Page 77 - Vancouver Art Gallery 2014
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Interior_Annual Report 14-10-24 4:52 PM Page 75








VANCOUVER ART GALLERY ASSOCIATION
STATEMENT OF CHANGES IN NET ASSETS

Year ended June 30, 2014, with comparative information for 2013

UNRESTRICTED INTERNALLY PERMANENTLY TOTAL TOTAL
RESTRICTED RESTRICTED 2014 2013
FOR WORKING
CAPITAL
PURPOSES

Balance, beginning of year $ 574,125 $ 3,257,120 $ 505,000 $ 4,336,245 $ 2,720,387
Excess of revenue over expenses 1,389,586 ——1,389,586 1,615,858
Interfund transfers (note 7(c)) (886,976) 886,976 ———

BALANCE, END OF YEAR $ 1,076,735 $ 4,144,096 $ 505,000 $ 5,725,831 $ 4,336,245

See accompanying notes to financial statements.























































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