Statement of Operations | 2011 Annual Report | Ontario College of Teachers

Financial Statements

(in thousands of dollars)

	2011	2010
	$	$
Revenue
Annual membership fees	28,297	27,747
Other fees	2,671	2,879
Advertising	1,027	1,028
Amortization of deferred capital contribution	117	311
Special projects	64	171
Interest and other	348	226
	32,524	32,362
Expenses
Employee compensation	17,743	17,481
Council and committees	665	742
Services to members and applicants	2,935	3,063
Professional practice	600	509
Investigations and hearings	2,801	2,085
Operating support	5,920	6,834
Amortization	2,130	2,489
Council elections	89	–
	32,883	33,203
Deficiency of revenue over expenses for the year	(359)	(841)

The accompanying notes are an integral part of these financial statements.