Annual Financial Report

2021/22 Annual Financial Report

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, 2022 and the results of its operations and the changes in its fund balances for the year then ended.

Shelley Brown Chair, Board of Governors

Message from Shelley Brown Chair, Board of Governors

For more than two years, the world around us has been shifting constantly, with new variants of the virus that causes COVID-19 continuing to emerge and causing us to reassess and change our plans. It has been a difficult year in many respects, as the pandemic has continued, delaying our return to campus plans and testing the resilience of all of us. As a Board, we have worked closely with the University of Saskatchewan’s senior leadership and taken great care to make the right decisions for the institution. I am proud that throughout the pandemic, the university has continued to provide high-quality education to students and has continued to invest in research and innovation with local and global impact.

The Board of Governors is entrusted to steward public funding—for operations, for research and for student support—in a manner that builds and maintains public trust and ultimately ensures the University of Saskatchewan continues to provide education and innovation to grow our province and improves quality of life for Saskatchewan and Canada.

In 2021-22, the Government of Saskatchewan implemented a multi-year funding arrangement for post-secondary institutions. This decision has given our institution a much-needed measure of predictability in very uncertain times and is helping us to make strategic, data-informed decisions about the future of the university. The Board of Governors remains committed to the sustainability of the institution and a bright future for Saskatchewan.

Shelley Brown 
Chair, Board of Governors

Past Reports


Controller’s Office

Phone: 306-966-1970

University of Saskatchewan
Administration Building, Room E271
Saskatoon, SK, S7N 5A2