University of Saskatchewan

University of Saskatchewan Reports




Nancy Hopkins, Chair, Board of Governors

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

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.

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Financial Services Division
Administration Building
105 Administration Place
Saskatoon, SK

S7N 5A2
Ph: (306) 966-6625