ASSOCIATION OF CANADIAN COMMUNITY COLLEGES
Summarized Statement of Operations
March 31, 2000, with comparative figures for 1999
|
2000 |
1999 |
| Revenue: |
| Projects |
$27,507,434 |
$27,284,176 |
| Less: direct project expenses |
23,324,730 |
23,576,075 |
|
----------------- |
----------------- |
| Net project contribution |
4,182,704 |
3,708,101 |
| Membership fees |
878,555 |
836,722 |
| Investment income |
231,434 |
210,858 |
|
----------------- |
----------------- |
|
5,292,693 |
4,755,681 |
|
----------------- |
----------------- |
| Expenses: |
| Human resources |
3,474,207 |
3,231,696 |
| Amortization of capital assets |
98,371 |
128,096 |
| Other |
1,782,368 |
1,342,717 |
|
----------------- |
----------------- |
|
$ 5,354,946 |
$ 4,702,509 |
|
----------------- |
----------------- |
| Excess of revenue over expense (expense over
revenue) for the year |
$ (62,253) |
$ 53,172 |
|
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|
