Statement of Financial Position February 29, 2020
2020
2019
ASSETS Current
$ 4,398,075
Cash
$ 3,966,221
38,282 27,718
Accounts receivable Prepaid expenses
23,766 14,995
4,464,075
4,004,982
55,599
Tangible Capital Assets (Note 3) Rental Deposit Receivable
71,287
4,397
4,397
$ 4,524,071
$ 4,080,666
LIABILITIES AND NET ASSETS Current
$ 37,822 1,240,050 1,277,872
Accounts payable and accrued liabilities (Note 4) Registration fees received in advance (Note 5)
$
29,589
1,224,500 1,254,089
15,767
Lease Inducement
17,659
1,293,639
1,271,748
Net Assets
874,833
Unrestricted
1,737,631 1,000,000
2,300,000
Internally restricted (Note 6)
55,599
Invested in tangible capital assets
71,287
3,230,432
2,808,918
$ 4,524,071
$ 4,080,666
COMMITMENTS (Note 7)
SUBSEQUENT EVENT (Note 8)
Approved on behalf of the Council Andrea Petryk, President Jennifer Lee, Vice-President
See notes to financial statements
22
ALBERTA COLLEGE OF OCCUPATIONAL THERAPISTS ANNUAL REPORT 2019–2020
Made with FlippingBook - Online magazine maker