Schools' Finance Branch 5111181 Portage Avenue Winnipeg, Manitoba R3G 0T3 SEINE RIVER SCHOOL DIVISION 475A SENEZ STREET LORETTE, MANITOBA R0A 0Y0 AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30, 2015
TABLE OF CONTENTS 2014/2015 FINANCIAL STATEMENTS PAGE AUDITOR'S REPORT AUDITOR'S REPORT ON ENROLMENT (with EIS Cert. part 2 of 2) AUDITOR'S MANAGEMENT LETTER MANAGEMENT RESPONSIBILITY LETTER ORGANIZATIONAL CHART CONSOLIDATED STATEMENT OF FINANCIAL POSITION 1 STATEMENT OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 2 STATEMENT OF CHANGE IN NET DEBT 3 STATEMENT OF CASH FLOW 4 NOTES TO THE FINANCIAL STATEMENTS ANALYSIS OF CONSOLIDATED ACCUMULATED SURPLUS 5 OPERATING FUND SCHEDULE OF FINANCIAL POSITION 6 SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 7 REVENUE DETAIL: PROVINCE OF MANITOBA 8 9 REVENUE DETAIL: NONPROVINCIAL GOVERNMENT SOURCES 10 EXPENSE BY FUNCTION AND BY OBJECT 11 EXPENSE DETAIL Function 100: Regular Instruction 12 Function 200: Student Support Services 13 Function 300: Adult Learning Centres 14 Function 400: Community Education and Services 15 Function 500: Divisional Administration 16 Function 600: Instructional and Other Support Services 17 Function 700: Transportation of Pupils 18 Function 800: Operations and Maintenance 19 DETAIL OF TRANSFERS TO (FROM) CAPITAL FUND 20 CAPITAL FUND SCHEDULE OF FINANCIAL POSITION 21 SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 22 SCHEDULE OF TANGIBLE CAPITAL ASSETS 23 SCHEDULE OF RESERVE ACCOUNTS 24 SPECIAL PURPOSE FUND SCHEDULE OF FINANCIAL POSITION 25 SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS 26 STUDENT ENROLMENTS (FRAME) AND TRANSPORTATION STATISTICS (unaudited) 27 FULL TIME EQUIVALENT PERSONNEL (unaudited) 28 CALCULATION OF ADMINISTRATION COSTS (audited) 29
Organizational Chart Board of Trustees Superintendent Admin Assistant Secretary Treasurer Admin Assistant Assistant Superintendent CI Assistant Superintendent SS Admin Assistant Maintenance Supervisor Transport Supervisor Finance Manager HR Consultant IT Manager Workplace Safety and Health Officer Literacy Consultant Numeracy Consultant French Immersion Consultant School Administration Clinicians EY Literacy Consultant Student Services Consultant Operations Coordinator Accounts Payable Payroll Clerks (2) Secretary Reception Software Support Tech. (2) Network Support Tech. (2) Resource Teachers / Counsellors Secretaries / Library Techs Teachers Educational Assistants Custodians HVAC Person Secretary Reception Dispatcher (.5) Utility Maint.(2) Mechanics & Courier Driver Bus Drivers & Monitors
CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at June 30 Notes 2015 2014 Financial Assets Cash and Bank Due from Provincial Government 1,171,338 3,717,444 Federal Government 139,514 139,527 Municipal Government 8,399,761 7,529,651 Other School Divisions 281 First Nations Accounts Receivable 54,859 85,465 Accrued Investment Income Portfolio Investments 9,765,753 11,472,087 Liabilities 4 Overdraft 3,067,392 6,588,006 Accounts Payable 1,481,581 1,837,599 Accrued Liabilities 625,606 398,389 5 Employee Future Benefits 182,334 208,826 Accrued Interest Payable 570,118 589,310 Due to Provincial Government 149,570 142,106 Federal Government 1,858,697 2,068,828 Municipal Government 69,575 69,816 Other School Divisions First Nations 6 Deferred Revenue 1,463,080 4,398 7 Debenture Debt 27,524,152 27,907,861 Other Borrowings School Generated Funds Liability 45,977 28,801 37,038,082 39,843,940 Net Debt (27,272,329) (28,371,853) NonFinancial Assets 9 Net Tangible Capital Assets (TCA Schedule) 37,072,051 36,373,724 Inventories Prepaid Expenses 43,868 712,906 37,115,919 37,086,630 10 Accumulated Surplus 9,843,590 8,714,777 See accompanying notes to the Financial Statements 1
CONSOLIDATED STATEMENT OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS For the Year Ended June 30 Notes 2015 2014 Revenue Provincial Government 37,044,569 35,613,332 Federal Government 20,711 4,861 11 Municipal Government Property Tax 12,510,069 10,990,895 Other Other School Divisions 263,994 288,980 First Nations 41,964 55,640 Private Organizations and Individuals 45,098 43,450 Other Sources 138,523 77,705 School Generated Funds 780,634 1,035,646 Other Special Purpose Funds 50,845,562 48,110,509 13 Expenses Regular Instruction 26,027,136 23,939,690 Student Support Services 7,572,025 7,711,600 Adult Learning Centres 296,541 293,136 Community Education and Services 197,053 179,371 Divisional Administration 1,622,228 1,411,835 Instructional and Other Support Services 1,531,610 1,416,595 Transportation of Pupils 3,002,112 2,967,277 Operations and Maintenance 4,618,770 4,359,874 12 Fiscal Interest 1,377,545 1,415,268 Other 737,279 705,614 Amortization 2,020,019 1,906,023 Other Capital Items 8 School Generated Funds 740,923 1,035,045 Other Special Purpose Funds 49,743,241 47,341,328 Current Year Surplus (Deficit) before Nonvested Sick Leave 1,102,321 769,181 5 Less: Nonvested Sick Leave Expense (Recovery) (26,492) 76,850 Net Current Year Surplus (Deficit) 1,128,813 692,331 Opening Accumulated Surplus 8,714,777 8,022,446 Adjustments: Tangible Cap. Assets and Accum. Amort. Other than Tangible Cap. Assets Nonvested sick leave prior years Opening Accumulated Surplus, as adjusted 8,714,777 8,022,446 10 Closing Accumulated Surplus 9,843,590 8,714,777 See accompanying notes to the Financial Statements 2
CONSOLIDATED STATEMENT OF CHANGE IN NET DEBT For the Year Ended June 30, 2015 2015 2014 Net Current Year Surplus (Deficit) 1,128,813 692,331 Amortization of Tangible Capital Assets 2,020,019 1,906,023 Acquisition of Tangible Capital Assets (2,730,617) (2,465,893) (Gain) / Loss on Disposal of Tangible Capital Assets 7,771 (8,400) Proceeds on Disposal of Tangible Capital Assets 4,500 8,400 (698,327) (559,870) Inventories (Increase)/Decrease Prepaid Expenses (Increase)/Decrease 669,038 (590,395) 669,038 (590,395) (Increase)/Decrease in Net Debt 1,099,524 (457,934) Net Debt at Beginning of Year (28,371,853) (27,913,919) Adjustments Other than Tangible Cap. Assets (28,371,853) (27,913,919) Net Debt at End of Year (27,272,329) (28,371,853) 3
CONSOLIDATED STATEMENT OF CASH FLOW For the Year Ended June 30, 2015 2015 2014 Operating Transactions Net Current Year Surplus (Deficit) 1,128,813 692,331 NonCash Items Included in Current Year Surplus/(Deficit): Amortization of Tangible Capital Assets 2,020,019 1,906,023 (Gain)/Loss on Disposal of Tangible Capital Assets 7,771 (8,400) Employee Future Benefits Increase/(Decrease) (26,492) 76,850 Due from Other Organizations (Increase)/Decrease 1,675,728 (2,991,899) Accounts Receivable & Accrued Income (Increase)/Decrease 30,606 (14,474) Inventories and Prepaid Expenses (Increase)/Decrease 669,038 (590,395) Due to Other Organizations Increase/(Decrease) (202,908) 130,248 Accounts Payable & Accrued Liabilities Increase/(Decrease) (147,993) 580,244 Deferred Revenue Increase/(Decrease) 1,458,682 (1,786,332) School Generated Funds Liability Increase/(Decrease) 17,176 13,242 Adjustments Other than Tangible Cap. Assets Cash Provided by (Applied to) Operating Transactions 6,630,440 (1,992,562) Capital Transactions Acquisition of Tangible Capital Assets (2,730,617) (2,465,893) Proceeds on Disposal of Tangible Capital Assets 4,500 8,400 Cash Provided by (Applied to) Capital Transactions (2,726,117) (2,457,493) Investing Transactions Portfolio Investments (Increase)/Decrease Cash Provided by (Applied to) Investing Transactions Financing Transactions Debenture Debt Increase/(Decrease) (383,709) (459,477) Other Borrowings Increase/(Decrease) Cash Provided by (Applied to) Financing Transactions (383,709) (459,477) Cash and Bank / Overdraft (Increase)/Decrease 3,520,614 (4,909,532) Cash and Bank (Overdraft) at Beginning of Year (6,588,006) (1,678,474) Cash and Bank (Overdraft) at End of Year (3,067,392) (6,588,006) 4
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 Nature of Organization and Economic Dependence The Seine River School Division (Division) is a public body that provides education services to residents within its geographic location. The division is funded mainly by grants from the Province of Manitoba (Province), and a special levy on the property assessment included in the Division s boundaries. The Division is exempt from income tax and is a registered charity under the Income Tax Act. The Division is economically dependent on the Province for the majority of its revenue and capital financing requirements. Without this funding, the Division would not be able to continue its operations. 1. Significant Accounting Policies The consolidated financial statements have been prepared by management in accordance with Canadian public sector accounting standards established by the Public Sector Accounting Board (PSAB) of Chartered Professional Accountants Canada (CPA Canada). Reporting Entity and Consolidation The consolidated financial statements reflect the assets, liabilities, revenues and expenses of the operating fund, capital fund, and special purpose fund of the Division. The Division reporting entity includes school generated funds controlled by the Division. All interfund accounts and transactions are eliminated upon consolidation. Basis of Accounting Revenues and expenses are reported on the accrual basis of accounting except when the accruals cannot be determined with a reasonable degree of certainty or when their estimation is impracticable. The accrual basis of accounting recognizes revenues as they are earned and measurable; expenses are recognized as they are incurred and measurable as a result of the receipt of goods or services and the creation of a legal obligation to pay. Expenses also include the amortization of tangible capital assets. Fund Accounting The fund method of accounting is employed by the Division to record financial transactions in separate funds as defined by Financial Reporting and Accounting in Manitoba Education (FRAME) in accordance with the purpose for which the funds have been created. The Operating Fund is maintained to record all the day to day operating revenues and expenses. The Capital Fund is used to account for the acquisition, amortization, disposal and financing of capital assets. The Special Purpose Fund is used to account for school generated funds and charitable foundations controlled by the Division. School Generated Funds School generated funds are monies raised by the school, or under the auspices of the school, through extracurricular activities for the sole use of the school that the principal of each school, subject to the rules of the school board, may raise, hold, administer and expend for the purposes of the school. Only revenue and expenses of school generated funds controlled by the Division are included in the Consolidated Statement of Revenue, Expenses and Accumulated Surplus. To be deemed as controlled, a school must have the unilateral authority to make the decisions as to when, how and on what the funds are to be spent. Period end cash balances of all school generated funds are included in the Consolidated Statement of Financial Position. The uncontrolled portion of this amount is reflected in the School Generated Funds Liability account. Examples of uncontrolled school generated funds are parent council funds, other parent group funds, student council funds and travel club funds. Revenues and expenses of uncontrolled school generated funds are not included in the consolidated financial statements. Tangible Capital Assets Tangible capital assets are nonfinancial assets that are used by the Division to provide services to the public and have an economic life beyond one fiscal year. Tangible capital assets include land, buildings, buses, other vehicles, furniture and equipment, computers, capital leases, leasehold improvements, and assets under construction.
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 To be classified as tangible capital assets, each asset other than land must individually meet the capitalization threshold for its class as prescribed by FRAME. Asset Description Capitalization Threshold ($) Estimated Useful Life Land improvements 25,000 10 years Buildings bricks, mortar, steel 25,000 40 years Buildings wood frame 25,000 25 years School buses 20,000 10 years Vehicles 10,000 5 years Equipment 10,000 5 years Network infrastructure 25,000 10 years Computer hardware, servers, peripherals 5,000 4 years Computer software 10,000 4 years Furniture and fixtures 5,000 10 years Leasehold improvements 25,000 Over term of lease Grouping of assets is not permitted except for computer work stations. All land acquired prior to June 30, 2006 has been valued by the Crown Lands and Property Agency. With the exception of land acquired prior to June 30, 2006, all tangible capital assets, are recorded at historical cost, which includes purchase price, installation costs and other costs incurred to put the asset into service. Buildings are recorded at historical cost when known. For buildings acquired prior to June 30, 2005 where the actual cost was not known, the replacement value for insurance purposes as at June 30, 2005 was regressed to the date of acquisition using a regression index based on Southam and CanaData construction cost indices. All tangible capital assets, except for land, and assets under construction, are amortized on a straightline basis over their estimated useful lives as prescribed by FRAME. Land is not amortized. Onehalf of the annual amortization is charged in the year of acquisition and in the year of disposal if not fully amortized. Assets under construction are not amortized until the date of substantial completion. Interest on funds used to finance school buildings under construction is capitalized for the periods preceding the date of substantial completion. Employee Future Benefits The Province of Manitoba pays the employer portion of the Teachers Retirement Allowances Fund (TRAF), the pension plan for all certified teachers of the Division. The Division does not contribute to TRAF, and no costs relating to this plan are included in the Division s financial statements. The Division provides parental leave benefits to all certified teachers of the Division. The Division provides retirement and other future benefits to its administrative employees. These benefits include defined contribution pension and parental leave. The Division adopted the following policy with respect to accounting for these employee future benefits: Defined Contribution Pension Plan The Division pays the employer portion of a defined contribution plan handled by the Manitoba School Boards Association (MSBA) for administrative employees. Under this plan, specific fixed amounts are contributed by the Division each period for services rendered by the employees, matching employee contributions. No responsibility is assumed by the Division to make any further contribution. Defined Benefit/SelfInsured Employee Future Benefit Plans For those defined benefit selfinsured plans that are event driven such as nonvesting parental leave, the benefit costs are recognized and recorded only in the period when the event occurs. For nonvesting accumulating sick days, the benefit costs are recognized, if deemed material, based on a projection of expected future utilization of sick time, discounted using net present value techniques.
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 Capital Reserve Certain amounts, as approved by the Board of Trustees and the Public Schools Finance Board (PSFB), have been set aside in reserve accounts for future capital purposes. These Capital Reserve accounts are internally restricted funds that form part of the Accumulated Surplus presented in the Consolidated Statement of Financial Position. Use of Estimates The preparation of financial statements in conformity with Canadian public sector accounting standards requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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. Actual results could differ from management s best estimates, as additional information becomes available in the future. 2. Adoption of New Accounting Standard Liability for Contaminated Sites Effective July 1, 2014, the Division has adopted PS3260 Liability for Contaminated Sites. The standard was applied on a prospective and did not result in any adjustments to financial liabilities, tangible capital assets or accumulated surplus of the Division. 3. Bank Overdraft The Division has an authorized line of credit for a maximum of $10,000,000 by way of overdrafts and is repayable on demand at prime less 0.75% (effective rate of 2.10% at June 30, 2015); interest is paid monthly. Overdrafts are secured by a borrowing bylaw. 4. Employee Future Benefits The Division sponsors a defined contribution pension plan, administered by MSBA. The defined contribution plan is provided to administrative employees based on their age at the beginning of the year and rates of pay. Each age group under the MSBA pension plan has a specific percentage for the employees to contribute. The Division contributions equal the employee contributions to the plan. No pension liability is included in the financial statements. The employee future benefit expense is a part of the Employee Benefits and Allowances expense account, which includes pension expense for the year of $395,459 ($391,214 in 2014). Nonvested accumulating sick leave benefits are measured using net present value techniques on the expected future utilization of excess of sick leave benefits used over earned per year, to maximum entitlement. The nonvested sick leave recovery for the year is $26,492 ($76,850 expense in 2014). 5. Deferred Revenue The deferral method of accounting is used for revenues received that, pursuant to legislation, regulation or agreement, may only be used for specific purposes. These amounts are recognized as revenue in the fiscal year the related expenses are incurred or services performed. The following is a breakdown of the account balance: Revenue Balance as at Additions recognized Balance as at June 30, 2014 in year in year June 30, 2015 Education Property Tax Credit (EPTC) $ 6,011,868 4,556,721 1,455,147 Other 4,398 7,070 3,535 7,933 $ 4,398 6,018,938 4,560,256 1,463,080
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 6. Debenture Debt The debenture debt of the Division is in the form of twentyyear debentures payable, principal and interest, in twenty equal yearly instalments and maturing at various dates from 2015 to 2035. Payment of principal and interest is funded entirely by grants from the Province of Manitoba, except for the debenture debt on selffunded capital projects. The debentures carry interest rates that range from 3.38% to 10.00%. Debenture interest expense payable as at June 30, 2015, is accrued and recorded in Accrued Interest Payable, and a grant in an amount equal to the interest accrued on provincially funded debentures is recorded in Due from the Provincial Government. The total debenture principal and interest repayments in the next five fiscal years ending are as follows: 2016 $ 3,316,745 2017 3,123,085 2018 2,964,297 2019 2,726,613 2020 2,389,698 7. School Generated Funds Liability School Generated Funds Liability includes the noncontrolled portion of school generated funds. At June 30, 2015, an amount equal to the liability or $45,977 ($28,801 at June 30, 2014) is included in overdraft on the Consolidated Statement of Financial Position. 8. Net Tangible Capital Assets The Schedule of Tangible Capital Assets (TCA), page 23 of the consolidated financial statements, provides a breakdown of cost, accumulated amortization and net book value by class. The amount of interest capitalized in the period included in Assets under Construction was nil (nil in 2014). 9. Accumulated Surplus The consolidated accumulated surplus is comprised of the following: 2015 2014 Operating Fund Designated Surplus $ 317,181 214,922 Undesignated 1,419,147 1,424,811 Nonvested Sick Leave (182,334) (208,826) 1,553,994 1,430,907 Capital Fund Reserve Accounts 82,045 79,506 Equity in Tangible Capital Assets 7,878,179 6,914,703 7,960,224 6,994,209 Special Purpose Fund School Generated Funds 329,372 289,661 Other School Generated Funds 329,372 289,661 Total Accumulated Surplus $ 9,843,590 8,714,777 Designated Surplus under the Operating Fund represents internally restricted amounts appropriated by the Board of Trustees or, in the case of school budget carryovers, by Board policy. The details of the Designated Surplus as disclosed at page 5 of the consolidated financial statements are as follows: 2015 2014 School budget carryovers $ 157,911 79,476 Grounds improvement 159,270 135,446 Designated Surplus $ 317,181 214,922
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 10. Accumulated Surplus (continued) Reserve Accounts under the Capital Fund represents internally restricted reserves for specific purposes approved by the Board of Trustees and PSFB. A Schedule of Capital Reserve Accounts is provided on page 24 of the consolidated financial statements. 2015 2014 Bus Reserve $ 28,992 26,453 Board Office Roof Replacement Reserve 53,053 53,053 Capital Reserve $ 82,045 79,506 11. Municipal Government Property Tax and Related Due from Municipal Government Education property tax or Special Levy is raised as the Division s contribution to the cost of providing public education for the students resident in the division. The Municipal Government Property Tax shown on the consolidated revenue and expense is raised over the two calendar (tax) years; 42% from 2014 tax year and 58% from 2015 tax year. Below are the related revenue and receivable amounts: 2015 2014 Revenue Municipal Government Property Tax $ 12,510,069 10,990,895 Receivable Due from Municipal Property Tax $ 8,399,761 7,529,651 12. Interest Received and Paid The Division received interest during the year of $1,657 ($3,651 in 2014); interest paid during the year was $1,377,545 ($1,415,268 in 2014). Interest expense for the year ended June 30, 2015 is comprised of the following: 2015 2014 Operating Fund Fiscalshort term loan, interest and bank charges $ 53,531 38,623 Capital Fund Debenture interest 1,324,014 1,376,645 $ 1,377,545 1,415,268 The accrual portion of debenture debt interest expense of $570,118 ($589,310 in 2014) included under the Capital Fund Debenture debt interest is offset by an accrual of the debt servicing grant from the Province of Manitoba of $570,118 as at June 30, 2015 ($589,310 in 2014). 13. Expenses by Object Expenses in the consolidated statement of revenue, expenses and accumulated surplus are reported by function as defined by FRAME. Below is the detail of expenses by object: 2015 2014 Salaries $ 34,700,030 32,489,636 Employees benefits and allowances 2,594,027 2,805,076 Services 3,926,458 3,510,176 Supplies, materials and minor equipment 3,062,278 2,817,884 Interest 1,377,545 1,415,268 Payroll tax 737,279 705,614 Amortization 2,020,019 1,906,023 Transfers 584,682 656,606 School generated funds 740,923 1,035,045 Nonvested sick leave expense (recovery) (26,492) 76,850 $ 49,716,749 47,418,178
Notes to Consolidated Financial Statements For the Year Ended June 30, 2015 14. Financial Instruments There are no significant terms and conditions related to financial instruments (cash, accounts receivable, bank indebtedness, accounts payable and longterm debt) that may affect the amount, timing and certainty of future cash flows. The Division is exposed to credit risk from the potential nonpayment of accounts receivable. However, the majority of the receivables are from local, provincial and federal governments, and therefore, the credit risk is minimal. The carrying amounts of the financial instruments approximate their carrying values, unless otherwise noted. 15. Commitments The Division has equipment lease agreements with future annual payments as follows for the fiscal years ending: 2016 $ 359,905 2017 231,420 2018 196,149 2019 128,248 The overdraft balance presented on the consolidated statement of financial position includes an amount of $446,473 relating to the purchase and establishment of the Bus/Maintenance Facility acquired in fiscal year end 2009, an amount of $232,610 relating to the Energy Savings Retrofit project completed in fiscal year end 2011, and $703,807 relating to the LAN upgrade project completed in fiscal year end 2015. These amounts will be recovered from future operating budget appropriations by transfers from the Operating Fund to the Capital Fund. The planned annual appropriation is $75,000 for the Bus/Maintenance Facility, $39,000 for the Energy Savings Retrofit project, and $138,000 for the LAN upgrade project until the entire balance has been recovered. The annual appropriations may change in the future based on available funding. 16. Trust Funds The school division does not administer trust funds. As such, a separate schedule has not been attached to the notes to financial statements.
ANALYSIS OF CONSOLIDATED ACCUMULATED SURPLUS as at June 30, 2015 Operating Fund Accumulated Surplus (Deficit) 1,553,994 Equity in Tangible Capital Assets 7,878,179 Capital Reserve Accounts 82,045 School Generated Funds 329,372 Other Special Purpose Funds 0 Consolidated Accumulated Surplus 9,843,590 Operating Fund Accumulated Surplus Comprised of: Designated Surplus * Board Motion Unexpended No. Description Amount 077/04 Grounds Improvement 159,270 School Budgets 157,911 Total Designated Surplus 317,181 Undesignated Surplus (Deficit) 1,419,147 Operating Fund Accumulated Surplus (Deficit) Gross of Nonvested sick leave 1,736,328 Less: Nonvested sick leave to date 182,334 Operating Fund Accumulated Surplus (Deficit) Net of Nonvested sick leave 1,553,994 Operating Fund Accumulated Surplus as a % of Operating Expenses ** 3.80% * Includes all Boardapproved surplus designations by Board Motion or, in the case of school budget carryovers, by Board policy. ** Gross of Nonvested sick leave. 5
OPERATING FUND SCHEDULE OF FINANCIAL POSITION as at June 30 2015 2014 Financial Assets Cash and Bank Due from Provincial Government 601,220 3,128,134 Federal Government 97,090 118,820 Municipal Government 8,399,761 7,529,651 Other School Divisions 281 First Nations Other Funds 1,669,719 1,504,565 Accounts Receivable 54,859 84,601 Accrued Investment Income Portfolio Investments 10,822,930 12,365,771 Liabilities Overdraft 3,400,317 6,885,761 Accounts Payable 1,481,581 1,790,141 Accrued Liabilities 625,606 398,389 Employee Future Benefits 182,334 208,826 Accrued Interest Payable Due to Provincial Government 149,570 142,106 Federal Government 1,858,697 2,068,828 Municipal Government 69,575 69,816 Other School Divisions First Nations Capital Fund 82,044 79,505 Deferred Revenue 1,463,080 4,398 Other Borrowings 9,312,804 11,647,770 Net Financial Assets (Net Debt) 1,510,126 718,001 NonFinancial Assets Inventories Prepaid Expenses 43,868 712,906 43,868 712,906 Accumulated Surplus (Deficit) 1,553,994 1,430,907 6
OPERATING FUND SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS For the Year Ended June 30 2015 2015 2014 Actual Budget Actual Revenue Provincial Government Core 33,777,587 32,919,883 32,351,966 Federal Government 20,711 15,000 4,861 Municipal Government Property Tax 12,510,069 12,831,117 10,990,895 Other Other School Divisions 263,994 200,000 288,980 First Nations 41,964 55,640 Private Organizations and Individuals 45,098 43,450 Other Sources 89,146 56,000 69,305 46,748,569 46,022,000 43,805,097 Expenses Regular Instruction 26,027,136 26,050,177 23,939,690 Student Support Services 7,572,025 7,885,487 7,711,600 Adult Learning Centres 296,541 293,136 Community Education and Services 197,053 187,239 179,371 Divisional Administration 1,622,228 1,513,956 1,411,835 Instructional and Other Support Services 1,531,610 1,410,816 1,416,595 Transportation of Pupils 3,002,112 2,867,160 2,967,277 Operations and Maintenance 4,618,770 4,594,165 4,359,874 Fiscal 790,811 755,000 744,237 45,658,286 45,264,000 43,023,615 Current Year Surplus (Deficit) before Nonvested Sick Leave 1,090,283 758,000 781,482 Less: Nonvested Sick Leave Expense (Recovery) (26,492) 76,850 Current Year Surplus (Deficit) after Nonvested Sick Leave 1,116,775 758,000 704,632 Net Transfers from (to) Capital Fund (993,688) (758,000) (637,107) Transfers from Special Purpose Funds Net Current Year Surplus (Deficit) 123,087 0 67,525 Opening Accumulated Surplus (Deficit) 1,430,907 1,363,382 Adjustments: Liabilty for Contaminated Sites Nonvested sick leave prior years Opening Accumulated Surplus (Deficit), as adjusted 1,430,907 1,363,382 Closing Accumulated Surplus (Deficit) 1,553,994 1,430,907 7
OPERATING FUND REVENUE DETAIL PROVINCE OF MANITOBA For the Year Ended June 30, 2015 Funding of Schools Program Base Support Instructional Support 7,523,586 Additional Instructional Support for Small Schools Sparsity 449,483 Curricular Materials 234,258 Information Technology 234,258 Library Services 359,196 Student Services 1,287,782 Counselling and Guidance 324,057 Professional Development 152,268 Physical Education 72,000 Occupancy 1,718,550 12,355,438 Categorical Support Transportation 1,744,656 Board and Room Special Needs: Coordinator/Clinician 359,196 Special Needs: Level 2 1,003,136 Special Needs: Level 3 976,514 Senior Years Technology Education 135,218 English as an Additional Language 169,950 Aboriginal Academic Achievement (including BSSAP) 232,500 Aboriginal and International Languages French Language Education 306,913 Small Schools 24,565 Enrolment Change Support 120,401 Northern Allowance Early Childhood Development Initiative 67,239 Early Literacy Intervention 185,193 Numeracy 46,657 Middle Years Life/Work Exploration 13,080 Education for Sustainable Development 10,500 5,395,718 Equalization 7,768,693 Additional Equalization Adjustment for Days Closed Formula Guarantee Other Program Support School Buildings Support: "D" Projects 120,300 Technology Education Equipment Replacement 28,100 Skills Strategy Equipment Enhancement Other Minor Capital Support Prior Year Support Finalization of Previous Year Support Curricular Materials School Buildings Support: "D" Projects Technology Education Equipment 148,400 25,668,249 8
OPERATING FUND REVENUE DETAIL PROVINCE OF MANITOBA (CONT'D) For the Year Ended June 30, 2015 Other Department of Education and Advanced Learning NonResident Special Needs Institutional Programs Nursing Supports (URIS) Substitute Fees 9,539 General Support Grant 700,628 Education Property Tax Credit 4,556,721 Tax Incentive Grant 2,020,101 Smaller Classes Initiative (K 3) 365,813 Community Schools Healthy Schools Initiative 13,440 Learning to Age 18 Coordinator 20,000 Quality Education Initiative Fund 19,517 Career Development Fund 18,320 Other: French Revitilization 24,000 Reading Apprenticeship 10,000 Got Data 2,100 7,760,179 Other Provincial Government Departments (Not including GBE's) Employment Programs Adult Learning Centres 296,540 Other: Lighthouse 12,000 CFS 5,869 Green Team 21,360 SouthEastern Health Healthy Child Coalition 11,390 ESD Grant DTS 2,000 349,159 Funding of Schools Program (previous page) 25,668,249 TOTAL PROVINCIAL GOVERNMENT REVENUE 33,777,587 9
OPERATING FUND REVENUE DETAIL NONPROVINCIAL GOVERNMENT SOURCES For the Year Ended June 30, 2015 Federal Government Tuition Fees Transportation of Pupils French Language Monitor 20,711 English as an Additional Language (Adults) Other: 20,711 Municipal Government Special Requirement 19,086,891 Less: Education Property Tax Credit (4,556,721) Less: Tax Incentive Grant (2,020,101) 12,510,069 Other: 12,510,069 Other School Divisions Tuition Fees Transfer Fees 104,000 Residual Fees 159,994 Transportation of Pupils Other: First Nations Tuition Fees 41,964 Transportation of Pupils Other: 263,994 Private Organizations and Individuals (Includes GBE's) Regular Tuition International Tuition Continuing Education Other Tuition: Food Service Government Business Enterprises (GBE's) Other: Car PlugIns Daycare Rent 14,249 30,849 41,964 Other Sources Interest 1,657 Donations 29,436 Other: Dividend and Insurance Rebates 58,053 45,098 89,146 TOTAL NONPROVINCIAL GOVERNMENT REVENUE 12,970,982 10
OPERATING FUND EXPENSE BY FUNCTION AND BY OBJECT For the Year Ended June 30 FUNCTION 100 200 300 400 500 600 700 800 900 Instructional Student Adult Education and Other Operations 2015 2014 Regular Support Learning and Divisional Support Transportation and OBJECT Instruction Services Centres Services Administration Services of Pupils Maintenance Fiscal TOTALS TOTALS Salaries 21,977,168 6,741,153 234,852 152,595 1,011,171 1,058,509 1,668,079 1,856,503 34,700,030 32,489,636 Employees Benefits and Allowances 1,263,801 600,745 12,585 12,462 120,028 101,751 189,528 293,127 2,594,027 2,805,076 Services 825,399 68,132 41,435 26,855 419,566 315,976 180,882 2,048,213 3,926,458 3,510,176 Supplies, Materials and Minor Equipment 1,514,293 53,486 7,669 5,141 71,463 25,676 963,623 420,927 3,062,278 2,817,884 Interest and Bank Charges 53,532 53,532 38,623 11 Bad Debt Expense 0 0 (PAYROLL TAX) Transfers 446,475 108,509 29,698 737,279 1,321,961 1,362,220 TOTALS 26,027,136 7,572,025 296,541 197,053 1,622,228 1,531,610 3,002,112 4,618,770 790,811 45,658,286 43,023,615
OPERATING FUND EXPENSE DETAIL: FUNCTION 100 For the Year Ended June 30, 2015 10 SINGLE TRACK SCHOOLS * 80 90 REGULAR INSTRUCTION 20 50 70 SENIOR YEARS ENGLISH FRENCH DUAL TRACK TECHNOLOGY CODE OBJECT \ PROGRAM ADMINISTRATION LANGUAGE FRANÇAIS IMMERSION SCHOOLS ** EDUCATION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 2,090,522 2,090,522 330 Instructional Teaching 5,294 9,602,444 3,300,975 5,642,137 18,550,850 350 Instructional Other 92,972 26,535 6,528 126,035 360 Technical, Specialized and Service 190,089 41,699 84,398 316,186 370 Secretarial, Clerical and Other 663,519 663,519 390 Information Technology 230,056 230,056 Total Salaries 2,989,391 9,885,505 0 3,369,209 5,733,063 0 21,977,168 4XX EMPLOYEES BENEFITS AND ALLOWANCES 222,090 549,615 193,196 298,900 1,263,801 56XX SERVICES 510 Professional, Technical and Specialized 16,423 8,768 8,359 2,542 36,092 520 Communications 93,667 1,411 4,366 99,444 540 Travel and Meetings 3,351 10,955 1,564 11,630 27,500 560 Tuition 520 1,136 1,656 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 29,314 14,403 23,270 66,987 610 Rentals 16,512 2,915 7,874 27,301 630 Advertising 25,567 357 25,924 640 Dues and Fees 377 9,660 30,442 40,479 650 Professional and Staff Development 1,013 1,013 680 Information Technology Services 459,528 25,176 6,434 7,865 499,003 Total Services 599,926 102,316 0 33,675 89,482 0 825,399 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 10,778 253,648 65,325 230,580 560,331 740 Curricular and Media Materials 136,582 70,605 85,909 293,096 760 Minor Equipment 94 76,414 33,443 75,626 185,577 780 Information Technology Equipment 59,124 216,915 67,459 131,791 475,289 Total Supplies, Materials and Minor Equipment 69,996 683,559 0 236,832 523,906 0 1,514,293 96X99 TRANSFERS 960 School Divisions 341,900 66,225 38,350 446,475 980 Organizations and Individuals 0 Total Transfers 0 341,900 66,225 38,350 0 0 446,475 TOTALS 3,881,403 11,562,895 66,225 3,871,262 6,645,351 0 26,027,136 * 90% or more of enrolment is in one of the following instructional programs: English Language, Français, French Immersion. ** includes multitrack schools. 12
OPERATING FUND EXPENSE DETAIL: FUNCTION 200 For the Year Ended June 30, 2015 10 30 40 50 60 70 STUDENT SUPPORT SERVICES CLINICAL AND ADMINISTRATION RELATED SPECIAL REGULAR RESOURCE COUNSELLING CODE OBJECT \ PROGRAM /COORDINATION SERVICES PLACEMENT PLACEMENT SERVICES AND GUIDANCE TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 136,522 136,522 330 Instructional Teaching 92,489 542,827 1,299,917 959,643 2,894,876 350 Instructional Other 2,521,541 418,868 2,940,409 360 Technical, Specialized and Service 0 370 Secretarial, Clerical and Other 49,427 49,427 380 Clinician 492,702 227,217 719,919 390 Information Technology 0 Total Salaries 278,438 492,702 0 3,064,368 1,718,785 1,186,860 6,741,153 4XX EMPLOYEES BENEFITS AND ALLOWANCES 20,073 28,357 367,435 132,448 52,432 600,745 56XX SERVICES 510 Professional, Technical and Specialized 10,257 10,257 520 Communications 2,244 2,063 1,112 5,419 540 Travel and Meetings 7,049 8,147 14,696 33 6,876 36,801 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 0 610 Rentals 3,383 3,383 630 Advertising 0 640 Dues and Fees 443 175 741 175 1,534 650 Professional and Staff Development 8,350 1,051 907 10,308 680 Information Technology Services 430 430 Total Services 18,516 11,436 0 29,077 33 9,070 68,132 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 1,178 18,353 738 567 186 21,022 740 Curricular and Media Materials 52 1,066 7,527 8,645 760 Minor Equipment 14,216 14,216 780 Information Technology Equipment 9,603 9,603 Total Supplies, Materials and Minor Equipment 1,230 19,419 0 32,084 567 186 53,486 96X99 TRANSFERS 960 School Divisions 59,498 59,498 980 Organizations and Individuals 49,011 49,011 Total Transfers 0 0 108,509 0 108,509 TOTALS 318,257 551,914 108,509 3,492,964 1,851,833 1,248,548 7,572,025 13
OPERATING FUND EXPENSE DETAIL: FUNCTION 300 For the Year Ended June 30, 2015 10 20 ADULT LEARNING CENTRES ADMINISTRATION CODE OBJECT \ PROGRAM AND OTHER INSTRUCTION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 24,676 24,676 330 Instructional Teaching 183,720 183,720 350 Instructional Other 0 360 Technical, Specialized and Service 3,156 3,156 370 Secretarial, Clerical and Other 23,300 23,300 390 Information Technology 0 Total Salaries 51,132 183,720 234,852 4XX EMPLOYEES BENEFITS AND ALLOWANCES 4,208 8,377 12,585 56XX SERVICES 510 Professional, Technical and Specialized 3,271 3,271 520 Communications 4,176 4,176 530 Utility Services 3,684 3,684 540 Travel and Meetings 2,000 2,000 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 2,561 2,561 610 Rentals 22,007 22,007 620 Property Taxes 0 630 Advertising 1,336 1,336 640 Dues and Fees 0 650 Professional and Staff Development 1,414 1,414 680 Information Technology Services 986 986 Total Services 40,021 1,414 41,435 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 3,843 31 3,874 740 Curricular and Media Materials 3,490 3,490 760 Minor Equipment 0 780 Information Technology Equipment 305 305 Total Supplies, Materials and Minor Equipment 3,843 3,826 7,669 96X99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 TOTALS 99,204 197,337 296,541 14
OPERATING FUND EXPENSE DETAIL: FUNCTION 400 For the Year Ended June 30, 2015 COMMUNITY EDUCATION AND SERVICES 10 20 30 40 ENGLISH AS AN COMMUNITY CONTINUING ADDITIONAL LANGUAGE SERVICES AND PREKINDERGARTEN CODE OBJECT \ PROGRAM EDUCATION FOR ADULTS RECREATION EDUCATION TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 0 330 Instructional Teaching 10,245 10,245 350 Instructional Other 142,350 142,350 360 Technical, Specialized and Service 0 370 Secretarial, Clerical and Other 0 380 Clinician 0 390 Information Technology 0 Total Salaries 0 0 0 152,595 152,595 4XX EMPLOYEES BENEFITS AND ALLOWANCES 12,462 12,462 56XX SERVICES 510 Professional, Technical and Specialized 26,320 26,320 520 Communications 0 540 Travel and Meetings 71 71 570 Printing and Binding 0 580 Insurance and Bond Premiums 0 590 Maintenance and Repair Services 0 610 Rentals 0 630 Advertising 0 640 Dues and Fees 464 464 650 Professional and Staff Development 0 680 Information Technology Services 0 Total Services 0 0 0 26,855 26,855 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 4,978 4,978 740 Curricular and Media Materials 0 760 Minor Equipment 163 163 780 Information Technology Equipment 0 Total Supplies, Materials and Minor Equipment 0 0 0 5,141 5,141 96X99 TRANSFERS 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 0 TOTALS 0 0 0 197,053 197,053 15
OPERATING FUND EXPENSE DETAIL: FUNCTION 500 For the Year Ended June 30, 2015 DIVISIONAL ADMINISTRATION 10 20 30 50 INSTRUCTIONAL BUSINESS AND MANAGEMENT BOARD OF MANAGEMENT & ADMINISTRATIVE INFORMATION CODE OBJECT \ PROGRAM TRUSTEES ADMINISTRATION SERVICES SERVICES TOTALS 3XX SALARIES 310 Trustees Remuneration 82,036 82,036 320 Executive, Managerial and Supervisory 269,672 205,052 82,792 557,516 360 Technical, Specialized and Service 83,570 83,570 370 Secretarial, Clerical and Other 48,492 239,557 288,049 390 Information Technology 0 Total Salaries 82,036 318,164 528,179 82,792 1,011,171 4XX EMPLOYEES BENEFITS AND ALLOWANCES 1,133 23,425 80,942 14,528 120,028 56XX SERVICES 510 Professional, Technical and Specialized 17,480 12,724 45,918 76,122 520 Communications 920 1,682 29,558 1,066 33,226 540 Travel and Meetings 14,975 18,108 12,298 4,062 49,443 570 Printing and Binding 0 580 Insurance and Bond Premiums 39,634 39,634 590 Maintenance and Repair Services 8,060 8,060 610 Rentals 0 630 Advertising 2,157 1,043 3,200 640 Dues and Fees 52,305 1,525 7,852 61,682 650 Professional and Staff Development 12,882 17,561 3,185 3,634 37,262 680 Information Technology Services 3,974 2,037 1,526 103,400 110,937 Total Services 104,693 54,680 148,031 112,162 419,566 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 1,842 11,047 16,917 114 29,920 740 Curricular and Media Materials 372 1,310 1,682 760 Minor Equipment 932 3,059 3,991 780 Information Technology Equipment 2,063 33,807 35,870 Total Supplies, Materials and Minor Equipment 1,842 14,414 21,286 33,921 71,463 96X99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 TOTALS 189,704 410,683 778,438 243,403 1,622,228 16
OPERATING FUND EXPENSE DETAIL: FUNCTION 600 For the Year Ended June 30, 2015 INSTRUCTIONAL AND OTHER SUPPORT SERVICES 05 10 20 30 80 CURRICULUM CONSULTING & CURRICULUM LIBRARY / PROFESSIONAL DEVELOPMENT CONSULTING & MEDIA AND STAFF CODE OBJECT \ PROGRAM ADMINISTRATION DEVELOPMENT CENTRE DEVELOPMENT OTHER TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 36,390 36,390 330 Instructional Teaching 433,549 131,210 564,759 350 Instructional Other 411,729 16,263 427,992 360 Technical, Specialized and Service 3,092 26,276 29,368 370 Secretarial, Clerical and Other 0 390 Information Technology 0 Total Salaries 36,390 433,549 411,729 150,565 26,276 1,058,509 4XX EMPLOYEES BENEFITS AND ALLOWANCES 2,577 19,719 67,204 10,430 1,821 101,751 56XX SERVICES 510 Professional, Technical and Specialized 37,808 37,808 520 Communications 2,000 2,000 540 Travel and Meetings 10,365 10,365 560 Tuition 0 570 Printing and Binding 0 580 Insurance and Bond Premiums 2,925 2,925 590 Maintenance and Repair Services 147 147 610 Rentals 0 630 Advertising 0 640 Dues and Fees 125 125 650 Professional and Staff Development 6,779 42 255,785 262,606 680 Information Technology Services 0 Total Services 0 19,144 189 255,910 40,733 315,976 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 550 4,438 8,538 13,526 740 Curricular and Media Materials 825 8,951 9,776 760 Minor Equipment 757 1,617 2,374 780 Information Technology Equipment 0 Total Supplies, Materials and Minor Equipment 0 2,132 15,006 0 8,538 25,676 96X99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 29,698 29,698 Total Transfers 29,698 29,698 TOTALS 38,967 474,544 494,128 416,905 107,066 1,531,610 17
OPERATING FUND EXPENSE DETAIL: FUNCTION 700 For the Year Ended June 30, 2015 TRANSPORTATION OF PUPILS 10 20 70 80 90 ALLOWANCES BOARDING OF FIELD TRIPS IN LIEU OF STUDENTS/ AND CODE OBJECT \ PROGRAM ADMINISTRATION REGULAR TRANSPORTATION DORMITORIES OTHER TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 78,346 78,346 350 Instructional Other 0 360 Technical, Specialized and Service 1,454,619 55,913 1,510,532 370 Secretarial, Clerical and Other 79,201 79,201 390 Information Technology 0 Total Salaries 157,547 1,454,619 0 55,913 1,668,079 4XX EMPLOYEES BENEFITS AND ALLOWANCES 16,512 173,016 189,528 56XX SERVICES 510 Professional, Technical and Specialized 80 44,714 44,794 520 Communications 6,386 6,511 12,897 540 Travel and Meetings 6,018 1,019 7,037 550 Transportation of Pupils 345 203 548 570 Printing and Binding 0 580 Insurance and Bond Premiums 61,194 61,194 590 Maintenance and Repair Services 464 35,439 35,903 610 Rentals 213 213 630 Advertising 152 152 640 Dues and Fees 457 457 650 Professional and Staff Development 3,031 6,293 9,324 680 Information Technology Services 8,363 8,363 Total Services 24,799 155,535 345 0 203 180,882 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 2,526 919,570 35,664 957,760 740 Curricular and Media Materials 650 650 760 Minor Equipment 568 4,417 4,985 780 Information Technology Equipment 228 228 Total Supplies, Materials and Minor Equipment 3,094 924,865 0 35,664 963,623 96X99 TRANSFERS 960 School Divisions 0 980 Organizations and Individuals 0 999 Recharge 0 Total Transfers 0 0 0 0 0 0 TOTALS 201,952 2,708,035 345 0 91,780 3,002,112 18
OPERATING FUND EXPENSE DETAIL: FUNCTION 800 For the Year Ended June 30, 2015 10 20 50 70 80 SCHOOL OPERATIONS AND MAINTENANCE SCHOOL BUILDINGS BUILDINGS REPAIRS AND OTHER CODE OBJECT \ PROGRAM ADMINISTRATION MAINTENANCE REPLACEMENTS BUILDINGS GROUNDS TOTALS 3XX SALARIES 320 Executive, Managerial and Supervisory 82,325 82,325 360 Technical, Specialized and Service 1,746,057 20,744 7,377 1,774,178 370 Secretarial, Clerical and Other 0 390 Information Technology 0 Total Salaries 82,325 1,746,057 0 20,744 7,377 1,856,503 4XX EMPLOYEES BENEFITS AND ALLOWANCES 13,379 277,083 2,298 367 293,127 56XX SERVICES 510 Professional, Technical and Specialized 26,263 600 26,863 520 Communications 907 5,937 6,844 530 Utility Services 699,849 42,522 742,371 540 Travel and Meetings 7,582 3,040 10,622 570 Printing and Binding 0 580 Insurance and Bond Premiums 161,923 161,923 590 Maintenance and Repair Services 48 448,440 383,745 10,084 94,346 936,663 610 Rentals 341 255 596 620 Property Taxes 115,844 32,710 148,554 630 Advertising 0 640 Dues and Fees 686 686 650 Professional and Staff Development 110 3,705 3,815 680 Information Technology Services 9,276 9,276 Total Services 18,609 1,465,342 384,345 85,316 94,601 2,048,213 7XX SUPPLIES, MATERIALS AND MINOR EQUIPMENT 710 Supplies 294 289,516 72,493 3,240 9,657 375,200 740 Curricular and Media Materials 0 760 Minor Equipment 153 18,141 23,654 35 986 42,969 780 Information Technology Equipment 785 1,973 2,758 Total Supplies, Materials and Minor Equipment 1,232 309,630 96,147 3,275 10,643 420,927 96X99 TRANSFERS 999 Recharge 0 TOTALS 115,545 3,798,112 480,492 111,633 112,988 4,618,770 19
OPERATING FUND DETAIL OF TRANSFERS TO (FROM) CAPITAL FUND For the Year Ended June 30, 2015 Transfers To Capital Fund Category "D" School Buildings Bus Reserve 2,539 Bus Purchases 419,413 Other Vehicles 24,676 Furniture/Fixtures & Equipment Computer Hardware & Software Assets Under Construction Other: Bus Maintenance Facility Overdraft Recovery 75,000 Energy Management Retrofit Overdraft Recovery 39,000 Technology/LAN Upgrade Overdraft Recovery 313,000 Bus Loop Paving 108,173 Misc Capital 11,887 993,688 Less: Transfers From Capital Fund 0 Net Transfers To (From) Capital Fund 993,688 20
CAPITAL FUND SCHEDULE OF FINANCIAL POSITION as at June 30 2015 2014 Financial Assets Cash and Bank Due from Provincial Government 570,118 589,310 Federal Government Municipal Government First Nations Other Funds 82,044 79,505 Accounts Receivable 864 Accrued Investment Income Portfolio Investments 652,162 669,679 Liabilities Overdraft Accounts Payable 47,458 Accrued Liabilities Accrued Interest Payable 570,118 589,310 Due to Provincial Government Federal Government Municipal Government First Nations Operating Fund 1,669,719 1,504,565 Deferred Revenue Debenture Debt 27,524,152 27,907,861 Other Borrowings 29,763,989 30,049,194 Net Debt (29,111,827) (29,379,515) NonFinancial Assets Net Tangible Capital Assets 37,072,051 36,373,724 Accumulated Surplus / Equity * 7,960,224 6,994,209 * Comprised of: Reserve Accounts 82,045 79,506 Equity in Tangible Capital Assets 7,878,179 6,914,703 7,960,224 6,994,209 21
CAPITAL FUND SCHEDULE OF REVENUE, EXPENSES AND ACCUMULATED SURPLUS For the Year Ended June 30 2015 2014 Revenue Provincial Government Grants 260 11,845 Debt Servicing Principal 1,942,709 1,872,876 Interest 1,324,013 1,376,645 Federal Government Municipal Government Other Sources: Investment Income Donations MB Hydro grant 57,148 Gain / (Loss) on Disposal of Capital Assets (7,771) 8,400 Gain on receipt of Modular classroom 3,316,359 3,269,766 Expenses Amortization 2,020,019 1,906,023 Debenture Debt Interest 1,324,013 1,376,645 Other Interest Other Capital Items 3,344,032 3,282,668 Current Year Surplus / (Deficit) (27,673) (12,902) Net Transfers from (to) Operating Fund 993,688 637,107 Transfers from Special Purpose Fund Net Current Year Surplus (Deficit) 966,015 624,205 Opening Accumulated Surplus / Equity 6,994,209 6,370,004 Adjustments: Opening Accumulated Surplus / Equity as adjusted 6,994,209 6,370,004 Closing Accumulated Surplus / Equity 7,960,224 6,994,209 22
SCHEDULE OF TANGIBLE CAPITAL ASSETS at June 30, 2015 Buildings and Leasehold Furniture / Computer Assets 2015 2014 Improvements School Other Fixtures & Hardware & Land Under TOTALS TOTALS School NonSchool Buses Vehicles Equipment Software * Land Improvements Construction Tangible Capital Asset Cost Opening Cost, as previously reported 50,867,705 3,062,701 5,822,240 163,792 817,076 450,051 451,886 40,533 510,297 62,186,281 59,995,630 Adjustments Opening Cost adjusted 50,867,705 3,062,701 5,822,240 163,792 817,076 450,051 451,886 40,533 510,297 62,186,281 59,995,630 Add: Additions during the year Less: Disposals and write downs 1,528,835 419,412 29,175 24,543 1,016,808 108,174 (371,787) 2,730,617 24,543 2,465,893 275,242 Closing Cost 52,396,540 3,062,701 6,241,652 168,424 817,076 1,466,859 451,886 148,707 138,510 64,892,355 62,186,281 Accumulated Amortization Opening, as previously reported 20,268,181 905,734 3,530,528 122,028 598,852 385,207 2,027 25,812,557 24,181,776 Adjustments Opening adjusted 20,268,181 905,734 3,530,528 122,028 598,852 385,207 2,027 25,812,557 24,181,776 Add: Current period Amortization Less: Accumulated Amortization on Disposals and Writedowns 1,368,933 96,511 383,981 11,154 12,272 55,100 94,878 9,462 2,020,019 12,272 1,906,023 275,242 23 Closing Accumulated Amortization 21,637,114 1,002,245 3,914,509 120,910 653,952 480,085 11,489 27,820,304 25,812,557 Net Tangible Capital Asset 30,759,426 2,060,456 2,327,143 47,514 163,124 986,774 451,886 137,218 138,510 37,072,051 36,373,724 Proceeds from Disposal of Capital Assets 4,500 4,500 8,400 * Includes network infrastructure.