Full audited financial statements and notes are available at frontiercollege.ca

Statement of Operations	2018	2017
Governments	4,855,059	4,724,958
Fundraising	3,236,674	2,441,314
Frontier College Foundation Grants	705,259	652,000
Frontier College Books	153,778	179,421
Fee for Service and Other Income	468,411	529,319
Total Operating Revenue	9,419,181	8,527,012
Salaries and Benefits	6,552,490	5,858.352
Program Materials and Delivery Costs	1,598,929	1,387,013
Operational Costs	716,094	719,323
Fundraising and Communications	230,415	209,611
Cost of Sales	98,682	112,417
Amortization and Interest on Capital Leases	92,571	69,136
Total Operating Expenses	9,289,181	8,355,852
Excess of Revenue over Expenses	130,000	171,160

Summarized Statement of Financial Position	2018	2017
Assets
Cash and Equivalents	6,190,751	6,085,979
Accounts Receivable	779,229	534,516
Inventory and Prepaid Expenses	219,514	221,146
Capital Assets	501,705	341,203
Total Assets	7,691,199	7,182,844
Liabilities and Net Assets
Accounts Payable and Accrued Liabilities	418,755	218,485
Deferred Contributions	6,504,227	6,309,214
Other Obligations	88,933	105,861
Net Assets	679,284	549,284
Total Liabilities and Net Assets	7,691,199	7,182,844