154 | Financial Report
Current Liabilities This balance includes the accrual for payments to creditors, the current portion of long-term debt and amounts due to staff who have either resigned or retired and have not indicated where they require the funds to be forwarded. These obligations are within the next financial period and will be settled as resources become available. See Table 25. Table 25 Accounts Payable July 31, 2022 July 31, 2021 Sundry Creditors 5,092,825 2,320,460 Students 5,607,841 5,158,690 FSSU and Superannuation 6,129,997 5,257,024 Other 16,002,416 16,250,225 32,833,079 28,986,399 Long Term Loans All loan payments were made in accordance with the signed agreements. A new loan for BBD 513,000 was taken out to fund the operations of the Commercial Analytical Lab (CAL). All the remaining outstanding loans at July 31, 2022 are listed in Table 26. Table 26
UWI CH Clarendon BBD 13 m Bond
Republic Loan CAL
Caribbean Development Bank
EDF Loan Funds
CLICO Loan
TOTAL
Long-term loans
Loan
1,123,810
2,977,899 (2,977,899)
1,154,196 (513,000)
8,382,853 (332,000)
513,000 (103,000)
14,151,758 (4,023,899)
Current portion
(98,000)
Net loan balance at July 30, 2022
1,025,810
-
641,196
8,050,853
410,000
10,127,859
Projects Total expected revenue for the period of the grants is BBD 5.244 million. Please see Table 27.
Commitments and Contingent Liabilities Outstanding purchase orders at July 31, 2022 were approximately BBD 4.9 million. SOFTWARE APPLICATIONS Banner Finance, Banner Students, PeopleSoft and Touchnet Online Payment Plan applications all worked satisfactorily during the year under review.
THE UNIVERSITY OF THE WEST INDIES CAVE HILL CAMPUS ANNUAL REPORT TO COUNCIL 2021/2022
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