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, April 1, and other March 31, 2011 Additions disbursements 2012 Board of Governors Entrance Scholarship $ 31,836 333 7,000 $ 25,169 J.H. Drysdale Award 74,763 988 1,000 74,751 Other 957,385 625,417 697,941 884,861 Ontario Student Opportunity and Trust Disbursements Fund 126,239 99,635 117,395 108,479 Capital 3,730,047 121,010 655,844 3,195,213 $ 4,920,270 847,383 1,479,180 $ 4,288,473 Endowment Funds Balance, Balance, April 1, March 31, 2011 Additions 2012 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 662,651 321,106 - 983,757 $ 3,982,348 321,106 $ 4,303,454 Total restricted and endowment funds $ 8,902,618 1,168,489 1,479,180 $ 8,591,927 See accompanying notes to financial statements. 24