audited financial statements for the year ended … · school jurisdiction code: 2115 audited...
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School Jurisdiction Code: 2115
AUDITEDFINANCIAL STATEMENTS
FOR THE YEAR ENDED AUGUST 31, 2011[School Act, Sections 147(2)(a), 148, 151(1) and 276]
Legal Name of School Jurisdiction
Mailing Address
Telephone and Fax Numbers
SCHOOL JURISDICTION MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING
The financial statements of
Board of Trustees Responsibility
External Auditors
Declaration of Management and Board Chairman
"ORIGINAL SIGNED"Name Signature
"ORIGINAL SIGNED"Name Signature
"ORIGINAL SIGNED"Name Signature
Board-approved Release Date
c.c. ALBERTA EDUCATION, Financial Reporting & Accountability Branch8th Floor Commerce Place, 10155-102 Street, Edmonton AB T5J 4L5EMAIL: [email protected]: (780) 644-5672 (Toll free 310-0000)
to provide reasonable assurance that the school jurisdiction's assets are safeguarded, that transactions are executedin accordance with appropriate authorization and that accounting records may be relied upon to properly reflect theschool jurisdiction's transactions. The effectiveness of the control systems is supported by the selection and training
follow the financial reporting requirements prescribed by Alberta Education.
with generally accepted accounting principles and follow format prescribed by Alberta Education.
In fulfilling its reporting responsibilities, management has maintained internal control systems and procedures designed
presented to Alberta Education have been prepared by school jurisdiction management which has responsibility fortheir preparation, integrity and objectivity. The financial statements, including notes, have been prepared in accordance
WETASKIWIN REGIONAL DIVISION NO. 11
515-47A AVENUE, WETASKIWIN, AB T9A 3S3
(PH) 780-352-6018 (FAX) 780-352-7886
WETASKIWIN REGIONAL DIVISION NO. 11
Ms. Deanna Specht
Dr. Terry Pearson
of qualified personnel, an organizational structure that provides an appropriate division of responsibility and a strong system of budgetary control.
The ultimate responsibility for the financial statements lies with the Board of Trustees. The Board reviewed the auditedfinancial statements with management in detail and approved the financial statements for release.
The Board appoints external auditors to audit the financial statements and meets with the auditors to review their findings.The external auditors were given full access to school jurisdiction records.
29-Nov-11
SECRETARY TREASURER OR TREASURER
SUPERINTENDENT
To the best of our knowledge and belief, these financial statements reflect, in all material respects, the financial positionand results of operations and cash flows for the year in accordance with generally accepted accounting principles and
Ms. Sherri Senger
BOARD CHAIR
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School Jurisdiction Code: 2115
TABLE OF CONTENTS
Page
AUDITOR'S REPORT 3
STATEMENT OF FINANCIAL POSITION 4
STATEMENT OF REVENUES AND EXPENSES 5
STATEMENT OF CASH FLOWS 6
STATEMENT OF CHANGES IN NET ASSETS 7
STATEMENT OF CAPITAL ALLOCATIONS 8
NOTES TO THE FINANCIAL STATEMENTS 9
page 2
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School Jurisdiction Code: 2115
STATEMENT OF FINANCIAL POSITIONas at August 31, 2011
(in dollars)
2011 2010
RestatedASSETSCurrent assets
Cash and temporary investments (Note 3) $13,981,518 $15,870,556Accounts receivable (net after allowances) (Note 4) $488,059 $660,287Prepaid expenses (Note 2) $97,807 $38,549Other current assets (Note 2) $267,308 $213,342
Total current assets $14,834,692 $16,782,734School generated assets $789,034 $856,046Trust assets (Note 5) $205,673 $240,533Long term accounts receivable $0 $0Long term investments $10 $10Capital assets (Note 6)
Land $242,290 $242,290Construction in progress $2,818,835 $1,107,642Buildings $58,309,598
Less: accumulated amortization ($30,208,239) $28,101,360 $29,561,316Equipment $3,146,255
Less: accumulated amortization ($1,379,623) $1,766,631 $1,393,434Vehicles $598,331
Less: accumulated amortization ($280,984) $317,347 $329,642Total capital assets $33,246,463 $32,634,324
TOTAL ASSETS $49,075,871 $50,513,647
LIABILITIESCurrent liabilities
Bank indebtedness (Note 7) $0 $0Accounts payable and accrued liabilities (Note 8) $921,385 $1,924,837Deferred revenue (Note 9) $3,222,587 $2,873,871Deferred capital allocations (Note 10) $4,874,092 $6,518,932Current portion of long term debt (Note 12) $403,980 $609,776
Total current liabilities $9,422,044 $11,927,416School generated liabilities $789,034 $856,046Trust liabilities (Note 5) $205,673 $240,533Employee future benefit liabilities (Note 13) $0 $13,100Long term debt (Note 12)
Supported: Debentures and other supported debt $2,059,277 $2,661,353Less: Current portion ($396,280) ($602,076)
Unsupported: Debentures and capital loans $12,000 $19,700Capital leases $0 $0Mortgages $0 $0Less: Current portion ($7,700) ($7,700)
Other long term liabilities $101,751 $98,864Unamortized capital allocations (Note 11) $26,683,098 $25,774,676
Total long term liabilities $29,446,853 $29,054,496TOTAL LIABILITIES $38,868,897 $40,981,912
NET ASSETSUnrestricted net assets $0 $0Operating reserves $4,804,312 $4,490,463
Accumulated operating surplus (deficit) $4,804,312 $4,490,463Investment in capital assets $4,492,086 $4,178,594Capital reserves $910,576 $862,678
Total capital funds $5,402,662 $5,041,272Total net assets $10,206,973 $9,531,735
TOTAL LIABILITIES AND NET ASSETS $49,075,871 $50,513,647
Note: Please input "(Restated)" in 2010 column heading where comparatives are not taken from the finalized 2009/2010 Audited Financial Statements filed with Alberta Education.
page 4
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School Jurisdiction Code: 2115
Budget ActualActual 2011 20102011
REVENUES
Government of Alberta $42,048,540 $42,537,477 $42,465,753
Federal Government and First Nations $4,204,221 $4,306,389 $3,977,283
Other Alberta school authorities $12,821 $20,000 $22,364
Out of province authorities $0 $0 $0
Alberta Municipalities-special tax levies $0 $0 $0
Instruction resource fees $302,435 $189,065 $398,405
Transportation fees $24,942 $19,000 $22,673
Other sales and services $425,315 $406,238 $323,144
Investment income $110,517 $50,000 $45,349
Gifts and donations $44,365 $0 $8,320
Rental of facilities $25,855 $29,800 $24,928
Gross school generated funds $1,339,806 $1,400,000 $1,434,442
Gains on disposal of capital assets $2,500 $0 $15,451
Amortization of capital allocations $1,515,655 $1,500,000 $1,523,242
Other revenue $5,060 $0 $0
Total Revenues $50,062,032 $50,457,969 $50,261,354
Certificated salaries (Note 20) $22,893,154 $22,990,394 $22,870,044Certificated benefits (Note 20) $2,568,888 $2,740,321 $2,556,615Non-certificated salaries and wages (Note 20) $9,778,514 $9,473,377 $9,790,662Non-certificated benefits (Note 20) $2,644,697 $2,796,247 $2,624,664
Services, contracts and supplies $7,978,976 $10,492,909 $7,950,057
Gross school generated funds $1,328,016 $1,400,000 $1,434,442
Capital and debt services
Amortization of capital assets
Supported $1,515,655 $1,500,000 $1,523,242
Unsupported $439,199 $157,860 $338,197
Total Amortization of capital assets $1,954,854 $1,657,860 $1,861,439
Interest on capital debt
Supported $220,365 $264,237 $287,571
Unsupported $1,454 $1,000 $2,268
Total Interest on capital debt $221,819 $265,237 $289,839
Other interest and charges $909 $0 $6,341
Losses on disposal of capital assets $0 $0 $0
Other expense $16,965 $0 $0
Total Expenses $49,386,794 $51,816,345 $49,384,103
$675,238 ($1,358,376) $877,251
Extraordinary Item $0 $0 $0
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES $675,238 ($1,358,376) $877,251
Please input "(Restated)" where Actual 2010 comparatives are not as presented in the finalized 2009/2010 Audited Financial Statements filed withAlberta Education. Budget 2011 comparatives presented are final budget amounts formally approved by the Board.
STATEMENT OF REVENUES AND EXPENSESfor the Year Ended August 31, 2011
(in dollars)
Note:
EXPENSES
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES BEFORE EXTRAORDINARY ITEM
page 5
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2115
for the Year Ended August 31, 2011
(in dollars)
2011 2010
CASH FLOWS FROM:
A. OPERATIONSExcess (deficiency) of revenues over expenses $675,238 $877,252Add (Deduct) items not affecting cash:
Amortization of capital allocations revenue ($1,515,655) ($1,523,242)Total amortization expense $1,954,854 $1,861,439Gains on disposal of capital assets ($2,500) ($15,451)Losses on disposal of capital assets $0 $0
Changes in:Accounts receivable $172,228 $957,856Prepaids and other current assets ($113,224) $136,611Long term accounts receivable $0 $732Long term investments $0 $0Accounts payable and accrued liabilities ($1,000,565) ($47,189)Deferred revenue $348,716 $444,012Employee future benefit liabilitiies ($13,100) ($1,000)
Other (describe) $0 $0Total cash flows from Operations $505,992 $2,691,020
B. INVESTING ACTIVITIES Purchases of capital assets
Land $0 $0Buildings ($1,843,452) ($611,452)Equipment ($677,808) ($507,695)Vehicles ($45,733) ($155,842)
Net proceeds from disposal of capital assets $2,500 $74,443Other (describe) $0 $0
Total cash flows from Investing activities ($2,564,492) ($1,200,546)
C. FINANCING ACTIVITIESCapital allocations $177,162 $4,525,566Issue of long term debt $0 $0Repayment of long term debt ($609,776) ($737,375)
Add back: supported portion $602,076 $729,676Other (describe) $0 $0
Total cash flows from financing activities $169,462 $4,517,867
Net cash flows from during the year ($1,889,038) $6,008,341Cash and temporary investments, net of bank indebtedness, at Aug. 31/10 $15,870,556 $9,862,215Cash and temporary investments, net of bank indebtedness, at Aug. 31/11 $13,981,518 $15,870,556
Note: Please input "(Restated)" where Actual 2010 comparatives are not as presented in the finalized 2009/2010 Audited Financial Statements filed with Alberta Education.
School Jurisdiction Code:
STATEMENT OF CASH FLOWS
page 6
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page
7
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School Jurisdiction Code: 2115
STATEMENT OF CAPITAL ALLOCATIONS(EXTERNALLY RESTRICTED CAPITAL CONTRIBUTIONS ONLY)
for the Year Ended August 31, 2011(in dollars)
Deferred UnamortizedCapital Capital
Allocations Allocations
Balance at August 31, 2010 $6,518,932 $25,774,676
Prior period adjustments $0 $0
Adjusted balance, August 31, 2010 $6,518,932 $25,774,676
Add:
Restricted capital allocations from: Alberta Education school building and modular projects $0
Other Government of Alberta $21,026
Federal Government and First Nations $0
Other sources $0
Interest earned on provincial government capital allocations $83,533
Other capital grants and donations $72,603
Net proceeds on disposal of supported capital assets $0
Insurance proceeds (and related interest) $0
Donated capital assets (amortizable, @ fair market value) $0
P3, other ASAP and Alberta Infrastructure managed projects $0
Transferred in capital assets (amortizable, @ net book value) $0
Current year supported debenture principal repayment $602,076
Expended capital allocations - current year ($1,822,002) $1,822,002
Deduct:
Net book value of supported capital assets dispositions, write-offs, or transfer; Other $0 $0
Capital allocations amortized to revenue $1,515,655
Balance at August 31, 2011 $4,874,092 $26,683,098
* Infrastructure Maintenance Renewal (IMR) Program allocations are excluded from this Statement, since those allocations are not externally restricted to capital.
page 8
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Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
1. Authority and purpose
The School Jurisdiction delivers education programs under the authority of the School Act, Revised Statutes of Alberta 2000, Chapter S-3.
The jurisdiction receives instruction and support allocations under Regulation 77/2003. The regulation allows for the setting of conditions and use of grant monies. The School Jurisdiction is limited on certain funding allocations and administration expenses.
2. Summary of significant accounting policies
These financial statements have been prepared in accordance with Canadian generally accepted accounting principles (GAAP). The precise determination of many assets and liabilities is dependent on future events. As a result, the preparation of financial statements for a period involves the use of estimates and approximations, which have been made using careful judgment. Actual results could differ from those estimates and approximations. The financial statements have, in management's opinion, been properly prepared within reasonable limits of materiality and within the framework of the accounting policies summarized below:
Revenue recognition
The Wetaskiwin Regional Division #11 (the "Regional Division") follows the deferral method of accounting for contributions.
Revenue is recognized as follows:
Instruction and support allocations are recognized in the year to which they relate.
Fees for services related to courses and programs are recognized as revenue when such courses and programs are delivered.
Unrestricted contributions are recognized as revenue when received or receivable. Contributions in-kind are recorded at fair market value when reasonably determinable.
Externally restricted contributions are deferred and recognized as revenue in the period in which the restriction is complied with.
Restricted investment income is recognized as revenue in the year in which the related expenses are incurred. Unrestricted investment income is recognized as revenue when earned.
Prepaid expenses
Certain expenditures incurred before the close of the school year are for school supplies, which will be consumed subsequent to the year-end, and are accordingly recorded as prepaid expenses. Certain insurance expenses fall into this category.
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Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31,2011
2. Summary of significant accounting pOlicies (continued)
Inventories
Inventories are recorded at the lower of cost or net realizable value.
School generated funds
These are the funds, which come under the control and responsibility of the school principal for school activities. These funds are usually collected, retained and expended at the school level (e.g. yearbook sales, graduation fees, field trip fees, etc.).
Capital assets
Capital assets are recorded at cost. Contributed capital assets are recorded at fair market value at the date of the contribution. Amortization is provided on a straight line basis over the assets' estimated useful lives at the following rates:
Buildings 2.5% to 10%
Computer Hardware & Software 20%
Other Equipment &Furnishings 10% and 20%
Vehicles 10% and 20%
Capital assets with costs in excess of $5,000 are capitalized. Capital allocations received for asset additions are amortized into revenue over the same period as the amortization expense.
Vacation pay
Vacation pay is accrued in the period in which the employee earns the benefit.
Pensions
PenSion costs included in these statements comprise the cost of employer contributions for current service of employees during the year.
The current service and past service costs of the Alberta Teacher Retirement Fund are met by contributions by active members and the Government of Alberta. Under the terms of the Teachers Pension Plan Act, the Wetaskiwin Regional Division No. 11 does not make pension contributions for certificated staff.
The Regional Division participates in the multi-employer pension plan, Local Authorities Pension Plan, and does not report on any unfunded liabilities. The expense for this pension plan is equivalent to the annual contributions of $854,891 for the year ended August 31,2011 (2010 - $811,404). At December 31,2010 the Local Authorities Pension Plan reported a deficiency of $4,635 million {2009 deficiency of $3,999 million}.
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Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
2. Summary of significant accounting policies (continued)
Operating and capital reserves
Reserves are established at the discretion of the Board of Trustees of the Regional Division, to set aside funds for operating and capital purposes. Such reserves are appropriations of unrestricted net assets.
Financial instruments
The Regional Division's financial instruments consist of cash and temporary investments, accounts receivable, accounts payable, accrued liabilities and long-term debt. It is management's opinion that the jurisdiction is not exposed to Significant interest, currency or credit risks arising from these financial instruments. Unless otherwise noted, the fair values of these financial instruments approximate their carrying value. The Regional Division has invested surplus funds in accordance with Section 60 (2) (d) of the School Act.
Contributed services
Volunteers contribute a considerable number of hours per year to schools to ensure that certain programs are delivered, such as kindergarten, lunch services, and the raising of school generated funds. Because of the difficulty of compiling these hours and the fact that these services are not otherwise purchased, contributed services are not recognized in the financial statements.
3. Cash and Temporary Investments
2011 2010 Average Effective (Market)
Yield Cost Fair
Value
Average I IEffective (Market) •
Yield Cost Fair
Value i Cash and cash equivalents - $10,981,516 $10,981,516 - $15.870.556 $15,870.556 • Fixed-income securities:
Govemment of Canada. direct and gauranteed 1.25% 3,000,000 3,000,000 - - -Total cash and temporary investments 1.25% $13,981,516 $13,981,516 - $15,870,556 $15,870.556
4. Accounts receivable 2011 2010
Alberta Education Alberta Finance Federal Government Other Alberta School Jurisdictions Other
$ 17,531 125,674 101,475
15,644 227.735
$ 208,846 169,545 114,497
15,407 151.992
$ 488.059 $ §60,2~7
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Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31,2011
5. Trust assets and liabilities
Scholarship trusts Deferred Salary Leave Plan Community Learning Council
2011
$ 152,253
53,420
$ 205,673
$
$
2010
144,811 95,722
240,533
6.
These balances represent cash that is held in trust by the Regional Division.
Capital Assets
i
Equipment-Construction Computer In Progress Hardware & other
Land New Building Buildings Software Equipment Vehicles
Estimated Useful Life Historical Cost September 1, 2010 $242,290 $1,107,642 $58,177,338 $1,476,956 $1,202,365 $569,498 Additions 1,711,193 132,260 516,855 160,952 45,733 Transfers in (out) Less disposals induding write-offs (171,010) (39,863) (16,900) August 31,2011 $242,290 $2,818,835 $58,309,598 $1,822,801 $1,323,454 $598,331
Accumulated Amortization i September 1, 2010 $0 $0 $28,616,022 $725,520 $560,367 $239,856 Amortization expense 1,592,216 190,555 114,055 58,028 Transfers in (out) Effed of disposals (171,010) (39,863) (16,900) August 31. 2011 $0 $0 $30,208,238 $745,065 $634,559 $280,984
Net Book Value at August 31, 2011 $242,290 $2,818,835 $28,101,360 $1,077,736 $688,895 $317,347
Total
$62,776,089 • 2,566,993
(227,773) $65,115,309
$30,141,765 1,954,854
(227,773) $31,868,846 $33,246,463
7. Bank Indebtedness
The Regional Division has negotiated a Line of Credit in the amount of $1,000,000 and a Standby Letter of Credit for $300,000, each bear interest at the bank prime rate less 0.25%. Both are secured by a borrowing bylaw and a security agreement, covering all revenue of the Regional Division. There was no balance outstanding on the Line of Credit or the Standby Letter of Credit as at August 31, 2011.
8. Accounts payable and accrued liabilities 2011 2010
Alberta Finance $ 126,786 $ 171,310 Federal Government 27,255 575,161 Other Trade Payables and Accrued Liabilities 767,344 1,178.366
$ 921,385 $ 1,924,837
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Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31,2011
9. Deferred revenue
SOURCE AND GRANT OR FUND TYPE ADD: DEDUCT: ADD(DEDUCT):' DEFERREDDEFERRED 2010/2011 2010/2011
REVENUE Restricted Restricted 201012011 as at Funds Funds Adjustments
Aug. 31, Receivedl Expended or Returned 2010 Receivable (Paid/Payable) Funds
i Alberta Education Restricted Operational Funding: Infrastructure Maintenance Renewal $2,257,014 $784,193 $152,830 Block Modernization 35,278 35,278 Alberta Initiative for School Improvement 50,602 551.188 465,385 Small Class Size Initiative 80,789 80,789 CTS Bridging Grant - 18.000
Other Government of Alberta Restricted Funding: Child and Family Services Authority 23,463 111,444 72,277 FASD Network Grant 13.500 13,500 CTS Equipment Grant 30,679 30,679 Braillest 9.595 140,000 60,121 SCHEP 2,464 60.099 55,882
i Federal Government Indian & Northern Affairs 356.801 356,801
Other Deferred Revenue: Instructional Material Fees 7 7 Supemet lease 5,139 4.780 5,139 Bus passes 8,540 16,240 8,540
TOTAL $2,873.871 $1,685,944 $1.337,228
REVENUE as at
Aug. 31, 2011
$2,888,377 -
136,405 -
18.000
62,630 --
89,474 6,681
-
-4.780
16.240
$3,222,587
i
10. Deferred capital allocations
Deferred capital allocations represent externally restricted supported capital funds provided for a specific capital purpose that have been received or are receivable by the Regional Division, but the related expenditure has not yet been made at year-end. When expended, these deferred capital allocations are transferred to unamortized capital allocations.
-
Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
11. Unamortized capital allocations
Unamortized capital allocations represent externally restricted supported capital funds that have been expended, but have yet to be amortized over the useful life of the related capital asset. The unamortized capital allocations account balance is increased by transfers of deferred capital allocations expended, as well as fully-supported debenture principal repayments.
12. Long-term debt 2011 2010
Debentures: 6.875% to 15.75% Alberta Capital Finance Authority debentures maturing at various dates from 2009 to 2019. Debenture debt is authorized by Alberta Treasury and $2,059,277 is fully supported. Interest paid on $ 2,071,277 $ 2,681,053 long-term debt during 2010 - 2011 was $220,365.
Less: current portion 403,980 609,776
$ 1,655,297 $ 2,071,277
Debenture and capital loan repayments required in each of the next five years and beyond are due as follows:
Principal Interest Total
2011·2012 $ 403,980 $ 202,583 $ 606,563 2012 - 2013 387,637 162,266 549,903 2013 - 2014 359,747 123,515 483,262 2014 - 2015 344,747 87,498 432,245 2015 - 2016 267,428 53,150 320,578 2016 to maturity 307.738 41,655 349,393
Total $ 2,071,277 $ 670,667 $ 2,741,944
The current portion of long-term debt includes $396,281 of amounts payable by Alberta Finance on supported debt; therefore, the working capital (current assets minus current liabilities) is understated by this amount.
-
Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
13. SIPP
The Regional Division is a member of the Supplemental Integrated Pension Plan. The plan provides supplementary pension plan benefits to a prescribed class of employees in addition to Local Authorities Pension Plan or Alberta Teacher Retirement Fund.
There are nine employees who are eligible to participate in the plan, one employee is currently participating.
The current service contributions in 2011 were $nil (2010 - $1,000) and past service costs were $nil (2009 - $nil). The accrued benefit liability at August 31, 2011 is $nil (2010 $13,100).
14. Commitments
Operating leases
The Regional Division has entered into a number of operating leases, which have finanCial commitments as outlined below. These leases relate to photocopiers, facility rental and grounds maintenance.
2011-2012 2012-2013 2013-2014 2014-2015 2015- thereafter
Total
Building Projects
$ 319,480 341,958 316,667 241,676 197,180
$ 1.416,961
The Regional Division is committed to capital expenditures for the construction of Griffiths Scott Middle School of approximately $11 ,019,820. It is anticipated that these costs will be fully funded by the capital allocations from Alberta Education.
15. Contingency
The Regional Division is a member of a reciprocal insurance exchange called ALARIE. A portion of the premiums paid in past year's represented equity contributions to the insurance fund. The value of equity is subject to liability claims and is not an asset that the Regional Division can liquidate.
-
Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
16. Economic dependence on related third party
The Regional Division's primary source of income is from the Alberta Government. The Regional Division's ability to continue viable operations is dependent on this funding.
17. Budget amounts
The Regional Division management prepared the budget with Board of Trustees approval given on November 30, 2010. It is presented for information purposes only and has not been audited.
18. Comparative Figures
The comparative figures have been reclassified where necessary to conform to the 2011 presentation.
19. Related Party Transactions
Effective 2005/2006, school jurisdictions are controlled by the Government of Alberta according to criteria set out In Public Sector Accounting Board Handbook Section 1300. All entities consolidated or accounted for on a modified equity basis in the accounts of the Government of Alberta are now related parties of school jurisdictions. These include government departments, health authorities, post-secondary institutions and other school jurisdictions in Alberta. The Regional Division had related party transactions for the year ended August 31, 2010 recorded in the Statement of Revenues and Expenses and Statement of Financial Position, at the amount of consideration agreed upon between the related parties.
Balances Transactions
2011·2012 Assets Liabilities Revenue
Government of Alberta: Education Finance Other departments
$ 17,531 125,674 44,442
$7,916,874 2,186,063
168,952
$41,500,015 220,365 317,994
Other: Alberta school jurisdictions 15,644 12,821
Total 2011·2012 $203,291 $10,271,889 $42,051,195
Total 2010-2011 $393,797 $11,992,248 $42,370,548
-
Wetaskiwin Regional Division No. 11 Notes to the Financial Statements
August 31, 2011
20. Remuneration and Monetary Incentives
Wetaskiwin Regional Division No. 11 has paid or accrued expenses for the year ended AUgust 31, 2011 to or on behalf of the following positions and persons in groups as follows:
Board Members FTE Remuneration Benefits Totals Expenses Mr. Rob Reimer 0.17 2,992 650 3.642 227 Mr. Ed Zacharko 1.0 22.598 4,448 27.046 3.447 Ms. Barb Johnson 1.0 20,823 1.961 22.784 7.945 Mrs. Donna Hogg 1.0 20,402 4,444 24.846 5.363 Mr. Clint Neis 1.0 21.561 4.893 26,454 6.697 Mr. Glen Norby 1.0 19.579 3.742 23.321 5.006 Mrs. Deanna Specht (Chair)
1.0 26,371 5.311 31.682 8.397
Mr. Stanley Harsch 0.83 17.927 4.359 22.286 7,349 Mrs. Shauna Bruno 0.83 17.798 4,355 22,153 5,488
Subtotal 8.0 170,051 34,163 204,214 49.919
Superintendent: Dr. Terry Pearson 1.0 153,691 21,456 181,447 17,201
SecretaryfTreasurer Ms. Arlene Dow 0.17 43,521 11,109 54,630 533 Ms. Sherri Senger 0.83 114,653 26,753 141,406 13.714
Certificated Teachers
242.7 22,739,463 2,547,432 25,280,595
Non-certificated -Other
242.9 9,450,289 2,572,673 12,022,962
TOTALS 32,671,668 5,213,586 37,885,254
-
School Jurisdiction Code: 2115
UNAUDITED SCHEDULES
TO THEFINANCIAL STATEMENTS
FOR THE YEAR ENDED AUGUST 31, 2011[School Act, Section 276]
Legal Name of School Jurisdiction
Mailing Address
Telephone and Fax Numbers
Declaration of Secretary-Treasurer / Chief Financial Officer
reporting requirements for Alberta school jurisdictions. These schedules were submitted to the board for information
"ORIGINAL SIGNED"Name Signature
Dated
c.c. ALBERTA EDUCATION, Financial Reporting & Accountability Branch8th Floor Commerce Place, 10155-102 Street, Edmonton AB T5J 4L5EMAIL: [email protected]: (780) 644-5672 FAX: (780) 422-6996
WETASKIWIN REGIONAL DIVISION NO. 11
5515 47A AVENUE, WETASKIWIN, AB T9A 3S3
(PH) 780-352-6018 (FAX) 780-352-7886
29-Nov-11
To the best of my knowledge and belief, these unaudited schedules have been prepared following Alberta Education's
purposes.
SECRETARY TREASURER OR TREASURER
MS. SHERRI SENGER
-
School Jurisdiction Code: 2115
TABLE OF CONTENTS
Page
SCHEDULE A 3
SCHEDULE B 4
SCHEDULE C 5
Allocation of Revenues and Expenses to Programs
School Generated Funds (SGF)
Operations and Maintenance Program Expense Details
page 2 of 5
-
S
CH
EDU
LE A
Sc
hool
Jur
isdi
ctio
n C
ode:
2115
ALLO
CAT
ION
OF
REV
ENU
ES A
ND
EXP
ENSE
S TO
PR
OG
RAM
S - 2
010/
2011
Ope
ratio
ns a
ndM
aint
enan
ce o
fB
oard
&R
EVEN
UES
ECS
Gra
des
1-12
Scho
ols
&Sy
stem
Ex
tern
al
Inst
ruct
ion
Inst
ruct
ion
Mai
nten
ance
Sho
psTr
ansp
orta
tion
Adm
inis
trat
ion
Serv
ices
TOTA
L(1
)A
lber
ta E
duca
tion
$2,2
03,0
25$3
0,75
0,89
2$4
,244
,962
$2,6
79,1
97$1
,621
,938
$0$4
1,50
0,01
5
(2)
Oth
er -
Gov
ernm
ent o
f Alb
erta
$82,
597
$152
,341
$224
,660
$0$0
$88,
928
$548
,526
(3)
Fede
ral G
over
nmen
t and
Firs
t Nat
ions
$49,
638
$3,3
22,7
59$6
14,5
48$0
$217
,275
$0$4
,204
,221
(4)
Oth
er A
lber
ta s
choo
l aut
horit
ies
$0$0
$0$1
2,82
1$0
$0$1
2,82
1
(5)
Out
of p
rovi
nce
auth
oriti
es$0
$0$0
$0$0
$0$0
(6)
Alb
erta
Mun
icip
aliti
es-s
peci
al ta
x le
vies
$0$0
$0$0
$0$0
$0
(7)
Inst
ruct
ion
reso
urce
fees
$4,4
87$2
97,9
48$3
02,4
35
(8)
Tran
spor
tatio
n fe
es-E
CS
$0$0
(9)
Tran
spor
tatio
n fe
es-G
rade
s 1-
12$2
4,94
2$2
4,94
2
(10)
Oth
er s
ales
and
ser
vice
s$0
$354
,546
$30,
814
$0$1
5,63
9$2
4,31
6$4
25,3
15
(11)
Inve
stm
ent i
ncom
e$0
$0$0
$0$1
10,5
17$0
$110
,517
(12)
Gift
s an
d do
natio
ns$0
$24,
365
$0$0
$20,
000
$0$4
4,36
5
(13)
Ren
tal o
f fac
ilitie
s$0
$0$2
5,85
5$0
$0$0
$25,
855
(14)
Gro
ss s
choo
l gen
erat
ed fu
nds
$0$1
,339
,806
$0$0
$0$0
$1,3
39,8
06
(15)
Gai
ns o
n di
spos
al o
f cap
ital a
sset
s$0
$0$2
,500
$0$0
$0$2
,500
(16)
Am
ortiz
atio
n of
cap
ital a
lloca
tions
$0$7
5,69
4$1
,439
,961
$0$0
$1,5
15,6
55
(17)
Oth
er re
venu
e$0
$0$3
,494
$0$1
,566
$0$5
,060
(18)
TOTA
L R
EVEN
UES
$2,3
39,7
47$3
6,31
8,35
3$6
,586
,795
$2,7
16,9
59$1
,986
,935
$113
,244
$50,
062,
032
EXPE
NSE
S(1
9)C
ertif
icat
ed s
alar
ies
$992
,042
$21,
395,
811
$505
,302
$0$2
2,89
3,15
4
(20)
Cer
tific
ated
ben
efits
$114
,376
$2,3
97,8
60$5
6,65
2$0
$2,5
68,8
88
(21)
Non
-cer
tific
ated
sal
arie
s an
d w
ages
$7
55,0
72$5
,857
,418
$2,2
09,0
04$1
76,8
53$7
28,0
66$5
2,10
2$9
,778
,514
(22)
Non
-cer
tific
ated
ben
efits
$184
,276
$1,6
53,4
48$5
79,8
92$3
6,43
1$1
81,4
77$9
,173
$2,6
44,6
97
(23)
SUB
- TO
TAL
$2,0
45,7
66$3
1,30
4,53
6$2
,788
,896
$213
,284
$1,4
71,4
96$6
1,27
5$3
7,88
5,25
4
(24)
Serv
ices
, con
trac
ts a
nd s
uppl
ies
$127
,837
$2,9
01,9
86$1
,921
,809
$2,5
38,5
42$4
36,8
34$5
1,96
9$7
,978
,976
(25)
Gro
ss s
choo
l gen
erat
ed fu
nds
$0$1
,328
,016
$1,3
28,0
16
(26)
Am
ortiz
atio
n of
cap
ital a
sset
s$0
$327
,238
$1,5
82,3
97$0
$45,
219
$0$1
,954
,854
(27)
Inte
rest
and
cha
rges
$0$0
$221
,819
$823
$86
$0$2
22,7
28
(28)
Loss
es o
n di
spos
al o
f cap
ital a
sset
s$0
$0$0
$0$0
$0$0
(29)
Oth
er e
xpen
se$0
$16,
965
$0$0
$0$0
$16,
965
(30)
TOTA
L EX
PEN
SES
$2,1
73,6
03$3
5,87
8,74
2$6
,514
,920
$2,7
52,6
50$1
,953
,635
$113
,244
$49,
386,
794
(31)
$166
,143
$439
,611
$71,
874
($35
,690
)$3
3,30
0$0
$675
,238
EXC
ESS
(DEF
ICIE
NC
Y) O
F R
EVEN
UES
O
VER
EXP
ENSE
S
page
3 o
f 5
-
School Jurisdiction Code: 2115
SCHEDULE BSCHOOL GENERATED FUNDS (SGF) - 2010/2011
Unexpended SGF - Opening Balance August 31, 2010 (Note 1) $856,046
Sources of School Generated Funds: Gross SGF Related Expenses Net SGFFundraising activities $272,062 $180,091 $91,972Student fees (non-instructional) (note 1) $483,657 $425,078 $58,579Donations and grants to schools $47,168 $12,887 $34,281Other (describe): $458,117 $56,873 $401,244Net Additions to SGF $1,261,004 $674,928 $586,076
Net SGF Available $1,442,122
Uses of Net School Generated Funds:Extra-curricular activities $2,788Field trips $13,935Other (describe): $636,365
Total Uses of Net SGF (Note 2) $653,088
Unexpended SGF - Closing Balance August 31, 2011 (Note 3) $789,034
Notes:
1
2 The sum of "total related expenses" and "total uses of net SGF" is reported as "gross school generated funds" in the Statement of Revenues & Expenses.
School Generated Funds (SGF) are funds raised in the community for student activities that come under the control and responsibility of school management. These funds are usually collected and retained at the school for expenditures paid at the school level. SGF does not include any other funds collected at the school but remitted to central office and accounted for by central office (facility rentals, capital assets purchases, etc.)
Excludes fees collected pursuant to Section 60(2)(j) of the School Act (fees related to instructional supplies or materials - essentially textbooks, resource materials in lieu of textbooks, media, software, and materials for classrooms). Fees charged for CEU-related activities are recorded as instruction resource fees, not SGF.
3 Unexpended SGF is reported as SGF assets and SGF liabilities in the Statement of Financial Position.
page 4 of 5
-
Scho
ol J
uris
dict
ion
Cod
e:21
15
Expe
nsed
U
nsup
port
edU
tiliti
es
IMR
&Am
ortiz
atio
n Su
ppor
ted
TOTA
LEX
PEN
SES
Cus
todi
alM
aint
enan
cean
dM
odul
ar U
nit
& O
ther
C
apita
l & D
ebt
Ope
ratio
ns a
ndTe
leco
mm
unic
atio
nsR
eloc
atio
nsEx
pens
esSe
rvic
esM
aint
enan
ceU
ncer
tific
ated
sal
arie
s an
d w
ages
$1
,413
,879
$511
,387
$0$0
$283
,737
$2,2
09,0
04$2
,209
,004
Unc
ertif
icat
ed b
enef
its$3
83,9
69$1
19,9
70$0
$0$7
5,95
3$5
79,8
92$5
79,8
92Su
b-to
tal R
emun
erat
ion
$1,7
97,8
48$6
31,3
57$0
$0$3
59,6
90$2
,788
,896
$2,7
88,8
96Su
pplie
s an
d se
rvic
es$1
23,1
83$4
96,5
31$5
6,26
6$4
6,39
7$5
8,53
6$7
80,9
13$7
80,9
13El
ectr
icity
$497
,525
$497
,525
$497
,525
Nat
ural
gas
/hea
ting
fuel
$424
,289
$424
,289
$424
,289
Sew
er a
nd w
ater
$102
,542
$102
,542
$102
,542
Tele
com
mun
icat
ions
$0$0
$0In
sura
nce
$116
,539
$116
,539
$116
,539
Amor
tizat
ion
of c
apita
l ass
ets
Sup
porte
d$1
,439
,961
$1,4
39,9
61U
nsup
porte
d$0
$142
,436
$142
,436
$142
,436
Tota
l Am
ortiz
atio
n$0
$142
,436
$142
,436
$1,4
39,9
61$1
,582
,397
Inte
rest
on
capi
tal d
ebt
Sup
porte
d$2
20,3
65$2
20,3
65U
nsup
porte
d$0
$1,4
54$1
,454
$1,4
54O
ther
inte
rest
cha
rges
$0$0
$0Lo
sses
on
disp
osal
of c
apita
l ass
ets
$0$0
$0
TOTA
L EX
PEN
SES
$1,9
21,0
31$1
,127
,888
$1,0
80,6
23$4
6,39
7$5
34,7
66$1
43,8
90$4
,854
,594
$1,6
60,3
26$6
,514
,920
SC
HED
ULE
CO
PER
ATIO
NS
AND
MAI
NTE
NAN
CE
OF
SCH
OO
LS &
MAI
NTE
NAN
CE
SHO
PS P
RO
GR
AM E
XPEN
SE D
ETAI
LS -
2010
/201
1
Faci
lity
Plan
ning
&
Ope
ratio
ns
Adm
inis
trat
ion
SUB
-TO
TAL
Ope
ratio
ns &
M
aint
enan
ce
Sch
ool b
uild
ings
65,7
00.2
Non
sch
ool b
uild
ings
2,12
9.0
Not
e: Cus
todi
al:
All
expe
nses
rela
ted
to a
ctiv
ities
und
erta
ken
to k
eep
the
scho
ol e
nviro
nmen
t and
mai
nten
ance
sho
ps c
lean
and
saf
e.
Mai
nten
ance
: A
ll ex
pens
es a
ssoc
iate
d w
ith th
e re
pair,
repl
acem
ent,
enha
ncem
ent a
nd m
inor
con
stru
ctio
n of
bui
ldin
gs, g
roun
ds a
nd e
quip
men
t com
pone
nts.
Thi
s in
clud
es re
gula
r and
pre
vent
ativ
em
aint
enan
ce u
nder
take
n to
ens
ure
com
pone
nts
reac
h or
exc
eed
thei
r life
cyc
le a
nd th
e re
pair
of b
roke
n co
mpo
nent
s. M
aint
enan
ce e
xpen
ses
excl
ude
oper
atio
nal c
osts
rela
ted
toex
pens
ed IM
R &
Mod
ular
Uni
t rel
ocat
ions
, as
they
are
repo
rted
on s
epar
atel
y.U
tiliti
es &
Tel
ecom
mun
icat
ions
: A
ll ex
pens
es re
late
d to
ele
ctric
ity, n
atur
al g
as a
nd o
ther
hea
ting
fuel
s, s
ewer
and
wat
er a
nd a
ll fo
rms
of te
leco
mm
unic
atio
ns.
Expe
nsed
IMR
& M
odul
ar U
nit R
eloc
atio
ns:
All
oper
atio
nal e
xpen
ses
asso
ciat
ed w
ith n
on-c
apita
lized
Infra
stru
ctur
e M
aint
enan
ce R
enew
al p
roje
cts
(AK
A IM
P a
nd B
QR
P) a
nd m
odul
ar u
nit (
porta
ble)
relo
catio
ns.
Faci
lity
Plan
ning
& O
pera
tions
Adm
inis
trat
ion:
A
ll ex
pens
es re
late
d to
the
adm
inis
tratio
n of
ope
ratio
ns a
nd m
aint
enan
ce in
clud
ing
(but
not
lim
ited
to) c
ontra
ct a
dmin
istra
tion,
cle
rical
func
tions
, neg
otia
tions
, sup
ervi
sion
of e
mpl
oyee
s&
con
tract
ors,
sch
ool f
acilit
y pl
anni
ng &
pro
ject
'adm
inis
tratio
n', a
dmin
istra
tion
of jo
int-u
se a
gree
men
ts, a
nd a
ll ex
pens
es re
late
d to
ens
urin
g co
mpl
ianc
e w
ith h
ealth
and
saf
ety
stan
dard
s,
code
s an
d go
vern
men
t reg
ulat
ions
.Su
ppor
ted
Cap
ital &
Deb
t Ser
vice
s:
All
expe
nses
rela
ted
to s
uppo
rted
capi
tal a
sset
s am
ortiz
atio
n an
d in
tere
st o
n su
ppor
ted
capi
tal d
ebt.
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