School Jurisdiction Code: 8060 AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2015 [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 of Board of Trustees Responsibility External Auditors Declaration of Management and Board Chair c.c. ALBERTA EDUCATION, Financial Reporting & Accountability Branch 8th Floor Commerce Place, 10155-102 Street, Edmonton AB T5J 4L5 EMAIL: [email protected]PHONE: (780) 422-0312 (Toll free 310-0000) FAX: (780) 422-6996 Board-approved Release Date Signature Signature Signature Name Name Name SUPERINTENDENT Marc Dumont SECRETARY-TREASURER OR TREASURER Marc Labonte November 26, 2015 "original signed" "original signed" school jurisdiction's transactions. The effectiveness of the control systems is supported by the selection and training East Central Francophone Education Region No. 3 P.O. Box 249 St. Paul AB T0A 3A0 (780) 645-3888 (780) 645-2045 [email protected]presented to Alberta Education have been prepared by school jurisdiction management which has responsibility for their preparation, integrity and objectivity. The financial statements, including notes, have been prepared in accordance with Canadian Public Sector Accounting Standards and follow format prescribed by Alberta Education. In fulfilling its reporting responsibilities, management has maintained internal control systems and procedures designed to provide reasonable assurance that the school jurisdiction's assets are safeguarded, that transactions are executed in accordance with appropriate authorization and that accounting records may be relied upon to properly reflect the East Central Francophone Education Region No. 3 Michelle Dallaire 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 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. To the best of our knowledge and belief, these financial statements reflect, in all material respects, the financial position, results of operations and cash flows for the year in accordance with Canadian Public Sector Accounting Standards. BOARD CHAIR "original signed" 1
27
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED … · Other sales and services 125,260$ $ 95,780133,538 $ Investment income $ - $ 18,99416,498 $ Gifts and donations $ 15,000 $ 60,74866,798
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8060HGF1
School Jurisdiction Code: 8060
AUDITEDFINANCIAL STATEMENTS
FOR THE YEAR ENDED AUGUST 31, 2015[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
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 accordancewith Canadian Public Sector Accounting Standards and follow format prescribed by Alberta Education.
In fulfilling its reporting responsibilities, management has maintained internal control systems and procedures designedto 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 the
East Central Francophone Education Region No. 3
Michelle Dallaire
of qualified personnel, an organizational structure that provides an appropriate division of responsibility and a strong system of budgetary control.
The ultimate responsibility for the financial statements lies with the Board of Trustees. The Board reviewed the auditedfinancial statements with management in detail and approved the financial statements for release.
The Board appoints external auditors to audit the financial statements and meets with the auditors to review their findings.The external auditors were given full access to school jurisdiction records.
To the best of our knowledge and belief, these financial statements reflect, in all material respects, the financial position,results of operations and cash flows for the year in accordance with Canadian Public Sector Accounting Standards.
BOARD CHAIR
"original signed"
1
School Jurisdiction Code: 8060
TABLE OF CONTENTS
Page
3
4
5
6
7
8
9
11
12
13
14
15
16
17
STATEMENT OF CHANGE IN NET FINANCIAL ASSETS (NET DEBT)
INDEPENDENT AUDITOR'S REPORT
NOTES TO THE FINANCIAL STATEMENTS
SCHEDULE OF PROGRAM OPERATIONS
SCHEDULE OF CAPITAL REVENUE
SCHEDULE OF CHANGES IN ACCUMULATED SURPLUS
STATEMENT OF REMEASUREMENT GAINS AND LOSSES
STATEMENT OF CASH FLOWS
STATEMENT OF OPERATIONS
STATEMENT OF FINANCIAL POSITION
SCHEDULE OF PLANT OPERATIONS AND MAINTENANCE EXPENSES
UNAUDITED SCHEDULE OF FEE REVENUE
UNAUDITED SCHEDULE OF DIFFERENTIAL FUNDING
UNAUDITED SCHEDULE OF CENTRAL ADMINISTRATION EXPENSES
2
School Jurisdiction Code: 8060
2015 2014
FINANCIAL ASSETS
Cash and cash equivalents (Note 3) 1,658,266$ 1,527,345$
Accounts receivable (net after allowances) (Note 4) 83,211$ 204,748$
Portfolio investments -$ -$
Other financial assets -$ -$
Total financial assets 1,741,477$ 1,732,093$
LIABILITIES
Bank indebtedness (Note 5) -$ -$
Accounts payable and accrued liabilities (Note 6) 230,391$ 401,795$
Deferred revenue (Note 7) 35,107,098$ 35,859,780$
Employee future benefit liabilities -$ -$
Liability for contaminated sites -$ -$
Other liabilities -$ -$
Debt (Note 8)
Supported: Debentures and other supported debt -$ -$
Balance at August 31, 2014 121,573$ -$ -$ -$ 35,385,446$
Prior period adjustments -$ -$ -$ -$ -$
Adjusted balance, August 31, 2014 121,573$ -$ -$ -$ 35,385,446$
Add:
Unexpended capital revenue received from:
Alberta Education school building & modular projects (excl. IMR) 193,188$
Infrastructure Maintenance & Renewal capital related to school facilities -$
Other sources: (Describe) -$ -$
Other sources (Describe) : -$ -$
Unexpended capital revenue receivable from:
Alberta Education school building & modular (excl. IMR) -$
Other sources: (Describe) -$ -$
Other sources: (Describe) -$ -$
Interest earned on unexpended capital revenue 70$ -$ -$ -$
Other unexpended capital revenue: (Describe) -$
Net proceeds on disposal of supported tangible capital assets -$ -$
Insurance proceeds (and related interest) -$ -$
Donated tangible capital assets (Explain): -$
Alberta Schools Alternative Program (ASAP), Building Alberta School Construction Program, (BASCP) and other Alberta Infrastructure managed projects -$
Transferred in (out) tangible capital assets (amortizable, @ net book value) -$
Expended capital revenue - current year (157,194)$ -$ -$ -$ 157,194$
Surplus funds approved for future project(s) -$ -$
Other adjustments (Explain): -$ -$ -$ -$ -$
Deduct:
Net book value of supported tangible capital dispositions or write-offs -$
Other adjustments (Explain): -$ -$ -$ -$ -$
Capital revenue recognized - Alberta Education 1,418,134$
Capital revenue recognized - Other Government of Alberta -$
Capital revenue recognized - Other revenue -$
Balance at August 31, 2015 157,637$ -$ -$ -$ 34,124,506$ (A) (B) (C) (D)
Balance of Unexpended Deferred Capital Revenue at August 31, 2015 (A) + (B) + (C) + (D) 157,637$
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.
(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
11
Sch
oo
l Ju
risd
icti
on
Co
de:
8060
2014
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
n76
5,65
0$
8,
074,
415
$
2,
217,
174
$
1,
370,
074
$
81
6,11
9$
84
2,04
5$
14
,085
,477
$
14,0
78,3
58$
(2
)O
ther
- G
over
nmen
t of A
lber
ta-
$
-$
-
$
-$
-
$
-$
-
$
-$
(3
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eder
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over
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Firs
t Nat
ions
-$
20
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$
-$
-
$
-$
-
$
20,8
00$
18
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(4)
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er A
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l aut
horit
ies
-$
12
,128
$
-$
-
$
36,0
00$
11
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$
59,8
41$
54
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$
(5)
Out
of p
rovi
nce
auth
oriti
es-
$
-$
-
$
-$
-
$
5,90
7$
5,90
7$
5,52
0$
(6)
Alb
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mun
icip
aliti
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peci
al ta
x le
vies
-$
-
$
-$
-
$
-$
-
$
-$
-
$
(7)
Pro
pert
y ta
xes
-$
-
$
-$
-
$
-$
-
$
-$
-
$
(8)
Fee
s37
,160
$
191,
889
$
-$
-
$
229,
049
$
280,
912
$
(9)
Oth
er s
ales
and
ser
vice
s-
$
111,
349
$
6,00
0$
-$
-
$
16,1
89$
13
3,53
8$
95
,780
$
(10)
Inve
stm
ent i
ncom
e-
$
16,4
98$
-
$
-$
-
$
-$
16
,498
$
18,9
94$
(11)
Gift
s an
d do
natio
ns-
$
66,7
98$
-
$
-$
-
$
-$
66
,798
$
60,7
48$
(12)
Ren
tal o
f fac
ilitie
s-
$
-$
18
,862
$
-$
-
$
-$
18
,862
$
16,0
30$
(13)
Fun
drai
sing
-$
16
7,79
0$
-
$
-$
-
$
-$
16
7,79
0$
88
,389
$
(14)
Gai
ns o
n di
spos
al o
f tan
gibl
e ca
pita
l ass
ets
-$
-
$
194,
705
$
-$
-
$
194,
705
$
-$
(1
5)O
ther
rev
enue
-$
-
$
-$
-
$
-$
-
$
-$
-
$
(16)
TO
TA
L R
EV
EN
UE
S80
2,81
0$
8,
661,
667
$
2,
436,
741
$
1,
370,
074
$
85
2,11
9$
87
5,85
4$
14
,999
,265
$
14,7
17,8
33$
EX
PE
NS
ES
(17)
Cer
tific
ated
sal
arie
s48
9,41
1$
4,
818,
126
$
18
1,33
7$
19
0,26
8$
5,
679,
142
$
5,
376,
406
$
(18)
Cer
tific
ated
ben
efits
113,
319
$
1,11
6,18
8$
32,6
02$
42
,363
$
1,30
4,47
2$
1,20
6,10
9$
(19)
Non
-cer
tific
ated
sal
arie
s an
d w
ages
23
9,42
7$
86
2,07
4$
24
5,90
7$
53
,733
$
246,
448
$
102,
981
$
1,75
0,57
0$
1,56
5,83
3$
(20)
Non
-cer
tific
ated
ben
efits
34,6
42$
18
6,52
5$
48
,636
$
13,1
25$
51
,347
$
22,0
23$
35
6,29
8$
30
7,18
8$
(21)
SU
B -
TO
TA
L87
6,79
9$
6,
982,
913
$
29
4,54
3$
66
,858
$
511,
734
$
357,
635
$
9,09
0,48
2$
8,45
5,53
6$
(22)
Ser
vice
s, c
ontr
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plie
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$
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6,56
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1,04
4,34
7$
1,27
5,22
3$
271,
642
$
518,
219
$
4,46
1,10
9$
4,12
9,13
4$
(23)
Am
ortiz
atio
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sup
port
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ngib
le c
apita
l ass
ets
-$
33
0,98
4$
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087,
150
$
-
$
-$
-
$
1,41
8,13
4$
1,41
5,31
0$
(24)
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ortiz
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uns
uppo
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ible
cap
ital a
sset
s-
$
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79$
35
,176
$
12,4
50$
37
,347
$
-$
11
9,15
2$
73
,223
$
(25)
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$
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$
-$
-
$
-$
-
$
-$
(26)
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-
$
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3,72
2$
11,1
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-
$
18,6
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-
$
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arge
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$
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$
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-
$
5,28
9$
5,76
1$
(28)
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pita
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ets
-$
-
$
-$
-
$
531
$
-$
53
1$
77
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$
(29)
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$
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OT
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835,
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$
875,
854
$
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$
(31)
(129
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)$
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(2
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$
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-
$
(114
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)$
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Inst
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12
Sc
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uri
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ildin
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n s
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uild
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6.8
All
exp
en
ses
rela
ted
to
act
iviti
es
un
de
rta
ken
to
ke
ep
th
e s
cho
ol e
nvi
ron
me
nt
an
d m
ain
ten
an
ce s
ho
ps
cle
an
an
d s
afe
.
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exp
en
ses
ass
oci
ate
d w
ith t
he
re
pa
ir, r
ep
lace
me
nt,
en
ha
nce
me
nt
an
d m
ino
r co
nst
ruct
ion
of
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ildin
gs,
gro
un
ds
an
d e
qu
ipm
en
t co
mp
on
en
ts.
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is in
clu
de
s re
gu
lar
an
d p
reve
nta
tive
ma
inte
na
nce
un
de
rta
ken
to
en
sure
co
mp
on
en
ts r
ea
ch o
r e
xce
ed
th
eir
life
cyc
le a
nd
th
e r
ep
air
of
bro
ken
co
mp
on
en
ts.
Ma
inte
na
nce
exp
en
ses
exc
lud
e o
pe
ratio
na
l co
sts
rela
ted
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.
All
exp
en
ses
rela
ted
to
ele
ctric
ity,
na
tura
l ga
s a
nd
oth
er
he
atin
g f
ue
ls,
sew
er
an
d w
ate
r a
nd
all
form
s o
f te
leco
mm
un
ica
tion
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,
mo
du
lar
un
it (p
ort
ab
le)
relo
catio
n,
an
d p
aym
en
ts o
n le
ase
d f
aci
litie
s.
All
exp
en
ses
rela
ted
to
th
e a
dm
inis
tra
tion
of
op
era
tion
s a
nd
ma
inte
na
nce
incl
ud
ing
(b
ut
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13
School Jurisdiction Code: 8060
Actual Actual2014/2015 2013/2014
FEES
Transportation fees $0 $0
Basic instruction supplies (text books, including lost or replacement fees, course materials) $38,234 $30,038
Technology user fees $33,123 $35,160
Alternative program fees $0 $0
Fees for optional courses (band, art, etc.) $0 $0
Fees for students from other boards $0 $0
Tuition fees (international & out of province) $0 $0
Kindergarten & preschool $40,400 $35,422
Extracurricular fees (sports teams and clubs) $35,668 $30,263
Field trips (related to curriculum) $81,624 $150,029
UNAUDITED SCHEDULE OF FEE REVENUEfor the Year Ending August 31, 2015 (in dollars)
Please disclose amounts paid by parents of students that are recorded as "Other sales and services" or "Other revenue" (rather than fee revenue):
Sales or rentals of other supplies/services (clothing, agendas, yearbooks)
*PLEASE DO NOT USE "SCHOOL GENERATED FUNDS" AS A CATEGORY
14
8060
Funded Students in Program 10 8 41 REVENUES
Alberta Education allocated funding 9,425$ 177,731$ 47,713$ 401,322$ 1,541,519$ Other funding allocated by the board to the program -$ -$ -$ -$ -$ TOTAL REVENUES 9,425$ 177,731$ 47,713$ 401,322$ 1,541,519$
EXPENSES (Not allocated from BASE, Transportation, or other funding)Instructional certificated salaries & benefits 10,434$ -$ 24,024$ 28,481$ Instructional non-certificated salaries & benefits -$ 112,035$ -$ 313,831$ SUB TOTAL 10,434$ 112,035$ 24,024$ 342,312$ Supplies, contracts and services -$ 38,509$ -$ 77,272$ Program planning, monitoring & evaluation -$ 20,446$ -$ -$ Facilities (required specifically for program area) -$ -$ -$ -$ Administration (administrative salaries & services) -$ -$ -$ 27,261$ Training 4,000$ 5,397$ -$ 28,963$ Other (please describe) -$ -$ -$ -$ TOTAL EXPENSES 14,434$ 176,387$ 24,024$ 475,808$ NET FUNDING SURPLUS (SHORTFALL) (5,009)$ 1,344$ 23,689$ (74,486)$
UNAUDITED SCHEDULE OF DIFFERENTIAL FUNDINGfor the Year Ended August 31, 2015 (in dollars)