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WSPS 2014 Annual Report

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27 2014 annual report  |  Workplace Safety & Prevention Services Workplace Safety & Prevention Services Notes to Financial Statements December 31, 2014 12. DEFErrED Mol rEvENuE Deferred revenue consists of the following: 2014 2013 Prepaid rent $ 146,469 $ 146,469 Operating — 417,000 $ 146,469 $ 563,469 Changes in the deferred revenue balance is as follows: 2014 2013 Deferred revenue, beginning of the year $ 563,469 $ 2,041,763 Funding for first quarter 2014 expenditures received in 2013 — 417,000 Current year's expenditures from prior year's restricted excess  funding incurred for special projects (Note 18) (417,000 ) (1,895,294) Deferred revenue, end of the year $ 146,469 $ 563,469 13. DEFErrED CaPital CoNtributioNs Deferred capital contributions represent the unamortized amount of contributions received for the purchase of capital assets. 2014 2013 Balance, beginning of year $ 319,376 $ 382,787 Amortization of deferred capital contributions (44,564) (63,411) Balance, end of the year $ 274,812 $ 319,376

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