This report provides financial information on 21 degree granting universities and related institutions which receive grants from the provincial government of Ontario, Canada. The report first explains the general guidelines and reporting requirements used in compiling the information; the principles of fund accounting involved; and the definitions of the types of funds, revenue sources, operating expenses, and the various objects of expense such as salaries, benefits, and equipment. Tables of data are then presented involving summary information for all universities and colleges (on a consolidated basis). These data tables focus on the following categories: (1) Combined Revenue and Expense and Changes in Fund Balances; (2) Revenue and Additions by Source and Type of Fund; (3) Expenses (All Expendable Funds) by Object and Type of Fund; (4) Actual Operating Expenses by Object and Functional Area; and (5) General Funds Changes in Appropriated Fund Balances. Other tables present percentage analyses of these reported revenues and expenses. Finally, financial data for each individual school are provided. These are: Brock University, Carleton University, University of Guelph, Lakehead University, Laurentian University, Algoma University College, Nipissing University College, Le College Universitaire de Hearst, McMaster University, Ontario College of Art, Ontario Institute for Studies in Education, University of Ottawa, Queen's University, Ryerson Polytechnical Institute, University of Toronto, Trent University, University of Waterloo, University of Western Ontario, Wilfrid Laurier University, University of Windsor, and York University. Summary tables and individual school financial data comprise 92 percent of the document. (GLR)