The annual report on the total revenue and expenses of the provincially assisted universities of Ontario for the fiscal year ending April 30, 1978 is presented. Tabular summaries for all universities and for 20 individual universities are provided, showing: total operating expenses by objects of expense and by functional area; total expense by type of fund and by object of expenses; and total revenue by source of revenue and by type of fund. Also included is a table showing enrollment and basis income units (BIUs) in 1976-77 for all universities and five schedules based on totals reported by the institutions: operating expense analysis; total expense analysis; operating and total revenue analyses; percentage analysis of expenses 1972-73 to 1976-77; and percentage analysis of revenues 1972-73 to 1976-77. Statistics from the following institutions are included: Brock, Carleton, Guelph, Lakehead, Laurentian, Nipissing, Hearst, McMaster, Oise, Ottawa, Queen's, Ryerson, Toronto, Trent, Waterloo, Western, Wilfrid Laurier, Windsor, and York. (SPG)