Skip to content Skip to site navigation Skip to search

2014-15 annual reports now available online

Released today were the Government of Alberta Annual Report, ministry annual reports and Alberta Heritage Savings Trust Fund Annual Report. 

The Government of Alberta Annual Report includes an Executive Summary with key fiscal information, the Consolidated Financial Statements and Measuring Up, a report on performance results.

Year End Results

On the Consolidated Financial Statements basis, the government had a surplus of $1.1 billion. On the fiscal plan basis, the surplus was $1.4 billion.

2014-15 Year End results ($millions)

Consolidated Financial Statements Basis

Actual
2013-14

Actual
2014-15

Total Revenue

$49,434

$49,481

Total Expense

$49,736

$48,366

Surplus/(Deficit)

($302)

$1,115

Fiscal Plan Basis

Budget

Actual

Change

Non-renewable resource revenue

$9,209

$8,948

-261

Total Revenue

$44,354

$45,282

928

Total Expense

$43,267

$43,847

580

Surplus

$1,087

$1,435

349

Capital Plan

Budget

Actual

Change

Capital Plan spending

$6,599

$5,890

-709

Direct borrowing

$4,883

$3,021

-1,862

Savings
(as of March 31)

2015
Actual

2014
Actual

Change

Heritage Fund and endowments

$18,874

$18,562

312

Contingency Account

$6,529

$4,658

1,871

Energy and Economic Assumptions

Budget

Actual

Change

WTI (US$/bbl)

$95.22

$80.48

-14.74

WCS @ Hardisty (Cdn$/bbl)

$77.18

$70.78

-6.40

Differential (in US$)

$24.99

$17.30

7.69

Exchange Rate (US¢/Cdn$)

91.0¢

88.0¢

3.0

Additional information

Annual reports or the “Public Accounts of Alberta” are published in accordance with the Financial Administration Act and the Fiscal Management Act. The legislation specifies that the government annual report for the preceding fiscal year must be made public on or before June 30.

The 19 ministry annual reports and financial statements were prepared based on the ministry structure as of September 15, 2014. The names of two ministries are different from the current names:

  • Agriculture and Rural Development (now Agriculture and Forestry)
  • Environment and Sustainable Resource Development (now Environment and Parks)

Each ministry annual report includes financial statements of regulated funds, provincial agencies and Crown-controlled corporations.

The government’s consolidated financial statements, and all ministry and department financial statements, are audited by the Office of the Auditor General. All 223 government entity financial statements received clean audit opinions from the Auditor General for 2014-15.


Media inquiries