Professional Documents
Culture Documents
Balance Sheet: Simon Fraser University
Balance Sheet: Simon Fraser University
Balance Sheet: Simon Fraser University
BALANCE SHEET
2004
ASSETS
Current assets
Cash & Short-Term Investments
Accounts receivable
Inventories
Prepaid expense
Investments
Property and equipment
Prepaid Lease
Unamortized debt discount and issue costs
TOTAL ASSETS
NET ASSETS
Operating
Internally restricted for commitments
operating
capital, lease, and other
Invested in property and equipment
2005
140,321
14,279
1,954
3,770
160,324
123,099
16,926
1,673
3,429
145,127
212,275
414,549
243,380
494,560
11074
798,222
10,785
893,852
22,476
6,176
28,652
41,708
6,323
48,031
27,481
162,567
46,009
222,121
0
486,830
30,493
161,735
39,448
250,290
13,754
543,751
-17,120
75,646
-18,892
88,777
150,665
226,311
164,166
252,943
Endowment
TOTAL LIABILITIES AND NET ASSETS
102,201
311,392
798,222
116,050
350,101
893,852
INCOME STATEMENT
2004
REVENUE
Government grants and contracts
Province of British Columbia
Government of Canada
Other governments
Tuition - credit courses
Non-credit courses
Other
Sales of goods and services
Gifts, grants, and contracts
Investment income
Amortization of deferred contributions: property & equipment
Miscellaneous income
EXPENSES
Salaries
Employee benefits
2005
177,578
32,224
1,553
83,513
8,595
6,190
27,156
25,872
14,583
4,042
8,453
389,759
175,354
48,208
1,684
103,741
8,312
7,330
31,835
22,076
13,509
8,312
4,260
424,621
189,699
36,341
226,040
203,221
36,708
239,929
26,438
16,794
18,032
11,311
14,268
13,513
8,835
8,383
3,965
29,122
21,672
19,213
12,855
17,938
14,320
10,177
8,749
4,721
5,120
5,058
3,240
3,099
1,331
365,427
24,332
5,569
5,307
3,448
4,836
289
1,441
399,586
25,035
3,337
22,098
25,435
2005
3,190
23,480
26,670
2006
Forecast
2007
2008
2009
2010
2011
2012
ok
ok
ok
ok
73,305
31,050
1,973
3,540
109,868
33,940
14,811
2,050
3,484
54,285
29,426
16,944
1,563
2,294
50,227
-136,946
15,878
1,594
2,340
-117,134
-332,234
17,916
1,626
2,387
-310,306
-527,853
18,866
1,659
2,434
-504,894
-747,432
20,090
1,692
2,483
-723,166
265,196
600,693
10,497
986,254
300,635
699,932
0
0
1,054,852
352,731
767,267
3,066
0
1,173,291
289,781
811,089
3,127
0
986,864
326,959
857,801
3,190
0
877,644
344,310
886,576
3,254
0
729,245
366,647
936,755
3,319
0
583,554
56,868
8,796
65,664
43,874
7,345
51,219
48,923
11,158
60,081
67,063
7,963
75,025
69,952
8,042
77,994
73,636
8,123
81,758
78,391
8,204
86,595
33,122
159,410
46,664
276,366
14,665
595,891
34,869
152,560
46,165
324,676
16,710
626,199
36,729
157,674
58,719
363,776
17,904
694,883
60,497
159,251
48,297
381,212
18,262
742,544
62,965
160,843
54,493
403,166
18,627
778,089
66,568
162,452
57,385
416,691
19,000
803,853
71,264
164,076
61,108
440,275
19,380
842,697
13,881
41,941
225,164
280,986
3,160
36,619
261,727
301,506
85,108
-99,459
-293,524
-499,951
-20,331
95,383
182,332
277,715
132,979
390,363
986,254
147,667
428,653
1,054,852
176,902
478,408
1,173,291
2007
2008
159,212
244,320
986,864
199,015
99,555
877,644
218,916
-74,608
729,245
240,808
-259,143
583,554
INCOME STATEMENT
Historical
2006
Forecast
2009
2010
2011
2012
274,280
282,508
299,713
324,140
147,673
156,651
164,578
172,905
41,678
25,614
-23,981
11,038
6,667
482,969
43,345
26,382
17,986
11,259
6,800
544,932
45,079
27,174
18,885
11,484
6,936
573,849
46,882
28,533
19,829
11,714
7,075
611,078
209,920
46,916
2,209
113,604
7,984
8,696
36,949
19,555
19,829
9,208
4,138
479,008
203,536
62,017
1,902
118,330
6,894
8,774
38,048
27,395
20,492
9,454
4,890
501,732
211,811
60,941
1,528
125,450
7,341
9,202
40,075
25,614
19,185
10,822
6,536
518,505
233,436
42,315
275,751
242,634
45,195
287,829
258,900
49,387
308,287
421,953
78,061
500,014
439,160
81,245
520,404
464,291
85,894
550,185
497,045
91,953
588,999
31,758
22,896
22,785
15,745
14,613
17,030
11,092
7,933
7,276
39,873
23,802
24,734
15,540
16,703
14,595
11,218
6,888
8,226
41,858
25,828
25,810
17,837
17,683
15,246
12,163
10,316
10,135
38,637
25,317
25,317
16,878
18,037
15,551
12,659
9,460
10,338
43,595
26,350
26,350
17,566
18,397
15,862
13,175
9,555
10,544
45,908
27,857
27,857
18,572
18,765
16,179
13,929
9,651
10,755
48,886
29,823
29,823
19,882
19,141
16,503
14,911
9,747
10,970
9,751
7,130
3,992
5,978
288
1,468
455,486
23,522
12,313
6,796
4,620
4,695
298
0
478,130
23,602
8,411
7,801
5,098
5,018
298
0
511,789
6,716
8,579
7,957
5,200
5,118
304
0
699,367
-216,398
8,751
8,116
5,304
5,221
310
0
729,500
-184,567
Historical
2006
3,420
24,368
27,788
8,926
8,278
5,410
5,325
316
0
767,914
-194,065
9,104
8,444
5,518
5,432
323
0
817,505
-206,427
Forecast
2007
3,805
25,009
28,814
2008
3,981
26,332
30,313
2009
31,526
2010
32,787
2011
33,770
2012
34,783
2013
ok
-989,522
21,624
1,726
2,533
-963,639
394,632
998,085
3,385
0
432,463
84,437
8,286
92,723
77,282
165,717
65,772
469,100
19,767
890,361
-722,786
Confirmed as formulas
Look for comment
264,889
-457,898
432,463
2013
357,364
181,654
48,757
29,959
20,821
11,948
7,216
657,721
539,019
99,718
638,737
52,618
32,341
32,341
21,561
19,523
16,833
16,171
9,845
11,190
9,286
8,613
5,629
5,540
329
0
880,556
-222,835
2013
35,827
2005
Historic
2006
2007
823
273,689
8.43%
-1.72%
26,670
4,476
4.86%
15.83%
871
297,411
5.83%
8.67%
27,788
4,688
4.19%
4.74%
911
293,584
4.59%
-1.29%
28,814
4,650
3.69%
-0.81%
31,835
22,076
13,509
17.23%
-14.67%
-7.36%
36,949
19,555
19,829
16.06%
-11.42%
46.78%
38,048
27,395
20,492
2.97%
40.09%
3.34%
2004
Confirmed as inputs
759
278,465
25,435
3,865
27,156
25,872
14,583
AmortizationofDeferredContributionsGrowthPercent
MiscellaneousIncomeGrowthPercent
ProfessionalFeesGrowthPercent
Materials&SuppliesGrowthPercent
ContractServicesGrowthPercent
2004
2005
Historic
2006
2007
5.16%
61.26%
19.16%
5.42%
5.82%
3.65%
6.78%
2.85%
5.41%
58.97%
18.06%
6.29%
5.57%
3.73%
6.86%
2.95%
4.98%
59.96%
18.13%
5.88%
5.85%
4.04%
6.63%
2.85%
4.51%
60.44%
18.63%
5.93%
6.16%
3.87%
7.95%
2.79%
13.37
54.46%
14.55
57.32%
23.66
55.36%
10.77
59.92%
2.21%
22.45
38.10
6.12%
45.57
6.13%
33.49
8.62%
Balance sheet
ReceivableDaysSalesBasis
InvestmentsPercentRevenues
DisposalsPercentofGrossAssets
InventoriesGrowthRate
PrepaidExpenseGrowthRate
PrepaidLeaseGrowthRate
PayableDaysExpenseBasis
RepaymentofLongTermDebtPercentOpeningLongTermDebt
2004
3.80%
75.62%
11.80%
53.58%
2005
3.91%
83.07%
9.29%
50.61%
Historic
2006
5.52%
78.27%
9.74%
46.01%
2007
4.81%
77.15%
9.20%
46.39%
13.55%
14.59%
11.05%
2008
2009
2010
Forecast
2011
2012
2013
942
291,168
3.40%
-0.82%
30,313
4,684
5.20%
0.73%
942
291,168
0%
0%
31,526
4,684
4.0%
0.0%
942
299,903
0%
3%
32,787
4,778
4.0%
2.0%
970
308,900
3%
3%
33,770
4,873
3.0%
2.0%
999
324,345
3%
5%
34,783
4,971
3.0%
2.0%
1,049
340,562
5%
5%
35,827
5,070
3.0%
2.0%
40,075
25,614
19,185
5.33%
-6.50%
-6.38%
4.0%
0.0%
-225.0%
4.0%
3.0%
-175.0%
4.0%
3.0%
5.0%
4.0%
5.0%
5.0%
4.0%
5.0%
5.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2008
2009
2.0%
2.0%
2.0%
2.0%
2.0%
2010
2.0%
2.0%
2.0%
2.0%
2.0%
Forecast
2011
2.0%
2.0%
2.0%
2.0%
2.0%
2012
2.0%
2.0%
2.0%
2.0%
2.0%
2013
2.0%
2.0%
2.0%
2.0%
2.0%
6.54%
62.19%
19.08%
6.20%
6.20%
4.28%
8.07%
2.92%
6.0%
100.0%
18.5%
6.00%
6.00%
4.00%
8.00%
3.00%
6.0%
100.0%
18.5%
6.00%
6.00%
4.00%
8.00%
3.00%
6.0%
100.0%
18.5%
6.00%
6.00%
4.00%
8.00%
3.00%
6.0%
100.0%
18.5%
6.00%
6.00%
4.00%
8.00%
3.00%
6.0%
100.0%
18.5%
6.00%
6.00%
4.00%
8.00%
3.00%
11.93
68.03%
2.40%
12
60%
2.40%
2.0%
2.0%
2.0%
12
60%
2.40%
2.0%
2.0%
2.0%
12
60%
2.40%
2.0%
2.0%
2.0%
12
60%
2.40%
2.0%
2.0%
2.0%
12
60%
2.40%
2.0%
2.0%
2.0%
34.89
3.41%
35
5.00%
35
5.00%
35
5.00%
35
5.00%
35
5.00%
2008
7.08%
77.50%
11.32%
47.41%
2009
5.00%
77.50%
10.00%
47.00%
2.0%
2010
5.00%
77.50%
10.00%
47.00%
2.0%
Forecast
2011
5.00%
77.50%
10.00%
47.00%
2.0%
2012
5.00%
77.50%
10.00%
47.00%
2.0%
2013
5.00%
77.50%
10.00%
47.00%
2.0%
19.80%
-10.00%
25.00%
10.00%
10.00%
10.00%
Faculty employed
FacultyGrowthPercent
ForecastFaculty
Grants and contracts per faculty
GrantGrowthPercent
ForecastGrantsandContractsPerFaculty
ForecastGrantsandContractRevenue
2008
2009
2010
942
0%
942
942
0.00%
942
942
0.00%
942
$291,168
0%
$291,168
$291,168
0.00%
$291,168
$291,168
3.00%
$299,903
$274,280,000
$282,508,400
Faculty employed
$G$4
$H$4
$I$4
$J$4
$K$4
0.00%
0.00%
3.00%
3.00%
5.00%
Forecast
2011
2012
2013
942
3.00%
970
970.26
3.00%
999
999.37
5.00%
1049
$299,903
3.00%
$308,900
$308,900
5.00%
$324,345
$324,345
5.00%
$340,562
$299,713,162
$324,139,784
$357,364,112
Best case
Created by on
17/05/2009
Modified by on
17/05/2009
Worst case
Created by on
17/05/2009
Modified by on
17/05/2009
0.00%
0.00%
3.00%
3.00%
5.00%
3.00%
3.00%
6.00%
6.00%
8.00%
-3.00%
-3.00%
0.00%
3.00%
3.00%
0.00%
3.00%
3.00%
5.00%
5.00%
3.00%
5.00%
7.00%
7.00%
7.00%
-3.00%
0.00%
3.00%
3.00%
3.00%
$274,280,000
$282,508,400
$299,713,162
$324,139,784
$357,364,112
values of changing cells at
d. Changing cells for each
$290,983,652
$314,698,820
$356,931,401
$404,831,595
$467,823,392
$258,070,052
$250,327,950
$257,837,789
$273,540,110
$290,198,703
Identified as inputs
Enrollment at SFU
EnrollmentGrowthPercent
ForecastEnrollment
Tuition Revenue Per Student at SFU
TuitionGrowthPercent
ForecastTuitionRevenuePerStudent
ForecastTuitionRevenue
2008
2009
2010
30313
0%
30313
30,313
4.0%
31,526
31,526
4.0%
32,787
$4,684
0%
$4,684
$4,684
0%
$4,684
$4,684
2.0%
$4,778
$147,672,720
$156,651,221
Enrollment at SFU
$G$4
$H$4
$I$4
$J$4
$K$4
4.0%
4.0%
3.0%
3.0%
3.0%
Forecast
2011
2012
2013
32,787
3.0%
33,770
33,770
3.0%
34,783
34,783
3.0%
35,827
$4,778
2.0%
$4,873
$4,873
2.0%
$4,971
$4,971
2.0%
$5,070
$164,577,773
$172,905,409
$181,654,422
n revenue
Base case
Created by on
17/05/2009
Modified by on
17/05/2009
Best case
Created by on
17/05/2009
Modified by on
17/05/2009
Worst case
0.04
4.0%
4.0%
3.0%
3.0%
3.0%
6.0%
6.0%
4.0%
4.0%
4.0%
2.0%
2.0%
0.0%
1.0%
1.0%
0%
2.0%
2.0%
2.0%
2.0%
2%
3.0%
5.0%
5.0%
5.0%
-2%
0.0%
1.0%
1.0%
1.0%
$147,672,720
$156,651,221
$164,577,773
$172,905,409
$181,654,422
values of changing cells at
d. Changing cells for each
$153,522,832
$167,616,228
$183,036,920
$199,876,317
$218,264,938
$141,936,203
$144,774,927
$147,684,903
$150,653,369
$153,681,502
Capital forecasting
Historical
2004
2005
2006
2007
2008
2009
2010
808,738
139,112
(20,474)
927,376
927,376
109,193
(24,324)
1,012,245
1,012,245
82,460
(24,294)
1,070,411
1,070,411
90,306
(25,690)
1,135,027
Accumulated depreciation
At 1st January
Current year's expense
Disposals
Accumulated depreciation, end of year
208,045
39873
(20,474)
227,444
227,444
41858
(24,324)
244,978
244,978
38,637
(24,294)
259,322
259,322
43,595
(25,690)
277,226
699,932
767,267
811,089
857,801
2005
443,775
21,644
25,857
11,803
30,633
66,781
64,786
6,417
16,143
687,839
2006
535,366
23,294
33,011
11,902
29,953
82,402
68,493
6,549
17,768
808,738
2007
629,937
22,486
34,420
11,975
28,296
99,522
72,357
6,574
21,809
927,376
2008
686,496
22,567
35,017
11,869
32,494
110,250
76,300
7,151
30,101
1,012,245
2009
741,416
23,470
36,418
11,952
32,494
126,788
80,115
7,437
34,616
1,094,705
2010
800,729
24,408
37,874
12,036
32,494
145,806
84,121
7,735
39,809
1,185,011
2011
840,479
25,385
39,389
12,120
32,494
167,676
88,327
8,044
45,780
1,259,694
2005
2006
20.64%
7.62%
2007
17.66%
-3.47%
2008
8.98%
0.36%
2009
8.00%
4.00%
2010
8.00%
4.00%
2011
4.00%
SiteServicesGrowthPercent
LeaseholdImprovementsGrowthPercent
ComputerEquipmentGrowthPercent
EquipmentandFurnishingsGrowthPercent
LibraryBooksGrowthPercent
SpecialCollectionsGrowthPercent
LandandPropertyRightsGrowthPercent
2005
Planned capital additions
Buildings
TASC - Surrey
Renew Phase 2 - Chemistry
SFU Burnaby - Public Safety Building
SFU Burnaby - Art Gallery
TASC 3 - Burnaby
27.67%
0.84%
-2.22%
23.39%
5.72%
2.06%
10.07%
4.27%
0.61%
-5.53%
20.78%
5.64%
0.38%
22.74%
1.73%
-0.89%
14.84%
10.78%
5.45%
8.78%
38.02%
4.00%
0.70%
0.00%
15.00%
5.00%
4.00%
15.00%
4.00%
0.70%
0.00%
15.00%
5.00%
4.00%
15.00%
4.00%
0.70%
0.00%
15.00%
5.00%
4.00%
15.00%
2006
2007
2008
2009
2010
2011
2011
9,750
2004
162,567
0
162,567
2005
162,567
8749
9,941
161,375
2006
2007
161,375
7933
9,898
159,410
159,410
6888
13,738
152,560
2008
152,560
10316
5,202
157,674
ManagementDevelopmentAssociates(NA)Inc.21339
2009
157,674
9,460
7,884
159,251
2010
159,251
9,555
7,963
160,843
2011
160,843
9,651
8,042
162,452
2012
162,452
9,747
8,123
164,076
2013
164,076
9,845
8,204
165,717
ManagementDevelopmentAssociates(NA)Inc.21339
Balance sheet
type
06/22/2011
Assumptions
Accounts receivable
Consistent with forecasting at other universities, revenues,
expenses, assets, and liabilities not specifically identified to grow at
2% per year
Prepaid expense
Investments
Property and equipment
Prepaid Lease
Deferred Contributions
Operating
Internally restricted for
commitments
Net Assets
Developed by Nonprofits Assistance Fund, Minneapolis MN, for use by nonprofit organizations
www.nonprofitsassistancefund.org
Income type
Salaries and
employee
benefits
Income item
06/22/2011
Assumptions
Government of Canada
Other governments
Credit courses
Non-credit courses
Tuition
Other
Other
Alumni and other contributers will have less discretionary income due
to worsening economic conditions. The amount gifted to SFU should
be expected to continue to decline until the economy shows positive
growth again in the 2010/2011 year.
Investment income
Amortization of deferred
contributions: property &
equipment
Miscellaneous income
Developed by Nonprofits Assistance Fund, Minneapolis MN, for use by nonprofit organizations
www.nonprofitsassistancefund.org
Expense type
Expense item
06/22/2011
Assumptions
Salaries
Employee benefits
Professional fees
Contract services
Utilities
Developed by Nonprofits Assistance Fund, Minneapolis MN, for use by nonprofit organizations
www.nonprofitsassistancefund.org
Key ratios
2004
Return on net assets
Net revenue
Net assets
2005
2006
2007
$24,332
$311,392
$25,035
$350,101
$23,522
$390,363
$23,602
$428,653
7.81%
7.15%
6.03%
5.51%
$160,324
$28,652
$145,127
$48,031
$109,868
$65,664
$54,285
$51,219
5.59556
3.02153
1.67318
1.05986
$100,219.00
$26,438.00
$109,133.00
$29,122.00
$137,891.00
$31,758.00
$139,112.00
$39,873.00
3.79
3.75
4.34
3.49
$98,298
25,435
$119,383
26,670
$130,284
27,788
$133,998
28,814
$3,864.67
$4,476.30
$4,688.50
$4,650.45
$211,355
759
$225,246
823
$259,045
871
$267,455
911
$278,465.09
$273,688.94
$297,411.02
$293,583.97
CURRENT RATIO
Current Assets
Current Liabilities
The current ratio is:
2008
2009
2010
2011
2012
2013
$6,716
$478,408
($216,398)
$244,320
($184,567)
$99,555
($194,065)
($74,608)
($206,427)
($259,143)
($222,835)
($457,898)
1.40%
-88.57%
-185.39%
260.11%
79.66%
48.66%
$50,227
$60,081
($117,134)
$75,025
($310,306)
$77,994
($504,894)
$81,758
($723,166)
$86,595
($963,639)
$92,723
0.83599
(1.56126)
(3.97858)
(6.17546)
(8.35116)
(10.39270)
$99,212.00
$41,858.00
$82,459.81
$38,637.49
$90,306.19
$43,594.59
$74,683.11
$45,907.95
$99,064.85
$48,886.26
$113,948.04
$52,617.66
2.37
2.13
2.07
1.63
2.03
2.17
$141,993
30,313
$147,673
31,526
$156,651
32,787
$164,578
33,770
$172,905
34,783
$181,654
35,827
$4,684.23
$4,684.23
$4,777.91
$4,873.47
$4,970.94
$5,070.36
$274,280
942
$274,280
942
$282,508
942
$299,713
970.26
$324,140
999.37
$357,364
1049.34
$291,167.73
$291,167.73
$299,902.76
$308,899.84
$324,344.84
$340,562.08