ALBERTA SCHOOL of BUSINESS
2010
A L B E R TA
Annual Review
Alberta
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a great Province a great University a great Business School
Our stylized “A” was introduced in 2000 in conjunction with the School’s official name change from the University of Alberta Faculty of Business to the University of Alberta School of Business. The triangular “A” was meant to convey the strength of learning and faculty and to suggest a peak, a pinnacle, a striving to the top, a higher business education. The design also features an abstract “S” and “B” and depicts the Alberta landscape of mountains flowing down into rivers, streams of knowledge, fields of dreams.
In 2010, the vision remains and our name has been preserved. The Alberta School of Business at the University of Alberta. ALBERTA Always has been. Always will be.
ACCOUNTABILITY
Statement of Activity and Cash Flows*
Source of Funds
2009-10
%
2010-11
%
University Operating Funds
20,614,006
50%
20,748,923
49%
Own Source Funds Endowment Earnings (exclusive of Centre Endowments) Executive Education and Executive MBA including Fort McMurray Centres and External Services, Events, and Applied Research Research Grants and Contracts Donations MBA and International Differential Fee
Actual
Forecast
2,330,124
6%
2,440,713
6%
6,246,622
15%
6,856,051
16%
2,531,421 1,438,491 3,408,146 1,958,058
6% 3% 8% 5%
3,206,168 2,177,182 2,282,267 3,153,044
8% 5% 5% 7%
Government Access Funds
2,637,005
6%
1,702,909
4%
Total Own Source Funds
20,549,866
50%
21,818,334
51%
Total Sources of Funds
41,163,872
100%
42,567,258
100%
Use of Funds
2009-10
%
2010-11
%
Teaching1 Research2 Centres, Service, Community Relations, Development Executive Education and Executive MBA including Fort McMurray Technology and Infrastructure Operating and Support Services
16,845,636 10,783,572
40% 26%
16,517,874 10,693,401
39% 25%
4,401,415
11%
5,021,486
12%
5,823,166 1,936,009 1,863,522
14% 5% 4%
6,502,728 1,718,164 2,204,875
15% 4% 5%
Actual
Forecast
Total Uses of Funds 41,653,321 100% 42,658,528 100% Net Inflow (outflow) (489,449) (91,271) Net Unrestricted Reserves2 4,407,777 3,287,160 Net Restricted Reserves 7,017,312 7,962,012 * This statement reflects cash-based activities and represents a managerial view of the School’s fiscal operations. Accordingly, certain activities such as fund raising, professional development, and research recognize revenue when it is received rather than when it is pledged or committed. 1 This includes a proportionate share of academic payroll as it relates to the teaching and research components of scholarly responsibility to the University. 2 Net Unrestricted Reserves comprise balances in own funds that are generally available to the School to cover operations.
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Alberta School of Business
LOGO DESIGN 2010
V E R T I C A L F O R M AT Stand alone version
V E R T I C A L F O R M AT U of A version
H O R I Z O N TA L F O R M AT Stand alone version
H O R I Z O N TA L F O R M AT U of A version