STATEMENT OF FINANCIAL INFORMATION - British Columbia · Approval of Statement of Financial...

STATEMENT OF

FINANCIAL INFORMATION

Fiscal Year Ended June 30, 2017

The Board of Education of School District No. 83

(North Okanagan-Shuswap)

School Funding & Allocation 2 – Table of Contents 2017

Revised: August 2002

School District Statement of Financial Information (SOFI)




TABLE OF CONTENTS

Documents are arranged in the following order:

1. Approval of Statement of Financial Information

2. Financial Information Act Submission Checklist

3. Management Report

4. Audited Financial Statements

5. Schedule of Debt

6. Schedule of Guarantee and Indemnity Agreements

7. Schedule of Remuneration and Expenses including:

Statement of Severance Agreements

Reconciliation or explanation of differences to Audited Financial Statements

8. Schedule of Payments for the Provision of Goods and Services including:

Reconciliation or explanation of differences to Audited Financial Statements

Original Signature on File



School Funding & Allocation Revised: August 2002 04 - Financial Information Act Submission Checklist.rtf





Financial Information Act-Submission Checklist

Due Date

a) A statement of assets and liabilities (audited financial statements). September 30

b) An operational statement including, i) a Statement of Income and ii) a Statement of Changes in Financial Position, or, if omitted, an explanation in the Notes to Financial Statements (audited financial statements)

September 30

c) A schedule of debts (audited financial statements). September 30

d) A schedule of guarantee and indemnity agreements including the names of the entities involved and the amount of money involved. (Note: Nil schedules can be submitted December 31).

September 30

e)

A schedule of remuneration and expenses, including: i) an alphabetical list of employees earning over $75,000, the total amount of expenses paid to or on behalf of each employee for the year reported and a consolidated total for employees earning under $75,000. If the total wages and expenses differs from the audited financial statements, an explanation is required.

December 31

ii) a list by name and position of Board Members with the amount of any salary and expenses paid to or on behalf of the member

iii) the number of severance agreements started during the fiscal year and the range of months' pay covered by the agreement, in respect of excluded employees. If there are no agreements to report, an explanation is required

f) An alphabetical list of suppliers receiving over $25,000 and a consolidated total for those suppliers receiving less than $25,000. If the total differs from the Audited Financial Statements, an explanation is required.

December 31

g) Approval of Statement of Financial Information. December 31

h) A management report approved by the Chief Financial Officer December 31

School District Number & Name: No. 83 (North Okanagan-Shuswap)

Original Signature on File Original Signature on File


School Funding & Allocation 07 - Schedule of Debt.rtf






SCHEDULE OF DEBT

Information on all long term debt is included in the School District Audited Financial Statements.

Prepared as required by Financial Information Regulation, Schedule 1, section 4

School Funding & Allocation 08 - Schedule of Guar & Indem.rtf






SCHEDULE OF GUARANTEE AND INDEMNITY AGREEMENTS

The Board of Education of School District No. 83 (North Okanagan-Shuswap) has not given any guarantee or indemnity under the Guarantees and Indemnities Regulation.


NOTES: Remuneration: In addition to regular salary, includes all taxable benefits and represents all amounts paid in that particular year, and may include one-time payments such as retirement allowances, retro pay, and vacation pay. Employee Expenses include payments to, or on behalf of, the employee for approved school district business expenditures such as travel, professional development, and association memberships, incurred in the normal course of activities as an employee of the Board. School Funding & Allocation 09 - Rem & Exp.rtf

Revised: January 2007





SCHEDULE OF REMUNERATION AND EXPENSES

OFFICIAL TRUSTEE : POSITION REMUNERATION EXPENSE

McKay, Mike Official Trustee $ 84,000.00 $ 20,148.15 TOTAL OFFICIAL TRUSTEE:

$ 84,000.00 $ 20,148.15



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE ABBOTT, JEFFERY $ 104,974.35 $ 3,119.98 ANDERSON, SCOTT R. 119,139.61 2,815.43 ANGERS, GUYLAINE 83,006.44 - ARTHURSON, SANDRA 80,409.14 - AUSTIN, GEOFF 81,075.38 324.71 BAKER, CORA-LEE 90,139.67 352.08 BALFOUR, EBERLE 80,362.58 508.80 BALLANCE, DIANNE LYNNE 121,936.13 8,116.06 BEACH, GWENDOLYN 80,464.84 - BELEC, RICHARD 81,184.82 - BENNETT, DON R. 90,460.00 55.91 BENNETT, LYNDA JANE 84,937.69 - BENNETT, STEPHEN J. 104,091.14 406.96 BETTCHER, TREVOR 83,700.66 2,620.59 BIRD, SHAWN 88,783.04 426.99 BITTANTE, NICOLE 148,837.14 11,207.39 BLACKLOCK, CHRISTINE 88,900.44 - BODY, JULIA ELLEN 88,354.38 - BOOTH, MICHAEL 86,849.18 - BORTHISTLE, GLENN 152,724.62 19,607.62 BOSTOCK, DONNA 76,212.38 - BOTTRILL, CAMERON 86,068.44 - BOYD, LOREE D 86,849.16 - BRADSHAW, JONATHAN 81,609.21 81.00 BRITTON, PAUL 91,083.12 6,283.88 BROWN, DENISE 112,615.25 774.63 BROWN, DOUGLAS 92,554.98 1,736.93 BROWN, SUSAN 81,157.94 - BUSHELL, TANYA NADINE 88,998.09 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE BYRNES, PETER $ 88,479.06 $ - CADDEN, ROBERT 107,511.05 1,889.49 CAINE, JACQUELINE 80,464.82 - CAVES, LESLEY JAY 86,775.00 - CHEEK, PATRICIA J. 81,075.38 - CHUDIAK, BRENT 83,614.48 4.30 CHUDIAK, PAMELA 106,881.07 1,233.56 COOMBS-SMITH, LISA 88,017.09 869.90 COOPER, CARL A.G. 137,801.23 4,534.56 CORBETT, ALAN 87,017.89 1,394.49 CORBETT, SHEILA ANN 81,852.16 - CORKE, MARCY LEE 81,203.13 166.91 CORMIER, KYLE 132,680.25 9,454.76 CORSTON, SHANE C 116,351.32 607.59 COX, GLORIA 91,790.44 - CRAIG, COLLEEN 91,380.70 439.97 CROCKER, JODI 77,822.93 - CULL, SHELLY 105,454.76 4,843.36 CUMMING, ANGELA 85,479.08 - CUMMING, DOUGLAS 113,470.39 2,292.64 DAM, APRIL 80,729.16 - DAUGHTRY, JENNIFER 80,367.96 - DAWKINS, MARK 81,129.14 - DECKER, ADRIAN 90,281.41 - DEN BOER, ENGELINE GERDIN 76,057.63 2,582.82 DEROSA, DAN 88,908.99 - DEWITT, BEVERLEY ANNE 88,839.06 - DIDIER, NICOLAS 86,086.74 - DODDS, EARL 87,280.19 - DOLINAR, MICHELLE 79,744.82 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE DOLLACK, MARTINE $ 82,052.32 $ 439.97 DORAY, GENE 120,601.75 294.60 DORWARD, LISA KAREN 77,512.64 - DOUGLAS, MICHELLE 78,808.06 - DRAPALA, STEVEN 107,155.69 9,891.85 DUNCAN, JOCELYN 79,892.72 2,203.40 DYER, CELIA ANN 80,302.84 - EDGELL, VALERIE L 120,961.85 1,509.39 EL GAZZAR, ABBAS 122,489.23 1,213.62 ELLIS, GERALDINE 85,409.16 2,283.90 ELLIS, ROB 105,195.89 986.80 ENNIS, DONALD 83,744.52 48.60 FARRIS, CAROLYN 79,562.78 1,109.44 FASSBENDER, HOLLY LYNN 81,188.66 - FIELD, CHERYL 86,068.44 - FINDLAY, JENNIFER 85,141.04 5,019.03 FINDLAY, REID 122,489.23 3,427.94 FOWLER, WAYNE 88,723.08 645.86 FRASER, WADE 81,184.82 - GARRIES, JODI CHRISTINE 109,841.71 133.11 GECSE, DEREK 81,235.94 100.00 GECSE, LEANNE 86,314.94 - GEORGE, LORI 88,056.84 - GERVAIS, ISABELLE 113,568.29 4,700.16 GOODWIN, MITCHELL 83,590.78 - GREENHOUGH, GARY 92,419.05 3,210.79 HADATH, TARA 75,125.22 - HADDEN, KYLA 84,641.44 1,319.70 HAGEN, KILMER 87,040.20 - HAHN, DONNA D. 82,341.12 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE HALL, MICHELLE $ 80,593.22 $ 4,135.41 HAMEL, SOPHIE 88,608.20 268.62 HARRINGTON, CHRISTOPHER P. 86,849.16 - HARRIS, HEATHER 83,054.55 - HARRISON, ALAN 113,067.57 - HOBKIRK, BRUCE 80,529.86 - HOFFORT, MONICA 84,678.17 656.68 HOLLATZ, DAVID 84,610.16 1,196.62 HOLMES, STEPHEN A. 86,788.44 - HOULE, ROGER 81,375.36 1,460.40 HOWIE, JAMES 110,216.91 3,420.21 IZIK-DZURKO, DAVID ANDREW 86,495.83 - IZIK-DZURKO, PATRICIA DIANE 87,399.06 - JAKOBSEN, JOHN 80,653.40 - JAMIESON, KENNETH J. 76,663.40 - KELSEY, TRINA 90,724.60 - KENNEDY, KIRAN K. 85,319.40 - KENNETT, NORA 108,650.74 9,215.45 KENWARD, PATTY 80,399.56 - KING, JARED 104,503.47 2,779.68 KNIPE, SHERRY 80,236.22 - KOCSIS, GEORGE 83,373.37 108.00 KOLKIND, NANCY K 88,926.85 2,168.64 KOOCHIN, EDWARD A 86,909.14 - KOROLUK, STANLEY 87,219.74 - LABOUCANE, IRENE 110,216.81 10,946.66 LABRIE, NATHALIE 89,891.02 11,139.59 LANDY, IAN 114,687.48 2,810.25 LANGLOIS, SHARON 85,455.06 - LANGSTON, CORRINNE 98,421.58 746.86



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE LARMAND, LAURELLE $ 80,301.50 $ 349.10 LARSEN, SHERYL 86,734.68 - LAURIN, NADINE 81,184.82 - LAWLESS, HEATHER 81,241.62 - LAWSON, CAROL-ANN 86,469.68 - LAZAR, SAMUEL J 88,900.44 - LEASK, HEATHER 88,723.08 - LEAVITT, JO-ANNE 89,390.70 - LEBETER, GARY 88,886.48 325.48 LEE, MICHELE 86,351.48 - LEMAIRE, PATRICIA 87,605.35 3,556.19 LEPINE, CHRISTINA 81,241.62 - LEPINE, PHILIP 87,849.73 394.70 LIMBER, KIRA 79,910.30 1,473.04 LITTLE, SANDRA 82,164.02 16.45 LOMBAERT, TIFFANY SANDRA 89,230.97 - LOVE, CHRISTINE 104,794.96 3,618.64 LYNKA, ROBERT 87,599.34 - MACARTHUR, CATHERINE 80,729.00 - MACAULAY, ROBERT B. 122,806.61 3,366.35 MACAULAY, TAMMI 85,409.16 310.21 MACKAY, BARRY A 79,998.68 - MAILLOUX, MELVIN 88,793.14 - MAJERECH, BRENDEN 80,570.38 - MARINO, MARK 107,398.21 7,074.78 MARTIN, JAMES ALAN 90,939.04 - MAZUR, KIRSTEN JOANNE 104,974.35 1,601.65 MCAFEE, ROBBIE 81,241.62 - MCDERMOTT, CHRISTINA 86,423.38 22.15 MCPHERSON, TAMMY LYNN 86,129.16 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE MEERZA, TAMMY RENE $ 81,184.82 $ - MEGYESI, MARK ALLAN 88,397.40 36.41 MEISE, RYAN 81,018.24 - MENZIES, JOEL 105,334.45 2,058.96 MENZIES, TYRA 78,905.78 - MIDDLETON, DIANNE 84,900.67 618.55 MIEGE, KATHLEEN 77,378.08 2,182.16 MILNE, ERINN LYNNE 82,014.74 - MILTON, HEATHER 79,694.68 22.15 MITCHELL, SHARON 85,899.58 587.11 MOERIKE, RETA M. 88,839.08 1,620.54 MONTGOMERY, HEATHER 81,190.65 530.95 MOR, MARTA 87,253.00 - MORRIS, VIVIAN 80,303.56 1,468.10 MORRISON, STACY 78,464.18 293.80 MUNK, ADELE 80,952.29 - NASH, ROBERT 81,129.14 - NEID, ROB 89,390.70 113.40 NEUFELD, CINDY 81,287.76 - NICHOLSON, GREGG 81,184.82 - NIEWENHUIZEN, SHERALEE 82,254.86 1,213.38 NYESTE, CHELSEA 103,587.47 450.00 O’BRIEN, MICHAEL 80,743.16 - O’DELL, BRENDA LEE 87,654.60 - OBONSAWIN, BARBARA 80,409.14 - OLLINGER, MEGAN 86,755.56 - OLLINGER, STEPHEN T. 93,113.40 3,372.95 OVERGAARD, GLEN 116,067.42 1,590.03 PATERSON, MARGARET 81,184.82 - PEEL, CHRISTINE 81,075.38 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE PEREPOLKIN, LYNN LEE $ 78,277.60 $ - PETCH, RAEGAN 76,964.50 1,075.74 POBUDA, PATRICIA 85,965.84 - PORTER, JANICE 79,744.82 - PUGH, AL 88,004.70 160.00 PYLE, STEPHEN W. 80,789.06 - QUILTY, JOHN G. 86,999.16 1,798.04 QUILTY, NADINE LOUISE 79,568.16 - QUINTON, KAREN RUTH 86,417.16 1,109.88 RALSTON, NOAH 89,752.81 - RAMSAY, DAVID 88,839.08 6.58 RASMUSON, MICHELLE S. 78,973.00 1,522.62 REED, MEGAN 86,129.16 - REED, MICHELLE J 83,111.63 250.00 RICHARD, GEORGE 88,839.06 - RICHOUX, MONIQUE 88,839.08 - RITCHIE, GORDON 107,130.29 4,410.50 ROBERTS, BROOK 80,521.62 - RODWELL, STEVE 79,770.47 - ROLLIER, DONNA ANN 79,841.12 120.96 ROSMAN, PAUL 97,514.60 - RUCKLE, ANDREA P. 80,401.25 85.32 RUSK, MEREDITH 86,895.18 99.20 SCHIELKE, CHRISTOPHER 80,395.02 - SCHIPFEL, BARBARA L 79,347.50 - SCHMIDT, BRADLEY 88,348.56 - SCHMIDT, KIMBERLY 79,744.82 - SCHNEIDER, CARLA 113,983.57 964.02 SEAL, ALEX EDWIN 91,886.31 61.78 SEED, GREG 86,999.16 1,401.13



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE SEIBEL, MARIE $ 88,989.06 $ 5,294.16 SEILER, JANE 88,224.34 636.15 SEVERSON, KATHY 85,054.05 - SHYKORA, LEAH 82,422.32 1,133.07 SHYKORA, TERRY I 88,776.86 820.05 SILCOCKS, DALE 79,898.90 11.78 SMITH, CRAIG BRYDON 75,819.39 258.46 SMITH, DOUG 89,992.72 633.75 SMITH, HOWARD A 80,566.50 - SMITH, JANU 81,812.92 - SMITH, JOHN E 89,438.84 - SNOW, BEV 80,226.64 3,707.37 SOLES, DIANE M 86,907.44 - STRANGWAYS, KAREN DALE 81,075.38 - STROMGREN, CHRIS 87,424.46 - STUART, JANINE 81,131.06 - SWEET, RICHARD C. 81,464.50 - TARNOW, CHELSEY I.E. 80,136.76 970.03 TASSIE, MARY 88,056.84 12.81 TAYLOR, WENDY JOANNE 81,075.38 - TERRELL, JOSEFINE 80,358.30 - THIESSEN, DANA F.M. 81,394.58 - THOMAS, KRISTA 88,846.68 1,068.19 TOOP, ANNETTE 90,534.89 - TOWGOOD, LOIS 79,184.18 - TRUSCOTT, CRYSTAL 88,008.94 767.28 TUJIK, PETER 88,900.44 - VAN BERGEYK, DAVID 88,900.44 - VAN DER MEER, JODI 110,259.51 1,283.97 VARGA, ALEXANDER N. 86,788.44 -



DETAILED EMPLOYEES > 75,000.00 : NAME REMUNERATION EXPENSE VENABLES, BOB C. $ 88,693.00 $ - VONNIESSEN, ERIK 87,955.74 1,004.67 WEBSTER, SHERI D 81,184.82 796.45 WEEKS, SHAWN ARTHUR 104,974.35 1,007.97 WEIR, MEGAN 88,439.64 1,887.04 WENTWORTH, JODIE 88,414.68 - WHITEHEAD, SUSAN ELAINE 81,184.82 - WIDDIFIELD, TRACEY LYNNE 85,921.74 - WIENS, ROBIN 89,665.44 116.45 WILLIAMS, CHRISTINE 87,399.06 - WILLIAMS, KATHERINE 83,923.72 - WILLIAMS, STEPHEN MARK 90,490.24 - WOOD, JAMES A. 81,162.38 - WOODHURST, WENDY S. 114,881.74 4,771.87 ZINCK, EMILY 86,849.16 - TOTAL DETAILED EMPLOYEES > $ 75,000.00 $ 22,665,574.24 $ 255,859.06

TOTAL EMPLOYEES <= $ 75,000.00 25,117,328.32 264,244.27 TOTAL, EMPLOYEES OTHER THAN OFFICIAL TRUSTEE $ 47,782,902.56 $ 520,103.33 REMUNERATION TO OFFICIAL TRUSTEE 84,000.00 20,148.15 CONSOLIDATED TOTAL $ 47,866,902.56 $ 540,251.48

TOTAL EMPLOYER PREMIUMS FOR CPP/EI

$ 2,475,463.37


School Funding & Allocation 10 - Severance (NIL).rtf






STATEMENT OF SEVERANCE AGREEMENTS

There were no severance agreements made between the Board of Education of School District No. 83 (North Okanagan-Shuswap) and its non-unionized employees during fiscal year 2016-2017.

Prepared as required by Financial Information Regulation, Schedule 1, subsection 6(7)

School Funding & Allocation 11 - Schedule of Remuneration to FS Reconciliation.rtf





SCHEDULE OF REMUNERATION TO FINANCIAL STATEMENT RECONCILIATION

The Schedule of Remuneration differs from the related figures in the financial statements. For the Schedule of Remuneration, the most common reconciling items are expected to be: Adjustments to account for the difference between remuneration paid on a cash basis

and salaries expenditures in the financial statements on an accrual basis. This reconciling item would show the change in payroll accrual items at the beginning and end of the year.

Taxable benefits that are included in remuneration.

The schedule of remuneration includes salaries which are wholly or partially recovered

or reimbursed from other organizations.

Various small reconciling items.

NOTES: Payments to benefit carriers include employee payroll deductions made on behalf of employees in addition to the employer cost.

School Funding & Allocation 12 - Vendors.rtf






SCHEDULE OF PAYMENTS MADE FOR THE PROVISION OF GOODS AND SERVICES VENDOR NAME EXPENSE DETAILED VENDORS > $ 25,000.00 :

1&2 ELECTRIC LTD $ 233,877.00 ADVANCED ELECTRICAL SYSTEMS LTD 105,590.10 ALKALOID NETWORKS INC. 134,302.78 APEX EHS SERVICES INC 32,274.59 APPLE CANADA INC 89,428.67 ARI FINANCIAL SERVICES INC 62,680.00 ARMSTRONG REGIONAL COOPERATIVE 447,324.96 ART STARTS IN SCHOOLS 49,751.40 ASKEW’S FOOD SERVICES LTD. 27,306.25 BARAGAR ENTERPRISES LTD 34,545.00 BC HYDRO 941,471.08 BC PRINCIPALS & V.PRINCIPALS A 48,725.02 BC SCHOOL TRUSTEES ASSOCIATION 39,082.64 BC TEACHER’S FEDERATION 1,059,750.07 BLACK PRESS GROUP LTD 35,585.81 BMO BANK OF MONTREAL 31,000.94 BOB COCHRANE 31,500.00 BOOKINGHAM PALACE BOOK STORE 25,461.10 CAYENTA SCHOOLS 48,481.83 CDW CANADA 60,867.04




VENDOR NAME EXPENSE DETAILED VENDORS > $ 25,000.00 : CITY OF ENDERBY $ 25,924.52 CITY OF SALMON ARM 48,834.63 DAWN RICHARD (JOHNSON) 43,354.64 DEARBORN MOTORS LTD 103,974.84 EDUCAN INSTITUTIONAL FURNITURE LTD 32,227.07 FLEET CHARGE 107,766.99 FORTIS BC - NATURAL GAS 205,556.09 GEMM DIESEL SERVICE 55,998.39 GRAYBAR CANADA 26,261.08 GREAT WEST LIFE 41,401.42 GREAT WEST LIFE ASSURANCE CO 68,194.89 HARRIS & COMPANY 25,511.48 HOME BUILDING CENTRE - SALMON 33,155.06 ICS CLEAN SUPPLIES LTD 31,494.95 IRL INTERNATIONAL TRUCK 113,280.97 JONATHAN MORGAN & COMPANY LTD 25,943.82 KAL TIRE 47,859.27 KAMLOOPS COMPUTER CENTRE 35,176.98 LAVERNE TURNER CONTRACTING LTD 61,347.70 LIQUID VENTURES LTD 25,314.39 LITTLE SHUSWAP LAKE INDIAN BAND 54,013.01 LORDCO PARTS LTD-MAPLE RIDGE 48,540.94 MADDOCKS CONSTRUCTION LTD 1,108,127.24 MCKILLICAN CANADIAN INC 31,846.57 MEDICAL SERVICES PLAN OF BC 937,589.10 MILLS OFFICE PRODUCTIVITY 30,344.48 MINISTER OF FINANCE 118,835.30 MITCHELL PRESS LTD 26,314.40 MORNEAU SHEPELL LTD 73,733.99 MQN ARCHITECTS 106,189.50 MUNICIPAL PENSION PLAN 2,208,199.80 NORTH OKANAGAN-SHUSWAP TEACHER 273,108.92 NORTHERN COMPUTER 283,341.53 OKANAGAN COLLEGE 56,325.31




VENDOR NAME EXPENSE DETAILED VENDORS > $ 25,000.00 : OKANAGAN RESTORATION SERVICES $ 162,868.17 OKANAGAN VALLEY SCHOOL EMPLOYEES 301,274.84 OPTUM HEALTH SERVICES (CANADA) 32,997.52 PACIFIC BLUE CROSS 1,292,197.15 PCG CANADA ULC 47,775.00 PEBT IN TRUST 742,051.34 PLANET CLEAN 30,293.92 POINTS WEST 93,395.63 PRAIRIECOAST EQUIPMENT INC-KEL 62,282.42 PREMIUM TRUCK & TRAILER INC 70,242.68 PROGRESSIVE WASTE SOLUTIONS 37,775.85 RICOH CANADA INC 90,518.73 ROBOTSHOP INC 28,413.18 SCHOOL SPECIALTY CANADA 26,847.84 SHELL ENERGY N. AMERICA (CANAD 87,969.98 SHEPHERD’S HARDWARE 97,291.38 FALCON ENGINEERING LTD 190,423.51 SOFTCHOICE LP 34,870.56 SOUTHWESTSUN VENTURES 38,766.00 SPOONER INDUSTRIAL LTD 25,300.10 SRB EDUCATION SOLUTIONS INC 112,169.41 STANDARD ROOFING LTD 27,435.30 STAPLES ADVANTAGE CORPEXPRESS 78,441.44 SUPERIOR PROPANE 120,165.01 TAKE TWO INC 52,781.92 TEACHERS PENSION PLAN 8,356,736.38 TELUS 77,788.24 TELUS MOBILITY 59,533.52 THE FLOOR STORE 234,335.33 TOTAL OFFICE INTERIORS 55,800.07 TRAINOR MECHANICAL CONTRACTORS 1,215,440.21 WESCLEAN EQUIPMENT & CLEANING 58,777.54 WESTSIDE PROPERTY MAINTENANCE 51,146.99 WESTVAC INDUSTRIAL LTD 33,009.36




VENDOR NAME EXPENSE DETAILED VENDORS > $ 25,000.00 : WOOD WYANT INC $ 41,780.64 WORK SAFE BC 290,896.80 TOTAL DETAILED VENDORS > $ 25,000.00

$ 24,413,889.51

TOTAL VENDORS <= $ 25,000.00

3,615,099.68

TOTAL PAYMENTS FOR THE GOODS AND SERVICES

$ 28,028,989.19


School Funding & Allocation 13 - Schedule of Payment for Goods and Services.rtf




Fiscal Year Ended June 30, 2017 SCHEDULE OF PAYMENT FOR GOODS AND SERVICES TO FINANCIAL STATEMENT RECONCILIATION

The schedule of payments for Goods and Services differs from the related figures in the financial statements. For the Schedule of Payments for Goods and Services, the most common reconciling items are likely to be: Adjustments to account for the difference between payments made on a cash basis and

financial statements reporting expenditures on an accrual basis. This would include adjustments for opening and closing balances of inventories, prepaid expenses, accounts payable and accrued liabilities.

Goods and Services Tax (GST)

The list of payments to suppliers includes 100% of GST while the expenditures in the financial statements would be net of the GST rebate.

Foreign Currency Payments The list of payments to suppliers does not include foreign currency payments to suppliers from the United States while the expenditures in the financial statements reflect the costs of any foreign currency payment.

Third Party Recoveries The schedule of payments for Goods and Services includes expenditures which are wholly or partially recovered or reimbursed from other organizations. Such disbursements would be netted out thereby reducing the districts’ operating expenditures in the financial statements.

The payment schedules include benefit remittances which include the employee’s share of the cost. Also the employer cost for these payments are included in the benefits section of the financial statements.

Various small reconciling items.

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