Simon Fraser University

“The University's governing documents minutes of the Board policies including conflict of interest procedures and financial statements are available on its website: www.sfu.ca”

“Compensation to university executives fall under the review of the Public Sector Employer's Council whose mandate falls under the Compensation to university executives fall under the review of Public Sector Employer's Council. whose mandate falls under the Province of British Columbia. An annual report is filed with the Provincial Government available on the world wide web. The University's Board of Governors approves salary scales and compensation to key personnel.”

“The University's governing documents minutes of the Board policies including conflict of interest procedures and financial statements are available on its website: www.sfu.ca Accounting method - The Financial Reporting Framework FRF is in accordance with the Budget Transparency and Accountability Act of the Province of British Columbia and the Restricted Contribution Regulation 198 2011 issued pursuant to it. The regulations require the consolidated financial statements to be prepared in accordance with Canadian Public Sector Accounting Standards except that the contributions received or receivable by the university for the purpose of acquisition of tangible capital assets are accounted for as deferred capital contributions as described in note 2cv of the consolidated financial statements. The consolidated financial statements present the financial position of the university as at March 31 2021 and the results of its operations changes in net financial assets remeasurement gains and losses and its cash flows for the year then ended.”

“Accounting method - other: The Financial Reporting Framework FRF is in accordance with the Budget Transparency and Accountability Act of the Province of British Columbia and the Restricted Contribution Regulation 198 2011 issued pursuant to it. The regulations require the financial statements be prepared in accordance with Canadian Public Sector Accounting Standards PSAS issued by the Canadian Public Sector Accounting Board except that the contributions received or receivable by the University for purpose of acquisition of tangible capital assets are accounted as deferred capital contributions as described in notes 2a & 17 of the University's financial statements. For additional details the University's financial statements can be found on the world wide web - http: www.sfu.ca finance publications.html”

“| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Other program services include Specific Purpose Funds: Typically these programs are funded by grants and contracts from external sponsors donors various levels of government and endowment investment income attributed for spending. Expenditures include scholarships bursaries community services and other teaching priorities. Funds are often designated for the acquisition of buildings furniture and equipment including major renovations., $42532629, $5830889, $36142703|”

“| Description:, Explanation:, Amount:| Exchange rate used to convert from Canadian to US funds: Fiscal year ending March 31 2020: $0.7049 Fiscal year ending March 31 2021: $0.7952 Line 9: Other changes in net assets of fund balances $80,904,303 $71,234,067 impact on opening net asset balance resulting from change in exchange rates at March 2020 and March 2021 and change in the re-measurement gains and losses balance. $9,670,419 represents endowment donations and other endowment contributions received during the year and held in perpetuity by the university. The revenue is not recognized in Part VIII Statement of Revenue in accordance with Canadian Public Sector Accounting Standards FRF Financial Reporting Framework. The related accumulated surplus is separately accounted for on the Consolidated Statement of Financial Position., Defer to description, $80904303|”