Annual Financial Report
2019/20 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, 2020 and the results of its operations and the changes in its fund balances for the year then ended.
Message from Shelley Brown Chair, Board of Governors
As we close this fiscal year, the world is experiencing a global pandemic that has changed us all forever. However, the mandate of the University of Saskatchewan (USask) has not changed. We continue to seek to improve the lives of people of the province and beyond. The Board of Governors works to ensure that we steward the public investment in our institution to be the university the world and this province needs.
The work undertaken by the university’s Board of Governors—as well as our institution’s priorities— take centre stage in the annual financial report. Through the numbers, the university’s important mission of teaching, learning and research are highlighted.
Our priorities are diverse, but they share something in common: they come together to strengthen our province. Whether that is through meeting the needs of the people of Saskatchewan, advancing the province’s innovation agenda, or providing the pathways and supports for students to help address emerging labour market demands, USask ensures Saskatchewan is strong. The board’s role is to ensure all of this is undertaken with a clear view to sound fiscal management, with increasing efficiency of operations, investments in our priorities, and the growth and diversification of our revenue streams.
We are entrusted with a very important responsibility, one that each member of our Board of Governors takes very seriously. We oversee public resources, and work to make sure those resources effectively support our priorities, which are necessarily aligned with those of the province. USask provides the people of Saskatchewan and beyond the opportunity to pursue a world class education. And USask develops leading edge research in order to find solutions to the most pressing global issues. All of this helps sustain Saskatchewan’s prosperity.
Chair, Board of Governors
University of Saskatchewan
Administration Building, Room E271
Saskatoon, SK, S7N 5A2