Notes to the Financial Statements (continued)
19 Government of Alberta Transactions and Balances The College operates under the authority and statutes of the Province of Alberta. Transactions and balances between the College and the Government of Alberta (GOA) are measured at the exchange amount and summarized below.
2015
2014
Grants from Government of Alberta Innovation and Advanced Education $
Operating Capital Alberta Innovates Technology Futures
30,787,784
$
6,563,022
3,116,300
40,000
-
5,294,095
Other Total Innovation and Advanced Education
30,568,396
4,042,267
$
42,684,901
$
37,726,963
$
12,244
$
500
Other Government of Alberta departments and agencies Alberta Agriculture
64,652
Alberta Sport, Recreation, Parks and Wildlife Total other GOA departments and agencies Total contributions received
64,651
$
76,896
$
65,151
$
42,761,797
$
37,792,115
(3,703,563)
Add (less): deferred revenue
880,046
$
39,058,234
$
38,672,161
$
-
$
974
Accounts Receivable Innovation and Advanced Education
2,875
Other Post-secondary Institutions
-
105,874
Other Government of Alberta departments and agencies
77,147
$
108,749
$
78,121
$
171,412
$
14,235
$
171,412
$
14,235
Accounts Payable Other Post-secondary Institutions
The College has liabilities with Alberta Capital Finance Authority as described in note 10.
52 Lakeland College
Annual Report 2014-2015