NORTHERN COLLEGE OF APPLIED ARTS AND TECHNOLOG Y Schedule of Continuity of Restricted and Endowment Funds Years ended March 2013 and March 31, 2012 Restricted Funds Balance, Scholarships Balance, March 31, and other March 31, 2012 Additions disbursements 2013 Board of Governors Entrance Scholarship $ 25,169 363 7,000 $ 18,532 J.H. Drysdale Award 74,751 1,485 500 75,736 Other 884,861 307,801 1,160,230 32,432 Ontario Student Opportunity and Trust Disbursements Fund 108,479 87,343 75,817 120,005 Capital 3,195,213 173,500 2,400,000 968,713 $ 4,288,473 570,492 3,643,547 $ 1,215,418 Endowment Funds Balance, Balance, March 31, March 31, 2012 Additions 2013 Ontario Student Opportunity Trust Fund 1 $ 2,748,800 - $ 2,748,800 Ontario Student Opportunity Trust Fund 2 570,897 - 570,897 Ontario Trust for Student Support Fund and endowments 983,757 13,700 997,457 $ 4,303,454 13,700 $ 4,317,154 Total restricted and endowment funds $ 8,591,927 584,192 3,643,547 $ 5,532,572 See accompanying notes to financial statements. 23