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Advanced Education and Technology /dlbcrta Advanced Education and Technology 0 2006-07 Annual Report For more information, contact: Corporate Planning and Performance Measurement Advanced Education and Technology 9th Floor, Commerce Place 10155 102 Street Edmonton, Alberta T5J4L5 phone (780)422-1281 fax (780) 427-0266 To be connected toll-free, call 310-000 This document is a vailable on the Internet at www.advancededandtech.gov.ab.ca Deaf or hearing impaired with TDD/TDY units, call 427-9999 in Edmonton Other locations, call 1 - 800-232-7215 Copyright © 2 007, the Crown in Right of the Province of Alberta, as represented by the Minister of Advanced Education and Technology Permission is hereby given by the copyright owner for any person to reproduce this document for educational purposes and on a non-profit basis. ISSN 1913-7885 Advanced Education and Technology 0 2006-07 Annual Report Advanced Education and Technology Advanced Education and Technology 2006-07 Annual Report Preface 1 Minister's Accountability Statement 7 Message from the Minister 2 Management's Responsibility for Reporting 3 Overview 4 Results Analysis 16 Financial Statements Ministry of Advanced Education and Technology 42 Department of Advanced Education and Technology 63 Access to the Future Fund 83 Post-Secondary Institutions 89 Alberta Research Council Inc. 10 4 iCORE Inc. (Alberta Informatics Circle of Research Excellence) 7 7 8 Alberta Heritage Foundation for Medical Research 72 5 Alberta Ingenuity (Alberta Heritage Foundation for Science and Engineering Research) 7 3 8 Other Information 7 4 9 Alphabetical List of Government Entities' Financial Statements in 2006-07 Annual Reports 7 5 8 Advanced Education and Technology 0 2006-07 Annual Report Advanced Education and Technology Liberia Advanced Education and Technology Advanced Education and Technology 0 2006-07 Annual Report Advanced Education and Technology Public Accounts 2006-07 - P reface The Public Accounts of Alberta are prepared in accordance with the Financial Administration Act and the Government Accountability Act. The Public Accounts consist of the annual report of the Government of Alberta and the annual reports of each of the 20 Ministries. The annual report of the Government of Alberta released June 21, 2007 contains the Minister of Finances accountability statement and the consolidated financial statements of the Province. The Measuring Up report released June 28, 2007 provides a comparison of the actual performance results to the desired results set out in the government’s business plan. This annual report of the Ministry of Advanced Education and Technology contains the Minister’s accountability statement, the audited consolidated financial statements of the Ministry and a c omparison of actual performance results to desired results set out in the M►i n wtoifhhs eit Acr dfyhiv na abtnnuhccseie ia dnMl ei s n ssEi tds atuptecleraam tne i.ino st ns Tr he i sasopnf o d n M esin iTtnbieiltcsiehte,nrs oy l mo aagknyin,un ag lr e gurupel pa tothreetd M aiflnusion sd tsir n yca lnu didn esc p:lr uodviinngc i atlh e a Dgeenpcairets m efonrt Education A dvanced ► osGttohaveterer m nefnmitensan,nt c i taoAl c t cihoenu fn eotxratbmeianlttii to ytnh a tAa cs t t h r,e e e q iMutiihnreire sd t ar sb y y s eh tpahaser a Ftaienn ya trnhecipinoagrlt s t Ao d om rri e npaiso sr tta . rp aatrito n o f Atchte fainnda ncial Techannodl ogy Minister's Accountability Statement The Ministry’s annual report for the year ended March 31, 2007 was prepared under my direction in accordance with the Government Accountability Act and the government’s accounting policies. All of the government’s policy decisions as at September 17, 2007 with material economic or fiscal implications of which I a m aware have been considered in the preparation of this report. Doug Horner Minister of Advanced Education and Technology 1 Advanced Education and Technology 0 2006-07 Annual Report Technology Advanced Education and Technology Advanced Educaatnido n EmIeM ix dae cnumiisc tsasit tpnrailgioe eg ansges oe aodal f ns f d tAr oAd oTdv pmevarca nehnsc necteonehdltd e o gtE y hdME.eudi cu n2acT0itah0iset6o it-n oe0r,ne7r p o aarAnntdnd n hu ITiangelnhc olh vinRagoethpltioosor gnt y a c a fcnhooadrs m ptS hblceeii ees Mnnh icm newe,ion sr ttakrsniy d n go oaf fl stt Aoho dew rva efarfodnlre ccm etsesdir n cuep o int s the creation in December 2006. The Ministry, together with its stakeholders, partners and agencies, made many positive steps toward creating accessible, affordable, quality learning opportunities for Albertans, and also supported commercialization and innovation across the province by: ► Introducing a n ew tuition fee policy that limits annual tuition increases to the annual change in the Alberta Consumer Price Index; ► Issuing the first matching grant payments of $42.5 million under the Access to the Future Fund to support enhancements for the post-secondary system; ► Registering nearly 24,000 new apprentices, bringing the total number of apprentices being trained in Alberta to more than 60,000; ► Introducing a new $100 grant under the Alberta Centennial Education Savings Plan for Alberta students aged 8, 11 and 14. ► Contributing funds toward a $ 60 million Government of Alberta investment for the state-of-the-art National Institute for Nanotechnology (NINT) in Edmonton; ► Investing $8 million through the Energy Innovation Fund toward an $1 1 m illion contribution to a r esearch project that aims to find the cleanest ways to generate electricity from Alberta’s vast reserves of coal; and ► Announcing a j oint investment of $16.6 million in the federal-provincial Western Economic Partnership to increase innovation in, and promote the commercialization of environmental technologies. Since its creation, Advanced Education and Technology has made great strides in building a s tronger Alberta and managing growth pressures by: increasing access, affordability and quality in post-secondary education; increasing support for community education and literacy programs; and addressing the recommendations of the Value Added and Technology Commercialization Task Force to develop a s trategy for technology commercialization and economic diversification. I w elcome the opportunity for knowledge sharing and innovation this new Ministry brings, and I a m confident our future achievements will help keep Alberta prospering in today s g lobal economy. Along with our stakeholders, the Ministry will continue to work toward building the best advanced learning system and developing the most innovative technology in the country. Doug Horner Minister of Advanced Education and Technology 2 Advanced Education and Technology 0 2006-07 Annual Report Advanced Education and Technology > CL Management's Responsibility for Reporting The Ministry of Advanced Education and Technology includes: ► the Department of Advanced Education and Technology, ► the Access to the Future Fund, ► the Public Post-Secondary Institutions, ► the Alberta Research Council Inc., and ► Informatics Circle of Research Excellence (iCORE) Inc. The executives of the individual entities within the Ministry have the primary responsibility and accountability for the respective entities. Collectively, the executives ensure the Ministry complies with all relevant legislation, regulations and policies. Ministry business plans, annual reports, performance results and the supporting management information are integral to the governments fiscal and business plans, annual report, quarterly reports and other financial and performance reporting. Responsibility for the integrity and objectivity of the consolidated financial statements and performance results for the Ministry rests with the Minister of Advanced Education and Technology. Under the direction of the Minister, I o versee the preparation of the Ministry’s annual report, including consolidated financial statements and performance results. The consolidated financial statements and the performance results, of necessity, include amounts that are based on estimates and judgments. The consolidated financial statements are prepared in accordance with the governments stated accounting policies. As Deputy Minister, in addition to program responsibilities, I e stablish and maintain the Ministry’s financial administration and reporting functions. The Ministry maintains systems of financial management and internal control which give consideration to costs, benefits and risks that are designed to: ► provide reasonable assurance that transactions are properly authorized, executed in accordance with prescribed legislation and regulations, and properly recorded so as to maintain accountability of p ublic money, ► provide information to manage and report on performance, ► safeguard the assets and properties of the Province under Ministry administration, ► provide Executive Council, Treasury Board, the Minister of Finance and the Minister of Advanced Education and Technology any information needed to fulfill their responsibilities, and ► facilitate preparation of Ministry business plans and annual reports required under the Government Accountability Act. In fulfilling my responsibilities for the Ministry, I h ave relied, as necessary, on the executives of the individual entities within the Ministry. Dr. R.J. (Bob) Fessenden Deputy Minister of Advanced Education and Technology September 17, 2007 3 Advanced Education and Technology 0 2006-07 Annual Report Overview Overview Introduction Operational Overview Summary of Key Activities Advanced Education and Technology 0 2006-07 Annual Report Overview Introduction In December 2006, the former Ministries of Advanced Education and Innovation and Science were merged to create the Ministry of Advanced Education and Technology. Alberta Advanced Education and Technology's vision and mission define the Ministry. The Ministry's vision is its view of the future and the mission describes the Ministry's purpose and reason for existence. The Ministry's goals are broad statements describing the desired outcomes that the Ministry wants to achieve in Tfuhlef i lvliisnigo n i,t s m miissssiioonn . and goals below guided the work of the Ministry in the 2006-07 fiscal year. Overview 5 Advanced Education and Technology 0 2006-07 Annual Report Overview Operational Overview In collaboration with learning providers, industry, communities, government agencies and non-governmental organizations, the Ministry of Advanced Education and Technology strives to fulfill its mission by creating accessible, affordable and quality learning opportunities that are responsive to the ongoing learning needs of Albertans. The Ministry collaborates with key innovation support agencies to foster support for commercialization and innovation activities across the province. Department of Advanced Education and Technology Minister Deputy Minister Overview Adult Learning Communications Apprenticeship & I ndustry Training Finance & A dministration Research Human Resources Technology Commercialization Policy & P lanning The Department of Advanced Education and Technology is o rganized into the Adult Learning, Apprenticeship and IndustryTraining, Research, Technology Commercialization, and Policy and Planning divisions. In addition, Communications, Finance and Administration, and Human Resources provide supporting functions to the work of the Ministry. Each division provides specific expertise to the advanced learning and innovation system. All divisions share responsibility for providing integrated service by partnering with one another, and with other Alberta ministries, post-secondary institutions, adult learning providers, stakeholder organizations and industry. 6 Advanced Education and Technology 0 2006-07 Annual Report
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