The Public Accounts include the Province
of British Columbia’s audited financial statements and other key financial
information for the past fiscal year. For accounting purposes, like most public
sector organizations, the Province’s fiscal year begins on April 1 and ends
The Public Accounts are one of the
most important sets of accountability documents prepared by the Province of British
Columbia. They compare the actual financial results at the end of the fiscal year
to the budget plan set out at the beginning of the fiscal year.
The Province’s Summary Financial Statements are reviewed by the Auditor
General, who is an independent officer of the Legislative Assembly of British
Accounts for the Fiscal Year Ended March 31, 2014 (PDF) -- the entire volume
of the Public Accounts as printed in the paper version, including a convenient
live index to aid in navigating the electronic document.
Portions of this volume are available below as separate, smaller PDF files; more
detailed descriptions of the contents are available in the documents:
Financial Statement Discussion
and Analysis (Unaudited) — this section provides highlights and commentary
on the Province of British Columbia’s financial performance.
Summary Financial Statements — these audited
statements pull together and summarize all the financial activities within the
province’s reporting entity, which includes the government, Crown corporations,
school districts, universities, colleges, institutes and health organizations.
Supplementary Information (Unaudited)
— provides additional information such as total revenues, expenses, and
staff utilization for Crown corporations, school districts, universities, colleges, institutes and
health organizations, and how these results impact the summary financial statements.
Consolidated Revenue Fund Extracts (Unaudited)
— this section details the spending of government ministries and legislative
offices; it includes statements of financial position,operations, and cash flow; summaries of government revenues, expenses, financing transactions,
and a schedule of write–offs and remissions.
Provincial Debt Summary — information
on the province’s debt, including key debt indicators and performance measures.
and schedules to accompany the release of the Public Accounts —
more detailed descriptions of the contents are available in the documents:
Fund Supplementary Schedules — these provide details on the budgets
and spending for individual government ministries, staff utilization and other financial information
on government operations.
Revenue Fund Detailed Schedules of Payments — includes lists of salaries
and travel expenses for Members of the Legislative Assembly, Ministers, appointed
public service employees, and public service employees who earned more than $75,000
per year; a list of all recipients of government grants or transfers totalling
more than $25,000 and a list of all service providers who received total payments
from government in excess of $25,000.
Purchasing Card Payments — a list
of all government purchasing card transactions for the fiscal year.
Legislative Assembly Payments
— a list of all supplier, salary and travel payments made on behalf
of the Legislative Assembly of British Columbia.
of Public Debt — shows the debt obligations of the Province
of British Columbia, including direct debt used for government operating and capital
purposes, the debt of Crown corporations and agencies that require government
subsidy, the debt of commercial Crown corporations and agencies, and the debt
of the Warehouse Borrowing Program.
Statements of Government Organizations and Enterprises — links to the
audited financial statements of all public sector organizations and agencies,
such as Crown corporations, schools districts, colleges, universities and health
authorities, that are included in the government reporting entity.
Corporation and Agencies Statement of Full Time Equivalent Employment —
a table that details the number of FTEs in respect of Crown corporations and Agencies.
Compensation — links to a report detailing the compensation of the chief
executive officers and the next four highest paid executives of public sector
employers required to report under the Public Sector Employers Act as amended
in the Miscellaneous Statutes Amendment Act, 2008.
Contractual Obligations - details of significant government contractual commitments, including service agreements, program delivery agreements, capital development agreements and operating and maintenance agreements.