University of Saskatchewan

University of Saskatchewan Reports

Lee Ahenakew, Chair, Board of Governors

The Board of Governors is responsible for stewarding the more than $2.5 billion in assets that make up our great institution. As part of our mandate to ensure financial sustainability for the U of S, we ensure that our resources are used in the most effective way and that those resources support moving the university closer towards its strategic goals.

That has been more difficult in the past year.

With a downturn in the provincial economy—and thus a downturn in provincial funding in the postsecondary sector, there were noteworthy changes to our annual operating budget. Because of prudent financial management and long-term planning, we have been able to adjust to unanticipated funding reductions and ensure the university can continue its important work. We are also looking to future financial needs to enhance the university’s research and teaching and learning mandate.

While our fiscal reality has changed, a reality reflected in these audited statements, what has not changed is our reputation as one of Canada’s outstanding medical-doctoral institutions. We continue to build on our reputation as a productive research-intensive university that is changing lives in Saskatchewan, Canada and beyond. We lead in ways to help the world adapt to changes in areas of key importance—Aboriginal Peoples, one health, water, agriculture, energy and mineral resources, and synchrotron sciences.

It is an honour to be chair of the U of S Board of Governors and work with the Government of Saskatchewan and other funding partners to achieve our mutual goals. With another year complete, we look forward to the future and all of the promise it holds for our students, faculty, staff, alumni and supporters.

Lee Ahenakew, Chair, Board of Governors

2014/15 Annual Report

2014/15 Annual Report

On behalf of the board of governors, I would like to acknowledge the significant effort made by the entire university community in managing our financial resources in a fiscally responsible manner.

The senior leadership and the board continue to focus on achieving long-term financial sustainability for the University of Saskatchewan. As a result, a general culture of fiscal restraint and prudence has become more evident on campus.

We continue to respond to the challenge of ensuring efficient operations in light of fiscal realities. There are a number of projects underway that will help the university community effectively steward institutional resources.

The university is a strong proponent of the Province of Saskatchewan’s vision for growth. We expect to be able to more fully align our resources behind strategic areas of focus, which will increase our record of success and achievement.

Much work remains, however I am confident the university’s record of prudent financial management will continue to improve our standing among Canada’s very best research intensive universities.

Greg Smith, Chair, Board of Governors

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Financial Services Division
Administration Building
105 Administration Place
Saskatoon, SK

S7N 5A2
Ph: (306) 966-6625