Chart of Accounts - Descriptions. Assets, Liabilities and Equity. For School Divisions

Transcription

1 Chart of Accounts - Descriptions Assets, Liabilities and Equity For School Divisions Saskatchewan Association of School Business Officials SASBO, Finance Committee Ministry of Education: Education Funding Branch Last Updated:

2 Table of Contents CASH ( xxx-xxx)... 1 TAXES RECEIVABLE ( xxx-xxx)... 2 PROVINCIAL GRANTS RECEIVABLE ( xxx-xxx)... 3 OTHER RECEIVABLES ( xxx-xxx)... 4 INVENTORIES FOR RESALE ( xxx-xxx)... 5 PORTFOLIO INVESTMENTS ( xxx-xxx)... 5 BANK INDEBTEDNESS ( xxx-xxx)... 6 PROVINCIAL GRANT OVERPAYMENT ( xxx-xxx)... 6 OTHER PAYABLES ( xxx-xxx)... 7 SHORT TERM LOANS ( xxx-xxx) DEBENTURES UNMATURED ( xxx-xxx) CAPITAL LOANS ( xxx-xxx) OTHER LONG TERM DEBT ( xxx-xxx) ACCRUED EMPLOYEE BENEFITS ( xxx-xxx) CAPITAL LEASES ( xxx-xxx) DEFERRED REVENUES ( xxx-xxx) TANGIBLE CAPITAL ASSETS ( xxx-xxx) INVENTORIES ( xxx-xxx) PREPAID ITEMS ( xxx-xxx) ACCUMULATED SURPLUS (DEFICIT) ( xxx-xxx) RESTRUCTURING ( xxx-xxx)... 17

3 CASH ( xxx-xxx) This section describes the various types of cash and operating bank accounts held by the school division. Do not include in this section any cash-in-transit relating to tax collection remittances from municipalities. Cash-in-transit from property taxes is to be reported in the Taxes Receivable account ( xxxxxx). Cash on Hand ( xxx-xxx) This category includes the cash on hand held by the school division, such as petty cash funds. Petty Cash ( xxx-xxx) Report the petty cash funds maintained by the school division. Other ( xxx-xxx) Report other cash funds maintained by the school division. Cash in Bank ( xxx-xxx) This category includes the cash on deposit with any bank, credit union, etc. for operating purposes of the school division. Operating Account ( xxx-xxx) Report the cash held in the school division s operating bank account. Savings Account ( xxx-xxx) Report the cash held in the school division s savings account for operating purposes. Other ( xxx-xxx) Report other bank accounts maintained by the school division for operating purposes. Cash Equivalents ( xxx-xxx) This category includes highly liquid investments that are readily convertible to known amounts of cash, with an insignificant risk of changes in value. An investment would normally qualify as a cash equivalent only when it has a short maturity. Cash Equivalents Investments ( xxx-xxx) In this account report highly liquid investments which have a short term maturity of, say, three months or less from the date of acquisition. Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investing or other purposes. page 1

4 TAXES RECEIVABLE ( xxx-xxx) This section describes the school taxes owing to the school division by municipalities. It is recommended that separate accounts (Program/Location codes) be set up for each municipality to facilitate statistical information purposes, balancing to the annual Statement of Account of School Taxes. Cash-in-Transit ( xxx-xxx) Other ( xxx-xxx) This category includes the cash-in-transit at the reporting date. It represents those payments that a municipality has reported in the Statement of Account of School Taxes as having been paid, but which are not received by the school division until after the reporting date. In other words, even though the municipality has reported paying these amounts prior to the reporting date, the school division does not actually receive the payment until after the reporting date. Therefore, from the school division s perspective, the taxes are still outstanding at the reporting date. This often arises because some municipalities make the final payment of the year s tax collections after completing and reconciling the Statement of Account of School Taxes. Even though this procedure may not occur until after December 31, the municipality may back date the cheque to December 31 and then report it on the Statement of Account of School Taxes as a December payment. The cheque, however, will not actually have been issued until after the end of the year. Taxes Collected ( xxx-xxx) Other ( xxx-xxx) This category includes the school taxes, trailer license fees, and grants-in-lieu of taxes collected by the municipality, but not yet remitted to the school division at the reporting date, as reported in the Statement of Account of School Taxes. Taxes Uncollected ( xxx-xxx) Other ( xxx-xxx) This category includes the school taxes (current and arrears) that are owed and are not yet collected by the municipality at the reporting date, as reported in the Statement of Account of School Taxes. Tax Title Property ( xxx-xxx) Other ( xxx-xxx) This category includes the school taxes owing on account of tax title properties, both sold and not yet remitted and unsold properties, as reported in the Statement of Account of School Taxes. page 2

5 Allowance for Uncollectable Taxes ( xxx-xxx) Allowance for Uncollectable Taxes ( xxx-xxx) This category includes the provision that the school division has made for the estimated uncollectable portion of school taxes receivable. The Allowance for Uncollectable Taxes is a contra account (offsetting account) that is applied against total taxes receivable to reflect the estimated taxes that the school division believes it will receive. School divisions must apply analysis and professional judgment to determine an appropriate allowance. The Allowance for Uncollectable Taxes must be set up as a contra account to taxes receivable. It is not appropriate to report the allowance in reserves. PROVINCIAL GRANTS RECEIVABLE ( xxx-xxx) Grants Receivable ( xxx-xxx) This category includes the operating and capital grants receivable from the Saskatchewan government. A school division should recognize a grant receivable arising from a government transfer when: it gains control of resources that meet the definition of an asset, i.e. by the financial statement date, the transfer has been authorized by the transferring government and the school division has met all of the eligibility criteria (past event); and the recognition criteria set out in PS1000 Financial Statement Concepts are met (i.e. the school division expects that the inflow of resources will occur, and the value can be reliably measured). Operating Grants ( xxx-xxx) Report any grant receivable owing from Ministry of Education for operating grants at the reporting date. Capital Grants ( xxx-xxx) Report any capital grants receivable owing from Ministry of Education. As grant payments are received to repay the outstanding capital grant, they are to be credited directly to Capital Grant Receivable and not recorded again as revenue. Other Provincial Grants ( xxx-xxx) Report any other grants receivable owing from the Saskatchewan government for operating program purposes. page 3

6 OTHER RECEIVABLES ( xxx-xxx) Accounts Receivable ( xxx-xxx) These accounts report operating accounts receivable owing to the school division at the reporting date. School Divisions ( xxx-xxx) Report operating accounts receivable owing to the school division from other school divisions at the reporting date (e.g. tuition fees). Federal Government ( xxx-xxx) Report operating accounts receivable owing to the school division from the Federal Government at the reporting date (e.g. tuition fees). First Nations ( xxx-xxx) Report operating accounts receivable owing to the school division from other First Nations Indian Bands at the reporting date (e.g. tuition fees). Individuals and Others ( xxx-xxx) Report operating accounts receivable owing to the school division from individuals and others at the reporting date (e.g. rental fees). Rent of Facilities ( xxx-xxx) Report operating accounts receivable owing to the school division for renting of facilities. GST Receivable ( xxx-xxx) Report the amount of GST rebates at standard rate (68%) owing to the school division at the reporting date. GST Receivable 100% ( xxx-xxx) Report the amount of GST rebates owing to the school division at the reporting date on taxable supplies that are eligible for a 100% GST rebate. Some taxable supplies are eligible for a 100% GST rebate, rather than the standard rate of 68% for school divisions. This includes qualifying printed books and software that can be considered an electronic version of a qualifying printed book (refer to Canada Revenue Agency website and/or publications for specific details). Accounting for the 100 % rebate in a separate account from the 68% rebate may facilitate record keeping and completion of GST returns. Accrued Interest ( xxx-xxx) Report other accrued interest owing to the school division at the reporting date. Tuition ( xxx-xxx) Report other tuition owing to the school division at the reporting date. Other ( xxx-xxx) Report other operating accounts receivable owing to the school division at the reporting date. page 4

7 Allowance for Uncollectable Accounts ( xxx-xxx) Allowance for Uncollectable Accounts Other ( xxx-xxx) Report estimated provisions for uncollectable accounts receivable, other than education property taxes, that the school division has made during the reporting period. A reasonable estimate based on historical collections, aging of accounts and/or other reasonable rationale is used to record an estimated expense of the amounts that will become uncollectible during the period. The balance in this account is reported as a contra-asset (credit balance) to the related accounts receivable group. When an amount is deemed uncollectable, the balance in this account will be removed with an offsetting entry to the receivable account where the amount was originally recorded. INVENTORIES FOR RESALE ( xxx-xxx) This category includes the inventories of goods held for resale. Inventories for Resale ( xxx-xxx) Other ( xxx-xxx) Report the amount of inventories of goods held for resale at the reporting date (e.g. division owned copyrighted textbooks held for sale to other school divisions). PORTFOLIO INVESTMENTS ( xxx-xxx) This section describes the school division s investments in organizations that do not form part of the government reporting entity. Portfolio Investments ( xxx-xxx) Other ( xxx-xxx) In this account report investments in organizations that do not form part of the Government of Saskatchewan reporting entity. This would include investments such as investments in GICs, term deposits, bonds, and equity instruments that have no maturity dates or have a maturity of greater than 3 months. Excluded from portfolio investments are the following: Investments included in Cash Equivalents Investments ( xxx-xxx) Investments in government business, which is an organization that has all of the following characteristics (PS ): page 5

8 a. it is a separate legal entity with the power to contract in its own name and that can sue and be sued; b. it has been delegated the financial and operational authority to carry on a business; c. it sells goods and services to individuals and organizations outside of the government reporting entity as its principal activity; and d. it can, in the normal course of its operations, maintain its operations and meet its liabilities from revenues received from sources outside of the government reporting entity. Loans receivable, defined as a financial asset of a government (the lender) represented by a promise by a borrower to repay a specific amount, at a specified time or times, or on demand, usually with interest. BANK INDEBTEDNESS ( xxx-xxx) This section describes the various types of bank indebtedness incurred by the school division for operating purposes on a short-term basis (i.e. less than one year). Bank Overdraft ( xxx-xxx) This category includes overdrafts of the school division s operating bank accounts. Principal ( xxx-xxx) Report the principal amount of overdrafts of the school division s operating bank accounts. Accrued Interest ( xxx-xxx) Report the accrued interest owing on operating bank account overdrafts at the reporting date. Other ( xxx-xxx) Report the amount of other operating bank accounts overdrafts. PROVINCIAL GRANT OVERPAYMENT ( xxx-xxx) Operating Grant Payable ( xxx-xxx) Operating Grant ( xxx-xxx) Report any grant repayable to the Ministry of Education at the reporting date as a result of an overpayment of the school division s operating grant. page 6

9 OTHER PAYABLES ( xxx-xxx) Liability for Contaminated Sites ( xxx-xxx) Liability for Contaminated Sites ( xxx) Report in this account the estimated obligation at the reporting date for the remediation of contaminated sites services. PSAB section PS 3260, defines that a liability for remediation arises due to the introduction into air, soil, water or sediment of a chemical, organic or radioactive material or live organism that exceeds an environmental standard. A liability for remediation normally results from items such as: all or part of an operation of the government or government organization that is no longer in productive use; all or part of an operation of entities outside the government reporting entity that is no longer in productive use for which the government accepts responsibility (for example, an abandoned gas station); changes to environmental standards relating to all or part of an operation that is no longer in productive use (for example, new regulations requiring the destruction of stored polychlorinated biphenyls (PCBs)); and an unexpected event resulting in contamination (for example, accidental toxic chemical spills or natural disasters). A contaminated site does not include airborne contamination or contaminants in the earth's atmosphere unless such contaminants have been introduced into soil, water bodies or sediment. An obligation for remediation of contaminated sites cannot be recognized as a liability unless all criteria below are satisfied: an environmental standard exists; contamination exceeds the environmental standard; the government: o is directly responsible; or o accepts responsibility; it is expected that future economic benefits will be given up; and a reasonable estimate of the amount can be made. Do not use this account for liabilities associated with the cost of a betterment or acquisition of tangible capital assets, liabilities associated with the retirement of long-lived tangible capital assets in productive use, and liabilities associated with the disposal or sale of long-lived assets. page 7

10 Accrued Salaries ( xxx-xxx) Report amounts owing to staff for services rendered, but not yet paid, at the reporting date. Accrued Teacher Salaries ( xxx-xxx) Report amounts owing to teacher contract staff for services rendered, but not yet paid, at the reporting date. This would include; for example, teaching days and support hours worked in August for the upcoming school year. Other ( xxx-xxx) Report amounts owing to other staff for services rendered, but not yet paid, at the reporting date. Payroll Deductions ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted at the reporting date. Canada Pension Plan - CPP ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted at the reporting date, for Canada Pension Plan. Employment Insurance - EI ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted at the reporting date, for Employment Insurance. Pension ( xxx-xxx) Report payroll deductions owing and employer s contributions owing, but not yet remitted at the reporting date, for Pension Plan. Group Benefit Plan ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted at the reporting date, for group benefit plans. Workers Compensation Board - WCB ( xxx-xxx) Report Workers Compensation Board premiums owing but not yet remitted at the reporting date. TSC Formula Plan ( xxx-xxx) Report payroll deductions owing, but not yet remitted at the reporting date, for TSC Formula Plan. STRP ( xxx-xxx) Report payroll deductions owing, but not yet remitted at the reporting date, for STRP. Other Payroll Benefits ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted at the reporting date, for other payroll benefits. Other ( xxx-xxx) Report payroll deductions owing, but not yet remitted at the reporting date, for other payroll deductions. page 8

11 Due to Other Boards ( xxx-xxx) Report operating accounts payable owing by the school division to other boards at the reporting date. Tuition ( xxx-xxx) Reports tuition fees owing to other boards at the reporting date. Other ( xxx-xxx) Report other operating accounts payable owing to other boards at the reporting date. Debentures Principal and Interest Due and Unpaid ( xxx-xxx) Report amounts owing for matured debentures at the reporting date. Principal ( xxx-xxx) Report the principal owing on matured debentures at the reporting date. Accrued Interest ( xxx-xxx) Report the accrued interest owing on matured debentures at the reporting date. Taxes Due to Municipalities ( xxx-xxx) Report property taxes owing to municipalities at the reporting date on non-exempt school division property. Urban Municipalities ( xxx-xxx) Report property taxes owing to urban municipalities at the reporting date on non-exempt school division property. Rural Municipalities ( xxx-xxx) Report property taxes owing to rural municipalities at the reporting date on non-exempt school division property. Other ( xxx-xxx) Report other taxes owing to municipalities at the reporting date on non-exempt school division property. Outstanding Invoices ( xxx-xxx) Other ( xxx-xxx) In this account report outstanding invoices owing for operating accounts payable at the reporting date. Other Accounts Payable ( xxx-xxx) Other ( xxx-xxx) Report other outstanding amounts owing for operating accounts payable at the reporting date. page 9

12 SHORT TERM LOANS ( xxx-xxx) This section describes the various types of loans incurred by the school division for operating purposes on a short-term basis (i.e. less than one year). Operating Loans ( xxx-xxx) This category includes short-term operating loans of the school division. Principal ( xxx-xxx) Report the principal amount of short-term operating loans of the school division. Operating Loans Accrued Interest ( xxx-xxx) Report the accrued interest owing on short-term operating loans at the reporting date. Other ( xxx-xxx) Report the other short-term operating loans outstanding at the reporting date. DEBENTURES UNMATURED ( xxx-xxx) This section describes the amounts owing by the school division for un-matured debenture debt. School Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for un-matured debentures on school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest owing for unmatured debentures on school facilities. Other Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for unmatured debentures on non-school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest owing for unmatured debentures on non-school facilities. page 10

13 CAPITAL LOANS ( xxx-xxx) This section describes the amounts owing by the school division for capital loan debt. School Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for capital loans on school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest for capital loans on school facilities. Other Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for capital loans on non-school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest for capital loans on non-school facilities. OTHER LONG TERM DEBT ( xxx-xxx) This section describes the amounts owing by the school division for other long-term debt. School Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for other long-term debt on school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest for other long-term debt on school facilities. Other Facilities ( xxx-xxx) Principal ( xxx-xxx) Report the school division s principal owing for other long-term debt on non-school facilities. Accrued Interest ( xxx-xxx) Report the school division s accrued interest for other long-term debt on non-school facilities. page 11

14 ACCRUED EMPLOYEE BENEFITS ( xxx-xxx) This section describes the accrued employee benefits liabilities owing by the school division for operating purposes. Accrued Employee Benefits ( xxx-xxx) Other ( xxx-xxx) Report the accrued employee future benefits as calculated by actuarial valuation. This figure represents the accumulated liability for the school division associated with sick leave, vacation and extended health coverage. CAPITAL LEASES ( xxx-xxx) This section describes the amounts owing by the school division for capital leases. Capital leases are tracked separately to meet reporting requirements of the Ministry of Finance. A lease is capitalized and defined as a capital lease when one or more of the following criteria are met (PSG-2. 5): the lease term is greater than 75% of the property s estimated economic life; the lease contains an option to purchase the property for less than fair market value; ownership of the property is transferred to the lessee at the end of the lease term; or the present value of the lease payments exceeds 90% of the fair market value of the property. Capital Leases ( xxx-xxx) Principal ( xxx-xxx) Report the principal amount of capital leases for the school division. Accrued Interest ( xxx-xxxx) Report accrued interest on capital leases. page 12

15 DEFERRED REVENUES ( xxx-xxx) This section reports deferred revenue from: Government transfers which are restricted grants with stipulations that give rise to a liability for which the stipulations have not yet been fulfilled. The revenue is recognized as the stipulation liabilities are settled. Non-government sources that represent fees or payments for services received in advance of the fee being earned or the services being performed, and other contributions for which the contributor has placed restrictions on the use of the resources. Revenue from tuition and related fees is recognized as the course is delivered; revenue from contractual services is recognized as the services are delivered, and revenue from other contributions is recognized in the fiscal year in which the resources are used for the purpose specified by the contributor. Deferred Revenues for Future Capital Projects ( xxx-xxx) Deferred Capital Tuition ( xxx-xxx) This account reports the share of the capital contribution from federal and first nations Indian Band tuition fees. The balance of this account is revenue which will be used in the ministry s future approved capital projects. Deferred Grants Future Capital Projects ( xxx-xxx) This account reports the capital restricted grants from Ministry of Education that include stipulations that meet the definition of a liability. The balance of this account is revenue which will be used in the ministry s future approved capital projects. Sale of School Buildings ( xxx-xxx) This account reports the 90% of the proceeds on sale of school buildings, which will be used in future planned projects approved by the ministry. Other ( xxx-xxx) This account includes other deferred revenues held by the school division for future capital projects for which there is not otherwise a specified category. Deferred Revenues Non Capital ( xxx-xxx) Other ( xxx-xxx) This account includes other deferred revenues held by the school division for future recognition for which there is not otherwise a specified category (i.e. Grants in lieu, discounts, etc.). page 13

16 TANGIBLE CAPITAL ASSETS ( xxx-xxx) This category includes tangible capital asset accounts and the corresponding accumulated amortization (PS3150). Physical Assets ( xxx-xxx) Land ( xxx-xxx) Reports the historical cost of all land owned by the school division at the reporting date. Land Improvements ( xxx-xxx) Report the historical cost of land improvements paid for the by the school division. Examples include driveways, bus loops, landscaping, walkways, parking lots and lighting and fences. Buildings ( xxx-xxx) Report the historical cost of all buildings (schools, office, transportation, maintenance, residences, other) owned by the school division. School Buses ( xxx-xxx) Report the historical cost of all school buses owned by the school division. Bus purchases that meet the requirements of a capital lease should also be included in this account. Other Vehicles ( xxx-xxx) Report the historical cost of all other vehicles owned by the school division. Vehicle purchases that meet the requirements of a capital lease should also be included in this account. Furniture & Equipment ( xxx-xxx) Report the historical cost of all furniture and equipment owned by the school division that meets the definition of a tangible capital asset. Computer Hardware ( xxx-xxx) Report the historical cost of all computer hardware owned by the school division that meets the definition of a tangible capital asset. Computer purchases that meet the requirements of a capital lease should also be included in this account. Computer Software ( xxx-xxx) Report the historical cost of all computer software owned by the school division that meets the definition of a tangible capital asset. Assets under construction ( xxx-xxx) Report the cost of assets under construction but not in use at the fiscal reporting date. Assets under construction should not be amortized until they are brought into use. At this time, they should be transferred to the respective asset account. Buildings Short Term ( xxx-xxx) Report the historical cost of all buildings - short term (portables, storage shed, outbuildings, garages etc.) owned by the school division. page 14

17 Accumulated Amortization Tangible Capital Assets ( xxx-xxx) Land Improvements ( xxx-xxx) Record the accumulated amortization of capitalized land improvements. Buildings ( xxx-xxx) Record the accumulated amortization of capitalized buildings. School Buses ( xxx-xxx) Record the accumulated amortization of capitalized buses. Other Vehicles ( xxx-xxx) Record the accumulated amortization of capitalized other vehicles. Furniture & Equipment ( xxx-xxx) Record the accumulated amortization of capitalized furniture & equipment. Computer Hardware ( xxx-xxx) Record the accumulated amortization of capitalized computer hardware. Computer Software ( xxx-xxx) Record the accumulated amortization of capitalized computer software. Buildings Short Term ( xxx-xxx) Record the accumulated amortization of capitalized buildings short term. INVENTORIES ( xxx-xxx) This category includes the inventories of goods held for use by the division. Inventories of Supplies - Not for Resale ( xxx-xxx) Inventories of Supplies ( xxx-xxx) Report the amount of inventories of goods held for internal consumption at the reporting date. PREPAID ITEMS ( xxx-xxx) This category includes the unused portion of prepaid operating expenses at the reporting date. Prepaid Items ( xxx-xxx) Fees ( xxx-xxx) Report the amount of prepaid fees at the reporting date (e.g. SSBA membership fees). page 15

18 Consumable Supplies ( xxx-xxx) Report the amount of prepaid consumable supplies at the reporting date (e.g. prepaid postage meter). Insurance ( xxx-xxx) Report the amount of prepaid insurance at the reporting date. Other ( xxx-xxx) Report the amount of other prepaid operating expenses at the reporting date for which there is not otherwise a specified category. ACCUMULATED SURPLUS (DEFICIT) ( xxx-xxx) This section describes the accumulated surplus (deficit) of the school division. Accumulated Surplus (Deficit) ( xxx-xxx) Net Change in Accumulated Remeasurement Gains/Losses ( xxx-xxx) In this account, report the net annual increase or decrease in accumulated remeasurement gains and losses that resulted from unrealized gains and losses associated with changes in value of financial instruments recorded at fair value or denominated in a foreign currency at the reporting date. Accumulated Remeasurement Gains/Losses (Beginning of Year) ( xxx-xxx) In this account, report the unrealized gains and losses, at the beginning of the reporting period, arising from changes in value of financial instruments recorded at fair value or denominated in a foreign currency. Unrealized remeasurement gains and losses are accumulated in this account until the financial instrument they are associated with is derecognized (i.e. disposed of, settled, cancelled or otherwise extinguished). Upon derecognition of the instrument, the accumulated remeasurement gains and losses are reclassified to the Statement of Operations (i.e. realized). Accumulated Surplus (Deficit) from Operations ( xxx-xxx) This category includes the accumulated surplus (deficit) of the school division s operations. A credit balance represents an accumulated surplus and a debit balance represents an accumulated deficit. page 16

19 RESTRUCTURING ( xxx-xxx) This section describes the restructuring activities of the school division, related to the transfer/receipt of assets or programing to/from another party. Cash and Cash Equivalents Cash on Hand/Petty Cash ( xxx-xxx) Report the petty cash funds transferred/received as a result of Cash on Hand/Other ( xxx-xxx) Report other cash funds transferred/received as a result of Cash in Bank/Operating Account ( xxx-xxx) Report the cash held in an operating bank account transferred/received as a result of Cash in Bank/Savings Account ( xxx-xxx) Report the cash held in a savings account transferred/received as a result of Cash in Bank/Other ( xxx-xxx) Report other bank account funds transferred/received as a result of Cash Equivalents/Cash Equivalents Investments ( xxx-xxx) Report highly liquid investments which have a short term maturity of three months or less from the date of acquisition transferred/received as a result of Accounts Receivables Cash-in-Transit/Other ( xxx-xxx) Report cash-in-transit transferred/received as a result of Taxes Collected /Other ( xxx-xxx) Report school taxes, trailer license fees, and grants-in-lieu of taxes collected by the municipality, but not yet remitted transferred/received as a result of Taxes Uncollected/Other ( xxx-xxx) Report school taxes (current and arrears) that are owed and are not yet collected by the municipality transferred/received as a result of Tax Title Property/Other ( xxx-xxx) Report school taxes owing on account of tax title properties, both sold and not yet remitted and unsold properties transferred/received as a result of Allowance for Uncollectable Taxes/Other ( xxx-xxx) Report the provision that the school division has made for the estimated uncollectable portion of school taxes receivable transferred/received as a result of page 17

20 Grants Receivable/Operating Grants ( xxx-xxx) Report grant receivables owing from Ministry of Education for operating grants transferred/received as a result of Grants Receivable/Capital Grants ( xxx-xxx) Report capital grants receivable owing from the Ministry of Education transferred/received as a result of Grants Receivable/Other Provincial Grants ( xxx-xxx) Report other grants receivable owing from the Saskatchewan government for operating program purposes transferred/received as a result of Accounts Receivable/School Divisions ( xxx-xxx) Report operating accounts receivable owing to the school division from other school divisions transferred/received as a result of Accounts Receivable/Federal Government ( xxx-xxx) Report operating accounts receivable owing to the school division from the Federal Government transferred/received as a result of Accounts Receivable/First Nations ( xxx-xxx) Report operating accounts receivable owing to the school division from First Nations (e.g. tuition fees) transferred/received as a result of Accounts Receivable/Individuals and Others ( xxx-xxx) Report operating accounts receivable owing to the school division from individuals and others (e.g. rental fees) transferred/received as a result of Accounts Receivable/Rent of Facilities ( xxx-xxx) Report operating accounts receivable owing to the school division for renting of facilities transferred/received as a result of Accounts Receivable/GST Receivable ( xxx-xxx) Report the amount of GST rebates at standard rate (68%) owing to the school division transferred/received as a result of Accounts Receivable/GST Receivable 100% ( xxx-xxx) Report the amount of GST rebates owing to the school division on taxable supplies that are eligible for a 100% GST rebate transferred/received as a result of Accounts Receivable/Accrued Interest ( xxx-xxx) Report other accrued interest owing to the school division transferred/received as a result of Accounts Receivable/Tuition ( xxx-xxx) Report other tuition owing to the school division transferred/received as a result of page 18

21 Accounts Receivable/Other ( xxx-xxx) Report other operating accounts receivable owing to the school division transferred/received as a result of Allowance for Uncollectable Accounts/Other ( xxx-xxx) Report estimated provisions for uncollectable accounts receivable, other than education property taxes, transferred/received as a result of Inventories for Sale Inventories for Resale/Other ( xxx-xxx) Report the amount of inventories of goods held for resale (e.g. division owned copyrighted textbooks held for sale to other school divisions) transferred/received as a result of Portfolio Investments Portfolio Investments/Other ( xxx-xxx) Report investments in organizations that do not form part of the Government of Saskatchewan reporting entity (investments in GICs, term deposits, bonds, and equity instruments that have no maturity dates or have a maturity of greater than 3 months) transferred/received as a result of Bank Indebtedness Bank Overdraft/Principal ( xxx-xxx) Report the principal amount of overdrafts of the school division s operating bank accounts transferred/received as a result of Bank Overdraft/Accrued Interest ( xxx-xxx) Report the accrued interest owing on operating bank account overdrafts transferred/received as a result of Bank Overdraft/Other ( xxx-xxx) Report the amount of other operating bank accounts overdrafts transferred/received as a result of Provincial Grant Overpayment Grant Payable/Operating Grant ( xxx-xxx) Report any grant repayable to the Ministry of Education at the reporting date as a result of an overpayment of the school division s operating grant transferred/received as a result of Accounts Payable and Accrued Liabilities Other Payables/Liability for Contaminated Sites ( xxx) Report the estimated obligation for the remediation of contaminated sites services transferred/received as a result of page 19

22 Accrued Salaries/Accrued Teacher Salaries ( xxx-xxx) Report amounts owing to teacher contract staff for services rendered, but not yet paid, transferred/received as a result of Accrued Salaries/Other ( xxx-xxx) Report amounts owing to other staff for services rendered, but not yet paid, transferred/received as a result of Payroll Deductions/Canada Pension Plan - CPP ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted, for Canada Pension Plan transferred/received as a result of Payroll Deductions/Employment Insurance - EI ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted, for Employment Insurance transferred/received as a result of Payroll Deductions/Pension ( xxx-xxx) Report payroll deductions owing and employer s contributions owing, but not yet remitted, for Pension Plan transferred/received as a result of Payroll Deductions/Group Benefit Plan ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted, for group benefit plans transferred/received as a result of Payroll Deductions/Workers Compensation Board - WCB ( xxx-xxx) Report Workers Compensation Board premiums owing, but not yet remitted, transferred/received as a result of Payroll Deductions/TSC Formula Plan ( xxx-xxx) Report payroll deductions owing, but not yet remitted, for TSC Formula Plan transferred/received as a result of Payroll Deductions/STRP ( xxx-xxx) Report payroll deductions owing, but not yet remitted, for STRP transferred/received as a result of Payroll Deductions/Other Payroll Benefits ( xxx-xxx) Report payroll deductions and employer s contributions owing, but not yet remitted, for other payroll benefits transferred/received as a result of Payroll Deductions/Other ( xxx-xxx) Report payroll deductions owing, but not yet remitted, for other payroll deductions transferred/received as a result of Due to Other Boards/Tuition ( xxx-xxx) Report tuition fees owing to other boards transferred/received as a result of page 20

23 Due to Other Boards/Other ( xxx-xxx) Report other operating accounts payable owing to other boards transferred/received as a result of Debentures Principal and Interest Due and Unpaid/Principal ( xxx-xxx) Report the principal owing on matured debentures transferred/received as a result of Debentures Principal and Interest Due and Unpaid/Accrued Interest ( xxx-xxx) Report the accrued interest owing on matured debentures transferred/received as a result of Taxes Due to Municipalities/Urban Municipalities ( xxx-xxx) Report property taxes owing to urban municipalities on non-exempt school division property transferred/received as a result of Taxes Due to Municipalities/Rural Municipalities ( xxx-xxx) Report property taxes owing to rural municipalities on non-exempt school division property transferred/received as a result of Taxes Due to Municipalities/Other ( xxx-xxx) Report other taxes owing to municipalities on non-exempt school division property transferred/received as a result of Outstanding Invoices/Other ( xxx-xxx) Report outstanding invoices owing for operating accounts payable transferred/received as a result of Other Accounts Payable/Other ( xxx-xxx) Report other outstanding amounts owing for operating accounts payable transferred/received as a result of Short-Term Loans Operating Loans/Principal ( xxx-xxx) Report the principal amount of short-term operating loans transferred/received as a result of Operating Loans/Accrued Interest ( xxx-xxx) Report the accrued interest owing on short-term operating loans transferred/received as a result of Operating Loans/Other ( xxx-xxx) Report the other short-term operating loans outstanding transferred/received as a result of page 21

24 Long-Term Debt Other Long-Term Debt/School Facilities/Principal ( xxx-xxx) Report the principal owing for un-matured debentures on school facilities transferred/received as a result of Other Long-Term Debt/School Facilities/Accrued Interest ( xxx-xxx) Report the accrued interest owing for un-matured debentures on school facilities transferred/received as a result of Other Long-Term Debt/Other Facilities/Principal ( xxx-xxx) Report the principal owing for un-matured debentures on non-school facilities transferred/received as a result of Other Long-Term Debt/Other Facilities/Accrued Interest ( xxx-xxx) Report the accrued interest owing for un-matured debentures on non-school facilities transferred/received as a result of Capital Leases/Principal ( xxx-xxx) Report the principal amount of capital leases transferred/received as a result of Capital Leases/Accrued Interest ( xxx-xxxx) Report accrued interest on capital leases transferred/received as a result of Liability for Employee Future Benefits Accrued Employee Future Benefits/Other ( xxx-xxx) Report the accrued employee future benefits transferred/received as a result of Deferred Revenues Deferred Revenues for Future Capital Projects/Deferred Capital Tuition ( xxx-xxx) Report the share of the capital contribution from federal/first Nations tuition fees transferred/received as a result of Deferred Revenues for Future Capital Projects/Deferred Grants Future Capital Projects ( xxx-xxx) Report the capital restricted grants from Ministry of Education that include stipulations that meet the definition of a liability transferred/received as a result of Deferred Revenues for Future Capital Projects/Sale of School Buildings ( xxx-xxx) Report the 90% of the proceeds on sale of school buildings, which will be used in future planned projects approved by the ministry, transferred/received as a result of Deferred Revenues for Future Capital Projects/Other ( xxx-xxx) Report deferred revenues held for future capital projects for which there is not otherwise a specified category, transferred/received as a result of page 22

25 Deferred Revenues Non-Capital/Other ( xxx-xxx) Report other deferred revenues held for future recognition for which there is not otherwise a specified category (i.e. grants in lieu, discounts, etc.) transferred/received as a result of Tangible Capital Assets While the transferor in the restructuring transactions will transfer out both the physical asset and the related accumulated amortization of that asset, the transferee will only transfer in the net book value of the assets at the time of Therefore, the transferee will not receive any accumulated amortization amounts. Any assets that have a net book value of $0 will not be recorded by the transferee. Physical Assets/Land ( xxx-xxx) Report the capitalized land transferred/received as a result of Physical Assets/Land Improvements ( xxx-xxx) Report the capitalized land improvements transferred/received as a result of Physical Assets/Buildings ( xxx-xxx) Report the capitalized buildings transferred/received as a result of Physical Assets/School Buses ( xxx-xxx) Report the capitalized school buses transferred/received as a result of Physical Assets/Other Vehicles ( xxx-xxx) Report the capitalized other vehicles transferred/received as a result of Physical Assets/Furniture & Equipment ( xxx-xxx) Report the capitalized furniture and equipment transferred/received as a result of Physical Assets/Computer Hardware ( xxx-xxx) Report the capitalized computer hardware transferred/received as a result of Physical Assets/Computer Software ( xxx-xxx) Report the capitalized computer software transferred/received as a result of Physical Assets/Assets Under Construction ( xxx-xxx) Report the assets under construction, but not in use, transferred/received as a result of Physical Assets/Buildings Short-Term ( xxx-xxx) Report the capitalized buildings - short-term transferred/received as a result of Accumulated Amortization Tangible Capital Assets/Land Improvements ( xxx-xxx) Record the accumulated amortization of capitalized land improvements transferred as a result of page 23

26 Accumulated Amortization Tangible Capital Assets/Buildings ( xxx-xxx) Record the accumulated amortization of capitalized buildings transferred as a result of Accumulated Amortization Tangible Capital Assets/School Buses ( xxx-xxx) Record the accumulated amortization of capitalized buses transferred as a result of Accumulated Amortization Tangible Capital Assets/Other Vehicles ( xxx-xxx) Record the accumulated amortization of capitalized other vehicles transferred as a result of Accumulated Amortization Tangible Capital Assets/Furniture & Equipment ( xxx-xxx) Record the accumulated amortization of capitalized furniture & equipment transferred as a result of Accumulated Amortization Tangible Capital Assets/Computer Hardware ( xxx-xxx) Record the accumulated amortization of capitalized computer hardware transferred as a result of Accumulated Amortization Tangible Capital Assets/Computer Software ( xxx-xxx) Record the accumulated amortization of capitalized computer software transferred as a result of Accumulated Amortization Tangible Capital Assets/Buildings Short-Term ( xxx-xxx) Record the accumulated amortization of capitalized buildings short-term transferred as a result of Inventories of Supplies - Not for Resale Inventories of Supplies ( xxx-xxx) Report the amount of inventories of goods held for internal consumption transferred/received as a result of Prepaid Items Fees ( xxx-xxx) Report the amount of prepaid fees transferred/received as a result of Consumable Supplies ( xxx-xxx) Report the amount of prepaid consumable supplies transferred/received as a result of Insurance ( xxx-xxx) Report the amount of prepaid insurance transferred/received as a result of Other ( xxx-xxx) Report the amount of other prepaid operating expenses transferred/received as a result of page 24