Volume two of the two-volume annual report of the total revenue and expenses of provincially assisted universities of Ontario for the fiscal year ending April 30, 1979 is presented. Focus of this volume is on reports from the 22 institutions that are affiliated or federated with the province's 15 universities. Six tables are used to present the summary information, in areas such as the total actual revenue and expense by type of fund, the percentages of operating revenue by source and by institution, and the actual operating expenses by object of expense and functional area. Each of the affiliated or federated institutions is considered separately in the second section, including data on the total actual revenue and expense by type of current fund and excess of revenue over expenses before and after appropriations, total revenue by source of revenue and type of fund, total expenses by type of fund and object of expense, and actual operating expenses by object of expense and functional area. (PHR)