audited financial statements for the year ended … · school jurisdiction code: 154 budget actual...

School Jurisdiction Code: 154

AUDITEDFINANCIAL STATEMENTS

FOR THE YEAR ENDED AUGUST 31, 2012[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



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) 427-3855 (Toll free 310-0000) FAX: (780) 422-6996

19-Nov-12

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

Mother Earth's Children's Charter School Society

financial 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.


RR 5 Stony Plain AB T7Z 1X4

Phone 780-702-7531 Fax 780-848-2395

Ed Wittchen

Anita LeMoignan

Allan Ross

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 audited

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

BOARD CHAIR

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


TABLE OF CONTENTS

Page

INDEPENDENT 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


STATEMENT OF FINANCIAL POSITION

as at August 31, 2012

(in dollars)

2012 2011

Restated

ASSETSCurrent assets

Cash and temporary investments (Note 3) $986,418 $863,796

Accounts receivable (net after allowances) (Note 4) $114,137 $119,220

Prepaid expenses $20,160 $40,706

Other current assets $0 $0

Total current assets $1,120,715 $1,023,722

Trust assets $0 $0

Long term accounts receivable $0 $0

Long term investments (Note 5) $51,430 $51,430

Capital assets (Note 6)

Land $0 $0

Construction in progress $0 $0

Buildings $0

Less: accumulated amortization $0 $0 $0

Equipment $259,342

Less: accumulated amortization ($160,213) $99,129 $147,443

Vehicles $235,895

Less: accumulated amortization ($65,808) $170,087 $189,129

Total capital assets $269,216 $336,572

TOTAL ASSETS $1,441,361 $1,411,724

LIABILITIESCurrent liabilities

Bank indebtedness (Note 3) $112,473 $27,911

Accounts payable and accrued liabilities (Note 7) $98,179 $64,781

Deferred revenue (Note 8) $289,035 $322,650

Deferred capital allocations $0 $0

Current portion of long term debt $0 $0

Total current liabilities $499,687 $415,342Total current liabilities $ 99,68 $ 5,3

Trust liabilities $0 $0

Employee future benefit liabilities $0 $0

Long term debt

Supported: Debentures and other supported debt $0 $0

Less: Current portion $0 $0

Unsupported: Debentures and capital loans $0 $0

Capital leases $0 $0

Mortgages $0 $0

Less: Current portion $0 $0

Other long term liabilities $0 $0

Unamortized capital allocations $0 $0

Total long term liabilities $0 $0

TOTAL LIABILITIES $499,687 $415,342

NET ASSETSUnrestricted net assets $672,458 $659,810

Operating reserves $0 $0

Accumulated operating surplus (deficit) $672,458 $659,810

Investment in capital assets $269,216 $336,572

Capital reserves $0 $0

Total capital funds $269,216 $336,572

Total net assets $941,674 $996,382

TOTAL LIABILITIES AND NET ASSETS $1,441,361 $1,411,724

Note: Please input "(Restated)" in 2011 column heading where comparatives are not taken from the finalized 2010/2011 Audited Financial Statements filed with Alberta Education.

page 4


Budget ActualActual 2012 20112012 Restated

REVENUES

Government of Alberta $1,053,222 $862,534 $1,185,003

Federal Government and/or First Nations $924,604 $1,142,753 $1,266,985

Other Alberta school authorities $0 $0 $750

Out of province authorities $0 $0 $0

Alberta Municipalities-special tax levies $0 $0 $0

Fees $0 $0 $0

Other sales and services $29,164 $310,860 $30,945

Investment income $8,041 $1,500 $6,554

Gifts and donations $347,562 $135,250 $69,878

Fundraising $1,281 $1,500 $0

Rental of facilities $6,466 $3,000 $13,798

Gains on disposal of capital assets $0 $0 $0

Amortization of capital allocations $0 $0 $0

Other revenue $0 $0 $37,650

Total Revenues $2,370,340 $2,457,397 $2,611,563

Certificated salaries (Note 14) $706,291 $715,321 $656,557

Certificated benefits (Note 14) $112,434 $88,048 $113,185

Non-certificated salaries and wages (Note 14) $564,764 $575,090 $478,761

Non-certificated benefits (Note 14) $55,704 $70,788 $44,509

Services, contracts and supplies $886,995 $1,059,351 $1,020,639

Capital and debt services

Amortization of capital assets

Supported $0 $0 $0

Unsupported $65,138 $76,023 $76,023

Total Amortization of capital assets $65,138 $76,023 $76,023

Interest on capital debt

Supported $0 $0 $0

Unsupported $0 $0 $0

Total Interest on capital debt $0 $0 $0

Other interest and charges $3,353 $1,500 $1,630

Losses on disposal of capital assets $30,369 $0 $0

Other expense $0 $0 $0

Total Expenses $2,425,048 $2,586,121 $2,391,304

($54,708) ($128,724) $220,259

Extraordinary Item $0 $0 $0

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES ($54,708) ($128,724) $220,259

Please input "(Restated)" where Actual 2011 comparatives are not as presented in the finalized 2010/2011 Audited Financial Statements filed with

Alberta Education. Budget 2012 comparatives presented are final budget amounts formally approved by the Board.

STATEMENT OF REVENUES AND EXPENSES

for the Year Ended August 31, 2012(in dollars)

Note:

EXPENSES

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES BEFORE EXTRAORDINARY ITEM

page 5

154

for the Year Ended August 31, 2012

(in dollars)

2012 2011

Restated

CASH FLOWS FROM:

A. OPERATIONS

Excess (deficiency) of revenues over expenses ($54,708) $220,259

Add (Deduct) items not affecting cash:

Amortization of capital allocations revenue $0 $0

Total amortization expense $65,138 $76,023

Gains on disposal of capital assets $0 $0

Losses on disposal of capital assets $30,369 $0

Changes in:

Accounts receivable $5,083 ($102,896)

Prepaids and other current assets $20,546 $244,683

Long term accounts receivable $0 $0

Long term investments $0 $0

Accounts payable and accrued liabilities $33,398 $54,667

Deferred revenue ($33,615) ($7,005)

Employee future benefit liabilitiies $0 $0Other (describe) ($47,746) $0

Total cash flows from Operations $18,465 $485,731

B. INVESTING ACTIVITIES Purchases of capital assets

Land $0 $0

Buildings $0 $0

Equipment $0 $0

Vehicles ($67,651) $0

Net proceeds from disposal of capital assets $39,500 $0Other (describe) $47,746 $0

Total cash flows from Investing activities $19,595 $0

C. FINANCING ACTIVITIES

Capital allocations $0 $0

Issue of long term debt $0 $0

Repayment of long term debt $0 $0

Add back: supported portion $0 $0Other (describe)

Total cash flows from financing activities $0 $0

Net cash flows from during the year $38,060 $485,731

Cash and temporary investments, net of bank indebtedness, at Aug. 31/11 $835,885 $350,154

Cash and temporary investments, net of bank indebtedness, at Aug. 31/12 $873,945 $835,885

Note: Please input "(Restated)" where Actual 2011 comparatives are not as presented in the finalized 2010/2011 Audited Financial Statements filed with Alberta Education.

School Jurisdiction Code:

STATEMENT OF CASH FLOWS

Capital asset purchase included in accounts payable

Capital asset purchase included in accounts payable

Investment in term depostit

page 6

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STATEMENT OF CAPITAL ALLOCATIONS

(EXTERNALLY RESTRICTED CAPITAL CONTRIBUTIONS ONLY)

for the Year Ended August 31, 2012(in dollars)

Deferred Unamortized

Capital Capital

Allocations Allocations

Balance at August 31, 2011 $0 $0

Prior period adjustments $0 $0

Adjusted balance, August 31, 2011 $0 $0

Add:

Restricted capital allocations from: Alberta Education school building and modular projects $0

Other Government of Alberta $0

Federal Government and First Nations $0

Other sources $0

Interest earned on provincial government capital allocations $0

Other capital grants and donations $0

Net proceeds on disposal of supported capital assets $0

Insurance proceeds (and related interest) $0

Donated capital assets (amortizable @ fair market value) $0Donated 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 $0

Expended capital allocations - current year $0 $0

Deduct:

Net book value of supported capital assets dispositions, write-offs, or transfer; Other $0 $0

Capital allocations amortized to revenue $0

Balance at August 31, 2012 $0 $0

* Infrastructure Maintenance Renewal (IMR) Program allocations are excluded from this Statement, since those allocations are not externally restricted to capital.

page 8

MOTHER EARTH’S CHILDREN’S CHARTER SCHOOL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS AUGUST 31, 2012

page 9

1. Authority and Purpose

The Society delivers educational programs under the authority of the School Act, Chapter S-3 Statutes of Alberta, January 1, 2002. It is not taxable under Section 149(1) of the Income Tax Act.

The Society receives block allocations for instruction and support under Regulation 72/95. The regulation limits funding and expenses for administration. It permits the Society, within specified limits to reallocate funding between the instruction and support blocks.

2. Significant Accounting Policies The financial statements have been prepared in accordance with Canadian generally accepted

accounting principles as issued by the Accounting Standards Board in Canada and include the following significant accounting policies:

Revenue Recognition

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.

Prepaid Expenses

Certain expenditures incurred and paid before the close of the school year are for specific school supplies, which will be consumed subsequent to the year-end, and are accordingly recorded as prepaid expenses. Certain insurance expenses also fall into this category.

School Generated Funds

These are funds which come under the control and responsibility of a school principal for school activities. They are usually collected, retained, and expended at the school level (e.g. yearbook sales, hot lunches, field trip fees, etc.)

Investments Held for trading investments are recognized in the statement of financial position at fair value. The fair values of the recognized investments are determined based on the available market information. Realized investment income and unrealized gains and losses are reported in the statement of revenues and expenses.



page 10

2. Significant Accounting Policies (continued)

Capital Assets

Capital assets are recorded at cost. The cost for contributed capital assets is considered to be the fair value at the date of contribution. Amortization is provided using the straight-line method at rates intended to amortize the cost of assets over their estimated useful lives:

Automotive equipment 10 years Classroom equipment 10 years Computer and media equipment 5 years Playground, gym, kitchen and custodial equipment 5 years

Only capital assets with a cost in excess of $5,000 are capitalized. No amortization is recorded in

the year of acquisition.

Vacation Pay

Vacation pay is accrued in the period in which the employee earns the benefit.

Teachers’ Retirement Fund Contributions by the Province of Alberta

Teacher’s Retirement Fund (TRF) contributions by the Province for current service are a component part of the education system costs and are formally recognized in the accounts of the Society, even though the jurisdiction has no legal obligation to pay these costs. The amount of current service contributions are recognized as revenue from the Province and as certificated benefits expense. Previously, the Provincial contributions were not included in the accounts of the jurisdiction. The prior year’s comparative figures have been restated to conform to this change in accounting policy.

Pensions

Pension costs included in these statements comprise the cost of employer contributions for current service of employees during the year. For the school year ended August 31, 2012, the amount contributed to the Teachers’ Retirement Fund by the Province was $61,639 (2011 - $63,595). The Society participates in a multi-employer pension plan, the Local Authorities Pension Plan, and does not report on any unfunded liabilities. The Society does not make pension contributions for the staff. At December 31, 2011, the Local Authorities Pension Plan reported an actuarial deficiency of $4,639,390,000 (2010 – deficiency of $4,635,250,000).

Financial Instruments

The Society’s financial instruments consist of cash and temporary investments, accounts receivable, long-term investments, bank indebtedness, and accounts payable. Unless otherwise indicated, it is management's opinion that the Society is not exposed to significant interest or credit risks arising from these financial instruments. Unless otherwise noted, the fair values of these financial instruments approximate their carrying values. The Society has invested surplus funds in accordance with Section 60 of the School Act.



page 11

2. Significant Accounting Policies (continued) (i) Held for trading The Society has classified cash and temporary investments, and long-term investments as held for trading. These instruments are initially recognized at their fair value, determined by published price quotations in an active market. Transactions to purchase or sell these items are recorded on the settlement date. Held for trading financial instruments are subsequently measured at their fair value, without any deduction for transaction costs incurred on sale or other disposal. Gains and losses arising from changes in fair value are recognized immediately in income. (ii) Available for sale The Society has not classified any financial assets as available for sale. (iii) Loans and receivables The Society has classified accounts receivable as loans and receivables. The assets are initially recognized at their fair value. Fair value is approximated by the instrument's initial cost in a transaction between unrelated parties. Transactions to purchase or sell these items are recorded on the settlement date. Loans and receivables are subsequently measured at their amortized cost, using the effective interest method. Under this method, estimated future cash receipts are discounted over the asset's expected life, or other appropriate period, to its net carrying value. Amortized cost is the amount at which the financial asset is measured at initial recognition less any reduction for uncollectibility. Gains and losses arising from changes in fair value are recognized in net income upon derecognition or impairment. (iv) Held to maturity The Society has not classified any financial assets as held to maturity.

(v) Other financial liabilities The Society has classified bank indebtedness and accounts payable as other financial liabilities. These liabilities are initially recognized at their fair value. Fair value is approximated by the instrument's initial cost in a transaction between unrelated parties. Transactions to purchase or sell these items are recorded on the settlement date.

Other financial liabilities are subsequently measured at amortized cost using the effective interest method. Under this method, estimate future cash payments are discounted over the liability's expected life, or other appropriate period, to their net carrying value. Amortized cost is the amount at which the financial liability is measured at initial recognition less principal repayments, and plus or minus the cumulative amortization using the effective interest method of any difference between the initial amount and the maturity amount. Gains and losses arising from changes in fair value are recognized in net income upon derecognition.

Cash and Cash Equivalents

Cash and cash equivalents consist of balances with banks and short-term investments with maturities not exceeding 90 days.



page 12

2. Significant Accounting Policies (continued) 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.

Measurement Uncertainty

The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Accounts receivable are stated after evaluation as to their collectibility and an appropriate allowance for doubtful accounts is provided where considered necessary. Amortization is based on the estimated useful lives of capital assets.

Future Accounting Policies

The Society will adopt public sector accounting standards for the year ending August 31, 2013 with retrospective application and restatement of the prior school year. The transition is intended to enhance the public accountability and comparability of the financial reporting of the government controlled entities with those of other government organizations.

3. Cash and Temporary Investments

2012 2011

Average Effective

(Market) Yield Cost Fair

Value

Average Effective

(Market) Yield Cost Fair

Value

Cash and cash equivalents

0.10 - 1.00% $986,418 $986,418 0.10% $863,796 $863,796

Bank indebtedness (112,473) (112,473) (27,911) (27,911)

Total cash and temporary investments

$873,945 $873,945 $835,885 $835,885

The Society has negotiated an overdraft facility in the amount of $50,000 with Servus Credit Union with an overdraft interest rate of prime. At August 31, 2012, this line of credit was not drawn upon. Bank indebtedness consists of outstanding cheques issued in excess of the operating bank balance.



page 13

4. Accounts Receivable 2012 2011

Federal Government $ 90,715 $ 116,304 Other 18,963 41,584 Payroll advances 8,270 - 117,948 157,888 Less: allowance for doubtful accounts (3,811) (38,668)

$ 114,137 $ 119,220

5. Long Term Investments

2012 2011

Average Effective (Market)

Yield Cost Fair Value

Average Effective (Market)

Yield Cost Fair Value

Fixed income securities

Term deposit 1.00% $51,430 $51,430 1.00% $51,430 $51,430

Total long term investments 1.00% $51,430 $51,430 1.00% $51,430 $51,430

The following is the maturity structure for fixed income securities based on the principal amount:

2012 2011

1 to 5 years 100% 100%

6 to 10 years - -

11 to 20 years - -

Over 20 years - -

100% 100%



page 14

6. Tangible capital assets

Automotive Equipment

Classroom Equipment

Computer & Media

Equipment

Playground, Gym, Kitchen and Custodial

Equipment Total Aug. 31, 2012

Total Aug. 31, 2011

Historical cost

September 1, 2011 $277,091 $35,544 $132,435 $91,364 $536,434 $346,124

Additions

67,651

-

-

-

67,651

190,310

Transfers in (out) - - - - - -

Less disposals including write-offs

(108,847) - - -

(108,847) -

August 31, 2012 $235,895 $35,544 $132,435 $91,364 $495,238 $536,434

Accumulated amortization

September 1, 2011 $87,962 $6,938 $86,689 $18,273 $199,862 $123,839

Amortization expense 16,824 3,554 26,487 18,273 65,138 76,023

Transfers in (out) - - - - - -

Effect of disposals (38,978) - - - (38,978) -

August 31, 2012 $65,808 $10,492 $113,176 $36,545 $226,023 $199,862

Net Book Value at August 31, 2012

$170,087 $25,052 $19,259 $54,818 $269,216 $336,572



page 15

7. Accounts Payable 2012 2011

Trade payables and accrued liabilities $ 71,213 $ 50,813 Federal Government 26,966 13,968

$ 98,179 $ 64,781

8. Deferred Revenue

The following amounts have been deferred and will be recognized as income to match the expenditures as incurred.

SOURCE AND GRANT OR FUND TYPE

DEFERRED REVENUE

as at Aug. 31, 2011

ADD: 2011/2012

Restricted Funds Received/ Receivable

DEDUCT: 2011/2012

Restricted Funds Expended

(Paid/Payable)

ADD (DEDUCT): 2011/2012

Adjustments or Returned

Funds

DEFERRED REVENUE

as at Aug. 31, 2012

Alberta Education Restricted Operational Funding:

Alberta Initiative for School Improvement $19,653

$8,573 $3,690 - $24,536

Lease $262,500 $350,000 $350,000 - $262,500

Dreamkeeper $24,138 - $24,138 - -

Other Government of Alberta Restricted Funding:

Circle of Courage $16,359 - $16,359 - -

Other Deferred Revenue -

School rental fees - 2,000 - - 2,000

Total $322,650 $360,573 $394,187 - $289,035

9. Commitments

The Society is committed to a lease agreement with a related party, The Friends of MECCS Education Foundation that expires May 31, 2014. As per the lease agreement, the Society shall pay $350,000 per annum as rent in respect of each year of the term.

10. Economic Dependence

The Society’s primary sources of revenue are received from the Province of Alberta and the Government of Canada. The Society’s ability to continue viable operations is dependent on this funding.



page 16

11. Related Party Transactions

Effective 2005/2006, school jurisdictions are controlled by the Government of Alberta according to criteria set out in PSAB 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. All related-party transactions are in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. Friends of MECCS Education Foundation (the “Foundation”) is a related party as its board includes management from the Society. These two entities have not been consolidated as it was determined that there is no common control. The Society and the Foundation pay expenses on behalf of one another, which are then fully reimbursed at cost. The Society also pays the Foundation rent for the use of the school and related property. These transactions are in the normal course of operations and have been measured at the exchange amount, which is the amount of consideration agreed to by the parties.

Balances Transactions (Restated) Assets Liabilities Revenues Expenses

Government of Alberta Education - $287,036 $1,053,222 -

Other Gov’t of Alberta departments - - 16,359 $ 16,359 Other Post-secondary institutions $ 5,752 - 183,359 183,362 Friends of MECCS Education Foundation 9,229 1,800 - 204,167

TOTAL 2011-2012 $14,981 $288,836 $1,252,940 $ 387,529

TOTAL 2010-2011 $ 2,766 $322,650 $1,128,215 -

12. School Generated Funds

Unexpended School Generated Revenues, Opening Balance August 31, 2011 $ -

Current Year Activities – Gross Receipts:

Other sales and services 12,805

Current Year Activities – Total Direct Costs Including Cost of Goods Sold to Raise Funds

12,805

Unexpended School Generated Revenues, Closing Balance August 31, 2012 $ -

13. Budget Amounts

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



page 17

14. Disclosure of Salaries and Benefits

The Society had paid or accrued expenses for the year ended August 31, 2012 to or on behalf of the following positions and persons in groups as follows:

Performance

Board Members: FTE Remuneration Benefits Allowances Bonuses Expenses

Chair - Emil Durocher 1.0 $0 $0 $0 244

Ava Wood 1.0 $0 $0 $0 344

Asha Rao 1.0 $0 $0 $0 747

Larry Lacoste 1.0 $0 $0 $0 349

Dr. Clifford Cardinal 1.0 $0 $0 $0 643

Terry Regamey 0.0 $0 $0 $0 467

Rod Burnstick 0.0 $0 $0 $0 390

0.0 $0 $0 $0 0

0.0 $0 $0 $0 0

0.0 $0 $0 $0 0

0.0 $0 $0 $0 00.0 $0 $0 $0 0

Subtotal 5.0 $0 $0 $0 3,184

Superintendent Ed Wittchen 1.0 $0 $0 $0 $0 $0 971

0.0 $0 $0 $0 $0 $0

Certificated teachers 8.4 $706,291 $112,434 $0 $0 $0

Non-certificated - other 9.7 $564,764 $55,704 $0 $0 $0

TOTALS $1,271,055 $168,138 $0 $0 $0

ERIP's /

Other

The Superintendent, Ed Wittchen is paid based on contract and not wages. He received $84,268 as per his contract. Benefits include government portion of the current service contribution to the Alberta Teachers Pension Fund on behalf of the school jurisdiction.

15. Comparative Figures

The comparative figures have been reclassified where necessary to conform to the 2011/2012 presentation.

16. Correction of Error

Revenue from the Government of Alberta and certificated benefits have been restated to include $63,595 of Government contributions to Alberta Teachers Retirement Fund in the statement of revenues and expenses for August 31, 2011. Revenue and expenses of $12,805 from August 31, 2011 school generated funds are no longer shown separately on the statement of revenue and expenses, but are included in “other sales and services” revenue and “services, contracts and supplies” expense.


UNAUDITED SCHEDULES

TO THEFINANCIAL STATEMENTS

FOR THE YEAR ENDED AUGUST 31, 2012[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

"Dated and Signed Electronically"Name Signature

Dated

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


Comp 11, Site 504, RR5 Stony Plain, AB T7Z 1X5

Telephone: (780) 702-7531 Fax: (780) 848-2395

22-Nov-12

To the best of my knowledge and belief, these unaudited schedules have been prepared following Alberta Education's

purposes.

SECRETARY TREASURER OR TREASURER

Anita LeMoignan


TABLE OF CONTENTS

Page

SCHEDULE A 3

SCHEDULE B 4

Allocation of Revenues and Expenses to Programs

Operations and Maintenance Program Expense Details

page 2 of 4

S

CH

ED

UL

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(17)

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on

sch

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No

te: Cu

sto

dia

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exp

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ses

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the

sch

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exp

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ith th

e r

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re

pla

cem

en

t, e

nh

an

cem

en

t an

d m

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r co

nst

ruct

ion

of b

uild

ing

s, g

rou

nd

s a

nd

eq

uip

me

nt c

om

po

ne

nts

. T

his

incl

ud

es

reg

ula

r a

nd

pre

ven

tativ

em

ain

ten

an

ce u

nd

ert

ake

n to

en

sure

co

mp

on

en

ts r

ea

ch o

r e

xce

ed

the

ir lif

e c

ycle

an

d th

e r

ep

air

of b

roke

n c

om

po

ne

nts

. M

ain

ten

an

ce e

xpe

nse

s e

xclu

de

op

era

tion

al c

ost

s re

late

d to

exp

en

sed

IMR

& M

od

ula

r U

nit

relo

catio

ns,

as

the

y a

re r

ep

ort

ed

on

se

pa

rate

ly.

Uti

litie

s &

Te

lec

om

mu

nic

ati

on

s:

All

exp

en

ses

rela

ted

to e

lect

ricity

, na

tura

l ga

s a

nd

oth

er

he

atin

g fu

els

, se

we

r a

nd

wa

ter

an

d a

ll fo

rms

of t

ele

com

mu

nic

atio

ns.

Ex

pe

ns

ed

IMR

& M

od

ula

r U

nit

Re

loc

ati

on

s:

All

op

era

tion

al e

xpe

nse

s a

sso

cia

ted

with

no

n-c

ap

italiz

ed

Infr

ast

ruct

ure

Ma

inte

na

nce

Re

ne

wa

l p

roje

cts

(AK

A IM

P a

nd

BQ

RP

) a

nd

mo

du

lar

un

it (p

ort

ab

le)

relo

catio

ns.

Fa

cili

ty P

lan

nin

g &

Op

era

tio

ns

Ad

min

istr

ati

on

: A

ll e

xpe

nse

s re

late

d to

the

ad

min

istr

atio

n o

f op

era

tion

s a

nd

ma

inte

na

nce

incl

ud

ing

(b

ut n

ot l

imite

d to

) co

ntr

act

ad

min

istr

atio

n, c

leric

al f

un

ctio

ns,

ne

go

tiatio

ns,

su

pe

rvis

ion

of e

mp

loye

es

& c

on

tra

cto

rs, s

cho

ol f

aci

lity

pla

nn

ing

& p

roje

ct 'a

dm

inis

tra

tion

', a

dm

inis

tra

tion

of j

oin

t-u

se a

gre

em

en

ts, a

nd

all

exp

en

ses

rela

ted

to e

nsu

ring

co

mp

lian

ce w

ith h

ea

lth a

nd

sa

fety

sta

nd

ard

s,

cod

es

an

d g

ove

rnm

en

t re

gu

latio

ns.

Su

pp

ort

ed

Ca

pit

al &

De

bt

Se

rvic

es

: A

ll e

xpe

nse

s re

late

d to

su

pp

ort

ed

ca

pita

l ass

ets

am

ort

iza

tion

an

d in

tere

st o

n s

up

po

rte

d c

ap

ital d

eb

t.

SQ

UA

RE

ME

TR

ES

pa

ge

4 o

f 4

audited financial statements for the year ended … · school jurisdiction code: 154 budget actual...

Documents