NORTHERN COLLEGE OF APPLIED ARTS AND TECHNOLOG Y Schedule of Ancillary Revenue and Expenses Years ended March 31, 2013 and March 31, 2012 2013 2012 Bookstore Operations Revenue $ 105,253 $ 158,537 Operating expense 24,095 47,931 Excess of revenue over expense $ 81,158 $ 110,606 Student Residence Operations Revenue: Rent $ 491,556 $ 432,002 Service charges 61,470 60,351 553,026 492,353 Expense: Operating 393,154 418,830 Interest 98,140 407,056 491,294 825,886 27 Excess (deficiency) of revenue over expense $ 61,732 $ (333,533) Parking Grounds Operations Revenue $ 122,228 $ 114,790 Operating expense 139,062 121,772 Deficiency of revenue over expense $ (16,834) $ (6,982) Ancillary Facilities Operation s Revenue $ 1,906,413 $ 1,679,267 Operating expense 1,729,397 1,537,213 Excess of revenue over expense $ 177,016 $ 142,054 See accompanying notes to financial statements. 27