ANNUAL FINANCIAL REPORT 2006 Table of Contents Back to Financial Services
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ANNUAL FINANCIAL REPORT 2006 Table of Contents Back to Financial Services
Table of Contents Back to Financial Services ANNUAL FINANCIAL REPORT 2006 CONTENTS MISSION STATEMENT 3 REPORT OF THE BOARD OF GOVERNORS 4 FINANCIAL REPORT OF THE VICE-PRESIDENT (ADMINISTRATION) 6 STATEMENT OF MANAGEMENT RESPONSIBILITY FOR FINANCIAL REPORTING 19 REPORT OF THE AUDITOR GENERAL 20 CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Financial Position 21 Consolidated Statement of Operations and Changes in Fund Balances 22 Consolidated Statement of Operations and Changes in Fund Balances for the General Funds 23 Consolidated Statement of Operations and Changes in Fund Balances for the Restricted Funds 24 Consolidated Statement of Cash Flows 25 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 26 SCHEDULES 1 Tuition and Related Fees 37 2 Changes to Research and Special Fund 38 3 Changes to Capital Asset Fund 40 4 Changes to Specific Provisions Fund 40 5 Changes to Staff Benefits Fund 41 6 Revenue and Expense, Ancillary Services 41 7 Net Operating Expenditures 42 8 Research & Special Fund Expenditures 48 9 Net Academic Faculty Expenditures 50 10 Net Other Academic Expenditures 74 11 Net Library Expenditures 78 12 Net Student Affairs Expenditures 80 13 Net Administration Expenditures 82 14 Net Physical Plant Expenditures 84 15 Net General Expenditures 86 16 Grand Total of Net General Expenditures 88 (Additional information is available at www.umanitoba.ca/admin/financial) 1 2 Table of Contents MISSION STATEMENT “The mission of the University of Manitoba is to create, preserve and communicate knowledge, and thereby, contribute to the cultural, social and economic well-being of the people of Manitoba, Canada and the world”. The University of Manitoba’s strategic academic plan, “Building for a Bright Future”, sets out five institutional priorities for success which were developed to meet the mission and to realize the University’s vision: “To affirm the position of the University of Manitoba among the best of Canada’s research-intensive institutions and to lead our nation in demonstrating a commitment to the education of a broad sector of society.” The five institutional priorities are as follows: • • • • • Provide Access to an Exceptional Education; Attract and Retain the Best Faculty and Students; Be a Centre for Research and Graduate Education that Makes a Difference to our Province, our Nation and our World; Provide the Human, Physical and Technological Infrastructure Necessary for Learning; and Be at the Centre of our Community: On Manitoba. 3 Table of Contents REPORT OF THE BOARD OF GOVERNORS To the Minister of Advanced Education and Training, Winnipeg, Manitoba In Compliance with Section 22(1) of The University of Manitoba Act, the Annual Report on the financial affairs of the University for the year ended March 31, 2006 is herewith submitted to the Minister of Advanced Education and Training. In this report, we set forth in detail – (a) the receipts and expenditures for the next preceding fiscal year, (b) the investments as they stood at the end of the year, and (c) other particulars which may be of interest to the Minister of Advanced Education and Training. Included with this Report are the Financial Report of the Vice-President (Administration), the Statement of Management Responsibility for Financial Reporting and the Report of the Auditor General of the Province of Manitoba on the audit of the accounts of the University. Receipts and Expenditures: Summary of General Operating Fund Results (in thousands of dollars) Year Ended March 31 2006 2005 Revenues and Other Additions $ 380,770 $ 362,033 355,426 340,386 Net Revenue 25,344 21,647 Appropriated To Specific Provisions (6,351) (3,628) Expenditures and Other Deductions Inter-Fund Transfers Net Increase To Fund Balances $ (18,697) 296 $ (17,966) 53 Additions exceeded deductions by $25,344,000 for the current fiscal year. Net appropriations of $6,351,000 were made to specific provisions and an amount of $18,697,000 was transferred to other funds. The resulting net surplus of $296,000 has been added to the general operating balance in the General Operating Fund, increasing it to a balance of $2,149,000 as at March 31, 2006. Investments: Investment holdings at March 31, 2006 were as follows (at fair value): (in thousands of dollars) Canadian Bonds and Other Fixed Income Canadian Equities U.S. Equities International Equities Other Short Term Investments $ 94,229 97,854 57,447 60,015 156,787 $ 466,332 Details of the above summaries will be found in the Consolidated Financial Statements of the University which follow. 4 Table of Contents REPORT OF THE BOARD OF GOVERNORS Members of the Board of Governors: At March 31, 2006 the members of the Board of Governors were as follows: Chair Wayne R. Anderson, B.S.A., M.B.A. Vice-Chair Terry Sargeant, B.A., LL.B. Chancellor William Norrie, C.M., O.M., Q.C., B.A., LL.B., LL.D. (Manitoba), LL.D. (Winnipeg) President and Vice-Chancellor ˝ J.E. Szathmáry, C.M., B.A. (Hons.), Ph.D., LL.D. (Toronto), D.Sc. (Western Ontario), D.Litt.S. (St. Michael’s College), Emoke F.R.S.C. Appointed by the Lieutenant-Governor-in-Council: Alfred Black, B.Math., M.Math. Johanna Charles, B.A., B.Sc. Ellen Gordon, B.A., M.S.W. Steven Hennessey, B.Sc. Heather Milan, B.Sc. Soam Narine, B.A., A.C.M.I. Strini Reddy, O.M., B.A., B.Ed., M.Ed. Terry Sargeant, B.A., LL.B. Jennifer Simons, B.A. Thomas Strutt, B.A. (Hons.), M.A., LL.B. Daniel Vandal, B.S.W. Shirley Van Schie, B.A. (Adv.), M.A., LL.B. Elected by Senate Juliette E. Cooper, Dip. P. and O.T., B.O.T., M.Sc., Ph.D. Janet Hoskins, B.E.S., M.Sc., Ph.D. Doug Ruth, B.Sc., M.Sc., Ph.D. Elected by Graduates Wayne R. Anderson, B.S.A., M.B.A. Ian C.P. Smith, B.Sc. (Hons.), M.Sc., Ph.D., Fil. Doktor (H.C.) (Stockholm), D.Sc. (H.C.) (Winnipeg), D.Sc. (H.C.) (Brandon) Doug Ward, Q.C., B.A., LL.B. Elected by the University of Manitoba Students Union Amanda Aziz Cathy Van De Kerckhove, B.Sc., B.A. David Ames, B.Sc. University Secretary Jeffrey M. Leclerc, B.Ed. Respectfully submitted, The Board of Governors, The University of Manitoba. Wayne R. Anderson, Chair. 5 Table of Contents FINANCIAL REPORT OF THE VICE-PRESIDENT (A D M I N I S T R A T I O N) The 2005-2006 fiscal year began with major budgetary challenges with a shortfall of $6.9 million of permanent funding in support of the April 1, 2005 budget. To address the shortfall and provide a balanced budget, the Board of Governors approved three new ancillary fees at its meeting on May 17, 2005. The fees were subsequently suspended however, when the Provincial government provided $6.9 million in one-time funding for fiscal year 2005-2006. However, as ongoing commitments to faculty, staff, technology and the physical plant exist, this was clearly only a temporary fix. ˝ Under the leadership of Dr. Emoke Szathmáry, the University of Manitoba has strived to realize its vision of excellence and innovation in teaching, research and community service. Although faculties, schools, the libraries and administrative units have risen to their budgetary challenges in the past, excellence can only be achieved if resources are made available to fund new strategic initiatives. Maintaining the status quo will only produce mediocre results over the long term. The University community has, nonetheless, been very proactive in its quest for excellence, developing strategic plans and looking for other opportunities to fund important initiatives. Over the past year, Building for a Bright Future, the University’s strategic academic plan, continued to move the University forward to “Affirm the University of Manitoba among the best of Canada’s research intensive institutions and to lead our nation in demonstrating a commitment to the education of a broad sector of society”. While the University of Manitoba has made considerable progress, many exciting initiatives remain unfunded. This puts the University of Manitoba at a disadvantage as compared to other universities across the country. Although we appreciate that the Province has made an effort to respond to our budgetary needs through operating grant increases, the continued freeze on tuition fees at 1999-2000 levels has prevented the University from funding strategic initiatives while at the same time achieving a balanced budget. To meet the challenges of increased costs of operating and accommodating record high numbers of students - both in terms of delivery of services and in space, technology and infrastructure, the University has been very creative and has taken advantage of other opportunities to improve its service delivery and facilities to attract and retain quality students and staff. These challenges are being met through the strategic resource allocation process each year, through the creation of a strategic initiatives fund, private fund raising and through the issuance of debt to support new building construction and to fund deferred maintenance and health and safety projects. The following provides an overview of the financial results of the University for the fiscal year ended March 31, 2006. In doing so I share the University community’s success in moving the University forward in achieving its vision over the past fiscal year. Investing in Manitoba’s Future For fiscal year 2005-2006, total University revenue in all of its Funds (unrestricted and restricted) was $583.5 million, an increase of 3.9% over 2004-2005 revenue of $561.7 million. Approximately $257.6 million or 44.1% of the University’s total revenue comes from the Province of Manitoba through the Council on Post-Secondary Education (“COPSE”), Manitoba Health, Agriculture and various provincial councils and funds in support of teaching, innovation, capital and research. In addition, in fiscal 2005-2006 the University began expending the $75 million in debt proceeds received from the Province in fiscal year 2004-2005 on new building construction, deferred maintenance, technology and health and safety projects. The Province further demonstrated its commitment to the University of Manitoba by agreeing to further borrowings from the Province of $75 million on April 3, 2006. This will bring the total Provincial debt up to $150 million in 2006-2007. Both debt issues were structured as amortizing loans, with principal and interest paid monthly over a 30 year period. In 2005-2006, debt proceeds were used to bridge finance new capital building projects such as the Engineering and Information Technology Complex and the Richardson Centre for Functional Foods and Nutraceuticals, to build a new parkade on the Bannatyne Campus, for technology improvements to bring building cabling and classrooms up to date and to begin to address long standing deferred maintenance and health and safety issues on the aging Fort Garry and Bannatyne campuses. Students, through their tuition and incidental fees, also provide a major source of revenue in support of the University’s operation, with $96.5 million being assessed and collected in 2005-2006, an increase of 9.5% over 2004-2005 fees of $88.1 million. Fees represent about 16.5% of total revenues. In 2005-2006 a technology fee was implemented which will be used to support technology initiatives on the Fort Garry and Bannatyne campuses. These fees totalled $3.6 million in 2005-2006 and have been set aside in a Specific Trust for expenditure in 2006-2007. The remaining increase in tuition fee revenues is attributable to a full-time equivalent enrollment increase of about 2.2% in undergraduate and graduate programs over 2004-2005 and to increased differential fee revenues. In 2005-2006 foreign students enrolled in graduate programs were assessed a differential fee of 100% of the fee paid by a domestic student, generating an additional $1.1 million in fee revenue. 6 Table of Contents The Government of Canada is also a major supporter of the University of Manitoba. In 2005-2006, contributions of $69.3 million, or 11.9% of total revenues were received, relating to specific research projects awarded through the federal granting councils ($52.9 million), special project funding of $3.2 million for programs such as the Northern Medical Unit, major capital projects and awards under the Canada Foundation for Innovation and Western Economic Diversification programs ($6 million), the Indirect Costs of Research program ($6.9 million) and other smaller programs such as Careerstart ($.3 million). The University of Manitoba also received $84.1 million in contributions, donations and grants in support of research, special projects and initiatives, capital, chairs, scholarships, bursaries and staff benefits in 2005-2006 from our generous individual and corporate donors, contributors and employees. This represents 14.4% of total revenue. Most all of this revenue is restricted for various purposes by the donor, contributor or employee (as is the case for employee contributions to staff benefits plans) and as such cannot be used to support the general operation of the University. The University’s Ancillary Services, which are comprised of the Book Store, Residences, Parking and Pharmacy generated $29.6 million or 5.1% of total revenue in 2005-2006. Ancillary Services are completely self-sustaining and contribute to the University’s operation by covering their share of overhead in addition to their direct costs, as well as the capital costs of refurbishing Ancillary facilities, acquiring equipment and building and upgrading parking lots. They also support non-revenue generating units such as Security Services. The sale of various goods and services generated $21.8 million in 2005-2006 or 3.7% of total revenues for many faculties and schools, supplementing the resources that are available to them for operating purposes while at the same time providing valuable linkages to the community. In addition, investment income and other miscellaneous revenue of $24.6 million or 4.2% of total revenues were generated from the investment of general, capital, staff benefits and trust and endowment cash on hand. The pie chart in Table 1, Total Revenue - All Funds is a pictorial representation of the revenues of the University by these various sources. Table 1 Total Revenue - All Funds ($583.5M) (General Operating $380.8M; Restricted $187.7M; Endowment $15.0M) 2005-2006 Investment & Other Revenues $24.6 Sales of Goods & Services $21.8 Ancillary Government of Canada $69.3 Contributions, Donations Non-Government Grants $84.1 $29.6 Other Province of Manitoba $26.1 Tuition Fees $96.5 COPSE $231.5 University Operating Results The operating results of the University of Manitoba for fiscal year 2005-2006, shown on a comparative basis with 20042005, are summarized in Table 2, General Operations, together with the April 1, 2005 Board of Governors approved operating budget. Operating revenues are shown by source, and expenses by function and type, to provide an overview on how the University spends its resources in the General Operating Fund. The University has historically been very successful at achieving a balanced budget at the end of each fiscal year. This is due to a strong commitment on the part of the University’s administration to fiscal responsibility and financial stability as well as a strong commitment by faculties, schools, libraries and support units who share in that responsibility. This is achieved in a decentralized system of budgetary control whereby academic and support units are allocated resources on an annual basis to meet their strategic priorities and those of the University. These operating units are provided with procedures to administer their budgets responsibly and to ensure that there is accountability for the resources that are transferred to them. 7 Table of Contents Table 2 General Operations Summary Statement (in thousands of dollars) April 1, 2005 Budget Revenue: COPSE Tuition Fees Ancillary Services Sales of Goods & Services Investment & Other Revenues Government of Canada Other Province of Manitoba $ 215,442 96,038 28,126 18,965 2,682 6,505 2,216 Expense by Function: Instruction Central Reserves * Plant Maintenance Ancillary Services Libraries Administration Student Affairs Scholarships, Bursaries, Prizes and Awards Property Tax Other Net Revenue Net Transfer to Other Funds Net Increase to Fund Balance Expense by Type: Academic & Other Instructional Salaries Support Staff Salaries Supplies and Expenses Staff Benefits Utilities Ancillaries Cost of Goods Sold Scholarships, Bursaries, Prizes and Awards Property Tax Payroll Tax Levy March 31, 2006 Actual March 31, 2005 Actual $ $ 215,393 96,462 29,566 21,790 6,749 7,184 3,626 210,416 88,120 29,021 20,367 4,329 6,969 2,811 369,974 380,770 362,033 205,435 31,557 35,696 28,059 20,153 18,646 15,902 3,775 3,100 6,198 230,389 219,535 34,679 25,814 14,206 23,376 16,908 3,444 868 5,742 32,260 24,928 13,506 20,950 15,871 2,505 5,277 5,554 368,521 355,426 340,386 1,453 25,344 21,647 (1,453) (25,048) (21,594) $ 0 $ 296 $ 53 $ 129,507 88,620 77,450 30,441 16,250 14,685 3,775 3,100 4,693 $ 138,249 94,196 47,921 35,262 14,832 15,637 3,444 868 5,017 $ 130,812 88,307 45,887 33,574 13,950 15,349 2,505 5,277 4,725 $ 368,521 $ 355,426 $ 340,386 * Represents funds budgeted for distribution to unit budgets during the year for salary and contract increases and other centrally funded initiatives. 8 Table of Contents General Operating Fund Revenue by Source 2005-2006 (Total $380.8M) Government of Canada Investment & Other Revenues $7.2 $6.7 Sales of Goods & Services Other Province of Manitoba $3.6 $21.8 Ancillary Services $29.6 COPSE $215.4 Tuition Fees $96.5 Expense by Function 2005-2006 (Total $355.4M) Plant Maintenance $34.7 Libraries $14.2 Administration $23.4 Student Affairs $16.9 Instruction $230.4 Ancillary Services $25.8 Property Tax $0.9 Other $5.7 Scholarships, Bursaries, Prizes and Awards $3.4 Expense by Type 2005-2006 (Total $355.4M) Staff Benefits $35.3 Utilities $14.8 Supplies and Expenses $47.9 Ancillaries Cost of Goods Sold $15.6 Support Staff Salaries $94.2 Scholarships, Bursaries, Prizes and Awards Payroll $3.4 Property Tax Tax Levy $5.0 $0.9 Academic & Other Instructional Salaries $138.3 9 Table of Contents The current fiscal year is no exception with a general operating surplus of $296,000 after net transfers of $25 million to other funds. The most significant of these are transfers to the capital fund of $23.7 million for the acquisition of furniture and equipment, computers, library acquisitions and vehicles and for the renovation of various facilities. The use of operating funds to support the acquisition of minor capital is consistent with practices in prior years as funding is generally not available from other sources. Because the University uses fund accounting to account for its revenues and expenses there are, however, many transfers between funds which are detailed in the notes to the accompanying financial statements. General operating expenses increased by $15.0 million or 4.4% in fiscal 2005-2006 over 2004-2005. In the review of operating expenses by function, about $10.9 million of the increased expense is attributable to the instruction of students, $.9 million to student scholarships and bursaries, $2.4 million to plant maintenance, $2.4 million to administration (which includes support units such as Financial Services, Human Resources, Development and Advancement Services), $.7 million to Libraries, $1.0 million to student services and $.9 million to ancillary services. These increases are offset by a $4.4 million decrease in property taxes as the phase out of these taxes by the Province was completed. In the review of expenses by expense type, virtually all of the $15.0 million increase can be attributed to increases in salary, benefits and payroll tax costs, resulting from salary increases and increased staff numbers in 2005-2006. Details on operating expenses, by unit, are included in Schedule 7 of the Annual Financial Report. The University of Manitoba’s most valuable resource is its faculty and staff who bring their knowledge, expertise and commitment to the table, working in a collegial fashion to achieve the University’s goals. In 2005-2006, about 77% of the current year’s operating expenses were spent on salaries and related costs and the University employed 3,584 full time equivalent (“FTE”) staff on a year round basis. Of this number 1,613 were faculty and 1,971 were administrative staff. This represents a net increase in faculty and staff of 46.2 FTE positions over 2004-2005. Ancillary Services employed a further 126 FTE staff, a decrease of 3 FTE over 2004-2005, making the University one of the largest employers in Manitoba. Table 3, Historical Comparisons of Faculty and Staff Positions (excluding the Ancillary Services) depicts changes in staffing levels since 1986. Table 3 Historical Comparisons of Academic and Support Staff Positions University of Manitoba 1986-2005 2100 2000 1900 Staff 1800 1700 Academic Support 1600 1500 1400 1300 2004 2002 2000 1998 1996 1994 1992 1990 1988 1986 1200 1. The above represents full time equivalent operating budget positions and excludes Ancillary Services. 2. Support staff are defined as non teaching positions in the Faculties, Schools & Colleges as well as Financial Services, Human Resources, Information Services & Technology, Physical Plant, Student Services, University Services, the Office of the President and Academic Librarians. People are the driving force in the overall success of the University of Manitoba and the growth in positions to match growing student numbers is evidence of the University’s commitment to provide students with the exceptional education that they expect and deserve. The student experience in the classroom and the research laboratories is paramount to their future success. Attracting and retaining the best faculty and staff is challenging in a University environment as universities world-wide compete for the best by offering attractive compensation packages, state-of-the-art facilities in which to teach and perform research and state-of-the-art equipment in the classrooms and laboratories. Faculty achievements in 2005-2006 throughout the University community were many and varied and are too numerous to detail in this report. They range from faculty members participating in a research project to prove that travel to and research on Mars is possible to the development of vaccines that are 100% effective in protecting monkeys against 10 Table of Contents infections caused by Ebola and Marburg viruses. Teaching excellence awards were received by many faculty across the ˝ Szathmáry, President and Vice-Chancellor and Dr. John Loxley, Department of Economics University and Dr. Emoke were each elected as a Fellow of the Royal Society of Canada. The University has continued to experience some further growth in student enrolment for the eighth consecutive year with undergraduate and graduate enrolments climbing to an all time record high of 25,983 FTE students, representing an overall growth in students of 2.2% over 2004-2005. Most all of the undergraduate increase is the result of higher intakes of international students as opposed to domestic students. International student enrolments increased to 2,661 students, which is almost triple the number from the 2001-2002 fiscal year and represents an increase of about 15.5% over 2004-2005. Although this growth translated into increased fee revenues which are an important source of funding for the University’s operation, the costs of educating international and domestic students continues to rise. In the absence of fee increases for domestic students to support the operation of the University, the quality of the student experience in the classroom will suffer. The key to a successful research program at any medical doctoral university is the ability to attract and retain quality graduate students. These students typically align themselves with academic staff who are conducting research in their area of interest, allowing for an inter-generational passing of knowledge as well as a strengthening of the knowledge base which is being created. Since 2001-2002, the number of graduate students at the University of Manitoba has increased by about 23.7%. Table 4, Selected Statistics provides information on undergraduate and graduate student enrolments by session, self-declared Aboriginal students by faculty/school as well as undergraduate student financial credit hours by session, degrees, diplomas and certificates conferred on our graduates, the general operating grant, the grant in lieu of the tuition fee rebate, tuition fee income and scholarships and bursaries paid in each of the past five years. A Growing Trust and Endowment Development and Advancement Services has continued to fund raise in support of the University’s strategic institutional priorities. In 2005-2006 the University’s generous donors made pledges and gifts totaling $23.4 million. The pie charts in Table 5 and 5.1, Donor Pledges 2005-2006 provides a summary of the pledges received by type of donor and the purpose for which the donor made the gift. The continued success of the University of Manitoba’s fund raising campaign is overwhelming evidence of the support for the University of Manitoba among its staff, students, alumni, the community and the Province. Gifts in support of student bursaries and scholarships topped the list with $7.2 million being raised, followed by faculty, school and college support at $6.2 million and capital project and equipment funding of $5.1 million. A very generous gift was made by Kristjan and Maryanne Thorkelson in the amount of $500,000 in support of the construction of the Apotex Centre, a new building which will house the Faculty of Pharmacy at the Bannatyne Campus. In total, the University of Manitoba’s trust and endowment funds have grown to $303.2 million at March 31, 2006. This growth is attributable to the generosity of donors, a prudent spending policy and an active Trust Investment Committee which sets asset allocation guidelines, hires professional investment managers and monitors performance to ensure that long term investment and fund objectives are being achieved. Four of the eleven members of the Committee are from the external community, bringing expertise from various backgrounds, and two of the four are seasoned investment professionals. Over the past year, the Committee has been very active, rigorously reviewing the asset allocation in the University Investment Trust (“UIT”), taking into consideration risk and projected returns on various asset classes that are available for investment. The University of Manitoba takes seriously its responsibility to donors to preserve the capital of its endowments for future generations, yet provide reasonable spending allocations annually in support of existing beneficiary units and students. In 2005-2006, spending allocations based on 4.5% of the three year average market value of the UIT units were made available to beneficiary units for various purposes and to students for scholarships, bursaries and awards, as stipulated by the original donor. In addition, unspent allocations from prior years were made available for spending and used to support various faculty initiatives as well as students. This translated into spending allocations of $11.5 million, of which $9.8 million was spent throughout the fiscal year. Access to education is facilitated with a strong scholarship, bursary and loan program so that students requiring financial assistance for their education have access to sources of funding for their tuition and living expenses. In this regard, students directly benefit from the success of fund raising; as of March 31, 2006, the market value of trust and endowments that are earmarked for scholarships, bursaries and loans was approximately $98.8 million. Endowments for student support will continue to build, providing sustained sources of funding for increased scholarships and bursaries. Donor pledges of $1.56 million will be received in future years and will continue to grow these student endowments. In 2005-2006 scholarships and bursaries totaling $12.1 million (2004-2005, $10.4 million) were paid to students to help defray the cost of their education. 11 Table of Contents Table 4 Selected Statistics 2005-2006 Regular Session Enrolment Total Students1,2 2004-2005 2003-2004 2002-2003 2001-2002 28,049 24,267 1.4 17,904 6,363 3,332 2.2 2,352 980 450 27,631 23,935 3.9 17,633 6,302 3,260 4.8 2,335 925 436 26,572 23,032 6.0 16,885 6,147 3,112 9.1 2,240 872 428 24,981 21,724 5.8 15,879 5,845 2,852 5.9 1,996 856 405 23,618 20,534 8.1 15,376 5,158 2,693 3.9 1,884 809 391 Summer Session Enrolment % Annual Change 11,127 7.7 10,328 3.8 9,951 4.8 9,493 5.4 9,009 9.6 Full-Time Equivalent Students1,3 25,983 2.2 25,420 4.2 24,402 6.5 22,907 4.5 21,930 7.0 International Students % Annual Change 2,661 15.5 2,304 34.1 1,718 39.4 1,232 26.5 974 17.9 Self-Declared Canadian Aboriginal Students4 1,647 1,605 1,401 929 794 10 9 18 229 34 177 83 60 12 87 8 15 9 17 4 159 8 17 103 224 358 6 8 6 16 194 34 215 87 58 12 42 12 22 7 7 12 199 38 194 68 59 9 23 5 20 - - 15 14 - - 162 9 20 98 222 362 11 141 8 15 86 197 292 7 - - 531,047 68,258 530,055 63,626 509,551 62,048 482,938 58,369 462,791 53,042 4,006 696 4,009 625 3,730 555 3,643 556 3,538 559 $207,168 $202,411 $198,248 $191,003 $187,425 •Undergraduate students % Annual Change Full-Time Part-Time •Graduate students % Annual Change Full-Time Part-Time •Post-Graduate Medical Education Students % Annual Change Agricultural & Food Sciences Architecture Art, School of Arts Business, Asper School of Continuing Education Education Engineering Environment, Earth, and Resources Graduate Studies Human Ecology Law Medical Rehabilitation Medicine Music Nursing Pharmacy Physical Education & Recreation Studies Science Social Work University 1 Others5 Financial Credit Hours Regular Session Summer Session Degrees, Diplomas, Certificates Conferred Undergraduate Graduate General Operating Grant (000's)6 Grant in Lieu of Tuition Fee Rebate (000's) $8,225 $8,005 $7,721 $7,208 $6,829 Tuition Income (000's) $96,462 $88,120 $83,517 $79,126 $73,713 Scholarships & Bursaries (000's) $12,113 $10,434 $9,430 $10,163 $10,109 1. As at November 1st. 2. Includes B.Sc.(Dentistry), B.Sc.(Medicine) and Joint Master's Program students. 3. Full-Time Equivalent Students = Full-time + (Part-time / 3.5). Includes both summer and regular session. 4. Aboriginal identity is self-declared on the Admission form. Because the self-declaration is voluntary, and because only a limited number of admission cycles have been completed, the numbers reported would be less than the total population of Canadian Aboriginal students on campus. 2003-2004 data has been restated based on increased efforts to improve on the collection of declaration data. Data for years prior to 2003-2004 are incomplete, and therefore faculty breakdowns are not comparable. 5. Faculties/Schools with less than three students are included in 'Others'. 6. Operating Grant excludes first claims and grant in lieu of tuition. 12 Table of Contents Table 5 Donor Pledges by Constituency 2005-2006 (Total $23.4M) Students & Parents $2.4 Manitoba Scholarship Bursary Initiative $2.1 Staff $0.5 Foundations & Organizations $3.0 Alumni & Friends $9.8 Corporations $5.6 Table 5.1 Donor Pledges by Type of Gift 2005-2006 (Total $23.4M) Libraries/Galleries/ Museums $0.6 Gifts in Kind $1.4 Research $1.2 Capital Funds/ Equipment $5.1 Student Support $7.2 Unrestricted/ Other Gifts/ President’s Fund $0.4 Chairs/ Professorships/ Lectureships $1.3 13 Faculty/Department/School College Support $6.2 Table of Contents The Campaign’s success will also facilitate the recruiting and retention of quality faculty and provide future operating support for faculties and schools. As of March 31, 2006, the market value of trust and endowments that are earmarked for chairs and professorships was approximately $22.6 million. In 2005-2006, a fundraising effort was launched to raise $3 million for a research chair in gastroenterology. Dr. John Bingham (M.D./1940) gave an extraordinary $1 million to create the Bingham Chair in Gastroenterology, which made significant progress towards the $3 million goal. Completing this $3 million endowment will enhance the ability of Manitoba to maintain one of the world’s leading gastroenterology programs at the University of Manitoba. Chair and professorship endowments will grow by a further $1 million over the next few years as pledges are collected from donors. As of March 31, 2006, the market value of trust and endowments that are earmarked for faculty, school and college endowments as well as other priorities was approximately $118.1 million and will grow by $10.5 million as pledges are collected from donors over the next few years. World Class Research Over the past number of years, research activity has grown significantly. In fiscal 2005-2006, $96.2 million in sponsored or assisted research support was received through research grants or contracts from the Federal and Provincial Governments as well as from various foundations, business, industry and individuals. This represents a further 5.6% increase in research funding over the previous year (2004-2005, $91.1 million). Over the past five years, sponsored or assisted research has increased by 52.6% from a level of $63.1 million in 2001-2002. The University is currently home to 43 Canada Research Chairs, is an active participant in 13 of the Federal Government’s 24 Networks of Centres of Excellence program, and serves as the headquarters of the ISIS Canada (Intelligent Sensing for Innovative Structures) Network of Centres of Excellence. In addition, 36 research centres, institutes and shared facilities foster collaborative research in a wide variety of fields, ranging from aging and earth observation science to health policy and transportation. The pie chart in Table 6, Research Fund - Expenses by Faculty or Support Unit is a pictorial representation of the level of research activity, as measured by the level of spending, in the Faculties and Schools in 2005-2006. The Faculty of Medicine engaged in the highest level of research at $46.2 million in 2005-2006, followed by the Faculty of Engineering at $10.1 million (including Intelligent Sensing for Innovative Structures), the Faculty of Agricultural and Food Sciences at $8.7 million and the Faculty of Science at $7.2 million. In total $94.4 million was spent on sponsored or assisted research activities at the University of Manitoba in 2005-2006. Table 6 Research Fund Expenses by Faculty or Support Unit 2005-2006 (Total $94.4 M) Administration $2.5 Pharmacy $1.3 Scholarships $5.5 Other $5.5 Agricultural & Food Sciences $8.7 Arts $2.7 Science $7.2 Environment, Earth and Resources $3.3 Medicine $46.2 Human Ecology $1.4 Engineering $10.1 In 2005-2006, the University of Manitoba’s international HIV/AIDS programs received significant new international funding support. In India, a new program aimed at preventing the spread of HIV along migration corridors between the states of Karnataka and Maharashtra received $6.8 million from the Bill & Melinda Gates Foundation, and in Kenya, 14 Table of Contents the University’s ongoing investigation of HIV resistance received a $9.5 million Grand Challenges in Global Health grant, supported by the Bill & Melinda Gates Foundation, the National Institutes of Health and the Canadian Institutes of Health Research. The University of Manitoba has also been very successful in competitions for Canada Foundation for Innovation (“CFI”) grant funding which is matched by contributions from the Manitoba Research Innovation Fund (“MRIF”) and industry partners. Success in competition for these funds is essential to the University’s ability to maintain a modern research infrastructure that is necessary to support a full range of important and innovative research programs. In 2005-2006, 14 faculty members received awards totaling $3.7 million from the New Opportunities Fund, which provides infrastructure support to newly recruited faculty members and assists the University in attracting world-class faculty and researchers. Funding from the CFI, MRIF and industry matching contributions, together with the corresponding expenditures, are reflected in the Capital Asset Fund. In 2005-2006 total contributions from these sources were $7.2 million. When combined with sponsored or assisted research funding of $96.2 million, University of Manitoba researchers received $103.4 million in funding in 2005-2006. Investment in Capital, Infrastructure and Technology In fiscal 2005-2006, the University of Manitoba invested $119.9 million in capital assets as follows: 1. 2. 3. 4. $78.9 million for the construction of buildings, infrastructure repairs and improvements and the acquisition of land; $20.9 million for the acquisition of furniture, equipment and vehicles; $10.7 million for computer equipment and technological improvements such as building cabling and administrative system renewals; and $9.4 million for library acquisitions and works of art. In addition, debt servicing costs of $9.6 million were paid, primarily relating to the Provincial Debt, the Arthur V. Mauro Student Residence, the Fort Garry Parkade and the Energy Performance Program. The receipt of debt proceeds from the Province of $75 million in 2004-2005, together with an additional $75 million just subsequent to this fiscal year end on April 3, 2006, $15 million in commitments from the MRIF and Western Economic Diversification (“WED”) as well as $101.3 million raised to the current fiscal year will continue to have a very positive effect on campus renewal over the next few years. Construction on the Engineering and Information Technology Complex began in 2003-2004 and continued with an additional $19.5 million being spent on the new facility in 2005-2006. Phase 1 of this building was opened in September 2005 and construction on Phase 2 continued with completion scheduled for the fall of 2006. This Complex will house the Faculty of Engineering and the Department of Computer Science and is being funded in part by COPSE Capital Campaign funding and private gifts. Debt proceeds received from the Province are being used to bridge finance the construction, as pledges are being received from contributors and donors over a period of years. Other large capital building projects that were undertaken in 2005-2006 include major renovations to the Wallace Building to house the Clayton H. Riddell Faculty of Environment, Earth, and Resources ($2.5 million), major renovations to the Faculty of Architecture’s Russell Building ($3.4 million) and the start of construction on the parkade at the Bannatyne Campus ($4.5 million). In addition, construction costs of $5.3 million were incurred on the National Centre for Livestock and the Environment at Glenlea Research Station. This project is being funded by CFI, the MRIF and industry contributions. Work was completed on numerous building upgrade and renovation projects such heating, ventilation and air conditioning at a cost of $1.3 million, fire and safety upgrades at a cost of $1.2 million, roof replacements of $1.1 million and cabling of $1.1 million. In addition, $2.2 million of asbestos abatement projects were undertaken. These projects were funded by COPSE capital grants and the Provincial Debt. The University is also in the midst of a period of major administrative system renewal with human resource, finance and student information systems in various stages of implementation. There are also a number of smaller systems that link into these main systems that are being renewed including pension, research grant information, libraries and private funding/alumni development, to name a few. The new human resource system (VIP) went live in 2005-2006 with the semi-monthly (academic) payroll and two bi-weekly payrolls for permanent support staff and hourly staff. On March 1, 2006, the purchasing module of the finance system (Aurora Finance) went live and on April 1, 2006 all of the remaining finance modules were successfully implemented. The new student system (Aurora Student) is in progress and various modules are scheduled to go live in the 2006-2007 fiscal year. All of these systems are integrated and in 2005-2006 a significant training effort was undertaken to bring departmental users on line. The Aurora systems make use of WEB 15 Table of Contents Table 7 Capital Fund Sources 2005-2006 (Total $86.2M) Western Economic Diversification $4.3 Other Province of Manitoba $4.8 Transfer from Other Funds $38.3 COPSE $16.1 CFI & MRIF $2.3 Contributions, Donations & Other $11.9 Debt Financing $8.5 Table 7.1 Capital Fund Expenditures 2005-2006 (Total $129.5M) Administrative Systems Renewal $2.8 Cabling $1.1 Infrastructure Renewal $7.5 Debt Servicing $9.6 Computers & Electronics $6.8 Library Holdings & Works of Art $9.4 Furniture, Equipment & Vehicles $20.9 Land, Buildings & Parking Lots $71.4 16 Table of Contents technology, improving access on and off site. In addition, the financial and non-financial data which is required for campus wide decision making is enhanced by these new systems, improving the delivery of services to students and staff. Capital costs incurred in the current fiscal year relating to these system implementations totalled $2.8 million. Noncapital costs, such as backfilling costs and overtime for project staff are included in the Operating Fund. Smartpark, the University’s research and technology park, continued to build its community of innovators through further expansion in 2005-2006. Construction of three buildings concluded this year, including the Richardson Centre for Functional Foods and Nutraceuticals and two other buildings, housing six tenants. Construction costs on the Richardson Centre totalled $13.9 million in 2005-2006, including built in research and pilot plant equipment. This building is a unique facility where researchers from different disciplines and their industry partners work together to develop functional foods and nutraceuticals, based on scientific evidence for their efficacy and safety. Research and pilot plant equipment was funded by the MRIF, WED and private gifts. Debt proceeds received from the Province are also being used to bridge finance the construction as pledges are received from contributors and donors over a period of years. The University’s total investment in Smartpark infrastructure and new buildings as of March 31, 2006 is $44.1 million, $16.8 million of which was funded by various grants from the Federal and Provincial governments. As a wholly owned subsidiary, the financial statements of Smartpark Development Corporation are consolidated with the University of Manitoba’s financial statements. These new capital building and infrastructure renewal projects demonstrate the University’s commitment to providing a high quality learning and research environment that meets the needs of students, faculty, staff and the community. The pie charts in Table 7, Capital Fund Sources and Capital Fund Expenditures 2005-2006 depict the sources of funding for capital assets and provide a more detailed breakdown of the $119.9 million in capital asset expenditures and debt servicing costs of $9.6 million. An Asset to Our Community In addition to its success at providing a quality university education to our students and conducting world class research with global implications, the University of Manitoba reaches out to the community in many other ways, through continuing education, collaborative efforts with business and industry and through the provision of specialized services not readily available locally. The University operates on two main campuses, Fort Garry and Bannatyne, with satellite teaching and research facilities at Glenlea Research Station, Carman and Delta Marsh, University of Manitoba Downtown and in 2005-2006, at the William Norrie Centre on Selkirk Avenue. In addition, Social Work, Medicine and Dentistry all offer programs onsite and through distance education delivery techniques in northern communities. Medicine provides health services through the Northern Medical Unit and Dentistry offers extensive dental services through the Centre for Community Oral Health, bringing health and dental care to remote Aboriginal communities. Smartpark continues to flourish, providing business and industry with opportunities to work collaboratively with researchers at the University of Manitoba. The University of Manitoba’s success in serving its mission in education, research and community service translates into major economic, social and cultural benefits for the people of Manitoba. Conclusion Increased investment in the University is the right choice for Manitoba and not only will result in sustaining the capacity of the University to support learning, innovation in research and community service but also ensure that Manitobans will prosper. The University acknowledges with gratitude the continuing support of the Province and the Council on Post-Secondary Education as well as the support of our students, staff, alumni, and community stakeholders. Respectfully submitted, Deborah J. McCallum, Vice-President (Administration), University of Manitoba. 17 18 Table of Contents STATEMENT OF MANAGEMENT RESPONSIBILITY FOR FINANCIAL REPORTING The University is responsible for the preparation of the consolidated financial statements and has prepared them in accordance with generally accepted accounting principles as set out by the Canadian Institute of Chartered Accountants (CICA). The University believes the consolidated financial statements present fairly the University’s consolidated financial position as at March 31, 2006 and the results of its operations for the year then ended. The University’s Board of Governors is responsible for overseeing the business affairs of the University and also has the responsibility to approve the consolidated financial statements. The Board has delegated certain responsibilities to its Audit Committee including the responsibility for reviewing the annual consolidated financial statements and meeting with management and the Auditor General of Manitoba on matters relating to the financial reporting. The Auditor General has full access to the Audit Committee with or without the presence of management. The Board has approved the consolidated financial statements. In fulfilling its responsibilities and recognizing the limits inherent in all systems, the University has developed and maintains a system of internal controls designed to provide reasonable assurance that University assets are safeguarded from loss and that accounting records are a reliable basis for the preparation of consolidated financial statements. The integrity of internal controls is reviewed on an ongoing basis by Audit Services and the Auditor General. The consolidated financial statements for the year ended March 31, 2006 have been reported on by the Auditor General of Manitoba, the auditor appointed under the University of Manitoba Act. The Auditor’s Report outlines the scope of his examination and provides his opinion on the fairness of presentation of the consolidated financial statements. Deborah J. McCallum, Vice-President (Administration). May 26, 2006 Winnipeg, Manitoba 19 Table of Contents 20 Table of Contents CONSOLIDATED FINANCIAL STATEMENTS University of Manitoba Consolidated Statement of Financial Position as at March 31 (in thousands of dollars) 2006 Assets 2005 Current Assets Cash Marketable Investments Accounts Receivable (Note 3) Inventories Prepaid Expenses $ 14,603 124,488 55,258 3,243 214 $ 13,385 157,733 71,198 3,168 151 197,806 245,635 295,480 558,021 263,597 471,558 853,501 735,155 Long Term Assets Investments (Note 4) Capital Assets, Net of Accumulated Amortization (Note 6) $ 1,051,307 $ 980,790 $ $ 42,762 4,288 9,109 4,183 321 3,001 Liabilities Current Liabilities Accounts Payable Unearned Revenue Staff Vacation Entitlements Bank Loans Current Portion of Capital Lease Obligations (Note 7) Current Portion of Long Term Debt (Note 8) 38,908 3,621 8,187 11,964 302 3,152 66,134 63,664 346 408 101,169 55,111 402 104,321 51,877 157,034 156,600 828,139 760,526 Long Term Liabilities Refundable Deposits Capital Lease Obligations (Note 7) Long Term Debt (Note 8) Employee Future Benefits (Note 9) Fund Balances $ 1,051,307 $ 980,790 Commitments and Contingencies (Note 14) Wayne R. Anderson - Chair Terry Sargeant - Vice-Chair (The accompanying Notes form an integral part of the Consolidated Financial Statements) 21 Table of Contents Consolidated Statement of Operations and Changes in Fund Balances for the years ended March 31 Consolidated (in thousands Statement of dollars) of Operations and Changes in Fund Balances for the years ended March 31 (in thousands of dollars) Revenue: Tuition and Related Fees Contributions, Donations, Non-Government Revenue: Grants Tuition and Income Related Fees Investment Contributions, Non-Government Miscellaneous Donations, Income Grants Government Grants: Investment Council onIncome Post-Secondary Education Miscellaneous Income Other Province of Manitoba Government Grants: Government of Canada Council on Post-Secondary Sales of Goods and Services Education Other Province Ancillary Servicesof Manitoba Government of Canada Sales of Goods and Services Ancillary Services Expense: Academic Libraries Expense: Student Affairs Academic Administration Libraries Plant Maintenance Student Affairs Support Other Academic Administration General Plant Maintenance Property Taxes Other Academic Support Prizes and Awards Scholarships, Bursaries, General on Bank Loans, Long Term Debt, Interest Property Taxes Capital Advances and Capital Lease Obligations Scholarships, Prizes and Awards Amortization ofBursaries, Capital Assets Interest Bank Loans, Long Term Debt, Ancillaryon Services Capital Advances and Capital Lease Obligations Staff Benefits Contra Amortization of Capital Assets Ancillary Services Staff Benefits Contra Net Revenue Inter-Fund Transfers (Note 11) General Funds (Note 2e) General Funds 2e) $(Note 96,462 $ 1,338 96,462 3,808 1,603 1,338 3,808 215,393 1,603 3,626 7,184 215,393 21,790 3,626 29,566 7,184 380,770 21,790 29,566 380,770 213,796 14,206 16,908 213,796 23,376 14,206 34,679 16,908 16,593 23,376 4,554 34,679 868 16,593 3,444 4,554 868 3,444 25,814 1,188 355,426 25,814 1,188 25,344 355,426 (34,028) Restricted Funds (Note 2f) Restricted Funds $(Note 2f) $ 67,821 16,767 2,452 67,821 16,767 16,055 2,452 22,519 62,150 16,055 22,519 62,150 187,764 187,764 104,270 126 715 104,270 2,527 1267 715 844 2,527 3,931 7 844 8,669 3,931 5,925 8,669 33,437 Endowment Fund (Note 2g) Endowment Fund $ (Note 2g) $ 14,956 14,956 14,956 14,956 5,925 33,437 160,451 27,313 160,451 30,554 14,956 3,474 2006 Total Funds 2006 Total $ Funds 96,462 $ 84,115 96,462 20,575 4,055 84,115 20,575 231,448 4,055 26,145 69,334 231,448 21,790 26,145 29,566 69,334 583,490 21,790 29,566 2005 Total Funds 2005 Total $ Funds 88,120 $ 583,490 318,066 14,332 17,623 318,066 25,903 14,332 34,686 17,623 17,437 25,903 8,485 34,686 868 17,437 12,113 8,485 868 5,925 12,113 33,437 25,814 5,925 1,188 33,437 515,877 25,814 1,188 67,613 515,877 Net (Decrease) Increase to Fund Balances (8,684) 57,867 18,430 67,613 Net Revenue 25,344 27,313 14,956 67,613 Fund Balances Beginning of the Year 5,509 646,119 108,898 760,526 Inter-Fund Transfers (Note 11) (34,028) 30,554 3,474 Fund Balances End of the Year $ (3,175) $ 703,986 $ 127,328 $ 828,139 Net (Decrease) Increase to Fund Balances (8,684) 57,867 18,430 67,613 Fund Balances Beginning of the Year 5,509 646,119 108,898 760,526 Unrestricted Funds $ (48,926) $ $ $ (48,926) Fund Balances EndFunds of the Year $ 45,751 (3,175) $ 703,986 $ 127,328 $ 828,139 Internally Restricted 45,348 91,099 Externally Restricted Funds 184,104 127,328 311,432 Unrestricted Funds Assets $ (48,926) $ 474,534 $ $ 474,534 (48,926) Invested in Capital Internally Restricted Funds 45,751 45,348 91,099 $ (3,175) $ 703,986 $ 127,328 $ 828,139 Externally Restricted Funds 184,104 127,328 311,432 Invested in Capital Assets 474,534 474,534 (The accompanying Notes form an integral part of the Consolidated Financial Statements) $ (3,175) $ 703,986 $ 127,328 $ 828,139 72,463 88,120 11,981 2,486 72,463 11,981 228,541 2,486 28,895 79,781 228,541 20,367 28,895 29,021 79,781 561,655 20,367 29,021 561,655 303,275 13,609 16,738 303,275 22,990 13,609 32,258 16,738 15,556 22,990 11,264 32,258 5,277 15,556 10,434 11,264 5,277 2,344 10,434 30,347 24,928 2,344 (31) 30,347 488,989 24,928 (31) 72,666 488,989 72,666 72,666 687,860 $ $ $ $ $ $ 760,526 72,666 687,860 (44,903) 760,526 81,341 287,868 (44,903) 436,220 81,341 760,526 287,868 436,220 760,526 (The accompanying Notes form an integral part of the Consolidated Financial Statements) Consolidated Statement of Operations and Changes in Fund Balances for the General Funds for the years ended March 31 Consolidated (in thousands Statement of dollars) of Operations and Changes in Fund Balances for the General Funds for the years ended March 31 (in thousands of dollars) Revenue: General Operating Fund General (Note 2e) 22 Operating Fund Specific Provisions Fund Specific (Note 2e) Provisions Fund Expenses Funded From Future Revenues Expenses (Note 2e) Funded From Future Revenues 2006 Total General 2006 Funds Total General 2005 Total General 2005 Funds Total General $ (3,175) $ 703,986 $ 127,328 $ 828,139 (The accompanying Notes form an integral part of the Consolidated Financial Statements) Consolidated Statement of Operations and Changes in Fund Balances for the General Funds for the years ended March 31 (in thousands of dollars) Consolidated Statement of Operations and Changes in Fund Balances for the General Funds for the years ended March 31 (in thousands of dollars) Revenue: Tuition and Related Fees Contributions, Donations, Non-Government Grants Revenue: Investment Income Tuition and Related Fees Miscellaneous Income Contributions, Donations, Non-Government Government Grants: Grants Council on Post-Secondary Education Investment Income Other Province of Manitoba Miscellaneous Government Income of Canada Government Grants: Sales of Goods and Services CouncilServices on Post-Secondary Education Ancillary Other Province of Manitoba Government of Canada Sales of Goods and Services Expense:Services Ancillary Academic Libraries Student Affairs Expense: Administration Academic Plant Maintenance Libraries Other Academic Support Student General Affairs Administration Property Taxes Plant Maintenance Scholarships, Bursaries, Prizes and Awards Other Academic Ancillary ServicesSupport General Staff Benefits Contra Property Taxes Scholarships, Bursaries, Prizes and Awards Ancillary Services Net Revenue Staff Benefits Contra Inter-Fund Transfers (Note 11) Net Increase (Decrease) to Fund Balances Fund Balances Beginning of the Year Net Revenue Inter-Fund Transfers Fund Balances End (Note of the11) Year Net Increase (Decrease) to Fund Balances Unrestricted Funds Fund Balances Beginning of the Year Internally Restricted Funds Fund Balances End of the Year General Operating Fund (Note 2e) General Operating $ Fund 96,462 (Note 2e) $ 1,338 3,808 96,462 1,603 Specific Provisions Fund (Note 2e) Specific Provisions $ Fund (Note 2e) $ 1,338 215,393 3,808 3,626 1,603 7,184 21,790 215,393 29,566 3,626 380,770 7,184 21,790 29,566 213,796 380,770 14,206 16,908 23,376 213,796 34,679 14,206 16,593 16,908 4,554 23,376 868 34,679 3,444 16,593 25,814 4,554 1,188 868 355,426 3,444 25,814 25,344 1,188 (25,048) 355,426 296 1,853 25,344 $ (25,048) 2,149 $ 296 2,149 1,853 $ $ Expenses Funded From Future Revenues (Note 2e) Expenses Funded From Future Revenues $ (Note 2e) $ 2006 Total General Funds 2006 Total $General 96,462 Funds 2005 Total General Funds 2005 Total $ General 88,120 Funds 1,338 3,808 96,462 1,603 879 2,353 88,120 1,097 $ (4,661) (4,319) (4,661) 50,412 (4,319) (46,756) $ (4,319) (51,075) $ (34,028) (3,175) $ (4,319) (51,075) (46,756) (8,684) (48,926) 5,509 45,751 (3,175) (3,175) (48,926) 45,751 (4,661) 50,412 45,751 45,751 45,751 $ $ 2,149 $ $ (51,075) $ $ 2,149 $ $ (51,075) $ Unrestricted Funds $ 2,149 $ $ (51,075) $ (The accompanying Notes form an integral part of the Consolidated Financial Statements) Internally Restricted Funds 45,751 $ 2,149 $ 45,751 $ (51,075) $ (3,175) (The of accompanying Notes form an integral part of the Consolidated Financial Statements) Consolidated Statement Operations and Changes in Fund Balances for the Restricted Funds for the years ended March 31 (in thousands of dollars) Consolidated Statement of Operations and Changes in Fund Balances for the Restricted Funds for the years ended March 31 Capital Research and Staff (in thousands of dollars) Asset Special Benefits Trust Revenue: Contributions, Donations, Non-Government Grants Investment Income Revenue: Miscellaneous Income Contributions, Donations, Non-Government Government Grants: Grants Council on Post-Secondary Education Investment Income Other Province of Manitoba Fund Fund (Note 2f) (Note 2f) Capital Research and Asset Special Fund Fund (Note 2f) (Note 2f) $ 10,807 $ 44,562 1,129 $ 23 10,807 16,055 1,129 5,413 $ 44,562 17,106 760,526 Table of Contents 1,338 215,393 3,808 3,626 1,603 7,184 21,790 215,393 29,566 3,626 380,770 7,184 21,790 29,566 213,796 380,770 14,206 16,908 23,376 213,796 34,679 14,206 16,593 16,908 4,554 23,376 868 34,679 3,444 16,593 25,814 4,554 1,188 868 355,426 3,444 25,814 25,344 1,188 (34,028) 355,426 (8,684) 5,509 25,344 (4,661) 45,751 $ $ 879 210,416 2,353 2,811 1,097 6,969 20,367 210,416 29,021 2,811 362,033 6,969 20,367 29,021 204,794 362,033 13,506 15,871 20,950 204,794 32,260 13,506 14,741 15,871 5,585 20,950 5,277 32,260 2,505 14,741 24,928 5,585 (31) 5,277 340,386 2,505 24,928 21,647 (31) (24,852) 340,386 (3,205) 8,714 21,647 $ $ $ $ $ $ (24,852) 5,509 (3,205) (44,903) 8,714 50,412 5,509 5,509 (44,903) 50,412 5,509 Fund (Note 2f) Staff Benefits Fund (Note 2f) $ 1,111 2,168 1,578 Trust Fund (Note 2f) $ 11,341 2006 Total Restricted Funds 2006 Total Restricted $ Funds 67,821 13,470 874 16,767 2,452 $ $ 1,111 2,168 Fund (Note 2f) 11,341 13,470 $ 67,821 16,055 16,767 22,519 2005 Total Restricted Funds 2005 Total Restricted $ Funds 60,896 9,628 1,389 $ 60,896 18,125 9,628 26,084 Table of Contents Consolidated Statement of Operations and Changes in Fund Balances for the Restricted Funds for the years ended March 31 Consolidated (in thousands Statement of dollars) of Operations and Changes in Fund Balances for the Restricted Funds for the years ended March 31 (in thousands of dollars) Revenue: Contributions, Donations, Non-Government Grants Revenue: Investment Income Contributions, Non-Government Miscellaneous Donations, Income Grants Government Grants: Investment Council onIncome Post-Secondary Education Miscellaneous Income Other Province of Manitoba Government Grants: Government of Canada Council on Post-Secondary Education Other Province of Manitoba Government of Canada Expense: Academic Libraries Expense: Student Affairs Academic Administration Libraries Plant Maintenance Student Affairs Support Other Academic Administration General Plant Maintenance Scholarships, Bursaries, Prizes and Awards Other Academic Interest on Bank Support Loans, Long Term Debt, General Capital Advances and Capital Lease Obligations Scholarships, Prizes and Awards Amortization ofBursaries, Capital Assets Interest on Bank Loans, Long Term Debt, Capital Advances and Capital Lease Obligations Amortization of Capital Assets Net Revenue Inter-Fund Transfers (Note 11) Capital Asset Fund Capital (Note 2f) Asset Fund (Note 2f) $ 10,807 1,129 $ 10,807 1,129 16,055 5,413 5,975 16,055 5,413 39,379 5,975 Research and Special Fund Research (Note 2f)and Special Fund (Note 2f) $ 44,562 Staff Benefits Fund Staff2f) (Note Benefits Fund (Note 2f) $ 1,111 2,168 1,578 $ 1,111 2,168 1,578 Trust Fund (Note 2f) Trust Fund (Note 2f) $ 11,341 13,470 874 $ 11,341 13,470 874 17,106 117,843 56,175 4,857 25,685 117,843 104,270 126 715 104,270 2,527 126 7 715 844 2,527 (7) 7 844 (7) 4,857 25,685 2,404 1,534 8,669 2,404 1,534 8,669 108,482 2,404 10,203 9,361 108,482 (7,145) 2,453 2,404 (957) 9,361 2,216 (7,145) 70,242 2,453 1,496 (957) 15,781 $ 44,562 17,106 56,175 39,379 5,925 33,437 5,925 39,362 33,437 17 39,362 38,297 17 38,314 38,297 436,220 Net Increase Revenue to Fund Balances Inter-Fund Transfers (Note 11) Fund Balances Beginning of the Year Net Increase to Fund Balances Fund Balances End of the Year Fund Balances Beginning of the Year $ Internally Restricted Funds Fund Balances End Funds of the Year Externally Restricted Invested in Capital Assets Internally Restricted Funds Externally Restricted Funds Invested in Capital Assets $ $ 38,314 474,534 436,220 2,216 72,458 70,242 $ 2006 Total Restricted 2006 Funds Total Restricted Funds $ 67,821 16,767 2,452 $ 67,821 16,767 16,055 2,452 22,519 62,150 16,055 22,519 187,764 62,150 187,764 104,270 126 715 104,270 2,527 126 7 715 844 2,527 3,931 7 8,669 844 3,931 5,925 8,669 33,437 188,934 98,481 103 867 98,481 2,040 103 (2) 867 815 2,040 5,679 (2) 7,929 815 5,679 2,344 7,929 30,347 15,482 10,203 359 5,925 160,451 33,437 27,313 160,451 30,554 2,344 148,603 30,347 40,331 148,603 22,620 15,482 15,841 359 123,876 27,313 57,867 30,554 646,119 40,331 62,951 22,620 583,168 $ 1,496 17,277 15,781 $ 15,841 139,717 123,876 $ 57,867 703,986 646,119 $ 62,951 646,119 583,168 45,348 703,986 184,104 474,534 45,348 184,104 703,986 474,534 $ $ 30,929 646,119 178,970 436,220 30,929 178,970 646,119 436,220 703,986 $ $ $ 72,458 72,458 $ $ 5,986 17,277 11,291 $ $ 39,362 139,717 100,355 $ $ $ $ 72,458 $ $ 5,986 11,291 17,277 $ $ 39,362 100,355 139,717 $ $ (The accompanying Notes form an integral part of the Consolidated Financial Statements) $ 474,534 $ 72,458 $ 17,277 $ 139,717 $ 474,534 474,534 $ $ 474,534 474,534 (The accompanying Notes form an integral part of the Consolidated Financial Statements) 24 2005 Total Restricted 2005 Funds Total Restricted Funds $ 60,896 9,628 1,389 $ 60,896 9,628 18,125 1,389 26,084 72,812 18,125 26,084 188,934 72,812 $ $ 646,119 Table of Contents Consolidated Statement of Cash Flows for the years ended March 31 (in thousands of dollars) Consolidated Statement of Cash Flows for thefrom years ended March 31 Cash Operating Activities: (in thousands of dollars) Excess of Revenue over Expense Amortization of Capital Assets Cash is defined as: $ 2006 67,613 Total 33,437 Funds 101,050 10,359 3,234 72,666 $ 2005 Total 30,347 Funds 103,013 (6,065) 1,787 14,956 $ 114,643 67,613 33,437 $ $ 25,344 General Funds 25,344 23,786 3,564 $ 27,313 Restricted 33,437 Funds 60,750 (13,427) (330) $ 52,694 25,344 $ 46,993 27,313 33,437 $ 14,956 60,750 (13,427) (13,453) (330) 52,694 46,993 (119,900) 14,956 114,643 (119,900) 103,013 (6,065) (18,817) 1,787 200 98,735 (92,531) (133,353) (18,430) (151,783) (111,148) (13,453) (18,430) (31,883) (18,817) 200 (92,531) 555 (111,148) 76,150 4,326 (388) (143) (7,146) 555 73,354 76,150 4,326 60,941 (388) (143) 110,177 (7,146) $ 171,118 73,354 (18,430) 346 (119,900) 388 (133,353) 8,100 (401) (319) 346 (3,001) 388 5,113 52,694 (34,028) 50,956 $ $ $ $ 69,622 52,694 (34,028) 6,746 50,956 62,876 69,622 69,622 8,100 (81,247) (401) 30,554 (319) 120,162 (3,001) $ 69,469 5,113 (81,247) 30,554 $ 120,162 7,857 61,612 $ 69,469 $ 69,469 101,050 10,359 (31,883) 3,234 98,735 72,666 30,347 25,344 23,786 3,564 Net Cash Used in Investing Activities Investing Activities: CashIncrease is defined as: Net (Decrease) in Cash Inter-Fund Adjustments Cash Cash Beginning of Year Marketable Investments Cash End of Year $ 14,956 Endowment Fund 14,956 Endowment Fund Net Change in Non-Cash Working Capital Items Increase in Long Term Investments Net Change in Employee Future Benefits Change in Loan Receivable Net Cash Generated through Operating Activities Purchase of Capital Assets Financing Activities: Increase in Long Term Investments Change in Loan Receivable Proceeds from Refundable Deposits Purchase of Capital Assets Proceeds from Capital Lease Obligations Net Cash Used in Investing Activities Proceeds from Long Term Debt Proceeds from Bank Loans Financing Activities:on Capital Lease Obligations Principal Repayment Principal Repayment on Bank Loans Proceeds from Refundable Deposits Principal Repayment on Long Term Debt Proceeds from Capital Lease Obligations Net Cash Generated in Financing Activities Proceeds from Long Term Debt Proceeds from Bank Loans Net Increase (Decrease) in Cash Principal Repayment on Capital Lease Obligations Inter-Fund Adjustments Principal Repayment on Bank Loans Cash Beginning of Year Principal Repayment on Long Term Debt Cash End of Year Net Cash Generated in Financing Activities 2005 Total Funds Restricted Funds Net Change in Non-Cash Working Capital Items Cash from Operating Activities: Net Change in Employee Future Benefits Net Cash through Operating Activities Excess of Generated Revenue over Expense Amortization of Capital Assets Investing Activities: 2006 Total Funds General Funds 346 (119,900) 388 (151,783) 8,100 (401) (319) 346 (3,001) 388 5,113 (18,430) (3,474) 3,474 $ $ (3,474) 3,474 $ $ 8,100 (32,027) (401) (319) 171,118 (3,001) $ 139,091 5,113 (32,027) 60,941 $ 171,118 14,603 124,488 $ 139,091 $ 139,091 13,385 $ 110,177 157,733 $ 171,118 $ 171,118 $ (The accompanying Notes form an integral part of the Consolidated Financial Statements) Cash Marketable Investments $ 6,746 62,876 $ 7,857 61,612 $ $ $ 69,622 $ 69,469 $ $ 139,091 (The accompanying Notes form an integral part of the Consolidated Financial Statements) 25 14,603 124,488 13,385 157,733 $ 171,118 Table of Contents NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (in thousands of dollars) 1. AUTHORITY AND PURPOSE The University of Manitoba was established in 1877. It is governed by a Board of Governors acting under the authority of The University of Manitoba Act, R.S.M. 1987, c. U60. The University of Manitoba is a registered charity and is exempt from income taxes under Section 149 of the Income Tax Act. The University of Manitoba, as the largest and most comprehensive institution of higher learning in Manitoba, plays a distinctive role within the Province. In addition to offering an undergraduate liberal education in arts, science and education, the University of Manitoba provides programs in a broad range of professional studies, applied sciences and the fine and performing arts and is responsible for the vast majority of graduate education and research in Manitoba. The University of Manitoba reaches out to a variety of constituencies in order to enhance the health, cultural, social and economic life of Manitobans and to provide lifelong learning opportunities for them. Through community service the University makes its expertise available to all Manitobans. 2. SIGNIFICANT ACCOUNTING POLICIES a. General These consolidated financial statements have been prepared in accordance with generally accepted accounting principles as recommended by the Canadian Institute of Chartered Accountants (“CICA”) for not-for-profit organizations. The University has adopted the restricted fund method of accounting for contributions. b. Basis of Consolidation The consolidated financial statements include the accounts of Smartpark Development Corporation, a wholly owned subsidiary of the University of Manitoba. The company has a March 31 year end and its purpose is to market and promote the development of a research park at the University of Manitoba. c. Fund Accounting The University classifies resources used for various purposes into separate Funds which correspond to its major activities and objectives. The Consolidated Statement of Financial Position combines the assets and liabilities of all Funds. The University maintains its Funds under three fund categories, General, Restricted and Endowment Funds. The General Funds include the Funds for General Operating, Specific Provisions and Expenses Funded from Future Revenues. The Restricted Funds include the Capital Asset, Research and Special, Staff Benefits and Trust Funds. The Endowment Fund includes endowment funds of the University. d. Accounting Estimates Accounting estimates are included in financial statements to approximate the effect of past revenue or expense transactions or events, or to approximate the present status of an asset or liability. Examples include accruals for property taxes not yet assessed and the estimated useful life of an asset. It is possible that changes in future conditions could require changes in the recognized amounts for accounting estimates. e. General Funds General Operating Fund: The General Operating Fund includes the academic, administrative, operational and ancillary costs that are funded by tuition and related fees, government grants, investment and miscellaneous income, sales of goods and services to external parties and ancillary income. As such, this Fund reports unrestricted resources and restricted resources earmarked for general operating purposes. All funds received or accrued by the University for general operating purposes and for equipment and renovation expenses not meeting the University’s capitalization criteria are included in the General Operating Fund. The net cost of operating units is determined by including internal cost allocations for certain centrally administered services such as the telephone system in the units’ expenses and by deducting these expenses as internal cost recoveries from the total expenses incurred by the unit administering these services. The University Book Store, Parking, Student Residences and Pharmacy/Post Office are classified as Ancillary Services and are budgeted on a break-even basis. Any surpluses or deficits are unrestricted and are maintained within the General Operating Fund. Overhead costs have been allocated to all ancillary operations. The replacement or improvement of capital assets for these ancillaries is funded by an annual appropriation to the Specific Provisions Fund. Amortization of ancillary capital assets and interest expense is recorded in the Capital Asset Fund. 26 Table of Contents (in thousands of dollars) Academic and administrative units also generate revenues through the sale of goods and services to individuals, companies and organizations external to the University. The revenues earned are unrestricted resources and are reflected in the General Operating Fund. Specific Provisions Fund: The Specific Provisions Fund records appropriations made from (to) the General Operating, Capital Asset and Research and Special Funds. These appropriations are made to provide future funding for the replacement, improvement or emergency maintenance of capital assets, or other matters, including a fiscal stabilization provision to offset potential spending in excess of future budgets. Such appropriations are shown as inter-fund transfers on the Consolidated Statement of Operations and Changes in Fund Balances. Expenses Funded From Future Revenues: Expenses Funded from Future Revenues records the amount of unpaid vacation pay for permanent non-academic staff which will be funded from future revenues. It also records the actuarially determined expense for employee future benefits. f. Restricted Funds Capital Asset Fund: The Capital Asset Fund consists of restricted contributions resulting from capital asset co-funding arrangements with external parties, contributed capital assets, sinking fund investment income and government grants, restricted for the purpose of acquiring capital assets and retiring capital advances. Expenses include interest on debt relating to the acquisition or construction of capital assets, amortization and gains or losses on disposal of capital assets, including write-downs resulting from obsolescence. Research and Special Fund: The Research and Special Fund consists of contributions specifically restricted for research or other special activities. Contributions are provided from both federal and provincial granting agencies and other public and private sources. These funds are spent in accordance with the conditions stipulated in the governing contracts and agreements. Staff Benefits Fund: The Staff Benefits Fund is divided into Fund Accounts for Pension Reserve, Self-Insured Plans and Benefit Reserve, the revenues of which are restricted for the purposes noted. (i) Pension Reserve: This Fund Account is restricted for special payments towards any unfunded liability of The University of Manitoba Pension Plan (1970) and the University of Manitoba Pension Plan (1993) and other pension obligations. (ii) Self-Insured Plans: This Fund Account records the assets and liabilities for two self-insured benefit plans, the Long Term Disability Income Plan and the Dental Plan. The Long Term Disability Income Plan is used for long term disability payments arising on and after June 1, 1981 for eligible staff. The Plan contains two funds, one for the payment of Basic Benefits and another for the payment of Cost-of-Living Benefits. The Dental Plan is administered by a contracted third party. Surplus funds are held for the purpose of covering deficits which may occur in this self-insured plan. (iii) Benefit Reserve: This Fund Account is used for the support of current and future staff benefit programs. Experience refunds related to the group insurance plans are credited to this Fund Account. Employment Insurance premium savings resulting from the extended sick leave coverage provided by the University are also credited to this Fund Account. Trust Fund: The Trust Fund records gifts and bequests received which may be used in their entirety along with net investment income earned on these funds, according to donor restrictions. The majority of these funds are used for scholarships, bursaries, awards, loans, and other scholarly activities. g. Endowment Fund The Endowment Fund records gifts and bequests received with the stipulation that these funds be invested in perpetuity and the income earned be utilized for designated purposes. In certain cases, the donor requires that a portion of the current investment income also be capitalized. As such, these funds are added to the capital account of the endowment. 27 Table of Contents (in thousands of dollars) h. Revenue Recognition Restricted contributions relating to general operations are recognized as revenue of the General Operating Fund in the year in which the related expenses are incurred. All other restricted contributions are recognized as revenue of the appropriate restricted Fund when received or receivable, if the amount to be received can be reasonably estimated and collection is reasonably assured. Unrestricted contributions, including sales of goods and services and ancillary revenues, are recognized as revenue of the General Operating Fund in the year received or receivable, if the amount to be received can be reasonably estimated and collection is reasonably assured. Contributions for endowment purposes are recognized as revenue in the Endowment Fund in the year received. Investment income earned on endowments is recorded in the appropriate Fund depending on the restrictions imposed by the original donor. Investment income earned on temporary surplus funds is recorded in the appropriate Fund depending on the restrictions imposed. Investment income on unrestricted surplus funds is recorded as unrestricted income in the General Operating Fund. i. Contributed Materials and Services Gifts-in-kind are recorded in the consolidated financial statements to the extent that they are eligible for an official donation receipt, since this results in the capture of the information in the University’s financial records. Because of the difficulty involved in tracking and recording contributed services, however, the market value of these services are not recognized in the consolidated financial statements. Contributed services include activities such as membership on the University’s Board of Governors and its various committees, lecturing services and volunteer services at fund raising or sporting events all of which are performed by staff, students and the community at no charge to the University. These services, although not recognized in the consolidated financial statements, are critical to the successful functioning of the University. j. Investments All investments are recorded at cost. All investment income is recorded on an accrual basis. Realized gains on sales of investments are recognized in the year of disposal. Losses are recognized in the year of disposal or when there is a loss in value of the investment that is deemed to be other than temporary. Temporary surplus cash is invested in the short term money market. Trust and endowment funds are invested in either the University Investment Trust (“UIT”) or the Specific Trusts. The UIT is pooled for investment purposes. Within the UIT, individual capital accounts are unitized to facilitate the equitable distribution of income based on the number of units. A new market value per unit is determined monthly. Capital contributions and withdrawals are based on the current market value per unit. Trust and endowment funds held in the UIT are invested in fixed income securities and in the equity markets. These investments are professionally managed and held in the custody of independent companies. The Specific Trust funds are not pooled and are invested in the short term money market and fixed income securities. Staff benefits funds are invested in pooled funds in the fixed income securities and equity markets. These investments are professionally managed and held in the custody of an independent company. k. Pledges Receivable The University does not record pledges receivable in its consolidated financial statements. Revenue from gifts, bequests and donations is recognized on a cash basis because of the uncertainty surrounding collection and in some instances because of the difficulty in determining the valuation of pledges receivable. The University recognizes gifts and donations to be received through the University of Manitoba Foundation U.S.A. Inc. only when the Board of Directors of the Foundation have formalized the transfer with a resolution, collectibility is reasonably assured and the valuation of these gifts and donations can be reasonably determined. l. Inventories Inventories have been valued at the lower of cost and net realizable value. m. Capital Assets Purchased capital assets are recorded at cost. Capital assets which are constructed by the University are recorded as Construction in Progress until the capital asset is put into use. Contributed capital assets are recorded at market 28 Table of Contents (in thousands of dollars) value at the date of contribution. Intangibles such as patents and copyrights are recorded at a nominal amount of one dollar in the year the patent or copyright is obtained. Amortization is provided on a straight-line basis over the assets’ estimated useful lives as follows: Buildings and Major Renovations Computer Hardware, Software and Electronics Furniture and Equipment Library Books Parking Lots Vehicles 15-50 years 5-10 years 10 years 10 years 20 years 5 years Equipment acquired under a capital lease is amortized over the term of the lease. Works of art, treasures, rare books and manuscripts are not amortized. n. Collections The University holds a number of collections which have been donated to its libraries, faculties and schools over the years. The library, faculty or school receiving the donation assumes responsibility for safeguarding and preserving the collection. The University seldom, if ever, disposes of its collections or of individual pieces in its collections and therefore does not have a formal policy with respect to the use of proceeds of disposal. However, the University abides by all restrictions placed by donors at the time a donation is received, which may include restrictions imposed relating to the sale of a collection or items contained therein. The University’s policy with regard to its collections is to fund maintenance expenses from the General Operating Fund, if monies are not available for such purposes in a Restricted Fund. The cost of maintenance is not tracked and is therefore not determinable. o. Pension Costs The cost of pension benefits earned by employees who are members of the University of Manitoba Pension Plan (1970) or the University of Manitoba Pension Plan (1993) is determined actuarially using the projected unit credit actuarial cost method and management’s best estimate of expected plan investment performance, salary escalation and retirement ages of employees. Pension costs for The University of Manitoba GFT Pension Plan (1986) are based on the contributions required of the University by that Plan. p. Financial Instruments The financial instruments at the University consist of cash, marketable investments, accounts receivable, long term investments, accounts payable, refundable deposits, capital lease obligations and long term debt. Unless otherwise noted, it is management’s opinion that the University is not exposed to significant interest, currency, market or credit risks arising from these financial instruments. The fair values of these instruments approximate their carrying values, unless otherwise disclosed. q. Employee Future Benefits The University accrues its obligations for employee future benefit plans relating to health, dental, long term disability and group life insurance. The cost of non-pension post-retirement and post-employment benefits earned by employees is actuarially determined using the projected benefit method pro-rated on service and management’s best estimates for the discount rate for liabilities, the expected rate of return on assets, retirement ages and expected future health care cost trends. The University also accrues its obligations relating to post-retirement adjustments to pensions for specifically entitled employees who retired prior to 1993. The cost of such post-retirement pension adjustments is also determined using the projected benefit method and management’s best estimate for the discount rate for liabilities and the expected rate of return on assets. Any increase in such adjustments is recognized in the year that it occurs. The expected return on assets is based on the book value of assets supporting the long term disability income plan and the post-retirement adjustment fund. Actuarial gains or losses are recognized in the year the gain or loss arises. r. Foreign Currency Translation Monetary assets and liabilities denominated in foreign currencies are translated at the year end exchange rate. Revenues and expenses are translated at exchange rates on the transaction dates. Gains or losses arising from these translations are included in earnings. 29 Table of Contents (in thousands of dollars) s. Interest Rate Swaps An interest rate swap is a derivative financial contract between two parties who agree to exchange fixed rate interest payments for floating rate payments on a predetermined notional amount and term. From time to time, the University enters into interest swap agreements in order to manage the interest rate exposure associated with certain debt obligations. Because long term swap agreements effectively and completely hedge the underlying short term debt obligations, the University reflects the obligations as long term debt in the financial statements. 3. ACCOUNTS RECEIVABLE 2006 Council on Post-Secondary Education General Research and Special 2005 $ 156 34,185 20,917 $ 55,258 $ 1,160 39,950 30,088 $ 71,198 4. INVESTMENTS The fair values and book values of investments as at March 31 are: 2006 Fair Value Operating University of Manitoba Research Ltd. $ Research and Special Funds Guaranteed Investment Certificate Trust & Endowment Bankers Acceptances, Guaranteed Investment Certificates and Cash Bonds and Other Fixed Income Securities: Government of Canada Province of Manitoba Other Provincial Municipal Corporate Other Equities: Canadian Equities US Equities International Equities Capital* Bankers Acceptances, Guaranteed Investment Certificates and Cash Province of Manitoba Bonds Staff Benefits Money Market Funds and Cash Bonds Equities: Canadian Equities US Equities International Equities Mortgage Fund Total Investments 93 2006 Book Value $ 93 2005 Book Value $ 93 346 346 _________ 31,232 31,232 18,975 29,854 4,131 7,308 3,540 25,493 6,231 76,557 29,416 4,018 6,769 3,318 25,142 6,211 74,874 24,957 3,854 5,906 2,575 21,695 5,761 64,748 88,989 51,978 54,446 195,413 55,956 52,340 47,286 155,582 54,467 46,966 46,264 147,697 303,202 261,688 231,420 206 1,909 2,115 206 1,970 2,176 103 1,970 2,073 422 12,256 422 11,619 465 10,302 8,865 5,469 5,569 19,903 5,423 5,631 4,669 15,723 6,001 5,384 4,835 16,220 3,507 36,088 3,413 31,177 3,024 30,011 $ 341,844 $ 295,480 $ 263,597 *Represents Sinking Fund Assets on Deposit with the Province of Manitoba, which are held to retire the Capital Advances as described in Note 8. 30 Table of Contents (in thousands of dollars) 5. ECONOMIC INTEREST IN RELATED ENTITIES The University of Manitoba Foundation U.S.A. Inc. The University has an economic interest in the University of Manitoba Foundation U.S.A. Inc. (“the Foundation”) which is an Illinois Not-For-Profit Corporation incorporated in December 1989. The Foundation’s purpose is exclusively charitable, literary, scientific and educational and its activities include the promotion, encouragement, aid and advancement of higher education, research and training in the Province of Manitoba, in Canada and elsewhere. The Foundation is exempt from U.S.A. Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code. The Board of Directors of the Foundation is an independent board whose members direct and guide the Foundation’s actions. Members on the Board include, among others, certain senior staff of the University of Manitoba. The University of Manitoba, however, is one of many universities eligible to receive aid from the Foundation. The University must make application to the Foundation’s Board of Directors to request funds, which may or may not be granted. The University’s economic interest therefore is beneficial, as gifts and donations which are solicited by the Foundation may be transferred to the University of Manitoba from time to time. 6. CAPITAL ASSETS, NET OF ACCUMULATED AMORTIZATION 2006 Accumulated Amortization Cost Assets Under Capital Lease Buildings and Major Renovations Computer Hardware, Software and Electronics Construction in Progress Furniture and Equipment Land Library Books Parking Lots Rare Books and Manuscripts Vehicles Works of Art Less Accumulated Amortization Net Book Value $ 3,539 495,356 86,411 29,790 139,850 11,249 126,962 3,187 4,278 6,073 1,429 908,124 350,103 $ 2,849 119,083 57,353 77,190 88,038 483 5,107 _________ 350,103 $ 558,021 Cost $ 3,320 386,220 81,618 60,390 121,560 10,335 118,532 2,668 3,830 5,676 1,151 795,300 323,742 2005 Accumulated Amortization $ 2,650 109,758 54,309 70,017 81,891 336 4,781 _________ 323,742 $ 471,558 7. CAPITAL LEASE OBLIGATIONS Minimum lease payments which include principal and interest under the capital lease obligations are as follows: 2007 2008 2009 2010 Total Minimum Lease Payments $ Less: Interest at 5.03% 325 212 141 71 749 (39) 710 Less: Current Portion (302) $ 31 408 Table of Contents (in thousands of dollars) 8. LONG TERM DEBT 2006 Province of Manitoba: Promissory Note, 5.23% due March 1, 2035 $ 73,939 Capital Advances: 5 7/8% due May 20, 2007 7 1/8% due July 27, 2008 6 7/8% due December 15, 2009 6 7/8% due March 31, 2011 Term Loans: *Smartpark Multi Tenant Facility, 6.05% due October 31, 2012 *Smartpark Multi Tenant Facility, 5.95% due January 22, 2014 Bankers Acceptances with Interest Rate Swaps: Arthur V. Mauro Student Residence, 5.92% due September 5, 2028 Energy Performance Program, 4.31% due November 10, 2009 Less Current Portion: Promissory Note Term Loans Bankers Acceptances 2005 $ 75,000 482 706 257 555 2,000 482 706 257 555 2,000 1,404 4,350 5,754 1,435 4,350 5,785 16,211 6,417 22,628 16,541 7,996 24,537 104,321 107,322 (1,118) (33) (2,001) (3,152) $ 101,169 (1,061) (31) (1,909) (3,001) $ 104,321 *Represents debt of Smartpark Development Corporation. The University entered into an interest rate swap agreement whereby the University has fixed a swap rate of 5.92% on a 25 year loan for the Arthur V. Mauro Student Residence. The stamping fee is committed until September 1, 2013. Under the terms of the agreement, the University is required to make monthly principal and interest repayments similar to a conventional amortizing loan. The notional principal underlying this swap agreement amounted to $16,211 as at March 31, 2006 (2005, $16,541). The University entered into an interest rate swap agreement whereby the University has fixed a swap rate of 4.31% on the Energy Performance Program loan. Under the terms of this agreement, the University is also required to make monthly principal and interest payments. The notional principal underlying this agreement amounted to $6,417 as at March 31, 2006 (2005, $7,996). The stamping fee is committed until November 10, 2006. The University’s exposure to interest rate risk is managed through the use of these swap agreements. Principal repayments on long term debt payable over the next five years are as follows: Promissory Note 2007 2008 2009 2010 2011 Thereafter Capital Advances Term Loans $ 1,118 1,178 1,241 1,308 1,378 67,716 $ 482 706 257 555 _______ $ 33 35 37 39 42 5,568 $ 73,939 $ 2,000 $ 5,754 32 Bankers Acceptances $ 2,001 2,094 2,195 1,665 445 14,228 $ 22,628 Total $ 3,152 3,789 4,179 3,269 2,420 87,512 $ 104,321 Table of Contents (in thousands of dollars) 9. EMPLOYEE FUTURE BENEFITS The University of Manitoba provides certain health, dental and group life benefits for its retired employees and long term disability benefits for current employees. Post-retirement pension benefits are also provided for specifically entitled retirees. Health, dental and group life benefits are provided to employees who retired prior to July 1, 2004 on a non-contributory basis. The group life benefits are indexed post-retirement. For eligible employees retiring on or after July 1, 2004, no group life benefit is available, and employees share in the cost of the health and dental benefits. The long term disability income benefit is provided on a contributory basis. Post-retirement pension benefits are provided to specifically entitled employees who retired prior to 1993. The adjustments for a year are determined as the lesser of the amounts that can be provided by a weighted average percentage salary increase at the University, or the excess interest approach provided under the University of Manitoba Pension Plan (1993). One hundred percent of the adjustments are paid by the University (50% from the General Operating Fund and 50% from the Staff Benefits Fund). The University measures the book value of assets and the accrued benefit obligations for the non-pension and postretirement pension adjustments as of March 31. The most recent actuarial valuations were as of March 31, 2004 with the next valuations due as of March 31, 2007. The Accrued Benefit Obligation for the non-pension benefit plans and the post-retirement adjustments are reported in the University’s Consolidated Statement of Financial Position under Long Term Liabilities. Information about the University’s defined benefit plans as at March 31 is as follows: Non-Pension Benefit Plans 2006 2005 Benefit Cost Accrued Benefit Obligation Plan Assets Employer Contribution Employees’ Contributions Benefits Paid $ 5,970 48,995 17,463 2,903 991 3,894 $ Post-Retirement Adjustments 2006 2005 4,619 45,410 16,945 2,769 947 3,716 $ 362 6,116 1,609 437 871 $ 560 6,467 1,540 461 922 Plan assets consist of: Non-Pension Benefit Plans 2006 2005 Equities Fixed Income Other Total 46% 35% 11% 92% Post-Retirement Adjustments 2006 2005 50% 32% 10% 92% 4% 3% 1% 8% 33 4% 3% 1% 8% Total 2006 $ 6,332 55,111 19,072 3,340 991 4,765 2005 $ 5,179 51,877 18,485 3,230 947 4,638 Table of Contents (in thousands of dollars) Key Assumptions are: Non-Pension Benefit Plans 2006 2005 Post-Retirement Adjustments 2006 2005 Accrued benefit obligation at March 31: Discount rate 5.00% 5.75% 5.00% 5.75% Benefit Cost for year ended March 31: Discount rate Expected rate of return on assets 5.75% 5.75% 5.75% 5.75% 6.25% 6.25% 5.75% 5.75% Health Care Cost Trend Rates at March 31: Initial rate Ultimate rate Year ultimate rate reached 8.00% 5.00% 2014 8.00% 5.00% 2014 Dental Care Cost Trend Rates at March 31: Initial rate Ultimate rate Year ultimate rate reached 4.25% 4.25% 2009 6.00% 4.00% 2009 10. INTER-FUND ADVANCES AND LOANS Inter-Fund advances and loans at March 31 are as follows: 2006 General Operating Fund: Due to Trust Due from (to) Capital Asset 2005 $ (6,644) (14,970) $ ( 21,614) $ (153) 530 $ 377 Capital Asset Fund: Due from (to) Operating $ 14,970 $ (530) Trust Fund: Due from Operating $ $ 6,644 153 11. INTER-FUND TRANSFERS Inter-Fund transfers at March 31 are as follows: Employee Future Benefits Net Change in Vacation Pay Liability Benefit Premiums Net of Employer Contributions for Staff Benefits Appropriations for Specific Provisions: Capital Asset Replacements & Improvements Fiscal Stabilization, Net Unit Carryovers, Special Projects & Initiatives Funding of Capital Asset Additions Long Term Debt Repayments Student Contributions to University Development Funds Student Contributions for Technology Scholarships, Bursaries & Prizes Other Net Transfers Overhead Recoveries Funding of General Operating Expenses Unit Capital Development Assessment Funding of Research Projects March 31, 2006 March 31, 2005 General Operating $ 3,234 755 Expenses Specific Funded From Capital Provisions Future Revenues Asset $ $ (3,564) $ (755) Research and Special $ Staff Benefits $ 330 1,287 Trust Fund $ Endowment Fund $ (1,287 ) (2,261) 90 2,261 (90) (4,875) (23,667) (4,327) 4,875 (1,305) (3,045) (1,253) (3,626) (1,079) (22) 1,539 30,780 8,731 (5,808) (21) (1,338 ) 84 117 3,626 1,251 (2,147 ) (180) 327 (572) (1,539) 12,640 (7,177) (1,625 ) (3,483) ____________ __________ _______ $ (25,048) $ (4,661) $ (4,319) $ 38,297 795____ $ (7,145) $ $ (21,594) $ (5,106) $ (1,021) $ (2,237) $ 34,235 34 1,052 8 2,414 (957 ) (3,838 ) 3,483 (795 ) $ 359 _______ $ 3,474 $ (1,686) $ (4,823) $ 2,232 Table of Contents (in thousands of dollars) 12. CONTRIBUTED CAPITAL ASSETS Contributions recognized in the Capital Asset Fund include contributed building, capital equipment and library books of $3,705 (2005, $887). 13. PENSION PLANS The University of Manitoba administers the University of Manitoba Pension Plan (1970), The University of Manitoba GFT Pension Plan (1986) and The University of Manitoba Pension Plan (1993). These are trusteed pension plans. The Trustees are responsible for the custody of the Plans’ assets and issuance of annual financial statements, which do not form part of the University’s financial statements. The University of Manitoba Pension Plan (1970) and University of Manitoba Pension Plan (1993) are both money purchase plans with a defined benefit minimum. The funding for the plans requires a matching contribution from the University and the employees. The surplus from the Plans and the matching contribution is adequate to fund the Plan and the current level of funding satisfies the requirements of the Manitoba Pensions Benefit Act. The actuarial present value of accrued pension benefits has been determined using the projected unit credit actuarial cost method, and assumptions developed by reference to expected long term market conditions. An actuarial valuation effective December 31, 2003 was completed in 2004 by Eckler Partners Ltd., a firm of consulting actuaries. The results of this valuation have been extrapolated by Eckler Partners Ltd. to December 31, 2005. As at December 31, 2005, the University of Manitoba Pension Plan (1970) and The University of Manitoba Pension Plan (1993) were in an actuarial surplus of $773 (2004, $871) and $6,421 (2004, $7,994), respectively. The University cannot access this surplus and as a result, no asset has been recorded. The actuarial present value of benefits as at December 31 and the principal components of changes in actuarial present values during the year, were as follows: 2005 2004 1993 Plan 1970 Plan 1993 Plan 1970 Plan Actuarial present value of accrued pension benefits at beginning of year Interest accrued on benefits Benefits accrued Benefits paid Actuarial gain $ 769,174 44,425 28,526 (46,822 ) 334 $ 15,730 923 1,434 (723 ) ________ $ 740,159 42,577 26,053 (39,913 ) 298 $ 16,356 883 1,536 (3,045) ________ Actuarial present value of accrued pension benefits at end of year $ 795,637 $ 17,364 $ 769,174 $ 15,730 The significant long-term assumptions used in the valuation of the accrued pension benefits were a rate of return on assets of 6.5% per annum, a general rate of salary increase of 3.0% for the first three years and 4.5% thereafter, and a 6.0% interest assumption as the basis for converting member accumulations into annuities. However, in preparing the extrapolation the investment return used for 2004 and 2005 was 5.66% and 5.74% respectively, being the rates of return for those years based on the actuarial asset values. The actuarial value of net assets available for benefits, has been determined using a five year moving average fair value method. Under this method, the fair value is the underlying basis, but capital gains and losses are amortized over a five year period. The fair and actuarial values of net assets available for benefits as at December 31 were as follows: 2005 Fair value of net assets available for benefits Fair value changes not reflected in the actuarial value of net assets Actuarial value of net assets available for benefits 2004 1993 Plan 1970 Plan 1993 Plan 1970 Plan $ 901,999 $ 20,397 $ 829,510 $ 17,719 (99,941) (2,260) $ 802,058 $ 18,137 35 (52,342) $ 777,168 (1,118) $ 16,601 Table of Contents (in thousands of dollars) The University recognized expenses equal to its contributions of $14,290 (2005, $12,572) for the 1970 Plan and for the 1993 Plan for the year ended March 31, 2006. Employee contributions matched the employer contributions. The next full actuarial valuation of the Plans will be effective December 31, 2005 and will be completed in 2006. The University of Manitoba GFT Pension Plan (1986) is a defined contribution pension plan, therefore, there is no requirement for an actuarial valuation of this Plan. The University’s contributions to this Plan were $1,459 in 2006 (2005, $1,410). 14. COMMITMENTS AND CONTINGENCIES The University of Manitoba is a member of the Canadian Universities Reciprocal Insurance Exchange (CURIE). CURIE pools the property damage and public liability insurance risks of its members. All members pay annual deposit premiums, which are actuarially determined and are subject to further assessment in the event members’ premiums and reserves are insufficient to cover losses and expenses. No additional assessment was necessary for the current year. Contractual commitments relating to Construction in Progress amount to $10,793 (2005, $32,824). The University of Manitoba is named as a defendant in litigations where action has commenced or is anticipated. While the ultimate outcome of these proceedings cannot be predicted at this time, management and its legal counsel are of the opinion that the outcome will not have a material effect on the financial position of the University. No provision has been made in the financial statements in respect of these claims as of March 31, 2006. 15. COMPARATIVE FIGURES Comparative figures for the year ended March 31, 2005 have been restated, where appropriate, to conform with the presentation adopted for March 31, 2006. 16. SUBSEQUENT EVENT On April 3, 2006 the University borrowed $75,000 from the Province of Manitoba in exchange for a promissory note bearing interest at 5.55% due April 1, 2036. 36 Table of Contents SCHEDULES (UNAUDITED) Schedule 1 Tuition and Related Fees Undergraduate Degree Programs Regular Session: Agricultural and Food Sciences Architecture Arts Clayton H. Riddell Faculty of Environment, Earth, and Resources Dentistry Education Engineering Extended Education Graduate Studies Human Ecology I. H. Asper School of Business Interdisciplinary Law Medicine Music Nursing Pharmacy Physical Education and Recreation Studies School of Art Science Social Work University 1 Summer Session: Agricultural and Food Sciences Architecture Arts Clayton H. Riddell Faculty of Environment, Earth, and Resources Dentistry Education Engineering Extended Education Human Ecology I. H. Asper School of Business Interdisciplinary Medicine Music Nursing Pharmacy Physical Education and Recreation Studies School of Art Science Social Work University 1 $ 1,440,643 1,458,763 14,498,111 1,897,976 3,129,544 2,141,178 2,980,463 3,664,834 1,611,605 5,847,335 832 2,070,965 3,388,828 575,714 2,668,782 899,885 1,267,947 1,302,638 14,544,631 1,307,852 554,665 March 31, 2006 Graduate $ 549,537 544,839 948,756 399,197 165,987 464,152 854,239 279,512 71,163 457,006 14,498 24,002 1,359,053 61,388 156,861 47,599 71,970 732,536 224,301 $ 1,990,180 2,003,602 15,446,867 Undergraduate $ 1,174,660 1,354,549 14,431,691 2,297,173 3,295,531 2,605,330 3,834,702 3,664,834 279,512 1,682,768 6,304,341 15,330 2,094,967 4,747,881 637,102 2,825,643 947,484 1,781,385 2,882,998 2,144,247 2,910,221 3,460,747 1,416,165 5,754,977 1,339,917 1,302,638 15,277,167 1,532,153 554,665 1,151,651 1,327,865 14,056,348 1,232,269 565,078 1,465,619 3,311,469 631,866 2,625,639 854,419 March 31, 2005 Graduate $ 357,874 508,350 761,151 308,349 129,900 418,988 614,817 259,470 89,338 532,585 7,520 18,867 1,255,067 46,447 179,982 34,093 41,377 525,386 226,569 $ 1,532,534 1,862,899 15,192,842 2,089,734 3,012,898 2,563,235 3,525,038 3,460,747 259,470 1,505,503 6,287,562 7,520 1,484,486 4,566,536 678,313 2,805,621 888,512 1,193,028 1,327,865 14,581,734 1,458,838 565,078 67,253,191 7,426,596 74,679,787 64,533,863 6,316,130 70,849,993 47,817 2,412,622 1,022 9,023 5,856 1,022 56,840 2,418,478 409 43,346 1,935,774 3,702 5,640 9,532 4,111 48,986 1,945,306 2,676 190,512 11,408 193,642 162,879 800,583 151,025 921,893 376 375 8,999 11,386 22,181 193,227 10,530 222,546 177,274 896,646 206,923 1,184,665 136,030 34,468 431,803 5,263 4,136 2,256 141,293 38,604 434,059 156,992 19,901 660,029 1,880 26,071 416 4,511 2,256 2,796 540 190,888 11,783 202,641 174,265 800,583 152,905 947,964 416 161,503 22,157 662,825 540 80,189 168,112 1,702,565 343,102 1,404 1,550 81,739 168,112 1,705,843 349,117 1,404 58,479 147,422 1,443,154 348,262 3,675 6,767 58,479 147,422 1,446,829 355,029 8,205,900 82,422 8,288,322 7,245,710 88,922 7,334,632 190,551 10,530 210,597 170,057 896,646 206,923 1,162,484 11,949 7,217 3,278 6,015 Miscellaneous Fees 5,723,263 1,852,728 Non-Degree Programs Extended Education Other Faculties 4,745,693 3,025,018 5,179,688 2,903,287 $ 96,462,083 $ 88,120,328 37 Table of Contents Schedule 2 Changes to Research and Special Fund (Page 1) Balance March 31, 2005 Revenue Balance March 31, 2006 Inter-Fund Transfers Expense Sponsored or Assisted Research: Government of Canada: Canada Foundation for Innovation Canadian Institutes of Health Research Canadian International Development Agency Miscellaneous Networks of Centres of Excellence Science and Engineering Research Canada Social Sciences and Humanities Research Council Province of Manitoba: Agriculture Health Research Council Health Research Initiative Miscellaneous Business and Industry Foundations, Associations, etc. Individuals Manitoba Heart Foundation National Cancer Institute of Canada Special Projects United States Sub-Total $ 615,286 10,995,233 7,263,527 1,753,804 35,290 6,252,697 $ 639,589 21,243,721 1,523,327 5,882,035 3,200,000 15,507,713 $ 475,443 20,812,008 6,414,137 5,227,243 3,041,441 15,234,597 $ 900 (63,125) (242,884) (158,870) 53,394 (41,875) $ 780,332 11,363,821 2,129,833 2,249,726 247,243 6,483,938 2,353,762 4,952,723 4,578,636 (12,500) 2,715,349 29,269,599 52,949,108 55,783,505 (464,960) 25,970,242 237,725 1,260,480 4,428,912 1,648,649 875,461 2,474,346 919,600 3,749,434 763,558 2,137,484 880,543 3,587,779 (6,871) (26,024) 342,757 1,597,342 4,467,969 1,784,280 7,575,766 8,018,841 7,369,364 (32,895) 8,192,348 3,341,470 11,365,075 820,917 431,882 267,636 1,898,068 6,807,287 3,060,793 19,630,367 225,025 961,200 749,009 1,097,308 9,530,670 2,760,168 17,203,702 382,159 925,496 676,034 815,553 8,520,831 (15,638) 375,367 81,963 35,000 (269,239) 3,626,457 14,167,107 745,746 467,586 340,611 2,214,823 7,547,887 24,932,335 35,254,372 31,283,943 207,453 29,110,217 61,777,700 96,222,321 94,436,812 (290,402) 63,272,807 38 Table of Contents Schedule 2 Changes to Research and Special Fund (Page 2) Balance March 31, 2005 Special Funds: Government of Canada: Health Canada Miscellaneous $ 519,127 181,366 Revenue $ 2,418,811 807,136 Expense $ 2,334,531 663,875 Balance March 31, 2006 Inter-Fund Transfers $ (221,835) 8,532 $ 381,572 333,159 700,493 3,225,947 2,998,406 (213,303) 714,731 2,450,602 117,438 8,978,529 108,042 8,846,361 206,356 (9,919) 2,582,770 9,205 2,568,040 9,086,571 9,052,717 (9,919) 2,591,975 94,161 2,610,932 951,061 1,540,212 144,132 6,702,929 653,296 1,808,131 170,733 5,827,148 750,647 1,074,283 (884,922) 53,787 28,822 67,560 2,601,791 907,497 2,302,882 5,196,366 9,308,488 7,822,811 (802,313) 5,879,730 Sub-Total 8,464,899 21,621,006 19,873,934 (1,025,535) 9,186,436 Total Research and Special Funds 70,242,599 117,843,327 114,310,746 (1,315,937) 72,459,243 Province of Manitoba: Health Miscellaneous Business and Industry Foundations, Associations, etc. Individuals Special Projects Less Capitalized Items (5,828,965) $ Balance End of Year 117,843,327 $ 70,242,599 $ 108,481,781 (5,828,965) $ (7,144,902) $ 39 72,459,243 Table of Contents Schedule 3 Changes to Capital Asset Fund March 31, 2006 Revenue: Canada Foundation for Innovation Contributions and Donations Council on Post-Secondary Education Investment Income Other Province of Manitoba Manitoba Research Innovation Fund Western Economic Diversification $ $ 10,594,541 9,698,913 18,124,500 235,199 9,256,328 5,941,303 39,379,218 53,850,784 33,436,791 30,346,711 5,925,260 2,344,378 39,362,051 32,691,089 38,297,194 34,235,089 38,314,361 436,220,456 55,394,784 380,825,672 $ 474,534,817 $ 436,220,456 Expense: Amortization of Capital Assets Interest on Bank Loans, Long Term Debt, Capital Advances and Capital Lease Obligations Inter-Fund Transfers Net Change in the Year Balance Beginning of the Year Balance End of the Year 1,646,965 10,807,082 16,055,065 1,129,370 608,280 4,804,251 4,328,205 March 31, 2005 Schedule 4 Changes to Specific Provisions Fund Balance March 31, 2005 Administrative Systems Renewal Ancillary Furniture and Equipment Replacement Campus Development Initiative Computer Equipment Replacement Externally Funded Initiatives Fiscal Stabilization Parking Lot Improvements Physical Education Equipment Replacement Special Funding Arrangements Special Projects & Initiatives Vehicle and Other Equipment Replacement Workers' Compensation Self Insurance $ 12,512,882 2,303,871 3,045,215 3,215,456 16,404,895 4,856,062 2,656,046 76,012 2,850,254 1,779,164 462,692 250,000 Additions $ 1,197,945 794,730 1,040,225 1,890,894 8,502 1,544,593 4,062,840 175,621 $ Balance End of Year $ 50,412,549 40 Deductions $ 580,307 11,295,657 Balance March 31, 2006 6,900,000 586,424 3,045,215 2,011,944 477,642 1,130,000 826,173 32,000 767,733 180,000 $ 5,612,882 2,297,754 2,401,457 16,721,983 4,766,287 3,720,767 52,514 3,627,114 5,662,004 638,313 250,000 $ 15,957,131 $ 45,751,075 Table of Contents Schedule 5 Changes to Staff Benefits Fund Pension Reserve Revenue: Investment Income Contributions Experience Credits $ Expense: Indemnity Payments Management and Administrative Services Fees Net Revenue Inter-Fund Transfers Balance Beginning of the Year Balance End of the Year $ 492,037 Self-Insured Plans $ 1,127,731 1,111,396 152,601 Benefit Reserve $ 548,151 March 31, 2006 $ March 31, 2005 1,425,024 2,167,919 1,111,396 1,577,625 $ 1,415,934 1,049,037 1,292,768 1,973,175 4,856,940 3,757,739 1,996,029 1,864,620 492,037 2,391,728 62,491 1,933,538 27,131 305,135 75,358 407,624 308,072 89,622 2,238,673 75,358 2,403,653 2,172,692 402,415 153,055 1,897,817 2,453,287 1,585,047 150,546 3,886,782 684,144 6,089,907 (1,791,282) 5,803,891 (956,592) 15,780,580 (1,686,144) 15,881,677 4,439,743 $ 6,927,106 $ 5,910,426 $ 17,277,275 $ 15,780,580 Schedule 6 Revenue and Expense, Ancillary Services Bookstore, Pharmacy, Post Office Revenue $ Expense: Salaries Staff Benefits Payroll Tax Levy Cost of Goods Sold Equipment, Alterations, etc. Utilities Supplies and Expense Net Revenue Inter-Fund Transfers Net Income $ 20,178,452 Parking $ 4,904,766 March 31, 2006 Residences $ 4,482,832 2,600,354 402,006 56,691 15,637,207 83,139 42,988 734,615 527,737 90,833 11,561 1,430,256 234,422 34,570 90,650 272,147 1,593,108 19,557,000 $ 29,566,050 March 31, 2005 $ 29,020,665 331,291 976,614 663,613 4,558,347 727,261 102,822 15,637,207 505,080 1,291,749 2,991,336 4,443,361 685,381 98,800 15,349,266 486,467 1,160,087 2,704,140 2,586,036 3,670,766 25,813,802 24,927,502 621,452 2,318,730 812,066 3,752,248 4,093,163 (621,452) (2,318,730) (812,066) (3,752,248) (4,093,163) $ $ 41 $ $ Table of Contents Schedule 7 Net Operating Expenditures (Page 1) Salaries and Wages Other Instruction Academic Academic Faculties, Colleges & Units Agricultural and Food Sciences Architecture Arts Clayton H. Riddell Faculty of Environment, Earth, and Resources Colleges Dentistry Education Engineering Extended Education Graduate Studies Human Ecology Law I. H. Asper School of Business Medicine Music Nursing Pharmacy Physical Education and Recreation Studies School of Art Science Social Work University 1 $ 6,648,948 3,288,792 21,463,662 $ 406,973 171,100 1,031,339 Staff Benefits Support $ 3,154,556 823,929 3,015,258 $ 1,479,236 589,657 3,368,022 Payroll Tax Levy $ 219,396 92,372 548,041 3,870,578 504,946 5,313,180 4,642,770 6,563,557 5,090,606 113,250 2,189,782 2,745,570 6,596,446 19,042,392 2,171,833 3,260,829 1,676,022 218,454 470 65,748 420,344 797,851 991,474 47,733 113,423 23,824 497,316 1,476,860 177,295 2,284,633 41,191 1,233,926 543,371 3,381,386 1,094,309 2,578,307 3,154,303 543,175 520,198 562,329 1,809,407 5,776,134 268,413 1,123,720 308,361 705,242 157,679 1,194,202 804,162 1,312,185 1,224,684 104,686 382,589 414,065 1,121,452 4,040,669 338,089 968,588 275,653 113,429 22,791 189,558 131,912 210,295 199,130 14,329 60,432 71,955 190,439 578,121 56,401 146,258 43,769 1,773,923 1,760,536 15,372,271 3,448,542 308,525 110,451 21,735 1,335,703 113,182 95,626 338,725 352,205 3,589,920 804,405 519,145 293,681 293,037 2,645,421 591,533 136,017 48,396 45,812 428,814 94,264 19,955 117,846,960 10,442,725 35,495,482 22,440,549 3,525,869 117,846,960 10,442,725 35,495,482 22,440,549 3,525,869 70,280 250,060 55,438 323,976 18,543 90,421 2,725 12,407 59,622 2,475,779 87,562 235,977 204,706 1,011,723 96,984 3,382,790 101,589 262,943 203,806 1,136,978 25,513 905,570 29,281 73,965 54,031 340,198 3,404 127,444 4,105 10,829 8,858 46,674 371,998 39,137 44,520 329,474 87,487 101,880 104,416 20,167 22,564 15,212 2,759 3,203 4,851,364 6,083,345 1,684,669 237,620 4,851,364 6,083,345 1,684,669 237,620 Less Capitalized Items Libraries Agriculture Library Architecture and Fine Arts Library Dental Library Education Library Elizabeth Dafoe Library Engineering Library Law Library Management Library Medical Library Music Library Science Library St. John's College Library St. Paul's College Library Less: Capitalized Items Books & Periodicals Expensed 42 Table of Contents Total Expenditure Deduct Supplies and Expenses $ 996,325 516,739 1,510,788 Equipment Alter.,Etc. $ 646,753 157,598 678,947 Gross Expenditure $ 13,552,187 5,640,187 31,616,057 InterDepartmental Income $ 71,498 $ 191,461 90,334 505,396 183,779 595,350 478,238 60,511 82,326 84,365 275,385 1,700,365 54,573 369,659 45,882 6,880,184 1,472,981 13,664,968 7,820,618 12,993,515 14,296,447 1,978,802 3,581,860 4,552,403 11,686,971 39,712,773 3,835,138 8,747,770 2,576,407 133,050 197,847 1,711,289 521,253 158,114 377,864 55,013 1,053,873 266,762 93,389 3,076,090 2,726,185 26,137,291 5,839,941 1,330,771 25,920,138 8,047,823 (7,358,240) 223,719,546 (7,358,240) 2,566,073 221,153,473 (7,358,240) 2,566,073 213,795,233 689,583 216,361,306 59,395 123,042 3,634 95,425 6,006,611 253,067 759,600 182,605 1,068,896 40,013 449,401 53,720 77,906 40 795 4,794 206,421 800,701 3,634 281,094 13,407,657 475,907 1,344,842 654,006 3,644,032 40,013 1,271,839 203,270 254,867 557,970 22,588,283 (420,361) (420,361) (7,955,789) 137,609 14,212,133 9,173,315 146 509,463 303 1,528 39,563 1,338 (7,955,789) 1,217,526 104,147 40,588 13,480,689 5,640,187 31,616,057 21,974 236,310 75,706 1,386 9,000 159,499 1,125,134 149,008 2,430 448,443 116,725 4,225 483 1,808 6,439 $ 859,334 63,921 100,230 12,621,355 5,576,266 31,515,827 $ 11,854,604 5,132,453 30,215,387 6,692,603 1,408,632 9,502,589 7,779,409 12,591,400 14,052,985 1,939,855 3,486,376 4,493,936 11,477,404 37,253,463 3,724,364 8,552,408 2,576,407 6,183,457 1,388,860 9,219,679 7,616,817 11,852,710 14,510,913 910,388 3,226,031 3,926,403 11,214,742 33,390,106 3,981,424 8,838,444 2,512,446 3,076,090 2,723,755 25,688,848 5,723,216 1,326,546 31,478 31,955 323,429 73,309 9,235 3,044,612 2,691,800 25,365,419 5,649,907 1,317,311 2,936,845 2,533,734 24,973,922 5,417,838 981,041 7,839,145 213,314,328 (7,358,240) 202,818,244 (5,769,537) 7,839,145 205,956,088 197,048,707 206,421 800,701 3,634 281,094 12,976,008 475,907 1,340,743 654,006 3,555,537 40,013 1,271,839 203,270 254,867 188,321 824,473 1,422 235,513 12,440,557 440,643 1,264,708 619,540 3,198,422 27,121 1,183,240 185,760 241,293 22,064,040 20,851,013 (420,361) (7,955,789) (285,507) (7,645,486) 13,687,890 12,920,020 427,501 3,616 86,687 517,804 (420,361) (7,955,789) 14,205,694 43 $ March 31, 2005 83,434 23,761 4,162,379 19,235 165,805 167,756 38,947 94,098 49,467 50,068 1,334,176 110,774 46,354 22,581,844 6,439 March 31, 2006 6,776,037 1,432,393 13,664,968 7,798,644 12,757,205 14,220,741 1,978,802 3,580,474 4,543,403 11,527,472 38,587,639 3,835,138 8,598,762 2,576,407 206,421 800,701 3,634 281,094 13,403,509 475,907 1,344,359 654,006 3,642,224 40,013 1,271,839 203,270 254,867 4,148 Net Expenditure Sales of Goods & Services March 31, 2006 547,094 153,390 3,015,498 543,342 935,970 3,158,012 1,095,118 233,110 650,295 1,196,526 7,098,232 768,534 594,083 185,529 25,920,138 Deduct 517,804 Table of Contents Schedule 7 Net Operating Expenditures (Page 2) Salaries and Wages Other Instruction Academic Student Affairs Aboriginal Student Centre Alumni Association Chaplain's Office Convocation English Language Center Enrolment Services Financial Aid and Awards Housing and Student Life International Centre for Students Parent's Programs Playcare Centre Recreation and Athletics Registrar's Office Special Programming Student Counseling & Career Centre U.M.S.U. Special Projects University Health Services $ $ Support $ 344,431 456,477 11,000 3,110 Staff Benefits Payroll Tax Levy 187,460 75,831 26,945 11,745 $ 4,035 1,665 74,854 162,823 1,079,547 207,145 39,771 380,394 10,214 134,802 170,474 31,334 6,445 56,894 1,624 20,753 23,531 4,501 888 8,350 16,831 479,796 193,495 203,924 101,412 2,565 80,642 26,895 31,080 15,221 779,242 907,282 501,786 312,001 51,921 114,255 2,031,003 1,229,022 1,204,219 151,501 535,730 75,328 11,738 1,625,459 1,741,791 7,473,555 1,519,639 233,488 1,625,459 1,741,791 7,473,555 1,519,639 233,488 234,735 1,528,488 3,912,101 146,556 3,120,681 450,360 154,924 219,366 35,400 236,673 595,705 22,716 429,234 67,858 26,967 29,447 5,151 33,313 85,400 3,598 67,156 9,869 3,464 4,787 77,225 3,284,132 520,450 612,408 169,566 136,134 479,778 340,495 26,081 12,824 628,706 65,693 97,850 23,320 18,582 69,771 48,576 2,798 1,694 101,129 9,586 13,407 3,716 2,737 10,392 6,959 565 Less Capitalized Items Administration Audit Services Development & Advancement Services Financial Services Government Relations Human Resources Institutional Analysis International Relations Legal Services Office Machine Services Ombudsman President's Office Public Affairs Staff Benefits Office Treasury Services Univeristy Accessibility University Centre Management University Secretariat Visitor's Centre 18,370 3,750 1,329,249 31,078 1,351,369 31,078 15,413,480 2,412,120 362,923 1,351,369 31,078 15,413,480 2,412,120 362,923 13,959,563 1,550,048 2,361,003 230,107 305,501 32,853 52,987 11,789 8,340 1,373 1,159 234 (759) 15,574,387 2,600,823 339,747 (759) 15,574,387 2,600,823 339,747 Less Capitalized Items Physical Maintenance Insurance Physical Plant Security Utilities: Carman/Glenlea Fuel-Fort Garry Fuel-Bannatyne Light, Power and Water Telephone Vehicle Fleet Waste Management Workers' Compensation (804) 45 Less Capitalized Items 44 Table of Contents Supplies and Expenses $ 60,060 539,204 2,171 152,193 409,677 226,069 158,431 14,852 68,279 20,326 8,825 1,487,932 327,309 391,490 48,611 9,000 67,142 Equipment Alter.,Etc. 7,436 Deduct InterDepartmental Income March 31, 2006 Sales of Goods & Services 17,208,469 (212,131) 88,851 17,119,618 (212,131) 5,203,746 11,915,872 (212,131) 11,027,574 (359,241) 3,991,571 410,835 16,996,338 88,851 16,907,487 5,203,746 11,703,741 10,668,333 24,450 421,653 218,182 25,659 742,510 28,828 138,179 349,637 752 6,729 1,001,313 683,741 149,577 14,417 23,833 391,199 64,340 7,121 886 84,672 378 144,985 661 5,246 5,598 1,933 26 408,776 3,090 14,316 464 1,806 69,827 20,773 306,857 2,221,013 4,896,060 217,277 4,504,566 557,576 332,530 608,835 2,685 98,498 6,784,383 1,282,560 887,558 211,483 183,092 1,020,967 481,143 29,444 770,558 24,626,527 (496,833) 2,360 38,909 46,872 710 15,516 312,843 225,716 199,420 753,495 (496,833) 285,936 628,445 2,171 305,218 1,627,250 1,580,550 417,274 61,956 528,842 20,326 158,268 5,987,978 1,757,587 2,169,795 874,705 9,000 704,317 306,857 2,221,013 4,880,544 217,277 4,191,723 557,576 332,530 608,835 2,685 98,498 6,558,667 1,083,140 887,558 211,483 183,092 1,020,967 481,143 29,444 23,873,032 $ $ 302,026 14,591 30,540 4,307,293 88,653 10,147 450,496 15,996 12,286 35,915 1,349 497,011 677,647 1,240,204 (496,833) 285,936 628,445 2,171 305,218 1,325,224 1,580,550 417,274 61,956 514,251 20,326 127,728 1,680,685 1,757,587 2,081,142 864,558 9,000 253,821 March 31, 2005 14,379 15,792 260,990 27,738 27,791 4,253 $ March 31, 2006 622,966 (212,131) 11,815 $ Net Expenditure 3,991,571 66,333 100,647 80,929 4,863 $ Total Expenditure 285,936 628,445 2,171 305,218 1,629,610 1,580,550 417,274 61,956 528,842 20,326 158,268 6,026,887 1,804,459 2,170,505 874,705 9,000 704,317 4,284,999 $ Gross Expenditure Deduct 306,857 2,221,013 4,864,548 217,277 4,179,437 557,576 332,530 608,835 2,685 98,498 6,522,752 1,081,791 390,547 211,483 183,092 343,320 481,143 29,444 22,632,828 (496,833) $ 268,053 601,420 3,381 263,979 1,285,664 1,556,629 330,986 142,005 361,526 19,831 112,734 1,630,694 1,561,887 1,687,913 890,634 9,000 301,238 245,948 1,488,542 4,137,370 205,789 3,580,900 527,661 268,976 690,902 (11,542) 86,653 6,242,024 997,124 446,175 197,674 182,016 304,085 462,795 31,355 20,084,447 (405,699) 4,284,999 273,725 24,129,694 753,495 23,376,199 1,240,204 22,135,995 19,678,748 1,576,986 1,346,307 96,303 10,296 7,243,075 83,707 1,587,282 25,214,645 1,994,063 4,028,304 748,377 1,587,282 21,186,341 1,245,686 495,301 2,569 1,587,282 20,691,040 1,243,117 1,590,873 19,664,756 1,153,274 133,214 5,892,174 1,877,450 5,467,325 1,317,621 4,375 9,457 658,989 144,072 36,962 16,496 133,214 5,892,174 2,021,522 5,467,325 1,317,621 41,337 88,439 672,385 796,108 188,311 625,562 77,468 133,214 5,096,066 1,833,211 4,841,763 1,317,621 (36,131) 88,439 672,385 1,094,105 31,746 425,748 1,010 86,694 110,428 133,214 4,001,961 1,801,465 4,416,015 1,317,621 (37,141) 1,745 561,957 113,035 3,921,846 1,771,576 3,819,373 1,426,174 (43,825) (16,709) 427,150 18,380,201 7,534,608 (3,286,417) 44,430,007 (3,286,417) 6,464,130 37,965,877 (3,286,417) 2,247,601 35,718,276 (3,286,417) 33,827,523 (3,653,201) 18,380,201 4,248,191 41,143,590 6,464,130 34,679,460 2,247,601 32,431,859 30,174,322 45 Table of Contents Schedule 7 Net Operating Expenditures (Page 3) Salaries and Wages Other Instruction Academic Other Academic Support Information Services and Technology Institutes, Centres and Specialized Academic Units Research Development Staff Development Program $ $ $ Staff Benefits Support 8,378,075 $ 1,290,640 Payroll Tax Levy $ 183,576 82,813 5,834 12,881 137,699 109,620 2,007 908,035 256,870 49,634 160,616 45,975 358 23,347 7,055 22 101,528 249,326 9,592,614 1,497,589 214,000 101,528 249,326 9,592,614 1,497,589 214,000 7,005 4,247 826 242 Less Capitalized Items General Expenditure Access Copyright Licence Fees Audit Fees/Memberships Bad Debts Campus Beautification Campus Planning Group Change in Vacation Pay Liability Employee Assistance Plan Exchange and Bank Charges Executive Searches Handicapped Transport Miscellaneous Outreach Programs R.G. and E.M. Knight Distinguished Visitors Program Retiring Allowances Rentals Shuttle Bus Supplementary Health and Dental Supplementary Pensions United Way Transfers to Other Institutions 1,507,505 871,200 7,005 4,247 2,379,531 242 7,005 4,247 2,379,531 242 Less Capitalized Items Total of Operating Expenses $ 125,775,921 $ 12,471,925 $ 89,637,110 $ 34,534,920 $ 4,913,889 $ 125,775,921 $ 12,471,925 $ 89,637,110 $ 34,534,920 $ 4,913,889 Less Total Capitalized Items Total Operating Net of Capitalized Items 46 Table of Contents Total Expenditure Deduct Supplies and Expenses $ 1,008,303 1,153,820 1,505,130 188,931 Equipment Alter.,Etc. $ 6,218,989 InterDepartmental Income Gross Expenditure $ 52,559 181,218 6,059 17,079,583 $ 2,518,889 2,111,702 259,892 3,417,163 194,697 Deduct Sales of Goods & Services March 31, 2006 $ 13,662,420 $ 386,906 $ 13,275,514 March 31, 2005 $ 12,511,785 2,324,192 2,111,702 259,892 1,186,338 2,728,501 1,137,854 (616,799) 259,892 1,006,749 258,663 276,190 6,458,825 (1,764,926) 21,970,066 (1,764,926) 3,611,860 18,358,206 (1,764,926) 4,301,745 14,056,461 (1,764,926) 14,053,387 (2,321,872) 3,856,184 4,693,899 20,205,140 3,611,860 16,593,280 4,301,745 12,291,535 11,731,515 43,512 259,705 528 3,435 58,952 102,464 259,705 528 3,435 102,464 259,705 528 3,435 102,464 259,705 528 3,435 754,479 225,309 (139,704) 3,625 2,855 159,960 23,187 754,479 225,309 (139,704) 3,625 2,855 159,960 23,187 754,479 225,309 (139,704) 3,625 2,855 159,960 23,187 222,280 340,240 84,388 2,033 14,750 808,898 205,875 495,745 24,148 24,148 2,815 2,962 24,148 1,689 2,825 211,516 1,171 5,718 541,081 51 212,687 1,507,505 871,200 5,769 541,081 212,687 1,507,505 871,200 5,769 541,081 435,309 2,966 144,732 24,187 24,148 (1,689) (2,825) 212,687 1,507,505 435,891 5,769 541,081 30,369 (2,106) (2,485) 209,690 1,546,593 460,341 5,514 537,113 2,101,257 65,951 (3,870) 4,558,233 (3,870) 4,558,233 (3,870) 439,823 4,118,410 (3,870) 5,131,123 (12,849) 2,101,257 62,081 4,554,363 4,554,363 439,823 4,114,540 5,118,274 67,707,665 $ 24,058,701 21,790,068 $ 323,820,215 $ 307,793,311 (7,955,789) $ March 31, 2006 3,856,184 754,479 225,309 (139,704) 3,625 40 159,960 7,905 $ Net Expenditure 59,751,876 $ (13,542,778) $ 10,515,923 359,101,131 $ 13,490,848 (21,498,567) $ 337,602,564 $ 345,610,283 $ (21,498,567) $ 13,490,848 47 $ 324,111,716 (21,498,567) $ 21,790,068 $ 302,321,648 (20,453,392) $ 287,339,919 Table of Contents Schedule 8 Research & Special Fund Expenditures Salaries and Wages Other Instruction Academic Academic Faculties, Colleges & Units Agricultural and Food Sciences Architecture Arts Clayton H. Riddell Faculty of Environment, Earth, and Resources Colleges Dentistry Education Engineering Extended Education Graduate Studies Human Ecology Law I. H. Asper School of Business Medicine Music Nursing Pharmacy Physical Education and Recreation Studies School of Art Science Social Work $ 177,864 $ 2,963,660 42,872 778,700 78,440 75,562 383,301 246,487 1,282,378 15,956 122,100 149,874 3,048,324 12,123 3,186,888 321,541 85,813 171,997 11,205,102 3,340 157,651 469,576 218,921 1,000 271,308 147,507 Staff Benefits Support $ 1,162,891 $ 158,980 $ 56,920 731 15,262 138,004 3,000 133,932 11,271,885 1,080 113,131 233,015 52,589 1,192 21,126 16,898 208,133 25,933 38 37,882 6,448 28,322 2,586,531 319 47,702 79,690 10,489 281 4,062 4,790 40,384 4,142 14 7,203 1,870 5,425 417,935 107 9,024 13,116 523,856 6,605 2,925,737 79,990 68,458 3,522 458,452 122,615 66,293 468 208,729 26,520 12,921 177 38,111 5,075 5,671,732 27,554,083 14,980,886 3,809,239 648,039 5,671,732 27,554,083 14,980,886 3,809,239 648,039 16,411 24,718 3,119 865 16,411 24,718 3,119 865 530,241 838 241 76 530,241 838 241 76 69,769 45,781 163,320 20,195 3,139 69,769 45,781 163,320 20,195 3,139 97,139 45,566 780,468 59,526 23,811 6,000 14,633 3,044,199 176,712 12,839 76,970 47,832 551,990 245,578 328,249 2,261 63,916 Payroll Tax Levy Less Capitalized Items Libraries Less Capitalized Items Less Books and Periodicals Expensed Student Affairs Less Capitalized Items Administration Less Capitalized Items Physical Maintenance Less Capitalized Items General Less Capitalized Items 2,573 2,573 Other Academic Support Institutes, Centres and Specialized Academic Units Research Development 178,888 136,220 26,147 5,887 178,888 136,220 26,147 5,887 178,888 136,220 26,147 5,887 Less Capitalized Items Total of Research and Special Fund Expenses $ 5,757,912 $ 28,308,993 $ 15,308,555 $ 3,858,941 $ 658,006 $ 5,757,912 $ 28,308,993 $ 15,308,555 $ 3,858,941 $ 658,006 Less Capitalized Items Total of Research and Special Fund Expenses Net of Capitalized Items 48 Table of Contents Supplies and Expenses $ $ 1,950,673 9,271 198,597 1,168,384 6,078 232,754 490,332 4,188,730 223,357 584,253 42,937 33,982 1,477,475 28,446 655,335 16,227 679,020 34,166,488 7,500 219,096 390,877 548,045 26,994 2,416,364 373,507 $ $ 7,415,142 129,319 2,463,332 168,672 3,091 49,186 1,818,595 600 95,746 101,283 3,350,367 36,346 597,088 789,274 10,295,504 599,105 3,186,940 1,352,448 122,449 1,082,515 64,510,735 12,946 1,025,651 1,534,044 2,138,775 38,482 499,268 602,857 9,791,119 524,306 2,917,195 1,215,400 128,134 1,032,401 61,126,114 6,039 734,446 1,071,188 181,022 1,269 984,475 86,886 1,619,516 40,035 7,303,176 842,100 1,320,587 36,993 8,247,015 781,772 110,087,230 (5,816,811) 104,270,419 102,219,884 (3,738,371) 98,481,513 77,022 11,136 (7,080) 133,271 (7,080) 107,389 (4,602) 77,022 4,056 126,191 102,787 178,666 4,418 714,480 867,448 178,666 4,418 714,480 867,448 1,600,991 626,761 (3,363) 2,529,956 (3,363) 2,083,613 (43,117) 1,600,991 623,398 2,526,593 2,040,496 7,452 7,452 (2,012) 7,452 7,452 (2,012) (10,113) (7,540) (4,206) (10,113) (7,540) (4,206) 318,226 178,000 2,529 667,897 178,000 703,746 118,000 496,226 2,529 (1,711) 845,897 (1,711) 821,746 (7,074) 844,186 814,672 496,226 818 51,957,036 $ 8,461,303 $ (5,828,965) $ 8,732,082 113,269 2,941,640 March 31, 2005 Gross Expenditure 7,816,459 (5,816,811) 1,999,648 49,606,792 $ Equipment Alter.,Etc. 2,091,825 58,134 1,647,745 49,606,792 March 31, 2006 Gross Expenditure 51,957,036 $ 2,632,338 114,310,746 $ (5,828,965) $ 108,481,781 106,093,862 (3,793,164) $ 102,300,698 49 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 1) Salaries and Wages Special Academic Academic Agricultural & Food Sciences: General Operating Dean's Office Agribusiness and Agricultural Economics Biosystems Engineering Animal Science Dairy Entomology Farm Management Food Science Plant Science School of Agriculture Soil Science Transport Institute Glenlea Research Station $ Total Operating 491,610 867,152 897,642 1,094,293 0 408,747 0 861,216 1,210,796 153,349 664,143 0 $ 4,624 6,634 69,744 32,376 0 8,416 37,625 18,995 84,022 136,309 8,228 0 Staff Benefits Support $ 345,192 187,288 176,576 365,536 29,331 62,201 502,961 197,401 1,026,328 92,260 169,482 0 $ 107,451 144,729 161,917 213,176 5,630 65,314 92,119 148,621 356,774 59,120 124,385 0 Payroll Tax Levy $ 18,086 22,783 24,074 32,258 632 10,108 12,096 22,574 50,304 8,251 18,230 0 6,648,948 406,973 3,154,556 1,479,236 219,396 Research Special Funds 177,864 0 2,963,660 0 1,157,227 5,664 327,525 724 56,790 130 Total Research & Special 177,864 2,963,660 1,162,891 328,249 56,920 Architecture: General Operating Dean's Office General Faculty Environmental Design City Planning Partners Program Interior Design Landscape Architecture Architecture C.A.S.T. Building $ 6,826,812 $ 3,370,633 $ 4,317,447 $ 1,807,485 $ 276,316 $ 161,189 0 348,837 479,815 0 692,198 672,684 934,069 0 $ 3,998 33,192 100,993 6,138 2,625 1,533 11,389 11,232 0 $ 116,816 704,090 83 1,108 940 0 0 892 0 $ 37,357 119,696 53,142 65,533 285 93,523 91,770 128,351 0 $ 6,088 16,090 9,677 10,485 77 14,944 14,735 20,276 0 Total Operating 3,288,792 171,100 823,929 589,657 92,372 Research Special Funds 0 0 47,872 (5,000) 0 0 2,261 0 731 0 Total Research & Special 0 42,872 0 2,261 731 $ 3,288,792 50 $ 213,972 $ 823,929 $ 591,918 $ 93,103 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 176,405 63,147 66,045 85,480 8,962 16,243 257,416 48,742 149,281 74,993 49,611 0 Equipment Alter.,Etc. $ 343,403 10,202 24,240 55,664 5,627 2,414 83,592 18,576 75,196 6,354 16,448 5,037 InterDepartmental Income Gross Expenditure $ 1,486,771 1,301,935 1,420,238 1,878,783 50,182 573,443 985,809 1,316,125 2,952,701 530,636 1,050,527 5,037 0 $ 22,120 0 15,241 12,985 0 0 7,198 0 6,865 0 7,089 0 Sales of Goods & Services $ 28,006 5,632 45,005 55,727 0 2,220 546,824 4,545 152,918 4,222 11,160 3,075 March 31, 2006 $ $ 1,229,376 1,209,013 1,314,142 1,781,816 22,724 561,332 382,164 1,120,658 2,817,612 473,150 962,418 0 (19,801) 996,325 646,753 13,552,187 0 71,498 859,334 12,621,355 11,854,604 2,036,613 55,212 1,943,955 6,718 8,663,634 68,448 0 0 0 0 8,663,634 68,448 7,338,057 77,085 2,091,825 1,950,673 8,732,082 0 0 8,732,082 7,415,142 $ 3,088,150 $ 2,597,426 $ 22,284,269 $ 71,498 $ 859,334 $ $ 17,718 305,662 82,811 34,028 7,978 17,907 18,547 31,641 447 $ 99 152,353 568 608 604 0 2,905 436 25 $ 343,265 1,331,083 596,111 597,715 12,509 820,105 812,030 1,126,897 472 $ 0 0 0 0 0 0 0 0 0 $ 0 51,771 0 7,000 0 0 0 0 5,150 $ $ 1,436,645 1,296,303 1,359,992 1,810,071 50,182 571,223 431,787 1,311,580 2,792,918 526,414 1,032,278 1,962 0 March 31, 2005 21,353,437 343,265 1,279,312 596,111 590,715 12,509 820,105 812,030 1,126,897 (4,678) $ 19,269,746 $ 320,160 1,159,065 547,279 515,119 13,717 836,642 828,943 910,201 1,327 516,739 157,598 5,640,187 0 63,921 5,576,266 5,132,453 21,841 36,293 8,936 335 81,641 31,628 0 0 0 0 81,641 31,628 94,988 34,331 58,134 9,271 113,269 0 0 113,269 129,319 574,873 $ 166,869 $ 5,753,456 $ 0 51 $ 63,921 $ 5,689,535 $ 5,261,772 Table of Contents Schedule9 Net Academic Faculty Expenditure by Account and Funding (Page 2) Salaries and Wages Special Academic Academic Arts: General Operating Dean's Office General Faculty Anthropology Classics Economics English French, Spanish and Italian German and Slavic Studies History Icelandic Language and Literature Institute for Humanities Linguistics Modern Language Division Native Studies Philosophy Political Studies Professional and Applied Ethics Psychology Psychology-Service Centre Religious Studies Sociology Women's Studies Centre for Ukrainian Canadian Studies Judaic Studies $ Total Operating 472,456 1,491,493 1,102,187 511,467 2,208,487 2,554,852 1,024,768 600,146 2,164,467 114,518 0 602,060 0 440,780 1,069,877 1,085,283 3,081,385 209,396 548,762 1,906,372 0 254,296 20,610 0 $ 1,875 455,351 46,796 7,974 69,649 71,198 23,259 4,566 45,120 2,866 2,190 11,302 0 16,850 31,700 30,947 103,142 1,222 17,708 76,800 200 7,992 2,632 0 Staff Benefits Support $ 953,894 132,167 115,695 65,249 126,909 246,587 56,785 30 121,999 15,933 38,400 70,069 81,150 53,612 86,985 103,036 405,589 66,717 74,645 188,057 0 653 11,097 0 $ 209,556 230,454 165,650 79,873 320,586 392,736 143,487 80,901 306,467 16,059 7,581 89,846 13,550 68,484 152,369 154,714 476,568 38,988 87,961 294,104 0 33,910 4,178 0 Payroll Tax Levy $ 31,148 42,417 27,281 12,621 51,649 61,908 23,475 13,028 50,140 2,876 864 14,755 1,774 11,012 25,645 26,321 78,068 5,998 13,838 46,826 0 5,677 720 0 21,463,662 1,031,339 3,015,258 3,368,022 548,041 Research Special Funds 78,440 0 761,081 17,619 141,527 17,453 57,520 6,396 14,485 777 Total Research & Special 78,440 778,700 158,980 63,916 15,262 $ 21,542,102 52 $ 1,810,039 $ 3,174,238 $ 3,431,938 $ 563,303 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ $ 33,107 659,919 36,950 (297) 66,609 84,701 33,501 13,995 74,549 27,923 15,615 16,752 15,718 41,892 32,233 34,481 175,178 18,459 21,190 61,056 13,295 10,241 23,025 696 Equipment Alter.,Etc. $ 50,988 263,650 10,625 4,182 20,196 99,409 2,700 1,273 17,177 4,186 2,596 791 9,167 263 14,990 3,064 136,119 6,282 1,132 26,287 2,264 388 1,218 0 InterDepartmental Income Gross Expenditure $ 1,753,024 3,275,451 1,505,184 681,069 2,864,085 3,511,391 1,307,975 713,939 2,779,919 184,361 67,246 805,575 121,359 632,893 1,413,799 1,437,846 4,456,049 347,062 765,236 2,599,502 15,759 313,157 63,480 696 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net Expenditure Sales of Goods & Services $ 0 83,809 0 6,852 0 0 0 0 0 0 0 0 0 0 0 0 0 9,569 0 0 0 0 0 0 March 31, 2006 $ 1,753,024 3,191,642 1,505,184 674,217 2,864,085 3,511,391 1,307,975 713,939 2,779,919 184,361 67,246 805,575 121,359 632,893 1,413,799 1,437,846 4,456,049 337,493 765,236 2,599,502 15,759 313,157 63,480 696 March 31, 2005 $ 1,740,664 3,048,984 1,436,346 590,722 2,548,067 3,367,695 1,315,001 663,997 2,680,261 185,860 64,490 780,902 121,251 592,331 1,325,165 1,445,082 8,228 4,284,550 361,658 676,570 2,541,242 362,382 73,219 720 1,510,788 678,947 31,616,057 0 100,230 31,515,827 30,215,387 1,550,889 96,856 194,111 4,486 2,798,053 143,587 0 0 0 0 2,798,053 143,587 2,265,539 197,793 1,647,745 198,597 2,941,640 0 0 2,941,640 2,463,332 3,158,533 $ 877,544 $ 34,557,697 $ 0 53 $ 100,230 $ 34,457,467 $ 32,678,719 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 3) Salaries and Wages Special Academic Academic Clayton H. Riddell Faculty of Environment, Earth and Resources General Operating Director's Office Natural Resources Institute Geological Sciences Geography $ Total Operating 338,128 516,441 1,132,661 1,883,348 $ 64,243 6,125 64,464 83,622 Staff Benefits Support $ 366,570 103,303 430,272 333,781 $ 103,313 91,457 217,091 293,381 Payroll Tax Levy $ 15,956 13,439 34,620 49,414 3,870,578 218,454 1,233,926 705,242 113,429 Research Special Funds 75,562 0 1,282,378 0 176,712 0 52,589 0 10,489 0 Total Research & Special 75,562 1,282,378 176,712 52,589 10,489 Colleges: General Operating Warden's Office-St.John's College Rector's Office-St.Paul's College Provost's Office-University College $ 3,946,140 $ 1,500,832 $ 1,410,638 $ 757,831 $ 123,918 $ 130,169 361,324 13,453 $ 0 470 0 $ 189,778 282,370 71,223 $ 46,180 96,538 14,961 $ 6,968 13,973 1,850 Total Operating 504,946 470 543,371 157,679 22,791 Research Special Funds 0 0 0 15,956 0 12,839 0 1,192 0 281 Total Research & Special 0 15,956 12,839 1,192 281 Dentistry: General Operating Dean's Office General Faculty Anatomy Section Continuing Education General Clinic Centre for Community Oral Health Oral Biology Restorative Dentistry School of Dental Hygiene Dental Diagnostic and Surgical Sciences Dentistry Equip.-Prov. Preventive Dental Science Dentistry-Research-Consu $ 504,946 $ 16,426 $ 556,210 $ 158,871 $ 23,072 $ 319,644 19,552 0 1,600 1,605 530,730 807,583 1,623,054 360,309 976,869 0 672,234 0 $ 2,020 22,850 0 4,396 0 5,238 8,138 0 10,376 230 0 12,500 0 $ 318,599 207,984 43,773 450 1,254,849 887,409 73,593 72,083 48,871 154,298 0 319,477 0 $ 85,595 37,610 7,187 653 219,458 193,503 112,787 192,665 56,874 151,789 0 136,081 0 $ 13,865 5,460 961 127 27,421 31,023 19,129 36,539 9,064 24,421 0 21,548 0 Total Operating 5,313,180 65,748 3,381,386 1,194,202 189,558 Research Special Funds 97,139 0 122,100 0 74,451 2,519 21,126 0 4,062 0 Total Research & Special 97,139 122,100 76,970 21,126 4,062 $ 5,410,319 54 $ 187,848 $ 3,458,356 $ 1,215,328 $ 193,620 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 205,822 60,403 140,469 140,400 Equipment Alter.,Etc. $ 31,793 17,170 67,185 75,313 InterDepartmental Income Gross Expenditure $ 1,125,825 808,338 2,086,762 2,859,259 $ 21,316 378 75,123 7,330 Sales of Goods & Services $ 18,932 3,364 25,396 35,742 March 31, 2006 $ 1,085,577 804,596 1,986,243 2,816,187 March 31, 2005 $ 1,064,220 736,970 1,874,212 2,508,055 547,094 191,461 6,880,184 104,147 83,434 6,692,603 6,183,457 1,112,591 55,793 584,253 0 3,294,574 55,793 0 0 0 0 3,294,574 55,793 1,986,965 151,810 1,168,384 584,253 3,350,367 0 0 3,350,367 2,138,775 $ 1,715,478 $ 775,714 $ 10,230,551 $ 104,147 $ 83,434 $ 10,042,970 $ 8,322,232 $ 51,022 73,793 28,575 $ 23,990 17,085 49,259 $ 448,107 845,553 179,321 $ 0 8,638 31,950 $ 0 22,306 1,455 $ 448,107 814,609 145,916 $ 401,285 819,446 168,129 153,390 90,334 1,472,981 40,588 23,761 1,408,632 1,388,860 85 5,993 0 0 85 36,261 0 0 0 0 85 36,261 0 38,482 6,078 0 36,346 0 0 36,346 38,482 $ 159,468 $ 90,334 $ 1,509,327 $ 40,588 $ 23,761 $ 1,444,978 $ 1,427,342 $ 139,406 701,401 0 31,386 1,067,817 890,842 15,776 21,569 21,203 46,276 2,951 76,871 0 $ 34,459 166,927 0 0 38,077 127,899 10,115 12,751 2,716 19,186 41,970 51,296 0 $ 913,588 1,161,784 51,921 38,612 2,609,227 2,666,644 1,047,121 1,958,661 509,413 1,373,069 44,921 1,290,007 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 4,276 0 0 1,029,022 2,506,515 0 0 7,100 609,016 0 0 6,450 $ 913,588 1,157,508 51,921 38,612 1,580,205 160,129 1,047,121 1,958,661 502,313 764,053 44,921 1,290,007 (6,450) $ 855,008 1,099,744 49,834 38,640 1,779,704 60,884 1,166,137 1,893,427 493,605 563,945 21,522 1,203,529 (6,300) $ 3,015,498 505,396 13,664,968 0 0 4,162,379 9,502,589 9,219,679 204,802 27,952 42,537 400 566,217 30,871 0 0 0 0 566,217 30,871 463,469 35,799 232,754 42,937 597,088 0 0 597,088 499,268 3,248,252 $ 548,333 $ 14,262,056 $ 0 55 $ 4,162,379 $ 10,099,677 $ 9,718,947 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 4) Salaries and Wages Special Academic Academic Education: General Operating Dean's Office General Faculty Education - School Experience Curriculum: Teaching and Learning Educational Administration and Foundations Interdisciplinary Master $ Total Operating 63,607 510,007 23,265 1,833,564 $ 27,428 122,217 256,429 13,222 Staff Benefits Support $ 852,743 76,390 32,430 44,231 $ 150,300 73,878 25,677 255,389 Payroll Tax Levy $ 20,653 14,143 6,726 40,753 1,971,055 241,272 947 101 49,147 39,368 259,460 39,458 43,583 6,054 4,642,770 420,344 1,094,309 804,162 131,912 Research Special Funds 45,566 0 150,438 (564) 47,388 444 16,906 (8) 4,760 30 Total Research & Special 45,566 149,874 47,832 16,898 4,790 Engineering: General Operating Dean's Office Civil and Geological Engineering Electrical and Computer Engineering Mechanical and Industrial Engineering Engineering Access Centres of Excellence $ 4,688,336 $ 570,218 $ 1,142,141 $ 821,060 $ 136,702 $ 532,193 1,600,027 2,350,827 1,874,281 206,229 0 $ 77,998 179,405 210,784 312,283 17,381 0 $ 684,466 430,388 785,450 642,484 35,519 0 $ 176,149 290,394 439,000 369,853 36,789 0 $ 27,095 47,822 70,581 59,226 5,571 0 Total Operating 6,563,557 797,851 2,578,307 1,312,185 210,295 Research Special Funds 672,637 107,831 3,015,434 32,890 550,929 1,061 188,763 19,370 37,387 2,997 Total Research & Special 780,468 3,048,324 551,990 208,133 40,384 Extended Education: General Operating Dean's Office (CED Admin) Non-Degree Granting Courses Summer School & Evening Degree Granting Courses $ 7,344,025 $ 3,846,175 $ 3,130,297 $ 1,520,318 $ 250,679 $ 1,548,797 1,376,720 2,165,089 $ 12,914 132,428 846,132 $ 3,015,080 134,060 5,163 $ 720,491 193,520 310,673 $ 99,688 34,787 64,655 Total Operating 5,090,606 991,474 3,154,303 1,224,684 199,130 Research Special Funds 3,024 56,502 8,771 3,352 3,497 242,081 722 25,211 189 3,953 Total Research & Special 59,526 12,123 245,578 25,933 4,142 $ 5,150,132 56 $ 1,003,597 $ 3,399,881 $ 1,250,617 $ 203,272 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ $ $ 15,305 371,728 92,026 29,525 Equipment Alter.,Etc. $ 1,103 155,283 537 9,538 InterDepartmental Income Gross Expenditure $ 1,131,139 1,323,646 437,090 2,226,222 $ 0 21,974 0 Sales of Goods & Services $ 0 19,235 0 March 31, 2006 $ 1,131,139 1,282,437 437,090 2,226,222 March 31, 2005 $ 1,143,779 1,444,914 448,532 2,026,355 22,967 11,791 7,908 9,410 2,355,067 347,454 0 0 0 0 2,355,067 347,454 2,245,054 308,183 543,342 183,779 7,820,618 21,974 19,235 7,779,409 7,616,817 495,207 (4,875) 33,982 0 794,247 (4,973) 0 0 0 0 794,247 (4,973) 575,236 27,621 490,332 33,982 789,274 0 0 789,274 602,857 1,033,674 370,402 148,674 182,328 198,738 37,090 (1,262) $ 217,761 $ 8,609,892 $ 21,974 $ 19,235 $ 8,568,683 $ 8,219,674 $ 385,668 43,446 79,135 65,745 20,854 502 $ 2,253,971 2,740,156 4,118,105 3,522,610 359,433 (760) $ 89,656 39,882 59,665 47,107 0 0 $ 9,228 58,487 63,297 34,793 0 0 $ 2,155,087 2,641,787 3,995,143 3,440,710 359,433 (760) $ 1,659,338 2,707,019 3,624,794 3,431,280 405,310 24,969 935,970 595,350 12,993,515 0 236,310 165,805 12,591,400 11,852,710 4,142,741 45,989 1,471,033 6,442 10,078,924 216,580 0 0 0 0 10,078,924 216,580 9,504,394 286,725 4,188,730 1,477,475 10,295,504 0 0 10,295,504 9,791,119 $ 5,124,700 $ 2,072,825 $ 23,289,019 $ 236,310 $ 165,805 $ 22,886,904 $ 21,643,829 $ 484,497 1,921,159 752,356 $ 228,530 248,036 1,672 $ 6,109,997 4,040,710 4,145,740 $ 75,706 0 0 $ 68,403 0 99,353 $ 5,965,888 4,040,710 4,046,387 $ 5,828,149 5,052,968 3,629,796 $ 3,158,012 478,238 14,296,447 75,706 167,756 14,052,985 14,510,913 21,152 202,205 246 28,200 37,601 561,504 0 0 0 0 37,601 561,504 7,904 516,402 223,357 28,446 599,105 0 0 599,105 524,306 3,381,369 $ 506,684 $ 14,895,552 $ 75,706 57 $ 167,756 $ 14,652,090 $ 15,035,219 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 5) Salaries and Wages Special Academic Academic Graduate Studies: General Operating Dean's Office $ Total Operating 113,250 $ 47,733 Staff Benefits Support $ 543,175 $ 104,686 Payroll Tax Levy $ 14,329 113,250 47,733 543,175 104,686 14,329 Research Special Funds 0 0 3,186,888 0 0 0 38 0 14 0 Total Research & Special 0 3,186,888 0 38 14 Human Ecology: General Operating Dean's Office General Faculty Clothing and Textiles Family Studies Human Nutritional Sciences $ 113,250 $ 3,234,621 $ 543,175 $ 104,724 $ 14,343 $ 95,979 5,009 307,872 937,861 843,061 $ 1,267 13,952 6,729 33,463 58,012 $ 65,394 235,671 88,834 35,284 95,015 $ 21,803 38,096 58,739 134,137 129,814 $ 3,519 5,238 8,703 21,678 21,294 Total Operating 2,189,782 113,423 520,198 382,589 60,432 Research Special Funds 23,811 0 321,541 0 138,004 0 37,882 0 7,203 0 Total Research & Special 23,811 321,541 138,004 37,882 7,203 $ 2,213,593 58 $ 434,964 $ 658,202 $ 420,471 $ 67,635 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ $ $ $ 1,095,118 Equipment Alter.,Etc. $ 60,511 InterDepartmental Income Gross Expenditure $ 1,978,802 $ 0 Sales of Goods & Services $ 38,947 March 31, 2006 $ 1,939,855 March 31, 2005 $ 910,388 1,095,118 60,511 1,978,802 0 0 38,947 1,939,855 910,388 0 0 0 0 3,186,940 0 0 0 0 0 3,186,940 0 2,917,195 0 0 0 3,186,940 0 0 3,186,940 2,917,195 1,095,118 (10,512) 140,996 16,300 45,659 40,667 $ 60,511 $ 5,165,742 $ 0 $ 38,947 $ 5,126,795 $ 3,827,583 $ 15,086 54,020 678 39 12,503 $ 192,536 492,982 487,855 1,208,121 1,200,366 $ 0 0 0 0 1,386 $ 0 0 88,010 6,088 0 $ 192,536 492,982 399,845 1,202,033 1,198,980 $ 109,863 494,705 338,642 1,063,181 1,219,640 233,110 82,326 3,581,860 1,386 94,098 3,486,376 3,226,031 655,076 259 168,672 0 1,352,189 259 0 0 0 0 1,352,189 259 1,215,400 0 655,335 168,672 1,352,448 0 0 1,352,448 1,215,400 888,445 $ 250,998 $ 4,934,308 $ 1,386 59 $ 94,098 $ 4,838,824 $ 4,441,431 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 6) Salaries and Wages Special Academic Academic I. H. Asper School of Business: General Operating Dean's Office General Faculty Accounting and Finance Warren Centre for Actuarial Study and Research Business Administration Marketing Supply Chain Management Transport Institute $ 33,346 56,328 2,409,811 $ 0 141,883 36,708 Staff Benefits Support $ 137,098 1,073,445 87,967 $ 24,081 173,562 314,853 Payroll Tax Levy $ 3,714 25,807 54,620 284,874 1,875,698 1,106,710 827,407 2,272 4,416 92,608 41,534 121,275 58,892 19,853 78,852 205,293 20,017 186,882 39,443 247,798 168,323 115,748 37,644 6,682 44,120 29,208 20,852 5,436 6,596,446 497,316 1,809,407 1,121,452 190,439 Research Special Funds 14,633 0 171,010 987 128,277 5,655 27,674 648 5,283 142 Total Research & Special 14,633 171,997 133,932 28,322 5,425 Total Operating Law: General Operating Dean's Office General Faculty $ 6,611,079 $ 669,313 $ 1,943,339 $ 1,149,774 $ 195,864 $ 364,779 2,380,791 $ 23,824 0 $ 219,415 342,914 $ 78,366 335,699 $ 13,144 58,811 Total Operating 2,745,570 23,824 562,329 414,065 71,955 Research Special Funds 6,000 0 43,147 42,666 3,000 0 3,656 2,792 953 917 Total Research & Special 6,000 85,813 3,000 6,448 1,870 $ 2,751,570 60 $ 109,637 $ 565,329 $ 420,513 $ 73,825 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 446 945,472 47,563 Equipment Alter.,Etc. $ 7,343 196,581 16,182 InterDepartmental Income Gross Expenditure $ 206,028 2,613,078 2,967,704 $ 0 0 0 Sales of Goods & Services $ 0 48,109 0 March 31, 2006 $ 206,028 2,564,969 2,967,704 March 31, 2005 $ 184,032 2,751,437 2,715,385 3,138 37,353 96,620 4,152 61,782 6,521 14,286 5,666 101 28,705 364,927 2,390,715 1,653,354 1,109,552 381,613 0 0 0 0 159,499 0 0 1,959 0 0 364,927 2,390,715 1,651,395 1,109,552 222,114 358,715 2,687,110 1,526,516 750,522 241,025 1,196,526 275,385 11,686,971 159,499 50,068 11,477,404 11,214,742 323,527 355,493 31,094 18,092 701,498 381,017 0 0 0 0 701,498 381,017 708,862 323,539 679,020 49,186 1,082,515 0 0 1,082,515 1,032,401 $ 1,875,546 $ 324,571 $ 12,769,486 $ 159,499 $ 50,068 $ 12,559,919 $ 12,247,143 $ 650,236 59 $ 84,365 0 $ 1,434,129 3,118,274 $ 9,000 0 $ 49,467 0 $ 1,375,662 3,118,274 $ 1,014,252 2,912,151 $ 650,295 84,365 4,552,403 9,000 49,467 4,493,936 3,926,403 10,213 6,014 0 3,091 66,969 55,480 0 0 0 0 66,969 55,480 66,731 61,403 16,227 3,091 122,449 0 0 122,449 128,134 666,522 $ 87,456 $ 4,674,852 $ 9,000 61 $ 49,467 $ 4,616,385 $ 4,054,537 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 7) Salaries and Wages Special Academic Academic Medicine: General Operating Dean's Office General Faculty Centre for the Advancement of Medicine Anaesthetics Anatomy Biochemistry and Molecular Biology Central Animal Care Clinical Health Psychology Community Health Sciences Computer-Operating and Rentals Continuing Medical Education Educational Development Family Practice Unit Immunology Internal Medicine Microbiology Obstetrics and Gynaecology Ophthalmology Otolaryngology Pediatrics and Child Health Pathology Pharmacology and Therapeutics Physiology Psychiatry Radiology School of Medical Rehabilitation Surgery $ 595,935 721,201 159,663 367,953 1,069,926 1,292,575 0 194,177 1,529,263 0 156,748 178,992 349,748 385,255 2,577,218 673,374 596,166 48,595 103,663 1,035,134 294,033 1,151,559 1,827,918 354,307 185,912 2,499,327 693,750 $ 10,875 137,144 0 62,281 18,102 10,170 3,000 0 72,366 0 307,896 186,171 67,317 47,906 135,055 30,608 18,008 0 3,300 8,257 37,787 11,045 22,111 125,102 0 87,284 75,075 Staff Benefits Support $ 738,351 319,974 0 141,294 156,610 187,764 721,976 30,228 350,715 55,394 255,549 600,116 253,417 45,669 345,806 158,649 151,187 0 35,608 121,832 47,782 105,229 113,615 121,561 38,868 462,271 216,669 $ 178,999 157,451 4,838 97,510 166,305 208,596 125,486 31,573 266,576 8,171 94,807 139,595 123,743 58,314 461,011 111,969 134,071 7,077 31,721 210,846 42,431 156,064 241,831 154,943 32,231 408,831 385,679 Payroll Tax Levy $ 29,400 25,448 3,591 12,535 27,168 33,719 15,807 4,836 43,244 1,216 15,600 21,003 14,509 9,433 65,784 21,247 16,610 1,035 3,153 25,260 9,708 27,036 42,006 13,943 4,861 65,652 24,317 Total Operating 19,042,392 1,476,860 5,776,134 4,040,669 578,121 Research Special Funds 2,731,807 312,392 10,128,567 1,076,535 7,420,056 3,851,829 2,056,125 530,406 327,066 90,869 Total Research & Special 3,044,199 11,205,102 11,271,885 2,586,531 417,935 $ 22,086,591 62 $ 12,681,962 $ 17,048,019 $ 6,627,200 $ 996,056 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ $ 1,083,192 557,569 32,135 24,132 141,913 31,695 440,189 31,241 278,446 7,203 423,798 445,964 587,751 183,177 94,544 147,299 11,198 3,035 28,882 57,840 378,578 90,732 127,099 18,898 81,928 1,597,020 192,774 Equipment Alter.,Etc. $ 57,163 220,835 566 14,010 69,814 67,698 109,770 (157) 70,029 9,661 42,159 41,573 198,743 87,711 13,354 24,831 1,077 0 0 57,012 200,619 44,649 64,276 27,843 19,778 251,664 5,687 InterDepartmental Income Gross Expenditure $ 2,693,915 2,139,622 200,793 719,715 1,649,838 1,832,217 1,416,228 291,898 2,610,639 81,645 1,296,557 1,613,414 1,595,228 817,465 3,692,772 1,167,977 928,317 59,742 206,327 1,516,181 1,010,938 1,586,314 2,438,856 816,597 363,578 5,372,049 1,593,951 $ 0 127,325 0 0 24,519 16,276 839,068 0 72,292 0 22,863 0 0 0 0 0 0 0 0 0 0 0 22,791 0 0 0 0 Net Expenditure Sales of Goods & Services $ 0 221,337 0 0 13,000 2,117 140,293 101,900 705,936 0 645 10,915 64,216 41,749 0 0 0 0 0 0 21,335 0 5,235 0 0 1,100 4,398 March 31, 2006 $ 2,693,915 1,790,960 200,793 719,715 1,612,319 1,813,824 436,867 189,998 1,832,411 81,645 1,273,049 1,602,499 1,531,012 775,716 3,692,772 1,167,977 928,317 59,742 206,327 1,516,181 989,603 1,586,314 2,410,830 816,597 363,578 5,370,949 1,589,553 March 31, 2005 $ 1,524,161 1,604,875 206,653 686,358 1,701,997 1,817,338 414,148 162,232 1,779,117 83,502 955,480 1,440,783 1,247,469 737,956 3,520,957 1,241,771 876,553 60,884 174,732 1,494,361 873,428 1,522,983 2,298,404 695,864 322,572 4,536,928 1,408,600 7,098,232 1,700,365 39,712,773 1,125,134 1,334,176 37,253,463 33,390,106 23,270,428 10,896,060 1,574,906 243,689 47,508,955 17,001,780 0 0 0 0 47,508,955 17,001,780 44,944,727 16,181,387 34,166,488 1,818,595 64,510,735 0 0 64,510,735 61,126,114 41,264,720 $ 3,518,960 $ 104,223,508 $ 1,125,134 63 $ 1,334,176 $ 101,764,198 $ 94,516,220 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 8) Salaries and Wages Special Academic Academic Music: General Operating Director's Office Sch. Of Music-course $ Total Operating 2,171,833 0 $ 177,295 0 Staff Benefits Support $ 268,413 0 $ 338,089 0 Payroll Tax Levy $ 56,401 0 2,171,833 177,295 268,413 338,089 56,401 Research Special Funds 0 0 3,340 0 0 1,080 261 58 84 23 Total Research & Special 0 3,340 1,080 319 107 Nursing: General Operating Dean's Office Special Nursing Program Social Work-Aging $ 2,171,833 $ 180,635 $ 269,493 $ 338,408 $ 56,508 $ 2,894,828 361,435 4,566 $ 2,274,301 10,332 0 $ 955,590 168,130 0 $ 886,047 81,703 838 $ 134,678 11,481 99 Total Operating 3,260,829 2,284,633 1,123,720 968,588 146,258 Research Special Funds 362,532 20,769 155,651 2,000 108,412 4,719 46,008 1,694 8,483 541 Total Research & Special 383,301 157,651 113,131 47,702 9,024 $ 3,644,130 66 $ 2,442,284 $ 1,236,851 $ 1,016,290 $ 155,282 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 768,098 436 Equipment Alter.,Etc. $ 54,573 0 InterDepartmental Income Gross Expenditure $ 3,834,702 436 $ 0 0 Sales of Goods & Services $ 110,774 0 March 31, 2006 $ 3,723,928 436 March 31, 2005 $ 3,979,791 1,633 768,534 54,573 3,835,138 0 110,774 3,724,364 3,981,424 2,484 5,016 0 600 6,169 6,777 0 0 0 0 6,169 6,777 864 5,175 7,500 600 12,946 0 0 12,946 6,039 $ 776,034 $ 55,173 $ 3,848,084 $ 0 $ 110,774 $ 3,737,310 $ 3,987,463 $ 547,921 43,061 3,101 $ 369,659 0 0 $ 8,063,024 676,142 8,604 $ 149,008 0 0 $ 46,354 0 0 $ 7,867,662 676,142 8,604 $ 8,263,469 567,608 7,367 $ 594,083 369,659 8,747,770 149,008 46,354 8,552,408 8,838,444 204,416 14,680 93,623 2,123 979,125 46,526 0 0 0 0 979,125 46,526 673,645 60,801 219,096 95,746 1,025,651 0 0 1,025,651 734,446 813,179 $ 465,405 $ 9,773,421 $ 149,008 65 $ 46,354 $ 9,578,059 $ 9,572,890 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 9) Salaries and Wages Special Academic Academic Pharmacy: General Operating Dean's Office $ Total Operating 1,676,022 $ 41,191 Staff Benefits Support $ 308,361 $ 275,653 Payroll Tax Levy $ 43,769 1,676,022 41,191 308,361 275,653 43,769 Research Special Funds 246,487 0 469,576 0 233,015 0 79,690 0 13,116 0 Total Research & Special 246,487 469,576 233,015 79,690 13,116 $ 1,922,509 $ 510,767 $ 541,376 $ 355,343 $ 56,885 $ 1,538,433 235,490 $ 65,964 44,487 $ 302,452 36,273 $ 254,474 39,207 $ 41,477 6,919 Physical Education and Recreation Studies General Operating Dean's Office Sports Institute Total Operating 1,773,923 110,451 338,725 293,681 48,396 Research Special Funds 156,068 62,853 514,230 9,626 68,458 0 56,680 9,613 11,195 1,726 Total Research & Special 218,921 523,856 68,458 66,293 12,921 School of Art: General Operating Director's Office $ 1,992,844 $ 634,307 $ 407,183 $ 359,974 $ 61,317 $ 1,760,536 $ 21,735 $ 352,205 $ 293,037 $ 45,812 Total Operating Research Special Funds Total Research & Special $ 1,760,536 21,735 352,205 293,037 45,812 500 500 6,605 0 2,807 715 338 130 151 26 1,000 6,605 3,522 468 177 1,761,536 66 $ 28,340 $ 355,727 $ 293,505 $ 45,989 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 185,529 Equipment Alter.,Etc. $ 45,882 InterDepartmental Income Gross Expenditure $ 2,576,407 $ 0 Sales of Goods & Services $ 0 March 31, 2006 $ 2,576,407 March 31, 2005 $ 2,512,446 185,529 45,882 2,576,407 0 0 2,576,407 2,512,446 390,877 0 101,283 0 1,534,044 0 0 0 0 0 1,534,044 0 1,070,515 673 390,877 101,283 1,534,044 0 0 1,534,044 1,071,188 $ 576,406 $ 147,165 $ 4,110,451 $ 0 $ 0 $ 4,110,451 $ 3,583,634 $ 117,505 15,545 $ 367,544 10,320 $ 2,687,849 388,241 $ 0 0 $ 7,738 23,740 $ 2,680,111 364,501 $ 2,548,694 388,151 133,050 377,864 3,076,090 0 31,478 3,044,612 2,936,845 295,585 252,460 56,182 124,840 1,158,398 461,118 0 0 0 0 1,158,398 461,118 896,249 424,338 548,045 181,022 1,619,516 0 0 1,619,516 1,320,587 $ 681,095 $ 558,886 $ 4,695,606 $ 0 $ 31,478 $ 4,664,128 $ 4,257,432 $ 197,847 $ 55,013 $ 2,726,185 $ 2,430 $ 31,955 $ 2,691,800 $ 2,533,734 $ 197,847 55,013 2,726,185 0 2,430 31,955 2,691,800 2,533,734 22,757 4,237 258 1,011 33,416 6,619 0 0 0 0 33,416 6,619 18,637 18,356 26,994 1,269 40,035 0 0 40,035 36,993 224,841 $ 56,282 $ 2,766,220 $ 2,430 67 $ 31,955 $ 2,731,835 $ 2,570,727 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 10) Salaries and Wages Special Academic Academic Science: General Operating Dean's Office General Faculty Applied Mathematics Astronomy/Planetarium Biological Sciences Botany Chemistry Computer Science Delta Research Station Mathematics Microbiology Physics Statistics Zoology $ Total Operating 166,056 60,398 0 4,146 89,256 1,087,323 1,878,554 2,768,603 575 3,193,429 1,075,221 1,987,737 1,321,297 1,739,676 $ 5,164 392,058 15,914 7,924 87,037 53,638 183,540 154,849 3,112 145,729 63,654 92,292 55,448 75,344 Staff Benefits Support $ 782,703 332,676 0 55,194 105,462 180,792 535,924 374,214 175,024 183,477 126,369 321,025 54,833 362,227 $ 151,501 58,998 2,986 9,540 34,084 176,282 346,947 428,782 24,597 439,253 179,258 316,350 186,461 290,382 Payroll Tax Levy $ 20,840 9,264 343 1,456 5,767 28,409 55,856 70,850 3,845 75,223 27,139 51,867 30,768 47,187 15,372,271 1,335,703 3,589,920 2,645,421 428,814 Research Special Funds 268,308 3,000 2,899,505 26,232 458,350 102 208,409 320 37,939 172 Total Research & Special 271,308 2,925,737 458,452 208,729 38,111 $ 15,643,579 68 $ 4,261,440 $ 4,048,372 $ 2,854,150 $ 466,925 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ $ 63,776 261,158 1,941 8,146 40,537 75,780 421,231 147,152 80,291 126,069 129,019 97,631 83,750 174,808 Equipment Alter.,Etc. $ 233,402 246,034 3,458 1,400 14,041 27,798 87,989 91,937 17,487 21,442 69,991 109,273 32,400 97,221 InterDepartmental Income Gross Expenditure $ 1,423,442 1,360,586 24,642 87,806 376,184 1,630,022 3,510,041 4,036,387 304,931 4,184,622 1,670,651 2,976,175 1,764,957 2,786,845 $ 0 46,875 0 0 0 1,271 258,592 0 51,394 0 0 28,420 5,990 55,901 Net Expenditure Sales of Goods & Services $ 0 192,218 5,540 332 0 10,292 22,385 0 76,234 13,050 0 0 2,634 744 March 31, 2006 $ 1,423,442 1,121,493 19,102 87,474 376,184 1,618,459 3,229,064 4,036,387 177,303 4,171,572 1,670,651 2,947,755 1,756,333 2,730,200 March 31, 2005 $ 1,316,072 1,470,176 50,471 88,418 363,136 1,621,491 3,301,670 3,688,094 148,823 4,144,214 1,609,566 2,905,496 1,629,273 2,637,022 1,711,289 1,053,873 26,137,291 448,443 323,429 25,365,419 24,973,922 2,378,496 37,868 982,177 2,298 7,233,184 69,992 0 0 0 0 7,233,184 69,992 7,860,565 386,450 2,416,364 984,475 7,303,176 0 0 7,303,176 8,247,015 4,127,653 $ 2,038,348 $ 33,440,467 $ 448,443 69 $ 323,429 $ 32,668,595 $ 33,220,937 Table of Contents Schedule 9 Net Academic Faculty Expenditure by Account and Funding (Page 11) Salaries and Wages Special Academic Academic Social Work: General Operating Dean's Office Elizabeth Hill Counselling Centre WEC Access Northern Social Work $ Total Operating 2,129,536 97,938 791,350 429,718 $ 29,392 28,914 47,253 7,623 Staff Benefits Support $ 400,201 120,818 123,547 159,839 $ 339,065 38,485 126,275 87,708 Payroll Tax Levy $ 55,214 5,386 20,745 12,919 3,448,542 113,182 804,405 591,533 94,264 Research Special Funds 137,508 9,999 46,673 33,317 42,202 80,413 12,253 14,267 2,440 2,635 Total Research & Special 147,507 79,990 122,615 26,520 5,075 University 1 General Operating Director's Office $ 3,596,049 $ 193,172 $ 927,020 $ 618,053 $ 99,339 $ 308,525 $ 95,626 $ 519,145 $ 136,017 $ 19,955 Total Operating 308,525 95,626 519,145 136,017 19,955 Research Special Funds 0 0 0 0 0 0 0 0 0 0 Total Research & Special 0 0 0 0 0 $ 308,525 70 $ 95,626 $ 519,145 $ 136,017 $ 19,955 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 194,571 12,532 186,696 127,454 Equipment Alter.,Etc. $ 62,582 41,985 65,738 96,457 InterDepartmental Income Gross Expenditure $ 3,210,561 346,058 1,361,604 921,718 $ 113,011 3,714 0 0 Sales of Goods & Services $ 13,224 19,982 0 40,103 March 31, 2006 $ 3,084,326 322,362 1,361,604 881,615 March 31, 2005 $ 3,144,136 195,411 1,155,403 922,888 521,253 266,762 5,839,941 116,725 73,309 5,649,907 5,417,838 325,610 47,897 2,808 84,078 569,494 272,606 0 0 0 0 569,494 272,606 567,772 214,000 373,507 86,886 842,100 0 0 842,100 781,772 $ 894,760 $ 353,648 $ 6,682,041 $ 116,725 $ 73,309 $ 6,492,007 $ 6,199,610 $ 158,114 $ 93,389 $ 1,330,771 $ 4,225 $ 9,235 $ 1,317,311 $ 981,041 $ 158,114 93,389 1,330,771 4,225 9,235 1,317,311 981,041 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 158,114 $ 93,389 $ 1,330,771 $ 4,225 71 $ 9,235 $ 1,317,311 $ 981,041 Table of Contents Schedule 9 Grand Total of Net Academic Faculty Expenditure by Account and Funding (Page 12) Salaries and Wages Special Academic Academic Total Academic: General Operating $ Total Operating 117,846,960 $ 10,442,725 Staff Benefits Support $ 35,495,482 $ 22,440,549 Payroll Tax Levy $ 3,525,869 117,846,960 10,442,725 35,495,482 22,440,549 3,525,869 Research Special Funds 5,097,886 573,846 26,298,467 1,255,616 10,754,312 4,226,574 3,196,426 612,813 542,820 105,219 Total Research & Special 5,671,732 27,554,083 14,980,886 3,809,239 648,039 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 123,518,692 $ 37,996,808 $ 50,476,368 $ 26,249,788 $ 4,173,908 $ 117,846,960 $ 10,442,725 $ 35,495,482 $ 22,440,549 $ 3,525,869 Less: Capital Equipment & Betterments Expensed Add: Sales of Goods & Services 0 0 0 0 0 117,846,960 10,442,725 35,495,482 22,440,549 3,525,869 Total Research Total Special 5,097,886 573,846 26,298,467 1,255,616 10,754,312 4,226,574 3,196,426 612,813 542,820 105,219 Total Research & Special Less: Capital Equipment & Betterments Expensed 5,671,732 27,554,083 14,980,886 3,809,239 648,039 0 0 0 0 0 $ 5,671,732 72 $ 27,554,083 $ 14,980,886 $ 3,809,239 $ 648,039 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ 25,920,138 Equipment Alter.,Etc. $ 8,047,823 InterDepartmental Income Gross Expenditure $ 223,719,546 $ 2,566,073 Net Expenditure Sales of Goods & Services $ 7,839,145 March 31, 2006 $ 213,314,328 March 31, 2005 $ 202,818,244 25,920,138 8,047,823 223,719,546 2,566,073 7,839,145 213,314,328 202,818,244 37,465,305 12,141,402 7,290,056 526,403 90,645,273 19,441,873 0 0 0 0 90,645,273 19,441,873 83,177,714 19,042,170 49,606,707 7,816,459 110,087,145 0 0 110,087,145 102,219,884 $ 75,526,845 $ 15,864,282 $ 333,806,691 $ 2,566,073 $ 7,839,145 $ 323,401,473 $ 305,038,128 $ 25,920,138 $ 8,047,823 $ 223,719,546 $ (2,566,073) $ (7,839,145) $ 213,314,328 $ 202,818,244 0 (7,358,240) 0 (7,358,240) (5,769,537) 7,839,145 7,839,145 7,744,673 0 213,795,233 204,793,380 689,583 216,361,306 37,465,305 12,141,402 7,290,056 526,403 90,645,273 19,441,873 90,645,273 19,441,873 83,177,714 19,042,170 49,606,707 7,816,459 110,087,145 110,087,145 102,219,884 49,606,707 (5,816,811) $ 1,999,648 (2,566,073) 0 25,920,138 0 $ (7,358,240) (5,816,811) $ (5,816,811) 104,270,334 $ 73 104,270,334 (3,738,371) $ 98,481,513 Table of Contents Schedule10 Net Other Academic Expenditure by Account and Funding (Page 1) Salaries and Wages Special Academic Academic Information Systems & Technology; General Operating Communication Systems Computer Centre Administrative Data Centre Computer Equipment System Development & Renewal IST-UMINFO $ 0 0 0 0 0 0 $ 0 0 0 0 0 0 Staff Benefits Support $ 1,905,495 3,529,428 2,839,078 0 0 104,074 $ 310,130 536,826 428,005 0 0 15,679 Payroll Tax Levy $ 41,676 77,234 62,365 0 0 2,301 Total Operating 0 0 8,378,075 1,290,640 183,576 Research Special Funds 0 0 0 0 0 0 0 0 0 0 Total Research & Special 0 0 0 0 0 Institutes, Centres and Specialized Academic Units: General Operating Centre For Aging Richardson Centre Centre For Higher Education RESOLVE Mosaic Prairie Theater Exchange St.Boniface College University of Manitoba Press $ 0 $ 0 $ 8,378,075 $ 1,290,640 $ 183,576 $ 4,625 0 72,243 0 5,570 0 0 375 $ 11,793 0 53,521 60,046 8,646 0 0 3,693 $ 143,235 0 424,879 44,344 135,618 0 0 159,959 $ 24,377 0 78,435 10,668 20,265 0 0 26,871 $ 3,390 0 11,846 1,450 3,079 0 0 3,582 Total Operating 82,813 137,699 908,035 160,616 23,347 Research Special Funds 0 0 178,888 0 136,220 0 26,147 0 5,886 0 Total Research & Special 0 178,888 136,220 26,147 5,887 $ 82,813 74 $ 316,587 $ 1,044,255 $ 186,763 $ 29,234 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 165,760 67,872 17,467 752,306 0 4,898 Equipment Alter.,Etc. $ 212,734 1,076,247 0 4,922,919 0 7,089 InterDepartmental Income Gross Expenditure $ 2,635,795 5,287,607 3,346,915 5,675,225 0 134,041 $ 3,049,818 205,134 154,436 7,775 0 0 Sales of Goods & Services $ 247,907 72,133 0 66,866 0 0 March 31, 2006 $ (661,930) 5,010,340 3,192,479 5,600,584 0 134,041 March 31, 2005 $ (717,867) 4,546,046 3,427,986 5,036,758 (13,191) 232,053 1,008,303 6,218,989 17,079,583 3,417,163 386,906 13,275,514 12,511,785 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 1,008,303 $ 6,218,989 $ 17,079,583 $ 3,417,163 $ 386,906 $ 13,275,514 $ 12,511,785 $ 52,081 82,170 753,088 2,782 62,767 3,900 47,230 149,802 $ 6,259 1,989 37,865 1,900 254 0 0 4,292 $ 245,760 84,159 1,431,877 121,190 236,199 3,900 47,230 348,574 $ 17,649 0 76,156 100,892 0 0 0 0 $ 22,925 0 856,792 9,204 64,257 0 0 233,160 $ 205,186 84,159 498,929 11,094 171,942 3,900 47,230 115,414 $ 188,369 0 523,978 4,518 138,782 6,000 44,084 101,018 $ 1,153,820 52,559 2,518,889 194,697 1,186,338 1,137,854 1,006,749 302,903 15,323 2,529 0 652,573 15,323 0 0 0 0 652,573 15,323 692,414 11,332 318,226 2,529 667,897 0 0 667,897 703,746 1,472,046 $ 55,088 $ 3,186,786 $ 194,697 75 $ 1,186,338 $ 1,805,750 $ 1,710,495 Table of Contents Schedule 10 Net Other Academic Expenditure by Account and Funding (Page 2) Salaries and Wages Special Academic Academic Research Development: General Operating $ Total Operating 5,834 $ 109,620 Staff Benefits Support $ 256,870 $ 45,975 Payroll Tax Levy $ 7,055 5,834 109,620 256,870 45,975 7,055 Research Special Funds 0 0 0 0 0 0 0 0 0 0 Total Research & Special 0 0 0 0 0 5,834 109,620 256,870 45,975 7,055 Staff Development Program: General Operating $ 12,881 $ 12,881 Total Other Academic: General Operating $ Total Operating 101,528 2,007 $ 2,007 $ 249,326 49,634 $ 49,634 $ 9,592,614 358 $ 358 $ 1,497,589 22 22 $ 214,000 101,528 249,326 9,592,614 1,497,589 214,000 Research Special Funds 0 0 178,888 0 136,220 0 26,147 0 5,886 0 Total Research & Special 0 178,888 136,220 26,147 5,887 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 101,528 $ 428,214 $ 9,728,834 $ 1,523,736 $ 219,887 $ 101,528 $ 249,326 $ 9,592,614 $ 1,497,589 $ 214,000 Less: Capital Equipment & Betterments Expensed Add: Sales of Goods & Services Total Research Total Special Less: Capital Equipment & Betterments Expensed $ 0 0 0 0 0 101,528 249,326 9,592,614 1,497,589 214,000 0 0 178,888 0 136,220 0 26,147 0 5,886 0 0 178,888 136,220 26,147 5,887 0 0 0 0 0 0 76 $ 178,888 $ 136,220 $ 26,147 $ 5,887 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ $ 1,505,130 Equipment Alter.,Etc. $ $ 2,111,702 $ 0 Sales of Goods & Services $ 2,728,501 1,505,130 181,218 2,111,702 0 2,728,501 0 178,000 0 0 0 178,000 0 0 178,000 0 178,000 1,683,130 181,218 2,289,702 188,931 $ 188,931 $ 181,218 InterDepartmental Income Gross Expenditure Net Expenditure 3,856,184 6,059 $ 6,059 $ 6,458,825 0 259,892 $ $ 21,970,066 0 3,856,184 6,458,825 21,970,066 302,988 193,323 2,529 0 652,658 193,323 496,311 2,529 845,982 (616,799) $ 258,663 258,663 0 0 0 178,000 0 118,000 0 0 178,000 118,000 0 2,728,501 (438,799) 376,663 $ 0 $ $ March 31, 2005 (616,799) 0 259,892 March 31, 2006 3,611,860 0 $ 0 $ 3,611,860 4,301,745 $ 259,892 $ 4,301,745 0 259,892 0 14,056,461 0 276,190 276,190 $ 14,053,387 0 14,056,461 14,053,387 652,658 193,323 692,414 11,332 845,982 703,746 $ 4,352,495 $ 6,461,354 $ 22,816,048 $ 3,611,860 $ 4,301,745 $ 14,902,442 $ 14,757,133 $ 3,856,184 $ 6,458,825 $ 21,970,066 $ (3,611,860) $ (4,301,745) $ 14,056,461 $ 14,053,387 0 (1,764,926) (2,321,872) 4,301,745 4,301,745 2,918,718 0 16,593,280 14,650,233 4,693,899 20,205,140 302,988 193,323 2,529 0 652,658 193,323 652,658 193,323 692,414 129,332 496,311 2,529 845,982 845,982 821,746 496,311 (1,711) $ 818 (3,611,860) (1,764,926) 3,856,184 0 $ (1,764,926) (1,711) $ (1,711) 844,271 $ 77 844,271 (7,074) $ 814,672 Table of Contents Schedule 11 Net Library Expenditure by Account and Funding Salaries and Wages Special Academic Academic Libraries: General Operating Elizabeth Dafoe Library Agriculture Library Architecture and Fine Arts Library Dental Library Education Library Engineering Library Law Library Management Library Medical Library Music Library Science Library St. John's College Library St. Paul's College Library $ Total Operating 2,475,779 70,280 250,060 0 59,622 87,562 235,977 204,706 1,011,723 0 371,998 39,137 44,520 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 Staff Benefits Support $ 3,382,790 55,438 323,976 0 96,984 101,589 262,943 203,806 1,136,978 0 329,474 87,487 101,880 $ 905,570 18,543 90,421 0 25,513 29,281 73,965 54,031 340,198 0 104,416 20,167 22,564 Payroll Tax Levy $ 127,444 2,725 12,407 0 3,404 4,105 10,829 8,858 46,674 0 15,212 2,759 3,203 4,851,364 0 6,083,345 1,684,669 237,620 Research Special Funds 12,502 3,909 0 0 24,223 495 2,804 315 771 94 Total Research & Special 16,411 0 24,718 3,119 865 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 4,867,775 $ 0 $ 6,108,063 $ 1,687,788 $ 238,485 $ 4,851,364 $ 0 $ 6,083,345 $ 1,684,669 $ 237,620 $ 4,851,364 $ 0 $ 6,083,345 $ 1,684,669 $ 237,620 Less: Capital Equipment & Betterments Expensed Books & Periodicals Expensed Add: Sales of Goods & Services Total Research Total Special 12,502 3,909 Less: Capital Equipment & Betterments Expensed Books & Periodicals Expensed 0 0 0 0 $ 0 78 0 0 $ 0 $ 24,223 495 2,804 315 771 94 24,718 3,119 865 0 0 0 0 0 0 24,718 $ 3,119 $ 865 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 6,006,611 59,395 123,042 3,634 95,425 253,067 759,600 182,605 1,068,896 40,013 449,401 53,720 77,906 Equipment Alter.,Etc. $ 509,463 40 795 0 146 303 1,528 0 39,563 0 1,338 0 4,794 InterDepartmental Income Gross Expenditure $ 13,407,657 206,421 800,701 3,634 281,094 475,907 1,344,842 654,006 3,644,032 40,013 1,271,839 203,270 254,867 $ 4,148 0 0 0 0 0 483 0 1,808 0 0 0 0 Sales of Goods & Services $ 427,501 0 0 0 0 0 3,616 0 86,687 0 0 0 0 March 31, 2006 $ 12,976,008 206,421 800,701 3,634 281,094 475,907 1,340,743 654,006 3,555,537 40,013 1,271,839 203,270 254,867 March 31, 2005 $ 12,440,557 188,321 824,473 1,422 235,513 440,643 1,264,708 619,540 3,198,422 27,121 1,183,240 185,760 241,293 9,173,315 557,970 22,588,283 0 6,439 517,804 22,064,040 20,851,013 73,893 3,129 9,115 2,021 123,308 9,963 0 0 0 0 123,308 9,963 88,401 18,988 77,022 11,136 133,271 0 0 133,271 107,389 $ 9,250,337 $ 569,106 $ 22,721,554 $ 6,439 $ 517,804 $ 22,197,311 $ 20,958,402 $ 9,173,315 $ 557,970 $ 22,588,283 $ (6,439) $ (517,804) $ 22,064,040 $ 20,851,013 (420,361) (420,361) (7,955,789) (7,955,789) (420,361) (7,955,789) 517,804 $ 1,217,526 $ $ 14,212,133 $ (6,439) 517,804 $ 14,205,694 586,233 $ 13,506,253 73,893 3,129 9,115 2,021 123,308 9,963 123,308 9,963 88,401 18,988 77,022 11,136 116,860 133,271 107,389 0 0 $ 137,609 (285,507) (7,645,486) 77,022 (7,080) 0 $ 4,056 (7,080) 0 $ (7,080) 0 109,780 $ 79 126,191 (4,602) 0 $ 102,787 Table of Contents Schedule 12 Net Student Affairs Expenditure by Account and Funding Salaries and Wages Special Academic Academic General Operating Aboriginal Student Centre Alumni Association Enrolment Services Chaplain's Office Convocation Student Counselling & Career Centre English Language Centre Financial Aid and Awards Housing and Student life International Centre for Students Parent's Programs Playcare Centre Recreation and Athletics Special Programming Registrar's Office U.M.S.U. Special Projects University Health Services $ Total Operating 0 0 0 0 0 501,786 344,431 0 0 0 0 0 779,242 0 0 0 0 $ 0 0 0 0 0 51,921 456,477 11,000 0 3,110 0 0 907,282 312,001 0 0 0 Staff Benefits Support $ 187,460 75,831 1,079,547 0 74,854 151,501 162,823 207,145 39,771 380,394 0 114,255 2,031,003 1,204,219 1,229,022 0 535,730 $ 26,945 11,745 170,474 0 10,214 101,412 134,802 31,334 6,445 56,894 0 16,831 479,796 203,924 193,495 0 75,328 Payroll Tax Levy $ 4,035 1,665 23,531 0 1,624 15,221 20,753 4,501 888 8,350 0 2,565 80,642 31,080 26,895 0 11,738 1,625,459 1,741,791 7,473,555 1,519,639 233,488 Research Special Funds 0 0 527,506 2,735 0 838 0 241 0 76 Total Research & Special 0 530,241 838 241 76 $ Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating Less: Capital Equipment & Betterments Expensed 1,625,459 $ 2,272,032 $ 7,474,393 $ 1,519,880 $ 233,564 1,625,459 1,741,791 7,473,555 1,519,639 233,488 0 0 0 0 0 1,625,459 1,741,791 7,473,555 1,519,639 233,488 0 0 527,506 2,735 0 838 0 241 0 76 530,241 838 241 76 0 0 0 0 Add: Sales of Goods & Services Total Research Total Special Less: Capital Equipment & Betterments Expensed 0 $ 0 80 $ 530,241 $ 838 $ 241 $ 76 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ $ 60,060 539,204 226,069 2,171 152,193 48,611 409,677 158,431 14,852 68,279 20,326 8,825 1,487,932 391,490 327,309 9,000 67,142 Equipment Alter.,Etc. $ 7,436 0 80,929 0 66,333 4,253 100,647 4,863 0 11,815 0 15,792 260,990 27,791 27,738 0 14,379 InterDepartmental Income Gross Expenditure $ 285,936 628,445 1,580,550 2,171 305,218 874,705 1,629,610 417,274 61,956 528,842 20,326 158,268 6,026,887 2,170,505 1,804,459 9,000 704,317 $ 0 0 0 0 0 0 2,360 0 0 0 0 0 38,909 710 46,872 0 0 Sales of Goods & Services $ 0 0 0 0 0 10,147 302,026 0 0 14,591 0 30,540 4,307,293 88,653 0 0 450,496 March 31, 2006 $ $ 268,053 601,420 1,556,629 3,381 263,979 890,634 1,285,664 330,986 142,005 361,526 19,831 112,734 1,630,694 1,687,913 1,561,887 9,000 301,238 3,991,571 622,966 17,208,469 88,851 5,203,746 11,915,872 11,027,574 0 1,255 177,411 0 4,418 528,761 185,719 0 0 0 0 528,761 185,719 563,631 303,817 178,666 4,418 714,480 0 0 714,480 867,448 4,170,237 $ 3,991,571 627,384 $ 622,966 0 17,922,949 17,208,469 (212,131) $ 88,851 (88,851) (212,131) 0 $ 5,203,746 $ (5,203,746) 12,630,352 $ 11,915,872 0 (359,241) 5,203,746 5,202,687 16,907,487 15,871,020 3,991,571 410,835 16,996,338 1,255 177,411 0 4,418 528,761 185,719 528,761 185,719 563,631 303,817 178,666 4,418 714,480 714,480 867,448 0 0 0 0 0 178,666 $ 4,418 $ (88,851) 11,895,022 11,027,574 (212,131) 5,203,746 $ 285,936 628,445 1,580,550 2,171 305,218 864,558 1,325,224 417,274 61,956 514,251 20,326 127,728 1,680,685 2,081,142 1,757,587 9,000 253,821 March 31, 2005 714,480 $ 81 714,480 $ 867,448 Table of Contents Schedule 13 Net Administration Expenditure by Account and Funding Salaries and Wages Special Academic Academic General Operating President's Office Audit Services Financial Services Treasury Services Government Relations Human Resources Institutional Analysis University Accessibility International Relations Legal Services Office Machine Services Ombudsman Development and Advancement Services Public Affairs Staff Benefits Office University Centre Management University Secretariat Visitor Information Centre $ Total Operating 1,329,249 0 0 0 18,370 0 0 0 3,750 0 0 0 0 0 0 0 0 0 $ 31,078 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Staff Benefits Support $ 3,284,132 234,735 3,912,101 169,566 146,556 3,120,681 450,360 136,134 154,924 219,366 0 77,225 1,528,488 520,450 612,408 479,778 340,495 26,081 $ 628,706 35,400 595,705 23,320 22,716 429,234 67,858 18,582 26,967 29,447 0 12,824 236,673 65,693 97,850 69,771 48,576 2,798 Payroll Tax Levy $ 101,129 5,151 85,400 3,716 3,598 67,156 9,869 2,737 3,464 4,787 0 1,694 33,313 9,586 13,407 10,392 6,959 565 1,351,369 31,078 15,413,480 2,412,120 362,923 Research Special Funds 69,769 0 45,781 0 163,320 0 20,195 0 3,139 0 Total Research & Special 69,769 45,781 163,320 20,195 3,139 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 1,421,138 $ 76,859 $ 15,576,800 $ 2,432,315 $ 366,062 $ 1,351,369 $ 31,078 $ 15,413,480 $ 2,412,120 $ 362,923 Less: Capital Equipment & Betterments Expensed 0 0 0 0 0 1,351,369 31,078 15,413,480 2,412,120 362,923 69,769 0 45,781 0 163,320 0 20,195 0 3,139 0 69,769 45,781 163,320 20,195 3,139 0 0 0 0 0 Add: Sales of Goods & Services Total Research Total Special Less: Capital Equipment & Betterments Expensed $ 69,769 82 $ 45,781 $ 163,320 $ 20,195 $ 3,139 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 1,001,313 24,450 218,182 14,417 25,659 742,510 28,828 23,833 138,179 349,637 752 6,729 421,653 683,741 149,577 391,199 64,340 0 Equipment Alter.,Etc. $ 408,776 7,121 84,672 464 378 144,985 661 1,806 5,246 5,598 1,933 26 886 3,090 14,316 69,827 20,773 0 InterDepartmental Income Gross Expenditure $ 6,784,383 306,857 4,896,060 211,483 217,277 4,504,566 557,576 183,092 332,530 608,835 2,685 98,498 2,221,013 1,282,560 887,558 1,020,967 481,143 29,444 $ 225,716 0 15,516 0 0 312,843 0 0 0 0 0 0 0 199,420 0 0 0 0 Sales of Goods & Services $ 35,915 0 15,996 0 0 12,286 0 0 0 0 0 0 0 1,349 497,011 677,647 0 0 March 31, 2006 $ 6,522,752 306,857 4,864,548 211,483 217,277 4,179,437 557,576 183,092 332,530 608,835 2,685 98,498 2,221,013 1,081,791 390,547 343,320 481,143 29,444 March 31, 2005 $ 6,242,024 245,948 4,137,370 197,674 205,789 3,580,900 527,661 182,016 268,976 690,902 (11,542) 86,653 1,488,542 997,124 446,175 304,085 462,795 31,355 4,284,999 770,558 24,626,527 753,495 1,240,204 22,632,828 20,084,447 1,557,345 43,646 627,263 (502) 2,486,812 43,144 0 0 0 0 2,486,812 43,144 1,843,201 240,412 1,600,991 626,761 2,529,956 0 0 2,529,956 2,083,613 $ 5,885,990 $ 1,397,319 $ 0 27,156,483 $ 753,495 $ 1,240,204 $ 0 25,162,784 $ 0 22,168,060 $ 4,284,999 $ 770,558 $ 24,626,527 $ (753,495) $ (1,240,204) $ 22,632,828 $ 20,084,447 0 (496,833) (496,833) 1,240,204 1,240,204 1,272,139 0 23,376,199 20,950,887 273,725 24,129,694 1,557,345 43,646 627,263 (502) 2,486,812 43,144 2,486,812 43,144 1,843,201 240,412 1,600,991 626,761 2,529,956 2,529,956 2,083,613 1,600,991 (3,363) $ 623,398 (753,495) (405,699) 4,284,999 0 $ (496,833) (3,363) $ 2,526,593 (3,363) $ 0 83 $ 0 $ 2,526,593 (43,117) $ 2,040,496 Table of Contents Schedule 14 Net Physical Plant Expenditure by Account and Funding Salaries and Wages Special Academic Academic General Operating Insurance Physical Plant Security Utilities: Fuel-Fort Garry Fuel-Bannatyne Light, Power and Water Telephone Glenlea/Carmen Vehicle Fleet Waste Management Worker's Compensation Auto Fleet Repl-Re. Prov. $ 0 (804) 45 $ 0 0 0 0 0 0 0 0 Total Operating (759) 0 0 0 Staff Benefits Support $ 0 13,959,563 1,551,048 $ 0 2,361,003 230,107 Payroll Tax Levy $ 0 305,501 32,853 0 0 0 0 0 0 0 0 0 0 0 0 0 0 52,987 11,789 0 0 0 0 0 0 8,340 1,373 0 0 0 0 0 0 1,159 234 0 15,575,387 2,600,823 339,747 Research Special Funds 0 0 0 0 0 0 0 0 0 0 Total Research & Special 0 0 0 0 0 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ (759) $ 0 $ 15,575,387 $ 2,600,823 $ 339,747 $ (759) $ 0 $ 15,575,387 $ 2,600,823 $ 339,747 Less: Capital Equipment & Betterments Expensed 0 0 0 0 0 0 15,575,387 2,600,823 339,747 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Add: Sales of Goods & Services (759) Total Research Total Special Less: Capital Equipment & Betterments Expensed $ 0 84 $ 0 $ 0 $ 0 $ 0 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 1,576,986 1,346,307 96,303 Equipment Alter.,Etc. $ 10,296 7,243,075 83,707 InterDepartmental Income Gross Expenditure $ 1,587,282 25,214,645 1,994,063 $ 0 4,028,304 748,377 Sales of Goods & Services $ 0 495,301 2,569 March 31, 2006 $ 1,587,282 20,691,040 1,243,117 March 31, 2005 $ 4,001,961 1,801,465 4,416,015 1,317,621 133,214 (37,141) 1,745 561,957 0 1,590,873 19,664,756 1,153,274 5,892,174 1,877,450 5,467,325 1,317,621 133,214 4,375 9,457 658,989 0 144,072 0 0 0 36,962 16,496 0 5,892,174 2,021,522 5,467,325 1,317,621 133,214 41,337 88,439 672,385 0 796,108 188,311 625,562 0 0 77,468 0 0 1,094,105 31,746 425,748 0 0 1,010 86,694 110,428 3,921,846 1,771,576 3,819,373 1,426,174 113,035 (43,825) (16,709) 427,150 0 18,380,201 7,534,608 44,430,007 6,464,130 2,247,601 35,718,276 0 7,452 0 0 0 7,452 0 0 0 0 0 7,452 0 (2,012) 7,452 0 7,452 0 0 7,452 (2,012) 33,827,523 $ 18,387,653 $ 7,534,608 $ 44,437,459 $ 6,464,130 $ 2,247,601 $ 35,725,728 $ 33,825,511 $ 18,380,201 $ 7,534,608 $ 44,430,007 $ (6,464,130) $ (2,247,601) $ 35,718,276 $ 33,827,523 (3,286,417) (3,286,417) 2,247,601 $ 18,380,201 4,248,191 41,143,590 0 7,452 0 0 0 7,452 7,452 0 7,452 0 0 0 7,452 $ 0 $ 7,452 (6,464,130) 0 0 (3,286,417) (3,653,201) 2,247,601 2,176,281 34,679,460 32,350,603 0 7,452 0 (2,012) 7,452 (2,012) 0 $ 0 85 $ 0 $ 7,452 0 $ (2,012) Table of Contents Schedule 15 Net General Expenditure by Account and Funding Salaries and Wages Special Academic Academic General Operating Audit Fees/Memberships Bad Debt Campus Beautification Campus Planning Group Access Copyright Licence Fees Change in Vacation Pay Liability Employee Assistance Plan Exchange & Bank Charges Handicapped Transport Miscellaneous Outreach Programs President's Knight Fund Retiring Allowances Brodie Centre Executive Searches Supplementary Health & Dental Supplementary Pensions Shuttle Bus United Way Transfers To Other Institutes $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 0 0 0 0 0 0 0 0 0 7,005 0 0 0 0 0 0 0 0 0 Staff Benefits Support $ 0 0 0 0 0 0 0 0 0 0 4,247 0 0 0 0 0 0 0 0 0 $ 0 0 0 0 0 0 0 0 0 0 826 0 0 0 0 1,507,505 871,200 0 0 0 Payroll Tax Levy $ 0 0 0 0 0 0 0 0 0 0 242 0 0 0 0 0 0 0 0 0 Total Operating 0 7,005 4,247 2,379,531 242 Research Special Funds 0 0 0 0 0 2,573 0 0 0 0 Total Research & Special 0 0 2,573 0 0 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 0 $ 7,005 $ 6,820 $ 2,379,531 $ 242 $ 0 $ 7,005 $ 4,247 $ 2,379,531 $ 242 Less: Capital Equipment & Betterments Expensed 0 0 0 0 0 0 7,005 4,247 2,379,531 242 0 0 0 0 0 2,573 0 0 0 0 0 0 2,573 0 0 0 0 0 0 0 Add: Sales of Goods & Services Total Research Total Special Less: Capital Equipment & Betterments Expensed $ 0 86 $ 0 $ 2,573 $ 0 $ 0 Table of Contents Net Expenditure Deduct - Cost Recoveries Supplies and Expenses $ 259,705 528 3,435 0 43,512 754,479 225,309 (139,704) 40 159,960 7,905 24,148 0 0 3,625 0 0 211,516 5,718 541,081 Equipment Alter.,Etc. $ 2,101,257 0 0 0 0 58,952 0 0 0 2,815 0 2,962 0 0 0 0 0 0 1,171 51 0 InterDepartmental Income Gross Expenditure $ 65,951 259,705 528 3,435 0 102,464 754,479 225,309 (139,704) 2,855 159,960 23,187 24,148 0 0 3,625 1,507,505 871,200 212,687 5,769 541,081 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,558,233 0 Sales of Goods & Services $ 0 0 0 0 0 0 0 0 0 0 0 0 1,689 2,825 0 0 435,309 0 0 0 0 439,823 March 31, 2006 $ 259,705 528 3,435 0 102,464 754,479 225,309 (139,704) 2,855 159,960 23,187 24,148 (1,689) (2,825) 3,625 1,507,505 435,891 212,687 5,769 541,081 March 31, 2005 $ 4,118,410 0 340,240 84,388 2,033 14,750 222,280 808,898 205,875 495,745 2,966 144,732 24,187 30,369 (2,106) (2,485) 0 1,546,593 460,341 209,690 5,514 537,113 5,131,123 0 0 (10,113) 0 0 0 (7,540) 0 0 0 0 0 (7,540) 0 (4,206) (10,113) 0 (7,540) 0 0 (7,540) (4,206) $ 2,091,144 $ 65,951 $ 4,550,693 $ 0 $ 439,823 $ 4,110,870 $ 5,126,917 $ 2,101,257 $ 65,951 $ 4,558,233 $ 0 $ (439,823) $ 4,118,410 $ 5,131,123 0 (3,870) 2,101,257 62,081 (3,870) 4,554,363 0 (12,849) 439,823 439,823 466,484 0 4,554,363 5,584,758 0 (10,113) 0 0 0 (7,540) 0 (7,540) 0 (4,206) (10,113) 0 (7,540) (7,540) (4,206) 0 $ (3,870) (10,113) 0 $ 0 0 $ (7,540) 0 $ 0 87 $ 0 $ (7,540) 0 $ (4,206) Table of Contents Schedule 16 Grand Total of Net General Expenditure by Account and Funding (Total Schedules 9 to 15) Salaries and Wages Special Academic Academic General Operating $ Total Operating 125,775,921 $ 12,471,925 Staff Benefits Support $ 89,638,110 $ 34,534,920 Payroll Tax Levy $ 4,913,889 125,775,921 12,471,925 89,638,110 34,534,920 4,913,889 Research Special Funds 5,180,157 577,755 27,050,642 1,258,351 11,078,075 4,230,480 3,245,572 613,369 552,616 105,389 Total Research & Special 5,757,912 28,308,993 15,308,555 3,858,941 658,006 Reconciliation to Statement of Operations and Changes in Fund Balances Total Operating $ 131,533,833 $ 40,780,918 $ 104,946,665 $ 38,393,861 $ 5,571,895 $ 125,775,921 $ 12,471,925 $ 89,638,110 $ 34,534,920 $ 4,913,889 Less: Capital Equipment & Betterments Expensed Books & Periodicals Expensed Add: Sales of Goods & Services Total Research Total Special 125,775,921 12,471,925 89,638,110 34,534,920 4,913,889 5,180,157 577,755 27,050,642 1,258,351 11,078,075 4,230,480 3,245,572 613,369 552,616 105,389 5,757,912 28,308,993 15,308,555 3,858,941 658,006 Less: Capital Equipment & Betterments Expensed Books & Periodicals Expensed $ 5,757,912 88 $ 28,308,993 $ 15,308,555 $ 3,858,941 $ 658,006 Table of Contents Deduct - Cost Recoveries Supplies and Expenses $ 67,707,665 Equipment Alter.,Etc. $ 24,058,701 0 InterDepartmental Income Gross Expenditure $ 359,101,131 0 67,707,665 24,058,701 359,101,131 39,400,786 12,556,250 7,928,963 532,340 94,436,812 19,873,934 51,957,036 8,461,303 114,310,746 $ (13,490,848) Net Expenditure Sales of Goods & Services $ (13,490,848) (21,790,068) March 31, 2006 $ (21,790,068) 0 0 323,820,215 0 March 31, 2005 $ 307,793,311 0 323,820,215 307,793,311 94,436,812 19,873,934 86,365,361 19,728,501 114,310,746 106,093,862 $ 119,664,701 $ 32,520,004 $ 473,411,877 $ (13,490,848) $ (21,790,068) $ 438,130,960 $ 413,887,173 $ 67,707,665 $ 24,058,701 $ 359,101,131 $ (13,490,848) $ (21,790,068) $ 323,820,215 $ 307,793,311 (13,542,778) (13,542,778) (7,955,789) (7,955,789) 21,790,068 21,790,068 20,367,215 324,111,716 307,707,134 10,515,923 337,602,564 39,400,786 12,556,250 7,928,963 532,340 94,436,812 19,873,934 94,436,812 19,873,934 86,365,361 19,728,501 51,957,036 8,461,303 114,310,746 114,310,746 106,093,862 (5,828,965) 0 0 $ (12,807,906) (7,645,486) 59,751,876 (5,828,965) 51,957,036 $ 2,632,338 (13,490,848) (13,542,778) (7,955,789) $ (5,828,965) 0 108,481,781 $ 89 108,481,781 (3,793,164) 0 $ 102,300,698