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Financial Statements
Financial Statements
Calgary Health Foundation 2022/23 Audited Financial Statements
Calgary Health Foundation STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCES
2023
2022
Year ended March 31,
REVENUE Donations
$
9,812,659 $
9,940,349 16,910,919
The following information summarizes the financial position and the operations and changes in fund balances for the Calgary Health Foundation for the year ended March 31, 2023.
Lotteries (net) Events (net)
14,321,394
On May 24, 2023, our independent auditors, Ernst & Young LLP, issued an unqualified audit report on the financial statements of the Calgary Health Foundation for the year ended March 31, 2023. The 2022/23 Audited Financial Statements, including the independent auditors’ report, are available on the Calgary Health Foundation website (https://www. calgaryhealthfoundation. ca/financial-statements/) or by contacting the Calgary Health Foundation office at (403) 943-0615.
580,852
455,770
24,714,905
27,307,038
Grants – Alberta Health Services Grants – Other Government
437,127 14,350
434,471
Calgary Health Foundation STATEMENT OF FINANCIAL POSITION
6,376
Investment income
6,389,278
6,949,014 34,696,899
$
31,555,660 $
EXPENSES Operating expenses
As at March 31,
2023
2022
$
7,747,121 $
6,719,280
ASSETS Cash
$ 85,016,128 $ 84,015,092
Excess of revenue over expenditures before charitable disbursements
Accounts receivable Prepaid expenses
481,661
467,273
$
23,808,539 $
27,977,619
1,507,963 96,243,340 2,280,683
2,563,357 96,502,220 2,441,450
Investments – at market value
CHARITABLE DISBURSEMENTS Alberta Health Services
Other assets Total Assets
11,364,036 3,110,741
6,724,557 3,559,850
$ 185,529,775 $ 185,989,392
University of Calgary Other Organizations
854,000
260,132
$
15,328,777 $
10,544,539
LIABILITIES Accounts payable & accrued liabilities Charitable disbursements payable Deferred revenue – lotteries and events
$
2,511,118 $
2,401,737 2,617,462 17,304,362
747,215
Excess of revenue over expenditures and charitable disbursements
$
8,479,762 $
17,433,080
14,225,036
Total Liabilities
$ 17,483,369 $ 22,323,561
Fund balances, beginning of year
159,020,392
141,587,312
FUND BALANCES Operating Fund Restricted Fund Endowment Fund
$ 167,500,154 $ 159,020,392
Fund balances, end of year
$ 22,160,151 $ 18,801,008
111,705,413 33,634,590
106,883,457
33,335,927 $ 167,500,154 $ 159,020,392
Accumulated remeasurement gains Total Liabilities & Fund Balance
546,252
4,645,439
$ 185,529,775 $ 185,989,392
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