1 Accounts Public UniversityofAlbertaLibrary 2000-01 Volume 1 Main Financial Statements GOV DOC CA2 SA FN P711 2000/ 2001 v : . HSS Ex LIBRIS UNIVERSITATIS ALBERTENSIS PublicAccounts,2000-01 1 Table of Contents Page Transmittal Letters 3 Introduction to the PublicAccounts 4 Sources ofAdditional Information 4 Financial Reporting Structure 5 General Revenue Fund Financial Statements ResponsibilityforGeneral Revenue Fund Financial Statements 9 . . Provincial Auditor's Report 11 Statementof Financial Assets, Liabilities, andAccumulated Deficit 12 StatementofRevenue, Expenditure, andAccumulated Deficit 13 . . . StatementofCash Flow 14 Notestothe Financial Statements 15 Schedulestothe Financial Statements Schedule 1 -Accounts Receivable 23 Schedule 2- LoanstoCrown Corporations 23 Schedule 3-OtherLoans 24 Schedule 4-AccountsPayableandAccrued Liabilities 25 Schedule 5-DepositsHeld 25 Schedule 6- Debt 26 Schedule 7-Sinking Funds 27 Schedule 8-Debtby Maturity 28 Schedule 9-GuaranteedDebt 29 Schedule 10- Revenue 31 Schedule 11 - Losson Loansand Investments 32 Schedule 12- NetChangeinNon-cash OperatingActivities 32 Schedule 13- InvestingActivities 33 Fiscal Stabilization Fund Schedule ofTransfers andAccumulated Balance 37 Summary Financial Statements ResponsibilityforSummary Financial Statements 41 Provincial Auditor's Report 43 SummaryStatementofFinancialAssets, Liabilities, andAccumulated Deficit 44 Summary StatementofRevenue, Expenditure, andAccumulated Deficit 45 SummaryStatementofCash Flow 46 Notestothe Summary Financial Statements 47 Schedulestothe Summary Financial Statements Schedule 1 -AccountsReceivable 56 Schedule 2-Loansand MortgagesReceivable 56 Schedule 3- Investmentin Government Enterprises 58 Schedule 4- OtherInvestments 61 Schedule 5-AccountsPayableandAccrued Liabilities 65 Schedule 6-OtherLiabilities 65 Schedule 7- PublicDebt 66 Schedule 8-Sinking Funds 67 Schedule 9- PublicDebtbyMaturity 68 Schedule 10-Guaranteed Debt 70 Schedule 11 - Revenue 72 Schedule 12-Gainsand Losseson investments 73 Schedule 13- NetChangeinNon-cash OperatingActivities 73 Schedule 14- Reporting Entity 74 General Revenue Fund - Details of Debentures 76 Glossary ofTerms 85 .. PublicAccounts,2000-01 3 To Her Honour The Honourable Lynda Haverstock Lieutenant Governorofthe ProvinceofSaskatchewan May Please Your Honour: It The undersigned hasthe honourto submit herewith the main financial statements ofthe Government ofthe Province of Saskatchewan forthefiscal yearended March 31 2001 , Respectfullysubmitted, Eric Cline Ministerof Finance Regina, Saskatchewan June2001 The Honourable Eric Cline Ministerof Finance We havethe honourof presenting herewith the main financial statements ofthe Government ofthe Province of Saskatchewan forthefiscal yearended March 31 2001 , Respectfullysubmitted, Paul Boothe Terry Paton Deputy Ministerof Finance Provincial Comptroller Regina, Saskatchewan June2001 4 PublicAccounts2000-01 Introduction to the Public Accounts The2000-01 PublicAccounts ofthe Government ofSaskatchewan are organized intotwo reports: Volume 1 containsthe General Revenue Fund Financial Statements and the Summary Financial Statements. These arethe main financial statements ofthe Government of Saskatchewan. It also contains information onthe Fiscal Stabilization Fund. The General Revenue Fund Financial Statements accountforthefinancial transactions ofthe General Revenue Fund andthe Province ofSaskatchewan Sinking Funds. All public money is paid intothe General Revenue Fund except wherethe LegislativeAssembly has directed otherwise. The General Revenue Fund is availableforappropriation for the public services ofSaskatchewan. The Summary Financial Statements consolidatethefinancial transactions ofthe General Revenue Fund, Crown corporations, agencies, boards and commissions. Theseconsolidated statements provide afull accounting ofthe financial affairs and resources ofall entitiesforwhich the Government is responsible. The Fiscal Stabilization Fund was established April 1 2000. Its purpose isto stabilizethefiscal position ofthe , Governmentfrom yearto yearand tofacilitatetheaccomplishment oflong term objectives. Volume 1 also contains detailed information on public issue debentures and debentures issued tothe Ministerof Finance ofCanada. Volume 2 containsthefollowing: • details onthe revenue and expenditure ofthe General Revenue Fund; and, • other information including financial information on the assets, liabilities and residual balances ofsuperannuation and trustfunds administered bythe Government, and a listing of remissions oftaxes and fees. InternetAddress The PublicAccounts areavailable onthe Internetat: http://www.gov.sk.ca/finance Sources of Additional Information Financial Statements Compendium This is a two-part reportcomprised ofthefinancial statements ofvariousgovernment boards, agencies, commissions, superannuation funds, special purposefundsand institutions, aswell as Crown corporationswhich are accountabletothe Treasury Board. Annual Reports ofSaskatchewan Crown Corporations This is a compendium ofthefinancial reportsofCrown corporationsthatare accountabletothe Crown Investments Corporation. BudgetAddress The GovernmentofSaskatchewan presents a budget each year, usuallyearlyin the spring. Atthistime, a document containing the BudgetAddress and budget papers istabled. Saskatchewan Estimates The Government’sspending estimatesfortheyearcommencing April 1 are presented tothe members ofthe Legislative Assemblyfollowing presentation ofthe BudgetAddress bythe Ministerof Finance. The Estimatesoutlinethedetailed estimates ofrevenue, expenditure, loans, advances, and investmentstothe LegislativeAssemblyforapproval in theform of TheAppropriationAct. Province ofSaskatchewan Mid-Year Financial Report This report, released in November, provides an updateon the Province’s revenue, expenditure, and surplus, reflecting economicchangesand otherdevelopmentstothe mid-pointofthefiscal year. Updates on the Province’s economy, loans, investments, and debt are also provided. UNIVERSITY LIBRARY UNIVERSITY OF ALBERTA PublicAccounts, 2000-01 5 Financial Reporting Structure Financial Control and Reporting Financial Reporting 1 ExamplesofCICCrowncorporationsare:SaskEnergy,SaskPower,SaskTei,SGI,andSTC. 2 ExamplesofTreasuryBoardCrowncorporationsare:AgriculturalCreditCorporationofSaskatchewan,SaskatchewanLiquorand GamingAuthority,SaskatchewanCropInsuranceCorporationandSaskatchewan PropertyManagementCorporation. General Revenue Fund Financial Statements