Research, Scholarly and Artistic Work
External Funding for Research, Scholarly and Artistic Work
Total and Tri-Agency Research Revenue
* In May 2011, the U of S received funding from UBC for construction of the QSMC beam-line at CLSI. This triggered discovery of an agreement that had been
signed in the 2008/2009 year but had never been recorded as revenue in university financial records. The construction intended in this agreement had been delayed
when a lead design scientist left the project and a replacement had to be found; no funding was received by the university until May 2011. Nonetheless, based on the
university's interpretation of its revenue recognition policy, the revenue associated with this agreement should have been accrued when the agreement was signed.
The 2011 financial statements includes a restatement whereby $6,485,362 (the UBC agreement total) is included in the 2008/2009 year. The 2008/2009 totals have been adjusted accordingly.