.XT:0 .XB:0 .s:7 .X:3  Trent Radio BALANCE SHEET 31 May,1998 ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Entailed Funds #1 0.00 Accounts Payable 335.13 Entailed Funds #2 0.00 Deferred Income 370.00 Raffle & Bingo Acct 105.34 Accrued Liabilities 105.00- Boost & Freq Acct 424.94 Commission Payable 498.00 General Funds Montreal 949.20 CPP Payable 0.00 General Funds CIBC 0.00 UIC Payable 0.00 Cash In Bank 1,479.48 Income Tax Withholdings 0.00 Petty Cash: Programming 38.24 Receiver General Net 0.00 Petty Cash: Admin 0.00 Employer Health Tax 0.00 Petty Cash: Summer Admin. 100.00 WCB Payable 0.00 Term Deposits 0.00 AFM Payable 0.00 Accounts Receivable 7,295.17 Health Benefit Payable 495.00 Doubtful Accounts 0.00 Pension Payable 0.00 Receivables Net 7,295.17 Holiday Payable 0.00 Student Levy Receivable 0.00 Other Witholdings Net 495.00 Prepaid Expenses 740.60 TOTAL CURRENT LIABILITIES 1,593.13 TOTAL CURRENT ASSETS 9,653.49 LONG TERM LIABILITY FIXED ASSETS Victoria & Grey Trust Co 0.00 Land 10,000.00 Trent U - CTS Department 415.70- Buildings 93,042.18 National Trust 17,899.44 Office Equipment 19,191.37 Mbanx Demand Loan 17,985.59 Technical Equipment 82,896.08 TOT. LONG TERM LIABILITY 35,469.33 Technical Renovations 18,296.00 Fixed Assets at Cost 223,425.63 _____________ Accumulated Depreciation 124,015.71- TOTAL LIABILITIES 37,062.46 TOTAL FIXED ASSETS 99,409.92 _____________ _____________ EQUITY TOTAL ASSETS 109,063.41 ============= NON-SHARE EQUITY Retained Surplus/(Deficit) 59,717.45 Year-end 1997 Adjustments 8,837.95- Net Retained Surp/(Def) 50,879.50 Current Surplus/(Deficit) 21,121.45 TOTAL NON-SHARE EQUITY 72,000.95 _____________ TOTAL EQUITY 72,000.95 _____________ LIABILITIES AND EQUITY 109,063.41 ============= Trent Radio DEPOSITS 1 Jun,1998 TO 6 Jun,1998 110 General Funds Montreal 02-06-98 Waterman, M; 2x TShirts D026 J398 30.00 02-06-98 SCP 98 X96450-5 D026 J399 3,069.00 10-06-98 Target Broadcasting D026 J400 734.44 10-06-98 Stickl; Smr98 SS AFF D026 J401 185.00 10-06-98 A1Shiney Smr98 SS D026 J402 50.00 10-06-98 WildRock; Fall98 SS SJM D026 J403 250.00 12-06-98 CasinoRama; 2xFull Bus Bonus D028 J417 250.00 12-06-98 Bell, B; Loose Chng Taping D028 J418 5.00 ------------- 4,573.44 Trent Radio INCOME 1 Sep,1997 TO 31 May,1998 REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 3,836.00 Programming Wage 15,571.95 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 3,836.00 Administrative Wage 13,228.30 Benefits 2,561.51 FUND RAISING Total Wages & Benefits 31,361.76 Corporations 0.00 Programming Fees 2,225.00 Foundations 0.00 Technical Fees 75.00 Private 0.00 Publicity Fees 150.00 Leadership 0.00 Administrative Fees 1,616.00 Donations "In Kind" 0.00 Total Fees 4,066.00 Net Donations 0.00 TOTAL PERSONNEL 35,427.76 Trent Student Memberships 55,363.89 Commercial & Non-profit 300.00 SUPPLY & EXPENSE Individual Memberships 760.00 Publicity & Promotions 158.30 Discretionary M'ship Exp 0.00 Equipment Rental 0.00 Net Memberships 56,423.89 Line Rental 1,011.11 Special Events 1,352.12 Rental Other 30.00 Special Events Expense 356.60- Net Rentals 1,041.11 Net Special Events 995.52 Postage & Delivery 151.23 Fundraising 521.31 Office Supplies 437.26 Fundraising Expense 922.13- Telephone 1,020.17 Net Fundraising 400.82- Utilities 2,405.64 TOTAL FUND RAISING 57,018.59 Programming & Licence 1,376.94 Building R & M 692.52 EARNED REVENUE Building R & M Upper Apt 0.00 ON AIR Sponsorship 7,307.50 Technical R & M 908.18 ON AIR Sponsorship Expense 2,791.81- Net Repair & Maintenance 1,600.70 Net ON AIR Sponsorship 4,515.69 Professional Fees 0.00 "RADIO PAPER" Advertising 0.00 CROP Equipment 0.00 "RADIO PAPER" Expense 0.00 Insurance 2,031.53 Net "RADIO PAPER" 0.00 Travel 0.00 Net Other Sponsorship 3,667.03 Volunteer Expense 1,120.52 Tape Sales 0.00 Bank Charges 74.50 Tape Sales Expense 0.00 Mbanx Loan Interest 3,762.00 Net Tape Sales 0.00 Mortgage Interest & Chrgs 1,349.70 Rental Income 4,473.00 Net Interest 5,111.70 Net Misc Sales & Services 550.00 Depreciation 0.00 Refunds & Discounts Given 0.00 GST Paid 1,092.26 TOTAL EARNED REVENUE 13,205.72 Bad Debts 0.00 Miscellaneous 0.00 MISCELLANEOUS REVENUE TOTAL SUPPLY & EXPENSE 17,621.86 Interest Income 110.76 Discounts Taken 0.00 _____________ Micellaneous Revenue 0.00 TOTAL EXPENSE 53,049.62 TOTAL MISC REVENUE 110.76 _____________ INCOME 21,121.45 _____________ ============= TOTAL REVENUE 74,171.07 _____________