PRESENTATION TO EDMONTON IPACU BOB ASCAH, Ph.D Principal, - PowerPoint PPT Presentation

PRESENTATION TO EDMONTON IPACU BOB ASCAH, Ph.D Principal, Abpolecon.ca Abpolecon.ca

Alberta Government Finance - Agenda  Basic principles  Financial Administration Act  Balance Sheet  Income statement  Historical Charts Abpolecon.ca

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Alberta Government Finance – Basic principles  Legislature’s role  Power of appropriation  Power to tax  Power to borrow  One consolidated revenue fund  Audit  Public Accounts Committee Abpolecon.ca

Alberta Government Finance – Financial Administration Act  http://www.qp.alberta.ca/documents/Acts/F12.pdf  Treasury Board ss. 4-5  General Revenue Fund s. 14  Receipt of public money ss. 14-23 (Part 2)  Granting of supply – appropriation ss. 24-28.1 (Part 3)  Spending “disbursement” of public money ss. 29 -39 (Part 4)  Investments ss. 40-51 (Part 5)  Borrowing ss. 55-69 (Part 6)  Guarantees ss. 70-76 (Part 7) Abpolecon.ca

Alberta Government Finance – Balance Sheet- Statement of Financial Position https://open.alberta.ca/dataset/7714457c-7527-443a-a7db-  dd8c1c8ead86/resource/cb1d2565-b262-4746-9499-68e409d9f72c/download/goa-2017- 18-annual-report.pdf Management’s responsibility  Auditor’s opinion  Consolidated Statement of Financial Position  Assets  Cash and short-term investments  Receivables  Portfolio investments  Loans  Equity in government enterprises- ATB Financial  Non-financial assets- schools, universities, hospitals etc.  Abpolecon.ca

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Alberta Government Finance – Balance Sheet  https://open.alberta.ca/dataset/7714457c-7527-443a-a7db- dd8c1c8ead86/resource/cb1d2565-b262-4746-9499- 68e409d9f72c/download/goa-2017-18-annual-report.pdf  Liabilities  Accounts and interest payable  Short and long-term debt  Pension liabilities  Public-Private partnerships Abpolecon.ca

Alberta Government Finance – Statement of Operations  https://open.alberta.ca/dataset/7714457c-7527-443a-a7db- dd8c1c8ead86/resource/cb1d2565-b262-4746-9499- 68e409d9f72c/download/goa-2017-18-annual-report.pdf  Revenue  Income taxes- PIT, CIT  Non-renewable resource renewable  Government of Canada Transfers  Business enterprises- AGLC  Investment income  Premiums, fees, etc. Abpolecon.ca

Alberta Government Finance – Statement of Operations  https://open.alberta.ca/dataset/7714457c-7527-443a-a7db- dd8c1c8ead86/resource/cb1d2565-b262-4746-9499- 68e409d9f72c/download/goa-2017-18-annual-report.pdf  Spending Program   Health  Education  Social Services  Economic development  Protection Debt Servicing Amortization Abpolecon.ca

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Spending stability Figure 1.2 Alberta Government Per capita Real Expenditures (2002 prices) 1979-2018 (Dollars) 10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Abpolecon.ca

Revenue Variability Figure 1.1 Non-renewable resource revenue as Per cent ofTotal Revenue minus Federal Transfers: 1981-2018F 60% 50% 40% 30% 20% 10% 0% NRRR as % of Own Source Revenue Abpolecon.ca