Data on the total revenue and expenses and changes in fund balances of 21 universities and colleges of Ontario are provided for the fiscal year ending in 1986. Volume I reports on the universities and related institutions that receive grants directly from the Ontario government. The categories and definitions that are used to present financial data are explained. In addition to financial data for each institution, summary information for all schools on a consolidated basis are included. Statistical tables cover the following: revenue by source and type of fund, operating expenses by object and functional area, and general funds changes in appropriated fund balances. For institutional fund balances, details are presented on the amounts of expendable funds available within both the general and restricted fund categories. General expendable funds cover the costs of instruction, research and other sponsored or contract research, academic support services, other operating expenses, noncredit educational activities, noncredit educational activities, and ancillary enterprises. Restricted funds cover sponsored research, trust and endowment, and capital. (SW)