Volume one 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. Information provided in the two-volume document includes, in volume one, coverage of the 21 institutions which reported in 1978-1979 and, in volume two, reports from 22 provincially assisted institutions which are affiliated or federated with the province's 15 universities. After an introductory section on guidelines and definitions, summary information for all colleges and universities, on a consolidated basis, is provided in seven tables. A separate section details information for universities in six tables. Financial information for each of the 21 institutions in the volume includes data in areas such as total actual revenue and expense by type of fund and the actual operating expenses by object of expense and functional area. Trends and changes in resource allocation and revenue based on the total reported by the institutions are identified. (PHR)