Table 16
CAPITAL RESERVE
($000)
|
|
|
1998-99 |
1999-2000 |
|
|
|
|
|
|
1 |
Opening Capital Reserve |
|
|
|
2 |
U.W.O. General Capital Reserve |
6,893 |
7,445 |
|
3 |
Gibbons Property |
6,897 |
7,182 |
|
4 |
Loan Funds |
-8 |
-8 |
|
5 |
Total Opening Capital Reserve |
13,782 |
14,619 |
|
|
|
|
|
|
6 |
Revenues (from Table 14) |
|
|
|
7 |
Government Grants |
3,478 |
3,930 |
|
8 |
General Capital Funds |
9,580 |
18,604 |
|
9 |
Sub-Total Revenues |
13,058 |
22,534 |
|
|
|
|
|
|
10 |
Expenditures (from Table 15) |
|
|
|
11 |
Deferred Maintenance |
6,026 |
5,301 |
|
12 |
Other Capital Projects |
6,195 |
19,454 |
|
13 |
Sub-Total Expenditures |
12,221 |
24,755 |
|
|
|
|
|
|
14 |
Closing Capital Reserve |
|
|
|
15 |
U.W.O. General Capital Reserve <1> |
7,445 |
5,216 |
|
16 |
Gibbons (Fanshawe/Richmond) Property Revenues |
7,182 |
7,182 |
|
17 |
Loan Funds |
-8 |
0 |
|
18 |
Total Closing Capital Reserve |
14,619 |
12,398 |
Note: <1> The Board sets a target for the Capital Reserve. The target was $6 million at April 30, 1996, to be increased by the consumer price index each year.
The target is $6.28 million for 1998-99 and $6.34 million for 1999-2000.