Schedule 5A - Long Term Capital Debt

This report has three pages: Long Term Capital Debt Continuity, Long Term Capital Debt Summary, and Sinking Fund Continuity.

Long Term Capital Debt Continuity

Principal, interest, and sinking fund contributions for supported debt and unsupported OFA debt are pre-loaded based on the Capital Wrap Up Template (CWT). Opening balances are preloaded either from the CWT data or from the closing balances of the 2024-25 board-submitted Revised Estimates. Any data loaded from the prior year submission can be overwritten, if required.

This section is divided into:

• Supported capital debt relating to the post-1998 capital wrap-up
• Unsupported capital debt

OFA loan-related information is reported at items 1.1 and 2.1. All amounts are preloaded to these rows based on ministry information.

Column 1: Balance at September 1

The opening balances for the two rows related to OFA loans (items 1.1 and 2.1) are loaded from data maintained by the ministry. Opening balances for the remaining rows are preloaded from the board-submitted 2024-25 Revised Estimates closing balances, and can be adjusted if necessary.

Column 2: Permanent Debt Retirement

Any debt retirement is reported as a negative amount in this column. The amounts for supported debt retirement are based on ministry data collected from school boards.

Column 3: Capital Debts - Capital Leases and Debenture Issues

This column allows school boards to record any capital leases or debentures committed to in the year related to unsupported spending.

Column 4: Principal Payments

OFA loan and other supported debt principal payments are pre-loaded. School boards should report any principal payment related to unsupported debts.

Column 5: Interest Payments

OFA loan and other supported debt interest payments are pre-loaded based on ministry data. School boards should enter any interest payments related to unsupported debt. Total interest entered must equal the total of debt and interest charges reported on Schedule 10 plus the total capitalized interest reported on Schedule 3 less the change in interest accrual reported on Schedule 10ADJ. Interest reported should also only include interest related to external borrowing.

Column 6: Sinking Fund Contributions

Sinking fund contributions related to supported debt are preloaded.

Column 7: Balance at August 31

This column is calculated as the sum of the opening balance, permanent debt retirement, and capital leases and debenture issues columns, less the principal payments column.

All non-OFA unsupported debt information must be input by school boards directly on this form.

Long Term Capital Debt Summary

This report is a summary of the debt continuity information from the previous page, broken down into categories for OFA loans, third party debentures, sinking fund debentures and capital leases.

Sinking Fund Continuity

This report displays a continuity of the sinking fund asset information.

Column 8: Balance at September 1

Preloaded from the board-submitted 2024-25 Revised Estimates closing balance, and can be adjusted if necessary.

Column 9: Retirement

Input any reductions in sinking fund assets when amounts are used for permanent debt retirement.

Column 10: Interest Earned

Input any interest earned on sinking fund assets in the year. Amounts entered here are loaded to Schedule 9, item 6.2 (Interest on Sinking Fund Assets).

Column 11: Contribution

This is the supported sinking fund contribution in the year, and loaded from Schedule 5A, item 1.3, column 6.

Column 12: Balance at August 31

This column is calculated as the sum of columns 8, 10, and 11 less column 9.

Relationship to other schedules:

• Amounts input for sinking fund interest earned (at item 8, column 10) is loaded to Schedule 9, item 6.2 (Interest on Sinking Fund Assets).

• The supported interest in column 5 related to OFA (item 1.1) and non-OFA (items 1.2 to 1.4) are loaded to Section 8A, items 2.1 (for OFA) and 2.2 (for non-OFA).

• The supported principal and debt retirement payments are loaded to Schedule 5.2, items 2.1 (OFA) and 2.2 (Non-OFA):

  • Schedule 5A, item 3.1, column 4 (OFA principal payments) populates Schedule 5.2, item 2.1, column 4.
  • Schedule 5A, item 4.1, sum of columns 2 and 3 populates Schedule 5.2, item 2.2, column 4.

• In the Financial Statements cycle, values on this schedule are loaded to Schedule 7 (Detail of Consolidated Statement of Financial Position), items 2.5.1 to 2.5.5.