Financial Reports and Highlights

A brief description of the reports prepared by COFO

Financial Reports

An affiliate of the Council of Ontario Universities, COFO prepares an annual financial report on sector financial details that extends the sector’s commitment to transparency and accountability, by augmenting the publishing of audited financial statements by member institutions.

The Report is comprised of tables that have been compiled from submissions prepared by each publically-assisted university and its affiliated and federated institutions.

The financial information is categorized according to major fund groups: operating, ancillary, sponsored research, trust, capital and endowment, and captured in static and customized reports. The static and customized reports contain the same underlying data.

Static reports present the data in prescribed tables, whereas customized reports can be generated by users as desired, e.g. time-series analyses and institutional comparisons. An instruction manual is available to guide readers on how to produce customized reports.

Report Highlights

In addition to its Financial Report, COFO also publishes the Financial Report of Ontario Universities Highlights (the Highlights) each year. The information presented in the Highlights is at the system level: all universities, as well as their affiliated and federated colleges and universities, are included.

It is also prepared to present comparative high-level data in the following key areas by fund and by object: income sources, expenditure patterns, sponsored research income and enrolment. Comparative data has been presented typically for the last two or five years, depending on the particular graph.

University Financial Statements

The audited financial statements for each Ontario university

Click on the below links to view individual university financial statements:

Algoma University University of Ottawa
Brock University Queen’s University
Carleton University Ryerson University
University of Guelph University of Toronto
Lakehead University Trent University
Laurentian University University of Waterloo
McMaster University Western University
Nipissing University Wilfrid Laurier University
OCAD University University of Windsor
University of Ontario Institute of Technology York University