The following

MESSAGE TO FT MEMBERS

just went out:

We would like to draw your attention to the release of UNB’s Audited Financial Statements for the year ending 2013 April 30. As with all financial statements, these statements reflect the priorities of the senior administration and Board of Governors.

2012-13 income statement highliights:
— An “Excess of revenues over expenses” of $28,000,000.
— A transfer to “Net assets restricted for specific purposes” of $15,300,000.
— A transfer to “Net assets invested in capital assets” of $12,600,000.

2012-13 balance sheet highlights:
— Cash and short-term investments” increased by $8 million to $120,000,000.
— Long term investments increased by $19 million to $206,946,000.
— Total assets increased by $30 million to $614,917,000.Further analysis will follow and will be posted to the password protected page along with Financial Reports 1 and 2 and Bulletins 7 and 8.In the meantime, we encourage you to take a close look at  at these and previous financial statements.

In solidarity,
Miriam Jones
President, AUNBT

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Categories: Bargaining news, Communication