annual report 2011/12 - Manitoba Agricultural Services Corporation

Vacation pay liabilityThe amount recorded as a receivable from the Province of Manitoba for vacation pay expenses was initially based on theestimated value of the corresponding liability as of March 31, 1999. Subsequent to that date, the Province of Manitoba hasincluded in its ongoing annual funding to MASC, an amount equal to its share of the current year’s expense for vacationpay entitlements. As of March 31, 2012, the receivable for vacation pay liability was $169,000 (2011 - $169,000).10. RECEIVABLES FROM THE GOVERNMENT OF CANADA2012 2011AgriInsurance Program $ 1,364 $ 4,157Wildlife Damage Compensation Program 10 389Other programs 4,285 2,392$ 5,659 $ 6,93811. INVESTMENTSMASC’s investments as of March 31, 2012 consist of the following:2012average agriInsurance Hail Insurance Farmland School otherMaturity Terms interest Rate Program Program tax Rebate Program Programs Total90 days or less 0.893% $ 19,962 $ 29,000 $ 3,594 $ 15,590 $ 68,1461 year 1.074% 30,021 10,396 1,146 14,682 56,2452 years 1.738% 40,000 - - - 40,0003 years 1.413% - 13,000 - - 13,0005 years 3.033% - 13,600 - - 13,6001.311% 89,983 65,996 4,740 30,272 190,991Accrued Interest 209 238 3 34 484$ 90,192 $ 66,234 $ 4,743 $ 30,306 $ 191,475average agriInsurance Hail Insurance Farmland School otherMaturity Terms interest Rate Program Program tax Rebate Program Programs total90 days or less 0.919% $ 49,261 $ 16,046 $ 5,079 $ 3,114 $ 73,5001 year 1.045% 193,739 24,768 - 1,308 219,8152 years 1.738% 40,000 - - - 40,0003 years 2.225% - 5,000 - - 5,0005 years 3.513% - 11,100 - - 11,10020111.193% 283,000 56,914 5,079 4,422 349,415Accrued Interest 605 195 5 7 812$ 283,605 $ 57,109 $ 5,084 $ 4,429 $ 350,22744Manitoba Agricultural SeRVICes Corporation – 2011/12 Annual Report