Finances

Balance Sheet


(In thousands of dollars)
December 31, 2017, with comparative information for 2016


2017 2016
 
Assets    
Current assets:    
Cash $6,067 $4,363
Investments (note 5) 6,641 7,073
Accounts receivable 396 485
Deposits and prepaid expenses 174 251
 
Total current assets 13,278 12,172
     
Capital assets (note 2) 29,025 29,713
 
Sum of all assets $42,303 $41,885
 
Liabilities and Members' Equity    
Current liabilities:    
Accounts payable and accrued liabilities (note 3) $4,488 $4,346
Deferred revenue 665 649
Deferred salaries 239
Mortgage payable (note 4) 719 679
 
Total current liabilities 6,111 5,674
     
Mortgage payable (note 4) 14,761 15,480
Members' equity 21,431 20,731
Commitments and contingencies (notes 6 and 7)
 
Sum of all liabilities $42,303 $41,885
 

See accompanying notes to financial statements.

Approved on behalf of the Members:

Signature of Angela De Palma, OCT

Angela De Palma, OCT
Council Chair

Signature of Michael Salvatori, OCT

Michael Salvatori, OCT
Chief Executive Officer and Registrar