AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED … · Mr. Mohammed Azim November 28, 2017 "Original Signed" "Original Signed" school jurisdiction's transactions. The effectiveness

1325GR21

School Jurisdiction Code: 1325

AUDITEDFINANCIAL STATEMENTS

FOR THE YEAR ENDED AUGUST 31, 2017[School Act, Sections 147(2)(a), 148, 151(1) and 276]

Legal Name of School Jurisdiction

Mailing Address

Telephone & Fax Numbers, and Email Address

SCHOOL JURISDICTION MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING

The financial statements o

Board of Trustees Responsibility

External Auditors

Declaration of Management and Board Chair

c.c. ALBERTA EDUCATION, Financial Reporting & Accountability Branch8th Floor Commerce Place, 10155-102 Street, Edmonton AB T5J 4L5EMAIL: [email protected]: Mei-Ling: (780) 415-8940; Robert: (780) 427-3855 FAX: (780) 422-6996

Version 20170719

Board-approved Release Date

Signature

Signature

SignatureName

Name

Name

SUPERINTENDENT

Mr. Brad Volkman

SECRETARY-TREASURER OR TREASURER

Mr. Mohammed Azim

November 28, 2017

"Original Signed"

"Original Signed"

school jurisdiction's transactions. The effectiveness of the control systems is supported by the selection and train

Wild Rose School Division No. 66

4912 - 43 Street Rocky Mountain House AB T4T 1P4

(403) 845-3376 (403) 845-3850 [email protected]

presented to Alberta Education have been prepared by school jurisdiction management which has responsibilitytheir preparation, integrity and objectivity. The financial statements, including notes, have been prepared in accordawith Canadian Public Sector Accounting Standards and follow format prescribed by Alberta Educatio

In fulfilling its reporting responsibilities, management has maintained internal control systems and procedures desigto provide reasonable assurance that the school jurisdiction's assets are safeguarded, that transactions are execuin accordance with appropriate authorization and that accounting records may be relied upon to properly reflect

Wild Rose School Division No. 66

Mr. Russell Hickman

of qualified personnel, an organizational structure that provides an appropriate division of responsibility and a strosystem of budgetary control

The ultimate responsibility for the financial statements lies with the Board of Trustees. The Board reviewed the audfinancial statements with management in detail and approved the financial statements for releas

The Board appoints external auditors to audit the financial statements and meets with the auditors to review their findinThe external auditors were given full access to school jurisdiction record

To the best of our knowledge and belief, these financial statements reflect, in all material respects, the financial positresults of operations, remeasurement gains and losses, changes in net financial assets (debt), and cash flows for the yin accordance with Canadian Public Sector Accounting Standards

BOARD CHAIR

"Original Signed"

1


TABLE OF CONTENTS

Page

3

4

5

6

7

8

9

11

12

13

14

15

16

17

Schedule 11: UNAUDITED SCHEDULE OF NUTRITION PROGRAM EXPENDITURES

Schedule 8: UNAUDITED SCHEDULE OF FEE REVENUES

Schedule 9: UNAUDITED SCHEDULE OF DIFFERENTIAL FUNDING

Schedule 10: UNAUDITED SCHEDULE OF CENTRAL ADMINISTRATION EXPENSES

STATEMENT OF CHANGE IN NET FINANCIAL ASSETS (NET DEBT)

INDEPENDENT AUDITOR'S REPORT

NOTES TO THE FINANCIAL STATEMENTS

Schedule 3: SCHEDULE OF PROGRAM OPERATIONS

Schedule 2: SCHEDULE OF CAPITAL REVENUE

Schedule 1: SCHEDULE OF CHANGES IN ACCUMULATED SURPLUS

STATEMENT OF REMEASUREMENT GAINS AND LOSSES

STATEMENT OF CASH FLOWS

STATEMENT OF OPERATIONS

STATEMENT OF FINANCIAL POSITION

Schedule 4: SCHEDULE OF PLANT OPERATIONS AND MAINTENANCE EXPENSES

Schedule 5: SCHEDULE OF CASH, CASH EQUIVALENTS, AND PORTFOLIO INVESTMENTS

Schedule 6: SCHEDULE OF CAPITAL ASSETS

Schedule 7: SCHEDULE OF REMUNERATION AND MONETARY INCENTIVES

2

•Peggy Weinzierl, CPA, CA •Scott St. Arnaud, CPA, CA •Jolene P. Kobi, CPA, CA •Justin J. Tanner, CPA, CA •Eric A. Peterson, CPA, CA (Associate) •Robert J. Krejci, CA (Associate) •Barry D. Gitzel, CPA, CA (Associate)

INDEPENDENT AUDITORS' REPORT

TO: The Board of Trustees Wild Rose School Division No. 66

We have audited the accompanying financial statements of Wild Rose School Division No. 66, which comprise the statement of financial position as at August 31 , 2017, and the statements of operations, cash flows and changes in net financial assets (net debt) for the year then ended, and notes to the financial statements.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian public sector accounting standards and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors ' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of the school division as at August 31 , 2017, and its financial performance and its cash flows for the year then ended in accordance with Canadian public sector accounting standards.

Stettler, Alberta

71<9~02~ ;2.o 7

~~kotJ £ ~QJ CHARTERE-brROFESSIONAL ACCOUNTANTS

49 12 - 51 St., Box 460, Stettler, AB TOC 2LO Phone: 403-742-4431 Toll Free: 1-877-742-4431 Fax: 403-742-1266 www.gitzel.ca

*DENOTES PROFESSIONAL CORPORATION


2017 2016

FINANCIAL ASSETS

Cash and cash equivalents (Schedule 5; Note 3) 6,472,839$ 5,334,452$

Accounts receivable (net after allowances) (Note 4) 1,057,167$ 1,788,130$

Portfolio investments -$ -$

Other financial assets 525$ 525$

Total financial assets 7,530,531$ 7,123,107$

LIABILITIES

Bank indebtedness (Note 5) -$ -$

Accounts payable and accrued liabilities (Note 6) 2,037,324$ 2,707,803$

Deferred revenue (Note 7) 45,696,526$ 47,066,155$

Employee future benefits liabilities (Note 8) 231,431$ 378,593$

Liability for contaminated sites -$ -$

Other liabilities -$ -$

Debt (Note 9)

Supported: Debentures and other supported debt 379,501$ 548,391$

Unsupported: Debentures and capital loans -$ -$

Mortgages -$ -$

Capital leases -$ -$

Total liabilities 48,344,782$ 50,700,942$

(40,814,251)$ (43,577,835)$

NON-FINANCIAL ASSETS

Tangible capital assets (Schedule 6)

Land 2,048,367$ 2,048,367$

Construction in progress -$ -$

Buildings 85,203,138$

Less: Accumulated amortization (39,643,423)$ 45,559,715$ 47,331,969$

Equipment 3,974,783$

Less: Accumulated amortization (3,051,906)$ 922,877$ 1,094,760$

Vehicles 7,965,173$

Less: Accumulated amortization (5,423,862)$ 2,541,311$ 2,412,688$

Computer Equipment 1,039,174$

Less: Accumulated amortization (1,039,174)$ -$ 4,814$

Total tangible capital assets 51,072,270$ 52,892,598$

Prepaid expenses (Note 10) 448,268$ 487,979$

Other non-financial assets (Note 11) 78,871$ 121,112$

Total non-financial assets 51,599,409$ 53,501,689$

Accumulated surplus (Schedule 1; Note 12) 10,785,158$ 9,923,854$

Accumulating surplus / (deficit) is comprised of:

Accumulated operating surplus (deficit) 10,785,158$ 9,923,854$

Accumulated remeasurement gains (losses) -$ -$

10,785,158$ 9,923,854$

Contractual obligations (Note 13)

Contingent liabilities (Note 14)

The accompanying notes and schedules are part of these financial statements.

As at August 31, 2017 (in dollars)STATEMENT OF FINANCIAL POSITION

Net financial assets (debt)

4


Budget Actual Actual2017 2017 2016

Alberta Education 56,881,487$ 55,940,264$ 58,771,318$

Other - Government of Alberta 577,962$ 607,491$ 574,122$

Federal Government and First Nations 153,639$ 554,813$ 278,238$

Other Alberta school authorities 60,000$ 825$ 16,389$

Out of province authorities -$ -$ 150,377$

Alberta municipalities-special tax levies -$ -$ -$

Property taxes -$ -$ -$

Fees (Schedule 8) 1,156,595$ 1,319,117$ 1,446,455$

Other sales and services 362,535$ 438,057$ 669,298$

Investment income 35,000$ 77,139$ 67,634$

Gifts and donations 181,200$ 353,023$ 313,229$

Rental of facilities 12,000$ 29,490$ 26,724$

Fundraising 645,000$ 570,980$ 693,716$

Gains on disposal of capital assets -$ -$ 5,596$

Other revenue -$ 202,681$ 824,759$

Total revenues 60,065,418$ 60,093,880$ 63,837,855$

Instruction - ECS 2,244,948$ 2,012,924$ 3,441,062$

Instruction - Grades 1 - 12 41,209,287$ 41,452,566$ 43,811,777$

Plant operations and maintenance 8,124,978$ 7,454,884$ 9,100,890$

Transportation 4,974,973$ 4,917,718$ 4,861,301$

Board & system administration 2,477,192$ 2,362,731$ 2,292,433$

External services 1,034,040$ 1,031,753$ 1,035,472$

Total expenses 60,065,418$ 59,232,576$ 64,542,935$

-$ 861,304$ (705,080)$

STATEMENT OF OPERATIONSFor the Year Ended August 31, 2017 (in dollars)

EXPENSES

Operating surplus (deficit)


REVENUES

5

1325

2017 2016

CASH FLOWS FROM:

A. OPERATING TRANSACTIONS

Operating surplus (deficit) 861,304$ (705,080)$

Add (Deduct) items not affecting cash:

Total amortization expense 2,889,148$ 2,906,607$

Gains on disposal of tangible capital assets -$ (5,596)$

Losses on disposal of tangible capital assets -$ -$

Expended deferred capital revenue recognition (2,074,461)$ (2,153,516)$

Deferred capital revenue write-down / adjustment -$ -$

Donations in kind -$ -$

Changes in:

Accounts receivable 730,963$ (524,507)$

Prepaids 39,711$ (144,272)$

Other financial assets -$ -$

Non-financial assets 42,241$ 32,247$

Accounts payable, accrued and other liabilities (670,479)$ 117,194$

Deferred revenue (excluding EDCR) 704,832$ 804,114$

Employee future benefit liabilities (147,162)$ 64,629$

-$ -$

Total cash flows from operating transactions 2,376,097$ 391,820$

B. CAPITAL TRANSACTIONS

Purchases of tangible capital assets

Land -$ -$

Buildings (345,165)$ (1,584,233)$

Equipment (96,984)$ (424,623)$

Vehicles (626,671)$ (595,826)$

Computer equipment -$ -$

Net proceeds from disposal of unsupported capital assets -$ 5,596$

-$ -$

Total cash flows from capital transactions (1,068,820)$ (2,599,086)$

C. INVESTING TRANSACTIONS

Purchases of portfolio investments -$ -$

Dispositions of portfolio investments -$ -$

Remeasurement (gains) losses reclassified to the statement of operations -$ -$

-$ -$

-$ -$

Total cash flows from investing transactions -$ -$

D. FINANCING TRANSACTIONS

Issue of debt -$ -$

Repayment of debt (168,890)$ (178,931)$

-$ -$

Issuance of capital leases -$ -$

Repayment of capital leases -$ -$

-$ -$

-$ -$

Total cash flows from financing transactions (168,890)$ (178,931)$

Increase (decrease) in cash and cash equivalents 1,138,387$ (2,386,197)$

Cash and cash equivalents, at beginning of year 5,334,452$ 7,720,649$

Cash and cash equivalents, at end of year 6,472,839$ 5,334,452$


For the Year Ended August 31, 2017 (in dollars)

School Jurisdiction Code:

STATEMENT OF CASH FLOWS

Other factors affecting debt (describe)

Other (describe)

Other (describe)

Other (describe)

Other (describe)

Other (describe)

Other (Describe)

6

1325

2017 2016

Operating surplus (deficit) 861,304$ (705,080)$

Effect of changes in tangible capital assets

Acquisition of tangible capital assets (1,068,820)$ (2,604,682)$

Amortization of tangible capital assets 2,889,148$ 2,906,607$

Net carrying value of tangible capital assets disposed of -$ -$

Write-down carrying value of tangible capital assets -$ -$

Other changes -$ -$

Total effect of changes in tangible capital assets 1,820,328$ 301,925$

Changes in:

Prepaid expenses 39,711$ (144,272)$

Other non-financial assets 42,241$ 32,247$

Net remeasurement gains and (losses) -$ -$

Endowments -$ -$

Increase (decrease) in net financial assets (net debt) 2,763,584$ (515,180)$

Net financial assets (net debt) at beginning of year (43,577,835)$ (43,062,655)$

Net financial assets (net debt) at end of year (40,814,251)$ (43,577,835)$

School Jurisdiction Code:

STATEMENT OF CHANGE IN NET FINANCIAL ASSETS (NET DEBT)



7


2017 2016

Accumulated remeasurement gains (losses) at beginning of year -$ -$

-$ -$

-$ -$

Unrealized gains (losses) attributable to:


-$ -$

Amounts reclassified to the statement of operations:


-$ -$

Net remeasurement gains (losses) for the year -$ -$

Accumulated remeasurement gains (losses) at end of year -$ -$

STATEMENT OF REMEASUREMENT GAINS AND LOSSES



Other

Other

Prior Period Adj. (Explain) - Linked to Sch. 1

Prior Period Adjustment (Explain)

8

Sch

oo

l Ju

risd

icti

on

Co

de:

1325

SC

HE

DU

LE

1

AC

CU

MU

LA

TE

DA

CC

UM

UL

AT

ED

AC

CU

MU

LA

TE

DIN

VE

ST

ME

NT

EN

DO

WM

EN

TS

UN

RE

ST

RIC

TE

D

TO

TA

LT

OT

AL

SU

RP

LU

SR

EM

EA

SU

RE

ME

NT

OP

ER

AT

ING

IN T

AN

GIB

LE

SU

RP

LU

SO

PE

RA

TIN

G

CA

PIT

AL

G

AIN

S (

LO

SS

ES

)S

UR

PL

US

CA

PIT

AL

RE

SE

RV

ES

RE

SE

RV

ES

AS

SE

TS

Bal

ance

at

Au

gu

st 3

1, 2

016

9,92

3,85

4$

-$

9,92

3,85

4$

6,68

4,45

8$

-$

-

$

2,85

9,96

6$

379,

430

$

Pri

or

per

iod

ad

just

men

ts:

-$

-

$

-

$

-$

-

$

-$

-

$

-$

-$

-

$

-

$

-$

-

$

-$

-

$

-$

Ad

just

ed B

alan

ce,

Au

gu

st 3

1, 2

016

9,92

3,85

4$

-$

9,92

3,85

4$

6,68

4,45

8$

-$

-

$

2,85

9,96

6$

379,

430

$

Ope

ratin

g su

rplu

s (d

efic

it)86

1,30

4$

86

1,30

4$

86

1,30

4$

Boa

rd f

unde

d ta

ngib

le c

apita

l ass

et a

dditi

ons

992,

482

$

(445

,955

)$

-

$

(546

,527

)$

D

ispo

sal o

f un

supp

orte

d ta

ngib

le c

apita

l as

sets

or

boar

d fu

nded

por

tion

of s

uppo

rted

-$

-

$

-$

-

$

-$

W

rite-

dow

n of

uns

uppo

rted

tan

gibl

e ca

pita

l as

sets

or

boar

d fu

nded

por

tion

of s

uppo

rted

-$

-

$

-$

-

$

-$

Net

rem

easu

rem

ent

gain

s (lo

sses

) fo

r th

e ye

ar-

$

-$

End

owm

ent

expe

nses

& d

isbu

rsem

ents

-$

-

$

-$

-

$

End

owm

ent

cont

ribut

ions

-$

-

$

-$

-

$

Rei

nves

ted

endo

wm

ent

inco

me

-$

-

$

-$

-

$

Dire

ct c

redi

ts t

o ac

cum

ulat

ed s

urpl

us

(Des

crib

e)-

$

-$

-

$

-$

-

$

-$

-

$

Am

ortiz

atio

n of

tan

gibl

e ca

pita

l ass

ets

-$

(2

,889

,148

)$

2,

889,

148

$

Cap

ital r

even

ue r

ecog

nize

d-

$

2,07

4,46

1$

(2,0

74,4

61)

$

Deb

t pr

inci

pal r

epay

men

ts (

unsu

ppor

ted)

-$

-

$

-$

Add

ition

al c

apita

l deb

t or

cap

ital l

ease

s-

$

-$

-

$

Net

tra

nsfe

rs t

o op

erat

ing

rese

rves

-$

(3

14,3

14)

$

314,

314

$

Net

tra

nsfe

rs f

rom

ope

ratin

g re

serv

es-

$

167,

097

$

(167

,097

)$

Net

tra

nsfe

rs t

o ca

pita

l res

erve

s-

$

(497

,097

)$

49

7,09

7$

Net

tra

nsfe

rs f

rom

cap

ital r

eser

ves

-$

-

$

-$

A

ssum

ptio

n/tr

ansf

er o

f ot

her

oper

atio

ns'

sur p

lus

-$

-

$

-$

-

$

-$

-

$

-$

Oth

er C

hang

es-

$

-$

-

$

-$

-

$

-$

-

$

Bal

ance

at

Au

gu

st 3

1, 2

017

10,7

85,1

58$

-

$

10

,785

,158

$

6,86

2,25

3$

-$

58

5,72

2$

3,

007,

183

$

33

0,00

0$

SC

HE

DU

LE

OF

CH

AN

GE

S I

N A

CC

UM

UL

AT

ED

SU

RP

LU

Sfo

r th

e Y

ear

En

ded

Au

gu

st 3

1, 2

017

(in d

olla

rs)

INT

ER

NA

LL

Y R

ES

TR

ICT

ED

9

SC

HE

DU

LE

1

Bal

ance

at

Au

gu

st 3

1, 2

016

Pri

or

per

iod

ad

just

men

ts:

Ad

just

ed B

alan

ce,

Au

gu

st 3

1, 2

016

Ope

ratin

g su

rplu

s (d

efic

it)

Boa

rd f

unde

d ta

ngib

le c

apita

l ass

et a

dditi

ons

Dis

posa

l of

unsu

ppor

ted

tang

ible

cap

ital

asse

ts o

r bo

ard

fund

ed p

ortio

n of

sup

port

edW

rite-

dow

n of

uns

uppo

rted

tan

gibl

e ca

pita

l as

sets

or

boar

d fu

nded

por

tion

of s

uppo

rted

Net

rem

easu

rem

ent

gain

s (lo

sses

) fo

r th

e ye

ar

End

owm

ent

expe

nses

& d

isbu

rsem

ents

End

owm

ent

cont

ribut

ions

Rei

nves

ted

endo

wm

ent

inco

me

Dire

ct c

redi

ts t

o ac

cum

ulat

ed s

urpl

us

(Des

crib

e)

Am

ortiz

atio

n of

tan

gibl

e ca

pita

l ass

ets

Cap

ital r

even

ue r

ecog

nize

d

Deb

t pr

inci

pal r

epay

men

ts (

unsu

ppor

ted)

Add

ition

al c

apita

l deb

t or

cap

ital l

ease

s

Net

tra

nsfe

rs t

o op

erat

ing

rese

rves

Net

tra

nsfe

rs f

rom

ope

ratin

g re

serv

es

Net

tra

nsfe

rs t

o ca

pita

l res

erve

s

Net

tra

nsfe

rs f

rom

cap

ital r

eser

ves

Ass

umpt

ion/

tran

sfer

of

othe

r op

erat

ions

' su

r plu

s

Oth

er C

hang

es

Bal

ance

at

Au

gu

st 3

1, 2

017

Sch

oo

l Ju

risd

icti

on

Co

de:

1325

1,03

9,14

3$

-

$

19

4,10

9$

-

$

-

$

-

$

1,

626,

714

$

379,

430

$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

1,03

9,14

3$

-

$

19

4,10

9$

-

$

-

$

-

$

1,

626,

714

$

379,

430

$

-$

-$

-$

-$

-$

-$

-$

-$

-$

(546

,527

)$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

314,

314

$

-$

-$

-$

-$

-$

-$

-$

(167

,097

)$

-$

330,

000

$

-$

-$

167,

097

$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

1,35

3,45

7$

33

0,00

0$

19

4,10

9$

-

$

-

$

-

$

1,

459,

617

$

-$

-$

-$

for

the

Yea

r E

nd

ed A

ug

ust

31,

201

7 (in

dol

lars

)

Ope

ratin

g

Res

erve

s

Cap

ital

Res

erve

s

Ope

ratin

g

Res

erve

s

Cap

ital

Res

erve

s

Ope

ratin

g

Res

erve

s

Cap

ital

Res

erve

s

Sch

oo

l &

In

stru

ctio

n R

elat

edO

per

atio

ns

& M

ain

ten

ance

Bo

ard

& S

yste

m A

dm

inis

trat

ion

Tra

nsp

ort

atio

n

SC

HE

DU

LE

OF

CH

AN

GE

S I

N A

CC

UM

UL

AT

ED

SU

RP

LU

S

Ext

ern

al S

ervi

ces

INT

ER

NA

LL

Y R

ES

TR

ICT

ED

RE

SE

RV

ES

BY

PR

OG

RA

M

Ope

ratin

g

Res

erve

s

Cap

ital

Res

erve

s

Ope

ratin

g

Res

erve

s

Cap

ital

Res

erve

s

10

1325SCHEDULE 2

SCHEDULE OF CAPITAL REVENUE(EXTERNALLY RESTRICTED CAPITAL REVENUE ONLY)

for the Year Ended August 31, 2017 (in dollars)

Proceeds on UnexpendedDisposal of Deferred

Provincially Surplus from Provincially Capital Expended

Approved Provincially Funded Revenue from Deferred

& Funded Approved Tangible Capital Other Capital

Projects (A) Projects (B) Assets (C) Sources (D)Revenue

Balance at August 31, 2016 -$ -$ -$ 107,325$ 46,208,137$

Prior period adjustments -$ -$ -$ -$ -$

Adjusted balance, August 31, 2016 -$ -$ -$ 107,325$ 46,208,137$

Add:

Unexpended capital revenue received from:

Alberta Education school building & modular projects (excl. IMR) -$

Infrastructure Maintenance & Renewal capital related to school facilities -$

Other sources: -$ 55,800$

Other sources: -$ -$

Unexpended capital revenue receivable from:

Alberta Education school building & modular (excl. IMR) -$



Interest earned on unexpended capital revenue -$ -$ -$ -$

Other unexpended capital revenue: -$

Proceeds on disposition of supported capital -$ -$

Insurance proceeds (and related interest) -$ -$

Donated tangible capital assets: -$

Alberta Infrastructure managed projects -$

Transferred in (out) tangible capital assets (amortizable, @ net book value) -$

Expended capital revenue - current year -$ -$ -$ (76,338)$ 76,338$

Surplus funds approved for future project(s) -$ -$

Other adjustments: -$ -$ -$ -$ -$

Deduct:

Net book value of supported tangible capital dispositions or write-offs -$

Other adjustments: -$ -$ -$ -$

Capital revenue recognized - Alberta Education 2,074,461$

Capital revenue recognized - Other Government of Alberta -$

Capital revenue recognized - Other revenue -$

Balance at August 31, 2017 -$ -$ -$ 86,787$ 44,210,014$ (A) (B) (C) (D)

Balance of Unexpended Deferred Capital Revenue at August 31, 2017 (A) + (B) + (C) + (D) 86,787$

Unexpended Deferred Capital Revenue

(A) - Represents funding received from the Government of Alberta to be used toward the acquisition of new approved tangible capital assets with restricted uses only. Please specify department

if funds received from a source other than Alberta Education.

(B) - Represents any surplus of funding over costs from column (A) approved by Minister for future capital expenditures with restricted uses only.

(C) - Represents proceeds on disposal of provincially funded restricted-use capital assets to be expended on approved capital assets per 10(2)(a) of Disposition of Property Reg. 181/2010.

(D) - Represents capital revenue received from entities OTHER THAN the Government of Alberta for the acquisition of restricted-use tangible capital assets.

Unexpended Deferred Capital Revenue

Capital Donations

11

SC

HE

DU

LE

3S

cho

ol J

uri

sdic

tio

n C

od

e:13

25

2016

Pla

nt

Op

erat

ion

s B

oar

d &

RE

VE

NU

ES

and

Sys

tem

E

xter

nal

E

CS

Gra

des

1 -

12

Mai

nte

nan

ceT

ran

spo

rtat

ion

Ad

min

istr

atio

nS

ervi

ces

TO

TA

LT

OT

AL

(1)

Alb

erta

Edu

catio

n2,

039,

204

$

39

,011

,259

$

7,07

8,67

1$

4,99

9,72

2$

2,36

0,37

4$

451,

034

$

55,9

40,2

64$

58

,771

,318

$

(2)

Oth

er -

Gov

ernm

ent o

f Alb

erta

-$

87

,272

$

39,5

80$

-

$

-$

48

0,63

9$

60

7,49

1$

57

4,12

2$

(3

)F

eder

al G

over

nmen

t and

Firs

t Nat

ions

-$

55

4,81

3$

-

$

-$

-

$

-$

55

4,81

3$

27

8,23

8$

(4

)O

ther

Alb

erta

sch

ool a

utho

ritie

s-

$

825

$

-$

-

$

-$

-

$

825

$

16,3

89$

(5)

Out

of p

rovi

nce

auth

oriti

es-

$

-$

-

$

-$

-

$

-$

-

$

150,

377

$

(6)

Alb

erta

mun

icip

aliti

es-s

peci

al ta

x le

vies

-$

-

$

-$

-

$

-$

-

$

-$

-

$

(7)

Pro

pert

y ta

xes

-$

-

$

-$

-

$

-$

-

$

-$

-

$

(8)

Fee

s12

6,53

6$

1,

192,

581

$

-

$

-$

1,

319,

117

$

1,

446,

455

$

(9)

Oth

er s

ales

and

ser

vice

s32

0$

37

3,12

3$

42

,339

$

701

$

18,8

17$

2,

757

$

43

8,05

7$

66

9,29

8$

(1

0)In

vest

men

t inc

ome

-$

32

6$

46

,249

$

-$

30

,564

$

-$

77

,139

$

67,6

34$

(11)

Gift

s an

d do

natio

ns-

$

325,

715

$

-$

12

,074

$

15,2

34$

35

3,02

3$

31

3,22

9$

(12)

Ren

tal o

f fac

ilitie

s-

$

29,4

90$

-

$

-$

-

$

29,4

90$

26

,724

$

(13)

Fun

drai

sing

-$

57

0,98

0$

-

$

-$

-

$

-$

57

0,98

0$

69

3,71

6$

(14)

Gai

ns o

n di

spos

al o

f tan

gibl

e ca

pita

l ass

ets

-$

-

$

-$

-

$

-$

-

$

-$

5,

596

$

(1

5)O

ther

rev

enue

-$

54

,286

$

43,6

29$

-

$

-$

10

4,76

6$

20

2,68

1$

82

4,75

9$

(16)

TO

TA

L R

EV

EN

UE

S2,

166,

060

$

42

,200

,670

$

7,25

0,46

8$

5,00

0,42

3$

2,42

1,82

9$

1,05

4,43

0$

60,0

93,8

80$

63

,837

,855

$

EX

PE

NS

ES

(17)

Cer

tific

ated

sal

arie

s1,

031,

950

$

24

,450

,384

$

371,

457

$

-$

25

,853

,791

$

27,1

09,8

85$

(18)

Cer

tific

ated

ben

efits

530,

765

$

5,29

1,45

4$

37,8

50$

-

$

5,86

0,06

9$

6,27

4,90

2$

(19)

Non

-cer

tific

ated

sal

arie

s an

d w

ages

11

9,49

1$

5,

263,

908

$

1,

898,

842

$

1,

619,

977

$

92

0,04

9$

73

5,12

7$

10

,557

,394

$

12,1

17,0

19$

(2

0)N

on-c

ertif

icat

ed b

enef

its11

0,45

9$

1,

252,

710

$

49

7,27

4$

24

0,26

0$

22

8,92

9$

17

2,17

9$

2,

501,

811

$

2,

957,

064

$

(21)

SU

B -

TO

TA

L1,

792,

665

$

36

,258

,456

$

2,39

6,11

6$

1,86

0,23

7$

1,55

8,28

5$

907,

306

$

44,7

73,0

65$

48

,458

,870

$

(22)

Ser

vice

s, c

ontr

acts

and

sup

plie

s22

0,25

9$

4,

885,

426

$

2,

901,

529

$

2,

645,

586

$

74

9,70

5$

12

4,44

7$

11

,526

,952

$

13,1

18,9

42$

(23)

Am

ortiz

atio

n of

sup

port

ed ta

ngib

le c

apita

l ass

ets

-$

10

4,70

3$

1,

969,

758

$

-

$

-$

-

$

2,07

4,46

1$

2,15

3,51

6$

(24)

Am

ortiz

atio

n of

uns

uppo

rted

tang

ible

cap

ital a

sset

s-

$

201,

947

$

147,

901

$

411,

895

$

52,9

44$

-

$

814,

687

$

753,

091

$

(25)

Sup

port

ed in

tere

st o

n ca

pita

l deb

t-

$

-$

39

,580

$

-$

-

$

39,5

80$

54

,659

$

(26)

Uns

uppo

rted

inte

rest

on

capi

tal d

ebt

-$

-

$

-$

-

$

-$

-

$

-$

-

$

(27)

Oth

er in

tere

st a

nd fi

nanc

e ch

arge

s-

$

2,03

4$

-$

-

$

1,79

7$

-$

3,

831

$

1,

874

$

(28)

Loss

es o

n di

spos

al o

f tan

gibl

e ca

pita

l ass

ets

-$

-

$

-$

-

$

-$

-

$

-$

-

$

(29)

Oth

er e

xpen

se-

$

-$

-

$

-$

-

$

-$

-

$

1,98

3$

(30)

TO

TA

L E

XP

EN

SE

S2,

012,

924

$

41

,452

,566

$

7,45

4,88

4$

4,91

7,71

8$

2,36

2,73

1$

1,03

1,75

3$

59,2

32,5

76$

64

,542

,935

$

(31)

153,

136

$

748,

104

$

(204

,416

)$

82,7

05$

59

,098

$

22,6

77$

86

1,30

4$

(7

05,0

80)

$

O

PE

RA

TIN

G S

UR

PL

US

(D

EF

ICIT

)

SC

HE

DU

LE

OF

PR

OG

RA

M O

PE

RA

TIO

NS

for

the

Yea

r E

nd

ed A

ug

ust

31,

201

7 (in

dol

lars

)

2017

Inst

ruct

ion

12

SC

HE

DU

LE

4S

cho

ol J

uri

sdic

tio

n C

od

e:13

25

Exp

ense

d IM

R,

Un

sup

po

rted

2017

2016

TO

TA

L

Uti

litie

s M

od

ula

r U

nit

Am

ort

izat

ion

S

up

po

rted

TO

TA

LO

per

atio

ns

and

EX

PE

NS

ES

Cu

sto

dia

lM

ain

ten

ance

and

Rel

oca

tio

ns

&&

Oth

er

Cap

ital

& D

ebt

Op

erat

ion

s an

dM

ain

ten

ance

Tel

eco

mm

.L

ease

Pay

men

tsE

xpen

ses

Ser

vice

sM

ain

ten

ance

Un

cert

ific

ated

sal

arie

s an

d w

ages

1,

342,

094

$

207,

295

$

-

$

19

9,94

0$

149,

513

$

1,

898,

842

$

2,07

6,39

1$

Un

cert

ific

ated

ben

efit

s36

0,75

5$

100,

318

$

-

$

-

$

36

,201

$

497,

274

$

54

4,00

2$

Su

b-t

ota

l Rem

un

erat

ion

1,70

2,84

9$

30

7,61

3$

-$

199,

940

$

18

5,71

4$

2,39

6,11

6$

2,

620,

393

$

Su

pp

lies

and

ser

vice

s12

8,91

9$

307,

061

$

-

$

81

1,52

3$

-$

1,24

7,50

3$

2,

714,

165

$

Ele

ctri

city

666,

814

$

66

6,81

4$

649,

368

$

Nat

ura

l gas

/hea

tin

g f

uel

358,

367

$

35

8,36

7$

301,

271

$

Sew

er a

nd

wat

er21

4,38

5$

214,

385

$

17

9,93

7$

Tel

eco

mm

un

icat

ion

s9,

401

$

9,

401

$

10

,340

$

Insu

ran

ce23

0,05

6$

230,

056

$

20

8,59

4$

AS

AP

mai

nte

nan

ce &

ren

ewal

pay

men

ts-

$

-

$

-

$

Am

ort

izat

ion

of

tan

gib

le c

apit

al a

sset

s

Sup

port

ed1,

969,

758

$

1,96

9,75

8$

1,

970,

189

$

Uns

uppo

rted

147,

901

$

14

7,90

1$

190,

037

$

To

tal A

mo

rtiz

atio

n14

7,90

1$

1,96

9,75

8$

2,

117,

659

$

2,16

0,22

6$

Inte

rest

on

cap

ital

deb

t

Sup

port

ed39

,580

$

39,5

80$

54

,659

$

Uns

uppo

rted

-$

-$

Leas

e pa

ymen

ts f

or f

acili

ties

175,

003

$

17

5,00

3$

201,

937

$

Oth

er in

tere

st c

har

ges

-$

-$

-$

Lo

sses

on

dis

po

sal o

f ca

pit

al a

sset

s-

$

-

$

-

$

TO

TA

L E

XP

EN

SE

S1,

831,

768

$

614,

674

$

1,

248,

967

$

1,18

6,46

6$

41

5,77

0$

147,

901

$

2,

009,

338

$

7,45

4,88

4$

9,

100,

890

$

Sch

ool b

uild

ings

6,50

5.0

6,50

5.0

Non

sch

ool b

uild

ings

5,49

7.0

5,49

7.0

All

expe

nses

rel

ated

to

activ

ities

und

erta

ken

to k

eep

the

scho

ol e

nviro

nmen

t an

d m

aint

enan

ce s

hops

cle

an a

nd s

afe.

All

expe

nses

ass

ocia

ted

with

the

rep

air,

rep

lace

men

t, e

nhan

cem

ent

and

min

or c

onst

ruct

ion

of b

uild

ings

, gr

ound

s an

d eq

uipm

ent

com

pone

nts.

T

his

incl

udes

reg

ular

and

pre

vent

ativ

e

mai

nten

ance

und

erta

ken

to e

nsur

e co

mpo

nent

s re

ach

or e

xcee

d th

eir

life

cycl

e an

d th

e re

pair

of b

roke

n co

mpo

nent

s.

Mai

nten

ance

exp

ense

s ex

clud

e op

erat

iona

l cos

ts r

elat

ed t

o

expe

nsed

IMR

& M

odul

ar U

nit

relo

catio

ns,

as t

hey

are

repo

rted

on

sepa

rate

ly.

All

expe

nses

rel

ated

to

elec

tric

ity,

natu

ral g

as a

nd o

ther

hea

ting

fuel

s, s

ewer

and

wat

er a

nd a

ll fo

rms

of t

elec

omm

unic

atio

ns.

All

oper

atio

nal e

xpen

ses

asso

ciat

ed w

ith n

on-c

apita

lized

Infr

astr

uctu

re M

aint

enan

ce R

enew

al

proj

ect

s, m

odul

ar u

nit

(por

tabl

e) r

eloc

atio

n, a

nd p

aym

ents

on

leas

ed f

acili

ties.

All

expe

nses

rel

ated

to

the

adm

inis

trat

ion

of o

pera

tions

and

mai

nten

ance

incl

udin

g (b

ut n

ot li

mite

d to

) co

ntra

ct a

dmin

istr

atio

n,

cler

ical

fun

ctio

ns,

nego

tiatio

ns,

supe

rvis

ion

of e

mpl

oyee

s

& c

ontr

acto

rs,

scho

ol f

acili

ty p

lann

ing

& p

roje

ct 'a

dmin

istr

atio

n',

adm

inis

trat

ion

of jo

int-

use

agre

emen

ts,

and

all e

xpen

ses

rela

ted

to e

nsur

ing

com

plia

nce

with

hea

lth a

nd s

afet

y st

anda

rds,

code

s an

d go

vern

men

t re

gula

tions

.

All

expe

nses

rel

ated

to

unsu

ppor

ted

capi

tal a

sset

s am

ortiz

atio

n an

d in

tere

st o

n un

supp

orte

d ca

pita

l deb

t.

All

expe

nses

rel

ated

to

supp

orte

d ca

pita

l ass

ets

amor

tizat

ion

and

inte

rest

on

supp

orte

d ca

pita

l deb

t.S

up

po

rted

Cap

ital

& D

ebt

Ser

vice

s:

Fac

ility

Pla

nn

ing

& O

per

atio

ns

Ad

min

istr

atio

n:

Exp

ense

d IM

R &

Mo

du

lar

Un

it R

elo

cati

on

& L

ease

Pm

ts:

Uti

litie

s &

Tel

eco

mm

un

icat

ion

s:

Mai

nte

nan

ce:

Un

sup

po

rted

Am

ort

izat

ion

& O

ther

Exp

ense

s:

SQ

UA

RE

ME

TR

ES

SC

HE

DU

LE

OF

PL

AN

T O

PE

RA

TIO

NS

AN

D M

AIN

TE

NA

NC

E E

XP

EN

SE

Sfo

r th

e Y

ear

En

ded

Au

gu

st 3

1, 2

017

(in

do

llars

)

Fac

ility

Pla

nn

ing

&

Op

erat

ion

s A

dm

inis

trat

ion

Cu

sto

dia

l:

No

te:

13

SCHEDULE 5 School Jurisdiction Code: 1325

Cash & Cash Equivalents 2016

Average Effective

(Market) Yield Cost Amortized Cost Amortized Cost

Cash 1% $ 6,472,839 $ 6,472,839 $ 5,334,452

Cash equivalents

Government of Canada, direct and guaranteed 0.00% - - -

Provincial, direct and guaranteed 0.00% - - -

Corporate 0.00% - - -

Municipal 0.00% - - -

Pooled investment funds 0.00% - - -

Other, including GIC's 0.00% - - -

Total cash and cash equivalents 0.00% $ 6,472,839 $ 6,472,839 $ 5,334,452

See Note 3 for additional detail.

Portfolio Investments 2016

Average Effective

(Market) Yield Cost Fair Value Balance Balance

Long term deposits 0.00% $ - $ - $ - $ -

Guaranteed investment certificates 0.00% - - - -

Fixed income securities

Government of Canada, direct and guaranteed 0.00% $ - $ - $ - $ -

Provincial, direct and guaranteed 0.00% - - - -

Municipal 0.00% - - - -

Corporate 0.00% - - - -

Pooled investment funds 0.00% - - - -

Total fixed income securities 0.00% - - - -

Equities

Canadian 0.00% $ - $ - $ - $ -

Foreign 0.00% - - - -

Total equities 0.00% - - - -

Supplemental integrated pension plan assets 0.00% $ - $ - $ - $ -

Restricted investments 0.00% - - - -

Other (Specify) 0.00% - - - -

Other (Specify) 0.00% - - - -

Total portfolio investments 0.00% $ - $ - $ - $ -

See Note 5 for additional detail.

The following represents the maturity structure for portfolio investments based on principal amount:

2017 2016

Under 1 year 100.0% 100.0%

1 to 5 years 0.0% 0.0%

6 to 10 years 0.0% 0.0%

11 to 20 years 0.0% 0.0%

Over 20 years 0.0% 0.0%

100.0% 100.0%

2017

2017

SCHEDULE OF CASH, CASH EQUIVALENTS, AND PORTFOLIO INVESTMENTSfor the Year Ended August 31, 2017 (in dollars)

14

SC

HE

DU

LE

6S

cho

ol J

uri

sdic

tio

n C

od

e:13

25

Tan

gib

le C

apit

al A

sset

s20

16

Est

imat

ed u

sefu

l life

25-5

0 Y

ears

5-10

Yea

rs5-

10 Y

ears

3-5

Yea

rsH

isto

rica

l co

st

Beg

inni

ng o

f yea

r $

2,0

48,3

67

$

-

$

85

,373

,513

$

4,2

05,1

06

$

7

,338

,502

$

1,5

23,2

01

$

100

,488

,689

$

99,

270,

110

P

rior

perio

d ad

just

men

ts

-

-

-

-

-

-

-

-

A

dditi

ons

-

-

345

,165

96,

984

626

,671

-

1,0

68,8

20

2,6

04,6

82

T

rans

fers

in (

out)

-

-

-

-

-

-

-

-

Less

dis

posa

ls in

clud

ing

writ

e-of

fs

-

-

(5

15,5

40)

(327

,307

)

-

(4

84,0

27)

(1

,326

,874

)

(

1,38

6,10

3)H

isto

rical

cos

t, A

ugus

t 31,

201

7 $

2,0

48,3

67

$

-

$

85

,203

,138

$

3,9

74,7

83

$

7

,965

,173

$

1,0

39,1

74

$

100

,230

,635

$

100,

488,

689

Acc

um

ula

ted

am

ort

izat

ion

B

egin

ning

of y

ear

$

-

$

-

$

38

,041

,544

$

3,1

10,3

46

$

4

,925

,814

$

1,5

18,3

87

$

47

,596

,091

$

46,

075,

587

P

rior

perio

d ad

just

men

ts

-

-

-

-

-

-

-

-

A

mor

tizat

ion

-

-

2

,117

,419

2

68,8

67

498

,048

4,

814

2

,889

,148

2

,906

,607

Oth

er a

dditi

ons

-

-

-

-

-

-

-

-

Tra

nsfe

rs in

(ou

t)

-

-

-

-

-

-

-

-

Le

ss d

ispo

sals

incl

udin

g w

rite-

offs

-

-

(515

,540

)

(3

27,3

07)

-

(484

,027

)

(1,3

26,8

74)

(1,

386,

103)

Acc

umul

ated

am

ortiz

atio

n, A

ugus

t 31,

201

7 $

-

$

-

$

39,6

43,4

23

$

3

,051

,906

$

5,4

23,8

62

$

1

,039

,174

$

49,1

58,3

65

$

4

7,59

6,09

1

Net

Bo

ok

Val

ue

at A

ug

ust

31,

201

7 $

2,0

48,3

67

$

-

$

45

,559

,715

$

9

22,8

77

$

2

,541

,311

$

-

$

51,0

72,2

70

Net

Bo

ok

Val

ue

at A

ug

ust

31,

201

6 $

2,0

48,3

67

$

-

$

47

,331

,969

$

1,0

94,7

60

$

2

,412

,688

$

4,

814

$

5

2,89

2,59

8

2017

2016

$

-

$

-

$

-

$

-

To

tal

To

tal

Tot

al a

mor

tizat

ion

of a

sset

s un

der

capi

tal l

ease

SC

HE

DU

LE

OF

CA

PIT

AL

AS

SE

TS

for

the

Yea

r E

nd

ed A

ug

ust

31,

201

7 (i

n d

olla

rs)

2017

Lan

dC

on

stru

ctio

n In

P

rog

ress

Bu

ildin

gs

Eq

uip

men

tV

ehic

les

Co

mp

ute

r H

ard

war

e &

S

oft

war

e

Tot

al c

ost o

f ass

ets

unde

r ca

pita

l lea

se

15

SC

HE

DU

LE

7S

cho

ol J

uri

sdic

tio

n C

od

e:13

25

Negotiated

Performan

ceOther Accrued

Board Mem

bers:

FTE

Remun

eration

Bene

fits

Allowan

ces

Bonu

ses

Unp

aid Be

nefits

Expe

nses

Hic

kman

, Rus

sell

1.00

$19,

246

$4,0

21$0

$0$8

,293

Mol

chan

ko, H

eath

er

1.00

$19,

329

$4,0

04$0

$0$1

0,83

7

Het

herin

gton

, Hei

di1.

00

$1

3,16

7$3

,805

$0$0

$5,0

95

Sco

tt, D

aryl

1.

00

$2

1,45

8$4

,118

$0$0

$16,

105

Tho

mps

on, G

ary

1.00

$18,

956

$1,2

54$0

$0$1

2,16

2

Try

on, M

ae

1.00

$23,

681

$1,9

51$0

$0$1

5,92

1

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

-

$0

$0$0

$0$0

Su

bto

tal

6.00

$1

15,8

37$1

9,15

3$0

$0$6

8,41

3

Vol

kman

, Bra

d, S

uper

inte

nden

t1.

00

$1

91,1

67$4

4,33

6$4

,200

$0$0

$0$1

1,89

9

Azi

m, M

oham

med

, Sec

reta

ry T

reas

urer

1.00

$153

,000

$35,

471

$0$0

$0$0

$5,8

35

$0$0

$0$0

$0$0

$0

$0$0

$0$0

$0$0

$0

$0$0

$0$0

$0$0

$0

$0$0

$0$0

$0$0

$0

$0$0

$0$0

$0$0

$0

$0$0

$0$0

$0$0

$0

Cer

tific

ated

teac

hers

263.

00

$2

5,66

2,62

4$5

,811

,533

$0$0

$0$0

Non

-cer

tific

ated

- o

ther

253.

70

$1

0,28

8,55

7$2

,447

,188

$0$0

$0$0

TO

TA

LS

524.

70

$3

6,41

1,18

5$8

,357

,681

$4,2

00$0

$0$0

$86,

147

ERIP's / Other Paid

SC

HE

DU

LE

OF

RE

MU

NE

RA

TIO

N A

ND

MO

NE

TA

RY

INC

EN

TIV

ES

for

the

Yea

r E

nd

ed A

ug

ust

31,

201

7 (i

n d

olla

rs)

16

WILD ROSE SCHOOL DIVISION NO. 66


FOR THE YEAR ENDED AUGUST 31, 2017

1

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 is exempt under the Income Tax Act. The jurisdiction receives funding for instruction and support under Education Grants Regulation (AR 120/2008). 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 the CPA Canada public sector accounting standards (PSAS) without reference to Government Not-for-Profit provisions. 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: a) Cash and Cash Equivalents

Cash and cash equivalents include cash and investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of change in value. These short-term investments have a maturity of three months or less at acquisition and are held for the purpose of meeting short-term cash commitments rather than for investing.

b) Accounts Receivable Accounts receivable are shown net of allowance for doubtful accounts.

c) Tangible capital assets The following criteria applies:

Tangible capital assets acquired or constructed are recorded at cost which includes amounts that are directly related to the acquisition, design, construction, development, improvement or betterment of the asset. Cost also includes overhead directly attributable to construction as well as interest costs that are directly attributable to the acquisition or construction of the asset.

Donated tangible capital assets are recorded at their fair market value at the date of donation, except in circumstances where fair value cannot be reasonably determined, when they are then recognized at nominal value. Transfers of tangible capital assets from related parties are recorded at original cost less accumulated amortization.

Work-in-progress is recorded as an acquisition to the applicable asset class at substantial completion.

Buildings include land, site and leasehold improvements. Sites and buildings are written down to residual value when conditions indicate they no

longer contribute to the ability of the School Division to provide services or when the value of future economic benefits associated with the sites and buildings are less than their net book value. For supported assets, the write-downs are accounted for as reductions to Expended Deferred Capital Revenue.

Buildings that are demolished or destroyed are written-off.




2

c) Tangible capital assets – Continued

Tangible capital assets with costs in excess of $5,000 are capitalized. Furniture and equipment purchases relating to a new school or school modernization are capitalized.

Tangible capital assets are amortized over their estimated useful lives on a straight-line

basis, at the following rates:

Buildings 2.5% to 4% Vehicles & Buses 10% to 20% Computer Hardware & Software 20%to 25% Other Equipment & Furnishings 10% to 20%

d) Deferred Revenue

Deferred revenue includes contributions received for operations which have stipulations that meet the definition of a liability per Public Sector Accounting Standard PS 3200. These contributions are recognized by the School Division once it has met all eligibility criteria to receive the contributions. When stipulations are met, deferred revenue is recognized as revenue in the fiscal year in a manner consistent with the circumstances and evidence used to support the initial recognition of the contributions received as a liability Deferred revenue also include contributions for capital expenditures, unexpended and expended:

Unexpended Deferred Capital Revenue Unexpended Deferred Capital Revenue represent externally restricted supported capital funds provided for a specific capital purpose received or receivable by the jurisdiction, but the related expenditure has not been made at year-end. These contributions must also have stipulations that meet the definition of a liability per PS 3200 when expended.

Expended Deferred Capital Revenue Expended Deferred Capital Revenue 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. Amortization over the useful life of the related capital asset is due to certain stipulations related to the contributions that require that the school jurisdiction to use the asset in a prescribed manner over the life of the associated asset.

e) Employee Future Benefits

The School Division provides certain post-employment benefits including vested and non-vested benefits for certain employees pursuant to certain contracts and union agreements. The School Division accrues its obligations and related costs including both vested and non-vested benefits under employee future benefit plans. Benefits include vested or accumulating sick leave, early retirement, retirement/severance, job-training and counseling, post-employment benefit continuation, vacation, overtime, and various qualifying compensated absences and non-vested sick leave. The future benefits cost is determined using management’s best estimate of expected salary escalation, benefit usage, termination and retirement rates and mortality.




3

f) Liability for Contaminated Sites

In June 2010, the Public Sector Accounting Board issued this accounting standard effective for fiscal years starting on or after April 1, 2016. Contaminated sites are a result of contamination being introduced into the air, soil, water, or sediment of a chemical, organic, or radioactive material, or live organism that exceeds an environmental standard. The School District adopted this accounting standard retroactively as of April 1, 2016. As of August 31 the School Division has determined that they do not have any recognizable liability for contaminated sites as all known incidents are associated with buildings currently in productive use.

g) Asset Retirement Obligations Liabilities are recognized for statutory, contractual or legal obligations associated with the retirement of tangible capital assets when those obligations result from the acquisition, construction, development or normal operation of the assets. The obligations are measured initially at fair value, determined using present value methodology, and the resulting costs are capitalized into the carrying amount of the related asset. In subsequent periods, the liability is adjusted for the accretion of discount and any changes in the amount or timing of the underlying future cash flows. The School Division has determined that it has a conditional asset retirement obligation relating to certain school sites. These obligations will be discharged in the future by funding through the Alberta Government. The School Division believes that there is insufficient information to estimate the fair value of the asset retirement obligation because the settlement date or the range of potential settlement dates has not been determined and information is not available to apply an expected present value technique.

h) Other Non-Financial Assets Inventories are recorded at the lower of cost or replacement cost.

i) Operating and Capital Reserves Certain amounts are internally or externally restricted for future operating or capital purposes. Transfers to and from reserves are recorded when approved by the Board of Trustees. Capital reserves are restricted to capital purposes and may only be used for operating purposes with approval by the Minister of Education. Reserves are disclosed in the Schedule of Changes in Accumulated Surplus.

j) Revenue Recognition Revenues are recorded on an accrual basis. 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. 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. Contributed services are not recognized in the financial statements.




4

j) Revenue Recognition - Continued

Eligibility criteria are criteria that the School Division has to meet in order to receive certain contributions. Stipulations describe what the School Division must perform in order to keep the contributions. Contributions without eligibility criteria or stipulations are recognized as revenue when the contributions are authorized by the transferring government or entity. Contributions with eligibility criteria but without stipulations are recognized as revenue when the contributions are authorized by the transferring government or entity and all eligibility criteria have been met. Contributions with stipulations are recognized as revenue in the period the stipulations are met, except when and to the extent that the contributions give rise to an obligation that meets the definition of a liability in accordance with Section PS 3200. Such liabilities are recorded as deferred revenue. The following items fall under this category:

Non-capital contributions for specific purposes are recorded as deferred revenue and recognized as revenue in the year the stipulated related expenses are incurred;

Unexpended Deferred Capital Revenue; or Expended Deferred Capital Revenue.

k) Expenses

Expenses are reported on an accrual basis. The cost of all goods consumed and services received during the year is expensed. Allocation of Costs:

Actual salaries of personnel assigned to two or more programs are allocated based on the time spent in each program.

Employee benefits and allowances are allocated to the same programs, and in the same proportions, as the individual’s salary.

Supplies and services are allocated based on actual program identification.

l) Pensions Pension costs included in these statements comprise the cost of employer contributions for current service of employees during the year. The current and past service costs of the Alberta Teachers Retirement Fund are met by contributions by active members and the Government of Alberta. Under the terms of the Teachers Pension Plan Act, the Wild Rose School Division does not make pension contributions for certificated staff. The Government portion of the current service contribution to the Alberta Teachers Retirement Fund on behalf of the jurisdiction is included in both revenues and expenses. For the school year ended August 31, 2017, the amount contributed by the Government was $2,984,033 (2016 - $3,231,318). The School Division participates in a multi-employer pension plan, the 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 $969,496 for the year ended August 31, 2017 (2016 $1,173,535). At December 31, 2016, the Local Authorities Pension Plan reported an actuarial deficiency of $637,357,000 (2015 deficiency of $923,416,000).




5

m) Program Reporting

The Division’s operations have been segmented as follows:

ECS Instruction: The provision of Early Childhood Services education instructional services that fall under the basic public education mandate.

Grade 1 - 12 Instruction: The provision of instructional services for grades 1 - 12 that fall under the basic public education mandate.

Plant Operations and Maintenance: The operation and maintenance of all school

buildings and maintenance shop facilities. Transportation: The provision of regular and special education bus services (to and from

school), whether contracted or board operated, including transportation facility expenses. Board & System Administration: The provision of board governance and system-based /

central office administration. External Services: All projects, activities, and services offered outside the public education

mandate for ECS children and students in grades 1-12. Services offered beyond the mandate for public education are to be self-supporting, and Alberta Education funding may not be utilized to support these programs.

The allocation of revenues and expenses are reported by program, source, and object on the Schedule of Program Operations. Respective instruction expenses include the cost of certificated teachers, non-certificated teaching assistants as well as a proportionate share of supplies & services, school administration & instruction support, and System Instructional Support.

n) Trusts Under Administration The School Division has property that has been transferred or assigned to it to be administered or directed by a trust agreement or statute. The Division holds title to the property for the benefit of the beneficiary. Trusts under administration have been excluded from the financial reporting of the Division. Trust balances can be found in Note 15.

o) Financial Instruments A contract establishing a financial instrument creates, at its inception, rights and obligations to receive or deliver economic benefits. The financial assets and financial liabilities portray these rights and obligations in the financial statements. The School District recognizes a financial instrument when it becomes a party to a financial instrument contract. Financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, employee future benefit liabilities, debt and other liabilities. Unless otherwise noted, it is management’s opinion that the School Division is not exposed to significant credit and liquidity risks, or market risk, which includes currency, interest rate and other price risks.




6

p) Measurement Uncertainty

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. Significant areas requiring the use of management estimates relate to the potential impairment of assets, rates for amortization and estimated employee future benefits.

q) Future Accounting Changes The Public Sector Accounting Board has issued the following accounting standards: PS 2200 Related Party Disclosures and PS 3420 Inter-Entity Transactions

(effective April 1, 2017)

PS 2200 defines a related party and establishes disclosures required for related party transactions. PS 3420 establishes standards on how to account for and report transactions between public sector entities that comprise a government’s reporting entity from both a provider and recipient perspective.

PS 3210 Assets, PS 3320 Contingent Assets and PS 3380 Contractual Rights (effective

April 1, 2017) PS 3210 provides guidance for applying the definition of assets set out in FINANCIAL STATEMENT CONCEPTS, Section PS 1000, and establishes general disclosure standards for assets; PS 3320 defines and establishes disclosure standards on contingent assets; and PS 3380 defines and establishes disclosure standards on contractual rights.

PS 3430 Restructuring Transactions (effective April 1, 2018)

This standard provides guidance on how to account for and report restructuring transactions by both transferors and recipients of assets and/or liabilities, together with related program or operating responsibilities.

PS 3450 Financial Instruments (effective April 1, 2019)

Adoption of this standard requires corresponding adoption of PS 2601 Foreign Currency Translation, PS 1201 Financial Statement Presentation, and PS 3401 Portfolio Investments in the same fiscal period. These standards provide guidance on: recognition, measurement and disclosure of financial instruments; standards on how to account for and report transactions that are denominated in a foreign currency; general reporting principles and standards for the disclosure of information in financial statements; and how to account for and report portfolio investments.

Management is currently assessing the impact of these standards on the financial statements. These financial statements have not adopted the future accounting changes for the year ended August 31, 2017.




7

3. CASH AND CASH EQUIVALENTS

Included in cash and cash equivalents is restricted cash of $778,330 (2016 – $765,167) related to school generated funds held at the school level that is not available for general division use.

4. ACCOUNTS RECEIVABLE

2016

Gross Amount

Allowance for Doubtful Accounts

Net Realizable

Value

Net Realizable

Value

Alberta Education - Grants -$ -$ -$ 35,719$

Alberta Education - Capital 80,049 - 80,049 80,049

Alberta Finance - Supported debentures 379,501 - 379,501 577,062

Other Alberta school jurisdictions 109,051 - 109,051 52,776

Alberta Health Services 44,373 - 44,373 32,876

Federal government 216,645 - 216,645 179,007

Municipalities - - - -

Insurance receivables 135,870 - 135,870 788,097

Other 91,678 - 91,678 42,544

Total 1,057,167$ -$ 1,057,167$ 1,788,130$

2017

5. BANK INDEBTEDNESS

The jurisdiction has entered into a credit card agreement up to a total of $200,000. Minor balances outstanding on these cards at August 31, 2017 are included in accounts payable.

6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

2017 2016

Alberta Education 25,373$ -$

Other Alberta school jurisdictions 1,755 1,685

Alberta Capital Finance Authority (Interest on long-term debt) 20,015 28,671

Post-secondary institutions - 9,669

Salaries & benefit costs 1,658,607 1,315,171

Other trade payables and accrued liabilities 331,574 1,352,607

Total 2,037,324$ 2,707,803$




8

7. DEFERRED REVENUE

8. EMPLOYEE FUTURE BENEFIT LIABILITIES

Employee future benefit liabilities consist of the following:

2017 2016

Vacation accrual liability 223,031$ 374,393$

Post-employment benefits 8,400 4,200

Total 231,431$ 378,593$

9. DEBT

2017 2016

Debentures outstanding at August 31, 2017 have interest rates between 8.0% and 9.875%. The Debentures are due over 25 years, with payments made annually supported by Alberta Finance.

Total 379,501$ 548,391$

Debenture Debt – Supported Debenture payments due over the next five years and beyond are:

Principal Interest Total

2017-2018 168,891$ 33,538$ 202,429$

2018-2019 158,491 18,841 177,332

2019-2020 52,119 5,106 57,225

2020-2021 - - -

2021 to maturity - - -

Total 379,501$ 57,485$ 436,986$

DEFERRED ADD: DEDUCT: ADD (DEDUCT):SOURCE AND GRANT OR FUND TYPE REVENUE 2016/2017 2016/2017 2016/2017 DEFERRED

as at Restricted Funds Restricted Funds Adjustments REVENUEAug. 31, 2016 Received/ Expended for Returned as at

Receivable (Paid / Payable) Funds Aug. 31, 2017

Unexpended deferred operating revenue

Alberta Education:

Infrastructure Maintenance Renew al 527,095$ 1,480,784$ (920,313)$ -$ 1,087,566$

CTS Bridging 43,000 - (43,000) - -

Other Alberta Education Kooteney Funding - - - - -

Other Government of Alberta:

AIM for Success - 2,683 - - 2,683

Other Deferred Revenue:

School Generated Funds 121,467 162,414 (121,467) - 162,414

Wellnees programs - 80,402 - - 80,402

Donations 59,131 66,660 (59,131) - 66,660

Total unexpended deferred operating revenue 750,693$ 1,792,943$ (1,143,911)$ -$ 1,399,725$

Unexpended deferred capital revenue 107,325$ 55,800$ (76,338)$ -$ 86,787$

Expended deferred capital revenue 46,208,137 76,338 (2,074,461) - 44,210,014

Total 47,066,155$ 1,925,081$ (3,294,710)$ -$ 45,696,526$




9

10. PREPAID EXPENSES

2017 2016

Prepaid insurance 127,581$ 127,662$

Software Licenses & Technology 229,376 179,022

Learning Resources & Other 91,311 181,296

Total 448,268$ 487,980$

11. OTHER NON-FINANCIAL ASSETS

2017 2016

Inventories 78,871$ 121,112$ 12. ACCUMULATED SURPLUS:

Detailed information related to accumulated surplus is available on the Schedule of Changes in Accumulated Surplus. Accumulated surplus may be summarized as follows:

2017 2016

Unrestricted surplus 585,722$ -$

Operating reserves 3,007,183 2,859,966

Accumulated surplus (deficit) from operations 3,592,905 2,859,966

Investment in tangible capital assets 6,862,253 6,684,458

Capital reserves 330,000 379,430

Accumulated surplus (deficit) 10,785,158$ 9,923,854$

Accumulated surplus (deficit) from operations (ASO) include school generated funds of $615,916. These funds are raised at school level and are not available to spend at board level. The school jurisdiction’s Adjusted surplus (deficit) from operations is calculated as follows:

2017 2016

Accumulated Surplus (Deficit) from operations 3,592,905$ 2,859,966$

Deduct: School generated funds included in accumulated surplus (Note 7) 615,916 643,699

Accumulated Surplus (Deficit) from operations (1) 2,976,989$ 2,216,267$

(1) Adjusted accumulated surplus (deficit) from operations represents funds available for use by the

school jurisdiction after deducting funds raised at school-level.




10

13. CONTRACTUAL OBLIGATIONS

2017 2016

Service providers 1,830,404$ 1,771,310$

Building leases 58,788 50,371

Total 1,889,192$ 1,821,681$

Estimated payment requirements for each of the next five years and thereafter are as follows:

Service Providers Building

Leases 2017-18 1,678,306$ 50,371$ 2018-19 1,706,001$ 35,496$ 2019-2020 1,742,455$ 35,496$ 2020-2021 1,770,842$ 35,496$ 2021-2022 1,827,386$ 35,496$ Thereafter -$ 35,496$

14. CONTINGENT LIABILITIES

The jurisdiction is a member of the reciprocal insurance exchange ASBIE. Under the terms of its membership, the jurisdiction could become liable for its proportionate share of any claim losses in excess of the funds held by the exchange.

15. TRUSTS UNDER ADMINISTRATION

These balances represent assets that are held in trust by the jurisdiction. They are not recorded on the statements of the Division.

2017 2016

Deferred salary leave plan $ 291,361 $ 218,937

Scholarship trusts 271,783 276,487

Total $ 563,144 $ 495,424




11

16. SCHOOL GENERATED FUNDS

2017 2016

School Generated Funds, Beginning of Year 765,166$ 715,503$

Gross Receipts:

Fees 487,236 614,714

Fundraising 570,980 707,108

Gifts and donations 205,893 216,462

Grants to schools - -

Other sales and services 277,861 221,206

Total gross receipts 1,541,970$ 1,759,490$

Total Related Expenses and Uses of Funds 1,156,168$ 1,310,536$

Total Direct Costs Including Cost of Goods Sold to Raise Funds 372,638 399,291

School Generated Funds, End of Year 778,330$ 765,166$

Balance included in Deferred Revenue 162,414$ 121,467$

Balance included in Accumulated Surplus 615,916$ 643,699$ Various parent groups, including societies and other associations, solicit donations and undertake fundraising activities to provide operating and capital donations to further the objectives of the School Division. The financial information of these groups is not consolidated in these financial statements as the Division has no control or significant influence in any of those entities.




12

17. RELATED PARTY TRANSACTIONS

All entities that are consolidated in the accounts of the Government of Alberta are related parties of school jurisdictions. These include government departments, health authorities, post-secondary institutions and other school jurisdictions in Alberta.

Financial Assets Liabilities

(at cost or net realizable value)

(at amortized cost)

Revenues Expenses

Government of Alberta (GOA):

Education

Accounts receivable / Accounts payable 80,049$ 25,373$ -$ -$ Prepaid expenses / Deferred revenue - 1,087,566 - - Expended deferred capital revenue - 43,435,397 1,976,595 - Grant revenue & expenses - - 53,963,669 -

Other Alberta school jurisdictions 109,051 1,755 113,072 104,958 Treasury Board and Finance (Principal) 379,501 379,501 - - Treasury Board and Finance (Accrued interest) 20,015 - 39,580 - Alberta Health Services 44,373 2,683 263,816 - Post - Secondary Institutions - - 50,021 53,221

Other: Alberta Human Services 200,823 SHIP program - - 50,812 - Alberta Local Authorites Pension Plan Corp - 197,935 - 1,912,599 Alberta Capital Finance Authority (ACFA) - 399,516 - 39,580

TOTAL 2016/2017 632,989$ 45,529,726$ 56,658,388$ 2,110,358$

TOTAL 2015/2016 $ 778,482 $ 46,565,083 $ 59,368,805 $ 1,474,627

Balances Transactions

18. ECONOMIC DEPENDENCE ON RELATED THIRD PARTY

The jurisdiction’s primary source of income is from the Alberta Government. The School Division’s ability to continue viable operations is dependent on this funding.

19. BUDGET AMOUNTS

The budget was prepared by the school jurisdiction and approved by the Board of Trustees on June 21, 2016. It is presented for information purposes only and has not been audited.

Sch

oo

l Ju

risd

icti

on

Co

de:

1325

SC

HE

DU

LE

8

Tra

nsp

ort

atio

n F

ees

$0$0

$0$0

$0

Bas

ic In

stru

ctio

n F

ees

Bas

ic in

stru

ctio

n su

pplie

s$2

68,9

21$2

69,7

43$0

$269

,743

$0

Fee

s to

En

han

ce B

asic

Inst

ruct

ion

Tec

hnol

ogy

user

fees

$0$0

$0$0

$0A

ltern

ativ

e pr

ogra

m fe

es

$0$2

,726

$0$2

,726

$0F

ees

for

optio

nal c

ours

es$1

93,8

04$2

37,8

91$0

$237

,891

$0A

ctiv

ity fe

es$1

8,75

0$7

6,90

5$0

$76,

905

$0E

arly

chi

ldho

od s

ervi

ces

$145

,120

$201

,832

$0$2

01,8

32$0

Oth

er fe

es to

enh

ance

edu

catio

n$0

$31,

056

$0$3

1,05

6$0

$0$0

$0$0

$0$0

$0$0

$0$0

No

n-C

urr

icu

lar

fees

E

xtra

curr

icul

ar fe

es

$530

,000

$487

,236

$0$4

87,2

36$0

Non

-cur

ricul

ar tr

avel

$0$0

$0$0

$0Lu

nch

supe

rvis

ion

and

noo

n ho

ur a

ctiv

ity fe

es$0

$0$0

$0$0

Non

-cur

ricul

ar g

oods

and

ser

vice

s$0

$11,

599

$0$1

1,59

9$0

$0$1

29$0

$129

$0$0

$0$0

$0$0

TO

TA

L F

EE

S$1

,156

,595

$1,3

19,1

17$0

$1,3

19,1

17$0

*Un

exp

end

ed b

alan

ces

can

no

t b

e le

ss t

han

$0

Act

ual

Act

ual

2017

2016

Caf

eter

ia s

ales

, hot

lunc

h, m

ilk p

rogr

ams

$57,

150

$120

,755

Spe

cial

eve

nts,

gra

duat

ion,

tick

ets

$19,

055

$34,

246

Inte

rnat

iona

l and

out

of p

rovi

nce

stud

ent r

even

ue$0

$0S

ales

or

rent

als

of o

ther

sup

plie

s/se

rvic

es (

clot

hing

, age

ndas

, yea

rboo

ks)

$31,

135

$16,

788

Adu

lt ed

ucat

ion

reve

nue

$3,4

50$0

Pre

scho

ol$0

$0C

hild

car

e &

bef

ore

and

afte

r sc

hool

car

e$0

$0Lo

st it

em r

epla

cem

ent f

ee$0

$0$3

,930

$3,6

85$0

$0$0

$0T

OT

AL

$1

14,7

20$1

75,4

74

Oth

er E

nhan

cem

ent f

ees

(des

crib

e)

Oth

er F

ees

-fee

for

cred

it ca

rd p

roce

ssin

gO

ther

Fee

s (d

escr

ibe)

UN

AU

DIT

ED

SC

HE

DU

LE

OF

FE

ES

fo

r th

e Y

ear

En

din

g A

ug

ust

31,

201

7 (in

dol

lars

)

Bu

dg

eted

Fee

R

even

ues

20

16/2

017

Act

ual

Fee

s C

olle

cted

201

6/20

17

Un

exp

end

ed

Bal

ance

at

Sep

tem

ber

1, 2

016*

Act

ual

Fee

E

xpen

dit

ure

s 20

16/2

017

Un

exp

end

ed

Bal

ance

at

Au

gu

st

31, 2

017*

Ple

ase

dis

clo

se a

mo

un

ts p

aid

by

par

ents

of

stu

den

ts t

hat

are

rec

ord

ed a

s "O

ther

sal

es a

nd

ser

vice

s", "

Fu

nd

rais

ing

",

or

"Oth

er r

even

ue"

(ra

ther

th

an f

ee r

even

ue)

:

Ban

d S

uppl

ies

Oth

er (

Des

crib

e)O

ther

(D

escr

ibe)

Oth

er E

nhan

cem

ent f

ees

(des

crib

e)

17

SCHEDULE 9 1325

Funded Students in Program 422 43 82 Federally Funded Students 53 REVENUES

Alberta Education allocated funding 494,613$ 865,081$ 83,645$ 3,431,801$ 845,791$ Other funding allocated by the board to the program 10,010$ -$ -$ 1,044,465$ -$ TOTAL REVENUES 504,623$ 865,081$ 83,645$ 4,476,266$ 845,791$

EXPENSES (Not allocated from BASE, Transportation, or other funding)Instructional certificated salaries & benefits 472,529$ 68,939$ 22,846$ 1,483,724$ Instructional non-certificated salaries & benefits 594,855$ 45,565$ 2,831,483$ SUB TOTAL 472,529$ 663,794$ 68,411$ 4,315,207$ Supplies, contracts and services 32,094$ 201,975$ 7,246$ 109,885$ Program planning, monitoring & evaluation -$ -$ -$ 305,647$ Facilities (required specifically for program area) -$ -$ -$ -$ Administration (administrative salaries & services) -$ -$ -$ -$ Other (please describe) -$ -$ -$ -$ Other (please describe) -$ -$ -$ -$ TOTAL EXPENSES 504,623$ 865,769$ 75,657$ 4,730,739$ NET FUNDING SURPLUS (SHORTFALL) -$ (688)$ 7,988$ (254,473)$

UNAUDITED SCHEDULE OF DIFFERENTIAL FUNDINGfor the Year Ended August 31, 2017 (in dollars)

PROGRAM AREA

First Nations, Metis & Inuit

(FNMI)ECS Program Unit

Funding (PUF)

English as a Second Language

(ESL)Inclusive

Education

Small Schools by Necessity

(Revenue only)

18

Sch

oo

l Ju

risd

icti

on

Co

de:

1325

SC

HE

DU

LE

10

EX

PE

NS

ES

TO

TA

L

Offi

ce o

f the

sup

erin

tend

ent

217,

411

$

23

,055

$

-

$

24

0,46

6$

-$

-$

240,

466

$

Edu

catio

nal a

dmin

istr

atio

n (e

xclu

ding

sup

erin

tend

ent)

-$

-$

-$

-$

660,

838

$

11

9,12

5$

-$

779,

963

$

Bus

ines

s ad

min

istr

atio

n69

5,97

7$

364,

981

$

-

$

1,

060,

958

$

-$

-$

-$

1,06

0,95

8$

Boa

rd g

over

nanc

e (B

oard

of T

rust

ees)

134,

990

$

68

,413

$

-

$

20

3,40

3$

-$

-$

-$

203,

403

$

Info

rmat

ion

tech

nolo

gy-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

Hum

an r

esou

rces

191,

896

$

71

,736

$

-

$

26

3,63

2$

787,

145

$

40

,484

$

-

$

1,

091,

261

$

Cen

tral

pur

chas

ing,

com

mun

icat

ions

, mar

ketin

g72

,938

$

59

,056

$

-

$

13

1,99

4$

-$

-$

-$

131,

994

$

Pay

roll

245,

073

$

-

$

-

$

24

5,07

3$

-$

-$

-$

245,

073

$

Adm

inis

trat

ion

- in

sura

nce

127,

391

$

12

7,39

1$

-$

127,

391

$

Adm

inis

trat

ion

- am

ortiz

atio

n52

,944

$

52

,944

$

-

$

52

,944

$

Adm

inis

trat

ion

- ot

her

(adm

in b

uild

ing,

inte

rest

)36

,870

$

36

,870

$

-

$

36

,870

$

Oth

er (

desc

ribe)

-$

-$

-$

-$

-$

-$

-$

-$

Oth

er (

desc

ribe)

-$

-$

-$

-$

-$

-$

-$

-$

Oth

er (

desc

ribe)

-$

-$

-$

-$

-$

-$

-$

-$

TO

TA

L E

XP

EN

SE

S1,

558,

285

$

587,

241

$

21

7,20

5$

2,36

2,73

1$

1,

447,

983

$

159,

609

$

-

$

3,

970,

323

$

UN

AU

DIT

ED

SC

HE

DU

LE

OF

CE

NT

RA

L A

DM

INIS

TR

AT

ION

EX

PE

NS

ES

for

the

Yea

r E

nd

ed A

ug

ust

31,

201

7 (i

n d

olla

rs)

Oth

erS

up

plie

s &

S

ervi

ces

Sal

arie

s &

B

enef

itsA

lloca

ted

to

Bo

ard

& S

yste

m A

dm

inis

trat

ion

Allo

cate

d t

o O

ther

Pro

gra

ms

TO

TA

LS

alar

ies

&

Ben

efit

sS

up

plie

s &

S

ervi

ces

Oth

er

19

Documents

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED … · Mr. Mohammed Azim November 28, 2017 "Original Signed" "Original Signed" school jurisdiction's transactions. The effectiveness