Annual Financial Report
2020/21 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, 2021 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
The pandemic has changed a great deal for all of us. For the University of Saskatchewan, the pandemic fundamentally changed the way that we teach, the way we learn, and the way we interact and connect with one another, locally and globally.
This fiscal year, everything essential to USask’s operations had to change in a matter of days. With great effort and skill, our institution transitioned teaching, learning and working into an online environment to ensure the safety of our campus community and beyond.
Through these extraordinary times, we never lost sight of our mission, vision and values, and our ultimate goal to be the university the world needs us to be. We rose to the challenge, one of the biggest challenges in our history, and continued to deliver outstanding academic programming, and conduct vital research that has application around the world. And despite the challenges of the pandemic, the University of Saskatchewan has remained financially stable thanks to sound leadership and strategic financial planning.
Guiding our important work— developing local solutions with global applications—is the unwavering commitment of the members of the Board of Governors. The Board ensures that we steward the public investment in our institution to be the university the world and this province needs us to be. And that is a responsibility that will not be changed by the challenges a global health crisis brings.
Chair, Board of Governors
University of Saskatchewan
Administration Building, Room E271
Saskatoon, SK, S7N 5A2