{"id":52,"date":"2023-10-28T13:01:17","date_gmt":"2023-10-28T17:01:17","guid":{"rendered":"https:\/\/www.costi.org\/annual-report-2023\/?page_id=52"},"modified":"2023-11-27T16:00:10","modified_gmt":"2023-11-27T21:00:10","slug":"financial-statements","status":"publish","type":"page","link":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/","title":{"rendered":"Financial Statements"},"content":{"rendered":"<div id=\"section-intro-block_8399393a58deb0d27fc7b958d255c771\" class=\"section-intro alignfull light\">\n\n\t\t<div class=\"section-intro-image \">\n\t\t<div class=\"section-intro-image-inner\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"615\" height=\"897\" src=\"https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/10\/Group-1063.jpg\" class=\"attachment-banner-image size-banner-image\" alt=\"\" srcset=\"https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/10\/Group-1063.jpg 615w, https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/10\/Group-1063-206x300.jpg 206w, https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/10\/Group-1063-400x583.jpg 400w\" sizes=\"auto, (max-width: 615px) 100vw, 615px\" \/>\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"section-intro-details\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"medium-7 column\">\n\t\t\t\t<div class=\"section-intro-details-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h1>Financials<\/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<div id=\"financial-table-block_8c37fca64792b284e660d1db47aae9c7\" class=\"financial-table alignfull \">\n\t<div class=\"row column\">\n\t\t<div class=\"block-table\">\n\t\t\t<div class=\"table-title\">\n\t\t\t\t<h4>COSTI Immigrant Services<\/h4>\n\t\t\t\t<p>Statement of Financial Position<br \/>\n\t\t\t\t\tAs at March 31, 2023<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"table-wrapper\">\n\t\t\t\t<table>\n\t\t\t\t\t<thead>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<th><\/th>\n\t\t\t\t\t\t\t<th>Operating Fund<\/th>\n\t\t\t\t\t\t\t<th>Capital Fund<\/th>\n\t\t\t\t\t\t\t<th>Special Fund<\/th>\n\t\t\t\t\t\t\t<th>Total 2023<\/th>\n\t\t\t\t\t\t\t<th><\/th>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/thead>\n\t\t\t\t\t<tbody>\n\t\t\t\t\t\t<tr class=\"main-title\">\n\t\t\t\t\t\t\t<td colspan=\"6\">Assets<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"sub-title\">\n\t\t\t\t\t\t\t<td colspan=\"6\">Current<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td>Cash (Note 3)<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>2,386,805<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>2,386,805<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,445,446<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td>Short-term investments <i>(Note 4)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>12,000,000<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>12,000,000<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>2,000,000<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td>Grants and Subsidies receivable<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,124,321<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,124,321<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>5,581,590<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td>Miscellaneous accounts and other receivables <i>(Note 12)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>3,405,680<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>3,405,680<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>2,094,469<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr>\n\t\t\t\t\t\t\t<td>Receivable from MLTSD<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>244,789<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>244,789<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>387,283<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr>\n\t\t\t\t\t\t\t<td>Prepaid expenditures<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,010,592<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,010,592<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>850,824<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr>\n                                                        <td>Interfund balances <i>(Note 5)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>(8,471,128.00)<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"divider\">\n\t\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>17,701,059<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>26,172,187<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>18,359,612<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"sub-title\">\n                                                        <td>Capital assets <i>(Note 6)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,995,021<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,995,021<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,572,514<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr class=\"divider\">\n\t\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"total\">\n\t\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>17,701,059<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,995,021<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>34,127,208<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>26,932,126<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr class=\"main-title\">\n\t\t\t\t\t\t\t<td colspan=\"6\">&nbsp;<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"main-title\">\n\t\t\t\t\t\t\t<td colspan=\"6\">Liabilities and Net Assets<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr class=\"sub-title\">\n\t\t\t\t\t\t\t<td colspan=\"6\">Current<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n                                                        <td>Accounts payable and accrued liabilities <i>(Note 7)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,405,927<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,405,927<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,742,573<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n                                                        <td>Deferred contributions <i>(Notes 8 and 9)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,834,886<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>138,725<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,973,611<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,927,233<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr>\n\t\t\t\t\t\t\t<td>Current portion of lease inducement<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,308<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,308<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,308<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr>\n\t\t\t\t\t\t\t<td>Current portion of mortgage payable<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>86,037<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"divider\">\n\t\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>16,248,121<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>138,725<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>16,386,846<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>15,133,151<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n                                                        <td>Deferred contributions related to capital assets <i>(Note 9)<\/i><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,015,632<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,015,632<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,153,151<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td>Deferred lease indicement<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>34,715<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>34,715<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>42,024<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr class=\"divider\">\n\t\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>16,282,836<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,154,357<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>17,437,193<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>16,328,723<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"sub-title\">\n                                                        <td>Net Assets &#8211; Fund balances<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>1,418,233<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>6,800,664<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>16,690,015<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>10,603,403<\/td>\n\t\t\t\t\t\t<\/tr>\n                                                <tr class=\"divider\">\n\t\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr class=\"total\">\n\t\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>17,701,059<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>7,955,021<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>8,471,128<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>34,127,208<\/td>\n\t\t\t\t\t\t\t<td><span>$<\/span>26,932,126<\/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<div class=\"table-info\">\n\t\t\t\t<p>\n\t\t\t\t\t<strong><i>Commitments<\/i><\/strong> <i>(Note 11)<\/i><br \/>\n\t\t\t\t\t<strong><i>Contingent liabilities<\/i><\/strong> <i>(Note 13)<\/i>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"table-title\">\n\t\t\t\t<p>Statement of Operations<br \/>\n\t\t\t\t\tYear Ended March 31, 2023<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"table-wrapper\">\n\t\t\t\t<table>\n\t\t\t\t\t<thead>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<th><\/th>\n\t\t\t\t\t\t<th>Operating Fund<\/th>\n\t\t\t\t\t\t<th>Capital Fund<\/th>\n\t\t\t\t\t\t<th>Special Fund<\/th>\n\t\t\t\t\t\t<th>Total 2023<\/th>\n\t\t\t\t\t\t<th><\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/thead>\n\t\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"main-title\">\n\t\t\t\t\t\t<td>Revenue<\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Government grants and subsidies (Schedule 1)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>84,659,651<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>137,916<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>84,797,567<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>49,524,891<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>WCG International Consultants Ltd. (Schedule 1)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>2,678,485<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>2,678,485<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,920,178<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Fees for services (Schedule 2)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,264,366<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,264,366<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>805,925<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>United Way Greater Toronto<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>808,059<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>808,059<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>777,942<\/td>\n\t\t\t\t\t<\/tr>\n                                        <tr>\n\t\t\t\t\t\t<td>Foundation grants (Schedule 1)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>327,252<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>327,252<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>416,030<\/td>\n\t\t\t\t\t<\/tr>\n                                        <tr>\n\t\t\t\t\t\t<td>Partnership revenue (Schedule 1)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>319,580<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>319,580<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>283,892<\/td>\n\t\t\t\t\t<\/tr>\n                                        <tr>\n\t\t\t\t\t\t<td>Income from property<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>242,595<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>242,595<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>238,536<\/td>\n\t\t\t\t\t<\/tr>\n                                        <tr>\n\t\t\t\t\t\t<td>Donations, memberships and fundraising<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>147,006<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>147,006<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>237,165<\/td>\n\t\t\t\t\t<\/tr>\n                                        <tr>\n\t\t\t\t\t\t<td>Government assistance<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>80,949<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"divider\">\n\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"total\">\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><span>$<\/span>90,446,994<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>137,916<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>90,584,910<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>54,285,508<\/td>\n\t\t\t\t\t<\/tr>\n\n\t\t\t\t\t<tr class=\"main-title\">\n\t\t\t\t\t\t<td>Expenses (Schedule 3)<\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Salaries and benefits (Note 10)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>26,995,193<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>26,995,193<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>23,681,324<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Program partnerships<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>441,987<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>441,987<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>604,952<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Client program costs<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>45,872,731<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>45,872,731<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>20,246,578<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Building occupancy<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>5,045,770<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>5,045,770<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>3,328,008<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>General<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>3,199,142<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>3,199,142<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>2,448,684<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Office<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,900,771<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,900,771<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,327,094<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Costs of goods and services sold<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>425,211<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>425,211<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>254,615<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>Amortization<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>617,493<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>617,493<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>532,180<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"divider\">\n\t\t\t\t\t\t<td colspan=\"6\"><\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"total\">\n\t\t\t\t\t\t<td><\/td>\n\t\t\t\t\t\t<td><span>$<\/span>83,880,805<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>617,493<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>84,498,298<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>52,423,435<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"total\">\n\t\t\t\t\t\t<td>Excess (deficiency) of revenue over expenses<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>6,566,189<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>(479,577)<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>&#8211;<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>6,086,612<\/td>\n\t\t\t\t\t\t<td><span>$<\/span>1,862,073<\/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":"","protected":false},"author":1,"featured_media":217,"parent":0,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-52","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial 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:\/\/www.costi.org\/annual-report-2023\/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:url\" content=\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/\" \/>\n<meta property=\"og:site_name\" content=\"Costi Annual Report\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-27T21:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/11\/as-e1699375168765.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1615\" \/>\n\t<meta property=\"og:image:height\" content=\"897\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/\",\"url\":\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/\",\"name\":\"Financial Statements - Costi Annual Report\",\"isPartOf\":{\"@id\":\"https:\/\/www.costi.org\/annual-report-2023\/#website\"},\"datePublished\":\"2023-10-28T17:01:17+00:00\",\"dateModified\":\"2023-11-27T21:00:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.costi.org\/annual-report-2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Statements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.costi.org\/annual-report-2023\/#website\",\"url\":\"https:\/\/www.costi.org\/annual-report-2023\/\",\"name\":\"Costi Annual Report\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.costi.org\/annual-report-2023\/?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:\/\/www.costi.org\/annual-report-2023\/financial-statements\/","og_locale":"en_US","og_type":"article","og_title":"Financial Statements - Costi Annual Report","og_url":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/","og_site_name":"Costi Annual Report","article_modified_time":"2023-11-27T21:00:10+00:00","og_image":[{"width":1615,"height":897,"url":"https:\/\/www.costi.org\/annual-report-2023\/wp-content\/uploads\/2023\/11\/as-e1699375168765.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/","url":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/","name":"Financial Statements - Costi Annual Report","isPartOf":{"@id":"https:\/\/www.costi.org\/annual-report-2023\/#website"},"datePublished":"2023-10-28T17:01:17+00:00","dateModified":"2023-11-27T21:00:10+00:00","breadcrumb":{"@id":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.costi.org\/annual-report-2023\/financial-statements\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.costi.org\/annual-report-2023\/"},{"@type":"ListItem","position":2,"name":"Financial Statements"}]},{"@type":"WebSite","@id":"https:\/\/www.costi.org\/annual-report-2023\/#website","url":"https:\/\/www.costi.org\/annual-report-2023\/","name":"Costi Annual Report","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.costi.org\/annual-report-2023\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/pages\/52","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":20,"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/pages\/52\/revisions"}],"predecessor-version":[{"id":932,"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/pages\/52\/revisions\/932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/media\/217"}],"wp:attachment":[{"href":"https:\/\/www.costi.org\/annual-report-2023\/wp-json\/wp\/v2\/media?parent=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}