Trent Radio BALANCE SHEET 30 Apr 1999 (subject to review) ASSETS LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Entailed Funds #1 0.00 Accounts Payable 3,884.25 Entailed Funds #2 0.00 Contract Obligation 15,000.00 Raffle & Bingo Acct 91.61 Deferred Income 0.00 Boost & Freq Acct 1,688.52 Accrued Liabilities 956.88- General Funds Montreal 4,084.43 Commission Payable 925.00 General Funds CIBC 0.00 CPP Payable 108.88 Cash In Bank 5,864.56 UIC Payable 111.64 Petty Cash: Programming 0.00 Income Tax Withholdings 292.50 Petty Cash: Admin 0.00 Receiver General Net 513.02 Petty Cash: Summer Admin. 0.00 Employer Health Tax 0.00 Term Deposits 0.00 WCB Payable 0.00 Accounts Receivable 2,742.53 AFM Payable 0.00 Doubtful Accounts 0.00 Health Benefit Payable 855.00 Receivables Net 2,742.53 Pension Payable 0.00 Student Levy Receivable 5,278.09 Holiday Payable 0.00 Prepaid Expenses 296.46 Other Witholdings Net 855.00 TOTAL CURRENT ASSETS 14,181.64 TOTAL CURRENT LIABILITIES 20,220.39 FIXED ASSETS LONG TERM LIABILITY Land 10,000.00 Victoria & Grey Trust Co 0.00 Buildings 93,042.18 Trent U - CTS Department 1,332.00- Office Equipment 19,441.40 National Trust 14,334.77 Technical Equipment 84,974.97 Mbanx Demand Loan 14,357.83 Technical Renovations 18,296.00 Deferred Contribution 10,303.00 Fixed Assets at Cost 225,754.55 TOT. LONG TERM LIABILITY 37,663.60 Accumulated Depreciation 134,664.66- TOTAL FIXED ASSETS 91,089.89 _____________ TOTAL LIABILITIES 57,883.99 OTHER ASSETS _____________ Deferred Charges 11,667.00 TOTAL OTHER ASSETS 11,667.00 EQUITY _____________ NON-SHARE EQUITY TOTAL ASSETS 116,938.53 Retained Surplus/(Deficit) 41,675.33 ============= Year-end 1998 Adjustments 0.00 Net Retained Surp/(Def) 41,675.33 Current Surplus/(Deficit) 17,379.21 TOTAL NON-SHARE EQUITY 59,054.54 _____________ TOTAL EQUITY 59,054.54 _____________ LIABILITIES AND EQUITY 116,938.53 ============= Trent Radio INCOME STATENENT Sep,1998 TO 30 Apr,1999 (subject to review) REVENUE EXPENSE GOVERNMENT GRANTS PERSONNEL Federal Grants 0.00 Programming Wage 15,509.44 Provincial Grants 0.00 Technical Wage 0.00 Municipal Grants 0.00 Publicity Wage 0.00 TOTAL GOVERNMENT GRANTS 0.00 Administrative Wage 15,144.78 Benefits 2,013.26 FUND RAISING Total Wages & Benefits 32,667.48 Corporations 0.00 Programming Fees 1,250.00 Foundations 0.00 Technical Fees 0.00 Private 455.00 Publicity Fees 0.00 Leadership 2,407.99 Administrative Fees 1,289.00 Donations "In Kind" 0.00 Total Fees 2,539.00 Net Donations 2,862.99 TOTAL PERSONNEL 35,206.48 Trent Student Memberships 53,400.00 Commercial & Non-profit 0.00 SUPPLY & EXPENSE Individual Memberships 940.00 Publicity & Promotions 88.48 Discretionary M'ship Exp 0.00 Equipment Rental 0.00 Net Memberships 54,340.00 Line Rental 940.38 Special Events 871.82 Rental Other 0.00 Special Events Expense 555.26- Net Rentals 940.38 Net Special Events 316.56 Postage & Delivery 272.56 Fundraising 105.00 Office Supplies 572.72 Fundraising Expense 923.38- Telephone 782.81 Net Fundraising 818.38- Utilities 2,607.12 TOTAL FUND RAISING 56,701.17 Programming & Licence 1,649.56 Building R & M 884.95 EARNED REVENUE Building R & M Upper Apt 0.00 ON AIR Sponsorship 3,245.00 Technical R & M 1,583.96 ON AIR Sponsorship Expense 1,608.39- Net Repair & Maintenance 2,468.91 Net ON AIR Sponsorship 1,636.61 Professional Fees 0.00 "RADIO PAPER" Advertising 0.00 CROP Equipment 0.00 "RADIO PAPER" Expense 0.00 Insurance 2,540.49 Net "RADIO PAPER" 0.00 Travel 0.00 Net Other Sponsorship 6,060.08 Volunteer Expense 374.80 Tape Sales 120.00 Bank Charges 46.50 Tape Sales Expense 0.50- Mbanx Loan Interest 3,344.00 Net Tape Sales 119.50 Mortgage Interest & Chrgs 986.15 Rental Income 4,036.00 Net Interest 4,330.15 Net Misc Sales & Services 0.00 Depreciation 0.00 Refunds & Discounts Given 0.00 GST Paid 646.05 TOTAL EARNED REVENUE 11,852.19 Bad Debts 0.00 Miscellaneous 0.00 MISCELLANEOUS REVENUE TOTAL SUPPLY & EXPENSE 17,320.53 Interest Income 351.71 Discounts Taken 0.00 _____________ Micellaneous Revenue 1,001.15 TOTAL EXPENSE 52,527.01 Amortisatn Dfrd Contribtns 0.00 _____________ TOTAL MISC REVENUE 1,352.86 INCOME 17,379.21 ============= _____________ TOTAL REVENUE 69,906.22 _____________