Table Of Content

Public Accounts 1995-96 Volume 4 Financial Statements of Universities, Public Colleges, Technical Institutes and Health Agencies J V A— f / S T7 tX LIBRIS % UNIVERSITATIS ALBER17ENSIS Public Accounts 1995-96 Volume 4 Financial Statements of Universities Public Colleges, Technical Institutes and Health Agencies // Digitized by the Internet Archive in 2017 with funding from University of Alberta Libraries https://archive.org/details/albertapublicacc04albe_1 1995-96 PUBLIC ACCOUNTS FINANCIAL STATEMENTS OF UNIVERSITIES, PUBLIC COLLEGES, TECHNICAL INSTITUTES AND HEALTH AGENCIES Contents: Page Introduction 3 AdvancedEducationandCareerDevelopment: AlbertaCollegeofArtandDesign 4 AlbertaMicroelectronicCentre 12 AthabascaUniversity 17 AthabascaUniversityFoundation 25 TheBanffCentreforContinuingEducation 27 FairviewCollege 38 GrandePrairieRegionalCollege 49 GrantMacEwanCommunityCollege 60 KeyanoCollege 71 LakelandCollege 81 TheLaserInstitute 91 LethbridgeCommunityCollege 96 MedicineHatCollege 108 MountRoyalCollege 118 Non-ProfitPrivateCollegesFoundation 129 NorthernAlbertaInstituteofTechnology 132 OldsCollege 142 PublicCollegesFoundationofAlberta 152 RedDeerCollege 154 SouthernAlbertaInstituteofTechnology 164 TheUniversityofAlberta 177 UniversityofAlberta 1991 Foundation 186 1 2 PUBLICACCOUNTS 1995-96 Contents: Page TheUniversityofCalgary 188 UniversityofCalgaryFoundation 196 TheUniversityofLethbridge 200 UniversityofLethbridgeFoundation 211 UniversityTechnologiesInternationalInc 213 EconomicDevelopmentandTourism: AlbertaHeritageFoundationforMedicalResearch 221 Health: AlbertaCancerBoard 229 AspenRegionalHealthAuthority#11 240 CalgaryRegionalHealthAuthority 252 . . CapitalHealthAuthority 268 ChinookRegionalHealthAuthority 284 CrossroadsRegionalHealthAuthority 298 DavidThompsonRegionalHealthAuthority 309 EastCentralRegionalHealthAuthority7 323 HeadwatersHealthAuthority 334 KeeweetinokLakesRegionalHealthAuthority#15 346 LakelandRegionalHealthAuthority 357 MistahiaRegionalHealthAuthority 369 NorthernLightsRegionalHealthAuthority 380 NorthwesternRegionalHealthAuthority 390 PalliserHealthAuthority 400 PeaceRegionalHealthAuthority 410 ProvincialMentalHealthBoard 420 RegionalHealthAuthority5 433 WestViewRegionalHealthAuthority 443 Labour: TheWorkers’CompensationBoard 456 3 BOARD-GOVERNED INSTITUTIONS UNIVERSITIES, PUBLIC COLLEGES, TECHNICAL INSTITUTES AND HEALTH AGENCIES FINANCIALSTATEMENTS - Introduction: Section2(5)oftheFinancialAdministrationActprovidesfortheinclusioninthePublic AccountsoffinancialstatementsofthefollowingProvincialcorporations: (a) theboardofauniversityundertheUniversitiesAct, (b) theinterimgoverningbodyofauniversityundertheUniversitiesAct, (c) theboardofapubliccollegeundertheCollegesAct, (d) theboardofatechnicalinstituteundertheTechnicalInstitutesAct, (e) the interim governing authority of a technical institute under the Technical InstitutesAct, (f) theAlbertaHeritageFoundationforMedicalResearch, (g) aprovincialhealthboardundertheRegionalHealthAuthoritiesAct, (h) amentalhealthhospitalboardundertheMentalHealthAct,and (k) theAlbertaCancerBoard. The financial statements of subsidiaries of these Provincial corporations are also required to be included in the Public Accounts. In addition, the financial statements of universityfoundationsandTheWorkers’CompensationBoardarerequiredtobeincluded inthePublicAccounts. AtMarch31, 1996,therewerenoboardsunder(b),(e)or(h)above. WhilenotrequiredbystatutetobeincludedinthePublicAccounts,auditedfinancial statementsoftheBanffCentreforContinuingEducationandRegional HealthAuthorities areincludedinthisVolume. 4 PUBLICACCOUNTS 1995-96 ALBERTACOLLEGE OF ART AND DESIGN FINANCIAL STATEMENTS JUNE 30, 1995 Auditor’sReport StatementofFinancialPosition StatementofOperationsandChangesinOperatingNetAssets StatementofChangesinFinancialPosition NotestotheFinancialStatements AUDITOR’S REPORT TotheBoardofGovernorsofthe AlbertaCollegeofArtandDesign IhaveauditedthestatementoffinancialpositionoftheAlbertaCollegeofArtandDesign asatJune30, 1995andthestatementsofoperationsandchangesinoperatingnetassetsand changes in financial position forthe year then ended. These financial statements are the responsibilityoftheCollege’smanagement. Myresponsibilityistoexpressanopinionon thesefinancial statementsbasedonmyaudit. I conducted my audit in accordance with generally accepted auditing standards. Those standards requirethat Iplan andperformanauditto obtainreasonable assurancewhether thefinancial statementsarefreeofmaterialmisstatement.Anauditincludesexamining,on atestbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements.An auditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmade bymanagement,aswellasevaluatingtheoverall financial statementpresentation. Inmyopinion,thesefinancialstatementspresentfairlythefinancialpositionoftheCollege asatJune30, 1995andtheresultsofitsoperationsandthechangesinitsfinancialposition fortheyearthenendedinaccordancewithgenerallyacceptedaccountingprinciples. PeterValentine,FCA AuditorGeneral Edmonton,Alberta October6, 1995 5 BOARD-GOVERNEDINSTITUTIONS ALBERTA COLLEGE OF ART AND DESIGN STATEMENT OF FINANCIAL POSITION JUNE 30, 1995 1995 1994 (Asrestated) (Note3) ASSETS Current: Cashandshort-terminvestments $ 921,484 $ 822,623 Accountsreceivableandprepaidexpenses 179,902 147,776 Inventories 370,462 360,182 1,471,848 1,330,581 Non-current: Investments(Note4) 1,116,163 1,078,429 Capitalassets(Note5) 1,425,121 1,487,977 $4,013,132 $3,896,987 LIABILITIESANDNETASSETS Current: Accountspayable $ 121,518 $ 157,229 Deferredfees 38,524 43,927 Deferredcontributions(Note6) 515,387 501,944 Bookstorepayable 70,355 AccruedVacationpay 440.31" 449,488 1,115,746 1,222,943 Non-current: Pensionliability(Note7) 545,000 538,000 Unamortizeddeferredcapitalcontributions(Note8) 1,149,236 1,302,234 2,809,982 3,063,177 Netassets: Operatingnetassets(deficit)(Note9) 86,987 (244,619) Endowments 1,116,163 1,078,429 1,203,150 833,810 $4,013,132 $3,896,987 Theaccompanyingnotesarepart ofthesefinancialstatements. ) 6 PUBLICACCOUNTS 1995-96 ALBERTA COLLEGE OF ART AND DESIGN STATEMENT OF OPERATIONS AND CHANGES IN OPERATING NET ASSETS FOR THE YEAR ENDED JUNE 30, 1995 1995 1994 Budget Actual Actual (Note16) (Asrestated) (Note3) Revenue: Operatinggrants(Note10) $6,049,488 $6,097,514 $6,587,096 Tuitionfees 912,180 933,477 815,766 Continuingeducationfees 320,000 270,920 301,157 Bookstoresales 550,000 558,089 540,780 Sales,rentalsandservices 19,000 40,882 58,165 Donations 150,000 28,001 47,864 Investmentincome 16,0—00 108,026 92,762 Earnedcapitalcontributions(Note8) — 159,748 164,938 Contributedfacilities 384,000 384,000 $8,016,668 8,580,657 8,992,528 Expense(Note 12): Instruction 4,106,295 3,979,454 4,241,497 Academicsupport 969,027 946,866 1,101,790 Studentservices 373,385 423,075 436,106 Institutionalsupport 1,799,772 1,763,944 1,981,262 Othercosts(Note 11 497,8—09 596,559 554,770 Amortization — 162,735 162,548 Loss(gain)ondisposalofcapitalassets — (3,632) 897 Costoffacilities 384,000 384,000 $7,746,288 8,253,001 8,862,870 Excessofrevenueoverexpense 327,656 129,658 Operatingnetassets,beginningofyearasrestated (244,619) (374,2—77) Non-amortizablecapitalcontributions 3,950 Operatingnetassets,endofyear $ 86,987 $ (244,619) ALBERTACOLLEGE OF ART AND DESIGN STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED JUNE 30, 1995 1995 1994 Operatingactivities: Cashflowfromoperations: Excessofrevenueoverexpense $327,656 $ 129,658 Contributedfacilities (384,000) (384,000) Costoffacilities 384,000 384,000 Earnedcapitalcontributions (159,748) (164,938) Amortizationofcapitalassets 162,735 162,548 Loss(gain)ondisposalofcapitalassets (3,632) 897 Changeinpensionliability 7,000 9,000 Changesinnon-cashworkingcapital(Note 14) (86,554) (85,077) 247,457 52,088 Investingactivities: Purchaseofcapitalassets (102,090) (124,663) Proceedsfromdispositionofcapitalassets 5,843 5,975 Increase-investments,net (37,734) (21,107) (133,981) (139,795) Financingactivities: Capitalcontributionsreceived 18,006 126,406 Paymentofbookstorepayable (70,355) (70,354) Endowmentsreceived 37,734 21,107 (14,615) 77,159 Netincreaseincash 98,861 (10,548) Cashandshort-terminvestments,beginningofyear 822,623 833,171 Cashandshort-terminvestments,endofyear $921,484 $822,623