ASSOCIATION OF CANADIAN
COMMUNITY COLLEGES
Summarized Statement of
Operations
March 31, 2001, with comparative figures for 2000
|
2001 |
2000 |
| Revenue: |
| Projects |
$22,362,061 |
$27,507,434 |
| Less: direct project expenses |
19,003,789 |
23,324,730 |
|
----------------- |
----------------- |
| Net project contribution |
3,358,272 |
4,182,704 |
| Membership fees |
906,746 |
878,555 |
| Investment |
336,007 |
231,434 |
|
----------------- |
----------------- |
|
4,601,025 |
5,292,693 |
| Expenses: |
| Human resources |
3,311,962 |
3,474,207 |
| Amortization of capital assets |
93,125 |
98,371 |
| Other |
1,090,826 |
1,782,368 |
|
----------------- |
----------------- |
|
4,495,913 |
5,354,946 |
|
----------------- |
----------------- |
| Excess of revenue over expense
(expense over revenue) for the year |
$105,112 |
$ (62,253) |
|
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