University of Saskatchewan

University of Saskatchewan Reports

Lee Ahenakew, Chair, Board of Governors

The Board of Governors has worked diligently this year to provide oversight and support the leadership team so the university may meet the needs of our province and related global issues. The decisions we make are to ensure we are moving in the bold strategic direction now formalized in the University Plan endorsed by all three governing bodies including Senate and University Council. One of the most important roles we have each year is examining this annual financial report, which puts other university plans into perspective.

Through the budget challenges of recent years, we have continually demonstrated a strong record of fiscal responsibility. The U of S recently earned a AA2 credit rating by Moody’s, which places it tied for the highest among Canadian universities. This is a key indicator of the university’s excellent financial management and financial situation. The province has supported the university to access long-term financing to fulfill much-needed renewal of facilities on-campus, and has worked with our leadership to meet our financial priorities in times with limited resources.

Infrastructure and assets continue to grow to meet the ever-changing needs of our students, faculty and staff. We are in various stages of development on a centralized Prince Albert campus, the Livestock and Forage Centre of Excellence, the Collaborative Science Research Building, Health Sciences A-Wing, and Merlis Belsher Place. Built through funding partnerships and generous support, all of these projects help ensure a strong future for the University of Saskatchewan.

We’re honoured to ensure the appropriate and efficient use of the resources entrusted to us by and for the people of Saskatchewan.

Lee Ahenakew, Chair, Board of Governors

2016/17 Annual Report

2016/17 Annual Report

An organization with the size, and with the scope of responsibility, of the University of Saskatchewan requires a great deal of oversight and financial management. The Board of Governors takes pride in this role, and we work together to ensure the resources entrusted to us by the government and by the people of Saskatchewan are used effectively and efficiently for the benefit of all our students and stakeholders. As part of our due diligence and so we may continue to be an outstanding institution, the leadership team is constantly seeking new solutions; during these difficult financial times for the province, the importance of that process is magnified.

Although we do our best to work within our means, this is becoming more challenging. Dwindling reserves threatening to fall below levels of best practice are another area of concern as we look to the future.

We will continue to work with the province, our largest funding partner, and we will need to work together to support the teaching and discovery mission that is so important both in Saskatchewan and beyond our borders. We will continue to focus on financial sustainability, pursue more diverse revenue sources, and to find the best new ways to support the integral important work that is done by our researchers, students, faculty and staff on our main campus in Saskatoon and across this great province.

We take the opportunity in this report to look back at the financial reality of the past year, while we look to the coming year and the opportunity each academic year brings.

Lee Ahenakew, Chair, Board of Governors

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Financial Services Division
Administration Building
105 Administration Place
Saskatoon, SK

S7N 5A2
Ph: (306) 966-6625