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
