Ontario Trillium Foundation
STATEMENT OF CHANGES IN FINANCIAL POSITION
|
Year ended March 31 |
|
1996 |
1995 |
|
$ |
$ |
|
| OPERATING ACTIVITIES |
| Excess of revenue over expenses for the year |
556,357 |
124,648 |
| Add (deduct) non-cash items |
|
|
| Depreciation and amortization |
61,914 |
46,876 |
| Accrued interest |
(254,376) |
(328,641) |
| Other |
(34,545) |
(3,005) |
|
|
|
|
329,350 |
(160,122) |
| Program funds from the Ontario Ministry of Citizenship, Culture and Recreation |
12,867,621 |
16,772,900 |
| Grants distributed [note 4] |
(12,461,273) |
(16,690,654) |
| Non-grant contributions to the community |
(58,200) |
(235,511) |
|
| Cash provided by (used in) operation activities |
677,498 |
(313,387) |
|
INVESTING ACTIVITIES |
| Decrease (increase) in short-term investments, net |
(666,506) |
444,038 |
| Purchase of fixed assets, net |
(41,944) |
(149,157) |
|
| Cash provided by (used in) investing activities |
(708,450) |
294,881 |
|
|
|
| Net decrease in cash during the year |
(30,952) |
(18,506) |
| Cash, beginning of year |
58,819 |
77,325 |
|
| Cash, end of year |
27,867 |
58,819 |
|
| |
|
|
| Represented by |
|
|
| Operating Fund |
3,287 |
9,832 |
| Program Fund |
24,580 |
48,987 |
|
|
27,867 |
58,819 |
|
| See accompanying notes |
|
|
|
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