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

▶

Feb 23, 2024 99 likes •243 views

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

SLIDE 1

PRESENTATION TO EDMONTON IPACU

BOB ASCAH, Ph.D Principal, Abpolecon.ca

Abpolecon.ca

SLIDE 2

Alberta Government Finance - Agenda

Basic principles Financial Administration Act Balance Sheet Income statement Historical Charts

Abpolecon.ca

SLIDE 3

Abpolecon.ca

Our Koko

SLIDE 4

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

SLIDE 5

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

SLIDE 6

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

SLIDE 7

Abpolecon.ca

SLIDE 8

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

SLIDE 9

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

SLIDE 10

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

SLIDE 11

Abpolecon.ca

SLIDE 12

Spending stability

1000 2000 3000 4000 5000 6000 7000 8000 9000 10000

Figure 1.2 Alberta Government Per capita Real Expenditures (2002 prices) 1979-2018 (Dollars)

Abpolecon.ca

SLIDE 13

Revenue Variability

0% 10% 20% 30% 40% 50% 60%

Figure 1.1 Non-renewable resource revenue as Per cent ofTotal Revenue minus Federal Transfers: 1981-2018F

NRRR as % of Own Source Revenue Abpolecon.ca