Schedule 1
L’ ASSOCIATION DES FRANCOPHONES DE NANAIMO

SCHEDULE OF REVENUES AND EXPENDITURES

FOR THE YEAR ENDED MARCH 31, 1998

(Unaudited)
1998 1997
ADMINISTRATION
REVENUES
Canadian Heritage grant $ 23,857 $ 25,560
Memberships 1,250 1,363
Hall and facilities rental 7,679 6,288
Other 2,229 1,513
35,015 34,724
EXPENDITURES
Annual meeting 196 99
Accounting and legal 2,215 4,055
Insurance 1,041 1,051
Interest 1,110 1,602
Dues and subscriptions 1,460 491
Office 3,346 2,807
Salaries 10,791 18,559
Telephone 1,151 ‘ 1,544
Utilities, property taxes and maintenance 9,606 9,542

Furniture and equipment (note 1)

34,037 39,750
EXCESS (DEFICIENCY) OF ADMINISTRATION
REVENUES OVER EXPENDITURES $ 978 $ (5,026)
EDUCATION
REVENUES
Transfer from bingo $ - $ 419
Wage supplement - Province of B.C. 2,179 1,822
Tuition - preschool 11,163 8,693
Other 420 1,538
13,762 12,472
EXPENDITURES
Salaries 10,873 10,961
Course materials and supplies 682 966
Office 1,368 2,062
Other 1,119 1,184
14,042 15,173
EXCESS OF EDUCATION
EXPENDITURES OVER REVENUES $ (280) $ (2,701)

See notes to financial statements

- 7 -
PF) BESTWICK &
PARTNERS

CHARTERED ACCOUNTANTS
Est. 1945