Cash Inflows

Operating Fund

Capital Fund

For Construction of Lab Building

Government Grant

Corporate Contributions

$500,000$

$400,000$

$100,000$

$y,000,000$

Donations Received

Government Grant for Y$4$ Operating Costs $($Note $4)$

Rental income from Lab $($Note $5)$

$75,000$

$20,000$

$30,000$

$125,000$

Cash Outfiows

Operating Fund

Capital Fund

Construction Costs for the Lab $($Note $1)$

Operating Expenses for Y$4($Note $6)$

Total Cash Outfiow in $14$

$(90,000),(1,000,000)$

$(90,000),(1,000,000)$

The Lab was completed on June $30,$ Y$4.$ Correctly prorated Amortization Expense for $2020$ was $$20,000.$

A resident donated land valued at $$200,000$ on which the lab was built.

A second resident donated lab equipment in $2020$ valued at $$60,000.$ Correctly prorated Amortization Expense for $Y4$ was $$2,000.$

The provincial government pledged $$100,000$ for $Y4$ operating expenses. $75\%$ of this amount was received in $Y4$ and the remaining $25\%$ will be received early in $Y5.$

The society rents out the lab to a local university for a fee.

At December $31,$ Y$4$ the society owes $$5,000$ for December operating expenses.

The society ran a campaign in December Y$4$ to raise funds for next year's operations. All funds raised were received in December.

Shaded Space for Q$-3$

Pranare Statement if Onerations fror Hew I Ising a Rectrinted Fund Methnd h Neforral Methind

Vorkbook Statistics