Annual Report 2010/11

Notes to the Consolidated Financial StatementsFor the Year Ended June 30, 2011 (thousands of dollars)Note 20Canada - Alberta Knowledge Infrastructure ProgramThe Canada - Alberta Knowledge Infrastructure Program (KIP) was established to providefunding in support of capital projects at post secondary institutions in order to offset the impactof the global economic recession by providing employment opportunities. Eligible KIP projectscan receive up to 50% of its funding from Government of Canada contributions through directpayments made by the Province. The remaining portion of funding for KIP projects is made up ofinternal resources, provincial contributions and research grants. The KIP program supports eligiblecosts incurred from February 24, 2009 to March 31, 2011. Amounts received from the Province ofAlberta representing Government of Canada contributions and total eligible costs incurred on KIPprojects are as follows:April 1, 2010 to April 1, 2009 to February 24, 2009March 31, 2011 March 31, 2010 to March 31, 2009 totalContributions $ 2,862 $ 1,151 $ - $ 4,013Total Eligible Costs $ 5,094 $ 1,494 - $ 6,588Note 21Comparative AmountsCertain 2010 figures have been reclassified to conform to the presentation adopted in 2011consolidated financial statements.Note 22Approval of Financial StatementsThese financial statements were approved by the Board of Governors on November 22, 2011.58 grant Macewan university