Revenue and Expenses

Revenue for the fiscal year ending April 30, 2005

	General Expendable Funds				Restricted Expendable Funds
	Operating				Sponsored Research
	Operating	Other (Non-Credit)	Subtotal	Ancillary	Entities Consolidated	Entities Not Consolidated	Subtotal	Trust	Capital	Total Expendable Funds	Endowment
	(01)	(02)	(03)	(04)	(05)	(06)	(07)	(08)	(09)	(10)	(11)
1. Government Grants & Contracts
a) Ontario MTCU
(i) Basic Formula Grant (Note 1)	385,578		385,578				0			385,578
(ii) Non-Formula Grants (Note 2)	103,868		103,868	247	10,715		10,715	930	29,960	145,720	27,220
(iii) Other MTCU Grants & Contracts (Note 3)	1,614		1,614		810		810			2,424	10,261
b) Other Ontario Government Grants and Contracts (Note 4)	29,219		29,219		61,474	71,754	133,228	362	113	162,922	275
Total Ontario Grants and Contracts	520,279		520,279	247	72,999	71,754	144,753	1,292	30,073	696,644	37,756
c) Federal (Note 5)			0		219,783	129,682	349,465	334	153	349,952
d) Municipal			0		280	195	475		1,400	1,875
e) Other Provinces			0		131	82	213			213
f) Foreign			0		7,243	16,374	23,617			23,617
2. Fees
a) Tuition Fees	372,127	22,171	394,298				0			394,298
b) Miscellaneous Fees	117,834		117,834	35,002			0		1,149	153,985
3. Borrowings							0			0
4. Donations and Non-Government Grants and Contracts (Note 6)	13,862		13,862	1,257	60,540	124,095	184,635	24,898	7,878	232,530	35,763
5. Sales of Services and Products			0	92,245			0			92,245
6. Investment Income
a) Endowment	9,394		9,394	0	4,360		4,360	35,631		49,385	44,439
b) Other Investment Income	12,081		12,081	520	498		498	10,778	461	24,338
7. Miscellaneous	7,802		7,802	1,654			0		1,001	10,457
Total	1,053,379	22,171	1,075,550	130,925	365,834	342,182	708,016	72,933	42,115	2,029,539	117,958

Notes:
University of Toronto financial statements can be found at http://www.finance.utoronto.ca/Page799.aspx

Excludes Affiliated and Federated Colleges and Universities.

Source: COFO

Expenses for the fiscal year ending April 30, 2005

	General Expendable Funds				Restricted Expendable Funds
					Sponsored Research
	Operating	Other (Non-Credit)	Subtotal	Ancillary	Entities Consolidated	Entities Not Consolidated	Subtotal	Trust	Capital	Total
	(01)	(02)	(03)	(04)	(05)	(06)	(07)	(08)	(09)	(10)
1. Salaries and Wages
(i) Academic Ranks	249,488	5,657	255,145		21,129	24,700	45,829	5,793		306,767
(ii) Other Instruction & Research	56,978	4,168	61,146		89,200	104,276	193,476	2,165		256,787
(iii) Other Salaries & Wages	255,146	9,561	264,707	18,079	36,074	42,171	78,245	3,197		364,228
Total Salaries and Wages	561,612	19,386	580,998	18,079	146,403	171,147	317,550	11,155	0	927,782
2. Employee Benefits (Note 5)	135,428	4,300	139,728	4,379	12,303	14,382	26,685	1,330		172,122
Total Salaries and Benefits	697,040	23,686	720,726	22,458	158,706	185,529	344,235	12,485	0	1,099,904
3. Library Acquisitions	36,249	5	36,254		132		132	338		36,724
4. Furniture and Equipment Purchases	21,484	190	21,674	447	37,260	43,557	80,817	2,354	2,180	107,472
5. Equipment Rental and Maintenance	13,591	340	13,931	5,419	1,299	1,519	2,818	291		22,459
6. Printing and Duplicating	9,213	1,050	10,263	63	2,043	2,388	4,431	588		15,345
7. Materials and Supplies	47,086	7,019	54,105	2,478	58,439	68,316	126,755	6,954		190,292
8. Communications	8,718	453	9,171	390	1,038	1,213	2,251	172		11,984
9. Professional Fees	8,649	256	8,905	569	2,244	2,623	4,867	485		14,826
10. Cost of Goods Sold				57,203			0			57,203
11. Travel	13,476	1,415	14,891	137	15,742	18,403	34,145	1,614		50,787
12. Utilities	37,827	1	37,828	6,638			0			44,466
13. Renovations and Alterations	6,530		6,530	1,873	763	892	1,655	291	6,157	16,506
14. Externally Contracted Services	8,059	672	8,731	11,867	13,919	16,272	30,191	1,620		52,409
15. Scholarships, Bursaries, etc.	86,401	914	87,315					23,590		110,905
16. Debt Repayments	282	27	309	4,089	0	0	0	0	0	4,398
17. Interest	8,627		8,627	18,030						26,657
18. Building, Land and Site Services	5,493		5,493		31,578		31,578	1,110	169,633	207,814
19. Other Operational Expenditures	17,983	2,038	20,021	2,277	1,257	1,470	2,727	2,219		27,244
Subtotal	1,026,708	38,066	1,064,774	133,938	324,420	342,182	666,602	54,111	177,970	2,097,395
20. Internal Cost Allocations (Note 6)	-42,930		-42,930		42,930		42,930			0
21. External Cost Recoveries	-18,609	-2,290	-20,899				0			-20,899
Total	965,169	35,776	1,000,945	133,938	367,350	342,182	709,532	54,111	177,970	2,076,496

Notes:
University of Toronto financial statements can be found at http://www.finance.utoronto.ca/Page799.aspx

Excludes Affiliated and Federated Colleges and Universities

Source: COFO

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