University Revenue and Expenses

Revenue for the Fiscal Year Ended April 30, 2008 ($000)

		General Expendable Funds				Restricted Funds					Total Expendable Funds	Endowment
		Operating	Other (Non-credit)	Subtotal	Ancillary	Entities Consolidatd	Entities Not Consolidatd	Subtotal	Trust	Capital	Total Expendable Funds	Endowment

1	Government Grants and Contracts:
	a) Ontario MTCU
	(i) Basic Formula Grant	420,026	0	420,026	0	0	0	0	0	0	420,026	0
	(ii) Non-Formula Grant	0	0	0	0	0	0	0	0	0	0	0
	(iii) Other MTCU Grants and Contracts	171,876	0	171,876	189	11,897	0	11,897	3,022	68,638	255,622	14,072
	b) Other Ontario Government Grants and Contracts	15,174	0	15,174	0	56,842	46,010	102,852	1,186	0	119,212	100
Total Ontario Grants and Contracts		607,076	0	607,076	189	68,739	46,010	114,749	4,208	68,638	794,860	14,172
	c) Federal	0	0	0	0	236,397	185,813	422,210	76	165	422,451	0
	d) Municipal	0	0	0	0	72	415	487	0	400	887	0
	e) Other Provinces	0	0	0	0	136	93	229	0	0	229	0
	f) Foreign	0	0	0	0	8,247	18,628	26,875	0	0	26,875	0
2	Fees
	a) Tuition Fees	458,111	31,727	489,838	0	0	0	0	0	0	489,838	0
	b) Miscellaneous Fees	149,543	0	149,543	50,632	0	0	0	0	727	200,902	0
3	Borrowings	0	0	0	0	0	0	0	0	0	0	0
4	Donations and Non-Govt Grants & Contracts	10,662	0	10,662	125	68,418	204,484	272,902	34,073	13,148	330,910	36,643
5	Sales of Services and Products	0	0	0	85,540	0	0	0	0	0	85,540	0
6	Investment Income
	a) Endowment	12,780	0	12,780	0	5,059	0	5,059	44,295	0	62,134	-101,880
	b) Other Investment Income	13,442	0	13,442	889	2,078	0	2,078	4,191	2,952	23,552	0
7	Miscellaneous	10,260	4,559	14,819	1,702	0	0	0	0	7,711	24,232	0
Total		1,261,874	36,286	1,298,160	139,077	389,146	455,443	844,589	86,843	93,741	2,462,410	-51,065

Source: COU. COFO-UO Financial Report
University of Toronto Financial Reports are available at: http://www.finance.utoronto.ca/Page799.aspx

Expenses for the Fiscal Year Ended April 30, 2008 ($000)

		General Expendable Funds				Restricted Funds					Total
		Operating	Other (Non-Credit)	Subtotal	Ancillary	Entities Consolidatd	Entities Not Consolidated	Subtotal	Trust	Capital	Total

1	Salaries and Wages
	(i) Academic Ranks	285,958	2,462	288,420	0	24,810	33,033	57,843	6,419	0	352,682
	(ii) Other Instruction & Research	98,790	6,121	104,911	0	108,200	144,061	252,261	3,416	0	360,588
	(iii) Other Salaries & Wages	300,207	11,087	311,294	16,184	41,904	55,792	97,696	4,642	0	429,816
	Total Salaries and Wages	684,955	19,670	704,625	16,184	174,914	232,886	407,800	14,477	0	1,143,086
2	Employee Benefits	164,982	3,625	168,607	3,943	14,425	19,206	33,631	1,702	0	207,883
	Total Salaries and Benefits	849,937	23,295	873,232	20,127	189,339	252,092	441,431	16,179	0	1,350,969
3	Library Acquisitions	35,479	0	35,479	0	11	0	11	365	0	35,855
4	Equipment and Furniture Purchases	24,519	223	24,742	756	40,088	53,375	93,463	2,039	2,092	123,092
5	Equipment Rental and Maintenance	11,822	202	12,024	6,673	2,238	2,980	5,218	593	0	24,508
6	Printing and Duplicating	9,157	834	9,991	50	1,823	2,427	4,250	520	0	14,811
7	Materials and Supplies	56,770	7,551	64,321	2,234	61,804	82,288	144,092	5,479	0	216,126
8	Communications	10,751	400	11,151	410	1,121	1,493	2,614	143	0	14,318
9	Professional Fees	13,495	1,500	14,995	197	2,819	3,753	6,572	1,620	0	23,384
10	Costs of Goods Sold	0	0	0	53,650	0	0	0	0	0	53,650
11	Travel	18,279	1,806	20,085	93	18,328	24,403	42,731	2,228	0	65,137
12	Utilities	46,416	0	46,416	7,964	153	204	357	27	0	54,764
13	Renovations and Alterations	7,337	0	7,337	5,114	2,003	2,667	4,670	2,450	5,217	24,788
14	Externally Contracted Services	9,991	2,031	12,022	13,349	17,978	23,937	41,915	5,864	0	73,150
15	Scholarships, Bursaries, etc.	94,398	0	94,398	0	0	0	0	30,820	0	125,218
16	Debt Repayments	380	0	380	1,617	0	0	0	0	0	1,997
17	Interest	13,717	0	13,717	18,278	0	0	0	960	0	32,955
18	Building, Land and Site Services	16,626	0	16,626	0	5,173	0	5,173	3,270	106,638	131,707
19	Other Operational Expenditures	24,023	3,186	27,209	1,667	4,446	5,824	10,270	2,563	1,160	42,869
20	Internal Cost Allocations	-42,379	0	-42,379	0	42,379	0	42,379	0	0	0
21	External Cost Recoveries	-18,851	-4,609	-23,460	0	0	0	0	0	0	-23,460
TOTAL		1,181,867	36,419	1,218,286	132,179	389,703	455,443	845,146	75,120	115,107	2,385,838

Source: COU. COFO-UO Financial Report
University of Toronto Financial Reports are available at: http://www.finance.utoronto.ca/Page799.aspx

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