Alberta Public Accounts 1995-96. Vol. 2 Financial statements of the general revenue fund, revolving funds and regulated funds

340 Pages·1996·24.1 MB·English

by  Alberta. Treasury Department

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Public Accounts
1995-96
Volume
2
Financial Statements of the
General Revenue Fund, Revolving Funds
and Regulated Funds
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UNIVERSITATIS
ALBERT7ENSIS
Public Accounts
1995-96
Volume
2
Financial Statements of the
General Revenue Fund, Revolving
Funds and Regulated Funds
UNIVERSITYLIBRARY
UNIVERSITYOFALRr
PUBLIC ACCOUNTS 1995-96
PREFACE
The Public Accounts ofAlbertaareprepared in accordancewith the provisions
of section 77 of the Financial Administration Act. The Public Accounts are
presented infourvolumes.
Volume 1 containstheauditedconsolidatedfinancial statementsoftheProvince
ofAlberta.Theconsolidatedfinancialstatementsincludetheaccountsofgovern-
mententities includingtheGeneral RevenueFund,revolvingfunds,theAlberta
HeritageSavingsTrustFund,andotherregulatedfunds,Provincialagenciesand
Crown-controlledcorporations.
This volumecontains the audited financialstatementsoftheGeneral Reve-
nue Fund, details of General Revenue Fund expenditure and revenue by
department, audited financial statements ofrevolving funds and regulated
funds,andreportsthatarerequiredtobeincludedwiththePublicAccounts
in accordancewith the FinancialAdministration Act and otherstatutes, or
by directionofthe ProvincialTreasurer.
Volume 3 contains the audited financial statements of Provincial agencies,
commercial enterprises and Crown-controlled corporations. Audited financial
statements ofsubsidiaries ofProvincial agenciesarealso includedinVolume3.
Volume 4 contains the audited financial statements ofuniversities, university
foundations,theBanffCentreforContinuingEducation,publiccolleges,techni-
cal institutes, the Alberta Cancer Board, the Alberta Heritage Foundation for
MedicalResearch,theProvincialMentalHealthBoard,RegionalHealthAuthori-
ties andtheWorkers’CompensationBoard.
Digitized by the Internet Archive
in 2017 with funding from
University of Alberta Libraries
https://archive.org/details/albertapublicacc02albe_2
TABLE OF CONTENTS
Section Page
1. FinancialStatementsoftheGeneralRevenue
Fund
1
2. GeneralRevenueFundExpenditureand
RevenuebyDepartment 25
3. FinancialStatementsofRevolvingFunds . . 117
4. FinancialStatementsofRegulatedFunds . . 169
5. SupplementaryInformationRequiredby
LegislationorbyDirectionofthe
ProvincialTreasurer 205
AlphabeticalIndexofFunds 327
Thereisadetailedtableofcontentsatthebeginningofeach
numberedsection.

SECTION 1
1995-96
PUBLIC ACCOUNTS
GENERAL REVENUE FUND FINANCIAL STATEMENTS
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Contents: Page
Introduction 2
Auditor’sReport 3
StatementofOperations 4
StatementofFinancialPosition 5
StatementofChangesinNetDebt 5
StatementofChangesinFinancialPosition 6
NotestotheFinancialStatements 7
SchedulestotheFinancialStatements 13
Schedule
Ref.
1 Revenues 13
2 ExpensesbyFunctionandProgram 14
3 ValuationAdjustments 15
4 NetChangeinCapitalAssetsAffectingOperations 16
5 AccountsandAccruedInterestReceivable 16
6 LoansandAdvancestoGovernmentEntities 16
7 OtherLoans,AdvancesandInvestments 17
8 InventoriesHeldforResale 17
9 AccountsandAccruedInterestPayable 17
10 UnmaturedDebt 18
11 PensionObligations 19
12 OtherAccruedLiabilities 21
13 GuaranteedDebtofGovernmentEntities 21
14 OtherGuaranteesandIndemnities 22
1
PUBLICACCOUNTS 1995-96
GENERAL REVENUE FUND FINANCIAL STATEMENTS
-
FOR THE YEAR ENDED MARCH 31, 1996
Introduction:
Section 19(1) ofthe Financial Administration Actprovides that “There shall be one
General Revenue Fund to be appropriated to the public service ofAlberta into which all
publicmoneyshallbepaidexcept
(a) moneyoverwhichtheLegislaturehasnopowerofappropriation,and
(b) moneythatisotherwisespeciallydisposedofbythisoranyotherAct”.
PublicmoneyoverwhichtheLegislaturehasnopowerofappropriationismoneypaid
intrusttotheProvincetobeusedforthepurposesprescribedbythepayerorsettlor.Money
otherwisespeciallydisposedofbylegislationrepresentsfeesorotherrevenuesdirectedby
legislationtobepaidintoaregulatedfundtobeusedforspecialpurposes.Allotherpublic
moneyispaidintotheGeneralRevenueFund.
ExpensesandexpendituresaremadefromtheGeneralRevenueFundontheauthority
ofsupplyvotes approvedbythe Legislature. Certainexpenses andexpenditures from the
General RevenueFundaremadeontheauthorityoflegislationdirectingthattheexpenses
andexpendituresmaybemadewithoutannualappropriation. Debtservicingcostsandthe
funds required to finance revolving fund capital asset acquisitions are examples ofthese
typesofexpensesandexpendituresrespectively.
Valuationadjustmentsaremadetoreflectchangesinthevalueofassetsandliabilities,
andtoprovideduringtheyearforliabilitiesforwhichlegislativeauthorityforpaymentwill
besoughtinthefuture.
Afteradjustmentfromtheexpensetotheexpenditurebasis,anexcessofrevenuesover
expendituresfortheyearistermedasurplus, andanexcessofexpendituresoverrevenues
is termed a deficit. The aggregate ofall annual deficits less surpluses since 1905, when
Alberta became a province, is represented by the excess ofliabilities over assets and is
termedthenetdebt.