Financials - Frontier College

Statement of Operations

Operating Revenue	2017	2016
Government	4,724,958	3,153,658
Fundraising	2,441,314	2,427,578
Frontier College Foundation Grants	652,000	866,321
New Readers Bookstore	179,421	113,139
Fee for Service & Other Income	529,319	454,785
Total Operating Revenue	8,527,012	7,015,481
Operating Expenses	2017	2016
Salaries and Benefits	5,858,352	4,952,911
Program Materials & Delivery Costs	1,387,013	989,163
Operational Costs	719,323	695,838
Fundraising and Communications	209,611	164,718
Cost of Sales	112,417	71,978
Amortization & Interest on Capital Leases	69,136	60,873
Total Operating Expenses	8,355,852	6,935,481
Excess of Revenue over Expenses	171,160	80,000

	2017	2016
Assets
Cash & Equivalents	6,085,979	2,619,880
Accounts Receivable	534,516	416,624
Inventory & Prepaid Expenses	221,146	152,428
Capital Assets	341,203	275,151
Total Assets	7,182,844	3,464,083
Liabilities and Net Assets
Accounts Payable & Accrued Liabilities	218,485	172,466
Deferred Contributions	6,309,214	2,787,808
Other Obligations	105,861	125,685
Net Assets	549,284	378,124
Total Liabilities and Net Assets	7,182,844	3,464,083

Percentage of Total Revenue	Source
10%	Federal Government
45%	Provincial & Territorial Governments
1%	Municipal Government
28%	Fundraising
8%	Frontier College Foundation Grants
2%	New Readers Bookstore
6%	Fee for Service & Other Income