University
of
Annual
Saskatchewan
Report
2003/04
D
I
S
C
O
V
E
R
Y
F a s t
F a c t s
2 0 0 3 / 0 4
Mission Statement:
The University of Saskatchewan belongs to
the people of Saskatchewan. As an academic community, our mission is
to achieve excellence in the scholarly activities of teaching, discovering,
preserving and applying knowledge.
History
Research
University established – 1907
Number of U of S affiliated Nobel Prize winners – 2
Number of Rhodes Scholars – 69
Colleges – 13 (Agriculture, Arts & Science, Commerce, Dentistry,
Education, Engineering, Graduate Studies and
Research, Kinesiology, Law, Medicine, Nursing,
Pharmacy & Nutrition, Veterinary Medicine &
Extension Division)
Affiliated, federated or virtual colleges – 7
Research funding – $107.1 million
Canada Research Chairs awarded to the U of S – 31
Current Canada Research Chairs filled – 19
Number of U of S spin-off companies – 32
Total Government of Canada grants and contracts – $55 million
2003/04
Students
Total student headcount (full time and part time) – 19,633
Number of countries represented by student body – 87
Number of degrees granted – 3,673
Tuition and fees (full time Arts student) – $4,476
Percentage of operating budget from tuition revenue – 30%
Campus and Community
Replacement value of buildings & capital facilities – $1 billion
Total Revenue – $566.6 million
Operating budget – $258 million
Number of Innovation Place tenants – 127
Number of employees – 7,309
Annual University Library acquisitions budget – $6.45 million
Printed volumes owned by Library – 1.871 million
Number of volumes added to Library annually – 20,000
Honorary Degrees
Fall 2003 – Catriona Le May Doan
Spring 2004 – Dr. Dafydd Rhys Williams, Dr. Marcel A. Baltzan,
Dr. Rajendra K. Sharma
T a b l e
4
o f
Messages
C o n t e n t s
15 The Place & The People
Chancellor
Chair, Board of Governors
President
5
PAC Draws a Crowd
New Parkade Will Ease Campus Traffic
Planning for the Future
Other Major Capital Projects
University of Saskatchewan
Integrated Plan 2003-07
A Framework for Action – Discovering our blueprint
for success
7
Reconstructive Surgery – Discovering our future in our
past
16 The Innovation Cluster
Seeing the Light - Discovering the power of
collaboration
Learning
First Light
VIDO Launches New Era
The Knowledge-Based Economy Right Here, Right Now
On Top Of It – Discovering circumpolar learning
You’re Hired!
Amelia Earhart Fellowship
Setting the Agenda
9
18 Performance Indicators
Research
Strategic Direction #1
The Consumer’s Pulse – Discovering a tasty alternative
Strategic Direction #2
Other 2003/04 Appointed Canada Research Chairs
Twice as Nice
New Director of Research Services appointed
History & Treaty Debate
Strategic Direction #3
– Attract and Retain Outstanding Faculty
– Increased Commitment to Research
– Establish U of S as a major presence in graduate education
Strategic Direction #4
– Recruit and retain academically promising body of students
11 Supporting Students
Working with a Net - Discovering identity through
community
The Name Says It All
Scholarship Has Its Rewards
A PAWSitive Success
13 Community Connections
20 Financials
22
Financial Highlights
26
26
27
30
42
Statement of Administrative Responsibility for Financial Reporting
Auditor’s Report
Consolidated Statement of Financial Positions
Notes to the Consolidated Financial Statements
Schedules to the Consolidated Financial Statements
West Side Story - Discovering the home of public health
Extending our Community
Playing on Art….
Métis History & Culture Lives Online
46 Board of Governors
46 Officers of the University
47 Campus Map
M e s s a g e s
C h a i r, B o a r d
of Governors
Chancellor
4
U
I
am often asked what
it means to be the
Chancellor of the
University of
Saskatchewan. There
is, of course, the
symbolic aspect to the
role, the function that
defines our relationship
with the wider
community. There are
the more practical
aspects, as Chair of the
Senate and as a
member of the Board
of Governors.
Those are my defined
roles as Chancellor.
What it means to be
Chancellor goes much
deeper. It is an
opportunity to serve
an institution I believe in, one that has helped
shape my life as well as this community, this
province and indeed this country. It means
being a part of a long tradition of quality
education and research that has bettered the
lives of people around the world through new
ways of thinking about age-old questions.
And, it means having the opportunity to meet,
face-to-face, many of the amazing graduates
that begin their voyages of discovery at the
U of S.
Please join me in offering congratulations
to the people that make the University of
Saskatchewan a place I am proud to be
associated.
Tom Molloy, Chancellor
niversities are operating in an
increasingly competitive environment,
nationally and internationally. I believe
competition is energizing – and I have seen
this energy building across campus: in our
researchers who are breaking boundaries in
every discipline; in our students who are
absorbing new ways of thinking from some
of the best teachers in Canada; and in our
staff who have a renewed commitment to
achieving the goals outlined in the
Strategic Directions.
Perhaps the most important development
from the viewpoint of the Board of
Governors has been the formulation of the
University of Saskatchewan Integrated Plan
2003-07. This plan represents a change in
the way the University does business. As an
institution we are moving away from
traditional college-by-college planning to a
more university-wide way of allocating our
resources to best meet our needs and goals. This is an important
cultural shift that will not only allow us to compete with other
universities, but will give us the edge we need to ensure that the
University of Saskatchewan is an institution of truly national and
international reputation.
A recent survey of Saskatchewan residents indicates that the U of S
enjoys a very high level of support and regard across the province: in
fact, 90.4 per cent of respondents indicated that the University of
Saskatchewan has a positive public image. That is a phenomenal
number – and a number that carries a great deal of responsibility with
it. We must live up to the expectations of the people of Saskatchewan
by never losing sight of who we are, while remaining true to our sight
of who we want to be.
The Board of Governors remains steadfast in its commitment to
help the University of Saskatchewan take its place among the elite
institutions of the world. On behalf of the Board, I would like to thank
the University faculty, staff and students for making this an outstanding
year of achievement, and I look forward to the year ahead.
Gordon Thiessen, Chair
President
E
very year in this publication we highlight a small
selection of the many achievements that have taken
place at the University of Saskatchewan over the last 12
months. It has been a time of discovery, at every level.
Thanks to our students, scholars and staff this University
boasts an impressive resume of research breakthroughs,
teaching innovations and national awards.
While much has been said about the difficulties faced by
this country’s universities, I believe that it is time we
shift our focus to the positive intellectual, social and
economic contributions that post-secondary
education continues to provide, despite the reduction in
public investment. This year at the University of
Saskatchewan we’ve re-written the book on human
reproductive science, with Professor Roger Pearson’s
groundbreaking discovery about ovulation. We’ve
introduced our priceless Amati instruments to a new
audience with the appointment of the acclaimed
University of Saskatchewan Amati Quartet in Residence.
And we’re assisting even more students explore a new
world of learning with an increased commitment to
student support. The sciences, the arts, the social sciences – with every discovery
our faculty and researchers are changing the way we think about the world.
Much of the last year has been spent looking at who we are, and who we want
to be. The result has been the comprehensive A Framework for Action –
University of Saskatchewan Integrated Plan 2003-07. This Plan focuses on how to
best achieve our Strategic Directions while remaining true to spirit of our
founders and the people of this province.
I am very optimistic about the future of our University. We have outstanding
faculty, researchers and staff. We attract top-level students at both the
undergraduate and graduate level. We are undergoing a physical renewal,
encompassing a reverence for the past, with the College Building renovations,
and the potential of tomorrow, with the Canadian Light Source getting ready to
open its doors. And we have a proactive, positive and indeed aggressive plan
that will ensure we take our place among the world’s leading institutions.
It is with great pleasure that I present to you this Annual Report, a testimony to
both our past successes and our unlimited future.
Peter MacKinnon, President
U n i v e r s i t y
o f
S a s k a t c h e w a n
I n t e g r a t e d
P l a n
2 0 0 3 - 0 7
"The Integrated Plan is an attempt to engage the people of
Saskatchewan with the University and the University with the
people, to forecast how we can be of greatest service and
provide the greatest benefit to Saskatchewan, to Canada,
and to the world." A Framework for Action:
University of Saskatchewan Integrated Plan 2003-07
A Framework for Action –
Discovering our blueprint for success
After two years of extensive consultation, the University of
Saskatchewan approved its first-ever Integrated Plan, a
"framework for action" that will guide the University to
achieve its goal of being among the most distinguished
universities in Canada and the world.
The Integrated Plan combines academic and fiscal planning and
treats the entire campus as an organic unit, rather than as
individual colleges and divisions functioning separately from
one another. It emphasizes change, collaboration, and
community as the hallmarks for the University’s future, while
recognizing the importance of our current strengths.
Part of the planning process focused on establishing a set of
strategic initiatives, which build upon the University’s stated
Strategic Directions.
Six areas of concentration were
identified:
health; science, technology and society;
environment; business and entrepreneurship, extending
community; and public policy. Success in these initiatives will
move us closer to our goal of establishing the University of
Saskatchewan as one of Canada’s top ten research
universities, dedicated to international standards, known for
areas of academic pre-eminence, and committed to the future
of the Province of Saskatchewan.
The Integrated Plan also describes investment priorities and a
series of academic and administrative practices that need to be
optimized to ensure we make the best use of the resources
available to us.
The challenge for the coming year is to ensure that the
initiatives described in the plan are developed and
implemented so that the University continues to make a
difference to our constituents, both locally and globally.
For more information on integrated planning and the
University of Saskatchewan’s 2003-07 multi-year operating
budget
framework,
including
the
Foundational
Documents
used
in
the
planning
process,
visit
www.usask.ca/vpacademic/integrated-planning.
5
"The University of
Saskatchewan will
excel in policy,
trade and
business –
issues vital to
Saskatchewan and
environments like
it in the world."
Integrated Plan
2003-07
L e a r n i n g
On Top Of It –
Discovering circumpolar learning
Setting the Agenda
UArctic is an innovative concept. It seeks to create a strong,
sustainable circumpolar region by empowering northern
communities through education and shared knowledge, with a
strong focus on environmental and Aboriginal issues, including
indigenous tourism and Aboriginal self-government.
The New Media Consortium, a non-profit organization
dedicated to using advanced technology for post-secondary
teaching, has designated the University a world leader in the
application of technology to teaching. The U of S joins a list of
125 prestigious institutions including MIT and Harvard in a
vibrant community of international educational innovators.
In 2003-04, for the first time ever, U of S undergraduates had
the option of earning credits toward a Bachelor of Circumpolar
Studies (BCS). The UArctic undergraduate program is facilitated
through the U of S with Greg Poelzer, Associate Professor of
Political Studies, serving as the UArctic Dean of Undergraduate
Studies. According to Poelzer, "The idea is to get students from
Russia, Greenland, Alaska and Canada, for example, together
in a virtual classroom so they are able to build friendships,
exchange ideas and access information they wouldn’t have
otherwise."
The federal Department of Foreign Affairs and International
Trade has helped finance the development of the core courses
and supports the Dean’s office at the U of S.
You’re Hired!
No, it’s not a television show; it’s the real world. At the 40th
annual International Collegiate Business Strategy Competition,
hosted by the University of San Diego, the U of S College of
Commerce won first place, led by coach Professor Ayten Archer.
U of S students shone in other national and international
challenges as well, winning awards in prestigious mathematics,
engineering and accounting competitions.
Amelia Earhart Fellowship
U of S engineering grad student Jane Cavanagh joined an elite
group when she was honoured with a 2003 Amelia Earhart
Fellowship. Founded in 1938 to honour the groundbreaking
7
pilot, the award is presented annually to women pursuing
graduate degrees in aerospace sciences or engineering.
Cavanagh is the second U of S student to be awarded the
Fellowship, and one of only three women in Canada to receive
it in 2003.
The University of Saskatchewan has a strong sense of our place
in the world. We belong not only to Saskatchewan but also to
Western Canada, the Great Plains – and as residents above the
49th parallel, the North.
It is this commitment to
understanding and supporting the environment and people of
our Northern community that has driven the U of S to take a
leading role in the University of the Arctic.
Enrolment by College (Full-time and Part-time Regular Session Students)
COLLEGE
Agriculture
Arts & Science
Commerce
Dentistry
Education
Engineering
Kinesiology (previously Physical Education)
Law
Medicine
Nursing
Pharmacy & Nutrition
Physical Therapy
Veterinary Medicine
Unclassified Students
UNDERGRADUATE COLLEGE TOTAL
Graduate Studies & Research
Post Grad Clinical
Certificate/Diploma
TOTAL
1999/00
2000/01
2001/02
2002/03
2003/04
750
6,987
1,677
110
1,282
1,349
433
326
221
456
395
92
283
1,329
723
6,951
1,611
114
1,226
1,353
452
311
219
680
385
92
281
1,587
660
7,180
1,621
116
1,201
1,419
458
307
221
740
395
90
285
2,009
567
7,341
1,597
126
1,146
1,395
465
317
226
794
416
90
282
2,039
515
7,682
1,564
107
1,175
1,395
484
325
225
783
417
91
280
1,858
15,690
15,985
16,702
16,801
16,901
1,827
210
1,022
1,788
216
916
1,766
218
800
1,744
221
725
1,848
231
653
18,749
18,905
19,486
19,491
19,633
SOURCE: Fall Senate Minutes, October & Student Information System
"Many
universities
pursue science,
but comparatively
few focus in a
sustained, critical,
interdisciplinary
way on the
intersection of
science,
communities and
environment."
Integrated Plan
2003-07
R e s e a r c h
The Consumer’s Pulse –
Discovering a tasty alternative
For Ravindra Chibbar, crop quality lies with the taste of the
consumer. As the University of Saskatchewan’s Canada
Research Chair in Molecular Biology for Crop Quality, Dr.
Chibbar’s focus is on delivering superior quality pulse crops and
cereals that will give Canadian farmers an edge in the global
market.
Twice as Nice
The U of S is one of only four Canadian universities cited in
Discover Magazine’s list of Top 100 Science Stories of 2003, and
is the only Canadian university to appear on the list twice. The
two U of S scientists honoured were particle physicist Chary
Rangacharyulu, a member of a team that discovered a new
sub-atomic particle, and reproductive researcher Roger Pierson,
whose unit made a breakthrough discovery that may lead to
the design of more effective contraceptives and help
infertile women.
While Chibbar’s specialty is how plants make carbohydrates
such as starch, his work also has other applications. He and his
colleagues patented a genetic promoter (the part of a gene
that contains the information to turn the gene on or off) for
wheat that promises to be a powerful tool for variety
improvement.
New Director of Research Services appointed
What brought Dr. Chibbar to the U of S? "The close linkages
between crop breeders and basic molecular biologists makes
the crop improvement programs at the University of
Saskatchewan unique," he says. "Basic and applied science,
working side by side."
History & Treaty Debate
As of April 30th 2004 there are 19 Canada Research Chairs
actively working at the U of S. These individuals bring more
than vital funding support – they inject new ideas, insights and
energy into the campus community.
In September 2003, Bryan Schreiner joined the U of S as Director
of Research Services and Assistant to the Vice-President of
Research. Key among his duties is managing the Office of
Research Services, which administers more than $107 million in
annual U of S research funding.
U of S history professor Keith Carlson will be working
closely with Stó:lô elders in British Columbia in an effort to
better understand land negotiations in the province. The
research includes intergenerational memory, oral knowledge,
Oblate missionary records and an obscure pictographic
language journal. It is believed this research will help solve
questions about historical oral promises made between the
British government and the Stó:lô ancestors.
Other 2003/04 Appointed Canada Research Chairs
•
•
•
•
•
Federica Brandizzi – Plant Cell/Molecular Biology
Mark Partridge – The New Rural Economy
Ingrid Pickering – Molecular Environmental Science
Graham N. George – X-ray Absorption Spectroscopy
Thomas Haas – Life Sciences Related to Human Health
and Disease
Tri-Council, CFI and Gov’t of Sask research revenue:
(thousands of dollars)
NSERC
SSHRC
CIHR
CFI
Gov’t of Sask
2000-01
11,972
987
3,749
14,768
31,564
2001-02
10,554
1,765
5,519
20,183
37,795
2002-03
13,232
2,078
7,051
15,272
26,216
2003-04
19,095
7,415
8,496
11,964
23,388
9
"The University
of Saskatchewan
has emerged in
recent years as a
national and
international
leader in the field
of Aboriginal
research and
teaching."
Integrated Plan
2003-07
S u p p o r t i n g
Working with a Net - Discovering
identity through community
Aboriginal and non-Aboriginal stakeholders at the U of S have
joined together to establish a remarkable new initiative to
assist Aboriginal students in their transition from high school to
university.
The Aboriginal First Year Experience Program (AFYEP) is about
more than just individuals – it is about fostering a sense of
community among Aboriginal students on campus and
developing the role models and leaders of tomorrow. Program
facilitator Jamie Fiddler has traveled to schools, talked to tribal
councils, visited career fairs and connected with elders and
parents to create a far-reaching network of support for
Aboriginal first year students.
More than 60 students participated in AFYEP in 2003-04 and
that number is expected to double in 2004-05. Currently, there
are seven course options with an emphasis on math and the
sciences – courses that serve as a foundation for more
Aboriginal students to enroll in the professional colleges
including Engineering and Medicine.
"If we have Aboriginal and non-Aboriginal people
inter-connecting in a positive way to support the vision, the
program will carry itself into the future. It will be
self-sustaining because our graduates will become our mentors.
We could have a university transition program second to none
in Canada," Fiddler says.
When the first AFYEP graduates get their degree, Fiddler is
going to be there to give them a feather. It’s a symbol with
deep meanings in the Aboriginal community … not the least of
which is courage.
The Name Says it All
Student Central is everything the name implies. In one
location students can take care of student loans, class changes
and residence applications, get financial advice and academic
information, access employment services and ask any other
questions they may have. It is unique in its breadth of services
… and it is raising the bar on student-focused service at
universities across Canada.
S t u d e n t s
Scholarship Has its Rewards
University is an open door to opportunity and this year more
students will receive help in accepting the invitation to
discover their dreams. The University increased its commitment
to student assistance with a $500,000 investment in new
entrance scholarships and another $100,000 in new scholarships
and bursaries targeted to College of Agriculture students.
A PAWSitive Success
Technology is the cornerstone for student success in the 21st
century.
That’s why the University has undertaken a
number of new initiatives to ensure our students are at the top
of the technology curve. The University is working with IBM
Canada Ltd. to advance mutual interests in e-learning and
student mobile computing. The Si! (Student Information)
project is well underway and will streamline student
information and registration. And the PAWS online portal was
launched, providing students with a wealth of personalized
information with just a few clicks of the mouse.
11
"If the University
is to better
enable the
people of the
Province to meet
their goals, ideas
of extension and
outreach must be
reconsidered,
refined and
refocused."
Integrated Plan
2003-07
C o m m u n i t y
West Side Story Discovering the home of public health
The U of S College of Medicine is moving family medicine out
of the hospital and back into the community. In partnership
with the Saskatoon Health Region, the University’s new west
side Primary Health Centre will be a point of first contact for
people in one of the city’s most under-served areas.
Keith Ogle, Acting Head of Family Medicine at the U of S, is
excited about giving his residents an opportunity to get out of
the hospital and into the community. When the Primary Health
Centre opens in 2005, it will provide a new model for
interdisciplinary care around the province. By bringing a range
of health services together under one roof, it will be a central
resource for the community and enrich training for Family
Medicine residents, medical students and other health sciences
students.
According to Ogle, "The Primary Health Centre will put more
emphasis on health promotion, education and prevention. It’s a
concept that’s been in development a while, but it’s the primary
care team that gives our approach its ‘newness.’"
The Centre is part of the University’s pledge to bring
health-related teaching and research together in a more
focused and collaborative way to address the critical issues
facing our city, our province … and our country.
Extending our Community
The College of Agriculture has cultivated more than 90 years of
knowledge in dry land and sustainable farming practices. It is
knowledge earned through scholarship in one of Canada’s most
extreme climates … our own. Now the U of S is working to see
if our expertise can improve food security and living conditions
for farmers around the world with Canadian International
Development Agency (CIDA) supported projects in Mongolia
and Ethiopia.
C o n n e c t i o n s
Playing on Art….
How often do you get an opportunity to experience music
played on the world’s finest instruments? In 2003, the
University’s four Amatis - two violins, a viola and cello, were
brought out of their climate-controlled vaults to be enjoyed by
the community with the inaugural season of the U of S Amati
Quartet in Residence. It is the latest chapter in the
extraordinary history of instruments crafted over 300 years ago
by the famous Amati family.
Métis History & Culture Lives Online
Last autumn, the U of S contributed to the most comprehensive
attempt to chronicle traditional Métis history and culture on
the World Wide Web. The Virtual Museum of Métis History at
www.metismuseum.ca is a project of the Gabriel Dumont
Institute in partnership with the U of S Division of Media and
Technology.
13
"The quality of
the physical
development of
campus must
reflect the
strategic
priorities of the
University, convey
a sense of space
and pride of
place that reflect
excellence and
pre-eminence."
Core Area
Master Plan
T h e
P l a c e
Reconstructive Surgery – Discovering our
future in our past
The current physical renewal on campus, as set out in the Core
Area Master Plan, radiates out from our historical centre. As the
first structure on campus, the College Building has long served
as the architectural, intellectual and emotional heart of
campus.
The current $20.7-million renovation will help restore this
National Historic Site to its former glory, after having been
closed for several years due to structural weaknesses. The
integrity of the exterior, one of the finest examples of
Collegiate Gothic architecture in North America, will be
maintained, with the interior being rebuilt largely from the
ground up. The exception is Convocation Hall, the building’s
centrepiece, which is being restored rather than renovated.
This extensive project is one of the largest historical restoration
projects in the country and has been lauded for its innovative
techniques and its faithfulness to the original architecture.
The rehabilitation of the 92-year old College Building will be
completed in 2005, in time for Saskatchewan’s Centennial
celebrations. Receptions and recitals will bring the community
back to Convocation Hall. Visitors will be able to peruse the
Museum of Antiquities and some of the University’s
exceptional art collection in an historic setting. And teachers,
students and administrators can congregate once again in the
University’s celebrated heart of learning and inspiration.
PAC Draws a Crowd
It didn’t take U of S students, faculty and staff long to discover
the Campus Fit Centre in the new $33-million Physical Activity
Complex (PAC). In the first month alone, over 17,000 people
used the fitness centre. Officially opened in the fall of 2003, the
PAC is also home to the College of Kinesiology, Campus
Recreation, Community Service programs and Huskie Athletics.
New Parkade Will Ease Campus Traffic
A new $14.2 million parking structure being built on the south
side of College Drive will improve traffic flow on campus. The
five-story, 866 spot parkade is expected to open in the fall of
2004. When complete, the façade will feature traditional U of S
greystone and tyndal stone.
&
T h e
P e o p l e
Planning for the Future
The University of Saskatchewan is known as one of the most
beautiful campuses in the country – and to protect this, the
Facilities Management Division (FMD) has recruited Margret
Asmuss as a Sustainability Coordinator.
Other Major Capital Projects
• The $11.4 million Saskatchewan Structural Sciences
Centre was officially opened in Fall 2003.
• Construction and renovation of the Thorvaldson Spinks
Addition and 1924 wing are underway, with the latter
expected to be complete early 2005.
• Planning and design for the Western College of
Veterinary Medicine expansion is well underway, and
construction will begin summer/fall 2004. The planning
for the new INTERVAC facility (see page 16) and a unique
student-centred University Neighbourhood project is also
proceeding well.
• To facilitate better access to campus, a new eastern
entrance is being developed and will be complete by
September 2004.
• The Facilities and Infrastructure Management Plan has
been completed and presented to the Board. The Plan
inventories and assesses the condition of the operating
and cyclical renewal and deferred maintenance of all
campus assets.
15
T
h
e
I
n
n
o
v
a
Seeing the Light - Discovering the power
of collaboration
With SARS, mad cow disease and West Nile virus making headlines, Canada’s need for
more advanced research capacity has never been greater. The U of S is home to an
unparalleled "Innovation Cluster" including the Canadian Light Source (CLS), the
Vaccine and Infectious Disease Organization (VIDO) and Innovation Place, one of
North America’s most successful university-affiliated research parks. This grouping of
leading minds and technology uniquely positions the University to take a central role
in advanced research in health, science, technology and society.
The Canada Foundation for Innovation (CFI) recently announced an injection of $26
million into this cluster infrastructure. The funds support two major projects: North
America’s first biomedical imaging beamline at the CLS and Saskatchewan’s first Level
3 laboratories at the International Vaccine Centre (INTERVAC).
t
i
o
n
C
l
u
s
t
e
r
The INTERVAC project will be the province’s first Level 3 facility dealing with animal
and human diseases. The Level 3 designation means that the laboratories will be able
to deal with diseases such as AIDS, tuberculosis and hepatitis C that have far-ranging
effects on society.
The $61.8-million INTERVAC represents an international collaboration among VIDO,
the College of Medicine and the Western College of Veterinary Medicine, as well as
academic, research and government institutions in Canada and abroad. The highly
secure, multi-million dollar facility is expected to open in 2008-09 and will be
dedicated to protecting human and animal health from the threat of
emerging infectious diseases such as SARS, influenza and mad cow disease.
INTERVAC will also provide an enhanced training environment for a new generation
of U of S students, while supporting commercialization of U of S research.
The CFI is also supporting a new beamline at the CLS. The CLS, located on the U of S
campus, will greatly enhance Canada’s competitiveness in the knowledge-based
17
"The formation and maintenance of research
groups – an important structural
development – will be supported, and new
ways of improving the linkage between
research and teaching will be explored."
Integrated Plan 2003-07
global economy. The BioMedical Imaging and Therapy (BMIT) beamline represents a
major step in establishing the U of S as Canada’s leading centre for advanced medical
imaging research. BMIT will be unique in North America and one of only three such
beamlines in the world.
Dean Chapman, one of the world’s leading scientists in biomedical applications of
synchrotron radiation, was recruited from the Illinois Institute of Technology in
Chicago to lead the project. "BMIT will be the only biomedical imaging beamline in
the world located on a university campus. The synchrotron is literally a few minutes’
walk from the offices of people doing boundary-breaking research in human
medicine, veterinary medicine and pharmaceuticals," he says.
BMIT will yield incredibly detailed images of the body, offering a powerful new
diagnostic tool for vast array of medical conditions such as vascular and bone
diseases, and could potentially revolutionize cancer treatment.
The University of Saskatchewan Innovation Cluster – nowhere else in Canada can you
find such a unique and comprehensive array of scientific resources.
First Light ~ Christmas came early for staff scientists at the CLS. On December 10,
the diagnostic beamline recorded the first visible light – a milestone on the road to
full operation in 2004.
VIDO Launches New Era ~ The grand opening of the $19-million VIDO expansion
was cause for celebration. The added space and facilities have attracted more than
40 new research scientists and technicians, and enhanced VIDO’s capacity in genomics
and proteomics, needle-free vaccine delivery and food safety vaccine research.
The Knowledge-Based Economy Right Here, Right Now ~ Innovation Place,
North America’s most successful University-affiliated research park, contributed more
than $250 million to the provincial economy in 2003, an increase of 29 per cent over
the previous year.
P
e
r
f
o
18
Strategic Direction #1
– Attract and Retain Outstanding Faculty
Strategic Direction #2
– Increased Commitment to Research
r
m
a
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c
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I
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d
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t
o
r
s
19
Strategic Direction #3
– Establish U of S as a major presence in
graduate education
Strategic Direction #4
– Recruit and retain academically promising
body of students
"Our purpose here
is clear: to
become a more
responsive, more
flexible,
cost-effective, and
well-managed
institution."
Integrated Plan
2003-07
U
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v
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r
s
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y
21
o
S
S
a
s
k
F
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a
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f
c
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F i n a n c i a l s
Financial Highlights
22
For 2003/04 the University of Saskatchewan Consolidated Financial Statements
reflect revenue of $566.6 M. This represents an increase of 6% ($34.2 M) from
the previous year. Investment Income was a key factor, accounting for an
increase of $48.4 M from the previous year. Current year’s Investment Income
was $38.4 M, which compares to an investment loss of $10.0 M for the 2002/03
year. The investment income variance is attributable primarily to earnings on
long-term investments which includes investments in equities. Generally,
investments that generate superior returns over the long-term tend to be more
volatile in the short run. The University’s investment policies minimize this risk
with a well diversified portfolio that is utilized for assets with a long-term
investment horizon. Investments held for the long term are reflected primarily
in the Specific Purpose and Trust and Endowment Funds.
Other factors contributing to increased revenue for the year include student
fees of $5.9 M, and sales of services and products of $4.1 M. These revenue
increases were offset by a decrease in Government of Canada Grants and
Contracts of $19.2 M. This decrease is due to two factors: in 2002/03 a one-time
grant of $22.2 M was received from Ag Canada for the WCVM Infrastructure
project, and this decrease is partially offset by the grant received from SSHRC
for indirect cost of research funding of $4.5 M (no funds were received in the
prior year for this program). Gifts, grants and bequests also decreased, by
$3.3 M, caused by the timing of contributions for the CLS project.
Revenue from the Provincial Government (grant and contract revenue of
$231.7 M and including $15.4 M for sales of physician services reimbursed by
Medical Services Branch) accounts for $247.1 M, or 43.6% of total University
revenue. Government of Saskatchewan revenue increased slightly from the
prior year, by $0.2 M, but as a result of increases in other revenue components
(primarily investment revenue), the proportion of funding provided by the
Province has decreased by 2.8% from the previous year. Although total
provincial funding has remained relatively constant, there have been significant
changes within funding components. Learning - Other Grants (for Capital)
decreased by $5.9 M, funding for research decreased with a reduction in
Industry and Resources funding of $0.7 M, and agricultural research funding of
$0.8 M. These decreases were offset by increases in Health and Medical Services
Branch funding and by the operating grant increase of $4.6 M. This increase in
operating grant funding represents an increase of 3.06% over the previous
year, and is inclusive of economic adjustment, university funding mechanism
adjustment and targeted program funding.
Total revenue of $566.6 M is derived mainly from the sources shown, with
comparisons for the previous year.
Overall expenses have decreased by $5.4 M to $480.5 M. Salaries and benefits
continue to account for the largest component of all expenses, amounting to
about 66% of the total, which is consistent with previous years. Salaries and
Benefits expense decreased by $11.7 M: with salaries increasing by $18.1 M
(6.62%) and Benefits decreasing by $29.8 M (almost 50%). The decrease in
benefit expense is attributable to a decrease in post-retirement benefit cost.
Post-retirement and post-employment costs have decreased because of the
increase in investment returns of the University’s pension and long-term
disability plans. Significant expense components, net of internal cost
recoveries, are shown in the following chart.
General Funds
Revenues and related expenses are accounted for in separate funds in order to
recognize restrictions and objectives specified by donors, the Government of
Saskatchewan, other external agencies, or the Board of Governors.
General Funds (funds not subject to external restrictions) account for 72% of
University revenue, including the Operating Fund at 47%, Ancillary Fund at 7%,
and the Specific Purpose Fund at 18%. Revenue of the General Funds has
increased by $33.1 M, with $14.8 M reflected in the Specific Purpose Fund and
$17.2 M in the Operating Fund.
University programs and initiatives are often focused at the college level.
Revenues by type (e.g. Operating, Research, Other) are shown in the following
graph.
Revenue of the Operating Fund increased to $268.5 M. The operating grant
from the Department of Learning accounted for $155.5 M or 58% of operating
revenue. The operating grant for 2003/04 includes an economic increase of
3.0%, targeted funding of $.303 M (with funding provided for program
expansion in Nursing and Medicine), and a funding decrease of $0.507 M
reflecting an adjustment required pursuant to the Saskatchewan University
Funding Mechanism (SUFM) . Although full implementation of the SUFM, a
cost-based activity driven funding model, has occurred, University staff
continue to be actively involved with the Department in refining the model.
Student fees, accounting for 30% of operating revenue, increased for the year
by $5.3 M (7.1%). This revenue increase reflects continued application of the
national norm tuition policy, with a weighted average increase of 5.7% as well
as a slight enrolment increase in international students, and an increase in
credit unit assessments.
Grants and contracts from other governments is comprised of funding from the
other three western provinces. Funding has increased by $0.33 M in accordance
with the five-year inter-provincial agreement for funding the Western College
of Veterinary Medicine.
Investment income of $5.8 M has increased by $1.06 M from the previous year
and, in an environment of limited resources, it represents a significant portion
of operating revenue (2%). Operating Funds are invested in short-term and
mid-term investments. For 2003/04 short-term earnings have increased slightly
from the previous year, while mid-term earnings have increased significantly,
primarily because of market value adjustments in bond holdings. The
Operating fund balance has increased by $1.9 M for the year, primarily as a
result of increased investment earnings.
Operating Fund expense increases include those expenses required to keep
pace with salary settlements, associated benefit costs, plus increasing utility
costs. Operating expenses also include expenditures for renewal initiatives in
keeping with the priorities identified in the Strategic Directions statement.
Note the total College of Medicine revenues of $103.3 M for the year (18% of
total University revenue), followed by Arts and Science at $67.5 M (12% of
total), and Agriculture with total revenues of $37.8 M (7% of total revenue).
23
Some of the renewal initiatives undertaken in 2003/04 include:
•
Scholarship/bursary support was increased by $0.311 M, equivalent to 10%
of the projected tuition increase. Overall student aid support provided
through all funds continued to increase, and as a percentage of student
fees, the level of support grew to 18.5% for 2003/04.
•
In keeping with Department of Learning’s targeted approvals, $0.053 M,
and $0.250 M, were allocated to enhanced/expanded programs in Nursing
and Medicine respectively.
•
The Academic Priorities Fund was increased by $0.375 M to bring the total
annual allocation to $3.305 M. As at April 30, 2004, the bulk of these funds
had not been allocated on a permanent basis. Academic Priority funds will
act as a catalyst for University renewal and will be allocated to priorities as
determined through the Integrated Planning process.
•
Utility costs, primarily related to the operation of new buildings, continued
to increase, and an additional $2.553 M was allocated to meet estimated
costs. New Building costs include provision for the following facilities: Spinks
addition, VIDO expansion, Computer Science project and Physical Activity
complex.
24
The 2003/04 year is the first year in the four year planning cycle covering the
period 2003/04 to 2006/07. Most of the resource allocation and reallocation
decisions will be implemented over the last three years of the cycle. The 2003/04
Operating Budget provides a "status quo" budget designed to bridge the
University into the Integrated Planning process. A balanced budget for the year
was planned utilizing in part the following measures:
- an additional $1.5 M from the indirect cost fund recognizing those costs
incurred in support of research
- increased tuition revenue of $0.950 M to be generated from a planned
enrolment increase of 2%
- a levy on Colleges and units calculated at approximately 1% of college
and unit operating budgets, and estimated to provide $1.5 M
Restricted Funds
Restricted Funds carry restrictions on the use of resources for particular defined
purposes. They account for 27% of total University revenue and are comprised
of the Capital Fund at 3% of total revenue, Trust Funds at 5%, and Research
Fund revenue accounting for 19% of the total.
25
Capital fund revenue has decreased by $28.5 M to $17.3 M. Revenue for
2002/03 was unusually high, including a one-time payment from Agriculture
Canada of $22.4 M for an upgrade to the WCVM. Provincial funding for capital
decreased, by $6.4 M to $15.76 M. Provincial capital funding included $3.0 M
from the Education Infrastructure Financing Corporation (the final payment via
that funding mechanism), $10.82 M capital grant funding from the Department
of Learning and other Provincial capital funding in the amount of $1.94 M.
During 2003/04, as a means of funding university capital projects, the Province
authorized the University to borrow funds of $3.62 M for capital acquisitions.
The University utilized internal financing for this allocation. For 2004/05, the
university has again been authorized to borrow funds for capital, and the limit
has been increased to $4.7 M. In view of its urgent capital requirements, the
University will be incurring debt without the Province’s guarantee of funding
for on-going repayments of associated principal and interest.
Research fund revenue has decreased for the year by $8.7 M, from $115.8 M in
2002/03 to $107.1 M in the current year. The CLS project continued to have a
significant impact on total research revenue with approximately $15 M received
as contributions to CLS. Government of Canada funding increased by $4.2 M
reflecting increases in CIHR of $1.5 M, NSERC of $5.9 M and a decrease in CFI
funding of $3.3 M. SSHRC funding also increased, by $5.3 M, which included a
payment of $4.5 M in support of indirect cost of research. This funding support
is expected to continue, however, an equivalent payment was not received in
2002/03. Government of Saskatchewan revenue decreased by $2.8 M, (with
most of the decrease related to CLS), and revenue reflected as other gifts,
grants and bequests also decreased by $7.8 M. Total research revenue of
$107.1 M is derived from the sources shown, with the Governments of Canada
and Saskatchewan contributing 73% of our research funding (up from 66% last
year).
Trust and Endowment Funds
Trust fund investment revenue was $24.4 M for the year, compared to an
investment loss of $12.0 for 2002/03. Trust and Endowment contributions in the
amounts of $4.6 M and $4.2 M were received, (this compares to $4.2 and $2.8
for 2002/03). Endowment Funds increased by $24.7 M for the year, and for the
10-year period shown, Endowment Funds have grown from $35.1 M in 1994/95
to $127.3 M at April 30, 2004. This growth reflects contributions over the
period, as well as investment earnings retained for preservation of the
purchasing power of endowment funds.
Statement of Administrative Responsibility for
Financial Reporting
26
The administration of the University is responsible for the preparation of the
consolidated financial statements and has prepared them in accordance with
Canadian generally accepted accounting principles. The administration
believes that the consolidated financial statements fairly present the financial
position of the University as of April 30, 2004, and the results of its operations
and the changes in its fund balances for the year then ended.
In fulfilling its responsibilities and recognizing the limits inherent in all systems,
the administration has developed and maintains a system of internal controls
designed to provide reasonable assurance that University assets are
safeguarded from loss and that the accounting records are a reliable basis for
the preparation of financial statements. The integrity of the internal controls
is reviewed on an ongoing basis by the Audit Services Department.
The Board of Governors carries out its responsibility for review of the
consolidated financial statements principally through its Audit Committee,
which is a committee of the Board of Governors. The external and internal
auditors have access to the Audit Committee, with or without the presence of
the administration.
The consolidated financial statements for the year ended April 30, 2004 have
been reported on by the Provincial Auditor of the Province of Saskatchewan,
the external auditor appointed under The University of Saskatchewan Act,
1995. The Auditor’s Report outlines the scope of his examination and provides
his opinion on fairness of presentation of the information in the financial
statements.
Auditor’s Report
To the Members of the Legislative Assembly of Saskatchewan
I have audited the consolidated statement of financial position of the University
of Saskatchewan as at April 30, 2004, and the consolidated statements of
operations and changes in fund balances, and cash flows for the year then
ended. The University’s management is responsible for preparing these
financial statements for Treasury Board’s approval. My responsibility is to
express an opinion on these consolidated financial statements based on my
audit.
I conducted my audit in accordance with Canadian generally accepted auditing
standards. Those standards require that I plan and perform an audit to obtain
reasonable assurance whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation.
In my opinion, these consolidated financial statements present fairly, in all
material respects, the financial position of the University as at April 30th, 2004
and the results of its operations and its cash flows for the year then ended in
accordance with Canadian generally accepted accounting principles.
Fred Wendel, CMA, CA
Provincial Auditor
R.P. MacKinnon
President
A.J. Whitworth
Vice-President (Finance and Resources)
July 9th, 2004
Regina, Saskatchewan
July 9th, 2004
THE UNIVERSITY OF SASKATCHEWAN
Statement 1
Consolidated Statement of Financial Position
As at April 30, 2004
(thousands of dollars)
General
Restricted
Endowment
Total
2003
Total
Current Assets
Cash and short-term investments (Note 3)
Accounts receivable
Inventories
Prepaid expenses
$
63,380
15,429
9,177
1,289
89,275
$
71,418
3,806
51
75,275
$
4,635
59
4,694
$
139,433
19,294
9,228
1,289
169,244
$
162,172
21,269
9,087
1,112
193,640
Long-Term Assets
Long-term investments (Note 4)
Investment in affiliated entities (Note 5)
Other assets
Accrued post-retirement benefits (Note 6)
Capital assets (Note 7)
79,977
301
357
23,165
103,800
58,611
2,009
610,088
670,708
122,610
122,610
261,198
301
2,366
23,165
610,088
897,118
$ 1,066,362
$
985,450
$
$
42,026
$
193,075
$
745,983
$
127,304
$
26,366
$
11,591
$
-
229,600
302
2,356
21,314
538,238
791,810
Current Liabilities
Accounts payable and accrued liabilities
Accrued vacation pay and assisted early
retirement benefits
Unearned fees and other deferred revenue
Current portion of provision for claims payable (Note 6)
Current portion of long-term debt (Note 8)
37,957
11,360
3,000
1,372
66
42,164
44
259
11,894
-
11,404
3,000
1,372
325
54,058
10,929
3,646
1,219
306
58,126
10,788
335
3,759
14,882
4,970
4,970
-
10,788
5,305
3,759
19,852
10,734
5,177
5,006
20,917
64,337
71,692
136,029
124,261
604,858
729,119
127,304
127,304
251,565
64,337
604,858
71,692
992,452
250,329
61,166
532,887
62,025
906,407
127,304
$ 1,066,362
Long Term Liabilities
Provision for claims payable
Long-term debt (Note 8)
Accrual for assisted early retirement
Due to other funds
Fund Balances
Externally restricted funds
Internally restricted funds
Invested in capital assets
Unrestricted funds
$
193,075
$
745,983
Approved by the Board of Governors
Chair, Finance Committee
Vice-President (Finance & Resources)
The accompanying notes form an integral part of these Financial Statements.
$
$
985,450
27
THE UNIVERSITY OF SASKATCHEWAN
Statement 2
Consolidated Statement of Operations and Changes in Fund Balances
For the Year Ended April 30, 2004
(thousands of dollars)
28
General
Restricted
Endowment
Total
2003
Total
Revenues
Government grants and contracts
Government of Canada
Government of Saskatchewan
Other
Student fees
Gifts, grants and bequests
Sales of services and products
Income from investments
Real estate income
Miscellaneous income
$
2,403
192,499
11,142
82,136
14,773
90,435
12,946
1,078
1,295
408,707
$
54,994
39,156
2,925
29,140
784
25,427
141
957
153,524
$
4,178
58
129
4,365
$
57,397
231,655
14,067
82,136
48,091
91,219
38,431
1,219
2,381
566,596
$
76,588
232,321
15,513
76,206
51,344
87,111
(9,978)
919
2,374
532,398
Expenses
Salaries
Employee benefits
Operational supplies and expenses
Travel
Cost of goods sold
Equipment rental, maintenance and renovations
Utilities
Amortization
Scholarships, bursaries and prizes
Interest
Bad debt expense
Internal cost recoveries (Note 13)
251,576
27,385
51,442
7,027
16,566
15,265
18,048
9,854
65
461
(38,416)
359,273
40,349
3,861
31,861
4,179
1,480
20
36,706
5,321
469
2
(2,975)
121,273
Net revenues
Interfund transfers (Note 14)
49,434
(36,596)
Net increase in fund balances for year
Fund balances, beginning of year
12,838
123,191
Fund balances, end of year
$
136,029
The accompanying notes form an integral part of these Financial Statements.
$
5
5
291,925
31,246
83,303
11,206
16,566
16,745
18,068
36,706
15,175
534
468
(41,391)
480,551
273,808
61,047
79,352
11,241
16,593
16,944
16,742
30,330
13,479
414
340
(34,371)
485,919
32,251
16,263
4,360
20,333
86,045
-
46,479
-
48,514
680,605
24,693
102,611
86,045
906,407
46,479
859,928
729,119
$
127,304
$
992,452
$
906,407
THE UNIVERSITY OF SASKATCHEWAN
Statement 3
Consolidated Statement of Cash Flows
For the Year Ended April 30, 2004
(thousands of dollars)
General
Restricted
Endowment
Total
2003
Total
Operating Activities
Net increase in fund balance for year
Amortization of capital assets
Unrealized (gain) loss on investments
Decrease in post-retirement benefits
Net (increase) decrease in non-cash working capital
Cash generated from (used for) operating activities
$
12,838
(4,094)
(1,851)
(700)
6,193
$
48,514
36,706
(19,496)
(1,715)
64,009
$
24,693
(36)
4
24,661
$
86,045
36,706
(23,626)
(1,851)
(2,411)
94,863
$
46,479
30,330
23,303
30,615
6,649
137,376
Investing Activities
Purchase of investments (net)
Investment in subsidiary companies
Purchase of capital assets (net)
Cash provided by (used for) investing activities
(8,885)
(8,885)
21,742
(108,556)
(86,814)
Debt financing proceeds (repayments) (net)
Decrease in Assisted Early Retirement commitments
Decrease (increase) in other assets
Increase in long-term disability claims
Cash provided by (used for) financing activities
258
(1,247)
46
54
(889)
(130)
(56)
(186)
Net (decrease) increase in cash and short-term investments
(3,581)
(22,991)
Cash and short-term investments, beginning of year
66,961
94,409
(20,828)
(20,828)
(7,971)
(108,556)
(116,527)
2,683
22
(136,840)
(134,135)
-
128
(1,247)
(10)
54
(1,075)
(336)
(1,427)
(358)
964
(1,157)
3,833
(22,739)
2,084
Financing Activities
Cash and short-term investments, end of year
$
63,380
The accompanying notes form an integral part of these Financial Statements.
$
71,418
802
$
4,635
162,172
$
139,433
160,088
$
162,172
29
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
For the Year Ended April 30, 2004
(thousands of dollars)
30
1. Authority and Purpose
"The University of Saskatchewan" is a corporation operating under the
authority of The University of Saskatchewan Act, 1995, Chapter U-6.1 of
the Statutes of Saskatchewan. The primary role of the University is to
provide post-secondary instruction and research in the humanities,
sciences, social sciences, and other areas of human, intellectual, cultural,
social and physical development. The University is a registered charity and
is therefore exempt from the payment of income tax, pursuant to Section
149 of the Income Tax Act.
2. Summary of Significant Accounting Policies and
Reporting Practices
These financial statements have been prepared in accordance with
Canadian generally accepted accounting principles. The following
accounting policies and reporting practices are considered significant:
a) Basis of consolidation
The consolidated financial statements include the accounts of the
following entities:
• University of Saskatchewan Technologies Inc., a wholly owned
subsidiary of the University. The company’s mission is to evaluate,
protect and exploit University controlled intellectual property.
• Agricoll Research Investments Inc., a wholly owned subsidiary of the
University. Through Agricoll, the University of Saskatchewan
promotes and participates in research, education and technology
transfer related to the agriculture industry.
• University of Saskatchewan Crown Foundation, a non-profit entity
incorporated under the Crown Foundation Act of Saskatchewan.
The Foundation was created for the purpose of receiving gifts of
real and personal property and to provide transfers of property to
the University of Saskatchewan.
• 621602 Saskatchewan Ltd., a wholly owned subsidiary of the
University. The company participates in real estate investment
activities.
• Prairie Swine Centre Inc., a non-profit corporation whose
membership is restricted to the members of the Board of Governors
of the University of Saskatchewan. The company is engaged in
research, education and technology transfer related to pork
production in Canada.
• Western Beef Development Centre Inc., a non-profit corporation
whose membership is restricted to members of the Board of
Governors of the University of Saskatchewan. The mandate of the
company is to support the efficient and orderly economic
advancement of the Western Canadian beef industry.
• Canadian Light Source Inc., a non-profit corporation whose sole
member is the University of Saskatchewan. The company’s mandate
is to advance Canadian scientific and industrial capabilities in
synchrotron science and technical applications. The company will be
responsible for the operation and conduct of all activities related to
the University’s synchrotron light facility, its operation and
performance.
• Pharmalytics Inc., a non-profit corporation whose sole member is the
University of Saskatchewan. The company is engaged in research,
development and education in pharmaceutical sciences.
b) Use of estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets
and liabilities at the date of the financial statements and reported
amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Examples of significant estimates include: the allowance for doubtful
accounts, the estimated useful lives of assets, the accruals for salaries
and benefits, and certain actuarial and economic assumptions used in
determining defined benefit pension costs, accrued pension benefit
obligations, plan assets and provision for claims payable.
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
c)
Fund accounting
d) Inventories
Inventories are valued at the lower of cost and net realizable value,
which is determined by the average cost method, with the exception
of livestock, poultry and other farm products which are stated at
market value.
The University follows the restricted fund method of accounting for
contributions. Under fund accounting, resources are classified for
accounting and reporting purposes into funds in accordance with
specified activities or objectives.
The University has classified accounts with similar characteristics into
major funds as follows:
i)
General Funds are unrestricted and account for the University’s
program delivery, service and administrative activities. These
funds are further classified as Operating, Ancillary and Specific
Purpose.
Operating Funds account for the University’s function of
instruction, including academic support services, administrative
services, plant maintenance and other operating activity.
Ancillary Funds provide goods and services to the University
community, which are supplementary to the functions of
instruction, research and service and are expected to operate on
at least a break-even basis.
Specific Purpose Funds are designated for specific projects or
purposes.
ii)
Restricted Funds carry restrictions on the use of resources for
particular defined purposes. These funds are further classified as
Capital, Research and Trust.
Capital Funds account for the acquisition of capital assets, major
renovations and improvements to capital assets.
Research Funds account for activities in support of research.
Trust Funds account for activities that have been stipulated by
donors and contributors.
iii)
Endowment Funds account for resources received with the
stipulation that the original contribution not be spent. The fund
also consists of a portion of the investment income earned on
these funds that is required by donors and the Board of
Governors to be added to the fund to offset the eroding effect of
inflation.
e) Investments
Short-term investments are carried at the lower of cost and market
value. Long-term investments consist primarily of pooled funds and
are carried at market value.
f)
Investment in affiliated entities
Non-profit affiliated entities in which the University exercises
significant influence, but does not control, and all other investments
are recorded at cost less any permanent decline in the value of the
investment.
g) Employee benefit plans
The cost of defined benefit pensions earned by employees is
actuarially determined using the projected benefit method prorated
on services and management’s best estimate of expected investment
performance, salary escalation and retirement ages of employees,
when future salary levels or cost escalation affect the amount of the
benefit. The accumulated benefit method is used when future salary
levels and cost escalation do not affect the amount of the employee
future benefits. For purposes of calculating the expected return on
plan assets, those assets are recorded at fair value. Actuarial gains and
losses are recognized in the year they arise.
Employee future benefits other than pensions represent medical
and dental care and life insurance commitments to certain employees
and retirees, long and short-term disability payments, severance and
termination payments and compensated absences. The University
accrues its obligations under these plans.
31
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
32
h) Capital assets
Investment income earned on Endowment Fund resources that must
be spent on restricted activities is recognized as revenue of the
appropriate restricted fund. Unrestricted investment income earned
on Endowment Fund resources is recognized as revenue of the General
Fund. Other investment income is recognized as revenue of the
General Fund when earned.
Purchased capital assets are recorded at cost. The University reports
donated capital assets at fair market value upon receipt. Amortization
expense is reported in the Capital Fund. Capital assets, other than
land, are amortized using the straight-line method over their
estimated useful lives as follows:
Buildings
Site improvements
Computers
Equipment & furnishings
Library materials
Collections are not capitalized or amortized.
collections are expensed in the year acquired.
40
20
3
6 to 8
10
years
years
years
years
years
k) Fair value
The carrying values of cash and short-term investments, accounts
receivable, accounts payable and accrued liabilities, and accrued
vacation pay are considered to approximate fair value unless
otherwise disclosed.
All additions to
l)
i)
Donations and pledges
Donations are recorded as revenue in the fiscal period in which they
are received. Gifts-in-kind, including works of art, equipment,
investments and library holdings are recorded at fair market value on
the date of their donation.
Pledges made by donors to the University for donations to be received
in future years are not recorded in the financial statements.
j)
Revenue recognition
Restricted contributions related to general operations are recognized
as revenue of the General Fund in the year in which the related
expenses are incurred. All other restricted contributions are
recognized as revenue of the appropriate restricted fund when
received. Other restricted revenue is recognized on the completed
contract method.
Unrestricted contributions are recognized as revenue of the General
Fund in the year received or receivable if the amount to be received
can be reasonably estimated and collection is reasonably assured.
Contributions for endowment are recognized as revenue in the
Endowment Fund.
Financial instruments
The University uses forward exchange contracts to hedge risks
associated with foreign currency exchange rates. Except as disclosed
below, the fair market value of the university’s financial liabilities
approximates net book value as a result of the short-term nature of
the instrument.
Currency
At April 30, 2004, the University had hedged $476 designated to June
2004. The hedge position consists entirely of spot-deferred contracts.
3. Cash and Short-term Investments
Short-term investments are generally for less than 90 days, and earned an
average effective interest rate of 2.5 per cent (2003 - 2.3 per cent).
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
4. Long-term Investments
33
2004
Market
Yield
Bonds and debentures
Less than 5 years
5 to 10 years
More than 10 years
Equities
Canadian
Foreign
Other investments
5.4 – 5.9%
5.1 – 5.7%
3.4 – 5.9%
2003
Total
Fair Value
Total
Fair Value
$
72,798
37,160
14,458
$
47,464
78,700
10,618
$
261,198
68,935
35,443
15,855
44,302
55,188
9,877
$
229,600
Investments are placed in accordance with policies specifying the quality of investments and limiting the amount of credit risk exposure
in any one type of investment instrument.
5. Investment in Affiliated Entities
2004
Investments recorded on the cost basis:
Saskatchewan Food Industry Development Centre Inc.
Saskatchewan Population Health and Evaluation Research Unit
Prairie Diagnostic Services Inc.
Star Biotech Inc.
Alviva Biopharmaceuticals Inc.
On Target Electronic Design Inc.
CanEd International Inc.
Ceapro Inc.
Pharmaderm Laboratories Inc.
Investments, which have a nominal value, are shown with a nil cost.
2003
$
293
8
-
$
293
1
8
-
$
301
$
302
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
34
6. Accrued Post-Retirement Benefits
Financial activities of other benefit plans are consolidated in the financial
statements. The accrued benefit obligation for other benefit plans is reflected
in the Statement of Financial Position as provision for claims payable and plan
assets are included in the long-term investments. The net benefit plan expense
for pension and other benefit plans is included in employee benefits in the
Statement of Operations and Changes in Fund Balances.
The University sponsors both defined benefit and defined contribution
pension plans. The University and employees contribute in equal amounts
to most of the defined contribution plans. The defined benefit plans are
funded by employee contributions as a percentage of salary and by the
University to support the actuarial based pension benefits. The defined
pension benefits are based on years of pensionable service and an average
of highest 4 years of employees’ pensionable earnings.
Aggregate information about the University’s defined benefits plans is in the
table below. The information provided does not encompass all benefit plans in
the University, but only those plans for which an actuarial liability exists.
The total expense for the University’s defined contribution plans for the
year is $8,186 (2003 - $7,244).
a) Funded status of plans
2004
Pension
Plans
Plan assets
Fair value at beginning of year
Actual return on plan assets
Employer contributions
Employees’ contributions
Benefits paid
Fair value at end of year
Accrued benefit obligations
Accrued benefit obligation at beginning of year
Current service cost
Interest cost
Benefits paid
Benefit payments on plan termination
Actuarial losses (gains)
Plan amendments
Accrued benefit obligation at end of year
Accrued benefit asset
Valuation allowance and unamortized past service costs
Accrued benefit asset, net of valuation allowance
$
424,116
39,902
3,792
3,792
(33,536)
438,066
$
400,658
11,986
24,956
(29,170)
(4,366)
6,597
410,661
27,405
(4,240)
$
23,165
2003
Other
Benefit Plans
28,138
5,925
1,658
(1,450)
34,271
Pension
Plans
$
11,953
1,719
713
(1,450)
(775)
12,160
22,111
1,075
$
23,186
472,135
(24,352)
3,682
3,682
(31,031)
424,116
Other
Benefit Plans
$
392,998
10,497
26,191
(31,031)
(3,010)
5,013
400,658
23,458
(2,144)
$
21,314
31,903
(4,442)
2,294
(1,617)
28,138
10,901
1,723
712
(1,617)
234
11,953
16,185
1,382
$
17,567
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
b) Net benefit plan expense
35
2004
Pension
Plans
c)
2003
Other
Benefit Plans
Pension
Plans
Other
Benefit Plans
Current service cost, net of employee contributions
Interest cost
Expected return on plan assets
Immediate recognition of remaining gains/losses
Amortization of past service costs
Increase (decrease) in valuation allowance
$
8,194
24,956
(28,391)
(4,953)
444
1,691
$
1,719
713
(2,118)
(4,582)
307
-
$
6,815
26,191
(34,070)
55,412
388
(20,473)
$
1,723
712
(2,740)
7,416
307
-
Net benefit plan expense
$
1,941
$
(3,961)
$
34,263
$
7,418
Actuarial assumptions (weighted average as of April 30)
2004
Pension
Plans
Discount rate
Expected long-term rate of return on plan assets
2003
Other
Benefit Plans
6.3%
6.9%
Pension
Plans
5.5%
7.5%
Other
Benefit Plans
6.3%
7.4%
5.9%
7.5%
7. Capital Assets
Cost
Buildings
Site improvements
Computers
Equipment and furnishings
Land
Construction in progress
Library materials
$
2004
Accumulated
Amortization
2003
Net Book
Value
Net Book
Value
646,319
29,076
68,625
167,419
2,078
38,601
105,328
$
194,662
14,970
60,707
110,576
66,443
$
451,657
14,106
7,918
56,843
2,078
38,601
38,885
$
241,776
12,169
10,422
45,679
2,078
190,249
35,865
$ 1,057,446
$
447,358
$
610,088
$
538,238
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
36
8. Long-term Debt
a)
Canada Mortgage and Housing Corp. (CMHC) – 6.875% debentures due May 1, September 1, 2020
$
2004
2,401
$
2003
2,477
These loans are repayable in equal semi-annual installments of $123 blended principal and interest
and recovered in their entirety from the operating revenues of Ancillary Services
b)
Loan payable to the Government of Saskatchewan - General Revenue Fund – 5.125% loan due December 1, 2015
297
314
Loan payable to Canadian Imperial Bank of Commerce – Prime plus 0.25%, payable with monthly
principal payments of $3 plus interest.
181
-
Loan payable to Canadian Imperial Bank of Commerce – Prime plus 0.25%, payable with monthly
principal payments of $0.6 plus interest.
28
35
Loan payable to Government of Saskatchewan – Short-term Hog Loan – Prime, payable with equal
monthly payments, due April 2007.
153
-
2,532
2,560
-
63
As part of the original arrangements for repayment of a loan to CMHC, it was agreed that $600 of the
principal portion due would be recovered from the University of Saskatchewan by charges to the Ancillary
operations of $33 per year.
c)
d)
e)
f)
Mortgage payable to Canadian Imperial Bank of Commerce – Prime, payable with blended monthly
installments of $24, due October 2016.
The mortgage is secured by a general security agreement pertaining to all personal property of
Prairie Swine Centre Inc. and the provision of collateral mortgage security over all the Centre’s real property.
g)
Loan payable to Heartland Livestock Services – Prime plus 1.25%, payable in four annual installments of $36.
h)
Loan payable to West Central Sales Inc. – 7.9% loan, payable in annual installments of $11.
23
34
i)
Loan payable to Royal Bank – Prime, payable on demand.
15
-
5,630
(325)
Less amounts payable within one year
$
5,305
5,483
(306)
$
5,177
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
9. Commitments
a) Capital projects
The estimated cost of contractual commitments to complete major
capital projects in progress as at April 30, 2004 is approximately
$37,720 (2003 - $41,508).
b) Retail development
In 2001, the University entered into an agreement with a developer to
lease approximately 50 acres of land. In addition, the University has an
agreement with the City of Saskatoon obligating the University to pay
offsite levies to the City as the land is developed. It is estimated that
the obligation to the City for future phases of development is $1,487.
c)
Utility purchases
The University has entered into long-term contracts to purchase
electricity and natural gas. As at April 30, 2004, the University is
required to pay for minimum annual consumption of 140 million
kilowatt hours of electricity in the 2005 fiscal year, increasing to 150
million kilowatt hours by 2007 when the contract expires. The
estimated commitment to purchase electricity is $25,881 based on
management’s best estimate of the impact of annual price
re-determination.
To manage the price of natural gas, the University has entered into
contracts that expire at varying dates until October 2005. As at April
30, 2004, the University is required to pay for a minimum volume of
2,650 gigajoules per day of natural gas for a total commitment of
$8,227.
d) Decommissioning and financial guarantee
Canadian Light Source Inc. is required to decommission the facility
when operations cease. The costs of decommissioning are expected to
be significant and will be funded over a period not exceeding 30 years.
This obligation and accompanying requirement to provide a financial
guarantee for the estimated costs of decommissioning will arise
following the issuance of a Particle Accelerator Operating License by
the Canadian Nuclear Safety Commission. On issuance of said license,
the decommissioning costs will be amortized on a systematic basis in
accordance with the Canadian Institute of Chartered Accountants’
guidance on Asset Retirement Obligations.
e) Lease Commitments
The University has operating lease commitments for equipment and
capital assets. The minimum future commitments under these
contractual arrangements for the next five years are as follows:
2005
2006
2007
2008
2009
$
$
$
$
$
504
333
305
293
293
37
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
38
10.Gifts-in-kind and Donation Pledges
Gifts-in-kind in the amount of $1,841 were received and recorded in the year (2003 - $2,136). Gifts-in-kind consist of the following:
2004
Works of art
Equipment and furnishings
Investments
Library holdings
Other
2003
$
200
302
892
69
378
$
447
529
457
49
654
$
1,841
$
2,136
Donations pledged but not received as at April 30, 2004 totaled $6,861 (2003 - $4,109). These pledges are expected to be honored during the subsequent five-year
period and will be recorded as revenue when received.
11.Collections
a) Collections of Artifacts, Archival Material and Rare Books
The University has acquired collections of artifacts, archival materials
and rare books. These items have been accumulated largely as
adjuncts to the University’s research and teaching missions.
Acquisitions are donated as well as purchased. The University rarely
disposes of items from these collections.
The significant collections include the personal artifacts, papers, and
library of the late John G. Diefenbaker, the official records of the
University, papers of faculty and alumnae, originals and replicas of
Ancient and Medieval artifacts, as well as old and rare material with a
focus on Western Canada.
b) Art Collection
The Kenderdine Art Gallery administers the permanent art collection
of the University. The collection includes works of art that provides a
historic or artistic context for objects that are already in the collection
as well as works that are of historic interest to the University or the
Province of Saskatchewan. Proceeds from the sale of objects are used
for the purchase of new acquisitions or the direct care of the
collection.
During the year, 104 objects with an appraised value of $200 were
donated and 16 objects, costing $88, were purchased.
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
39
12.Operating Fund Expenses
A comparison of the budgeted Operating Fund expenses approved by the University’s Board of Governors to the actual Operating Fund expenses is as follows:
2004
Budget
Agriculture
Arts and Science
Commerce
Dentistry
Education
Engineering
Graduate Studies & Research
Kinesiology
Law
Medicine
Nursing
Pharmacy & Nutrition
Veterinary Medicine
Extension
Interdisciplinary Units
Instructional & Research Support
Student Support Units
External Relations
Infrastructure
General
Net expenses for internal reporting purposes
Reclassification of net expenses, included in College
totals above as a recovery or expense, and restated
for financial statement purposes:
External cost recoveries restated as revenue
Interfund transfers eliminated for financial
statement purposes (Schedule 1)
$
Expenses for financial statement purposes
$
2003
Expenses
Expenses
9,451
42,345
6,196
4,840
7,973
10,781
894
3,074
2,895
20,661
5,291
3,176
15,773
7,936
2,322
29,665
13,292
2,149
33,712
27,721
250,147
$
7,844
257,991
$
9,697
43,382
6,242
5,004
8,275
10,846
773
4,180
3,053
20,586
4,813
3,384
17,183
8,277
2,627
27,020
13,568
985
34,431
32,447
256,773
$
9,145
40,707
6,519
4,728
7,526
10,371
837
2,845
2,813
18,974
3,860
3,041
13,834
7,149
2,196
28,976
12,298
2,926
28,764
24,225
231,734
9,860
10,157
(33,655)
(21,767)
232,978
$
220,124
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
40
13.Internal Cost Recoveries
Sales and services provided by one part of the university to another part are recorded as internal cost recoveries. These recoveries are eliminated from the expense
activity of the University as follows:
Salaries
Employee benefits
Operational supplies and expenses
Travel
Cost of goods sold
Equipment rental, maintenance and renovations
Utilities
Amortization
Scholarships, bursaries and prizes
Interest
Bad debt expense
Internal cost recoveries
Gross
Expenses
$ 291,925
31,246
83,303
11,206
16,566
16,745
18,068
36,706
15,175
534
468
(41,391)
2004
Net
Recovery
$
(7,053)
(1,049)
(27,774)
(46)
(585)
(3,072)
(1,808)
(4)
41,391
Net
Expenses
$ 284,872
30,197
55,529
11,160
15,981
13,673
16,260
36,706
15,171
534
468
-
2003
Net
Expenses
$ 267,056
60,123
57,237
11,187
16,209
14,631
14,936
30,330
13,456
414
340
-
$
$
$
$
480,551
-
480,551
485,919
14.Interfund Transfers
Under fund accounting, resources are classified for accounting and
reporting purposes into funds in accordance with specified activities or
objectives. Interfund transfers are used when resources residing within
one fund are utilized to fund activities or assets that should, by their
nature, be recorded in another fund. As an example, within the Research
Fund the University records revenue received from sponsors for research
activity. A portion of this funding may be used to purchase capital assets.
When the capital asset is purchased, an interfund transfer is recorded
reflecting the transfer of resources from the Research Fund to the Capital
Fund.
During 2003/04, transfers of $53,540 were made to the Capital Fund to
fund the acquisition of assets. Transfers were provided from the following
funds: $16,360 from Operating, $1,552 from Ancillary, $5,334 from Specific
Purpose, $631 from Trust, and $29,663 from Research. The net effect of all
transfers within each fund is disclosed in Statement 2 and Schedules 1, 2
and 3.
THE UNIVERSITY OF SASKATCHEWAN
Notes to the Consolidated Financial Statements
15.Related Party Transactions
The University receives a significant portion of its revenue from the
Government of Saskatchewan and has a number of its members to the
Board of Governors appointed by the Government. To the extent that the
Government of Saskatchewan exercises significant influence over the
operations of the University, all Saskatchewan Crown agencies such as
corporations, boards and commissions are considered related parties to the
University.
Revenue received from the Government of Saskatchewan is disclosed
separately in the Statement of Operations.
During the year, the University received $3,000 (2003 - $20,842) from the
Educational Infrastructure Financing Corporation, a Saskatchewan crown
agency. This amount is included in the Restricted Funds in the Statement
of Operations as "Government grants and contracts – Government of
41
Saskatchewan". Pursuant to an agreement between the University, the
Corporation and the Minister of Learning that sets out the conditions for
these monies, the University is required to spend the monies for specific
capital projects approved by the Minister. Also, each agreement assigns a
fixed interest rate and a term that approximates the useful life of the
related capital project with repayment required in semi-annual
installments over the prescribed term. The Minister of Learning, through
the General Revenue Fund, undertakes to repay to the Corporation, on
behalf of the University, the annual amount required for principal and
interest repayments. The University has not recorded an obligation nor a
receivable with respect to these repayments.
Routine expenses with these related parties are recorded at the standard
or agreed rates charged by these organizations.
Transactions and the amounts outstanding at year-end are as follows:
Sales of services and products – physicians’ billings
Expenses
Utilities
Other
Accounts receivable
Long-term investments
Accounts payable and accrued liabilities
Deferred revenue
Long-term debt
$
2004
23,652
14,563
16,674
5,629
4,424
1,168
308
450
$
2003
21,125
13,568
21,373
6,559
4,333
1,439
290
314
THE UNIVERSITY OF SASKATCHEWAN
Schedules to the Consolidated Financial Statements
For the Year Ended April 30, 2004
Schedule 1 - Statement of Operations and Changes in Fund Balances - General Funds
(thousands of dollars)
42
Operating
Specific
Purpose
Ancillary
Total
Revenues
Government grants and contracts
Government of Canada
Government of Saskatchewan
Other
Student fees
Gifts, grants and bequests
Sales of services and products
Income from investments
Real estate income
Miscellaneous income
$
155,526
10,831
80,081
6,141
9,557
5,783
311
309
268,539
$
39,202
88
39,290
$
2,403
36,973
311
2,055
8,632
41,676
7,075
767
986
100,878
$
2,403
192,499
11,142
82,136
14,773
90,435
12,946
1,078
1,295
408,707
Expenses
Salaries
Employee benefits
Operational supplies and expenses
Travel
Cost of goods sold
Equipment rental, maintenance and renovations
Utilities
Amortization
Scholarships, bursaries and prizes
Interest
Bad debt expense
Internal cost recoveries (Note 13)
179,826
23,690
30,161
2,461
11,722
10,146
7,904
5
447
(33,384)
232,978
6,151
927
3,409
37
16,566
1,961
7,582
3
(69)
2
(162)
36,407
65,599
2,768
17,872
4,529
1,582
320
1,947
129
12
(4,870)
89,888
251,576
27,385
51,442
7,027
16,566
15,265
18,048
9,854
65
461
(38,416)
359,273
Net revenues
Interfund transfers (Note 14)
35,561
(33,655)
2,883
(1,862)
10,990
(1,079)
49,434
(36,596)
1,906
28,774
1,021
385
9,911
94,032
12,838
123,191
Net increase in fund balances for year
Fund balances, beginning of year
Fund balances, end of year
$
30,680
$
1,406
$
103,943
$
136,029
THE UNIVERSITY OF SASKATCHEWAN
Schedules to the Consolidated Financial Statements
For the Year Ended April 30, 2004
Schedule 2 - Statement of Operations and Changes in Fund Balances - Restricted Funds
(thousands of dollars)
Capital
Research
Trust
Total
Revenues
Government grants and contracts
Government of Canada
Government of Saskatchewan
Other
Student fees
Gifts, grants and bequests
Sales of services and products
Income from investments
Real estate income
Miscellaneous income
$
15,760
827
683
17,270
$
54,994
23,388
2,925
24,584
743
172
1
310
107,117
$
8
4,556
41
24,428
140
(36)
29,137
$
54,994
39,156
2,925
29,140
784
25,427
141
957
153,524
Expenses
Salaries
Employee benefits
Operational supplies and expenses
Travel
Cost of goods sold
Equipment rental, maintenance and renovations
Utilities
Amortization
Scholarships, bursaries and prizes
Interest
Bad debt expense
Internal cost recoveries (Note 13)
64
11
36,706
469
(606)
36,644
39,323
3,754
30,667
3,991
1,463
20
2,933
1
(2,369)
79,783
1,026
107
1,130
188
6
2,388
1
4,846
40,349
3,861
31,861
4,179
1,480
20
36,706
5,321
469
2
(2,975)
121,273
Net revenues (expenses)
Interfund transfers (Note 14)
(19,374)
53,540
27,334
(24,342)
24,291
(12,935)
32,251
16,263
Net increase in fund balances for year
Fund balances, beginning of year
34,166
575,418
2,992
48,540
11,356
56,647
48,514
680,605
Fund balances, end of year
$
609,584
$
51,532
$
68,003
$
729,119
43
THE UNIVERSITY OF SASKATCHEWAN
Schedules to the Consolidated Financial Statements
44
For the Year Ended April 30, 2004
Schedule 3 - Statement of Operations and Changes in Fund Balances by College
(thousands of dollars)
Arts &
Agriculture
Science
Commerce
Dentistry
Education
Engineering
Graduate
Studies &
Research
Kinesiology
Law
Medicine
Revenues
University operating budget
Original budget
$
Budget revisions
Revised budget
Government grants and contracts
Government of Canada
Province of Saskatchewan
Other
Student fees
Gifts, grants and bequests
Sales of services and products
Income from investments
Real estate income
Miscellaneous income
9,451
16
9,467
$ 42,345
143
42,488
$ 6,196
36
6,232
2,816
8,460
213
23
8,492
2,737
4,942
7
688
37,845
14,764
3,194
228
636
3,064
866
2,180
1
18
67,439
121
4
592
354
281
639
55
8,278
19,238
2,379
6,891
706
-
44,429
5,102
8,075
2,066
-
1,350
77
945
(2,107)
29,479
$
4,840
1
4,841
$
7,973
201
8,174
$ 10,781
1
10,782
$
894
75
969
87
91
68
1,358
78
6,523
838
2
176
15
658
1,061
319
11,243
4,249
1,346
47
1,436
305
1,318
6
19,489
1,797
414
61
313
3,554
6,832
824
1,053
250
-
3,880
476
1,007
63
-
8,204
924
1,170
449
-
12,717
1,491
1,562
608
-
310
11
1,666
18
(941)
60,736
12
150
5
(14)
9,112
20
1,100
(6)
(1)
6,539
33
(37)
129
(259)
10,613
8,366
(1,715)
6,703
(869)
(834)
444
(16)
(75)
Net increase (decrease) in fund
balances for year
6,651
Fund balances, beginning of year 50,341
5,834
27,049
(390)
3,506
(91)
939
$ 32,883
$ 3,116
$
3,074
67
3,141
$
2,895
65
2,960
$ 20,661
(355)
20,306
579
57
1,523
646
2,186
174
102
8,408
13
77
741
230
1,904
11
5,936
7,971
34,886
112
(6)
9,341
27,477
3,201
41
14
103,343
591
80
149
61
-
4,863
562
1,703
654
-
3,044
380
297
168
-
74,424
5,852
13,333
2,575
-
78
722
(149)
17,029
2
1,822
(1)
2,704
87
355
(27)
8,197
14
226
4,129
649
10
963
11
(814)
97,003
630
191
2,460
(587)
850
45
211
(1,187)
1,807
357
6,340
(1,988)
821
5,292
1,873
14,360
895
2,508
(976)
2,063
2,164
12,185
4,352
52,422
6,113
$ 16,233
$ 3,403
$ 14,349
$ 56,774
Expenses
Salaries
Employee benefits
Operational supplies and expenses
Travel
Cost of goods sold
Equipment rental, maintenance
and renovations
Utilities
Amortization
Scholarships, bursaries and prizes
Interest
Bad debt expense
Internal cost recoveries (Note 13)
Net revenues (expenses)
Interfund transfers (Note 14)
Fund balances, end of year
$ 56,992
$
848
$
$
1,087
Nursing
$ 5,291
88
5,379
Pharmacy
& Nutrition
$
3,176
80
3,256
Veterinary
Medicine
$ 15,773
(35)
15,738
Extension
$
7,936
22
7,958
Interdisciplinary
Units
$
2,322
6
2,328
Instructional
& Research Student Support
Support
Units
$ 29,665
3,391
33,056
$ 13,292
1,428
14,720
External
Relations
$
2,149
(49)
2,100
Infrastructure
General
$ 33,712
196
33,908
$(222,426)
(5,377)
(227,803)
45
Total
$
-
173
248
4
261
172
108
6,345
461
192
679
135
228
4,951
2,185
851
1,637
1,715
4,881
1,593
1
28,601
68
281
227
10
1,336
12
2
9,894
5,256
2,503
724
5,089
403
473
1
309
17,086
14,824
5,169
12
1
3,119
8,112
2,778
75
(22)
67,124
115
978
87
1,898
25,326
4,430
25
7
47,586
6
231
3
2,340
1,079
14,542
44
8,721
829
683
59,806
1
158,851
10,831
79,044
10,056
5,340
12,909
967
609
50,805
57,397
231,655
14,067
82,136
48,091
91,219
38,431
1,219
2,381
566,596
4,481
602
447
60
-
3,394
395
809
100
-
14,115
1,729
7,130
421
-
6,473
841
2,247
536
-
8,116
1,074
5,802
347
-
19,346
3,019
10,539
466
5,719
13,134
1,815
7,144
169
10,847
2,206
351
1,097
73
-
19,500
2,916
4,543
165
-
22,938
434
8,305
1,269
-
291,925
31,246
83,303
11,206
16,566
41
67
(27)
5,671
9
195
(47)
4,855
485
53
1,296
10
(919)
24,320
43
16
6
(595)
9,567
251
9
171
(2,302)
13,468
396
42
(3,857)
35,670
3,039
1,266
5,147
(69)
9
(4,308)
38,193
7
(826)
2,908
8,546
16,333
36,706
1
469
(16,125)
73,054
1,373
330
172
129
426
(8,072)
27,304
16,745
18,068
36,706
15,175
534
468
(41,391)
480,551
674
61
96
125
4,281
(1,425)
327
(374)
3,618
(8,839)
31,454
(19,272)
9,393
(1,965)
(568)
740
(13,248)
49,367
23,501
(13,034)
86,045
-
735
2,112
221
4,140
2,856
17,203
(47)
1,490
(5,221)
13,802
12,182
31,355
7,428
36,821
172
473
36,119
573,919
10,467
54,427
86,045
906,407
4,361
$ 20,059
8,581
$ 43,537
$ 44,249
645
$610,038
$ 64,894
$992,452
$ 2,847
$
$
1,443
$
$
B o a r d
o f
G o v e r n o r s
The Board is responsible for overseeing and directing all matters respecting the management, administration and control over the University’s property, revenues and
financial affairs.
46
Members Ex-Officio
Members Elected by the Senate
Peter MacKinnon (President)
Tom Molloy (Chancellor)
Judy Buzowetsky
Gary Carlson
Members Appointed by the Government
Faculty Member
Gordon Thiessen (Chair)
Shelley Brown
Art Dumont
Sylvia Fedoruk
Dallas Howe
Garry Standing
Ron Steer
Student Member
Robin Mowat
O f f i c e r s
o f
t h e
U n i v e r s i t y
University officers are entrusted with the day-to-day operation of the institution. The President has general supervision over and direction of the University, its faculty
members, and its student body. Deans of Colleges are the chief executive officers of their college, with general supervision of the direction of the college and the teaching
and training of the students in the college.
2003/04 Officers
President
Peter MacKinnon
Provost and
Vice-President
Academic
Michael Atkinson
Vice-President
(Finance and
Resources)
A.J. (Tony) Whitworth
Vice-President
(Research)
Associate
Vice-President,
Information and
Communications
Technology
Rick Bunt
Deans of
Colleges and
Academic Units
David Hannah
Agriculture
Associate
Vice-President (Human
Resources)
Associate
Vice-President
(Research) and Dean
of Graduate Studies
Barbara Daigle
Tom Wishart
Associate
Vice-President
(Financial Services)
and Controller
Executive Director,
University
Advancement and
Chief Advancement
Officer
Steven Franklin
Laura Kennedy
University Secretary
Vice-Provost
Associate
Vice-President
(Facilities
Management)
Mark Evered
Paul Becker
Gordon Barnhart
Associate
Vice-President,
Student and
Enrolment Services
Heather Magotiaux
Ernie Barber
Arts and Science
Ken Coates
Commerce
Lynne Pearson
Dentistry
Charles Baker
Education
Cecilia Reynolds
Engineering
Claude Laguë
Extension Division
Walter Archer
Kinesiology
(Acting) Bob Faulkner
Law
(Acting) Dan Ish
Medicine
William Albritton
Nursing
Beth Horsburgh
Pharmacy and
Nutrition
Dennis Gorecki
Veterinary Medicine
Charles Rhodes
Libraries Director
Frank Winter
UN
IV
E
Buildings
o
iv
25th
HWY 219
St
Lenore
p
Circle Drive
Taylor St.
8th Street
College Drive
PR
ES
IDE
NT
'S
PL
A
LEGEND
CE
Hantelman
C O L L E G E
Underground Agriculture Parkade 5
Disabled Persons' Parking
HWY 11
D
O Q R T V
G H HA K L
Parking Office - Maintenance Building
M-F 8:00 a.m. - 4:30 p.m.
Place Riel Kiosk
M-F 8:15 a.m. - 5:00 p.m.
these locations)
(Located in the Maintenance Building)
E
PL
AC
E
D R I V E
Information Centres (maps are available at
Campus Entrance Maps
Royal University Hospital
Student Parking E P Y U
RUH Parkade
EW
'S
I V
ND
R
R
ST
.A
Faculty & Staff Parking A AB AE C F
Motorcyle Parking
Attridge Dr
Ellis Hall
Meter Parking Lots: 3 7 8 9
McEown Park (Cumberland & 14th St.)
Metered Parking
Stadium Parkade 2
ve
University of
Saskatchewan
D ri
Wanuskewin
Boy
chuk Drive
City Of Saskatoon
u
33rd St
Circle Drive
51st St
71st Street
Security Services (24 Hours - 966-5555)
M
P
S
Dr
ive
President's
Residence
11th Street
Pay Lots: 1 4
Parking
ID
G
BR
cle
Cir
22nd Street
33rd Street
Circle Drive
Millar Ave
(SPECIAL PARKING AND TRAFFIC REGULATIONS ARE ENFORCED.)
SI
TY
May 2004
ER
HWY 7
CLARENCE AVE
HWY 14
e
Road
S
Avenue P
ort Dr
Airp
Avenue H
t h
Ave
2nd
C
Ave
Dri ve
ld
adin
S
Warman
aC
re
s k
a t scen
c h t
a
S
Clarence Ave.
i v
e r
R
Circle Drive
John G. Diefenbaker Airport
Idylwyld Drive
wy
yl
Id
e w a
U
HWY 16
HWY 5
P
AB
EFE
S
C
P
Law
DI
A R T
A
Dental
Clinic
1214 & 1220
COLLEGE
DRIVE
P
DIE
P
U
P
R
P
I
P
1
P
V
S
P
M
N
O
GE
Marquis
Hall
F
E
4
P
Biology
P
T
H
E
P
Memorial
Union
Building
B
O
ab
L
asc
H
P
SC
IEN
C
R D
Nobel
Plaza
P
E
aH
P
all
P
3
M
P
R
2
6
C R E S C E N
2
Stadium
Parkade
D R I V E
5
Seager P
Wheeler
Hall
McEOWN
PA R K
Souris Hall
P
1 4 t h
U
U
I C
P
T
P
8
Ball Fields
S T R E E T
U
R
Griffiths
Stadium
1
A
M
112
P l
S
P U
C R
E
S
C
Y
R d
The Concourse
R
I
V
E
Curling
Rink
L
Poultry
Science
D
V
Stone
Barn
Y
Crop Science
Test Plots
F
A R C H
A
POS PLACE
R
O
M
L
A
Q
N
E
E
A
S
SERF
R O A D
C O L L E G E
Dairy
Barn
Poultry
Centre
T
POS
Pilot
Plant
R O A D
B O U L E V A R D
P E R I M E T E R
P
D R I V E
Innovation Place
Research Park
E
National
Hydrology
Research
Centre
S
VIDO
Laboratory
General
Purpose
P
K
Livestock
Research
Saskatoon
Field House
O
9
7
E
Canadian
Space Agency
Farm
Residences
M
R O A D
Canadian
Food
Inspection
Agency
SED Systems
Q
R
I N N O V A T I O N
The Galleria
V E T E R I N A R Y
Hay
Storage
Animal
Science
P
Rink
A
Energy
Centre
W
Saskatchewan
Research Council
P Rutherford
Engineering
C
P
Bovine
Research
Western
College of
Veterinary
Medicine
S T A D I U M
7
H
NRC - Plant
Biotechnology
Institute
Beach
Volleyball
I L
Environment Canada
Canadian Wildlife Service
A S I U M
M N
G Y
D R I V E
A
A c c e s s
R
The Atrium
D r i v e
110
N o r t h
I F
Grounds
Greenhouse
Archaeology
P
T E R I N A RY
Physical
Activity Complex
8
VE
Research
Annex
M HA
C A M P U S
P
P
Canadian
Light Source
Synchrotron
Facility
John
Mitchell
Administration
P
LA
C
DOWNEY RD.
Waste
Management
Facility
Toxicology
Centre
C
R e s e a r c h
Dr. Jack McFaull
Building
Food Centre
A
108
P
Resources Research Centre
Agriculture
Greenhouse
AE
411
Kirk Hall
EP
College
Building
A
Agriculture
Parkade
Entrance
5
N
Assiniboine Hall
Wollaston Hall
Williams
E Y
Maintenance
P
Physics
Ball Fields
4
N
Peterson
C O L L E G E
Faculty
Club
Ath
Hall
W
(W.P. Thompson)
Geology
W
P
Heating
Plant
Agriculture and
Agri-Food Canada,
Research Centre
Spinks
P
Thorvaldson
P
Place
Riel Qu'Appelle
Addition
YA
G
is C
McLean Hall
P
P
St. Thomas
College of
Emmanuel C More
& St. Chad
College
Rugby
Chapel
M
Main Library
Observatory
Arts
V
E
Murray
E
COMM
D
R
Tenn
ourts
CRESCENT
Ball
Field
11
SEMINARY
Ball Field
10
Education
BAKER C
S
FEN
Ball
Field
9
P
Commerce
M
T
C R
Health
Sciences
Little Medical
Stone Research
School A
P L A C E
St. Andrew's
College
C L I N I C
Royal
University
Hospital
Saskatoon
Cancer
Centre
Diefenbaker
Canada
Centre
3
P
Ogle Hall
Lutheran
Theological
Seminary
O
Dr. Burton Craig
Building
D
L.F. Kristjanson
Biotechnology
Complex
A
N
BioProcessing
NRC
Centre
Plant
Biotechnology
Institute
C
D
I A
E
I V
D R
n
L
H O S P I
TA
D
Preston Avenue
O
U
IVE
DR
NIV
ER
SIT
Y
E
H
C
R I
V E
R
W A
N
H
C
R
A
E
S
E
R
CANADIAN WILDLIFE COURT
Mc
K ercher Dr.
ME
MO
ES
CE
NT
T
H
K
S
A
S
CR
RIA
L
D
A
O
R
A T
MUNROE AVE
N T A
D E
L
S
W I G G
I N
WIGGINS AVENUE
CRT
CE
URT
CO
E D U C
A T
I O
N
O
R
N O R T H
OF
ANI
MALS PL.
HEAL
TH
R O W
R E S O U R C E S
HWY 11
sk
Sa
R
D
A
O
R
VID
O
CR
T.
HWY 16
BOTTOMLEY AVE
Y
BO TTOM
LE
H
T
R
D
A
O
R
E
C
N
A
N
O
N
an
ew
atc
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A
M
T
I N
R O
A D
P
Qu Gaar lliser
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Vo
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Pla ageu Hall
ce
r
A V E N U E
C U M B E R L A N D
R O A D
A V E N U E
P R E S T O N
A V E N U E
T
R
S T
E
E
T
Crop Science
Test Plots
Patterson
Garden
Animal Science Field
h
1 0 8 t
Crop Science
Field Laboratory
D R I V E
P R E S T O N
A V E N U E
A
ADMIN PL
V
I
E
P L A C E
E
U
M c E O W N
V
M
I
A
R
C
D
E N T
S
R
M
D
A
U
S
C
P
U
C O U RT
P
PL
E
.
H O U S E
R
F I E L D
KE
P R E S T O N
A
A V E N U E
B
E
S T A D I
P R E S T O N
N
T
P L A C
RT
RT
e
S C I E N C E
OU
C
iv
C
47
UR
Communications
University
University
of
Advancement
Saskatchewan
309
117
Saskatoon
E-mail:
SK
S7N
Science
5C8
Hall
Place
Canada
Ph:
(306)
966-6607
Fax:
(306)
966-6815
communications@usask.ca
Website:
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