siast 2006-2007 annual report - Saskatchewan Institute of Applied ...

44
The national certification pass rate of
students in SIAST’s Dental Assisting
(pictured), Medical Laboratory, Medical
Radiologic and Cytotechnology programs
was 100 percent.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
Year ended June 30, 2007
(in thousands of dollars)
13. Commitments:
Susan Ehlert, Medical Diagnostics instructor,
participated in the Exam Validation
Committee of the Canadian Association of
Medical Radiological Technology.
SIAST has a number of operating lease commitments pertaining to land and buildings and equipment. The majority of land and buildings are leased on a
continuing basis from Saskatchewan Property Management, in addition to smaller private building lessors. The equipment is leased from various private lessors.
A summary of the future minimum operating lease commitments over the next five years is as follows:
Land and
Buildings Equipment Total
2008 $ 28,059 $ 651 $ 28,710
2009 28,059 185 28,244
2010 28,059 162 28,221
2011 28,059 1 28,060
2012 28,059 - 28,059
The estimated cost to complete major capital projects in progress at June 30, 2007 is approximately $5,872. Funds received, but not yet expended, for these
projects is recorded in deferred grants (note 9 (b)).
14. Contribution to Province of Saskatchewan – General Revenue Fund:
A project to renovate and expand SIAST Kelsey Campus was completed during 2007. SIAST capitalized costs of $1,881 for the renovation portion of the project
and made a contribution to the Province of Saskatchewan – General Revenue Fund of $3,574 to fund the addition to a building leased from Saskatchewan
Property Management. Contributions by SIAST to the General Revenue Fund are not expected to recur.