2016 - 2017 Annual Report - North West College - Saskatchewan€¦ · NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT November 30, 2017 The Honourable Herb Cox Minister of Advanced

2016 - 2017 Annual Report

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

November 30, 2017

The Honourable Herb CoxMinister of Advanced EducationLegislative BuildingRegina SK S4S 0B3

The Honourable Minister Cox:On behalf of the Board, and in accordance with Section 16 of the Regional Colleges Act and Section 14 of the Regional Colleges Regulations, I am pleased to submit the Annual Report of North West College for the fiscal year ending June 30, 2017.

Sincerely,

Ken HodgsonActing ChairBoard of Governors

VisionLeaders in building community.

MissionTo provide adult learning opportunities and to promote life-long learning as a means of enhancing the cultural, economic and social life of the individuals and communities it serves.

ValuesExcellence – We are outstanding and go above and beyond what is expected

Integrity – We are accountable for our actions and we do what we say

Invested – We are invested in our mission, vision, people and relationships

Innovation – We are flexible, responsive, proactive and forward-thinking

Blue Flax Flower – Both beautiful and beneficial, flax is a harvested crop in northwestern Saskatchewan.For centuries, both Indigenous and newcomers have appreciated the medicinal benefits of this plant - high in omega 3.

2 32 3

LETT

ER O

F TR

ANSM

ITTA

L

Board of Governors ........................................................................... 6

Board Chair and President’s Message ................................................. 8

NWC At A Glance ............................................................................ 10

Summary of Programs .................................................................... 12

Basic Education.............................................................................. 16

Skills Training ..................................................................................18

University ....................................................................................... 20

Student Services ............................................................................. 22

Student Achievements ..................................................................... 24

Administration ................................................................................ 28

Human Resources .......................................................................... 29

Glossary of Terms ........................................................................... 30

Staff Directory ................................................................................ 32

Financial Statements ....................................................................... 34TISHANNA, EARLY CHILDHOOD EDUCATION

Marquis Wheat – Farming in the west was floundering in the 1880s before the introduction of this hearty, weather-resistant, and fast growing wheat.Thanks to Marquis, the prairies became the breadbasket of Canada by the 1900s, fueling a local population boom and leading to this province’s founding.

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT4 5

TABL

E OF

CON

TENT

S

Regular Board MeetingsAugust 29, 2016

September 26, 2016November 1, 2016

November 28, 2016January 30, 2017

April 24, 2017June 26, 2017

Board MemberCAREY BAKER

Unity

Board MemberGAETAN COUTURE

Victoire

Annual MeetingJune 26, 2017

Acting ChairKEN HODGSON

Big River

Vice-ChairBYRON MERKOSKY

Edam

Board MemberWAYNE PIKEMeadow Lake

Board MemberANN MCARTHUR

Battleford


BOAR

D OF

GOV

ERNO

RS

On behalf of the Board of Governors and staff of North West College, we are pleased to submit the annual report and audited financial statements for this fiscal year ending June 30, 2017.

As the premier post-secondary institution in northwestern Saskatchewan, North West is proud to offer the breadth of learning opportunities that our communities need. Adult Basic Education, Skills Training, University programs, industry certificates and special interest courses ensure our region has the skilled workforce it needs to meet the challenges of Saskatchewan’s growing economy.

Diversity is integral to North West’s strength. Diversity in our program offerings, diversity in our staff, and diversity in our students. For the past five years, North West has been proud to report that over half of our students self-identify as Indigenous. Situated on Treaty 6 territory and home of the Métis, this place holds powerful history and identity for all who live here, Indigenous and newcomer alike.

The importance of place contributes to our commitment to rural education, in bringing educational opportunities to those we serve in the places that sustain them. As such, this 2016-17 annual report celebrates the accomplishments and highlights the challenges of an institution that honours the space, place and natural gifts that unite us.

We wish to thank all supporters and friends of North West for continuing to work with us over the 2016-2017 year. These partnerships enable our College to positively impact the economic and social landscape of our region, province and country. Thank you,

Board Chair and President’s Message

Tavia Laliberte President & CEO

Ken HodgsonActing Board Chair BRANDEM, HETTT (INSTRUCTOR)


BOAR

D CH

AIR

AND

PRES

IDEN

T’S M

ESSA

GE

Northlands

CarltonTrail

Southeast

Parkland

Cumberland

Great Plains

Lakela.nd

North WestCollege

!H!H

!H

!H

!H

!H !H

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

!(

Meadow Lake

Big River

St. Walburg

Paradise Hill Leoville

Spiritwood

Debden

Turtleford

Canwood

Shellbrook

Blaine Lake Duck Lake

Rosthern

Hague

Waldheim

Hepburn

Cut Knife

Unity

Wilkie

The Battlefords

Radisson

Prince AlbertNational Park

Meadow Lake Provincial Park

Loon Lake

Big Island LakeCN

Ministikwan LakeCN

Flying Dust FN

Waterhen Lake FN

Pelican Lake FN

Maidstone

ThunderchildFN

Witchekan LakeFN

Saulteaux FN

Moosomin FN

Big RiverFN

Mistawasis FN

Muskeg Lake CNLeask

Beardy's and Okemasis CN

Poundmaker CN

Sweetgrass FN

Mosquito FN

Livelong

AhtahkakoopCN

Onion Lake CN

Makwa SahgaiehcanFN

Little Pine FN

Red Pheasant CN

Lucky Man FN

")3

¬«4

¬«4

")55

¬«16

")14

¬«16

¬«40

")28

Shell Lake

Sturgeon Lake FN

Out-of-region Locations: Birch Narrows First Nation Lloydminster

Figure 1. Proportion of students in each program area, based on FLEs. Financial Operations $13 Million

At A Glance

99.34 FTEsFull-Time Equivalent Staff

97% Student Satisfaction Rate

59% Aboriginal Participation Rate

University

Skills Training

Basic Education

56%

6%

38%

Proportion of Students (FLEs)

82% Graduate Employment Rate*

Canola – This hybrid plant was developed at the University of Manitoba during the 1970s and has grown to represent a major cash crop in our region. Fields of vibrant gold in July and August are a symbol of prosperity to all.

Figure 2. 2016-2017 Program Sites Campus locations

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

NW

C AT

A G

LAN

CE

10 11

2611 students

25 communities

including 15 First Nations acted as program sites

219 people employed

$77,500 awarded in scholarships

275 students exposed to work placements

10 Master of Education Graduates

North West By the Numbers

*Among contacted Institute Credit graduates 60-90 days’ post-graduation. Includes those who are employed or pursuing additional education. DAWN, ADULT BASIC EDUCATION

Table 1. Comprehensive Enrollment by Program

North West takes pride in its commitment to excellence, integrity, innovation and investment in the programs it offers and the communities it serves. This adherence to our values continued to be self-evident in 2016-17. The student population grew to over 2600 with a greater number of students taking advantage of our diversified program delivery initiative, enrolling in part-time, evening, weekend and off-site skills programs. Committed to fueling the labour market needs of the region, North West offers programs and services to support students in their individualized education goals. As a result of our reputation for excellence in program delivery and student success, North West continues to build productive partnerships with Saskatchewan Polytechnic, the University of Saskatchewan, the University of Regina and other brokering agencies. These collaborations along with the personal investments of our exceptional instructors and staff, ensure our students receive the highest quality of education while reaping all the benefits of remaining close to home.

Summary of Programs Summary of Enrollment of 2016-2017In 2016-2017 NWC served 2611 students or 854 full-load equivalents (FLEs) in University, Skills Training and Adult Basic Education programming. Table 1 presents a summary of enrollment with a comparison to 2015-2016.

103 UniversityStudents Registered

Graduated 74 Studentsfrom Adult 12

Figure 3. Enrollment by individual registration including full-time, part-time & casual students.

Sage – Sage is a sacred plant with many uses among both Indigenous and newcomers in our region. Used in cleansing smudges and a key ingredient in Thanksgiving and harvest celebrations, sage is a plant that brings people together for healing and fellowship.


SUMM

ARY O

F PRO

GRAM

S

FT= Full-time student, PT= Part-time student, Cas= Casual student, FLE= Full Load Equivalent student

ABENon-Credit

337

ABECredit

500

Non-CreditSkills Training

136

IndustryCredit1004

InstituteCredit

400

University103

EAL131

Program Groups Enrollments2015-16 2016-17

FT PT C FLEs FT PT C FLEsSkillsTraining

Institute Credit 247 149 16 308 233 163 4 293.1Industry Credit 0 49 523 13 0 230 774 29.1Non-credit 0 50 106 6 0 46 90 5.2 Total Skills Training 247 248 645 327 233 439 868 327.5

Basic Education

BE Credit Adult 12 198 72 0 214 185 84 0 193.4 Adult 10 155 63 0 152 158 73 0 145.4 Academic GED 4 11 0 4 0 0 0 0 Total BE Credit 357 146 0 370 343 157 0 338.8BE Non-credit Employability/Life Skills 174 151 0 143 140 139 0 114.8 English Language Training 0 165 0 27 0 131 0 22.6 General Academic Studies 0 0 0 0 0 3 0 0.2 Literacy 8 29 0 6 4 51 0 3.4 Total BE Non-credit 182 345 0 176 144 324 0 141.0 Total Basic Education 539 491 0 546 487 481 0 479.8

University 49 46 0 56 40 63 0 47.0Total Enrollment 835 785 645 929 760 983 868 854.2

In 2016-2017 North West continued to stretch resources to serve its numerous rural communities. The College’s catchment area includes 1/3 of the province’s registered First Nations and as such, Indigenous education and rural outreach remain an intrinsic component to the work undertaken at the College. This past year, North West offered programs in 25 different communities including 15 First Nations.

One such program was a partnership with Little Pine First Nation (LPFN) and the National Indian Brotherhood Trust to deliver a Youth Care Worker certificate program in community. LPFN chose this program to not only educate and to prepare local people to support their youth to lead healthy productive lives but to also promote healing and reconciliation. The program proved hugely successful with 88% of students completing the program.

North West understands that student success is exponentially increased by proximity to family, community and cultural supports. By cultivating life-long learners, North West ensures northwest Saskatchewan benefits from the entrepreneurs, journeypersons, and skilled employees needed to meet the challenges of today’s global economy.

Committed to Rural Education

DONOVAN, ADULT BASIC EDUCATIONAT BEARDY’S & OKEMASIS CREE NATION

37% of Students Study Off-Campus

33 Programs Offered Off-Campus

TOM (INSTRUCTOR) AND HIS LEVEL 2 CLASS AT MUSKEG LAKE CREE NATION

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT14

SUMM

ARY O

F PRO

GRAM

S

15

The College received support from the Ministry of the Economy to offer one Essential Skills for the Workplace Program (ESWP) in partnership with the Meadow Lake Chamber of Commerce. The goal of this project was to support students in developing their retail and customer service skills with particular focus on the food and beverage industry. Meadow Lake Tribal Council also supported this project through student recruitment.

English as an Additional Language In 2016-17 North West’s EAL program continued to thrive. North West served 131 students in the communities of North Battleford, Meadow Lake and Rosthern. Locations were selected based on identified need and community interest. EAL courses continue to be offered both during the day and in the evening to accommodate the full-time work schedule of many students.

Adult Basic EducationLevel 3-4A major provider of Adult Basic Education in the province, North West understands that a strong ABE program is the foundation for further learning, career attachment and long-term personal success for our students. In 2016-17, North West offered 47 unique Adult Basic Education programs at 21 distinct locations across the region. This year, 500 students enrolled in Level 2, Level 3 (Adult 10) and Level 4 (Adult 12) programs.

2016-17 marked the second successful year for the Battlefords Campus, Level 3 Work Integrated Learning (WIL) program. Students in this program are guided through the step-by-step process of starting a small business while fulfilling the Level 3 curricular outcomes. For two years the College has enjoyed the delicious items that result from this program at the coffee kiosk, but new to the business in 2016-17 was a hydroponics tower to supply fresh vegetables for snack bags. Above and beyond the obvious practical benefits to embedding these job-ready skills, the WIL program format has increased student attendance, retention, and success by 10-15% respectively. Given these results, North West is exploring this programming format.

North West continues its commitment to inclusive learning. The College is proud to report that 89% of ABE Credit students self-identify as Indigenous and 7% declare a disability. North West graduated 74 students who received Level 4 (Adult 12) standing from the Ministry of Education. Over the last five years, North West has graduated over 400 students with Level 4 (Adult 12).

Literacy Programs and Essential SkillsAdditional revenue is critical to the continuation of the College’s foundational work in essential skills and literacy programming. A significant portion of program dollars are procured through grant applications and external funding programs. Big River First Nation, Big Island First Nation, Meadow Lake Campus and Battlefords Campus all hosted literacy programs this past year. An additional grant was garnered through the Saskatchewan Community Literacy Fund to promote reading within the family and provide training regarding food security for community members near North West’s northern campus in Meadow Lake. The Brain Food Initiative was open to community members and their families with evening sessions discussing healthy, affordable nutrition options and family activities to encourage literacy, numeracy and problem solving.


SUMM

ARY O

F PRO

GRAM

S

SHAYLON, LESLEY (INSTRUCTOR) AND KENESHIA, LEVEL 3 WIL PROGRAM.

Skills TrainingAs part of the 2015-18 Strategic Plan, North West has made a commitment to program diversification to ensure students across our region can train for the careers they want close to home. In 2016-17, this resulted in seven Continuing Care Assistant programs in locations such as Spiritwood, Big River and Debden, Food Service Cook programs at Makwa Sahgaiehcan First Nation and Big River First Nation, and evening and weekend programs like the Primary Care Paramedic program in the Battlefords. These programs fit the lives of our students and their communities. North West’s responsive program planning translates into programs that are offered when they are needed, where there is a market demand for those services, and with the perspective students needed to make the program a success. As a small College, North West can adapt quickly to meet the immediate program needs of Saskatchewan’s northwest.

Institute Credit programs offered included:Business Business, Office EducationTrades Electrician, Food Service Cook, Heavy Equipment Technician, Heavy Equipment Operator, Plumbing & Pipefitting, Professional Cooking, WeldingHealth Continuing Care Assistant, Practical Nursing, Primary Care ParamedicCommunity Services Early Childhood Education, Security Officer, Youth Care Worker

Industry Credit: We also offered Industry Credit programs which enable participants to gain and retain employment in the industry where such training is required. These include Safety tickets, First Aid/CPR and other industry requirements.

Non-Credit: Non-Credit programming includes community interest classes, computer training, software training, and professional development classes including programs as diverse as Conversational Cree and Nutrition Coordinator training.

North West is dedicated to working with industry to ensure our students are receiving the specific training needed for direct entry into the workforce. In 2016-17, North West continued its partnership with RobWel Ltd. in Meadow Lake to offer the Plumbing & Pipefitting program at their Meadow Lake worksite. This partnership offers practical training and career bridging for students beginning a career in this sought-after trade.

Industry Partnerships

Committed to serving the region, North West partners with the North West Career Development Partnership to offer an annual Try-A-Trade event. An interactive showcase featuring 49 local businesses and trades. Students from 44 schools across the region attend to learn more about potential training and career options. In the fall of 2016, over 1400 people attended this public educational event drawing participants from our region and beyond.

North West is invested in ensuring students successfully transition to the workforce post-graduation. Through experiential workplace exposure and a suite of job readiness services, North West College graduates are ready to hit the job market. These value-added services help explain why 84% of our Institute Credit and ABE grads are employed or pursing additional education 60-90 days after graduation.

Community Engagement

Employment Success

92% Institute Credit Seats Filled

1004 Industry Credit Students


SUMM

ARY O

F PRO

GRAM

S

TRY-A-TRADE 2016

University North West offers a variety of university courses through both the University of Saskatchewan and the University of Regina. These courses boast small class sizes and high student-to-teacher ratios. University students at North West also benefit from value-added services such as lunch & learn sessions, study skills seminars and tutoring services.

This individual attention along with the personal and financial benefits of studying at home are major factors in our high completion rate and our increased university enrollment in university programs during 2016-17.

Starting a university program at North West is the first step to obtaining a valuable degree and transitioning to a professional field.

Bachelor and Master of Education ProgramsIn 2016-2017, North West’s university education programs continued to produce and support exceptional teacher training in the northwest. Partnering with the University of Regina - Faculty of Education, North West produced its third cohort of Master of Education graduates in July, 2016, boasting a 92% completion rate and ten graduates. A third cohort of Bachelor of Education students entered their third year of training at our Meadow Lake Campus.

TARA, MELVIN, RHONDA AND JAELA, MASTER OF EDUCATION GRADUATES

27 Face-to-Face University Courses Offered

597 University Course Enrollments

Low Student to Teacher Ratio –15 to 1 in 1st Year Face-to-Face Classes

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT20

SUMM

ARY O

F PRO

GRAM

S

21

Tremendous student services play a significant role in North West’s institutional success. Strategic key performance indicators such as student retention and graduation rates are heavily influenced by the College’s dedicated student services staff and the supports they provide. Prospective students are guided through a comprehensive intake process by highly trained staff. This one-on-one attention allows for the early identification and mitigation of barriers to academic success. Continuous follow-ups, job coaching and career supports ensure students know that North West is invested in their personal and professional success.

New in 2016-2017, North West introduced the ‘Community Builders’ leadership initiative to foster leadership skill development. In May 2017, under the purview of this strategic initiative, North West held a student conference entitled, “Start Here, Go Anywhere!” with a central theme of Truth and Reconciliation. Presentations by Elder Gladys Greyeyes, a KAIROS blanket exercise, and a keynote address by Don Burnstick were emblematic of this powerful event. Through the Community Builders initiative, students develop leadership and critical thinking skills that will support their professional development as they successfully transition to careers.

Intake and Assessment are critical to ensuring students have the supports they need in place even before they begin their coursework. A comprehensive intake and assessment process has been developed to identify and reduce potential barriers to success, assess special academic needs, and ensure appropriate workplace exposure before graduation. This process isn’t merely a checklist or survey but a series of in-depth conversations with each student. Our highly trained student services associates invest in our students, ensuring that each feel supported, welcomed, and known.

Student Services

NADINE (ABE), JENNIFER (STUDENT SERVICE ASSOCIATE) TAMARA (ABE)

Saskatoon Berries – A symbol of central Saskatchewan, Saskatoons grow wild in North West’s region. From pies to traditional pemmican, these berries are always welcome at the table.

• Daycare spots allotted to the Battlefords, Meadow Lake and Duck Lake sites.• Student Residence contains 40 suites and 96 bedrooms to support students

and their families at the Meadow Lake Campus• A comprehensive scholarship program in partnership with our community

sponsors and the provincial government amount to $77,500.

North West Provides:

78% Retention Rate for Full Time Students

STUD

ENT

SERV

ICES


Table 2. Student Success by Program Groups

The North West student success rate continued to grow year-over year with an overall increase of 4% in 2016-2017. Skills Training showed the most substantial increase with 89% of students completing or graduating. Student success is a paramount objective for all members of the North West community. Our instructors, administrators, support staff all want to see our students thrive and succeed. This commitment is evident in the student success rates achieved this past year. It is also a major factor in our student satisfaction rate of 97%. In 2016-17, 82% of Institute Credit and Adult Basic Education graduates were either working or pursuing further education within three months of graduation.

Student Achievement

ALICIA, CONTINUING CARE ASSISTANT

Program Groups 2016-17Enrolled Completed Graduated Completed or

GraduatedFT PT Cas FT PT Cas FT PT Cas FT & PT

SkillsTraining

Institute Credit 233 163 4 25 61 3 147 77 0 78Industry Credit 0 230 774 0 34 14 0 211 762 100Non-credit 0 46 90 0 46 90 0 0 0 100 Total Skills Training 233 439 868 25 141 107 147 288 762 89

Basic Education

BE Credit Adult 12 185 84 0 92 26 0 71 3 0 71 Adult 10 158 73 0 59 8 0 62 2 0 57 Academic GED 0 0 0 0 0 0 0 0 0 100 Total BE Credit 343 157 0 151 34 0 133 5 0 65BE Non-credit Employability/Life Skills 140 139 0 118 38 0 0 0 0 56 English Language Training 0 131 0 0 81 0 0 0 0 62 General Academic Studies 0 3 0 0 3 0 0 0 0 100 Literacy 4 51 0 3 35 0 0 0 0 69 Total BE Non-credit 144 324 0 121 157 0 0 0 0 59 Total Basic Education 487 481 0 272 191 0 133 5 0 62

University 40 63 0 16 54 0 0 10 0 78Total Enrollment 760 983 868 313 386 107 280 303 762 74

FT = Full-Time Student, PT = Part-Time Student, Cas = Casual Student, FLE = Full Load Equivalent Student


STUD

ENT A

CHIEV

EMEN

T

Table 3. Enrollment Statistics Including Completers and Graduates for Equity Groups

2012 marked the tipping point wherein the College served more Indigenous learners than non-Indigenous. This proportion has continued to grow sitting at 59% in 2016-2017. This remains significantly higher than the regional proportional representation which sits at approximately 35%. This tremendous representation of Indigenous learners is due in large part to the close partnerships the College maintains with Indigenous communities within the region. In 2016-2017, North West College guided 65 Indigenous learners to Adult 12 (Level 4) graduation.

Student Achievement

59% Indigenous Participation Rate

ELIZABETH, PROFESSIONAL COOK

2016-17 North West continued its tradition of Indigenous Educational Success:Total College Student Success RateUniversity 78%Institute Credit 78%Adult 12 (Level 4) 71%

Indigenous Student Success RateUniversity 74%Institute Credit 71%Adult 12 (Level 4) 69%

North West Succeeds

Program Groups Aboriginal Visible Minority DisabilityE C G % E C G % E C G %

(#) (#) (#) C+G (#) (#) (#) C+G (#) (#) (#) FLEsSkillsTraining

Institute Credit 475 42 448 100 18 0 18 100 17 3 15 100Industry Credit 224 32 126 71 21 6 14 95 17 4 8 71Non-credit 26 26 0 100 4 4 0 100 2 2 0 100Total Skills Training 725 100 574 93 43 10 32 98 36 9 23 89

Basic Education

Adult 12 227 92 65 69 9 5 3 89 18 15 2 94Adult 10 219 61 59 55 3 0 2 67 17 8 4 71Academic GED 0 0 0 0 0 0 0 0 0 0 0 0Employability/Life Skills 267 147 0 55 5 2 0 40 16 11 0 68English Language Training 0 0 0 0 28 15 0 54 1 0 0 0General Academic Studies 2 2 0 100 0 0 0 0 0 0 0 0Literacy 49 35 0 71 2 2 0 100 5 3 0 60Total Basic Education 764 337 124 60 47 24 5 62 57 37 6 75

University 43 29 3 74 4 2 0 50 5 4 0 80Total Enrollment 1532 466 701 76 94 36 37 78 98 50 29 81


E= total enrollments; C= completers: # of students who completed course requirements or remained to the end of the program; G= graduates: # of students who successfully completed all course requirements resulting in achievement of certification by a recognized credit granting institution or recognized industry.

STUD

ENT A

CHIEV

EMEN

T

IT Investment – Committed to continuous Innovation, as part of the 2015-2018 Strategic Plan, a staff intranet was developed for internal use. With web access from a login on the College website main page, staff from across our region now have access to internal documents, teaching resources and administrative forms online. This internet-based internal communication tool is vital in ensuring North West College’s rural sites feel supported and apprised of the latest organizational developments. Also in 2016-2017, North West continued to make investments in IT, replacing all onsite servers.

Space Constraints – As a provincial leader in Indigenous education with a regional population that continues to outstep the provincial growth average, North West continues to struggle with space constraints throughout the region. The most acute need can be felt in the Battlefords, where nearly 100 Institute Credit students annually receive training in leased spaces spread throughout the city. Unfortunately, these students do not benefit from having ready access to campus services and supports. A business plan has been developed to alleviate this strain on campus space by building a stand-alone campus to meet the growing need for skills training in Saskatchewan’s northwest.

Risk Management – Managing risk involves an investment in training and a commitment to innovation to create a culture of healthy risk awareness. As part of North West’s ongoing 2015-2018 Strategic Plan, the Enterprise Risk Management Plan framework was developed in 2016-2017, with full implementation scheduled for 2017-2018.

Revenue Expenses

Strategic Values in Practice

Equipment2%Amortization

7%

Facilities8%

Agency9%

Operating15%

Salaries &Bene�ts 58%

IT1%

Other7%

Contracts8%

Tuition13%

ProvincialFunding

70%

FederalFunding 2% Human Resources

At North West, our greatest resource is our people, and as such, staff recruitment and retention remain a strategic priority. North West College conducted its second annual Employee Engagement survey in April, 2017 to measure employee satisfaction. The College received an overall satisfaction rate of 87.3%. Committed to continued innovation is staff satisfaction initiatives, the College continues to invest in people to warrant positive staff recruitment and retention. During the 2016-2017 fiscal year, the College employed:FTE In-scope: 84.17FTE Out-of-Scope Management: 10.00FTE Out-of-Scope (including casual): 5.42 Total FTE: 99.58

SUSAN, CCA (INSTRUCTOR)

Western Red Lily – The Western Red Lily is the official flower of Saskatchewan. The image of this protected species stretches over the green forest and gold fields on our provincial flag, straddling both these ecosystems much like the territory of North West College which includes both forest and field.


ADM

INIS

TRAT

ION

KELLY, EDUCATION RESOURCE CONSULTANT

Full-Time Student: Is defined as one who is taking courses that collectively require a minimum of 18 hours of scheduled class time per week for a minimum period of 12 weeks. There are two exceptions to this definition:a) For Apprenticeship and Trade: a complete level (the length depends on the trade) is required;b) For university courses: a minimum of 216 hours of scheduled class time per academic year.

Part-Time Student: Is defined as (a) one who is taking courses of less than 12 weeks duration, even if they collectively require more than 18 hours of scheduled class time per week; or (b) one whois taking courses that are at least 12 weeks in duration but collectively require less than 18hours of scheduled class time per week.

Casual Student: Is defined as one who is taking courses within a program group that collectively totals less than 30 hours of scheduled class time.

Full-Load Equivalent: Is defined as the total participant hours divided by the accepted full-load equivalent factor for a program group.

Institute Credit: Programs brokered from Saskatchewan Polytechnic or other training program suppliers.

Industry Credit: Short-term safety training or training to meet specific industry needs.

Glossary of Terms


North West College StaffAcademic Anderson, Brandem .............................................Instructor, HETTT (ML)Arcand, Shirley ................................ Instructor, Office Administration (NB)Auchstaetter, Karen .................................................Instructor, ABE (NB)Baxter, Mary Anne ................................................... Instructor, EAL (NB)Bedi, Dona .................................................. Instructor, CCA (Spiritwood)Berezowsky, Mary ......... Instructor, Post Secondary Communications (ML)Boyko, Michael .................................Instructor, ABE (Big Island Lake FN)Brace, Darlene ................ Instructor Aide, Special Needs Tutor (Duck Lake)Brace, Bill ................................................. Instructor, ABE (Beardy’s FN)Brown, Kim ............................................................Instructor, ABE (ML)Brucks, Susan ....................................................... Instructor, CCA (ML)Budd, Dale .....................................Instructor, Professional Cooking (ML)Bullerwell, Trudy ................ Instructor, Aide, Facilitator (Various Locations)Burry, Lisa .............................................................Instructor, ABE (ML)Campbell, Tara ..................... Instructor, Part-Time, Practical Nursing (NB)Charabin, Douglas .............................................. Instructor, ABE (Leask)Chipak, John ............................................Instructor, Part-Time ABE (NB)Clarke, Brent ........................................................... Instructor, EAL (NB)Claxton, Thomas ................................................. Instructor, ABE (Leask)Coldwell, Wade.......................................................Instructor, ABE (NB)Crighton, Alan .... Instructor, Food Services Cook (Makwa Sahgaiehcan FN)Dancy, Nancy ...........................Instructor, ABE (Makwa Sahgaiehcan FN)Day, Charles............................................. Instructor, ABE (Mosquito FN)Dijeh, Jennifer ....................................... Instructor, ABE (Mistawasis FN)Embree, Ron ................................ Instructor, Plumbing & Pipefitting (ML)Endale, Negussie E. ............. Instructor, Youth Care Worker (Little Pine FN)Felix, Sandra ....................................... Instructor, ABE (Pelican Lake FN)Gagnon, Carmen ....................................................Instructor, ABE (ML)Gerber-Pauls, Patricia ...................................... Instructor, EAL (Rosthern)Grant-Iverson, Donna ..............................................Instructor, CCA (NB)Hasselberg, Leah ....................................................Instructor, CCA (NB)Hawkey, Candice ....................................................Instructor, ABE (NB)Heintz, Murray ........................................................Instructor, ABE (NB)Henderson, Joyce ............................................ Instructor, ABE (Debden)Hiebert, Kenneth .....................................................Instructor, ABE (ML)

Jackow, Deborah ...................................... Instructor, CCA (Big River FN)Johnston, Tressa .....................................................Instructor, ABE (NB)Kauth, Amie .....................................Instructor, Business Certificate (NB)Krismer, Vera ........ Instructor, Post Secondary Communications & HR (NB)Krushelniski, Verna ............................................Instructor, ABE (Leoville)Leach, Paula .......................................................... Instructor, EAL (NB)Leask, Glen .............................................. Instructor, ABE (Mosquito FN)Maier, Lea-Ann .......................................................Instructor, ABE (NB)Martens, Allwyn ............................ Instructor, Part-Time, CCA (Maidstone)Martin, Nancie ........................................................Instructor, ABE (NB)Mattock, Elaine .............................................. Instructor Aide, Tutor (ML)Maurer, John ................................................. Instructor, Electrician (NB)McAmmond, Kim ........................................... Instructor, Electrician (ML)McWatters, Patricia .............................. Instructor, Practical Nursing (NB)Metrunec, Anne ................................ Instructor, ABE (Witchekan Lake FN)Monette, Carolyn ................................ Instructor, Youth Care Worker (NB)Morin, Richard ........................................................Instructor, ABE (ML)Nickel, Kelly .....................................Education Resource Consultant (NB)Nordin, Denise ................................................. Instructor, ABE (Debden)Norgaard, Jennie ......................................... Instructor, ABE (Duck Lake)Poffenroth, Aileen ............................................Instructor Aide, Tutor (NB)Pollard, Christine ..................................................... Instructor, EAL (NB)Robinson, Brett .......................................................Instructor, ABE (NB)Roche, Wendy ................................................Instructor, Hairstylist (NB)Russell, Robert ................................................. Instructor, Welding (ML)Sanderson, Arlene ........................................ Instructor, ABE (Duck Lake)Sirois Bonneau, Denise .......... Instructor, Food Service Cook (Big River FN)Slater, Laura ........................................................... Instructor, EAL (NB)Smith, Charles ................................... Instructor, ABE (Various Locations)Smith, Donald .............................. Instructor, Plumbing & Pipefitting (NB)Stobbe, Cheryl ........................................................Instructor, ABE (ML)Strelezki, Sandra ............................. Instructor, Office Administration (ML)Wasyliw, Audrey ..................... Instructor, Early Childhood Education (NB)Weiman, Lesley ......................................................Instructor, ABE (NB)Wood, Barton ......................................... Instructor, Security Officer (NB)Wood, Grant .....................................................Instructor, ABE (Leoville)

Student ServicesAlger, Dawn ................................................................ Job Coach (ML)Fox, Krista .............................................Student Services Associate (NB)Gattinger, Loralee ............................................................ Registrar (NB)Gibson, Mary-Ann ..................................Student Services Associate (NB)Gunderson, Mark ...................................Student Services Associate (ML)Kwong, Gregory .................................... Student Recruitment Officer (NB)Laliberte, Angel ......................................Student Services Associate (ML)Piche, Jessica .......................................Student Services Associate (ML)Sarvas, Jackie ............................................................. Job Coach (NB)Whyte, Jennifer ......................................Student Services Associate (NB)

AdministrationBast, Anna ....................................................... Program Secretary (NB)Bell, Patricia ..............................................Student Residence Clerk (ML)Brown-Kopera, Kim ......................................... Administration Clerk (NB)Desai, Kosha .......................................................Accounting Clerk (NB)Fegan, Nahla .......................................................Accounting Clerk (NB)Hildebrand, Holly ........................................ Evening Program Clerk (NB)King, Donna ................................................Administrative Support (ML)Laliberte, Lynora .........................................Administrative Support (ML)Lepage, Wendy .. Administrative Support - Administration & Bookstore (ML)Poock, Lois .................................... Reception / Career Center Clerk (NB)Rose, Dawn ................................... Reception / Career Center Clerk (NB)Shryko, Sherri ............................................. Evening Program Clerk (ML)Sych, Nadine .................................. Reception / Career Center Clerk (NB)Tatton, Michelle ............................... Reception / Career Center Clerk (NB)Walker, Jeanna ............................Programs Administrative Assistant (NB)Weber, Crimpson ......................Program Secretary, Basic Education (NB)Weber, Wanda .....................................................Accounting Clerk (NB)

Program CoordinatorsConrad, Tracey ...................................... Post-Secondary Programs (ML)Gartner, Lindsey .................................................. Student Services (NB)Huskins, Amanda..........................................Adult Basic Education (ML)Miller, Shelley ...................................................... Student Services (NB)Nachbaur, Miles ...Business, Industry, Community & Student Housing (ML)Robinson, Marney ..........Business, Industry, Community & University (NB)Rooke, Jennifer .............................................Adult Basic Education (NB)Rose-Kadler, Hilda ............................................... Student Services (ML)Zanyk, Bryon ..................................... Technical & Trades Programs (NB)

Corporate ServicesIbrahim, Hassan ....................... Assessment & Accountability CoordinatorRowswell, Kendra .............................Marketing & Communicatins OfficerTatchell, Joanne .... Office Clerk-Secretary, President’s Office & Marketing (NB)

FacilitiesAulinger, James ............................................................ Custodian (NB)Bajalovic, Davorin ...................................... Maintenance Custodian (NB)Mutch, Owen ...................................................Residence Operator (ML)

Information TechnologyLanson, Darrell ........................... Information Technology Technician (ML)Vany, Jason ........................... Inoformation Technology Coordinator (NB)

ManagementBeaudry, Marlene ............................................. Executive Secretary (NB)Brown, Dr. Willow ........................................ Director, North Region (ML)Coulson, Patricia .................................. Human Resources Manager (NB)Laliberte, Tavia ............................ President & Chief Executive Officer (NB)Lamb Drover, Dr. Victoria ......................Corporate Services Manager (NB)Piller, Jordan ..................................................... Facilities Manager (NB)Roberts, Melanie ............................................ Director of Programs (NB)Schulkowsky, Marla ....................................................... Controller (NB)Studney, Tanis ..........................Director of Finance & Administration (NB)Taylor, Sharon ..................................... Human Resources Associate (NB)

LEGEND ABE - Adult Basic EducationEAL - English as an Additional LanguageESWP - Essential Skills for the Workplace

CCA - Continuing Care AssistantFN - First NationML - Meadow LakeNB - North Battleford


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTSMANAGEMENT REPORT

North West College Report of Management

The North West College’s management is responsible for the preparation of the financial statements in accordance with Canadian public sector accounting standards for government not-for-profit organizations and in accordance with guidelines developed by the Minister of Advanced Education and Minister of the Economy. The preparation of financial statements necessarily involves the use of estimates based on management’s judgment, particularly when transactions affecting the current accounting period cannot be finalized with certainty until future periods.

The College’s management maintains a system of accounting and administrative controls to ensure that accurate and reliable financial statements are prepared and to provide reasonable assurance that transactions are authorized, assets are safeguarded, and the financial records are properly maintained to provide reliable information for the preparation of financial statements.

The Board of Directors are responsible for reviewing the financial statements and overseeing Management’s performance in financial reporting. The Board of Directors meets with Management and the external auditors to discuss and review financial matters. The College approves the financial statements and the annual report.

The external auditors, Vantage, Chartered Professional Accountants, conduct an independent examination in accordance with Canadian auditing standards and express their opinion on the financial statements. The accompanying Auditor’s Report outlines their responsibilities, the scope of their examination and their opinion on the College’s financial statements. The external auditors have full and free access to, and meet periodically and separately with, both the Board of Directors and management to discuss their audit findings.

Tanis Studney Director of Administration

_________________________________ _________________________________ Tavia Laliberte Chief Executive Officer

September 25, 2017

INDEPENDENT AUDITORS' REPORT

To: The Board of Directors of North West College

We have audited the accompanying financial statements of North West College, which comprise thestatement of financial position as at June 30, 2017, and the statements of operations and accumulatedsurplus, changes in net financial assets, and cash flows for the year then ended, and a summary ofsignificant accounting policies and other explanatory information.

Management's Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements inaccordance with Canadian public sector accounting standards for government not-for-profitorganizations, and for such internal control as management determines is necessary to enable thepreparation of financial statements that are free from material misstatement, whether due to fraud orerror.

Auditors' ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with Canadian generally accepted auditing standards. Thosestandards require that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditors' judgement, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditor considers internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessof the entity's internal control. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.

OpinionIn our opinion, the financial statements present fairly, in all material respects, the financial position ofNorth West College as at June 30, 2017 and the results of its operations, changes in net financial assets,and its cash flows for the year then ended in accordance with Canadian public sector accountingstandards for government not-for-profit organizations.

Chartered Professional AccountantsNorth Battleford, SaskatchewanSeptember 25, 2017

2

Sweetgrass – Native to our region, sweetgrass grows in moist meadows and near sloughs. Sweetgrass is a sacred plant often braided and used for ceremonial smudgings. It is also a powerful blood thinner in tea form.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

3

Statement 1

June 30 June 302017 2016

Financial AssetsCash and cash equivalents (Note 3) 2,142,686$ 2,553,276$Accounts receivable (Note 4) 326,667 234,903Inventories for resale (Note 5) 42,871 27,763Portfolio investments (Note 6) 58,272 55,993

Total Financial Assets 2,570,496 2,871,935

LiabilitiesAccrued salaries and benefits (Note 7) 224,443 209,200Accounts payable and accrued liabilities (Note 8) 209,989 242,392Deferred revenue (Note 9) 97,696 115,431Liability for employee future benefits (Note 10) 216,800 203,800Long-term debt (Note 11) 259,281 377,685

Total Liabilities 1,008,209 1,148,508

Net Financial Assets 1,562,287 1,723,427

Non-Financial AssetsTangible capital assets (Note 12) 8,785,856 9,466,057Prepaid expenses (Note 13) 58,347 60,335

Total Non-Financial Assets 8,844,203 9,526,392

Accumulated Surplus 10,406,490$ 11,249,819$

Accumulated Surplus is comprised of:Accumulated surplus from operations (Note 19) 10,406,490$ 11,249,819$

Total Accumulated Surplus 10,406,490$ 11,249,819$

- - Contingent Liabilities (Note 20)

The accompanying notes and schedules are an integral part of these financial statements

On behalf of the Board:

Chairperson

Vice-Chairperson

North West CollegeStatement of Financial Position

as at June 30, 2017

4

Statement 2

2017 2017 2016Budget Actual Actual

Revenues (Schedule 2)Provincial government

Grants 9,191,431$ 8,930,496$ 8,899,128$Other 213,300 248,486 826,221

Federal governmentGrants 265,000 206,548 264,474Other - - -

Other revenueContracts 848,339 1,121,208 1,001,648Interest 32,000 36,583 31,153Rents 323,438 321,299 329,567Resale items 250,000 320,227 335,487Tuitions 1,676,933 1,659,558 1,656,777Donations 40,000 66,602 43,171Other 177,000 241,112 225,711

Total revenues 13,017,441 13,152,119 13,613,337

Expenses (Schedule 3)General 6,048,876 5,877,560 5,749,450Skills training 3,330,558 3,127,573 2,840,684Basic education 2,573,811 2,671,202 2,801,763Services 1,470,691 1,536,798 1,573,559University 367,836 368,227 335,005Scholarships 70,000 94,624 72,544Student housing 292,696 319,464 313,211

Total expenses 14,154,468 13,995,448 13,686,216

Deficit for the Year from Operations (1,137,027) (843,329) (72,879)

Accumulated Surplus, Beginning of Year 11,249,819 11,249,819 11,322,698

Accumulated Surplus, End of Year 10,112,792$ 10,406,490$ 11,249,819$

-


North West CollegeStatement of Operations and Accumulated Surplus

for the year ended June 30, 2017


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

5

Statement 3

2017 2017 2016Budget Actual Actual

Net Financial Assets, Beginning of Year 1,723,427$ 1,723,427$ 1,062,223$

Deficit for the Year from Operations (1,137,027) (843,329) (72,879)Acquisition of tangible capital assets (250,000) (332,521) (234,132)Amortization of tangible capital assets 1,000,500 1,012,722 993,215Acquisition of prepaid expenses (20,000) (58,347) (60,335)Use of prepaid expenses 20,000 60,335 35,335

(386,527) (161,140) 661,204

Change in Net Financial Assets (386,527) (161,140) 661,204

Net Financial Assets, End of Year 1,336,900$ 1,562,287$ 1,723,427$

1,562,287 1,723,4270

The accompanying notes and schedules are an integral part of these financial statements-

North West CollegeStatement of Changes in Net Financial Assets

as at June 30, 2017

6

Statement 4

2017 2016

Operating ActivitiesDeficit for the year from operations (843,329)$ (72,879)$Non-cash items included in surplus (deficit)

Amortization of tangible capital assets 1,012,722 993,215Changes in non-cash working capital

(Increase) decrease in accounts receivable (91,764) 173,247(Increase) decrease in inventories for resale (15,108) 47,739Increase (decrease) in accrued salaries and benefits 15,243 (1,312)(Decrease) increase in accounts payable and accrued liabilities (32,403) 51,962(Decrease) increase in deferred revenue (17,735) 71,750Increase in liability for employee future benefits 13,000 6,200Decrease (increase) in prepaid expenses 1,988 (25,000)

Cash Provided (Used) by Operating Activities 42,614 1,244,922

Capital ActivitiesCash used to acquire tangible capital assets (332,521) (234,132)Cash Used by Capital Activities (332,521) (234,132)

Investing ActivitiesCash used to acquire portfolio investments (2,279) (931)Cash Used by Investing Activities (2,279) (931)

Financing ActivitiesRepayment of long-term debt (118,404) (114,550)Cash Used by Financing Activities (118,404) (114,550)

Increase (decrease) in Cash and Cash Equivalents (410,590) 895,309

Cash and Cash Equivalents, Beginning of Year 2,553,276 1,657,967

Cash and Cash Equivalents, End of Year 2,142,686$ 2,553,276$

Represented on the Financial Statements as:Cash and cash equivalents 2,142,686$ 2,553,276$Bank indebtedness - -

Cash and Cash Equivalents, End of Year 2,142,686$ 2,553,276$

(0)


North West CollegeStatement of Cash Flows



FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

North West CollegeNotes to the Financial Statementsfor the year ended June 30, 2017

7

1. PURPOSE AND AUTHORITY

North West College offers educational services and programs under the authority of Section 14 of The Regional Colleges Act. The mission of North West College is to provide adult learning opportunities and to promote life-long learning as a means of enhancing the cultural, economic and social life of the individuals and communities it serves.

The Board of the North West College is responsible for administering andmanaging the educational affairs of the College in accordance with the intent of the Regional Colleges Act and its regulations.

2. SIGNIFICANT ACCOUNTING POLICIES

As a government not-for-profit organization, the College prepared these financial statements in accordance with Canadian public sector accounting standards for government reporting entities. The accounting standards followed for government not-for-profit organizations is the Canadian Chartered Professional Accountants (CPA Canada) Public Sector Accounting (PSA) Handbook.

(a) College Reporting Entity

The consolidated financial statements include all of the assets, liabilities, revenues and expenses of the College reporting entity

(b) Measurement Uncertainty and the Use of Estimates

The preparation of financial statements in conformity with PSA standards requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the year. Uncertainty in the determination of the amount at which an item is recognized or disclosed in financial statements is known as measurement uncertainty. Such uncertainty exists when there is a variance between the recognized or disclosed amount and another reasonably possible amount.


8

2. SIGNIFICANT ACCOUNTING POLICIES (continued)

(b) Measurement Uncertainty and the Use of Estimates (continued)

Measurement uncertainty that may be material to these financial statements exists for:

• the liability for employee future benefits of $ 216,800 (June 30, 2016 -$203,800) because actual experience may differ significantly from actuarial or historical estimations and assumptions;

• useful lives of tangible capital assets and related amortization.

These estimates and assumptions are reviewed periodically and, as adjustments become necessary, they are reported in earnings in the periods in which they become known. While best estimates are used for reporting items subject to measurement uncertainty, it is reasonably possible that changes in future conditions, occurring within one fiscal year, could require material changes in the amounts recognized or disclosed.

(c) Financial Instruments

Financial instruments create rights and obligations to receive or deliver economic benefits. Financial instruments include cash and cash equivalents, accounts receivable, portfolio investments, accrued salaries and benefits, accounts payable and accrued liabilities and long term debt.

Financial instruments are assigned to one of two measurement categories: fair value, or cost or amortized cost.

i. Fair ValueFair value measurement applies to portfolio investments in equity instruments that are quoted in an active market. Unrealized changes in fair value are recognized in the statement of remeasurement gains and losses until they are realized, at which time they are transferred to the statement of operations.

Fair value is determined by:Level 1 quoted prices (unadjusted) in active markets for identical

assets or liabilitiesLevel 2 inputs other than quoted prices that are observable for the

asset or liability either directly, (i.e. as prices) or indirectly (i.e. derived from prices); and


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


9


(c) Financial Instruments (continued)

i. Fair Value (continued)Level 3 inputs for the asset or liability that are not based on observable market data (unobservable inputs)

When a decline in fair value is determined to be other than temporary, the amount of the loss is removed from any accumulated remeasurement gains and reported in the statement of operations.

ii. Cost or Amortized CostAll other financial assets and financial liabilities are measured at cost or amortized cost. Transaction costs are a component of cost for financial instruments measured using cost or amortized cost. For financial instruments measured using amortized cost, the effective interest rate method is used to determine interest revenue or expense. Impairment losses such as write-downs or write-offs are reported in the statement of operations.

(d) Foreign currency translation

Foreign currency transactions are translated at the exchange rate prevailing at the date of the transaction. Monetary assets and liabilities, and non-monetary items included in the fair value measurement category denominated in foreign currencies, are translated into Canadian dollars at the exchange rate prevailing at the financial statement date. Unrealized foreign exchange gains and losses are recognized in the statement of remeasurement gains and losses until they are realized, at which time they are transferred to the statement of operations.

(e) Financial Assets

Financial assets are assets that could be used to discharge existing liabilities or finance future operations and are not for consumption in the normal course of operations. Valuation allowances are used where considered necessary to reduce the amounts reported for financial assets to their net realizable value.

Cash and Cash Equivalents consist of cash, bank deposits and highly liquid investments with initial maturity terms of three months or less and are held for the purpose of meeting short-term operating cash commitments rather than for investing purposes.


10


(e) Financial Assets (continued)

Accounts Receivable is shown net of allowance for doubtful accounts to reflect the expected net recoverable value. Valuation allowances are recorded where recovery is considered uncertain. Changes in valuation allowances are recorded in the statement of operations.

Inventories for Resale consist of books and promotional items which are held for sale in the ordinary course of operations and are valued at the lower of cost and net realizable value. Cost is determined by using the first in, first out method. Net realizable value is the estimated selling price in the ordinary course of business.

Portfolio Investments consist of a scholarship guaranteed investment certificate with Sunlife and equity with Innovation Credit Union. Equity investments quoted in an active market are reported at fair value and any associated transaction costs are expensed upon initial recognition. Gains andlosses on portfolio investments measured at fair value are recorded in accumulated surplus as remeasurement gains and losses until realized. Upon disposition of the investments, the cumulative re-measurement gains and losses are reclassified to the statement of operations. All other portfolio investments are reported at cost or amortized cost, which includes the associated transaction cost upon initial recognition, less any write-downs for a loss in value that is other than a temporary decline. Gains and losses on financial instruments measured at cost or amortized cost are recognized in the statement of operations in the period the gain or loss occurs.

(f) Liabilities

Liabilities are present obligations arising from transactions and events occurring prior to year-end, which will be satisfied in the future through the use of assets or another form of economic settlement.

Accrued Salaries and Benefits represents salaries and benefits owing to or on behalf of work performed by employees, but not yet paid, at the end of the fiscal period. Amounts are payable within one year.

Accounts Payable and Accrued Liabilities include accounts payable and accrued liabilities owing to third parties for goods supplied and services rendered, but not yet paid, at the end of the fiscal period. Amounts are payable within one year.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


11


(f) Liabilities (continued)

Deferred revenue from government transfers represents restricted grants with stipulations that give rise to a liability for which the stipulations have not yet been fulfilled. The revenue is recognized as the stipulation liabilities are settled. Deferred revenue from non-government sources represents revenue related to fees or services received in advance of the fee being earned or the services being performed, and other contributions for which the contributor has placed restrictions on the use of the resources. Tuition and fee revenue is recognized as the course is delivered, revenue from contractual services is recognized as the services are delivered, and revenue from other contributions is recognized in the fiscal year in which the resources are used for the purpose specified.

Liability for Employee Future Benefits represents accumulating non-vesting sick leave benefits that accrue to the College's employees. The cost of these benefits is recorded as the benefits are earned by employees. The liability relating to these benefits is actuarially determined using the projected benefit method pro-rated on service and management’s best estimate of expected sick leave usage, discount rate, inflation, salary escalation, termination and retirement rates and mortality. Actuarial gains and losses are amortized on a straight line basis over the expected average remaining service life of the related employee groups. Actuarial valuations are performed periodically. Extrapolations of these valuations are made when a valuation is not done in the current fiscal year.

Long-Term Debt is comprised of capital loans and other long-term debt with initial maturities of more than one year.

(g) Non-Financial Assets

Non-financial assets are assets held for consumption in the provision of services. These assets do not normally provide resources to discharge the liabilities of the College unless they are sold.


12


(g) Non-Financial Assets (continued)

Tangible Capital Assets have useful lives extending beyond the accounting period, are used by the College to provide services to the public and are not intended for sale in the ordinary course of operations. Tangible capital assets are recorded at cost and include all costs directly attributable to the acquisition, design, construction, development, installation and betterment of the tangible capital asset. The College does not capitalize interest incurred while a tangible capital asset is under construction. Contributed tangible capital assets are recorded at their fair value at the date of receipt.

The cost of depreciable tangible capital assets, net of any residual value, is amortized on a straight line basis over their estimated useful lives as follows:

BuildingsFurniture and equipment Computer hardwareComputer softwareVehiclesSystem DevelopmentLand Improvements

20 to 50 years3 to 10 years3 years5 years5 years10 years5 years

Tangible capital assets are written down when conditions indicate that they no longer contribute to College’s ability to provide goods and services, or when the value of future economic benefits associated with the tangible capital assets are less than their net book value. Write-downs are accounted for as expenses in the statement of operations.

Assets that have a historical or cultural significance, such as works of art and other cultural artifacts, are not recognized as tangible capital assets because areasonable estimate of future benefits associated with these properties cannot be made.

Prepaid Expenses are prepaid amounts for goods or services, insurance premiums, membership fees, Workers’ Compensation premiums and software licenses which will provide economic benefits in one or more future periods.The prepaid amount is recognized as an expense in the year the goods or services are consumed.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


13


(h) Employee Pension Plans

Employees of the College participate in the following pension plans:

Multi-Employer Defined Benefit PlansThe College’s employees participate in one of the following multi-employer defined benefit plans:

i) Teachers and other employees holding a teaching certificate participate in either the retirement plan of the Saskatchewan Teachers’ Retirement Plan (STRP) or Saskatchewan Teachers’ Superannuation Plan (STSP). The College’s obligation for these plans is limited to collecting and remitting contributions of the employees at rates determined by the plans.

ii) Other employees participate in the Municipal Employees’ Pension Plan (MEPP). In accordance with PSA standards, the plan is accounted for as a defined contribution plan whereby the College’s contributions are expensed when due.

(i) Revenue Recognition

Revenues are recorded on the accrual basis. Revenues are recognized in the period in which the transactions or events occurred that gave rise to the revenues, provided the amount to be received can be reasonably estimated and collection is reasonably assured.

The College’s major sources of revenue include the following:

i) Government Transfers (Grants)Grants from governments are considered to be government transfers. Government transfers are recognized as revenues when the transfer is authorized, all eligibility criteria have been met, the amount can be estimated and collection is reasonably assured except when, and to the extent that, stipulations by the transferor give rise to an obligation that meets the definition of a liability. Eligibility criteria are criteria that the College has to meet in order to receive the transfer. Stipulations describe how the College must use the transfer or the actions it must perform in order to keep the transfer.

Government transfers with eligibility criteria but without stipulationsare recognized as revenue when the transfer is authorized and all eligibility criteria have been met.


14


(i) Revenue Recognition (continued)

i) Government Transfers (Grants) (continued)Government transfers with or without eligibility criteria but with stipulations are recognized as revenue in the period the transfer is authorized and all eligibility criteria have been met, except when and to the extent that the stipulations give rise to a liability. Restricted transfers are recognized as deferred revenue when transfer stipulations give rise to a liability. Stipulations by the transferor may require that the funds only be used for providing specific services or the acquisition of tangible capital assets. For transfers with stipulations, revenue is recognized in the statement of operations as the stipulation liabilities are settled.

ii) Fees and ServicesRevenues from tuition fees and other services are recognized in the year they are earned. Amounts that are restricted pursuant to legislation, regulation or agreements with external parties that may only be used in the conduct of certain programs or in the delivery of specific services and transactions are initially recorded as deferred revenue and subsequently recognized as revenue in the fiscal year the related expenses are incurred or services are performed.

iii) Interest IncomeInterest is recognized on an accrual basis when it is earned.

iv) Other (Non-Government Transfer) Contributions Unrestricted contributions are recognized as revenue in the year received or in the year the funds are committed to the College if the amount can be reasonably estimated and collection is reasonably assured. Externally restricted contributions are contributions for which the contributor has placed restrictions on the use of the resources. Externally restricted contributions that are to be held in perpetuity are recognized as revenue in the year in which they are received or committed if the amount can be reasonably estimated and collection is reasonably assured. Externally restricted contributions that are not held in perpetuity are deferred until the resources are used for the purpose specified, at which time the contributions are recognized as revenue. In-kind contributions are recorded at their fair value when they are received.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


15


(j) Expenses

Expenses are reported on an accrual basis. The cost of all goods consumed and services received during the year are expensed.

(k) Contingent liabilities

Contingent liabilities are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.

(l) Changes in Estimates

Useful life of tangible capital assets

During the year the College revised the estimated useful life of new buildings. As a result of this revision the College has changed the amortization period for this asset from 20 years to 50 years. Accordingly, given the effects of the change in this accounting estimate, the amortization expense pertaining to this specific asset for 2016-17 decreased from $90,292 to $28,872.


16

3. CASH AND CASH EQUIVALENTS

Due to the short-term nature of the investments, market value of cash and cash equivalents approximates cost.

June 30

2017

June 30

2016

Cash and bank deposits 2,142,686$ 2,553,276$

Cash and cash equivalents 2,142,686$ 2,553,276$

4. ACCOUNTS RECEIVABLE

All accounts receivable presented on the statement of financial position are net of any valuation allowances for doubtful accounts.

June 30

2017

June 30

2016

Provincial government:

Advanced education/economy 22,265$ 32,142$

Other - -

Federal government 97,134 23,200

Other receivables 292,115 188,904

411,514 244,246

Less: Allowance for doubtful accounts (84,847) (9,343)

Accounts receivable, net of allowances 326,667$ 234,903$

5. INVENTORIES FOR RESALE

June 30

2017

June 30

2016

Bookstore Inventory 42,871$ 27,763$

Inventories for resale 42,871$ 27,763$


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


17

6. PORTFOLIO INVESTMENTS

Portfolio investments in the cost and amortized cost category: Cost Cost

GICs 46,269$ 45,993$

Term deposits - -

Other - Equity account 12,003 10,000

Total portfolio investments reported at cost and amortized cost 58,272 55,993

Total portfolio investments 58,272$ 55,993$

June 30

2017

June 30

2016

7. ACCRUED SALARIES AND BENEFITS

June 30

2017

June 30

2016

Accrued salaries 224,443$ 209,200$

Accrued salaries and benefits 224,443$ 209,200$

8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

June 30 2017

June 30 2016

Other 209,989$ 242,392$ Accounts payable and accrued liabilities 209,989$ 242,392$

9. DEFERRED REVENUE

June 30

2016

Addition

during the

year

Revenue

recognized

in the year

June 30

2017

Tuitions and fees 113,843$ 95,796$ 113,843$ 95,796$

Rents 1,588 1,900 1,588 1,900

Deferred revenue 115,431$ 97,696$ 115,431$ 97,696$


18

10. LIABILITY FOR EMPLOYEE FUTURE BENEFITS

The College provides certain post-employment, compensated absence and termination benefits to its employees. These benefits include non-vested sick leave.Significant assumptions are listed below. The liability associated with these benefits is calculated as the present value of expected future payments pro-rated for service and is recorded as Liability for Employee Future Benefits in the statement of financial position.

Details of the employee future benefits are as follows:

June 30

2017

June 30

2016

Actuarial valuation date Long-term assumptions used: Salary escalation rate (percentage) 1.50% 1.50% Discount rate (percentage) 1.90% 2.30% Expected average remaining service life (years) 11.2 11.2

Liability for Employee Future BenefitsJune 30

2017

June 30

2016

Accrued Benefit Obligation - beginning of year 238,600$ 202,800$ Valuation effect - 24,800 Current period benefit cost 43,600 41,300 Interest cost 4,600 5,200 Benefit payments (38,600) (41,000) Actuarial gains / losses - 5,500 Plan amendments - -

Accrued Benefit Obligation - end of year 248,200 238,600 Unamortized Net Actuarial Gains / Losses (31,400) (34,800)

Liability for Employee Future Benefits 216,800$ 203,800$

Employee Future Benefits ExpenseJune 30

2017

June 30

2016

Current period benefit cost 43,600$ 41,300$ Amortization of net actuarial gain / loss 3,400 700 Plan amendments - -

Benefit cost 47,000 42,000 Interest cost on unfunded employee future benefits obligation 4,600 5,200

Total Employee Future Benefits Expense 51,600$ 47,200$


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


19

11. LONG-TERM DEBT

June 30

2017

June 30

2016

Capital Loans Royal Bank Loan 259,281$ 377,685$

Total Long Term Debt 259,281$ 377,685$

Details of Long-Term Debt:

Principal repayments over the next 5 years are estimated as follows:

Capital LoansCapital Leases Other LT Debt Total

2018 122,444$ -$ -$ 122,444$2019 126,623 - - 126,6232020 10,214 - - 10,214Thereafter - - - -

Total 259,281$ -$ -$ 259,281$

Principal and interest payments on the long-term debt are as follows

Capital LoansCapital Leases

Other LT Debt 2017 2016

Principal 118,404$ -$ -$ 118,404$ 114,182$Interest 10,886 - - 10,886 15,106

Total 129,290$ -$ -$ 129,290$ 129,288$

The Royal Bank loan is secured by a resolution to borrow with a copy of the authorization letter from the Ministry of Advanced Education. Monthly payments are $10,774 with interest at 3.36%. Loan terms were negotiated in October 2013, reducing the interest rate from 5.31%. The loan will be fully paid in July of 2019.


20

12. TANGIBLE CAPITAL ASSETS

Land

Improvements Buildings

Furniture and

Equipment

Computer

Hardware

Computer

Software Vehicles

Work in

Progress 2017 2016

Tangible Capital Assets - at Cost:Opening Balance at Start of Year 46,637$ 15,491,183$ 1,226,575$ 1,441,631$ 434,914$ 170,623$ 318,348$ 19,129,911$ 18,895,779$Additions/Purchases 29,461 58,513 106,511 116,747 - 20,358 930 332,521 234,132Disposals - - - - - - - - -Write-Downs - - - - - - - - -Transfers to (from) - (13,846) - - - - 13,846 - -Closing Balance at End of Year 76,098 15,535,850 1,333,086 1,558,378 434,914 190,981 333,124 19,462,432 19,129,911

Tangible Capital Assets - Amortization:Opening Balance at Start of Year 37,659 6,884,322 1,004,800 1,347,282 274,375 115,416 - 9,663,854 8,670,639Amortization of the Period 11,768 717,795 81,956 129,624 43,492 28,087 - 1,012,722 993,215Disposals - - - - - - - - -Write-Downs - - - - - - - - -Closing Balance at End of Year 49,427 7,602,117 1,086,756 1,476,906 317,867 143,503 - 10,676,576 9,663,854

Net Book Value:Opening Balance at Start of Year 8,978 8,606,861 221,775 94,349 160,539 55,207 318,348 9,466,057 10,225,140Closing Balance at End of Year 26,671 7,933,733 246,331 81,472 117,047 47,478 333,124 8,785,856 9,466,057Change in Net Book Value 17,693$ (673,128)$ 24,556$ (12,877)$ (43,492)$ (7,729)$ 14,776$ (680,201)$ (759,083)$

13. PREPAID EXPENSES

June 30

2017

June 30

2016

Other 49,738$ 52,243$

Residence Prepaid 8,609 8,092

Prepaid expenses 58,347$ 60,335$

14. EMPLOYEE PENSION PLANS

Multi-Employer Defined Benefit Plans

Information on the multi-employer pension plans to which the College contributes is as follows:

i) Saskatchewan Teachers’ Retirement Plan (STRP) or Saskatchewan Teachers’ Superannuation Plan (STSP):

The STRP and STSP provide retirement benefits based on length of service and pensionable earnings.

The STRP and STSP are funded by contributions by the participating employee members and the Government of Saskatchewan. The College’s obligation to the STRP and STSP is limited to collecting and remitting contributions of the employees at rates determined by the plans.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


21

14. EMPLOYEE PENSION PLANS (continued)

Multi-Employer Defined Benefit Plans (continued)

Accordingly, these financial statements do not include any expense for employer contributions to these plans. Net pension assets or liabilities forthese plans are not reflected in these financial statements as ultimate responsibility for retirement benefits rests with the Saskatchewan Teachers’ Federation for the STRP and with the Government of Saskatchewan for the STSP.

Details of the contributions to these plans for the College’s employees are as follows:

2016

STRP STSP TOTAL TOTAL

Number of active College members 17 3 20 19 Member contribution rate (percentage of salary) 12.52% 6.98%

Member contributions for the year 133,706$ 15,883$ 149,588$ 135,831$

2017

ii) Municipal Employees’ Pension Plan (MEPP)

The MEPP provides retirement benefits based on length of service and pensionable earnings.

The MEPP is funded by employer and employee contributions at rates set by the Municipal Employees’ Pension Commission.

Every three years, an actuarial valuation is performed to assess the financial position of the plan and the adequacy of plan funding. Any actuarially determined deficiency is the responsibility of the participating employers and employees which could affect future contribution rates and/or benefits.

The contributions to the MEPP by the participating employers are not segregated in separate accounts or restricted to provide benefits to the employees of a particular employer. As a result, individual employers are not able to identify their share of the underlying assets and liabilities, and the net pension assets or liabilities for this plan are not recognized in these financial statements. In accordance with PSA standards, the plan is accounted for as a defined contribution plan whereby the College’s contributions are expensed when due.


22

14. EMPLOYEE PENSION PLANS (continued)

Multi-Employer Defined Benefit Plans (continued)

Details of the MEPP are as follows:

2017 2016

Number of active College members 105 114

Member contribution rate (percentage of salary) 8.15% 8.15%

College contribution rate (percentage of salary) 8.15% 8.15%

Member contributions for the year 385,841$ 401,163$

College contributions for the year 385,841 401,163

Actuarial valuation December 31, 2014 31-Dec-15 31-Dec-14

Plan Assets ('000's) 1,936,122$ 1,779,119$

Plan Liabilities ('000's) 1,808,943 1,657,223

Plan Surplus (Deficit) ('000's) 127,179$ 121,886$

15. EXPENSES BY FUNCTION AND ECONOMIC CLASSIFICATION

FunctionPersonnel

Costs

Program

Contracts

Supplies and

Services

Amortization

of TCA

Debt

Servicing

2017 Actual

2017 Budget

2016 Actual

General $ 2,961,144 $ 57,100 $ 1,835,708 $ 1,012,722 $ 10,886 $ 5,877,560 $ 6,048,876 $ 5,749,450 Skills Training 1,775,516 784,521 567,536 - - 3,127,573 3,330,558 2,840,684 Basic Education 2,227,613 91,829 351,760 - - 2,671,202 2,573,811 2,801,763 University 1,574 311,711 54,942 - - 368,227 367,836 335,005 Services 1,076,332 - 460,466 - - 1,536,798 1,470,691 1,573,559 Scholarships - - 94,624 - - 94,624 70,000 72,544 Development - - - - - - -Sudent Housing 138,767 - 180,697 - - 319,464 292,696 313,211

TOTAL $ 8,180,946 $ 1,245,161 $ 3,545,733 $ 1,012,722 $ 10,886 $13,995,448 $14,154,468 $13,686,216

16. RISK MANAGEMENT

The College is exposed to financial risks from its financial assets and liabilities. These risks include credit risk, liquidity risk and market risk (consisting of interest rate risk and foreign exchange risk).

i) Credit RiskCredit risk is the risk to the College from potential non-payment of accounts receivable. The credit risk related to the College's receivables from the provincial government, federal government and their agencies is considered to be minimal. For other receivables, the College has adopted credit policies which include the regular review of the College’s overdue accounts. The College does not have significant exposure to any individual customer. Management reviews accounts receivable on a case by case basis to determine if a valuation allowance is necessary to reflect impairment in collectability.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


23

16. RISK MANAGEMENT (continued)

i) Credit Risk (continued)

The aging of accounts receivable at June 30, 2017 and June 30, 2016 was:

Accounts

Receivable

Allowance of

Doubtful

Accounts

Accounts

Receivable

Allowance of

Doubtful

Accounts

Current 257,953$ -$ 91,016$ -$31-60 days 22,436 - 5,356 -60-90 days 13,951 - (4,949) -Over 90 days 117,174 84,847 152,823 9,343Total 411,514$ 84,847 244,246$ 9,343Net 326,667$ 234,903$

June 30, 2017 June 30, 2016

ii) Liquidity Risk

Liquidity risk is the risk that the College will not be able to meet its financial obligations as they come due. The College manages liquidity risk by maintaining adequate cash balances, budget practices and monitoring, forecasts. The following table sets out the contractual maturities of the College’s financial liabilities:

Within

6 months

6 months

to 1 year 1 to 5 years > 5 years

Accrued salaries and benefits 224,443$ - - -Accounts payable and accrued liabilities 209,989 - - -Long-term debt 60,679 61,765$ 136,837$ -Liability for employee future benefits 25,800 25,800 165,200 -Deferred revenue 97,696 - - -Total 618,607$ 87,565$ 302,037$ -$

June 30, 2017

iii) Market RiskThe College is exposed to market risks with respect to interest rates and foreign currency exchange rates as follows:

Interest Rate Risk:Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The College’s interest rate exposure relates to cash and cash equivalents, portfolioinvestments, bank indebtedness and long-term debt. The College also has an authorized bank line of credit of $250,000 with interest payable monthly at a rate of prime less .25%. Changes in the bank's prime rate can cause fluctuation in interest payments and cash flows. There was no balance outstanding on this credit facility as of June 30, 2017.


24

16. RISK MANAGEMENT (continued)

iii) Market Risk (continued)

Interest Rate Risk: (continued)

The College minimizes these risks by:• holding cash in an account at a Canadian bank, denominated in

Canadian currency• investing in GICs and term deposits for short terms at fixed interest rates• managing cash flows to minimize utilization of its bank line of credit• managing its interest rate risk on long-term debt through the exclusive

use of fixed rate terms for its long-term debt

Foreign Currency Risk:Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The College is exposed to currency risk on purchases denominated in U.S. dollars for which the related accounts payable balances are subject to exchange rate fluctuations; however, this risk is minimal as the College does not make a significant amount of purchases denominated on a foreign currency.

17. BUDGET FIGURES

Budget figures included in the financial statements were approved by the Board on June 27, 2016 and the Minister of Advanced Education on July 28, 2016.

18. RELATED PARTIES

These financial statements include transactions with related parties. The College is related to all Government of Saskatchewan ministries, agencies, boards, school divisions, health authorities, colleges and crown corporations under the common control of the Government of Saskatchewan. The College is also related to non-Crown enterprises that the Government jointly controls or significantly influences. In addition, the College is related to other non-Government organizations by virtue of its economic interest in these organizations.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


25

18. RELATED PARTIES (continued)

Related Party Transactions:

Transactions with these related parties are in the normal course of operations. Amounts due to or from and the recorded amounts of transactions resulting from these transactions are included in the financial statements and the table below. They are recorded at exchange amounts which approximate prevailing market rates charged by those organizations and are settled on normal trade terms.

June 30

2017

June 30

2016

Revenues:Ministry of Advanced Education/Economy 9,178,982$ 9,482,849$Saskatchewan Polytechnic 8,000 29,000Saskatchewan Gov't Employee Union 27,505 22,144Saskatchewan Housing Corporation - 15,000Saskatchewan Regional Colleges 1,256 1,960Living Sky School Division No. 202 461,957 492,935University of Regina (includes tuitions) 224,305 257,346University of Saskatchewan (includes tuitions) 114,024 119,394Northwest School Division No. 203 96,713 80,201Prairie Spirit School Division No. 206 50,000 50,000CanSask 34,958 34,789

10,197,700$ 10,585,618$


26


Related Party Transactions: (continued)

June 30

2017

June 30

2016

Expenses:Saskatchewan Polytechnic 846,424$ 760,111$Saskatchewan Gov't Employee Union 178,479 183,444Saskatchewan Regional Colleges 22,648 8,189SaskTel 74,048 132,141SaskEnergy 18,368 16,069SaskPower 59,286 51,969Saskatchewan Government Services 619,738 611,833Saskatchewan Workers Compensation Board 22,203 24,633Saskatchewan Teachers' Superannuation Board 18,890 18,398Saskatchewan Teachers' Federation 133,706 120,329Living Sky School Division No. 202 124,622 156,917Saskatchewan Government Insurance 6,265 6,191Saskatchewan Tourism and Education Council - 2,237Association of Saskatchewan Regional Colleges 19,084 32,554Sask. Indian Institute of Technology 27,651 -Prairie Spirit School Division 5,136 -Saskatchewan Educational 12,500 -University of Regina 298,469 242,618University of Saskatchewan 40,786 27,670

2,528,303$ 2,395,303$


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


27


Related Party Transactions: (continued)

June 30 2017

June 30 2016

Accounts Receivable:Ministry of Advanced Education/Economy 1,000$ 1,000$Minister of Finance 21,265 31,142Govt of Canada 97,134 23,200Saskatchewan Polytechnic - 21,060Saskatchewan Government Employees Union 3,427 -Saskatchewan Regional Colleges 1,214 -CanSask 9,945 -Prairie Spirit School Division 50,000 -

183,985$ 76,402$Accounts Payable and Accrued Liabilities:Minister of Finance 1,854$ 1,893$University of Regina - 54,494Living Sky School Division No. 202 - 5,335Saskatchewan Regional Colleges 1,405 9,632

3,259$ 71,354$

In addition, the College pays Provincial Sales Tax to the Saskatchewan Ministry of Finance on all its taxable purchases and customer sales on items that are deemed taxable. Taxes paid are recorded as part of the cost of those purchases.

Other transactions with related parties and amounts due to/from them are described separately in the financial statements or notes thereto.

A portion of the revenue from the Government of Saskatchewan includes funding to service the principal and interest on the College’s loan.

19. ACCUMULATED SURPLUS

Accumulated surplus represents the financial assets and non-financial assets of the College less liabilities. This represents the accumulated balance of net surplus arising from the operations of the College and accumulated net remeasurement gains and losses.


28

19. ACCUMULATED SURPLUS (continued)

Certain amounts of the accumulated operating surplus, as approved by the Board, have been designated for specific future purposes as described in a schedule of restricted net assets (see below). These internally restricted amounts are included in the accumulated surplus presented in the statement of financial position. Accumulated surplus from operations also includes externally restricted contributions for which the contributor has placed restrictions that the resources be held in perpetuity.

The College does maintain separate bank accounts for the internally restricted amounts and externally restricted resources to be held in perpetuity.

Details of accumulated surplus are as follows:

June 30

2016

Addition

during

the year

Reductions

during the

year

June 30

2017

Invested in Tangible Capital Assets: Net Book Value of Tangible Capital Assets 9,466,057$ 332,521$ 1,012,722$ 8,785,856$ Less: Debt owing on Tangible Capital Assets 377,685 118,404 259,281

9,088,372 332,521 894,318 8,526,575

External Contributions to be Held in Perpetuity 45,993 2,279 - 48,272

Internally Resricted Operating Surplus: Capital projects: Designated for tangible capital asset expenditures 1,100,392 118,275 393,644 825,023

1,100,392 118,275 393,644 825,023 Other: Operating Reserve 350,121 41,444 24,915 366,650 Residence Reserve 218,238 4,343 - 222,581 Scholarship Reserve 168,460 - 26,009 142,451

736,819 45,787 50,924 731,682

Unrestricted Operating Surplus 278,243 - 3,305 274,938

Total Accumulated Surplus from Operations 11,249,819$ 498,862$ 1,342,191$ 10,406,490$

Accumulated remeasurement gains and losses - - - -

Total Accumulated Surplus 11,249,819$ 498,862$ 1,342,191$ 10,406,490$

The purpose and nature of each Internally Restricted Surplus amount is as follows:

Externally restricted

The Basic Education Endowment reserve is subject to the restrictions of the agreement requiring that the principal be invested in perpetuity and that only the resulting income may be utilized for scholarship purposes.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS


29


Internally restricted

The Residence Reserve is a reserve to address future maintenance and improvement needs of the Student Residence in the Meadow Lake Campus.

The Scholarship Reserve is a reserve created for the purpose of student scholarships, which are awarded on a yearly basis or as per the requirements of the scholarship.

The Operating Reserve consists of reserves intended to satisfy College operations where there is a specific purpose. These consist of:

• Management Information Systems Reserve relates to all systems that support management function. Forecast costs include upgrades to the management information system and improvements with employee electronic time tracking and budgeting.

• Professional Development Reserve was introduced to reflect the College’s commitment to staff development. The reserve will be maintained in accordance with College planning and policy.

• Strategic Initiatives & Organizational Development Reserve was introduced in the 2016/17 program year. These initiatives directly align with the initiatives that would ensure the organization meets its strategic priorities by 2018. This fund will also ensure the organization meets the unique needs of the post-secondary sector.

• Facilities Reserve is an ongoing reserve established to provide the College flexibility to address emergent facility requirements, to undertake planning activities, and to contribute to projects where necessary.

• Furniture and Equipment Replacement Reserve is an ongoing reserve to fund the replacement of furniture and equipment.

• Vehicle Replacement Reserve is an ongoing reserve established to fund the replacement costs of the fleet of vehicles used by the College. The reserve will be maintained in accordance with College strategy.


30


Internally restricted (continued)

• Information Technology Reserve is an ongoing reserve to support the replacement and expansion of information technology equipment in the College. Annual requirements in excess of planned operating expenditures and planned capital purchases are funded from this reserve.

• Maintenance and Improvements Reserve is continued to address the College’s commitment to assuring the long-term viability of student housing. Appropriations will be made annually and the reserve will be maintained in accordance with College planning and commitments.

• Campus Development Reserve is introduced in 2015/16 to address campus facility opportunities and space needs.

20. CONTINGENT LIABILITIES

A union representing employees of an employer unrelated to the College has applied by Notice of Motion for an order quashing purported decisions of the Municipal Employees Pension Plan, relating to the application of actuarial surplus in the fund, as well as other relief. Several participating employers, including the College have been named. It is not possible to estimate the potential effect of the claim at this stage of the proceedings.

The Saskatchewan Housing Corporation funding agreement for construction of the Meadow Lake student housing project contains stipulations that continue to be met. In the event of default principal would become due with interest at a rate of 5.19% per annum. The contingent liability matures May 2, 2021.


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

31

Sche

dule

1

2017

2017

2016

Gen

eral

Uni

vers

ityS

chol

arsh

ips

Stu

dent

Lear

ner

Hou

sing

Cre

dit

Non

-cre

dit

Cre

dit

Non

-cre

dit

Sup

port

Cou

nsel

Cre

dit

Actu

alB

udge

tA

ctua

l

Rev

enue

s (S

ched

ule

2)P

rovi

ncia

l gov

ernm

ent

5,54

0,85

1$

1,47

8,36

6$

-$

1,94

0,03

0$

179,

735

$40

,000

$-

$-

$-

$-

$9,

178,

982

$9,

404,

731

$9,

725,

349

$Fe

dera

l gov

ernm

ent

--

--

206,

548

--

--

-20

6,54

826

5,00

026

4,47

4O

ther

27

8,86

11,

723,

463

19,7

0964

0,74

553

,700

337,

397

3,03

431

7,25

868

,615

323,

807

3,76

6,58

93,

347,

710

3,62

3,51

4To

tal R

even

ues

5,81

9,71

23,

201,

829

19,7

092,

580,

775

439,

983

377,

397

3,03

431

7,25

868

,615

323,

807

13,1

52,1

1913

,017

,441

13,6

13,3

37

Expe

nses

(Sch

edul

e 3)

Age

ncy

cont

ract

s57

,100

771,

507

13,0

1413

,381

78,4

48-

-31

1,71

1-

-1,

245,

161

1,25

6,11

31,

223,

199

Am

ortiz

atio

n1,

012,

722

--

--

--

--

-1,

012,

722

1,00

0,50

099

3,21

5E

quip

men

t13

5,83

116

4,73

4-

5,57

81,

877

--

5,23

5-

909

314,

164

275,

835

229,

039

Faci

litie

s76

5,02

368

,879

-70

,037

11,5

50-

-13

,030

-15

5,96

71,

084,

486

1,02

6,04

31,

034,

365

Info

rmat

ion

tech

nolo

gy58

,557

1,69

2-

2,96

31,

410

19,4

072,

182

--

-86

,211

79,2

6582

,858

Ope

ratin

g88

7,18

333

0,93

41,

297

136,

911

121,

434

422,

378

16,4

9936

,677

94,6

2423

,821

2,07

1,75

82,

275,

849

1,78

3,57

2P

erso

nal s

ervi

ces

2,96

1,14

41,

771,

941

3,57

51,

424,

974

802,

639

923,

649

152,

683

1,57

4-

138,

767

8,18

0,94

68,

240,

863

8,33

9,96

8To

tal E

xpen

ses

5,87

7,56

03,

109,

687

17,8

861,

653,

844

1,01

7,35

81,

365,

434

171,

364

368,

227

94,6

2431

9,46

413

,995

,448

14,1

54,4

6813

,686

,216

Surp

lus

(Def

icit)

fo

r the

yea

r(5

7,84

8)$

92,1

42$

1,82

3$

926,

931

$(5

77,3

75)

$(9

88,0

37)

$(1

68,3

30)

$(5

0,96

9)$

(26,

009)

$4,

343

$(8

43,3

29)

$(1

,137

,027

)$

(72,

879)

$

Nor

th W

est C

olle

geSc

hedu

le o

f Rev

enue

s an

d Ex

pens

es b

y Fu

nctio

nfo

r the

yea

r end

ed J

une

30, 2

017

2017

Act

ual

Ski

lls T

rain

ing

Bas

ic E

duca

tion

Ser

vice

s

32

Sche

dule

2

2017

2017

2016

Gen

eral

Uni

vers

ityS

chol

arsh

ips

Stu

dent

Tota

lTo

tal

Tota

lLe

arne

rH

ousi

ngR

even

ues

Rev

enue

sR

even

ues

Cre

dit

Non

-cre

dit

Cre

dit

Non

-cre

dit

Sup

port

Cou

nsel

Cre

dit

Actu

alB

udge

tA

ctua

l

Prov

inci

al G

over

nmen

tA

dvan

ced

Edu

catio

n/E

cono

my

Ope

ratin

g gr

ants

4,25

6,85

9$

-$

-$

171,

120

$-

$-

$-

$-

$-

$-

$4,

427,

979

$4,

522,

600

$4,

507,

196

$P

rogr

am g

rant

s1,

153,

992

1,47

8,36

6-

1,76

8,91

010

1,24

9-

--

--

4,50

2,51

74,

556,

331

4,36

9,93

2C

apita

l gra

nts

--

--

--

--

--

-11

2,50

022

,000

5,41

0,85

11,

478,

366

-1,

940,

030

101,

249

--

--

-8,

930,

496

9,19

1,43

18,

899,

128

Con

tract

s-

--

--

40,0

00-

--

-40

,000

-40

,000

Oth

er-

--

--

--

--

--

168,

500

433,

201

5,41

0,85

11,

478,

366

-1,

940,

030

101,

249

40,0

00-

--

-8,

970,

496

9,35

9,93

19,

372,

329

Oth

er p

rovi

ncia

l13

0,00

0-

--

78,4

86-

--

--

208,

486

44,8

0035

3,02

0

Tota

l Pro

vinc

ial

5,54

0,85

11,

478,

366

-1,

940,

030

179,

735

40,0

00-

--

-9,

178,

982

9,40

4,73

19,

725,

349

9,17

8,98

2Fe

dera

l Gov

ernm

ent

Ope

ratin

g gr

ants

--

--

--

--

--

--

-P

rogr

am g

rant

s-

--

-20

6,54

8-

--

--

206,

548

265,

000

264,

474

Cap

ital g

rant

s-

--

--

--

--

--

--

--

--

206,

548

--

--

-20

6,54

826

5,00

026

4,47

4O

ther

Fed

eral

--

--

--

--

--

--

-

Tota

l Fed

eral

--

--

206,

548

--

--

-20

6,54

826

5,00

026

4,47

420

6,54

8O

ther

Rev

enue

Adm

in re

cove

ry-

--

--

--

--

--

--

Con

tract

s31

,539

397,

329

365

638,

275

53,7

00-

--

--

1,12

1,20

884

8,33

91,

001,

648

Inte

rest

34,5

70-

--

--

--

2,01

3-

36,5

8332

,000

31,1

53R

ents

7,04

4-

--

--

--

-31

4,25

532

1,29

932

3,43

832

9,56

7R

esal

e ite

ms

1827

--

-32

0,18

2-

--

-32

0,22

725

0,00

033

5,48

7Tu

ition

s37

,445

1,26

8,28

719

,344

2,47

0-

13,1

042,

760

316,

148

--

1,65

9,55

81,

676,

933

1,65

6,77

7D

onat

ions

--

--

--

--

66,6

02-

66,6

0240

,000

43,1

71O

ther

168,

245

57,8

20-

--

4,11

127

41,

110

-9,

552

241,

112

177,

000

225,

711

Tota

l Oth

er27

8,86

11,

723,

463

19,7

0964

0,74

553

,700

337,

397

3,03

431

7,25

868

,615

323,

807

3,76

6,58

93,

347,

710

3,62

3,51

43,

766,

589

Tota

l Rev

enue

s5,

819,

712

$3,

201,

829

$19

,709

$2,

580,

775

$43

9,98

3$

377,

397

$3,

034

$31

7,25

8$

68,6

15$

323,

807

$13

,152

,119

$13

,017

,441

$13

,613

,337

$

Nor

th W

est C

olle

geSc

hedu

le o

f Rev

enue

s by

Fun

ctio

nfo

r the

yea

r end

ed J

une

30, 2

017

2017

Rev

enue

s A

ctua

lS

kills

Tra

inin

gB

asic

Edu

catio

nS

ervi

ces

T e a j o 0


FIN

ANCI

AL R

EPO

RTS

FIN

ANCI

AL R

EPO

RTS

33

Schedule 3

2017 2017 2016General University Scholarships Student Total Total Total

(Schedule 4) Learner Housing Expenses Expenses ExpensesCredit Non-credit Credit Non-credit Support Counsel Credit Actual Budget Actual

Agency ContractsContracts 57,100$ 771,507$ 13,014$ 13,381$ 78,448$ -$ -$ 311,711$ -$ -$ 1,245,161$ 1,086,863$ 1,223,199$Instructors - - - - - - - - - - - 169,250 -

57,100 771,507 13,014 13,381 78,448 - - 311,711 - - 1,245,161 1,256,113 1,223,1991,245,161

Amortization 1,012,722 - - - - - - - - - 1,012,722 1,000,500 993,215

EquipmentEquipment (non-capital) 126,326 157,195 - 5,563 1,877 - - 5,235 - 499 296,695 178,178 192,220Rental - 6,500 - - - - - - - - 6,500 17,000 160Repairs and maintenance 9,505 1,039 - 15 - - - - - 410 10,969 80,657 36,659

135,831 164,734 - 5,578 1,877 - - 5,235 - 909 314,164 275,835 229,039Facilities 314,164

Building supplies - - - - - - - - - 1,542 1,542 - 328Grounds - - - - - - - - - 3,069 3,069 2,400 2,114Janitorial 299,385 - - 4,081 - - - - - 678 304,144 39,905 298,314Rental 214,016 60,717 - 62,112 11,550 - - 13,030 - - 361,425 369,735 369,235Repairs & maintenance buildings 67,051 616 - - - - - - - 44,876 112,543 343,193 73,189Utilities 184,571 7,546 - 3,844 - - - - - 105,802 301,763 270,810 291,185

765,023 68,879 - 70,037 11,550 - - 13,030 - 155,967 1,084,486 1,026,043 1,034,365Information Technology 1,084,486

Computer services 1,675 - - - - - - - - - 1,675 21,735 1,943Data communications 2,439 679 - 2,963 1,410 757 - - - - 8,248 1,040 8,972Equipment (non-capital) - - - - - - - - - - - - -Materials & supplies 699 13 - - - - - - - - 712 - 3,445Rental - 1,000 - - - - - - - - 1,000 - -Repairs & maintenance buildings - - - - - - - - - - - - 37Software (non-capital) 53,744 - - - - 18,650 2,182 - - - 74,576 56,490 68,461

58,557 1,692 - 2,963 1,410 19,407 2,182 - - - 86,211 79,265 82,858Operating 86,211

Advertising 256,587 37,634 1,130 10,435 11,176 40,523 3,638 2,281 - - 363,404 413,275 320,082Association fees & dues 26,724 - - - 45 - 353 - - - 27,122 36,774 26,578Bad debts 77,146 - - - - - - - - 4,798 81,944 - 7,139Financial services 28,678 - - - - - - - - - 28,678 19,011 27,744In-service (includes PD) 59,812 722 - 8,071 4,278 7,363 950 - - 300 81,496 141,420 88,551Insurance 41,580 754 - 754 - - - - - 11,321 54,409 41,347 46,855Materials & supplies 36,874 229,889 167 61,263 68,431 20,869 2,897 125 - 505 421,020 373,037 360,596Postage, freight & courier 26,142 5,045 - 4,891 4,286 1,337 111 282 - - 42,094 35,801 38,759Printing & copying 4,735 18,769 - 28,618 11,167 848 - 3,810 - 746 68,693 6,563 24,841Professional services 85,539 5,383 - - - - - - - - 90,922 158,402 58,779Resale items 545 - - - - 309,459 - - - - 310,004 227,273 337,383Subscriptions 5,602 1,393 - 234 41 - 1,525 - - - 8,795 7,144 12,453Telephone & fax 51,606 737 - 8,470 969 - - 1,293 - 1,113 64,188 422,953 61,833Travel 74,909 26,677 - 13,575 20,982 41,295 4,206 19,713 - 1,330 202,687 199,135 187,058Other 110,704 3,931 - 600 59 684 2,819 9,173 94,624 3,708 226,302 193,715 184,921

887,183 330,934 1,297 136,911 121,434 422,378 16,499 36,677 94,624 23,821 2,071,758 2,275,849 1,783,572Personal Services 2,071,758

Employee benefits 456,530 223,973 285 106,104 94,486 142,664 22,663 84 - 21,975 1,068,764 976,958 1,091,065Honoraria 21,938 - - 21,938 27,285 17,173Salaries 2,480,348 1,547,545 3,290 1,318,870 708,153 780,795 130,020 1,490 - 109,792 7,080,303 7,233,020 7,223,960Other 2,328 423 190 - 7,000 9,941 3,600 7,770

2,961,144 1,771,941 3,575 1,424,974 802,639 923,649 152,683 1,574 - 138,767 8,180,946 8,240,863 8,339,9688,180,946

Total Expenses 5,877,560$ 3,109,687$ 17,886$ 1,653,844$ 1,017,358$ 1,365,434$ 171,364$ 368,227$ 94,624$ 319,464$ 13,995,448$ 14,154,468$ 13,686,216$

North West CollegeSchedule of Expenses by Function


2017 Expenses ActualSkills Training Basic Education Services

34

Schedule 4

op and admin110 115 120 125 130 140 150 100 160 135170 300 400 600 2017 2017 2016

Governance Operating Facilities Information Total Total Totaland and Technology General General General

Administration Equipment Actual Budget Actual

Agency ContractsContracts -$ 57,100$ -$ -$ 57,100$ 55,630$ 125,207$Instructors - - - - - 11,000 -

- 57,100 - - 57,100 66,630 125,207

Amortization - 1,012,722 - - 1,012,722 1,000,500 993,215

EquipmentEquipment (non-capital) - 2,407 53,017 70,902 126,326 167,098 150,400Rental - - - - - - -Repairs and maintenance - - 7,492 2,013 9,505 73,157 27,321

- 2,407 60,509 72,915 135,831 240,255 177,721Facilities

Building supplies - - - - - - -Grounds - - - - - - 102Janitorial - - 299,385 - 299,385 38,905 296,018Rental - 4,202 209,814 - 214,016 237,012 239,843Repairs & maintenance buildings - 134 66,917 - 67,051 314,703 40,506Utilities - - 184,571 - 184,571 179,508 183,270

- 4,336 760,687 - 765,023 770,128 759,739Information Technology

Computer services - 1,675 - - 1,675 - 1,943Data communications - - - 2,439 2,439 1,040 2,803Equipment (non-capital) - - - - - - -Materials & supplies - 699 - - 699 - -Rental - - - - - - -Repairs & maintenance buildings - - - - - - 37Software (non-capital) - 3,635 4,444 45,665 53,744 46,124 61,820

- 6,009 4,444 48,104 58,557 47,164 66,603Operating

Advertising - 256,587 - - 256,587 286,730 196,043Association fees & dues 16,268 10,048 408 - 26,724 35,243 25,375Bad debts - 77,146 - - 77,146 - 3,782Financial services - 28,678 - - 28,678 19,011 27,744In-service (includes PD) 11,006 46,206 1,200 1,400 59,812 127,793 60,134Insurance - 32,416 9,164 - 41,580 28,915 34,152Materials & supplies 195 36,679 - - 36,874 57,999 53,826Postage, freight & courier - 25,329 813 - 26,142 28,751 29,266Printing & copying - 4,735 - - 4,735 1,305 4,675Professional services 14,606 70,933 - - 85,539 156,398 52,380Resale items - 545 - - 545 - -Subscriptions - 5,602 - - 5,602 6,694 9,071Telephone & fax - 51,606 - - 51,606 44,090 54,556Travel 29,447 37,931 5,067 2,464 74,909 91,513 54,347Other 1,112 108,884 708 - 110,704 65,246 93,828

72,634 793,325 17,360 3,864 887,183 949,688 699,177Personal Services

Employee benefits 555 397,720 35,548 22,707 456,530 426,623 436,417Honoraria 21,938 - - - 21,938 27,285 17,173Salaries - 2,161,301 171,860 147,187 2,480,348 2,517,003 2,474,196Other - 2,328 - - 2,328 3,600 -

22,493 2,561,349 207,408 169,894 2,961,144 2,974,511 2,927,786

Total General Expenses 95,127$ 4,437,248$ 1,050,408$ 294,777$ 5,877,560$ 6,048,876$ 5,749,450$

North West CollegeSchedule of General Expenses by Functional Area


2017 General Actual


www.northwestcollege.ca

BATTLEFORDS CAMPUS10702 Diefenbaker Drive

North Battleford, SK S9A 4A8Phone: 306-937-5100

MEADOW LAKE CAMPUS720 – 5th Street West

Meadow Lake, SK S9X 1T9Phone: 306-234-5100

SHAYE AND RAELYNN, ADULT BASIC EDUCATION

Documents

2016 - 2017 Annual Report - North West College - Saskatchewan€¦ · NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT November 30, 2017 The Honourable Herb Cox Minister of Advanced