Unrestricted and Internally Restricted Accumulated Surpluses Policy

The accumulation of surpluses in a public sector organization is not a desirable goal in and of itself. The general expectation is that Lethbridge College will use its funds to provide programs and services in terms of its mission and mandate. However, it is prudent management to set aside a minimum level of accumulated surpluses to be retained on an ongoing basis to offset any future excesses of expenditures over revenues. This serves to manage risk for the organization and also helps to manage cash flow levels for the organization.

Appendix A: Net Assets - Unrestricted and Internally restricted Procedure