been tasked with fleshing out these goals with strategies as well as short-, medium-, and long-term benchmarks. Implementation of this plan forms the basis of President Krygsman’s mandate. During the past year, significant progress was made with regard to Redeemer’s financial health. After many years of adjusting to a new operating “normal”, we have been able to move towards a balanced budget position as well as see a reduction in our debt. At the same time, we have implemented a new compensation grid for staff that will result in $500,000 per year of additional compensation that will be required in order to more equitably compensate the many dedicated faculty and staff who work so diligently every day to advance Redeemer’s mission. While hiring the right people, ensuring the money is in place to pay the bills, and planning for the future are important parts of the Board’s work, equally crucial is the responsibility that the Board has of protecting and articulating anew the mission of the University. During the past year, we spent a session at each of our Board meetings with faculty invited to join us, in which together we discussed how we might renew our Reformed identity in
a manner that would allow our distinctive mission to be articulated and lived. These discussions proved inspiring and helpful to both Board members and faculty. On behalf of the Board of Governors, let me thank the membership for the confidence placed in us and prayers offered for us as we seek to serve Redeemer to the best of our abilities. The thirty men and women who compose the Board bring diverse skill sets and perspectives which enliven our meetings but together the contribution is one we trust serves the University well. We also thank the membership for their continued support of Redeemer through the past year and we ask that you continue to show that support in the year to come. Looking forward to meeting you all again at the Annual General Meeting,
Ray Pennings, Board Chair
On behalf of the Board of Governors, let me thank the membership for the confidence placed in us and prayers offered for us as we seek to serve Redeemer to the best of our abilities.
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