On behalf of the board of governors, I would like to extend my appreciation to all university employees for your commitment to bringing positive financial change to an already excellent university, and your dedication to this institution.
At the board, our focus is on the strategic and long-term direction of the university. It is important that we work with senior administration to ensure that the university is financially sustainable over generations, not just planning cycles.
Excellent progress has been made, beginning with a proactive and comprehensive four-year strategy to eliminate the mismatch between our revenues and our expenses. There is still a great deal to do in determining and implementing those changes needed to ensure our university’s financial sustainability. Steps taken over the past year have already resulted in permanent reductions in operating budget expenses for future years. With the priorities outlined in our third integrated plan, Promise and Potential, and a process for change guided by our budgets, the University of Saskatchewan is uniquely positioned to capitalize on its strengths and achieve new heights.
We look forward to continued progress and are pleased to work alongside the university community to make that happen.
Susan Milburn, Chair, Board of Governors
2011/12 Annual Report
University of Saskatchewan Annual Report 2011-12
Prudent financial management at the University of Saskatchewan combined with strong support from the provincial government saw the university conclude 2011/12 in good financial condition despite the prolonged global economic downturn. The year, however, also brought to light new challenges. As described in more detail in later sections of this report, our robust and mature planning processes have highlighted financial issues for the university that we expect will continue into the years ahead. Promise and Potential, our third integrated plan, was approved in March 2012 by our governing bodies and sets our direction for the next four-year planning cycle. Guided by this plan, we will vigorously pursue our priorities as we address our financial challenges.
Nancy Hopkins, Chair, Board of Governors
2010/11 Annual Report
University of Saskatchewan Annual Report 2010-11
This past year has seen a continued strengthening of the University of Saskatchewan’s financial position. Our strategic planning processes, including our award-winning scenario analysis, enabled us to complete a three per cent budget reduction following the 2008 world economic downturn, and, at the same time, permitted us to take advantage of strategic opportunities to advance our priorities. Using prudent and responsible financial management, and by paying particular attention to assessing the risks and benefits of our investments, we have ensured our commitments to students, research and partnerships are both affordable and sustainable into the future. Unprecedented capital expansion on our campus is one visible sign of the strength of the university within the city and province, as is our ability to attract and retain significant financial support from the Government of Saskatchewan and national funding bodies for our strategic priorities. We close out the 2010-11 fiscal year with much confidence in the long-term financial stability of our university and the knowledge our decisions will continue to make important contributions to the greater good of the province of Saskatchewan and the global community.
2009/10 Annual Report
Reporting our Progress: Annual Report 2009-10
The University of Saskatchewan has completed nearly two years of its second four-year integrated plan entitled Toward an Engaged University. Its implementation has centred on three priorities – improving the student experience, enhancing the university’s profile of research, scholarly and artistic work, and working together across boundaries.
The integrated plan outlined very specific commitments for the institution, the measure of success for each being a “By 2012, we will know we are on track if …” statement. The agenda is an ambitious one supported by four key strategies involving financial resources, capital resources, people resources, and quality and accountability. This report focuses on accomplishments and outcomes achieved to the conclusion of the second year of the plan on April 30, 2010.
While far from a comprehensive list, this annual report shines a light on the diversity and range of activities occurring across campus this year in colleges, units and combinations of these groups in each of the 20 commitment areas.
It is important to note that in addition to the considerable progress made at the mid-way point of the integrated plan, two additional and parallel projects have unfolded. The institutional positioning initiative will identify the University of Saskatchewan’s unique place within the Canadian post-secondary education sector allowing us to continue to move forward with messages that are credible, compelling and relevant. The university has also adopted an enrolment action plan that identifies 12 key initiatives that would have immediate and long-term impact on the size and shape of the student body.
With about two more years where the Second Integrated Plan: Toward an Engaged University will be a guidepost in measuring progress, the campus community will continue to develop initiatives, which move the University of Saskatchewan close to realizing its goals.