{"id":52,"date":"2023-10-28T13:01:17","date_gmt":"2023-10-28T17:01:17","guid":{"rendered":"https:\/\/costi.org\/annual-report-2024\/?page_id=52"},"modified":"2024-09-24T22:02:00","modified_gmt":"2024-09-25T02:02:00","slug":"financial-statements","status":"publish","type":"page","link":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/","title":{"rendered":"Financial Statements"},"content":{"rendered":"
\n\n\t\t
\n\t\t
\n\t\t\t\"Hands\t\t<\/div>\n\t<\/div>\n\t\t
\n\t\t
\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

Financial Statements<\/h1>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n
\n\t
\n\t\t
\n\t\t\t
\n\t\t\t\t

COSTI Immigrant Services<\/h4>\n\t\t\t\t

Statement of Financial Position
\n\t\t\t\t\tAs at March 31, 2024<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n \n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n \n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n \n \n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n \n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n \n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t
<\/th>\n\t\t\t\t\t\t\tOperating Fund<\/th>\n\t\t\t\t\t\t\tCapital Fund<\/th>\n\t\t\t\t\t\t\tSpecial Fund<\/th>\n\t\t\t\t\t\t\tTotal 2024<\/th>\n\t\t\t\t\t\t\tTotal 2023<\/th>\n\n\t\t\t\t\t\t\t<\/th>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/thead>\n\t\t\t\t\t
Assets<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Current<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Cash<\/td>\n\t\t\t\t\t\t\t$<\/span>2,068,218<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>2,068,218<\/td>\n\t\t\t\t\t\t\t$<\/span>2,386,805<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Short-term investments (Note 4)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>12,971,128<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>12,971,128<\/td>\n\t\t\t\t\t\t\t$<\/span>12,000,000<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Grants and subsidies receivable<\/td>\n\t\t\t\t\t\t\t$<\/span>10,348,025<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>10,348,025<\/td>\n\t\t\t\t\t\t\t$<\/span>7,124,321<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Miscellaneous accounts and other receivables <\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>4,132,039<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>4,132,039<\/td>\n\t\t\t\t\t\t\t$<\/span>3,405,680<\/td>\n\t\t\t\t\t\t<\/tr>\n
Receivable from MLTSD<\/td>\n\t\t\t\t\t\t\t$<\/span>258,842<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>258,842<\/td>\n\t\t\t\t\t\t\t$<\/span>244,789<\/td>\n\t\t\t\t\t\t<\/tr>\n
Prepaid expenditures<\/td>\n\t\t\t\t\t\t\t$<\/span>842,558<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>842,558<\/td>\n\t\t\t\t\t\t\t$<\/span>1,010,592<\/td>\n\t\t\t\t\t\t<\/tr>\n
Interfund balances (Note 5)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>(8,471,128)<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t\t$<\/span>22,149,682<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t$<\/span>30,620,810<\/td>\n\t\t\t\t\t\t\t$<\/span>26,172,187<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Capital assets (Note 6)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>7,295,829<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>7,295,829<\/td>\n\t\t\t\t\t\t\t$<\/span> 7,995,021<\/td>\n\t\t\t\t\t\t<\/tr>\n
<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t\t$<\/span>22,149,682<\/td>\n\t\t\t\t\t\t\t$<\/span>7,295,829<\/td>\n\t\t\t\t\t\t\t$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t$<\/span>37,916,639<\/td>\n\t\t\t\t\t\t\t$<\/span>34,127,208<\/td>\n\t\t\t\t\t\t<\/tr>\n
 <\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Liabilities and Net Assets<\/td>\n\t\t\t\t\t\t<\/tr>\n
Current<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Accounts payable and accrued liabilities (Note 7)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>8,364,018<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>8,364,018<\/td>\n\t\t\t\t\t\t\t$<\/span>7,405,927<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Deferred contributions (Notes 8 and 9)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>5,295,805<\/td>\n\t\t\t\t\t\t\t$<\/span>118,806<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>5,414,611<\/td>\n\t\t\t\t\t\t\t$<\/span>8,973,611<\/td>\n\t\t\t\t\t\t<\/tr>\n
Current portion of lease inducement<\/td>\n\t\t\t\t\t\t\t$<\/span>7,308<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>7,308<\/td>\n\t\t\t\t\t\t\t$<\/span>7,308<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t\t$<\/span>13,667,131<\/td>\n\t\t\t\t\t\t\t$<\/span>118,806<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>13,785,937<\/td>\n\t\t\t\t\t\t\t$<\/span>16,386,846<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Deferred contributions related to capital assets (Note 9)<\/i><\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>910,065<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>910,065<\/td>\n\t\t\t\t\t\t\t$<\/span>1,015,632<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Deferred lease inducement<\/td>\n\t\t\t\t\t\t\t$<\/span>27,406<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>27,406<\/td>\n\t\t\t\t\t\t\t$<\/span>34,715<\/td>\n\t\t\t\t\t\t<\/tr>\n
<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t\t$<\/span>13,694,537<\/td>\n\t\t\t\t\t\t\t$<\/span>1,028,871<\/td>\n\t\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t\t$<\/span>14,723,408<\/td>\n\t\t\t\t\t\t\t$<\/span>17,437,193<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
Net Assets – Fund balances<\/td>\n\t\t\t\t\t\t\t$<\/span>8,455,145<\/td>\n\t\t\t\t\t\t\t$<\/span>6,266,958<\/td>\n\t\t\t\t\t\t\t$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t$<\/span>23,193,231<\/td>\n\t\t\t\t\t\t\t$<\/span>16,690,015<\/td>\n\t\t\t\t\t\t<\/tr>\n
<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t\t$<\/span>22,149,682<\/td>\n\t\t\t\t\t\t\t$<\/span>7,295,829<\/td>\n\t\t\t\t\t\t\t$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t$<\/span>37,916,639<\/td>\n\t\t\t\t\t\t\t$<\/span>34,127,208<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/tbody>\n\t\t\t\t<\/table>\n\t\t\t<\/div>\n\t\t\t
\n\t\t\t\t

\n\t\t\t\t\tCommitments<\/i><\/strong> (Note 11)<\/i>
\n\t\t\t\t\tContingent liabilities<\/i><\/strong> (Note 13)<\/i>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t

Statement of Operations
\n\t\t\t\t\tYear Ended March 31, 2024<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t
<\/th>\n\t\t\t\t\t\tOperating Fund<\/th>\n\t\t\t\t\t\tCapital Fund<\/th>\n\t\t\t\t\t\tSpecial Fund<\/th>\n\t\t\t\t\t\tTotal 2024<\/th>\n\t\t\t\t\t\tTotal 2023<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/thead>\n\t\t\t\t\t
Revenue<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Government grants and subsidies (Schedule 1)<\/td>\n\t\t\t\t\t\t$<\/span>114,638,137<\/td>\n\t\t\t\t\t\t$<\/span>125,486<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>114,763,623<\/td>\n\t\t\t\t\t\t$<\/span>84,797,567<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
WCG International Consultants Ltd. (Schedule 1)<\/td>\n\t\t\t\t\t\t$<\/span>3,232,316<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>3,232,316<\/td>\n\t\t\t\t\t\t$<\/span>2,678,485<\/td>\n <\/tr>\n\t\t\t\t\t
Investment revenue<\/td>\n\t\t\t\t\t\t$<\/span>1,376,239<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>1,376,239<\/td>\n\t\t\t\t\t\t$<\/span>350,527<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Fees for services (Schedule 2)<\/td>\n\t\t\t\t\t\t$<\/span>915,599<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>915,599<\/td>\n\t\t\t\t\t\t$<\/span>913,839<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
United Way Greater Toronto<\/td>\n\t\t\t\t\t\t$<\/span>971,793<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>971,793<\/td>\n\t\t\t\t\t\t$<\/span>808,059<\/td>\n\t\t\t\t\t<\/tr>\n
Foundation grants (Schedule 1)<\/td>\n\t\t\t\t\t\t$<\/span>172,410<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>172,410<\/td>\n\t\t\t\t\t\t$<\/span>327,252<\/td>\n\t\t\t\t\t<\/tr>\n
Partnership revenue (Schedule 1)<\/td>\n\t\t\t\t\t\t$<\/span>307,480<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>307,480<\/td>\n\t\t\t\t\t\t$<\/span>319,580<\/td>\n\t\t\t\t\t<\/tr>\n
Income from property<\/td>\n\t\t\t\t\t\t$<\/span>154,430<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>154,430<\/td>\n\t\t\t\t\t\t$<\/span>242,595<\/td>\n\t\t\t\t\t<\/tr>\n
Donations, memberships and fundraising<\/td>\n\t\t\t\t\t\t$<\/span>32,912<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>32,912<\/td>\n\t\t\t\t\t\t$<\/span>147,006<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t$<\/span>121,801,316<\/td>\n\t\t\t\t\t\t$<\/span>125,486<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>121,926,802<\/td>\n\t\t\t\t\t\t$<\/span>90,584,910<\/td>\n\t\t\t\t\t<\/tr>\n\n\t\t\t\t\t
Expenses (Schedule 3)<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Salaries and benefits (Note 10)<\/td>\n\t\t\t\t\t\t$<\/span>31,953,527<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>31,953,527<\/td>\n\t\t\t\t\t\t$<\/span>26,995,193<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Program partnerships<\/td>\n\t\t\t\t\t\t$<\/span>445,037<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>445,037<\/td>\n\t\t\t\t\t\t$<\/span>441,987<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Client program costs<\/td>\n\t\t\t\t\t\t$<\/span>71,978,093<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>71,978,093<\/td>\n\t\t\t\t\t\t$<\/span>45,872,731<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Building occupancy<\/td>\n\t\t\t\t\t\t$<\/span>4,893,496<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>4,893,496<\/td>\n\t\t\t\t\t\t$<\/span>5,045,770<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
General<\/td>\n\t\t\t\t\t\t$<\/span>4,001,896<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>4,001,896<\/td>\n\t\t\t\t\t\t$<\/span>3,199,142<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Office<\/td>\n\t\t\t\t\t\t$<\/span>1,138,710<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>1,138,710<\/td>\n\t\t\t\t\t\t$<\/span>1,900,771<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Costs of goods and services sold<\/td>\n\t\t\t\t\t\t$<\/span>353,635<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>353,635<\/td>\n\t\t\t\t\t\t$<\/span>425,211<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Amortization<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>659,192<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>659,192<\/td>\n\t\t\t\t\t\t$<\/span>617,493<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
<\/td>\n\t\t\t\t\t\t$<\/span>114,764,394<\/td>\n\t\t\t\t\t\t$<\/span>659,192<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>115,423,586<\/td>\n\t\t\t\t\t\t$<\/span>84,498,298<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t
Excess (deficiency) of revenue over expenses<\/td>\n\t\t\t\t\t\t$<\/span>7,036,922<\/td>\n\t\t\t\t\t\t$<\/span>(533,706)<\/td>\n\t\t\t\t\t\t$<\/span>–<\/td>\n\t\t\t\t\t\t$<\/span>6,503,216<\/td>\n\t\t\t\t\t\t$<\/span>6,086,612<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/tbody>\n\t\t\t\t<\/table>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

COSTI Immigrant Services Statement of Financial Position As at March 31, 2024 Operating Fund Capital Fund Special Fund Total 2024 Total 2023 Assets Current Cash $2,068,218 $– $– $2,068,218 $2,386,805 Short-term investments (Note 4) $12,971,128 $– $– $12,971,128 $12,000,000 Grants and subsidies receivable $10,348,025 $– $– $10,348,025 $7,124,321 Miscellaneous accounts and other receivables $4,132,039 $– […]<\/p>\n","protected":false},"author":1,"featured_media":1066,"parent":0,"menu_order":21,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-52","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nFinancial Statements - COSTI Annual Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Statements - COSTI Annual Report\" \/>\n<meta property=\"og:description\" content=\"COSTI Immigrant Services Statement of Financial Position As at March 31, 2024 Operating Fund Capital Fund Special Fund Total 2024 Total 2023 Assets Current Cash $2,068,218 $– $– $2,068,218 $2,386,805 Short-term investments (Note 4) $12,971,128 $– $– $12,971,128 $12,000,000 Grants and subsidies receivable $10,348,025 $– $– $10,348,025 $7,124,321 Miscellaneous accounts and other receivables $4,132,039 $– […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/\" \/>\n<meta property=\"og:site_name\" content=\"COSTI Annual Report\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-25T02:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments-576x1024.png\" \/>\n\t<meta property=\"og:image:width\" content=\"576\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/\",\"url\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/\",\"name\":\"Financial Statements - COSTI Annual Report\",\"isPartOf\":{\"@id\":\"https:\/\/costi.org\/annual-report-2024\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png\",\"datePublished\":\"2023-10-28T17:01:17+00:00\",\"dateModified\":\"2024-09-25T02:02:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage\",\"url\":\"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png\",\"contentUrl\":\"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png\",\"width\":2268,\"height\":4032,\"caption\":\"Hands typing on a laptop displaying an Excel spreadsheet with financial data and pie charts. Next to the laptop is a notebook with handwritten notes on it.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/costi.org\/annual-report-2024\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Statements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/costi.org\/annual-report-2024\/#website\",\"url\":\"https:\/\/costi.org\/annual-report-2024\/\",\"name\":\"COSTI Annual Report\",\"description\":\"Annual Impact Report 2023\u20132024\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/costi.org\/annual-report-2024\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Statements - COSTI Annual Report","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/","og_locale":"en_US","og_type":"article","og_title":"Financial Statements - COSTI Annual Report","og_description":"COSTI Immigrant Services Statement of Financial Position As at March 31, 2024 Operating Fund Capital Fund Special Fund Total 2024 Total 2023 Assets Current Cash $2,068,218 $– $– $2,068,218 $2,386,805 Short-term investments (Note 4) $12,971,128 $– $– $12,971,128 $12,000,000 Grants and subsidies receivable $10,348,025 $– $– $10,348,025 $7,124,321 Miscellaneous accounts and other receivables $4,132,039 $– […]","og_url":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/","og_site_name":"COSTI Annual Report","article_modified_time":"2024-09-25T02:02:00+00:00","og_image":[{"width":576,"height":1024,"url":"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments-576x1024.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/","url":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/","name":"Financial Statements - COSTI Annual Report","isPartOf":{"@id":"https:\/\/costi.org\/annual-report-2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage"},"image":{"@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage"},"thumbnailUrl":"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png","datePublished":"2023-10-28T17:01:17+00:00","dateModified":"2024-09-25T02:02:00+00:00","breadcrumb":{"@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/costi.org\/annual-report-2024\/financial-statements\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#primaryimage","url":"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png","contentUrl":"https:\/\/costi.org\/annual-report-2024\/wp-content\/uploads\/2024\/09\/9.-Financial-Statments.png","width":2268,"height":4032,"caption":"Hands typing on a laptop displaying an Excel spreadsheet with financial data and pie charts. Next to the laptop is a notebook with handwritten notes on it."},{"@type":"BreadcrumbList","@id":"https:\/\/costi.org\/annual-report-2024\/financial-statements\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/costi.org\/annual-report-2024\/"},{"@type":"ListItem","position":2,"name":"Financial Statements"}]},{"@type":"WebSite","@id":"https:\/\/costi.org\/annual-report-2024\/#website","url":"https:\/\/costi.org\/annual-report-2024\/","name":"COSTI Annual Report","description":"Annual Impact Report 2023\u20132024","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/costi.org\/annual-report-2024\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/pages\/52","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":38,"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/pages\/52\/revisions"}],"predecessor-version":[{"id":1426,"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/pages\/52\/revisions\/1426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/media\/1066"}],"wp:attachment":[{"href":"https:\/\/costi.org\/annual-report-2024\/wp-json\/wp\/v2\/media?parent=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}