ANNUAL REPORT APRIL 1, 2019 TO MARCH 31, 2020 · 2019-2020 Annual Report . Community Futures Newsask . 1 . ANNUAL REPORT . APRIL 1, 2019 TO MARCH 31, 2020 . Prepared: May 14, 2020

2019-2020 Annual Report

Community Futures Newsask 1

ANNUAL REPORT

APRIL 1, 2019 TO MARCH 31, 2020

Prepared: May 14, 2020



Table of Contents

BOARD OF DIRECTORS ............................................................................................... 3 STAFF OF NEWSASK CFDC ......................................................................................... 6 CHAIRPERSON’S REPORT ........................................................................................... 8 SUMMARY OF MINUTES ............................................................................................... 9 NEWSASK GOALS AND OBJECTIVES ....................................................................... 13 NEWSASK SUMMARY OF ACTIVITIES ....................................................................... 18 INVESTMENT FUND AND TECHNICAL SERVICES STATISTICS .............................. 22 Note: Statistics include loans, technical services, projects & leveraged funds from loans, as well as technical services that resulted in the client to obtaining, the funds from another financial institution. ................................................................................... 23 SELF-EMPLOYMENT PROGRAM................................................................................ 24 SELF-EMPLOYMENT PROGRAM STATISTICS .......................................................... 25 NEWSASK STATISTICS ZONE BY ZONE ................................................................... 27 NEWSASK COMMUNITIES AND THEIR POPULATION .............................................. 28 (2006 and 2011 Census; Statistics Canada) (June 30, 2015; Ministry of Health*) APPENDIX

• LOANS DISBURSED BY ZONES AND BAD DEBT BY ZONES



NEWSASK COMMUNITY FUTURES DEVELOPMENT CORPORATION

BOARD OF DIRECTORS CHAIRPERSON: KATHY LINDSAY

Kathy joined the Newsask Board on November 25, 2015 representing Zone 2 and she and her husband, Rick reside in the town of Arborfield operating a third generation family farm. Previously Kathy worked over 18 years with the Royal Bank in Saskatoon before relocating to Arborfield. Since arriving in Arborfield, she has volunteered on various organizations which work effectively as joint ventures between Arborfield, Carrot River and Zenon Park. She completed a term on town council as Deputy Mayor.

Kathy continues to spend her time volunteering with various organizations while balancing her time helping on the farm.

VICE CHAIRPERSON: DARA McMUNN

Dara McMunn joined the Newsask Board on June 15, 2017 and is representing Zone 4.

She was a Delegate for Affinity Credit Union for four years, spent ten years on the board for Star City Minor Sports, eight years on the Star City School Community Council, and has belonged to numerous other committees and boards with a focus on community development throughout her years working for three different Regional Colleges. She previously worked in various senior management positions including Executive Director, Director of Programs, Director of Development and Director of Human Resources at Cumberland College, Parkland College and Prairie West Regional College for 24 years. She currently owns and operates a grain farm near Star City with her husband.

SECRETARY TREASURER: GARY CLEAVELEY

Gary is from Tisdale and joined the Board in April 2014 and is Newsask’s Zone 5 representative. Gary is a current K40 member and current Board member for Tisdale Minor hockey. He is a former Kinsmen member and refereed hockey for 25 years. He is a past coach for hockey and baseball and was on the provincial SIAST advisory board and Board member for OPET for 15 years. Gary is married, has two grown children and enjoys spending time with his grandchildren.

DIRECTOR: ALAN BISHOFF

Alan joined the Newsask Board on January 23, 2019 representing Zone 1 for the northern Village of Cumberland House. Alan is a Professional Engineer with a Teaching Certificate, Domestic Gas Fitter’s License, Power Engineer 4th class, Refrigeration engines, Journeyman Gas Welder, Journeyman Heavy Duty Repair and



currently in 4th year as Apprentice Electrician. He won Eecol Electric award for highest 2nd year marks in Saskatchewan in 2010-2011. He currently is self employed as a plumbing and heating contractor. He has been an instructor with Northlands College and has worked as an apprentice electrician and Project Superintendent with New Careers Corporation in Cumberland House and a Powerline Construction Project. He has been on the School Division board, town council and deputy mayor and enjoys playing recreation hockey and recreational paddling and metal fabrication.

DIRECTOR: JOHN KLYNE

John Klyne joined the Newsask Board on April, 2014 and is representing Zone 3. He works for Gabriel Dumont Institute based out of Nipawin but covers Northern Region I, Eastern Region I & II. He has sat on many different boards in the Region; Shore Gold Board Member, Nipawin Ethanol Plant Subcommittee member, Frist Nations and Metis Steering Committee (Cumberland College) as well as a Steering Committee member of the Nipawin Oasis. John is a single parent raising a teenage son.

DIRECTOR: HAZEL BERG

Hazel Berg joined the Newsask Board on May 12, 2017 and is representing Zone 6. She is a former Outreach Manager, North East Outreach and Support Services, Social Worker, Child and Family Service Supervisor, Ministry of Social Services and farmer. She is the CASW representative on council at the Saskatchewan Association of Social Workers and board member of the Canadian Association of Social Workers.

DIRECTOR: CHERYL LEN

Cheryl Len joined the Board on March 31, 2017 representing Zone 7 and she and her husband Ken reside in the town of Kelvington operating the Sportsman Motel. Cheryl worked with Mosiac Marketing and was a crew leader for Census 2016. She has volunteered for many positions including Medical Advisory Board, Economic Development Committee and Town Council from 2005-2011 including Deputy Mayor.

DIRECTOR: JEANINE HOLOWATUIK

Jeanine was nominated to the Board November 24, 2017 representing Zone 9. Jeannine is currently the Community Development Director with the Town of Hudson Bay, and previously was an employee of the NE Enterprise region. Jeanine’s community services include the Chamber of Commerce, Regional Park board member and Community Theatre Board member.



DIRECTOR FIRST NATIONS: VACANT

DIRECTOR METIS REPRESENTATIVE: DIANNE GENAILLE

Dianne Genaille was born and raised in Saskatchewan and has been a resident of Tisdale for the past 27 years. She has a Business Administration Certificate and is also certified as a Special Care Aide and Recreation Therapist. She has worked for the Kelsey Trail Health Region since March 1988 and during this time served on the CUPE Union as a Vice President and Steward. She has also worked as a Recreation Coordinator for Tisdale Housing Authority and was instrumental in setting up recreational programming for Tisdale and area.

Dianne is the President of the Tisdale Metis Local and she sits on the Metis Eastern Region II Board, as well as past Board member of Infinity Development Corporation. She has been a member of the Metis Nation since 1970 and has worked in the organization as an Aboriginal Family Alcohol Counselor.

Dianne is pleased to sit on the Community Futures Newsask Board as the Metis representative.

DIRECTOR YOUTH REPRESENTATIVE: VACANT



STAFF OF NEWSASK CFDC TAYLOR WATT – CHIEF EXECUTIVE OFFICER

Experience:

• Newsask – June 2019 to present • Farm Credit Canada – 2012 to 2019 • Affinity Credit Union – 2008 to 2012

Background: Born and raised in Melfort, Sk. After graduation from M.U.C.C. in Melfort I took 3 years off from school to play hockey for the Melfort Mustangs in the SJHL. During this time I worked part time at the Affinity Credit Union as a teller and got involved in my family farm. After hockey was finished I attended Edwards School of Business in Saskatoon where I majored in finance. Graduated in 2012 from the U of S and started at Farm Credit Canada in Tisdale as a Relationship Manager. Worked at FCC for 7 years June 2019 when I came to Newsask Community Futures to be the CEO. •

TERRI BROMM – BUSINESS DEVELOPMENT OFFICER

Experience:

• Pharmacy practice July 1994 – March 2019 • Owner/Associate Shoppers Drug Mart July 1995 – August 2000 • Community Futures Newsask November 2019 – Present

Background: I attended middle and secondary school in Tisdale and graduated from TUCS. After I completed my BSP from the University of Saskatchewan in 1994, we moved back to Tisdale where I managed the Bi-Rite Drugs. As an associate/owner, I operated a Shoppers Drug Mart first in Tisdale and then in Lacombe, Alberta. We moved back to Tisdale in the fall of 2000. I bring a range of experience as I have held roles with the Town of Tisdale as a Councillor and the Saskatchewan College of Pharmacists as an elected Council Member and Vice-President. I have worked in capacities with the KTHR/SHA and the University of Saskatchewan. I have always been interested in business and started with Newsask this past November.



CONNIE RUSTON – EXECUTIVE ADMINISTRATOR

Experience:

• 13 years Branch Administration Officer - Royal Bank • 9 years Accountant - TA Jellicoe, CA • Newsask Community Futures - Accounting Aug 2016-Jan 2019 • Newsask Community Futures - Executive Administrator Jan 2019-present

Background:

• Business Administration Certificate • 4th year Certified Management Accounting program



Office of the Chairperson Annual Report of the Chairperson

CHAIRPERSON’S REPORT

No one could have predicted what Covid-19 was going to do to our economy, our people or the way of life as we know it. We just need to adapt to the “new normal”. 2018/19 was taken as a year to restructure and renew NewSask. This past year was spent getting all staff into place and resume operations. When we review our yearly targets, it tells us we have successfully resumed operations by exceeding our targets. Policy manual updates are continuing as well as staff and board training. It is important to focus firstly on the safety of people then to reach targets. Newsask is working with existing clients to assist them in remaining viable during this economic shut down. 2020 brings the last year of our current Strategic Plan. Later this year, we will be meeting to update our Plan. This will be a difficult plan to create based on what is currently happening and how it is affecting new and existing businesses not only in the northeast but globally. Many new prospects have been put on hold awaiting the outcome of our new normal. In closing, I would like to thank the Board and staff of Newsask for their commitment throughout the past year. Taylor Watt, our new CEO, will soon be completing his first year and has all his staff in place. Once the initial impact of Covid-19, is behind us and our economy resumes operations, it will be a pleasure to watch the direction Taylor takes Newsask. Best regards, Kathy Lindsay Chairperson, Board of Directors



SUMMARY OF MINUTES

APRIL 1, 2019TO MARCH 31, 2020 APRIL 2019

No meetings MAY 2019

• Policy and procedures changes – Policy 2.1 and 16.5 clean up job descriptions;Policy 18.11 change “demand note signed by debtor and spouse” to omit “spouse” as it has not been practice and Brooks said was not legally necessary; Policy 30.1 – remove reference to Loans Committee approving write-offs, as Loans committee has been obolished and approval is now quorum of the board; Redress/appeals process – WD noted that Newsask’s process is not appropriate and should be more like Sagehill’s process; therefore needs to be revised as such.

• Lindsay thanked CEO Recruiting Committee for their hard work in hiring our new CEO, Taylor Watt who will commence work June 10, 2019. Lindsay also thanked Executive Administrator for all her extra work during this transition time.

• Watt will attend Pipeline course and Seeds of Growth – CF Conference in Saskatoon May 15-17.

• Loan application of Septic Services in Porcupine presented, more information required on his hiring additional staff to operate second truck.

• TSN Law proposal to waive interest on loan for Carrot River Diner subject to large installment paid on loan from sale of business with holdback to be paid within the near future, within reasonable time.

• Arborfield Mechanic – final order of foreclosure. Proceeds from auction will be remitted directly to Revenue Canada for back taxes.

• Proposal by Tomi Law for Bed & Breakfast in Aylsham to accept offer of $10,000 from sale of Codette property Lot 3 Blk/Par 1 Plan AR2215 Ext 2 be accepted and applied to loan on the condition regular payments of $1080 resume May 31, 2019.

• Loan application of Nipawin Cleaners approved on the conditions that a qualified third party Guarantor in addition to spouse be optained and client will provide monthly financials when business commences and client agrees to commit to a small business training plan to prepare him for operating a small business.

• Approval for new Credit Card be applied for with the same limits as before in the names of Taylor Watt and Connie Ruston.

• Approval for policy amended to include board travel expenses be reimbursed when board members are required to travel to attend to Newsask business.

• Approval for loan application from Septic Services Porcupine with additional information provided on second truck. He plans on staging his trucks at mid point area, so that it saves him fuel, travel time and wear and tear on the big trucks, as he can drive out to the location with his service truck, His brother in law will help when needed. A condition of his Provincial Park contract is that he maintains two operable septic trucks.



• Approval for accepting changes to loan application of Cleaner in Nipawin that thejudgement on record has arrangements made to pay, but will not be paid in fullbefore the funds are needed to purchase the equipment he has on hold.

• Approval for accepting loan application for $35,000 with PPSA on skidsteer andGSA for Kelvington Feed Store

• Approval to accept proposal of Diamond North Credit Union/Aylshaw Bed andBreakfast for $5,000 payout to be applied directly to loan and monthly paymentsof $800 beginning June 1, with Newsask discharging our interest in Codetteproperty Lot 13 Blk/Par 9 Plan #78PA04877 Ext 77.

JUNE 2019 • Approval provided by the board to accept proposal of Diamond North Credit

Union/Aylsham Bed and Breakfast for $5,000 payout to be applied directly to loanand monthly payments of $800 beginning June 1, with Newsask discharging ourinterest in Codette property

• Approval provided by the board to demand the loan, stop interest charges andproceed to seize on the Promissory Note of Melfort Lingerie Shop.

• Approval provided by the board of Annual Report presentation.• Approval provided by the board of Appointment of annual retainer of Brooks Mack

Legal Professional Corporation,• Approval provided by the board of Janke LLP Professional Accountants three year

tender for audit.• Discussion was held on Newsask’s position relating to Cannabis related

operations, and it was determined that as long as WD approved, would beacceptable.

• Approval by the board that Policy 7.4 and 7.5 both be striked in their entirety, asBenefits and Pension decisions are deemed operational.

JULY 2019

• Approval provided by the Board to accept the loan application of $67,000 from theRegular Investment fund over a period of ten years at 9% for a sports trainingdevices from Carrot River.

AUGUST 2019

• Approval provided by the Board to accept the loan application of $150,000 at 9%from the Regular Investment Fund for Touchless Carwash in Tisdale over 10years.

SEPTEMBER 2019

• Approval provided by the Board to accept the loan request for Log Haul Truckingin Porcupine for $75,000 term loan from Regular Investment Fund at 9% over 5years.



• Approval provided by the Board to accept the loan application of Cannabis – Carrot River for $150,000 term loan at 6.95% from the Regular Investment Fund over 10 years .

• Approval provided by the board to change board meetings to 6pm supper and meeting to begin at 6:30.

• Approval provided by the board to accept new format of delinquency report, for better clarity.

• Approval provided by the board to write off the four loans presented – Arborfield Mechanic $112,139.11’ Nipawin Gaming $34,802.99; plus $2,919.84 interest; Maple Creek Hotel $42,321.91 plus $6,952.34 interest; Occupational Health Melfort $9,439.44 and $1,754.12 interest.

• Approval denied by the board on loan application from Choiceland Gas Station, due to environmental issues on a mortgage for such a building.

• Approval by the board to setup Module training #6 Community Futures Lending and #13 Strategic Loan

• Governance policy – Client overdue report no longer required to be reported to board, and the Delinquency report to be reported on the new format with only the most recent month reported to the board, as well as Funds Available to lend report.

• Discussion held on different platforms available for Chat Lines specifically for loan approvals, so that board members are able to see each other’s comments. Watt will check into what is available and report back.

• Approval granted from the Board to compensate Ruston with one-time bonus for the nine week period that she acted as Interim Manager in addition to her position..

• Approval granted from the Board to demand the loan, stop interest charges and proceed to seize and/or sue on the Promissory Note of Spray Insulating in White Fox.

• OCTOBER 2019

• Approval granted from the Board to accept loan request from Gym in Nipawin for

term loan for $81,800 at 9% from Regular Investment Fund over 10 years. • Approval granted from the Board to accept loan request from Grain Marketing from

Melfort for $101,500 term loan at 7% from the Regular Investment Fund over 8 years.

• NOVEMBER 2019

• Approval granted from the Board to accept loan request from Trucking company

from Melfort for term loan for $59,000 at 9% from the Regular Investment Fund over 5 years.

• Discussion on Insurance renewals – determined that liability limits are adequate. Watt will check into comparible policies before next year’s renewal.

• Watt discussed the new Policy Bulletins from WD on new policies. Specific policies must be in place to allow these exceptions – Loans over $150k – loan must not exceed 15% of total Investment Fund assets and attempts to collaborate with BDC



or other conventional lenders or other CF syndicate loans must be documented as unsuccessful. WD needs prior written notification of intent to change policy to consider these loans. Interest Rates – flexibility allows CF’s to charge between prime and P+2. Interest Transfers – CF’s with 3 year contribution agreements will be pre approved to transfer up to 75% of net growth to a maximum of $100k to support increased operating activities and undertake community economic development initiatives.

• Watt discussed staff changes. Business Development Officer Terri Bromm is in place November 4, 2019 and training has begun. The Business Services Officer position has been eliminated due to budgetary restraints and low traffic flow in office.

• Watt presented Projections for 2019/2020 based on actual March 31, 2019 and year to date interest earned vs loan portfolio balance to determine breakeven ratios on bad debt.

• Watt went through delinquency report, discussing each client that is of concern and the steps taken to deal with the loan. Board agreed new format was much clearer to understand and see what is happening with the loans in question.

• Funds available to lend report – Watt discussed the report and progress we are making on new loans and business plans prepared in office.

• Watt discussed the Mighty Network application we are setting up so that Board can see comments made by other board members on new loans presented to board for acceptance, to better help them make a decision to accept or not.

• Board Training will finish around 4 pm on Saturday November 23, followed by annual Christmas party with bowling from 5-6 and catered supper in library to follow.

• Approval granted from the Board to accept loan request from Torch River Landing in the amount of $100k term loan at 9% from the Regular Investment Fund over 10 years.

• DECEMBER 2019 No meetings

JANUARY 2020

• Approval provided by the Board to accept the request by Aylsham Bed and Breakfast for 0% interest on existing loan of $95,202 to lower payments to $315 per month over 25 years to avoid having to take legal action. Business has failed and client has taken full time employment and wishes to make payments. Newsask will have minimal leniency and would begin foreclosure action against home quarter if payments not made

• FEBRUARY 2020.

No meetings



MARCH 2020 Decision to close the office to the public due to COVID-19, and continue to work in house by phone/email to ensure our customer needs are serviced and protect the staff. Postponed bookkeeping workshop and will wait until the end of March to make a decision on YBEX, if we need to postpone or cancel the event. WD has rolled out new policy allowing us to go below prime +2% for any new/existing loan for the next 4 months. Blanket Approval approved by the Board to defer payments or client pay 50% interest only for the next three months to help clients with cash flow issues due to Coronavirus, and loss of business for select clients. At the three month mark, we will decide on further measures to be taken. Approval by the Board to accept request from Torch River Landing for 5.95% interest over 15 years on current loan of $99,637 to retain his business, as Scotia has approached him to payout his loan here at a lower rate, now that the majority of construction is complete. Approval by the Board to write off the three loans totaling $46,637.30 of Lingerie in Melfort, now that all inventory is sold, and any claims through the bankruptcy of client and guarantor have been finalized.

NEWSASK GOALS AND OBJECTIVES Mission Statement: -. For the last 25+ years, we have been here to enhance the economic development of our communities by assisting rural businesses start, expand and grow, through financial and technical services.

Goals: Newsask CFDC will

1. Maintain & Increase Lending Volume

2. Maintain and Expand Programs and Revenues from other sources

3. Increase and Maintain Youth Engagement

4. Board and Staff Development



Initial Inquiries FISCAL YEAR NON SEB SEB TOTAL

APR 90 – MAR 91 128 49 177

APR 91 – MAR 92 191 96 287

APR 92 – MAR 93 324 203 527

APR 93 – MAR 94 490 257 747

APR 94 – MAR 95 488 210 698

APR 95 –MAR 96 497 145 642

APR 96 – MAR 97 502 198 700

APR 97 – MAR 98 659 152 811

APR 98 – MAR 99 694 182 876

APR 99 – MAR 00 797 39 836

APR 00 – MAR 01 *1,151 9 1,160

APR 01 – MAR 02 *1,806 22 1,828

APR 02 – MAR 03 *1,196 20 1,216

APR 03 – MAR 04 *2,409 18 2,427

APR 04 – MAR 05 *2,480 27 2,507

APR 05 – MAR 06 417 + *56,145 12 56,574

APR 06- MAR 07 557 + *14,830 11 15,398

APR 07 – MAR 08 667 + *17,882 14 18,563

APR 08 – MAR 09 302 + *19,519 9 19,830

APR 09 – MAR 10 521 +13,585 19 14,125

APR 10 – MAR 11 1109 + 33711 11 34,831

APR 11 – MAR 12 942 + 39,283 4 40,229

APR 12 – MAR 13 421 + 57,152 4 57,577

APR 13 – MAR 14 461 + 52,238 3 52,702

APR 14 – MAR 15 243 + 50,129 2 50,374

APR 15- MAR 16 524+ 44,933 6 45,463

APR 16- MAR 17 359 + 3,322 3 3,684

APR 17- MAR 18 260 + 26,170 4 26,434

APR 18 – MAR 19 188 + 16,170 0 16,358

APR 19 – MAR 20 169 + 30222 30,391

TOTAL 496,243 1,725 497,968

*Includes successful hits on Website



2012-2013 Visits WEB SITE Facebook Kijiji CF Website Total 57,843 628 1,025 -

2013-2014 Visits WEB SITE Facebook Kijiji CF Website Total 52,238 1,941 713 15,838

2014-2015 Visits WEB SITE Facebook Kijiji CF Website Total 50,129 30,281 298 19,550

2015-2016 Visits WEB SITE Facebook Twitter CF Website Total 44,933 Not Tracked 5,514 44,933

2016-2017 Visits WEB SITE Facebook Twitter CF Website Total 3,322 Not Tracked 5,098 3,322

2017-2018 Visits WEB SITE Facebook Twitter CF Website Total 26,170 Not tracked 1,327 26,170

2018-2019 Visits WEB SITE Facebook Twitter CF Website Total 16,170 246 7,811 111,387

2019-2020 Visits WEB SITE Facebook Twitter CF Website Total 30,222 273 not tracked 32,321

Newsask is now under the CFS Website where all the CF’s in Saskatchewan information are tracked. The web site hits are much lower, due to the following: One of the challenges with Google's stats as, in many cases, a percentage of hits are from bots that may no longer be active, or bots that Google finally created filters/blockers for us. Our best bet would be to filter hits by geolocation/country at the very least to provide a more accurate representation ... a lot of bots tend to come from Eastern European countries. The staff have the instructions how to obtain this information through google analytics. (Definition of bot: An Internet bot, also known as web robot, WWW robot or simply bot, is a software application that runs automated tasks (scripts) over the Internet.)



TECHNICAL SERVICES

Technical services are an integral part of Newsask’s day-to-day activities. The service includes development of business plans, assessment of the viability of a business proposal; financial projections; computer services; bookkeeping assistance; guidance and liaison to other assistance programs (private or government); analysis of financial information of existing businesses; advice on legislative and regulatory requirements for business; management assistance; monitoring and support. Access to a large library of business resource materials, publications, audio and video programs and books are a great source of information for many clients. We utilize Square One regularly and PCensus information to assist clients with their business plans and feasibility. Twelve E-books are listed on our webpage that are free of charge to the client’s that provideinformation on different business topics. An area of increased activity for CFDC staff isclient counseling and business training. A service that is provided is a “business review”.Philosophy- Provide a business review as a business retention strategy and to enhanceand ensure success of the business.

In 2019/20 technical services created and maintained twelve full-time jobs and levered 753,500 in the Region. Newsask staff prepared a total of twenty-one business plans in the past fiscal year. Staff performed counseling and research activities for an additional 329 clients. In addition, Newsask was very active in Community Development Activities/Projects leveraging $30,147. in the region.

The following are some of the activities that staff and the Board of Director’s have participated in during the fiscal year:

May 2019: • SEDA “Intersections for Growth Conference” in Regina• CFS Meeting May 17, 2019• Janke LLP Annual Audit• YBEX Awards in Tisdale• Yellow Quill Career Fair cancelled due to death of elder

June 2019: • Star City School field trip to office to talk about Business Plans/YBEX• NESEP Board Meeting• Regional EDO Committee Meeting• Newsask Annual General Meeting• Pipeline Conference in Saskatoon

August 2019: • Lenders Luncheon – Newsask Library with Clarence Campeau Organization



September 2019:

• Managers Meeting in Saskatoon • Regional EDO Meeting 1000 Miles of Snow

October 2019

• Challenge for Communities project • Darren Lang – Staying up in an Upside Down World” Stress Workshop in Tisdale

November 2019: • 1000 Miles of Snow meeting • Board Module Training, Modules 6 and 13 for Board Members

December 2019: Brooks Mack Training in Saskatoon January 2020:

• Gronlid – School YBEX Workshop

February 2020: • Saskatoon Training for all staff • Managers Meeting in Saskatoon • Porcupine Plain – YBEX workshop at High School • Challenge 4 Community cheque presentation and meet with youth elders at

James Smith Cree Nation and in Melfort at Northeast Christian Academy and Northeast SPCA.

• Hudson Bay Composite High School – YBEX workshop • Tisdale Cumberland College YBEX Workshop • Hudson Bay Cumberland College workshop • Carrot River Cumberland College workshop

March 2020: • Career Fair Melfort – cancelled due to COVID



NEWSASK SUMMARY OF ACTIVITIES

90/00 0/10 10/11 11/12 12/13 13/14 14/15 15/16

16/17

17/18

18/19

20/21

Total

Business Plans Prepared 388 291 33 25 24 27 18 27

15

10

18

19

895

Loans Processed

(disbursed) 211 96 13 16 12 10 14 17

11

12

10

15

437

SEB Clients 154 79 11 8 4 2 2 6

3

4

0

0

269

Funds Leveraged

(All Programs)

$20,

617,

131

$9,7

03,6

03

$832

,800

$675

,565

$2,9

5450

0

$1,0

27,4

60

$610

,207

487,

780

305,

000

105,

000

2,26

4,06

0

783,

647

1,17

9,47

8.06

Training & Research

Clients 1,298 6340 798

1008

1609

1,91

6

2091

524

275

500

596

548

17,2

54

Community Development

Activities 625 1056 115 122 83 93 88 61

14

93

104

48

2502

1990 – To March 31, 2000 combined as one total



Observations That May Affect Activity

• We no longer consider ourselves a last resort lender and have become more of a partner with lending institutions, real estate agencies, insurance agencies, accountants etc. We have lent out over $15,695 million and levered $41,753 million in the region which confirms that we are an effective partner with other lending institutions and communities in business development.

• “Eighty percent of businesses fail in the first five years. By contrast, eighty percent of businesses that have participated in a business competition succeed after five years.”1Horizons Magazine Volume 1, Issue 2, 2011 (Regina Regional Opportunities Commission). Accordingly, the Board continues to support the Youth Business Excellence Awards in the region.

• Encouraging clients to take Go Forth Institute online training which is the first integrated online business training offered for entrepreneurs. The client learns 100 Essential Small Business Skills in 10 web video modules.

• CFP (Community Futures Performance) report round 8 (2010-2015) completed February 2019. This report is a continuation of a performance measurement strategy used to evaluate Community Futures (CF) loan client success by comparing several indicators of business success with results from comparable firms for the period 2010 to 2015. These indicators include industry concentration, employment growth, firm longevity, sales growth, and labour productivity growth, which are measured using data obtained from Statistics Canada.

• It should be noted that CF loan clients rebounded from recessionary impacts following the financial crisis of 2008 better than similar firms that did not receive CF lending. Year by year, CF assisted firms also proved capable of outperforming comparable firms in both business survival rates and year-to-year sales growth. Further analysis should continue to evaluate how each group performs over time, and whether or not the trends will deviate with time.



INVESTMENT FUNDS Newsask had fifteen loan applications approved in 2019/20, equating to $1,047,944 with $120,000 of that withdrawn. As of March 31, 2020, fifteen new loans had been disbursed in the amount of $1,049,944.08. These loans created and maintained 12 equivalent jobs. In analyzing the loans approved this year, two loans were repeat clients.

As at: March 31, 2020

Non Repayable Investment Fund

Repayable Investment Fund

Disabilities Investment Fund Total

Total Investment Fund Assets at end of year $2,736,068 $846,408 $314,963 $3,897,439

Cash on Hand (before commitments) $560,603 $ 252,078 $ 256,013 $1,068,694

Loan Commitments $ 0 $0 $0 $0

Balance to Lend Out $560,603 $ 252,078 $256,013 $1,068,694

Loans Receivable at Year End $2,580,195 $770,387 $ 59,098 $3,409,680

CFS Lending Pool $0 $0 Allowance for Doubtful Accounts at Year End $ 436,835 $ 163,572 $1,823 $ 602,230

Bad Debt Expense for Fiscal Year End $ 101,974 $ 32,650 $1,823 $ 136,447



Non Repayable Investment Fund

Repayable Investment Fund

Disabilities Investment Fund Total

# of Loans Disbursed 15 0 0 15

Value of Loans Disbursed $1,049,944 $0 0 $1,049,944

Number of FT/PT Jobs Created or Maintained 12 0 0 12

Funds Leveraged $753,500 $ 0 $0 $ 753,500



NEWSASK COMMUNITY FUTURES DEVELOPMENT CORPORATION FOR PERIOD FROM APRIL 1, 1990 – MARCH 31, 2020

INVESTMENT FUND AND TECHNICAL SERVICES STATISTICS APR/19 TO

MAR/20 APR/90 TO MAR/19

A) Number of businesses started and operating through investment, SBLA, or technical services. 10 764 B) Number of full-time jobs actually created or maintained through businesses started because of disbursed loans or technical services.

12 1,230

C) Number of part-time jobs actually created or maintained through businesses started because of disbursed loans or technical services.

0 562

D) Number of loans and LOC’s approved 15 524 E) Number of loans and LOC’s disbursed. 15 396 F) Total dollar value of loans approved. $1,047,944 $21,963,956 G) Total dollar value of loans actually disbursed. $1,049,944 15,695,462 H) Months of Operation. 12 360 I) Operating dollars committed to program. $297,669 $7,976,544 J) Average dollar amount for each job created. Calculated by dividing total operating dollars plus loan loss by total jobs FT/PT created/maintained. (I +N) / (B + 1/2C).

$44,888 $7,775

K) Total funds levered by technical services or loans disbursed. $753,500 41,068,644 L) Average dollar amount of each loan disbursed. (G/E) $69,996 $39,635 M) Total number of volunteers serving as Board Members. 9 237 N) Total loan loss for period, principal only. $240,996 $1,587,543 O) Percent loan loss (N/G) 22.9 % 10.11% P) Average Investments per job created (G/(B+1/2C)) 87,495 12,760



Q) With the New reporting to WD they are requesting number of contacts the calculations from the WD quarterly reports state Number of clients served

169 328,478

R)Web Site Hits 30,222 120,817

Note: Statistics include loans, technical services, projects & leveraged funds from loans, as well as technical services that resulted in the client to obtaining, the funds from another financial institution.



SELF-EMPLOYMENT PROGRAM - ASSESSMENT & TRAINING As of 1999 the Self Employment Benefit Program (SEB) was transferred from the Federal Government to the Provincial Government. Guidelines and criteria have been developed and as such, the program has been altered once more and is now called Self Employment Program – Assessment and Training. As a result, Newsask’s role has changed to provide assessments, monitoring, & mentoring of the clients, while the program is administered by Saskatchewan Ministry of Immigration and Career Training.

The new Self Employment Program objectives are to provide two referred potential entrepreneurs who have participated in a detailed assessment by Canada/Saskatchewan Labour Market Services and been screened and determined that they qualify for the program before being referred to Newsask business consulting, counselling, and training services leading to development of a business plan and operation of a business. Since the changes in the Program, Newsask has seen a dramatic decrease in the number of people entering the program. In this fiscal year, no clients were interviewed, last year two were interviewed but neither went through with the program.

Since commencement of the program in July 1992, Newsask has assisted in training clients to start 250 businesses in Northeast Saskatchewan. These starts created 213 full-time and 142 part-time jobs. Fifty-Six of the SEB clients have accessed funding from Newsask during this period.

Clients are referred to the program from a variety of agencies/corporations throughout the region. As well, services are advertised through promotional brochures, newspapers, radio ads and presentations made to community groups and associations. The utilization of a webpage and face book is another source of advertising.

As part of the process, Newsask assists SE participants with training offered through the GoForth Institute or participate in video-conferencing offered through Newsask on topics relevant to Self_Employment. Participants will be introduced to and encouraged to use the following resources as they apply to operation of their business: National Job Bank and Saskatchewan Labour Standards information.

Participants initiating self-employment gain the skills to write a business plan and if feasible, start a business. Participants will be provided mentorship on an on-going basis to transition into self employment as well as support costs.

Newsask Community Futures Development Corporation is committed to assisting business growth in North East Saskatchewan and will therefore continue to provide technical and advisory assistance to Self Employment participants after they have completed the Self Employment Program.



SELF-EMPLOYMENT PROGRAM STATISTICS April 1, 1992 – MARCH 31, 2020

APR/19 TO MAR/20

JUL/92-MAR/20

A) Number of SE client started. 0 237

B) Number of businesses started. 0 250

C) Number of businesses still operating from originalnumber started (Fulltime & Part-time). 0 Unknown

D) Percent of Businesses still operating. 100% Unknown

E) Number of full time jobs originally created. 0 212

F) Number of part time jobs originally created. 0 141

G) Total jobs created (E + F). 0 353

H) Number of SE clients accessing funding from CFDCInvestment Fund. 0 55

I) Total dollar value of loans disbursed to SEclients.$0 $1,493,631

J) Months in operation. 12 269

K) Operating dollars committed to the Program. $2,789 $1,044,403

L) Total benefit costs for all EI clients. Unknown Unknown



M) Average benefit cost per client (M/A). Unknown Unknown

N) Average cost per job Created ((L+M)/G) Unknown Unknown

O) Total funds levered by SE Activities. $0 $5,185,841



NEWSASK STATISTICS ZONE BY ZONE FOR THE PERIOD APRIL1, 2019TO MARCH 31, 2020

LOAN PORTFOLIO ONLY

Board Mem/Zone

# OF LOANS DISBURSED SEP STARTS

BUSINESS PLANS

PREPARED $ LOANS

DISBURSED

TOTAL FT/PT JOBS CREATED/

MAINTAINED

TOTAL FUNDS

LEVERAGED

Bishoff ZONE 1 0 0 0 $0 0 $0

Lindsay ZONE 2 3 0 4 $222,300 3. $411,000

Klyne ZONE 3 4 0 3 $332,761 2. $10,000

McMunn ZONE 4 5 0 6 $207,183 4 $ 42,000

Cleaveley ZONE 5 1 0 4 $150,000 1 $150,000

Berg ZONE 6 0 0 0 $0 0 $0

Len ZONE 7 0 0 1 $0 0 $

Vacant ZONE 8 2 0 2 $137,700 2 $140,500

Holowatuik ZONE 9 0 0 1 $0 0 $0

TOTAL 15 0 21 $1,049,944 12 $ 753,500

2017/2018 Annual Report


NEWSASK COMMUNITIES AND THEIR POPULATION (2006 and 2011 Census; Statistics Canada)

(June 30, 2015; Ministry of Health*)

Zone #1: 2016 2015* 2011 2006 Village of Cumberland House 671 815 772 810 Cumberland House Cree Nation 795 792 715 595 Total Zone #1: 1,466 1,607 1,487 1,405

Zone #2: 2016 2015* 2011 2006 Village of Aylsham 65 131 71 92 Town of Arborfield 312 466 326 329 Town of Carrot River 973 1,658 1,000 941 Village of Zenon Park 194 273 187 192 RM of Arborfield 343 148 453 429 RM of Moose Range 1,000 448 1,131 1,806 Total Zone #2: 2,887 3,124 3,168 3,789

Zone #3: 2016 2015* 2011 2006 Town of Choiceland 359 547 381 346 Village of Codette 198 396 205 221 Village of Love 50 115 65 55 Town of Nipawin 3,989 5,600 4,265 4,076 Village of Smeaton 182 285 181 183 Village of White Fox 355 627 364 348 RM of Nipawin 1,004 323 1,030 1,151 RM of Torch River 1,471 827 1,468 1,559 Red Earth Cree Nation 334 1,054 389 383 Shoal Lake Cree Nation 424 514 622 545 Total Zone #3: 8,366 10,288 8,970 8,867

Zone #4: 2016 2015* 2011 2006 Village of Beatty 60 57 63 61 Town of Kinistino 654 823 743 643 City of Melfort 5,778 6,590 5,576 5,192 Town of Star City 387 631 460 428 Village of Weldon 197 226 196 205 RM of Star City 918 392 911 936 RM of Flett Springs 732 373 751 736 RM of Kinistino 554 657 531 713 James Smith Cree Nation 743 1,289 674 708 Total Zone #4: 10,023 11,038 9,905 9,622

Zone #5: 2016 2015* 2011 2006 Town of Tisdale 3136 4,021 3,180 3,000 Village of Ridgedale 55 82 80 66 Village of Valpraiso 15 RM of Tisdale 911 502 916 919 RM of Connaught 586 591 629 656 RM of Willow Creek 630 716 693 719 Kinistin Saulteaux Nation 321 400 365 271 Total Zone #5: 5,654 6,312 5,863 5,631

Zone #6: 2016 2015* 2011 2006 Village of Lake Lenore 284 Town of Naicam 661 896 686 690 Village of Spalding 244 367 242 237 Village of St. Brieux 667 857 590 492 Village of Pleasantdale 76 RM of Spalding 453 211 447 425 RM of Pleasantdale 596 407 611 607 RM of Lake Lenore 587 Total Zone #6: 3,568 2,738 2,576 2,451

Zone #7: 2016 2015* 2011 2006 Village of Archerwill 166 453 200 185 Village of Fosston 45 93 55 55 Town of Kelvington 834 1,095 864 866 Town of Rose Valley 282 542 296 338 RM of Kelvington 398 167 499 514 RM of Ponass Lake 422 199 527 618 RM of Barrier Valley 431 211 498 576 Yellow Quill First Nation 50 659 547 420 Total Zone #7: 2,628 3,419 3,486 3,572

Zone #8: 2016 2015* 2011 2006 Village of Bjorkdale 201 354 199 201 Village of Mistatim 101 180 73 89 Village of Weekes 40 164 42 55 Town of Porcupine Plain 862 1,374 855 783 Village of Carragana 39 57 - - RM of Porcupine

803 392 920 949

RM of Bjorkdale 851 363 900 997 Total Zone #8: 2,897 2,884 2,989 3,074

Zone #9: 2016 2015* 2011 2006 Town of Hudson Bay 1,397 2,363 1,504 1,646 RM of Hudson Bay 1,114 716 1,122 1,359 Total Zone #9: 2,511 3,079 2,626 3,005

Total Newsask Population: 2016 2015* 2011 2006 40,000 44,489 41,070 41,416

2017/2018 Annual Report


0

2000

4000

6000

8000

10000

12000

Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Zone 9 Years

Population of the Newsask Region

2015 2011 2006

30

Nipawin

Cumberland House

Naicam

Hudson Bay Melfort

Porcupine Plain

Kelvington

Tisdale

Zenon Park

1

2

3

4

5

7 6

8

9

Z O N E S

64 Loans $332,761 ÷ 3,248,333 = 10.2%

Population 8,366

14 Loans $147,844 ÷ 400,032 = 36.96%

Population 1,466

20 FT, 9 PT Created 7 FT, 2 PT Maintained $214,664 Leveraged

134 FT, 68 PT, 13 S Created 40 FT, 10PT, 8 S Maintained $4,211,251Leveraged

35 Loans $109,290 ÷ 1,032,943 = 2.03%

Population 2,511

71 FT, 31 PT Created 16 FT, 2PT Maintained $1,160,398 Leveraged

32 Loans $137,700÷ 1,164,686 = 11.8%

Population 2,897

46 FT, 13 PT, 8 S Created 10 FT Maintained 2 S Maintained

$1,320,028 Funds Leveraged

15 Loans $43,420 ÷ 408,926 = 10.6%

Population 3.568

15 FT, 4 PT 2 S, Created

1 FT, 1 PT Maintained $374,510 Leveraged

42 Loans $222,300 ÷ 1,697,213 = 13.09%

Population 2,887

102 FT, 57 PT, 2S Created 18 FT, 5PT 3S Maintained $5,233,515 Funds Leveraged

89 Loans $207,183÷ 3,199,181= 6.4%

Population 10,023

130 FT, 62PT, 4S Created 55 FT, 5 PT Maintained $2,486,791 Leveraged

27 Loans $52,733 ÷ 1,075,060= 4.90%

Population 2,628

56 FT, 30 PT, 4S Created 11 FT, 4 PT Maintained $1,151,746 Leveraged

70 Loans $150,000÷2,191,313 = 6.8 %

Population 5,654

138FT, 27 PT, 3S Created 58 FT, 6 PT, 2S Maintained

$4,475,858 Leveraged

LoansDisbursed

& Bad Debt

April 1990 – March 2020

Total Principal Written Off $1,587,543

Bad Debt Expense 10.11%

TOTAL

396 Loans

Disbursed Total $15,695,462

$21,117,824 Leveraged Dollars (loan

services only) 1807 FT Jobs & PT and Seasonal Jobs Created/Maintained

Arborfield

Population figures based on 2016 Ministry of Health– total for the region is 40,000

Documents

ANNUAL REPORT APRIL 1, 2019 TO MARCH 31, 2020 · 2019-2020 Annual Report . Community Futures Newsask . 1 . ANNUAL REPORT . APRIL 1, 2019 TO MARCH 31, 2020 . Prepared: May 14, 2020