Annual Report 2010/11

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ContentsManagement’s Responsibility for the Consolidated Financial Statements....................................... 37Independent Auditor’s Report.........................................................................................................38Consolidated Statement of Financial Position.................................................................................39Consolidated Statement of Operations...........................................................................................40Consolidated Statement of Changes in Net Assets......................................................................... 41Consolidated Statement of Cash Flow............................................................................................ 42Notes to the Consolidated Financial Statements.............................................................................4336 grant Macewan university
Management’s Responsibility forthe Consolidated Financial StatementsThe accompanying financial statements of Grant MacEwan University are the responsibility ofmanagement and have been approved by the Board of Governors. The consolidated financialstatements have been prepared by management in conformity with generally accepted accountingprinciples described in Note 2.To discharge its responsibility for the integrity and objectivity of financial reporting, managementmaintains a system of internal accounting controls comprising written policies, guidelines andprocedures, and a formal authorization structure. This system is designed to provide managementwith reasonable assurance that transactions are properly authorized, reliable financial records aremaintained, and assets are adequately accounted for and safeguarded.The Board of Governors carries out its fiduciary responsibility for financial management of theUniversity through its Audit and Finance Committee. The Audit and Finance Committee meets withmanagement and the external auditor to discuss the results of audit examinations and financialreporting matters. The external auditor has full access to the Audit and Finance Committee, withand without the presence of management.The Auditor General of the Province of Alberta, the University’s external auditor, appointed underthe Auditor General Act, performs an annual independent audit of the consolidated financialstatements.On behalf of management,Original signed by David W. AtkinsonDavid W. Atkinson, PhDPresidentOriginal signed by Brent QuintonBrent Quinton, CA, MBAvice President, University Servicesconsolidated financial statements 2010/2011 37
Page 8 and 9: About Grant MacEwanUniversityBoard
Page 10 and 11: 10 grant Macewan universityOperatio
Page 12 and 13: PeopleSoft program has enhanced sys
Page 14 and 15: surveys of baccalaureate students.
Page 16 and 17: Progress Report on Achievement ofSt
Page 18 and 19: The university has developed a rang
Page 20 and 21: external webinars and workshops on
Page 22 and 23: • Complete the implementation of
Page 24 and 25: ecommendations on locations for the
Page 26 and 27: Performance MeasuresMacEwan Univers
Page 28 and 29: Academic Programmingand DeliveryDeg
Page 30 and 31: to enhance services. Implementation
Page 32 and 33: Discussion and AnalysisThe followin
Page 34 and 35: • Expenditures funded through the
Page 38 and 39: Independent Auditor’s ReportTo th
Page 40 and 41: Consolidated Statement of Operation
Page 42 and 43: Consolidated Statement of Cash Flow
Page 44 and 45: Notes to the Consolidated Financial
Page 60: Grant MacEwan UniversityP.O. Box 17

Annual Report 2010/11

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