub Inc,, loss

EXPENSESAmortizationAdvertising and promotionBad debtsBanking and financeConferences, tT’aining and travelGeneral insuranceMiscellaneous expenseOffice and equipmentProfessional feesProgramming supplies and expensesSalaries and benefitsTelephone, utilities and taxesUm’ealized loss on investment

REVENUE OVER EXPENSES

755,687

45,6008,8202,7227,160

10,80039,48017,40028,99528,60013,000

241,2556,840

450,672

$ 305,015

$ 634,265$ 636,53611,744 11,36017,763 52,7836,512 6,555

87,185 134,260(42,426) (81,223)

715,043

37,0938,437

13,8786,6066,951

38,43019,13920,64630,28015,168

233,6025,586

760,271

48,71235,533

1,9357,247

13,22634,19212,52523,32232,47637,763

222,2505,796

6

435,816 474,983

$ 279,227 $ 285,288


SUPPLEMENTARY FINANCIAL INFORMATIONBOOKSTORE PROGRAM - OPERATING FUND

YEAR ENDED APRIL 30, 2009Budget Actual Actual2009 2009 2008

15Schedule 2

REVENUESales and advertising

EXPENSESAmortizationAdvertising and promotionCost of salesOffice and equipmentSalaries and benefits

$ 140,000 $ 135,020 $ 133,953

300 291 4,3695,100 6,731 5,909

110,600 107,992 103,5281,750 1,048 2,093

12,922 12~073 12,080

130,672 128~135 127,979

REVENUE OVER EXPENSES $ 9,328$ 6,885$ 5,974


SUPPLEMENTARY FINANCIAL INFORMATIONCHIEF RETURNING OFFICER PROGRAM - OPERATING FUND


Actual2009

Actual2008

16Schedule 3

EXPENSESAdvertising and promotionOffice and equipmentProgramming supplies and expensesSalaries and benefits

REVENUE UNDER EXPENSES

$ 1,875

4,60014,706

(21,181)

65153

1,87015,342

(17,430)

424

2,31514,788

(17,527)


SUPPLEMENTARY FINANCIAL INFORMATIONSERVICES - OPERATING FUND


Actual2009

Actual2008

17Schedule 4

REVENUEOther’ revenue

EXPENSESAmortizationAdvertising and promotionConferences, training and travelGrants and scholarshipsMiscellaneous expenseOffice and equipmentProgramming supplies and expensesSalaries and benefits


$ 35,500 $ 11.628 $ 11,978

9,280500

7,000200550

12,12816,354

384,605

3,937779520

15,03015,815

479,753(476)

7,531

3419,720

13,335

46,012 40,724 40,251

$ (10,512) $ (29,096) $ (28,273)


SUPPLEMENTARY FINANCIAL INFORMATIONPRESIDENT - OPERATING FUND


Actual2009

Actual2008

18Schedule 5

EXPENSESAdveIfising and promotionConferences, training and travelMiscellaneous expenseProgramming supplies and expensesSalaries and benefitsTelephone, utilities and taxes

$ 5,875 $ 9164,090 3,974

32,395 31,431

$ 1,7864,768

101200

29,401350

REVENUE UNDER EXPENSES $ (42,360) $ (36,321) $ (36,606)


SUPPLEMENTARY FINANCIAL INFORMATIONVICE-PRESIDENT ADMINISTRATION - OPERATING FUND


Actual2009

Actual2008

19Schedule 6

REVENUESales and advertising $

EXPENSESAdvertising and promotionConferences, training and travelMiscellaneous expenseProgramming supplies and expensesSalaries and benefitsTelephone, utilities and taxes


2,7853,220

500

34,563

$ - $ 10,955

1,7592,573

138

33,246

4842,650

4439,440

31,096280

41,068 37,716 44,393

(41,068) $ (37,716) $ (33,438)


SUPPLEMENTARY FINANCIAL INFORMATIONVICE-PRESIDENT FINANCE & OPERATIONS - OPERATING FUND

YEAR ENDED APRIL 30, 2009Budget

2009Actual2009

2OSchedule 7

Actual2008

EXPENSESAdvertising and promotionConferences, training and travelGrants and scholarshipsMiscellaneous expenseSalaries and benefitsTelephone, utilities and taxes

$ 1,1251,390

22,5008OO

31,172

50 $ 1451,201 1,255

18,14,5 12,758(15) 1.5

30,400 27,057(70) 280

REVENUE UNDER EXPENSES $ (56,987) $ (49,711) $ (41,510)


SUPPLEMENTARY FINANCIAL INFORMATIONVICE-PRESIDENT UNIVERSITY AFFAIRS - OPERATING FUND


Actual2009

Actual2008

21Schedule 8

REVENUESales and advertising $

EXPENSESAdvertising and promotionConferences, training and travelMiscellaneous expenseProgramming supplies and expensesSalaries and benefitsTelephone, utilities and taxes


1,00021,725

5OO

31,172

54,397

(54,397) $

(800)15,653

83

30,397

45,333

(45,333)

$ 4,410

2,19816,570

89949

36,142350

56,298

$ (51,888)


SUPPLEMENTARY FINANCIAL INFORMATIONPROGRAMMING - OPERATING FUND


Actual2009

Actual2008

22Schedule 9

REVENUESales and advertisingOther’ revenue

EXPENSESAdvertising and promotionConferences, training and travelMiscellaneous expense (recovery)Office and equipmentProgramming supplies and expenses


$ 17,350$ 16,126400 786

17,750 16,912

8,600 3,9762,665 2,129

1,400 32564,000 68,072

76,665 74,502

$ (58,915) $ (57,590) $

$ 25,675405

26,080

5,7403,t51(184)630

86,662

95,999

(69,919)


SUPPLEMENTARY FINANCIAL INFORMATIONPUBLICATIONS - OPERATING FUND


Actual2009

Actual2008

23Schedule 10

REVENUESales and advertising

EXPENSESCost of salesProgramming supplies and expensesSalaries and benefits


$ 36,587$ 32,700$ 37,200

38,592 42,596 63,1773,000

461 (19) 7,618

42,053 42,577 70,795

$ (5,466) $ (9,877) $ (33~595)


SUPPLEMENTARY FINANCIAL INFORMATIONLANCE


Actual2009

Actual2008

24Schedule 11

REVENUEStudent feesSales and advertising

EXPENSESAmortizationAdvertising and promotionBad debts (recoveries)Conferences, training and travelCost of salesMiscellaneous expenseOffice and equipmentSalaries and benefitsTelephone, utilities and taxes

$ 55,124108,559

163,683

550

(5,109)2,750

36,700357

4,837111,244

2,4t0

153,739

56,274158,673

214,947

4,256760

39,6841,918

56,473617

5,919109,663

2,172

221,462

REVENUE OVER (UNDER) EXPENSES $ $ 9,944 $ (6,515)


SUPPLEMENTARY FINANCIAL INFORMATIONCAW STUDENT CENTRE


Actual2009

Actual2008

25Schedule 12

REVENUEStudent feesInterestRent

EXPENSES

AmortizationAdvertising and promotionBad debts (recovered)Banking and financeCampus PoliceConferences, training and travelGeneral insuranceHousekeepingMiscellaneous expenseOffice and equipmentProfessional feesProgramming supplies and expensesRepairs and maintenanceSalaries and benefitsSpecial pro, jectsTelephone, utilities and taxesUm’ealized loss on investments

REVENUE OVER (UNDER) EXPENSESTRANSFER FROM CAPITAL FUNDTRUST OBLIGATION, BEGINNING

TRUST OBLIGATION, ENDING

1,270,475

176,561

$ 1,226,8165,000

157,754

1,447,036 1,389,570

33,6007,6005,717

60050,4003,600

27,600456,000

4,3003,477

15,39630,00057,600

242,1336,000

408,960

1,352,983

94,053

1,523,288

1,617,341

44,1778,126

35,3676OO

46,3155,442

24,464491,465

15,9701,4079,400

30,220792,086249,959

384,15830,439

$ 1,264,11750,772

175,920

1,490,809

51,2915,468

(3,777)6O0

43,925627

21,853483,793

17,4982,2379,400

42,97055,710

231,65541,566

390,56830,248

2,169,595 1,425,632

(780,025) 65,17713,716

1,523,288 1,458,111

$ 756,979$ 1.523,288

Documents

UNIVERSITY OF WINDSOR STUDENTS’ ALLIANCE AUDITORS’ … · university of windsor students’ alliance non-consolidated statement of operations year ended april 30, 2009 operating