f Public Accounts 1993-94 Volume 4 Financial Statements of Universities, Public Colleges, Technical Institutes and Provincially-owned Hospitals V J Library Use Only /diberia Ex 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