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Titleleadership and transformation
LanguageEnglish
File Size10.5 MB
Total Pages90
Document Text Contents
Page 1

L E T H B R I D G E C O L L E G E
C O M P R E H E N S I V E I N S T I T U T I O N A L P L A N

2 0 16 –1 9

L E A D E R S H I P A N D T R A N S F O R M A T I O N

Page 2

L E A D E R S H I P A N D
T R A N S F O R M A T I O N

Southern Alberta’s gently rolling coulees
are just minutes away from campus and
a popular destination for runners, riders
and outdoor enthusiasts of all types.

Page 45

LETHBRIDGE COLLEGE
BUDGETED STATEMENT

OF OPERATIONS
YEARS ENDED JUNE 30

(thousands of dollars)

By object 2017 2018 2019

Revenue

Government of Alberta grants 48,813 48,809 48,809

Federal and other government grants 1,373 1,373 1,373

Sales of services and products 9,482 9,617 9,756

Contract programs 2,301 2,419 2,540

Student tuition and fees 18,928 19,197 19,477

Donations 916 916 916

Investment income 1,120 1,120 1,120

Amortization of external capital contributions 4,015 4,015 4,015

86,948 87,466 88,006

Expense

Salaries and benefits 57,798 58,832 60,212

Materials, supplies and services 12,366 12,146 12,370

Cost of goods sold 3,025 3,086 3,131

Utilities 1,651 1,675 1,698

Maintenance and repairs 5,374 5,294 5,389

Scholarships and bursaries 601 650 675

Interest on long-term debt 429 405 391

Amortization of tangible capital assets 4,992 4,992 4,992

86,236 87,080 88,858

Operating surplus (deficit) 712 386 (852)

L E T H B R I D G E C O L L E G E C O M P R E H E N S I V E I N S T I T U T I O N A L P L A N 2 0 1 6 – 1 9 | 43

Page 46

LETHBRIDGE COLLEGE
STATEMENT OF BUDGETED CASH FLOW
YEAR ENDED JUNE 30, 2016
(thousands of dollars)

Operating transactions
Operating surplus (deficit) 712

Add (deduct) non-cash items:
Amortization of tangible capital assets 4,992
Expended capital contributions recognized as revenue (4,015)
Total non-cash items 977

Decrease in accounts receivable 450
Decrease in inventories and prepaid expenses 200
Increase in accounts payable and accrued liabilities 2,750
Decrease in deferred revenue 17,775

21,175
Capital transactions

Acquisitions of tangible capital assets - externally funded (24,569)
Acquisitions of tangible capital assets – internally funded (700)

Proceeds on sale of tangible capital assets 30
(25,239)

Investing transactions
Purchase of investments, net of sales (300)

Financing transactions
Endowment contributions 300
Debt retirement (370)

(70)

(Decrease) in cash and cash equivalents (4,434)

Cash and cash equivalents, beginning of year 28,500

Cash and cash equivalents, end of year 24,066

Page 89

P
E

O
P

L
E

Ashley Enns is an Exercise
Science student working
with personal trainer
Christopher Drakeon.

L E T H B R I D G E C O L L E G E C O M P R E H E N S I V E I N S T I T U T I O N A L P L A N 2 0 1 6 – 1 9 | 87

Page 90

Lethbridge College
3000 College Drive South

Lethbridge, Alberta
Canada T1K 1L6

403.320.3200 • 1.800.572.0103
[email protected]

lethbridgecollege.ca

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