Schedule 5A - Long Term Capital Debt

This report has two pages: Long Term Capital Debt Continuity and Long Term Capital Debt Summary.

Long Term Capital Debt Continuity

Principal and interest for supported debt and unsupported OFA debt are preloaded based on the Capital Wrap Up Template (CWT). Opening balances are preloaded either from the CWT data or from the closing balances of the 2025-26 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 2025-26 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 preloaded. School boards should report any principal payment related to unsupported debts.

Column 5: Interest Payments

OFA loan and other supported debt interest payments are preloaded 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 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, and capital leases.

Relationship to other schedules:

• The supported interest amounts in column 5 related to OFA (item 1.1) and non-OFA (item 1.2) are loaded to Section 8, 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 4 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.