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UniversityofAlbertaLibrary Accounts ’ubiic 0 1620 2068 2959 2004-05 Volume 1 Main Financial Statements GOV DOC CA2 SA FN Saskatchewan P711 2004/ 2005 HSS Ex Libris iglj Universitatis Albertensis 51 PublicAccounts,2004-05 1 Table of Contents Page Transmittal Letters 3 Introduction to the PublicAccounts 4 Sources ofAdditional Information 4 Financial Reporting Structure 5 General Revenue Fund Financial Statements Responsibilityfor General Revenue Fund Financial Statements 9 Provincial Auditor's Report 1 Statementof Financial Position 13 StatementofOperations 14 StatementofAccumulated Deficit 1 StatementofChange in Net Debt 15 StatementofCash Flow 16 Notestothe Financial Statements 17 Schedulestothe Financial Statements 27 Fiscal Stabilization Fund 4i Summary Financial Statements ResponsibilityforSummary Financial Statements 45 Provincial Auditor's Report 47 SummaryStatementof Financial Position 49 SummaryStatementofOperations 50 SummaryStatementofAccumulated Deficit 51 SummaryStatementofChange in Net Debt 51 SummaryStatementofCash Flow 52 Notes tothe Summary Financial Statements 53 Schedulestothe Summary Financial Statements 66 General Revenue Fund - Details of Debentures 86 Glossary ofTerms 95 UNIVERSITY LIBRARY UNIVERSITY OFALBERTA This page leftblankintentionally. PublicAccounts,2004-05 3 To Her Honour The Honourable Lynda Haverstock Lieutenant Governorofthe Province ofSaskatchewan May It Please Your Honour: The undersigned has the honourto submit herewith the main financial statements ofthe Governmentofthe Province of Saskatchewan forthefiscal yearended March 31 2005. , Respectfullysubmitted, HarryVan Mulligen Ministerof Finance Regina, Saskatchewan June 2005 The Honourable HarryVan Mulligen MinisterofFinance We havethe honourofpresenting herewith the main financial statements ofthe Governmentofthe Province of Saskatchewan forthefiscal yearended March 31 2005. , Respectfullysubmitted. Ron Styles Terry Paton DeputyMinisterofFinance Provincial Comptroller Regina, Saskatchewan June 2005 4 PublicAccounts,2004-05 Introduction to the Public Accounts The 2004-05 PublicAccounts ofthe GovernmentofSaskatchewan are organized intotwo reports: Volume 1 contains the General Revenue Fund Financial Statements and the Summary Financial Statements. These are the main financial statements ofthe GovernmentofSaskatchewan. Italso contains information on the Fiscal Stabilization Fund. The General Revenue Fund Financial Statements accountforthefinancial transactions ofthe General Revenue Fund and the Province ofSaskatchewan Sinking Funds. All public money is paid intothe General Revenue Fund exceptwherethe Legislative Assembly has directed otherwise. The General Revenue Fund is availableforappropriation forthe public services ofSaskatchewan. The Summary Financial Statements consolidatethefinancial transactions ofthe General Revenue Fund, Crown corporations, agencies, boards and commissions. These consolidated statements provide afull accounting ofthefinancial affairs and resources ofall entitiesforwhich the Government is responsible. The Fiscal Stabilization Fund was established April 1, 2000. Its purpose isto stabilizethefiscal position ofthe Governmentfrom yearto yearand tofacilitate the accomplishmentoflong term objectives. Volume 1 also contains detailed information on public issue debentures and debentures issued tothe MinisterofFinance ofCanada. Volume 2 containsthefollowing: • details on the revenue and expense ofthe General Revenue Fund; • details on capital assetacquisitions ofthe General Revenue Fund; and • other information including financial information on the assets, liabilities and residual balances ofpension plans and trust funds administered bythe Government, a listing ofremissions oftaxes and fees, and a listing ofsupplierswho received $50,000 or more forgoods and/orservices supplied tothe General Revenue Fund and Revolving Funds during the fiscal year. InternetAddress The PublicAccounts are available on the Internetat: http://www.qov.sk.ca/finance/paccts Sources of Additional Information Financial Statements - Compendium Thefinancial statements ofvarious government boards, agencies, commissions, pension plans, special purposefunds and institutions, aswell as Crown corporations which are accountable toTreasury Board are available on the Internetat: http://www.qov.sk.ca/finance/paccts BudgetAddress The GovernmentofSaskatchewan presents a budgeteach year, usuallyearly in the spring. Atthistime, a document containing the BudgetAddress and budget papers is tabled. Saskatchewan Estimates The General Revenue Fund’s spending estimatesforthe yearcommencing April 1 are presented tothe members ofthe LegislativeAssemblyfollowing presentation ofthe BudgetAddress bythe MinisterofFinance. The Estimates outlinethe detailed estimates ofrevenue, expense, loans, advances and investmentstothe LegislativeAssemblyforapproval in the form of TheAppropriationAct. Province ofSaskatchewan Interim Financial Reports Updates on the General Revenue Fund’s revenue, expense, surplus and debtare provided in financial reports prepared afterthefirstquarter, at mid-yearand afterthethird quarter. PublicAccounts,2004-05 5 Financial Reporting Structure Financial Control and Reporting ^ Financial Reporting 1 ExamplesofCICCrowncorporationsare:SaskEnergy, SaskPower, SaskTel, SGI,andSTC. 2 ExamplesofTreasuryBoardCrowncorporationsare:AgriculturalCreditCorporationofSaskatchewan, Saskatchewan Liquorand GamingAuthority, SaskatchewanCropInsuranceCorporationandSaskatchewan PropertyManagementCorporation. This page leftblank intentionally. General Revenue Fund Financial Statements This page leftblank intentionally.