Alberta public accounts 1993-94. Vol. 4 Financial statements of universities, public colleges, technical institutes and provincially-owned hospitals

284 Pages·1994·15.8 MB·English

by  Alberta. Treasury Department

f
Public Accounts
1993-94
Volume 4
Financial Statements of Universities,
Public Colleges, Technical Institutes and
Provincially-owned Hospitals
V J
Library Use Only
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LIBRIS
UNIVERSITATIS
ALBERT/ENSIS
Public Accounts
1993-94
Volume 4
Financial Statements of Universities,
Public Colleges, Technical Institutes
and Provincially-owned Hospitals
UNIVERSITYLIBRARY
UNiVERSI yOFALBERTI
I
PUBLIC ACCOUNTS 1993-94
PREFACE
ThePublicAccounts ofAlbertaarepreparedinaccordancewiththeprovisions
of section 77 ofthe Financial Administration Act. The Public Accounts are
presentedinfourvolumes.
Volume 1 contains the consolidated financial statements of the Province of
Alberta. The consolidatedfinancial statements includethe accounts ofgovern-
mententitiesincludingtheGeneralRevenueFund,revolvingfunds,theAlberta
HeritageSavingsTrustFundandotherregulatedfunds,mostProvincialagencies
andCrown-controlledcorporations.
Volume2containsthefinancialstatementsoftheGeneralRevenueFund,details
of General Revenue Fund expenditure and revenue by department, financial
statementsofrevolvingfundsandregulatedfunds,andreportsthatarerequired
to be included with the Public Accounts in accordance with the Financial
AdministrationActandotherstatutes,orbydirectionoftheProvincialTreasurer.
Volume 3 containsthe financial statements ofProvincial agencies, commercial
enterprisesandCrown-controlledcorporations.Financialstatementsofsubsidi-
ariesofProvincialagenciesarealsoincludedinVolume3.
This volume contains the flnancial statements of universities, university
foundations, the BanffCentre for Continuing Education, public colleges,
technicalinstitutes,theAlbertaHeritageFoundationforMedicalResearch,
Provincial general hospitals, mental health hospitals, the Alberta Cancer
Board,theUniversityHospitalsBoard,andtheirsubsidiaries.
Digitized by the Internet Archive
in 2017 with funding from
University of Alberta Libraries
https://archive.org/details/albertapublicacc04albe
1993-94
PUBLIC ACCOUNTS
FINANCIAL STATEMENTS OF UNIVERSITIES,
PUBLIC COLLEGES, TECHNICAL INSTITUTES
AND PROVINCIALLY-OWNEDHOSPITALS
Contents: Page
Introduction 3
AdvancedEducationandCareerDevelopment:
AlbertaCollegeofArt 4
AlbertaMicroelectronicCentre 10
TheArcticInstituteofNorthAmerica 14
AthabascaUniversity 21
AthabascaUniversityDevelopmentInstitute 31
AthabascaUniversityFoundation 33
TheBanffCentreforContinuingEducation 36
FairviewCollege 44
GrandePrairieRegionalCollege 53
GrantMacEwanCommunityCollege 60
KeyanoCollege 68
LakelandCollege 76
TheLaserInstitute 83
LethbridgeCommunityCollege 87
MedicineHatCollege 97
MountRoyalCollege 104
NorthernAlbertaInstituteofTechnology 112
OldsCollege 120
PublicCollegesFoundationofAlberta 128
RedDeerCollege 131
SouthernAlbertaInstituteofTechnology 139
TelecommunicationsResearchLaboratories 147
TheUniversityofAlberta 152
UniversityofAlberta1991 Foundation 162
TheUniversityofCalgary 165
UniversityofCalgaryFoundation 180
TheUniversityofLethbridge 183
UniversityofLethbridgeFoundation 192
UniversityTechnologiesInternationalInc 194
EconomicDevelopmentandTourism:
AlbertaHeritageFoundationforMedicalResearch 201
1
2
PUBLIC ACCOUNTS 1993-94
Contents: Page
Health:
AlbertaCancerBoard 208
AlbertaChildren’sProvincialGeneralHospital 217
AlbertaHospitalEdmonton 225
AlbertaHospitalPonoka 233
Children’sHealthCentreofNorthernAlberta 241
FoothillsProvincialGeneralHospital 247
GlenroseRehabilitationHospital 256
UnicareIntegratedSoftwareInc 264
UniversityHospitalsBoard 269
3
BOARD-GOVERNED INSTITUTIONS
UNIVERSITIES,PUBLIC COLLEGES, TECHNICALINSTITUTES
ANDPROVINCIALLY-OWNED HOSPITALS - FINANCIAL STATEMENTS
Introduction:
In 1993-94,theFinancialAdministrationActwasamendedtoprovidefortheinclusion
inthePublicAccountsoffinancialstatementsofthefollowingProvincialcorporations:
(a) theboardofauniversityundertheUniversitiesAct,
(b) theinterimgoverningbodyofauniversityundertheUniversitiesAct,
(c) theboardofapubliccollegeundertheCollegesAct,
(d) TheGovernorsoftheBanffCentreforContinuingEducation
(e) theboardofatechnicalinstituteundertheTechnicalInstitutesAct,
(f) the interim governing authority of a technical institute under the Technical
InstitutesAct,
(g) theAlbertaHeritageFoundationforMedicalResearch,
(h) aboardundertheProvincialGeneralHospitalsAct,
(i) amentalhealthhospitalboardundertheMentalHealthAct,
(j) theAlbertaCancerBoard,and
(k) theUniversityHospitalsBoardundertheUniversityofAlbertaHospitalsAct.
The financial statements of subsidiaries of these Provincial corporations are also
requiredtobeincludedinthePublicAccountsasaresultoftheamendmenttotheFinancial
AdministrationActreferredtoabove.
Inaddition,thefinancialstatementsofuniversityfoundationsareincludedinthePublic
Accountsforthefirsttimein 1993-94.
PUBLIC ACCOUNTS 1993-94
ALBERTACOLLEGE OF ART
FINANCIAL STATEMENTS
JUNE 30, 1993
Auditor’sReport
StatementofFinancialPosition
StatementofChangesinFundBalances
StatementofChangesinEquityinCapitalAssets
NotestotheFinancialStatements
AUDITOR’S REPORT
TotheBoardofGovernorsofthe
AlbertaCollegeofArt
IhaveauditedthestatementoffinancialpositionoftheAlbertaCollegeofArtasatJune30,
1993andthestatementsofchangesinfundbalancesandchangesinequityincapitalassets
fortheyearthenended. Thesefinancial statementsaretheresponsibilityoftheCollege’s
management.Myresponsibilityistoexpressanopiniononthesefinancialstatementsbased
onmyaudit.
I conducted my audit in accordance with generally accepted auditing standards. Those
standardsrequirethatIplanandperformanaudittoobtainreasonableassurancewhether
thefinancialstatementsarefreeofmaterialmisstatement.Anauditincludesexamining,on
atestbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements.An
auditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmade
bymanagement,aswellasevaluatingtheoverallfinancialstatementpresentation.
The Collegerecords vacationpayas itispaidratherthaninaccordancewiththe accrual
basisofaccountingasrequiredbygenerallyacceptedaccountingprinciples.Ifvacationpay
hadbeenaccrued, liabilitieswouldhave increasedandtheoperating fundbalancewould
havedecreasedby$494,066and$428,206asatJune30, 1993and1992respectively,inthe
statementoffinancialposition. Theexcessofrevenueoverexpenditurewouldhavebeen
decreasedby$65,860and$17,128fortheyearsendedJune30, 1993and1992respectively,
inthestatementofchangesinfundbalances.
Inmyopinion,exceptfortheeffectsoftheCollegenotaccruingavacationpayliabilityas
describedintheprecedingparagraph,thesefinancialstatementspresentfairlythefinancial
positionoftheCollegeasatJune30, 1993andtheresultsofitsoperationsandthechanges
in its financialposition fortheyearthenendedinaccordancewiththedisclosedbasisof
accountingasdescribedinNote2tothefinancialstatements.
DonaldD. Salmon,FCA
AuditorGeneral
Edmonton,Alberta
October8, 1993