Table Of Content

t Public Accounts 1995-96 Volume 2 Financial Statements of the General Revenue Fund, Revolving Funds and Regulated Funds V J - run Ex AAAA LIBRIS UNIVERSITATIS ALBERT7ENSIS Public Accounts 1995-96 Volume 2 Financial Statements of the General Revenue Fund, Revolving Funds and Regulated Funds UNIVERSITYLIBRARY UNIVERSITYOFALRr PUBLIC ACCOUNTS 1995-96 PREFACE The Public Accounts ofAlbertaareprepared in accordancewith the provisions of section 77 of the Financial Administration Act. The Public Accounts are presented infourvolumes. Volume 1 containstheauditedconsolidatedfinancial statementsoftheProvince ofAlberta.Theconsolidatedfinancialstatementsincludetheaccountsofgovern- mententities includingtheGeneral RevenueFund,revolvingfunds,theAlberta HeritageSavingsTrustFund,andotherregulatedfunds,Provincialagenciesand Crown-controlledcorporations. This volumecontains the audited financialstatementsoftheGeneral Reve- nue Fund, details of General Revenue Fund expenditure and revenue by department, audited financial statements ofrevolving funds and regulated funds,andreportsthatarerequiredtobeincludedwiththePublicAccounts in accordancewith the FinancialAdministration Act and otherstatutes, or by directionofthe ProvincialTreasurer. Volume 3 contains the audited financial statements of Provincial agencies, commercial enterprises and Crown-controlled corporations. Audited financial statements ofsubsidiaries ofProvincial agenciesarealso includedinVolume3. Volume 4 contains the audited financial statements ofuniversities, university foundations,theBanffCentreforContinuingEducation,publiccolleges,techni- cal institutes, the Alberta Cancer Board, the Alberta Heritage Foundation for MedicalResearch,theProvincialMentalHealthBoard,RegionalHealthAuthori- ties andtheWorkers’CompensationBoard. Digitized by the Internet Archive in 2017 with funding from University of Alberta Libraries https://archive.org/details/albertapublicacc02albe_2 TABLE OF CONTENTS Section Page 1. FinancialStatementsoftheGeneralRevenue Fund 1 2. GeneralRevenueFundExpenditureand RevenuebyDepartment 25 3. FinancialStatementsofRevolvingFunds . . 117 4. FinancialStatementsofRegulatedFunds . . 169 5. SupplementaryInformationRequiredby LegislationorbyDirectionofthe ProvincialTreasurer 205 AlphabeticalIndexofFunds 327 Thereisadetailedtableofcontentsatthebeginningofeach numberedsection. SECTION 1 1995-96 PUBLIC ACCOUNTS GENERAL REVENUE FUND FINANCIAL STATEMENTS - Contents: Page Introduction 2 Auditor’sReport 3 StatementofOperations 4 StatementofFinancialPosition 5 StatementofChangesinNetDebt 5 StatementofChangesinFinancialPosition 6 NotestotheFinancialStatements 7 SchedulestotheFinancialStatements 13 Schedule Ref. 1 Revenues 13 2 ExpensesbyFunctionandProgram 14 3 ValuationAdjustments 15 4 NetChangeinCapitalAssetsAffectingOperations 16 5 AccountsandAccruedInterestReceivable 16 6 LoansandAdvancestoGovernmentEntities 16 7 OtherLoans,AdvancesandInvestments 17 8 InventoriesHeldforResale 17 9 AccountsandAccruedInterestPayable 17 10 UnmaturedDebt 18 11 PensionObligations 19 12 OtherAccruedLiabilities 21 13 GuaranteedDebtofGovernmentEntities 21 14 OtherGuaranteesandIndemnities 22 1 PUBLICACCOUNTS 1995-96 GENERAL REVENUE FUND FINANCIAL STATEMENTS - FOR THE YEAR ENDED MARCH 31, 1996 Introduction: Section 19(1) ofthe Financial Administration Actprovides that “There shall be one General Revenue Fund to be appropriated to the public service ofAlberta into which all publicmoneyshallbepaidexcept (a) moneyoverwhichtheLegislaturehasnopowerofappropriation,and (b) moneythatisotherwisespeciallydisposedofbythisoranyotherAct”. PublicmoneyoverwhichtheLegislaturehasnopowerofappropriationismoneypaid intrusttotheProvincetobeusedforthepurposesprescribedbythepayerorsettlor.Money otherwisespeciallydisposedofbylegislationrepresentsfeesorotherrevenuesdirectedby legislationtobepaidintoaregulatedfundtobeusedforspecialpurposes.Allotherpublic moneyispaidintotheGeneralRevenueFund. ExpensesandexpendituresaremadefromtheGeneralRevenueFundontheauthority ofsupplyvotes approvedbythe Legislature. Certainexpenses andexpenditures from the General RevenueFundaremadeontheauthorityoflegislationdirectingthattheexpenses andexpendituresmaybemadewithoutannualappropriation. Debtservicingcostsandthe funds required to finance revolving fund capital asset acquisitions are examples ofthese typesofexpensesandexpendituresrespectively. Valuationadjustmentsaremadetoreflectchangesinthevalueofassetsandliabilities, andtoprovideduringtheyearforliabilitiesforwhichlegislativeauthorityforpaymentwill besoughtinthefuture. Afteradjustmentfromtheexpensetotheexpenditurebasis,anexcessofrevenuesover expendituresfortheyearistermedasurplus, andanexcessofexpendituresoverrevenues is termed a deficit. The aggregate ofall annual deficits less surpluses since 1905, when Alberta became a province, is represented by the excess ofliabilities over assets and is termedthenetdebt.