This release was issued under a previous government.
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
|
Actual
|
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
|
2015
|
2014
|
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.