b"4 5CANADIAN SCHOOL BOARDS ASSOCIATIONS CANADIAN SCHOOL BOARDS ASSOCIATIONSL'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRES L'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRESBALANCE SHEET STATEMENT OF OPERATIONSAS AT MARCH 31, 2022 YEAR ENDED MARCH 31, 2022 2022 2021 2022 2021$ $ $ $ASSETS IncomeCurrent Membership fees 184,119 214,437Cash 181,358 174,875 Canadian Heritage project 523,244 91,555Term deposits (Note 4) 210,694 210,097 Interest 1,030 5,012Accounts receivable (Note 5) 27,570 11,200 Other revenue 48,665 13,285Prepaid expenses 1,693 1,671 757,058 324,289421,315 397,843 ExpensesCapital assets (Note 6) 1,407 1,502Amortization of capital assets 514 644422,722 399,345 Canadian Heritage project 476,656 91,555Executive stipend 22,500 22,500LIABILITIES Executive travel and representation 2,875 2,185Insurance 1,874 1,722Current Meetings and committees 8,386 -Accounts payable and accrued liabilities (Note 7) 106,713 30,585 Office 2,031 975Deferred contribution (Note 8) - 24,336 Professional fees 17,448 17,928Strategic plan initiatives 157,532 6,727106,713 54,921 Subcontractors 84,991 93,408Telecommunications 7,300 5,557NET ASSETS Translation 3,366 2,881Invested in capital assets 1,407 1,502 785,473 246,082Unrestricted 314,602 342,922(Deficiency) excess of revenues over expenses (28,415) 78,207316,009 344,424422,722 399,345Approved by,, Director, Director49 50"