School Jurisdictions Audited Financial Statements for the Year Ended August 31, 2005

2007·40.7 MB·English

by  Alberta. Alberta Learning

AL.i.mm
School
Jurisdictions
Section 3
New Horizons Charter School Society
to Wolf Creek School Division No. 7z
y^lberra
EDUCATION
A printed copyofthe audited financial statements ofschooljurisdictions (in three
volumes) is available forreference atthe followingAlberta depositorylibraries:
• AlbertaLegislature Library
• CalgaryPublic Library
• Edmonton Public Library
• UniversityofAlbertaLibrary
• UniversityofCalgaryLibrary
• UniversityofLethbridge Library
These audited financial statements are available on the Internet at
www.education.gov.ab.ca/funding/afs/
ISSN 1710-1395
Copyright © 2007, the Crown inRightofthe Province
ofAlberta, as representedbythe MinisterofEducation
Permission is herebygivenbythe copyright
ownerforanypersonto reproduce this document
foreducational purposes andon anon-profitbasis.
School Jurisdictions
Audited Financial Statements
Table of Contents
A
Section 1 - School Jurisdictions ~ E
[
Almadina School Society
;
to Evergreen Catholic Separate
Regional Division No. 2
:
Section 1 ofthis reportis published underseparatecover. Itprovidestheaudited
financial statementsfortheyearendedAugust31, 2005submitted byschool
jurisdictionswhose legal name beginswiththe lettersAthrough E inclusive.
AlmadinaSchool Society 1
AspenVievvr RegionalDivision No. 19 19
Aurora SchoolLtd. 41
Battle RiverRegionalDivision No.31 61
BlackGold RegionalDivisionNo. 18 81
Boyle StreetEducation Centre 101
BuffaloTrailPublic Schools RegionalDivisionNo.28 121
CalgaryArtsAcademySociety 143
CalgaryGirls’SchoolSociety 161
CalgaryRoman Catholic Separate SchoolDistrictNo. 1 179
CalgarySchoolDistrictNo. 19 203
Calgary Science School Society 231
Canadian Rockies RegionalDivisionNo. 12 249
CAPE-CentreforAcademicandPersonalExcellenceInstitute 269
Chinook’s Edge SchoolDivisionNo.73 291
Christthe RedeemerCatholic Separate RegionalDivision No.3 315
Clearview SchoolDivisionNo.71 337
EastCentralAlbertaCatholic Separate Schools RegionalDivision No. 16 357
EastCentralFrancophone Education Region No.3 377
Edmonton Catholic Separate SchoolDistrictNo. 7 397
Edmonton SchoolDistrictNo.7 419
ElkIslandCatholic Separate RegionalDivisionNo.41 441
ElkIslandPublic Schools RegionalDivision No. 14 461
Evergreen Catholic Separate RegionalDivision No.2 487
M
Section 2 - School Jurisdictions F -
FFCA Charter School Society
to Mother Earth's Children's
Charter School Society
Section2ofthis reportis published underseparatecover. Itprovidestheaudited
financialstatementsfortheyearendedAugust31, 2005submitted byschool
jurisdictionswhose legal name beginswiththeletters Fthrough M inclusive.
FFCACharterSchool Society 507
Foothills SchoolDivisionNo.38 527
FortMcMurrayRomanCatholic Separate SchoolDistrictNo.32 549
FortMcMurraySchoolDistrictNo.2833 569
FortVermihon SchoolDivisionNo.52 595
Golden Hills SchoolDivisionNo. 75 619
GrandePrairie Roman Cathohc Separate SchoolDistrictNo.28 641
GrandePrairie Public SchoolDistrictNo.2357 663
GrandeYeUowhead RegionalDivisionNo.35 685
Grasslands RegionalDivisionNo.6 707
GreaterNorth CentralFrancophone Education RegionNo.2 727
GreaterSouthern PublicFrancophoneEducation RegionNo.4 747
GreaterSouthern Separate CatholicFrancophone Education Region No.4 767
GreaterSt.AlbertCatholic RegionalDivisionNo.29 787
High Prairie SchoolDivision No.48 809
HolyFamilyCatholic RegionalDivisionNo.37 831
HolySpiritRoman Catholic Separate RegionalDivision No.4 851
Horizon SchoolDivision No.67 871
Lakeland Roman Catholic Separate SchoolDistrictNo. 150 891
Lethbridge SchoolDistrictNo.51 911
LivingWaters Catholic RegionalDivisionNo.42 931
Livingstone Range SchoolDivisionNo.68 951
Medicine HatCatholic Separate RegionalDivisionNo.20 971
MedicineHat SchoolDistrictNo.76 991
MoberlyHaUSchool Society 1015
MotherEarth’s Children’s CharterSchoolSociety 1033
Section 3 - School Jurisdictions N - Z
New Horizons Charter School Society
to Wolf Creek School Division No. 72
For the Year ended August 31 2005
,
NewHorizonsCharterSchoolSociety 1051
Northern GatewayRegionalDivisionNo. 10 1071
NorthernLights SchoolDivisionNo.69 1095
Northland SchoolDivisionNo.61 1117
NorthwestFrancophone Education RegionNo. 1 1137
PalliserRegionalDivisionNo.26 1159
Parkland SchoolDivisionNo.70 1179
Peace RiverSchoolDivision No. 10 1201
PeaceWapiti SchoolDivisionNo.76 1221
PembinaHiUs RegionalDivisionNo.7 1243
PrairieLand RegionalDivision No.25 1265
Prairie Rose RegionalDivisionNo. 8 1285
RedDeerCathohc RegionalDivision No.39 1305
RedDeerPublic SchoolDistrictNo. 104 1327
RockyViewSchoolDivisionNo.41 1349
St.AlbertProtestantSeparate SchoolDistrictNo.6 1367
St.PaulEducation RegionalDivisionNo. 1 1387
St.ThomasAquinasRoman Cathohc Separate RegionalDivision No.38 1409
Sturgeon SchoolDivision No.24 1431
SuzukiCharterSchoolSociety 1451
WestmountCharter SchoolSociety 1469
Westwind SchoolDivisionNo.74 1489
Wetaskiwin RegionalDivision No. 11 1507
Wild Rose SchoolDivisionNo.66 1529
WolfCreekSchoolDivision No.72 1549
Digitized by the Internet Archive
in 2017 with funding from
University of Alberta Libraries
https://archive.org/details/schooljurisdicti03albe_0
SchoolJurisdictionCode: 6015
AUDITED
FINANCIAL STATEMENTS
andSupporting Schedules
FORTHEYEAR ENDEDAUGUST31,2005
[SchoolAct,Sections147(2)(a),148,151(1)and276]
NEW HORIZONS CHARTERSCHOOLSOCIETY
LegalNameofSchoolJurisdiction
3SPRUCEAVENUE,SHERWOODPARK,ALBERTAT8A2B6
MailingAddress
[phone]AND [phone]
TelephoneandFaxNumbers
SCHOOLJURISDICTIONMANAGEMENTSRESPONSIBILITYFORFINANCIALREPORTING
Thefinancialstatementsandsupportingschedules newhorizonscharterschoolsociety
(NameofSchoolJurisdiction)
presentedtoAlbertaLearninghavebeenpreparedbyschooljurisdictionmanagementwhichhasresponsibility
fortheirpreparation,integrityandobjectivity. Thefinancialstatementsandschedules,includingnotes,havebeen
preparedinaccordancewithgenerallyacceptedaccountingprinciplesandMinisterialrequirementsforAlberta
schooljurisdictions.
Infulfillingitsreportingresponsibilities,managementhasmaintainedinternalcontrolsystemsandprocedures
designedtoprovidereasonableassurancethattheschooljurisdiction’sassetsaresafeguarded,that
transactionsareexecutedinaccordancewithappropriateauthorizationandthataccountingrecordsmayberelied
upontoproperlyreflecttheschooljurisdiction'stransactions. Theeffectivenessofthecontrolsystemsis
supportedbytheselectionandtrainingofqualifiedpersonnel,anorganizationalstructurethatprovidesan
appropriatedivisionofresponsibilityandastrongbudgetarysystemofcontrol.
BoardofTrusteesResponsibility
TheultimateresponsibilityforthefinancialstatementslieswiththeBoardofTrustees. TheBoardreviewed
thefinancialstatementswithmanagementindetailandtheBoardapprovedthefinancialstatementsforrelease.
ExternalAuditors
TheBoardappointsexternalauditorstoauditthefinancialstatementsandmeetswiththeauditorstoreviewtheir
findings. Theexternalauditorshavefullandfreeaccesstoschooljurisdictionrecords.
DeclarationofManagementandBoardChairman
Tothebestofourknowledgeandbelief,thesefinancialstatementsandsupportingschedulesreflect,inallmaterial
respects,thefinancialpositionandresultsofoperationsandcashflowsfortheyear
inaccordancewithgenerallyacceptedaccountingprinciplesandMinisterialrequirementsforAlberta
schooljurisdictions.
BOARDCHAIRMAN
KEVINDODDS KevinDodds
Name Signature
SUPERINTENDENT
JIMRIGBY JimRigby
Name Signature
SECRETARYTREASURERORTREASURER
G.(FRED)deKLEINE G.deKleine
Name Signature
16-NOV-05
Board-approvedReleaseDate
c.c. ALBERTAEDUCATION,SchoolReportingBranch,
8thFloorCommercePlace,10155-102StreeLEdmontonAB T5J4L5
EMAIL:[email protected]
PHONE:[phone]FAX:[phone]
1051
J. P. VIeeming Professional Corporation
Ch^rtendAccountant
AUDITOR'S REPORT
To the Board of Directors of
NEW HORIZONS CHARTER SCHOOL SOCIETY,
have audited the statement offinancial position ofthe New Horizons CharterSchool Society as
I
at August31, 2005, andthe statementofrevenue and expenses, cashflows, changes in net
assets, and capital allocations forthe yearthen ended. These financial statements
are the responsibility ofthe schooljurisdiction’s management. My responsibility Is to express an
opinion onthese financial statements based on my audit.
I conducted my auditin accordance with Canadian generally accepted auditing standards Those
standards require that plan and perform an audittoobtain reasonable assurance whetherthe
I
financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also
Includes assessing the accounting principles used and significant estimates made by management,
as well as evaluating theoverallfinancial statement presentation.
In myopinion, these financial statements present fairly, in ail material aspects, the financial position
ofthe Societyas at August 31, 2005 and the results ofits operations, changes in cash flows
and net assets for the year then ended. In accordancewith Canadian generally accepted accounting
principles.
My auditwas conducted forthe purpose offorming an opinion on the basicfinancial statements
taken as a whole. The supplementaryinformation included in SchedulesA through G is presented
for purposes of additional analysis and is nota required partofthe basicfinancial statements.
Such supplementary information has been subjected tothe auditing procedures applied in the audit
ofthe basicfinancial statements and in my opinion, isfairly stated, in all material respects, in
relationtothe basicfinancial statements taken as a whole.
Sherwood Park, Alberta
October27, 2005 CharteredAccountant
325EstateDrive.ShenvoodPark,Alberta TBB1L8 Telephone [phone] Fax [phone]
1052
SchoolJurisdictionCode: 6015
STATEMENTOFFINANCIALPOSITION
asatAugust31,2005
(indollars)
2005 2004
ASSETS
Currentassets
Cashandtemporaryinvestments $266,565 $316,630
Accountsreceivable(netafterallowances) $69,888 $53,835
Prepaidexpenses $17,235 $14,327
Othercurrentassets $0 $0
Totalcurrentassets $353,688 $384,792
Schoolgeneratedassets $6,596 $5,755
Trustassets $0 $0
Longtenriaccountsreceivable $0 $0
Longterminvestments $0 $0
Capitalassets
Land $0 $0
Buildings $0
Less;accumulatedamortization $0 $0 $0
Equipment $0
Less:accumulatedamortization $0 $0 $0
Vehicles $0
Less:accumulatedamortization $0 $0 $0
Totalcapitalassets $0 $0
TOTALASSETS $360,284 $390,547
LIABILITIES
Currentliabilities
Bankindebtedness $0 $0
Accountspayableandaccruedliabilities $35,502 $98,447
Deferredrevenue $61,741 $102,950
Deferredcapitalallocations $0 $0
Currentportionofalllongtermdebt $0 $0
Totalcurrentliabilities $97,243 $201,397
Schoolgeneratedliabilities $6,596 $5,755
Trustliabilities $0 $0
Employeefuturebenefitsliability $0 $0
Longtermpayablesandaccruedliabilities $0 $0
Longtermdebt
Supported: Debenturesandothersupporteddebt $0 $0
Less:Currentportionofsupporteddebt $0 $0
Unsupported: DebenturesandCapitalLoans $0 $0
CapitalLeases $0 $0
Mortgages $0 $0
Less:Cumentportionofunsupporteddebt $0 $0
Unamortizedcapitalallocations $0 $0
Totallongtermliabilities $6,596 $5,755
TOTALLIABILITIES $103,839 $207,152
NETASSETS
Unrestrictednetassets $0 $0
OperatingReserves $173,977 $105,264
AccumulatedOperatingSurplus(Deficit) $173,977 $105,264
Investmentincapitalassets $0 $0
CapitalReserves $82,468 $78,131
TotalCapitalFunds $82,468 $78,131
Totalnetassets $256,445 $183,395
TOTALLIABILITIESANDNETASSETS $360,284 $390,547
Note: Input"(Restated)"in2004columnheadingwherecomparativesarenottakenfromthefinalized2003-2004AuditedFinancialStatements.
1053
SchoolJurisdictionCode: 6015
STATEMENTOFREVENUESANDEXPENSES
fortheYearEndedAugust31,2005
(indollars)
Budget Actual
Actual 2005 2004
2005
REVENUES
GovernmentofAlberta $1,212,539 $1,188,674 $1,085,418
FederalGovernmentand/orFirstNations $0 $0 $0
OtherAlbertaschoolauthorities $0 $0 $0
Outofprovinceauthorities $0 $0 $0
AlbertaMunicipalities(excludingsupplementaryrequisitions) $0 $0 $0
instructionresourcefees $17,460 $17,778 $16,722
Transportationfees $0 $0 $0
Othersaiesandservices $11,255 $0 $0
Investmentincome $8,888 $7,150 $5,717
Giftsanddonations $0 $0 $0
Rentalsoffacilities $6,865 $6,152 $5,292
Netschoolgeneratedfunds $6,383 $18,333 $0
Gainsondisposalofcapitalassets $0 $0 $0
Amortizationofcapitalallocations $0 $0 $0
TotalRevenues $1,263,390 $1,238,087 $1,113,149
EXPENSES
Certificatedsalaries $540,004 $553,314 $534,806
Certificatedbenefits $51,299 $60,635 $51,672
Uncertificatedsalariesandwages $74,764 $63,463 $63,821
Uncertificatedbenefits $7,247 $7,400 $6,727
Services,contractsandsupplies $509,710 $485,350 $491,895
Netschoolgeneratedfunds $6,383 $18,333 $0
Capitalanddebtservices
Amortizationofcapitalassets
Supported $0 $0 $0
Unsupported $0 $0 $0
TotalAmortizationofcapitalassets $0 $0 $0
Interestoncapitaldebt
Supported $0 $0 $0
Unsupported $0 $0 $0
TotalInterestoncapitaldebt $0 $0 $0
Otherinterestcharges $933 $0 $886
Lossesondisposalofcapitalassets $0 $0 $0
TotalExpenses $1,190,340 $1,188,495 $1,149,807
SURPLUS(DEFICIT)OFREVENUESOVEREXPENSESBEFORE
EXTRAORDINARYITEM $73,050 $49,592 ($36,658)
ExtraordinaryItem $0 $0 $0
SURPLUS(DEFICIT)OFREVENUESOVEREXPENSES $73,050 $49,592 ($36,658)
Note: Input"(Restated)"inBudget2005and/orActuals2004columnheadingswherecomparativesarenottakenfromtherespective
finalized2004-2005BudgetReportand/orfinalized2003-2004AuditedFinancialStatements.
1054