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2016 - 2017 Annual Report

LETTER OF TRANSMITTAL 2

November 30, 2017 The Honourable Herb Cox Minister of Advanced Education Legislative Building Regina SK S4S 0B3 The Honourable Minister Cox: On behalf of the Board, and in accordance with Section 16 of the Regional Colleges Act and Section 14 of the Regional Colleges Regulations, I am pleased to submit the Annual Report of North West College for the fiscal year ending June 30, 2017. Sincerely,

Ken Hodgson Acting Chair Board of Governors

NORTH WEST COLLEGE â€¢ 2016-2017 ANNUAL REPORT

Blue Flax Flower – Both beautiful and beneficial, flax is a harvested crop in northwestern Saskatchewan. For centuries, both Indigenous and newcomers have appreciated the medicinal benefits of this plant - high in omega 3.

Vision

Leaders in building community.

Mission

To provide adult learning opportunities and to promote life-long learning as a means of enhancing the cultural, economic and social life of the individuals and communities it serves.

Values

Excellence – We are outstanding and go above and beyond what is expected Integrity – We are accountable for our actions and we do what we say Invested – We are invested in our mission, vision, people and relationships Innovation – We are flexible, responsive, proactive and forward-thinking

TABLE OF CONTENTS

Board of Governors............................................................................ 6 Board Chair and President’s Message.................................................. 8 NWC At A Glance............................................................................. 10 Summary of Programs..................................................................... 12 Basic Education.............................................................................. 16 Skills Training...................................................................................18 University........................................................................................ 20 Student Services.............................................................................. 22 Student Achievements...................................................................... 24 Administration................................................................................. 28 Human Resources........................................................................... 29 Glossary of Terms............................................................................ 30 Staff Directory................................................................................. 32 Financial Statements........................................................................ 34

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Marquis Wheat – Farming in the west was floundering in the 1880s before the introduction of this hearty, weather-resistant, and fast growing wheat. Thanks to Marquis, the prairies became the breadbasket of Canada by the 1900s, fueling a local population boom and leading to this province’s founding.

TISHANNA, EARLY CHILDHOOD EDUCATION

BOARD OF GOVERNORS 6

Acting Chair KEN HODGSON Big River

Board Member CAREY BAKER Unity

Board Member GAETAN COUTURE Victoire

Vice-Chair BYRON MERKOSKY Edam

Board Member ANN MCARTHUR Battleford

Board Member WAYNE PIKE Meadow Lake

NORTH WEST COLLEGE â€¢ 2016-2017 ANNUAL REPORT

Regular Board Meetings August 29, 2016 September 26, 2016 November 1, 2016 November 28, 2016 January 30, 2017 April 24, 2017 June 26, 2017

Annual Meeting June 26, 2017

BOARD CHAIR AND PRESIDENT’S MESSAGE 8

Board Chair and President’s Message On behalf of the Board of Governors and staff of North West College, we are pleased to submit the annual report and audited financial statements for this fiscal year ending June 30, 2017. As the premier post-secondary institution in northwestern Saskatchewan, North West is proud to offer the breadth of learning opportunities that our communities need. Adult Basic Education, Skills Training, University programs, industry certificates and special interest courses ensure our region has the skilled workforce it needs to meet the challenges of Saskatchewan’s growing economy. Diversity is integral to North West’s strength. Diversity in our program offerings, diversity in our staff, and diversity in our students. For the past five years, North West has been proud to report that over half of our students self-identify as Indigenous. Situated on Treaty 6 territory and home of the Métis, this place holds powerful history and identity for all who live here, Indigenous and newcomer alike. The importance of place contributes to our commitment to rural education, in bringing educational opportunities to those we serve in the places that sustain them. As such, this 2016-17 annual report celebrates the accomplishments and highlights the challenges of an institution that honours the space, place and natural gifts that unite us. We wish to thank all supporters and friends of North West for continuing to work with us over the 20162017 year. These partnerships enable our College to positively impact the economic and social landscape of our region, province and country. Thank you,

Tavia Laliberte President & CEO

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Ken Hodgson Acting Board Chair

BRANDEM, HETTT (INSTRUCTOR)

NWC AT A GLANCE

At A Glance Figure 1. Proportion of students in each program area, based FLEs. Proportion ofonStudents (FLEs)

Financial Operations $13 Million

99.34 FTEs

University

38%

Skills Training

56%

Basic Education

Meadow Lake Provincial Park Waterhen Lake FN

Figure 2. 2016-2017 Program Sites Campus locations

Big Island Lake CN

" ) 55

¬ «4 Flying Dust FN

( !

Makwa Sahgaiehcan FN

Ministikwan Lake CN

Meadow Lake

Prince Albert National Park

Loon Lake Big River

Onion Lake CN

Out-of-region Locations: Birch Narrows First Nation Lloydminster

" )3

Paradise Hill

( !

Thunderchild FN

( !

Turtleford

! H

¬ «4 Pelican Lake FN

St. Walburg

Big River FN ! ( Leoville

Witchekan Lake FN

Livelong

! (

( !

Spiritwood

Northlands

North West College

Moosomin FN Lucky Man FN

Poundmaker CN

Cumberland

Cut Knife

Great Plains

! H Sweetgrass FN

Parkland

Mosquito FN Unity

14 ) ! H"

Blaine Lake

The Battlefords

! H

Wilkie

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

! H

Beardy's and Okemasis CN

Duck Lake

! (

¬ « 40

16 ¬ «

Waldheim

28 " )

! H

Shellbrook

! (

Muskeg Lake CN ! ( Leask

Lakela.nd

Carlton Trail

! (

Mistawasis FN

16 ¬ «

Little Pine FN

Sturgeon Lake FN Canwood

! Shell Lake (

Maidstone

( !

Debden

Ahtahkakoop CN

( ! Saulteaux FN

Southeast

Full-Time Equivalent Staff

Red Pheasant CN

! H Radisson

( Hepburn !

! (

( !

Rosthern

Hague

( !

Canola â€“ This hybrid plant was developed at the University of Manitoba during the 1970s and has grown to represent a major cash crop in our region. Fields of vibrant gold in July and August are a symbol of prosperity to all.

North West By the Numbers 2611 students 25 communities including 15 First Nations acted as program sites 219 people employed $77,500 awarded in scholarships 275 students exposed to work placements 10 Master of Education Graduates

97% Student Satisfaction Rate 59% Aboriginal Participation Rate 82% Graduate Employment Rate* *Among contacted Institute Credit graduates 60-90 daysâ€™ post-graduation. Includes those who are employed or pursuing additional education.

DAWN, ADULT BASIC EDUCATION

SUMMARY OF PROGRAMS

Summary of Programs

North West takes pride in its commitment to excellence, integrity, innovation and investment in the programs it offers and the communities it serves. This adherence to our values continued to be self-evident in 2016-17. The student population grew to over 2600 with a greater number of students taking advantage of our diversified program delivery initiative, enrolling in part-time, evening, weekend and off-site skills programs. Committed to fueling the labour market needs of the region, North West offers programs and services to support students in their individualized education goals. As a result of our reputation for excellence in program delivery and student success, North West continues to build productive partnerships with Saskatchewan Polytechnic, the University of Saskatchewan, the University of Regina and other brokering agencies. These collaborations along with the personal investments of our exceptional instructors and staff, ensure our students receive the highest quality of education while reaping all the benefits of remaining close to home.

Figure 3. Enrollment by individual registration including full-time, part-time & casual students.

Graduated 74 Students from Adult 12 103 University Students Registered

EAL ABE 131 Non-Credit 337 ABE Credit 500

Non-Credit Skills Training 136

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

University 103

Institute Credit 400

Industry Credit 1004

Sage â€“ Sage is a sacred plant with many uses among both Indigenous and newcomers in our region. Used in cleansing smudges and a key ingredient in Thanksgiving and harvest celebrations, sage is a plant that brings people together for healing and fellowship.

Summary of Enrollment of 2016-2017 In 2016-2017 NWC served 2611 students or 854 full-load equivalents (FLEs) in University, Skills Training and Adult Basic Education programming. Table 1 presents a summary of enrollment with a comparison to 2015-2016. Table 1. Comprehensive Enrollment by Program Program Groups

Skills Training

Basic Education

Institute Credit Industry Credit Non-credit Total Skills Training BE Credit Adult 12 Adult 10 Academic GED Total BE Credit BE Non-credit Employability/Life Skills English Language Training General Academic Studies Literacy Total BE Non-credit Total Basic Education

University Total Enrollment

Enrollments FT 247 0 0 247

2015-16 PT C 149 16 49 523 50 106 248 645

FLEs 308 13 6 327

FT 233 0 0 233

2016-17 PT C FLEs 163 4 293.1 230 774 29.1 46 90 5.2 439 868 327.5

198 155 4 357

72 63 11 146

0 0 0 0

214 152 4 370

185 158 0 343

84 73 0 157

174 0 0 8 182 539 49 835

151 165 0 29 345 491 46 785

0 0 0 0 0 0 0 645

143 27 0 6 176 546 56 929

140 0 0 4 144 487 40 760

139 131 3 51 324 481 63 983

0 193.4 0 145.4 0 0 0 338.8 0 0 0 0 0 0 0 868

114.8 22.6 0.2 3.4 141.0 479.8 47.0 854.2

FT= Full-time student, PT= Part-time student, Cas= Casual student, FLE= Full Load Equivalent student

SUMMARY OF PROGRAMS

Committed to Rural Education In 2016-2017 North West continued to stretch resources to serve its numerous rural communities. The College’s catchment area includes 1/3 of the province’s registered First Nations and as such, Indigenous education and rural outreach remain an intrinsic component to the work undertaken at the College. This past year, North West offered programs in 25 different communities including 15 First Nations. One such program was a partnership with Little Pine First Nation (LPFN) and the National Indian Brotherhood Trust to deliver a Youth Care Worker certificate program in community. LPFN chose this program to not only educate and to prepare local people to support their youth to lead healthy productive lives but to also promote healing and reconciliation. The program proved hugely successful with 88% of students completing the program. North West understands that student success is exponentially increased by proximity to family, community and cultural supports. By cultivating life-long learners, North West ensures northwest Saskatchewan benefits from the entrepreneurs, journeypersons, and skilled employees needed to meet the challenges of today’s global economy.

TOM (INSTRUCTOR) AND HIS LEVEL 2 CLASS AT MUSKEG LAKE CREE NATION

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

33 Programs Offered Off-Campus 37% of Students Study Off-Campus

DONOVAN, ADULT BASIC EDUCATION AT BEARDYâ€™S & OKEMASIS CREE NATION

SUMMARY OF PROGRAMS

Adult Basic Education

Level 3-4

A major provider of Adult Basic Education in the province, North West understands that a strong ABE program is the foundation for further learning, career attachment and long-term personal success for our students. In 2016-17, North West offered 47 unique Adult Basic Education programs at 21 distinct locations across the region. This year, 500 students enrolled in Level 2, Level 3 (Adult 10) and Level 4 (Adult 12) programs. 2016-17 marked the second successful year for the Battlefords Campus, Level 3 Work Integrated Learning (WIL) program. Students in this program are guided through the stepby-step process of starting a small business while fulfilling the Level 3 curricular outcomes. For two years the College has enjoyed the delicious items that result from this program at the coffee kiosk, but new to the business in 2016-17 was a hydroponics tower to supply fresh vegetables for snack bags. Above and beyond the obvious practical benefits to embedding these job-ready skills, the WIL program format has increased student attendance, retention, and success by 10-15% respectively. Given these results, North West is exploring this programming format. North West continues its commitment to inclusive learning. The College is proud to report that 89% of ABE Credit students self-identify as Indigenous and 7% declare a disability. North West graduated 74 students who received Level 4 (Adult 12) standing from the Ministry of Education. Over the last five years, North West has graduated over 400 students with Level 4 (Adult 12).

Literacy Programs and Essential Skills

Additional revenue is critical to the continuation of the College’s foundational work in essential skills and literacy programming. A significant portion of program dollars are procured through grant applications and external funding programs. Big River First Nation, Big Island First Nation, Meadow Lake Campus and Battlefords Campus all hosted literacy programs this past year. An additional grant was garnered through the Saskatchewan Community Literacy Fund to promote reading within the family and provide training regarding food security for community members near North West’s northern campus in Meadow Lake. The Brain Food Initiative was open to community members and their families with evening sessions discussing healthy, affordable nutrition options and family activities to encourage literacy, numeracy and problem solving.

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

The College received support from the Ministry of the Economy to offer one Essential Skills for the Workplace Program (ESWP) in partnership with the Meadow Lake Chamber of Commerce. The goal of this project was to support students in developing their retail and customer service skills with particular focus on the food and beverage industry. Meadow Lake Tribal Council also supported this project through student recruitment.

English as an Additional Language

In 2016-17 North Westâ€™s EAL program continued to thrive. North West served 131 students in the communities of North Battleford, Meadow Lake and Rosthern. Locations were selected based on identified need and community interest. EAL courses continue to be offered both during the day and in the evening to accommodate the full-time work schedule of many students.

SHAYLON, LESLEY (INSTRUCTOR) AND KENESHIA, LEVEL 3 WIL PROGRAM.

SUMMARY OF PROGRAMS

Skills Training As part of the 2015-18 Strategic Plan, North West has made a commitment to program diversification to ensure students across our region can train for the careers they want close to home. In 2016-17, this resulted in seven Continuing Care Assistant programs in locations such as Spiritwood, Big River and Debden, Food Service Cook programs at Makwa Sahgaiehcan First Nation and Big River First Nation, and evening and weekend programs like the Primary Care Paramedic program in the Battlefords. These programs fit the lives of our students and their communities. North West’s responsive program planning translates into programs that are offered when they are needed, where there is a market demand for those services, and with the perspective students needed to make the program a success. As a small College, North West can adapt quickly to meet the immediate program needs of Saskatchewan’s northwest.

Institute Credit programs offered included: Business Trades Health Community Services

Business, Office Education Electrician, Food Service Cook, Heavy Equipment Technician, Heavy Equipment Operator, Plumbing & Pipefitting, Professional Cooking, Welding Continuing Care Assistant, Practical Nursing, Primary Care Paramedic Early Childhood Education, Security Officer, Youth Care Worker

Industry Credit: We also offered Industry Credit programs which enable participants to gain and retain employment in the industry where such training is required. These include Safety tickets, First Aid/CPR and other industry requirements.

Non-Credit: Non-Credit programming includes community interest classes, computer training, software training, and professional development classes including programs as diverse as Conversational Cree and Nutrition Coordinator training.

92% Institute Credit Seats Filled 1004 Industry Credit Students

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Industry Partnerships North West is dedicated to working with industry to ensure our students are receiving the specific training needed for direct entry into the workforce. In 201617, North West continued its partnership with RobWel Ltd. in Meadow Lake to offer the Plumbing & Pipefitting program at their Meadow Lake worksite. This partnership offers practical training and career bridging for students beginning a career in this sought-after trade.

Community Engagement Committed to serving the region, North West partners with the North West Career Development Partnership to offer an annual Try-A-Trade event. An interactive showcase featuring 49 local businesses and trades. Students from 44 schools across the region attend to learn more about potential training and career options. In the fall of 2016, over 1400 people attended this public educational event drawing participants from our region and beyond.

Employment Success

TRY-A-TRADE 2016

North West is invested in ensuring students successfully transition to the workforce post-graduation. Through experiential workplace exposure and a suite of job readiness services, North West College graduates are ready to hit the job market. These value-added services help explain why 84% of our Institute Credit and ABE grads are employed or pursing additional education 60-90 days after graduation.

SUMMARY OF PROGRAMS

University

North West offers a variety of university courses through both the University of Saskatchewan and the University of Regina. These courses boast small class sizes and high student-toteacher ratios. University students at North West also benefit from value-added services such as lunch & learn sessions, study skills seminars and tutoring services. This individual attention along with the personal and financial benefits of studying at home are major factors in our high completion rate and our increased university enrollment in university programs during 2016-17. Starting a university program at North West is the first step to obtaining a valuable degree and transitioning to a professional field.

Bachelor and Master of Education Programs In 2016-2017, North West’s university education programs continued to produce and support exceptional teacher training in the northwest. Partnering with the University of Regina - Faculty of Education, North West produced its third cohort of Master of Education graduates in July, 2016, boasting a 92% completion rate and ten graduates. A third cohort of Bachelor of Education students entered their third year of training at our Meadow Lake Campus.

27 Face-to-Face University Courses Offered 597 University Course Enrollments Low Student to Teacher Ratio – 15 to 1 in 1st Year Face-to-Face Classes

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

TARA, MELVIN, RHONDA AND JAELA, MASTER OF EDUCATION GRADUATES

STUDENT SERVICES

Student Services

Tremendous student services play a significant role in North West’s institutional success. Strategic key performance indicators such as student retention and graduation rates are heavily influenced by the College’s dedicated student services staff and the supports they provide. Prospective students are guided through a comprehensive intake process by highly trained staff. This one-on-one attention allows for the early identification and mitigation of barriers to academic success. Continuous follow-ups, job coaching and career supports ensure students know that North West is invested in their personal and professional success. New in 2016-2017, North West introduced the ‘Community Builders’ leadership initiative to foster leadership skill development. In May 2017, under the purview of this strategic initiative, North West held a student conference entitled, “Start Here, Go Anywhere!” with a central theme of Truth and Reconciliation. Presentations by Elder Gladys Greyeyes, a KAIROS blanket exercise, and a keynote address by Don Burnstick were emblematic of this powerful event. Through the Community Builders initiative, students develop leadership and critical thinking skills that will support their professional development as they successfully transition to careers. Intake and Assessment are critical to ensuring students have the supports they need in place even before they begin their coursework. A comprehensive intake and assessment process has been developed to identify and reduce potential barriers to success, assess special academic needs, and ensure appropriate workplace exposure before graduation. This process isn’t merely a checklist or survey but a series of in-depth conversations with each student. Our highly trained student services associates invest in our students, ensuring that each feel supported, welcomed, and known.

78% Retention Rate for Full Time Students

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Saskatoon Berries – A symbol of central Saskatchewan, Saskatoons grow wild in North West’s region. From pies to traditional pemmican, these berries are always welcome at the table.

North West Provides:

• Daycare spots allotted to the Battlefords, Meadow Lake and Duck Lake sites. • Student Residence contains 40 suites and 96 bedrooms to support students and their families at the Meadow Lake Campus • A comprehensive scholarship program in partnership with our community sponsors and the provincial government amount to $77,500.

NADINE (ABE), JENNIFER (STUDENT SERVICE ASSOCIATE) TAMARA (ABE)

STUDENT ACHIEVEMENT

Student Achievement The North West student success rate continued to grow year-over year with an overall increase of 4% in 2016-2017. Skills Training showed the most substantial increase with 89% of students completing or graduating. Student success is a paramount objective for all members of the North West community. Our instructors, administrators, support staff all want to see our students thrive and succeed. This commitment is evident in the student success rates achieved this past year. It is also a major factor in our student satisfaction rate of 97%. In 2016-17, 82% of Institute Credit and Adult Basic Education graduates were either working or pursuing further education within three months of graduation. Table 2. Student Success by Program Groups Program Groups

2016-17 Completed Graduated

Enrolled

Skills Training

Institute Credit Industry Credit Non-credit Total Skills Training BE Credit Basic Education Adult 12 Adult 10 Academic GED Total BE Credit BE Non-credit Employability/Life Skills English Language Training General Academic Studies Literacy Total BE Non-credit Total Basic Education University Total Enrollment

FT PT Cas 233 163 4 0 230 774 0 46 90 233 439 868 185 84 158 73 0 0 343 157 140 0 0 4 144 487 40 760

Cas 0 762 0 762

Completed or Graduated FT & PT 78 100 100 89

3 2 0 5

0 0 0 0

71 57 100 65

118 38 0 0 0 0 81 0 0 0 0 3 0 0 0 3 35 0 0 0 121 157 0 0 0 272 191 0 133 5 16 54 0 0 10 313 386 107 280 303

0 0 0 0 0 0 0 762

56 62 100 69 59 62 78 74

FT PT Cas FT PT 25 61 3 147 77 0 34 14 0 211 0 46 90 0 0 25 141 107 147 288

0 92 0 59 0 0 0 151

139 0 131 0 3 0 51 0 324 0 481 0 63 0 983 868

26 8 0 34

0 71 0 62 0 0 0 133

FT = Full-Time Student, PT = Part-Time Student, Cas = Casual Student, FLE = Full Load Equivalent Student

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

ALICIA, CONTINUING CARE ASSISTANT

STUDENT ACHIEVEMENT

Student Achievement

2012 marked the tipping point wherein the College served more Indigenous learners than nonIndigenous. This proportion has continued to grow sitting at 59% in 2016-2017. This remains significantly higher than the regional proportional representation which sits at approximately 35%. This tremendous representation of Indigenous learners is due in large part to the close partnerships the College maintains with Indigenous communities within the region. In 20162017, North West College guided 65 Indigenous learners to Adult 12 (Level 4) graduation. Table 3. Enrollment Statistics Including Completers and Graduates for Equity Groups Program Groups E (#) Skills Industry Credit 475 Training Institute Credit 224 Non-credit 26 Total Skills Training 725 Adult 12 227 Basic Education Adult 10 219 Academic GED 0 Employability/Life Skills 267 English Language Training 0 General Academic Studies 2 Literacy 49 Total Basic Education 764 University 43 Total Enrollment 1532

Indigenous C G (#) (#) 42 448 32 126 26 0 100 574 92 65 61 59 0 0 147 0 0 0 2 0 35 0 337 124 29 3 466 701

Visible Minority Disability % E C G % E C G % C+G (#) (#) (#) C+G (#) (#) (#) FLEs 100 18 0 18 100 17 3 15 100 71 21 6 14 95 17 4 8 71 100 4 4 0 100 2 2 0 100 93 43 10 32 98 36 9 23 89 69 9 5 3 89 18 15 2 94 55 3 0 2 67 17 8 4 71 0 0 0 0 0 0 0 0 0 55 5 2 0 40 16 11 0 68 0 28 15 0 54 1 0 0 0 100 0 0 0 0 0 0 0 0 71 2 2 0 100 5 3 0 60 60 47 24 5 62 57 37 6 75 74 4 2 0 50 5 4 0 80 76 94 36 37 78 98 50 29 81

E= total enrollments; C= completers: # of students who completed course requirements or remained to the end of the program; G= graduates: # of students who successfully completed all course requirements resulting in achievement of certification by a recognized credit granting institution or recognized industry.

59% Indigenous Participation Rate

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

North West Succeeds

2016-17 North West continued its tradition of Indigenous Educational Success: Total College Student Success Rate University 78% Institute Credit 78% Adult 12 (Level 4) 71% Indigenous Student Success Rate University 74% Institute Credit 71% Adult 12 (Level 4) 69%

ELIZABETH, PROFESSIONAL COOK

ADMINISTRATION

Revenue

Federal Funding 2%

Expenses Equipment IT 1% Amortization 2% 7%

Other 7%

Contracts 8% Tuition 13%

Facilities 8%

Provincial Funding 70%

Agency 9%

Salaries & Benefits 58%

Operating 15%

Strategic Values in Practice IT Investment – Committed to continuous Innovation, as part of the 2015-2018 Strategic Plan, a staff intranet was developed for internal use. With web access from a login on the College website main page, staff from across our region now have access to internal documents, teaching resources and administrative forms online. This internet-based internal communication tool is vital in ensuring North West College’s rural sites feel supported and apprised of the latest organizational developments. Also in 2016-2017, North West continued to make investments in IT, replacing all onsite servers.

Space Constraints – As a provincial leader in Indigenous education with a regional population that continues to outstep the provincial growth average, North West continues to struggle with space constraints throughout the region. The most acute need can be felt in the Battlefords, where nearly 100 Institute Credit students annually receive training in leased spaces spread throughout the city. Unfortunately, these students do not benefit from having ready access to campus services and supports. A business plan has been developed to alleviate this strain on campus space by building a stand-alone campus to meet the growing need for skills training in Saskatchewan’s northwest.

Risk Management – Managing risk involves an investment in training and a commitment to innovation to create a culture of healthy risk awareness. As part of North West’s ongoing 20152018 Strategic Plan, the Enterprise Risk Management Plan framework was developed in 20162017, with full implementation scheduled for 2017-2018.

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Western Red Lily â€“ The Western Red Lily is the official flower of Saskatchewan. The image of this protected species stretches over the green forest and gold fields on our provincial flag, straddling both these ecosystems much like the territory of North West College which includes both forest and field.

Human Resources At North West, our greatest resource is our people, and as such, staff recruitment and retention remain a strategic priority. North West College conducted its second annual Employee Engagement survey in April, 2017 to measure employee satisfaction. The College received an overall satisfaction rate of 87.3%. Committed to continued innovation is staff satisfaction initiatives, the College continues to invest in people to warrant positive staff recruitment and retention. During the 2016-2017 fiscal year, the College employed: FTE In-scope: 84.17 FTE Out-of-Scope Management: 10.00 FTE Out-of-Scope (including casual): 5.42 Total FTE: 99.58

SUSAN, CCA (INSTRUCTOR)

Glossary of Terms Full-Time Student: Is defined as one who is taking courses that collectively require a minimum of 18 hours of scheduled class time per week for a minimum period of 12 weeks. There are two exceptions to this definition: a) For Apprenticeship and Trade: a complete level (the length depends on the trade) is required; b) For university courses: a minimum of 216 hours of scheduled class time per academic year.

Part-Time Student: Is defined as (a) one who is taking courses of less than 12 weeks duration, even if they collectively require more than 18 hours of scheduled class time per week; or (b) one who is taking courses that are at least 12 weeks in duration but collectively require less than 18 hours of scheduled class time per week.

Casual Student: Is defined as one who is taking courses within a program group that collectively totals less than 30 hours of scheduled class time.

Full-Load Equivalent: Is defined as the total participant hours divided by the accepted full-load equivalent factor for a program group.

Institute Credit: Programs brokered from Saskatchewan Polytechnic or other training program suppliers. Industry Credit: Short-term safety training or training to meet specific industry needs.

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

KELLY, EDUCATION RESOURCE CONSULTANT

North West College Staff Academic Anderson, Brandem ��Instructor, HETTT (ML) Arcand, Shirley................................. Instructor, Office Administration (NB) Auchstaetter, Karen ��Instructor, ABE (NB) Baxter, Mary Anne �� Instructor, EAL (NB) Bedi, Dona...................................................Instructor, CCA (Spiritwood) Berezowsky, Mary.......... Instructor, Post Secondary Communications (ML) Boyko, Michael..................................Instructor, ABE (Big Island Lake FN) Brace, Darlene................. Instructor Aide, Special Needs Tutor (Duck Lake) Brace, Bill.................................................. Instructor, ABE (Beardy’s FN) Brown, Kim ��Instructor, ABE (ML) Brucks, Susan �� Instructor, CCA (ML) Budd, Dale......................................Instructor, Professional Cooking (ML) Bullerwell, Trudy................. Instructor, Aide, Facilitator (Various Locations) Burry, Lisa..............................................................Instructor, ABE (ML) Campbell, Tara...................... Instructor, Part-Time, Practical Nursing (NB) Charabin, Douglas ��Instructor, ABE (Leask) Chipak, John.............................................Instructor, Part-Time ABE (NB) Clarke, Brent �� Instructor, EAL (NB) Claxton, Thomas ��Instructor, ABE (Leask) Coldwell, Wade ��Instructor, ABE (NB) Crighton, Alan..... Instructor, Food Services Cook (Makwa Sahgaiehcan FN) Dancy, Nancy............................Instructor, ABE (Makwa Sahgaiehcan FN) Day, Charles............................................. Instructor, ABE (Mosquito FN) Dijeh, Jennifer........................................ Instructor, ABE (Mistawasis FN) Embree, Ron................................. Instructor, Plumbing & Pipefitting (ML) Endale, Negussie E............... Instructor, Youth Care Worker (Little Pine FN) Felix, Sandra........................................ Instructor, ABE (Pelican Lake FN) Gagnon, Carmen ��Instructor, ABE (ML) Gerber-Pauls, Patricia ��Instructor, EAL (Rosthern) Grant-Iverson, Donna ��Instructor, CCA (NB) Hasselberg, Leah ��Instructor, CCA (NB) Hawkey, Candice ��Instructor, ABE (NB) Heintz, Murray ��Instructor, ABE (NB) Henderson, Joyce �� Instructor, ABE (Debden) Hiebert, Kenneth ��Instructor, ABE (ML)

Jackow, Deborah....................................... Instructor, CCA (Big River FN) Johnston, Tressa ��Instructor, ABE (NB) Kauth, Amie......................................Instructor, Business Certificate (NB) Krismer, Vera......... Instructor, Post Secondary Communications & HR (NB) Krushelniski, Verna ��Instructor, ABE (Leoville) Leach, Paula �� Instructor, EAL (NB) Leask, Glen............................................... Instructor, ABE (Mosquito FN) Maier, Lea-Ann ��Instructor, ABE (NB) Martens, Allwyn............................. Instructor, Part-Time, CCA (Maidstone) Martin, Nancie ��Instructor, ABE (NB) Mattock, Elaine............................................... Instructor Aide, Tutor (ML) Maurer, John.................................................. Instructor, Electrician (NB) McAmmond, Kim �� Instructor, Electrician (ML) McWatters, Patricia............................... Instructor, Practical Nursing (NB) Metrunec, Anne.................................Instructor, ABE (Witchekan Lake FN) Monette, Carolyn................................. Instructor, Youth Care Worker (NB) Morin, Richard ��Instructor, ABE (ML) Nickel, Kelly......................................Education Resource Consultant (NB) Nordin, Denise.................................................. Instructor, ABE (Debden) Norgaard, Jennie.......................................... Instructor, ABE (Duck Lake) Poffenroth, Aileen ��Instructor Aide, Tutor (NB) Pollard, Christine �� Instructor, EAL (NB) Robinson, Brett ��Instructor, ABE (NB) Roche, Wendy.................................................Instructor, Hairstylist (NB) Russell, Robert.................................................. Instructor, Welding (ML) Sanderson, Arlene......................................... Instructor, ABE (Duck Lake) Sirois Bonneau, Denise........... Instructor, Food Service Cook (Big River FN) Slater, Laura �� Instructor, EAL (NB) Smith, Charles.................................... Instructor, ABE (Various Locations) Smith, Donald............................... Instructor, Plumbing & Pipefitting (NB) Stobbe, Cheryl ��Instructor, ABE (ML) Strelezki, Sandra.............................. Instructor, Office Administration (ML) Wasyliw, Audrey...................... Instructor, Early Childhood Education (NB) Weiman, Lesley ��Instructor, ABE (NB) Wood, Barton.......................................... Instructor, Security Officer (NB) Wood, Grant......................................................Instructor, ABE (Leoville)

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

Student Services

Program Coordinators

Alger, Dawn �� Job Coach (ML) Fox, Krista..............................................Student Services Associate (NB) Gattinger, Loralee �� Registrar (NB) Gibson, Mary-Ann...................................Student Services Associate (NB) Gunderson, Mark....................................Student Services Associate (ML) Kwong, Gregory..................................... Student Recruitment Officer (NB) Laliberte, Angel.......................................Student Services Associate (ML) Piche, Jessica........................................Student Services Associate (ML) Sarvas, Jackie �� Job Coach (NB) Whyte, Jennifer.......................................Student Services Associate (NB)

Conrad, Tracey....................................... Post-Secondary Programs (ML) Gartner, Lindsey �� Student Services (NB) Huskins, Amanda..........................................Adult Basic Education (ML) Miller, Shelley �� Student Services (NB) Nachbaur, Miles.... Business, Industry, Community & Student Housing (ML) Robinson, Marney...........Business, Industry, Community & University (NB) Rooke, Jennifer..............................................Adult Basic Education (NB) Rose-Kadler, Hilda �� Student Services (ML) Zanyk, Bryon...................................... Technical & Trades Programs (NB)

Corporate Services Administration Bast, Anna........................................................ Program Secretary (NB) Bell, Patricia...............................................Student Residence Clerk (ML) Brown-Kopera, Kim �� Administration Clerk (NB) Desai, Kosha ��Accounting Clerk (NB) Fegan, Nahla ��Accounting Clerk (NB) Hildebrand, Holly......................................... Evening Program Clerk (NB) King, Donna.................................................Administrative Support (ML) Laliberte, Lynora..........................................Administrative Support (ML) Lepage, Wendy... Administrative Support - Administration & Bookstore (ML) Poock, Lois..................................... Reception / Career Center Clerk (NB) Rose, Dawn.................................... Reception / Career Center Clerk (NB) Shryko, Sherri.............................................. Evening Program Clerk (ML) Sych, Nadine................................... Reception / Career Center Clerk (NB) Tatton, Michelle................................ Reception / Career Center Clerk (NB) Walker, Jeanna.............................Programs Administrative Assistant (NB) Weber, Crimpson.......................Program Secretary, Basic Education (NB) Weber, Wanda ��Accounting Clerk (NB)

LEGEND ABE - Adult Basic Education EAL - English as an Additional Language ESWP - Essential Skills for the Workplace

CCA - Continuing Care Assistant FN - First Nation ML - Meadow Lake NB - North Battleford

Ibrahim, Hassan........................ Assessment & Accountability Coordinator Rowswell, Kendra..............................Marketing & Communicatins Officer Tatchell, Joanne..... Office Clerk-Secretary, President’s Office & Marketing (NB)

Facilities Aulinger, James �� Custodian (NB) Bajalovic, Davorin....................................... Maintenance Custodian (NB) Mutch, Owen.................................................... Residence Operator (ML)

Information Technology Lanson, Darrell............................Information Technology Technician (ML) Vany, Jason............................ Inoformation Technology Coordinator (NB)

Management Beaudry, Marlene �� Executive Secretary (NB) Brown, Dr. Willow......................................... Director, North Region (ML) Coulson, Patricia................................... Human Resources Manager (NB) Laliberte, Tavia............................. President & Chief Executive Officer (NB) Lamb Drover, Dr. Victoria ��Corporate Services Manager (NB) Piller, Jordan...................................................... Facilities Manager (NB) Roberts, Melanie............................................. Director of Programs (NB) Schulkowsky, Marla �� Controller (NB) Studney, Tanis...........................Director of Finance & Administration (NB) Taylor, Sharon...................................... Human Resources Associate (NB)

FINANCIAL REPORTS 34

MANAGEMENT REPORT

North West College Report of Management The North West College’s management is responsible for the preparation of the financial statements in accordance with Canadian public sector accounting standards for government not-for-profit organizations and in accordance with guidelines developed by the Minister of Advanced Education and Minister of the Economy. The preparation of financial statements necessarily involves the use of estimates based on management’s judgment, particularly when transactions affecting the current accounting period cannot be finalized with certainty until future periods. The College’s management maintains a system of accounting and administrative controls to ensure that accurate and reliable financial statements are prepared and to provide reasonable assurance that transactions are authorized, assets are safeguarded, and the financial records are properly maintained to provide reliable information for the preparation of financial statements. The Board of Directors are responsible for reviewing the financial statements and overseeing Management’s performance in financial reporting. The Board of Directors meets with Management and the external auditors to discuss and review financial matters. The College approves the financial statements and the annual report. The external auditors, Vantage, Chartered Professional Accountants, conduct an independent examination in accordance with Canadian auditing standards and express their opinion on the financial statements. The accompanying Auditor’s Report outlines their responsibilities, the scope of their examination and their opinion on the College’s financial statements. The external auditors have full and free access to, and meet periodically and separately with, both the Board of Directors and management to discuss their audit findings.

_________________________________ Tavia Laliberte Chief Executive Officer

_________________________________ Tanis Studney Director of Administration

September 25, 2017

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

INDEPENDENT AUDITORS' REPORT To: The Board of Directors of North West College We have audited the accompanying financial statements of North West College, which comprise the statement of financial position as at June 30, 2017, and the statements of operations and accumulated surplus, changes in net financial assets, and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian public sector accounting standards for government not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of North West College as at June 30, 2017 and the results of its operations, changes in net financial assets, and its cash flows for the year then ended in accordance with Canadian public sector accounting standards for government not-for-profit organizations.

Chartered Professional Accountants

North Battleford, Saskatchewan September 25, 2017

FINANCIAL REPORTS

Sweetgrass â€“ Native to our region, sweetgrass grows in moist meadows and near sloughs. Sweetgrass is a sacred plant often braided and used for ceremonial smudgings. It is also a powerful blood thinner in tea form.

FINANCIAL REPORTS

June 30 2017 Financial Assets Cash and cash equivalents (Note 3) Accounts receivable (Note 4) Inventories for resale (Note 5) Portfolio investments (Note 6)

Total Financial Assets

June 30 2016

2,142,686 326,667 42,871 58,272

2,553,276 234,903 27,763 55,993

2,570,496

2,871,935

224,443 209,989 97,696 216,800 259,281

209,200 242,392 115,431 203,800 377,685

Total Liabilities

1,008,209

1,148,508

Net Financial Assets

1,562,287

1,723,427

Non-Financial Assets Tangible capital assets (Note 12) Prepaid expenses (Note 13)

8,785,856 58,347

9,466,057 60,335

Total Non-Financial Assets

8,844,203

9,526,392

Liabilities Accrued salaries and benefits (Note 7) Accounts payable and accrued liabilities (Note 8) Deferred revenue (Note 9) Liability for employee future benefits (Note 10) Long-term debt (Note 11)

Accumulated Surplus

10,406,490

11,249,819

Accumulated Surplus is comprised of: Accumulated surplus from operations (Note 19) Total Accumulated Surplus

$ $

10,406,490 10,406,490

$ $

11,249,819 11,249,819

Contingent Liabilities (Note 20)

The accompanying notes and schedules are an integral part of these financial statements On behalf of the Board: Chairperson Vice-Chairperson

Statement 1

North West College Statement of Financial Position as at June 30, 2017

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

2017 Budget Revenues (Schedule 2) Provincial government Grants Other Federal government Grants Other Other revenue Contracts Interest Rents Resale items Tuitions Donations Other Total revenues

9,191,431 213,300

2017 Actual

2016 Actual

8,930,496 248,486

8,899,128 826,221

265,000 -

206,548 -

264,474 -

848,339 32,000 323,438 250,000 1,676,933 40,000 177,000 13,017,441

1,121,208 36,583 321,299 320,227 1,659,558 66,602 241,112 13,152,119

1,001,648 31,153 329,567 335,487 1,656,777 43,171 225,711 13,613,337

Expenses (Schedule 3) General Skills training Basic education Services University Scholarships Student housing Total expenses

6,048,876 3,330,558 2,573,811 1,470,691 367,836 70,000 292,696 14,154,468

5,877,560 3,127,573 2,671,202 1,536,798 368,227 94,624 319,464 13,995,448

5,749,450 2,840,684 2,801,763 1,573,559 335,005 72,544 313,211 13,686,216

Deficit for the Year from Operations

(1,137,027)

Accumulated Surplus, Beginning of Year

11,249,819

10,112,792

$ 10,406,490

Accumulated Surplus, End of Year

(843,329)

The accompanying notes and schedules are an integral part of these financial statements

(72,879) 11,322,698 $

11,249,819

FINANCIAL REPORTS

Statement 2

North West College Statement of Operations and Accumulated Surplus for the year ended June 30, 2017

FINANCIAL REPORTS

2017 Budget Net Financial Assets, Beginning of Year

Deficit for the Year from Operations Acquisition of tangible capital assets Amortization of tangible capital assets Acquisition of prepaid expenses Use of prepaid expenses

Change in Net Financial Assets

Net Financial Assets, End of Year

1,723,427

2017 Actual $ 1,723,427

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

2016 Actual $

1,062,223

(1,137,027) (250,000) 1,000,500 (20,000) 20,000

(843,329) (332,521) 1,012,722 (58,347) 60,335

(72,879) (234,132) 993,215 (60,335) 35,335

(386,527)

(161,140)

661,204

(386,527)

(161,140)

661,204

1,336,900

$ 1,562,287

The accompanying notes and schedules are an integral part of these financial statements

Statement 3

North West College Statement of Changes in Net Financial Assets as at June 30, 2017

1,562,287 0

1,723,427 1,723,427 -

2017 Operating Activities Deficit for the year from operations Non-cash items included in surplus (deficit) Amortization of tangible capital assets Changes in non-cash working capital (Increase) decrease in accounts receivable (Increase) decrease in inventories for resale Increase (decrease) in accrued salaries and benefits (Decrease) increase in accounts payable and accrued liabilities (Decrease) increase in deferred revenue Increase in liability for employee future benefits Decrease (increase) in prepaid expenses Cash Provided (Used) by Operating Activities

2016

(843,329)

1,012,722

(72,879) 993,215

(91,764) (15,108) 15,243

173,247 47,739 (1,312)

(32,403) (17,735) 13,000 1,988 42,614

51,962 71,750 6,200 (25,000) 1,244,922

(332,521) (332,521)

(234,132) (234,132)

(2,279) (2,279)

(931) (931)

Financing Activities Repayment of long-term debt Cash Used by Financing Activities

(118,404) (118,404)

(114,550) (114,550)

Increase (decrease) in Cash and Cash Equivalents

(410,590)

895,309

Capital Activities Cash used to acquire tangible capital assets Cash Used by Capital Activities Investing Activities Cash used to acquire portfolio investments Cash Used by Investing Activities

Cash and Cash Equivalents, Beginning of Year

2,553,276

1,657,967

Cash and Cash Equivalents, End of Year

$ 2,142,686

2,553,276

Represented on the Financial Statements as: Cash and cash equivalents Bank indebtedness Cash and Cash Equivalents, End of Year

$ 2,142,686 $ 2,142,686

2,553,276 2,553,276

(0)

The accompanying notes and schedules are an integral part of these financial statements

FINANCIAL REPORTS

Statement 4

North West College Statement of Cash Flows for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 1. PURPOSE AND AUTHORITY North West College offers educational services and programs under the authority of Section 14 of The Regional Colleges Act. The mission of North West College is to provide adult learning opportunities and to promote life-long learning as a means of enhancing the cultural, economic and social life of the individuals and communities it serves. The Board of the North West College is responsible for administering and managing the educational affairs of the College in accordance with the intent of the Regional Colleges Act and its regulations. 2.

SIGNIFICANT ACCOUNTING POLICIES As a government not-for-profit organization, the College prepared these financial statements in accordance with Canadian public sector accounting standards for government reporting entities. The accounting standards followed for government not-for-profit organizations is the Canadian Chartered Professional Accountants (CPA Canada) Public Sector Accounting (PSA) Handbook. (a) College Reporting Entity The consolidated financial statements include all of the assets, liabilities, revenues and expenses of the College reporting entity (b) Measurement Uncertainty and the Use of Estimates The preparation of financial statements in conformity with PSA standards requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the year. Uncertainty in the determination of the amount at which an item is recognized or disclosed in financial statements is known as measurement uncertainty. Such uncertainty exists when there is a variance between the recognized or disclosed amount and another reasonably possible amount.

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

2. SIGNIFICANT ACCOUNTING POLICIES (continued) (b) Measurement Uncertainty and the Use of Estimates (continued) Measurement uncertainty that may be material to these financial statements exists for: â€˘ â€˘

the liability for employee future benefits of $ 216,800 (June 30, 2016 $203,800) because actual experience may differ significantly from actuarial or historical estimations and assumptions; useful lives of tangible capital assets and related amortization.

These estimates and assumptions are reviewed periodically and, as adjustments become necessary, they are reported in earnings in the periods in which they become known. While best estimates are used for reporting items subject to measurement uncertainty, it is reasonably possible that changes in future conditions, occurring within one fiscal year, could require material changes in the amounts recognized or disclosed. (c) Financial Instruments Financial instruments create rights and obligations to receive or deliver economic benefits. Financial instruments include cash and cash equivalents, accounts receivable, portfolio investments, accrued salaries and benefits, accounts payable and accrued liabilities and long term debt. Financial instruments are assigned to one of two measurement categories: fair value, or cost or amortized cost. i.

Fair Value Fair value measurement applies to portfolio investments in equity instruments that are quoted in an active market. Unrealized changes in fair value are recognized in the statement of remeasurement gains and losses until they are realized, at which time they are transferred to the statement of operations. Fair value is determined by: Level 1 quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 inputs other than quoted prices that are observable for the asset or liability either directly, (i.e. as prices) or indirectly (i.e. derived from prices); and

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (c) Financial Instruments (continued) i.

Fair Value (continued) Level 3 inputs for the asset or liability that are not based on observable market data (unobservable inputs) When a decline in fair value is determined to be other than temporary, the amount of the loss is removed from any accumulated remeasurement gains and reported in the statement of operations.

ii.

Cost or Amortized Cost All other financial assets and financial liabilities are measured at cost or amortized cost. Transaction costs are a component of cost for financial instruments measured using cost or amortized cost. For financial instruments measured using amortized cost, the effective interest rate method is used to determine interest revenue or expense. Impairment losses such as write-downs or write-offs are reported in the statement of operations.

(d) Foreign currency translation Foreign currency transactions are translated at the exchange rate prevailing at the date of the transaction. Monetary assets and liabilities, and non-monetary items included in the fair value measurement category denominated in foreign currencies, are translated into Canadian dollars at the exchange rate prevailing at the financial statement date. Unrealized foreign exchange gains and losses are recognized in the statement of remeasurement gains and losses until they are realized, at which time they are transferred to the statement of operations. (e) Financial Assets Financial assets are assets that could be used to discharge existing liabilities or finance future operations and are not for consumption in the normal course of operations. Valuation allowances are used where considered necessary to reduce the amounts reported for financial assets to their net realizable value. Cash and Cash Equivalents consist of cash, bank deposits and highly liquid investments with initial maturity terms of three months or less and are held for the purpose of meeting short-term operating cash commitments rather than for investing purposes.

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

2. SIGNIFICANT ACCOUNTING POLICIES (continued) (e) Financial Assets (continued) Accounts Receivable is shown net of allowance for doubtful accounts to reflect the expected net recoverable value. Valuation allowances are recorded where recovery is considered uncertain. Changes in valuation allowances are recorded in the statement of operations. Inventories for Resale consist of books and promotional items which are held for sale in the ordinary course of operations and are valued at the lower of cost and net realizable value. Cost is determined by using the first in, first out method. Net realizable value is the estimated selling price in the ordinary course of business. Portfolio Investments consist of a scholarship guaranteed investment certificate with Sunlife and equity with Innovation Credit Union. Equity investments quoted in an active market are reported at fair value and any associated transaction costs are expensed upon initial recognition. Gains and losses on portfolio investments measured at fair value are recorded in accumulated surplus as remeasurement gains and losses until realized. Upon disposition of the investments, the cumulative re-measurement gains and losses are reclassified to the statement of operations. All other portfolio investments are reported at cost or amortized cost, which includes the associated transaction cost upon initial recognition, less any write-downs for a loss in value that is other than a temporary decline. Gains and losses on financial instruments measured at cost or amortized cost are recognized in the statement of operations in the period the gain or loss occurs. (f) Liabilities Liabilities are present obligations arising from transactions and events occurring prior to year-end, which will be satisfied in the future through the use of assets or another form of economic settlement. Accrued Salaries and Benefits represents salaries and benefits owing to or on behalf of work performed by employees, but not yet paid, at the end of the fiscal period. Amounts are payable within one year. Accounts Payable and Accrued Liabilities include accounts payable and accrued liabilities owing to third parties for goods supplied and services rendered, but not yet paid, at the end of the fiscal period. Amounts are payable within one year.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (f) Liabilities (continued) Deferred revenue from government transfers represents restricted grants with stipulations that give rise to a liability for which the stipulations have not yet been fulfilled. The revenue is recognized as the stipulation liabilities are settled. Deferred revenue from non-government sources represents revenue related to fees or services received in advance of the fee being earned or the services being performed, and other contributions for which the contributor has placed restrictions on the use of the resources. Tuition and fee revenue is recognized as the course is delivered, revenue from contractual services is recognized as the services are delivered, and revenue from other contributions is recognized in the fiscal year in which the resources are used for the purpose specified. Liability for Employee Future Benefits represents accumulating non-vesting sick leave benefits that accrue to the College's employees. The cost of these benefits is recorded as the benefits are earned by employees. The liability relating to these benefits is actuarially determined using the projected benefit method pro-rated on service and managementâ€™s best estimate of expected sick leave usage, discount rate, inflation, salary escalation, termination and retirement rates and mortality. Actuarial gains and losses are amortized on a straight line basis over the expected average remaining service life of the related employee groups. Actuarial valuations are performed periodically. Extrapolations of these valuations are made when a valuation is not done in the current fiscal year. Long-Term Debt is comprised of capital loans and other long-term debt with initial maturities of more than one year. (g) Non-Financial Assets Non-financial assets are assets held for consumption in the provision of services. These assets do not normally provide resources to discharge the liabilities of the College unless they are sold.

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

2. SIGNIFICANT ACCOUNTING POLICIES (continued) (g) Non-Financial Assets (continued) Tangible Capital Assets have useful lives extending beyond the accounting period, are used by the College to provide services to the public and are not intended for sale in the ordinary course of operations. Tangible capital assets are recorded at cost and include all costs directly attributable to the acquisition, design, construction, development, installation and betterment of the tangible capital asset. The College does not capitalize interest incurred while a tangible capital asset is under construction. Contributed tangible capital assets are recorded at their fair value at the date of receipt. The cost of depreciable tangible capital assets, net of any residual value, is amortized on a straight line basis over their estimated useful lives as follows: Buildings Furniture and equipment Computer hardware Computer software Vehicles System Development Land Improvements

20 to 50 years 3 to 10 years 3 years 5 years 5 years 10 years 5 years

Tangible capital assets are written down when conditions indicate that they no longer contribute to Collegeâ€™s ability to provide goods and services, or when the value of future economic benefits associated with the tangible capital assets are less than their net book value. Write-downs are accounted for as expenses in the statement of operations. Assets that have a historical or cultural significance, such as works of art and other cultural artifacts, are not recognized as tangible capital assets because a reasonable estimate of future benefits associated with these properties cannot be made. Prepaid Expenses are prepaid amounts for goods or services, insurance premiums, membership fees, Workersâ€™ Compensation premiums and software licenses which will provide economic benefits in one or more future periods. The prepaid amount is recognized as an expense in the year the goods or services are consumed.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 2. SIGNIFICANT ACCOUNTING POLICIES (continued) (h) Employee Pension Plans Employees of the College participate in the following pension plans: Multi-Employer Defined Benefit Plans The College’s employees participate in one of the following multi-employer defined benefit plans: i) Teachers and other employees holding a teaching certificate participate in either the retirement plan of the Saskatchewan Teachers’ Retirement Plan (STRP) or Saskatchewan Teachers’ Superannuation Plan (STSP). The College’s obligation for these plans is limited to collecting and remitting contributions of the employees at rates determined by the plans. ii) Other employees participate in the Municipal Employees’ Pension Plan (MEPP). In accordance with PSA standards, the plan is accounted for as a defined contribution plan whereby the College’s contributions are expensed when due. (i) Revenue Recognition Revenues are recorded on the accrual basis. Revenues are recognized in the period in which the transactions or events occurred that gave rise to the revenues, provided the amount to be received can be reasonably estimated and collection is reasonably assured. The College’s major sources of revenue include the following: i) Government Transfers (Grants) Grants from governments are considered to be government transfers. Government transfers are recognized as revenues when the transfer is authorized, all eligibility criteria have been met, the amount can be estimated and collection is reasonably assured except when, and to the extent that, stipulations by the transferor give rise to an obligation that meets the definition of a liability. Eligibility criteria are criteria that the College has to meet in order to receive the transfer. Stipulations describe how the College must use the transfer or the actions it must perform in order to keep the transfer. Government transfers with eligibility criteria but without stipulations are recognized as revenue when the transfer is authorized and all eligibility criteria have been met. 13

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

2. SIGNIFICANT ACCOUNTING POLICIES (continued) (i) Revenue Recognition (continued) i) Government Transfers (Grants) (continued) Government transfers with or without eligibility criteria but with stipulations are recognized as revenue in the period the transfer is authorized and all eligibility criteria have been met, except when and to the extent that the stipulations give rise to a liability. Restricted transfers are recognized as deferred revenue when transfer stipulations give rise to a liability. Stipulations by the transferor may require that the funds only be used for providing specific services or the acquisition of tangible capital assets. For transfers with stipulations, revenue is recognized in the statement of operations as the stipulation liabilities are settled. ii) Fees and Services Revenues from tuition fees and other services are recognized in the year they are earned. Amounts that are restricted pursuant to legislation, regulation or agreements with external parties that may only be used in the conduct of certain programs or in the delivery of specific services and transactions are initially recorded as deferred revenue and subsequently recognized as revenue in the fiscal year the related expenses are incurred or services are performed. iii) Interest Income Interest is recognized on an accrual basis when it is earned. iv) Other (Non-Government Transfer) Contributions Unrestricted contributions are recognized as revenue in the year received or in the year the funds are committed to the College if the amount can be reasonably estimated and collection is reasonably assured. Externally restricted contributions are contributions for which the contributor has placed restrictions on the use of the resources. Externally restricted contributions that are to be held in perpetuity are recognized as revenue in the year in which they are received or committed if the amount can be reasonably estimated and collection is reasonably assured. Externally restricted contributions that are not held in perpetuity are deferred until the resources are used for the purpose specified, at which time the contributions are recognized as revenue. Inkind contributions are recorded at their fair value when they are received.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

SIGNIFICANT ACCOUNTING POLICIES (continued) (j) Expenses Expenses are reported on an accrual basis. The cost of all goods consumed and services received during the year are expensed. (k) Contingent liabilities Contingent liabilities are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements. (l) Changes in Estimates Useful life of tangible capital assets During the year the College revised the estimated useful life of new buildings. As a result of this revision the College has changed the amortization period for this asset from 20 years to 50 years. Accordingly, given the effects of the change in this accounting estimate, the amortization expense pertaining to this specific asset for 2016-17 decreased from $90,292 to $28,872.

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

3. CASH AND CASH EQUIVALENTS Due to the short-term nature of the investments, market value of cash and cash equivalents approximates cost. June 30 2017

June 30 2016

Cash and bank deposits

$ 2,142,686 $ 2,553,276

Cash and cash equivalents

$ 2,142,686 $ 2,553,276

4. ACCOUNTS RECEIVABLE All accounts receivable presented on the statement of financial position are net of any valuation allowances for doubtful accounts. June 30 2017

June 30 2016

Provincial government: $

Advanced education/economy

22,265 $

Other Federal government Other receivables

97,134

23,200

292,115

188,904

411,514

244,246

(84,847)

Less: Allowance for doubtful accounts Accounts receivable, net of allowances

32,142

(9,343)

326,667 $

234,903

5. INVENTORIES FOR RESALE June 30 2017

June 30 2016

Bookstore Inventory

42,871

27,763

Inventories for resale

42,871

27,763

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

6. PORTFOLIO INVESTMENTS

Portfolio investments in the cost and amortized cost category: GICs

June 30 2016

Cost

46,269 $

Term deposits

45,993

Other - Equity account

12,003

10,000

Total portfolio investments reported at cost and amortized cost

58,272

55,993

58,272 $

55,993

Total portfolio investments

7. ACCRUED SALARIES AND BENEFITS June 30 2017

June 30 2016

Accrued salaries

224,443

209,200

Accrued salaries and benefits

224,443

209,200

8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES June 30 2017 $ 209,989 $ 209,989

Other Accounts payable and accrued liabilities

June 30 2016 $ 242,392 $ 242,392

9. DEFERRED REVENUE June 30 2016 T uitions and fees

Rents Deferred revenue

113,843

Addition during the year

Revenue recognized in the year

1,588 $

115,431

95,796 1,900

June 30 2017

NORTH WEST COLLEGE â€¢ 2016-2017 ANNUAL REPORT

97,696

113,843

June 30 2017 $

95,796

97,696

1,588 $

115,431

1,900

10. LIABILITY FOR EMPLOYEE FUTURE BENEFITS The College provides certain post-employment, compensated absence and termination benefits to its employees. These benefits include non-vested sick leave. Significant assumptions are listed below. The liability associated with these benefits is calculated as the present value of expected future payments pro-rated for service and is recorded as Liability for Employee Future Benefits in the statement of financial position. Details of the employee future benefits are as follows: June 30 2017

Actuarial valuation date Long-term assum ptions used: Salary escalation rate (percentage) Discount rate (percentage) Expected average rem aining service life (years)

Liability for Employee Future Benefits Accrued Benefit Obligation - beginning of year Valuation effect Current period benefit cost Interest cost Benefit payments Actuarial gains / losses Plan amendments Accrued Benefit Obligation - end of year Unamortized Net Actuarial Gains / Losses Liability for Employee Future Benefits

Employee Future Benefits Expense Current period benefit cost Amortization of net actuarial gain / loss Plan amendments Benefit cost Interest cost on unfunded employee future benefits obligation Total Employee Future Benefits Expense

1.50% 1.90% 11.2 June 30 2017

238,600 $ 43,600 4,600 (38,600) 248,200 (31,400) 216,800 $

June 30 2016

1.50% 2.30% 11.2 June 30 2016

202,800 24,800 41,300 5,200 (41,000) 5,500 238,600 (34,800) 203,800

June 30 2017

June 30 2016

$ 43,600 3,400 47,000 4,600 $ 51,600

$ 41,300 700 42,000 5,200 $ 47,200

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 11. LONG-TERM DEBT June 30 2017

Details of Long-Term Debt: Capital Loans

Royal Bank Loan

Total Long Term Debt

259,281

377,685

259,281

377,685

Principal repayments over the next 5 years are estimated as follows: Capital Leases Other LT Debt Capital Loans

Total

2018 2019 2020 Thereafter

122,444 126,623 10,214 -

Total

259,281

2017

2016

$ 118,404 10,886 $ 129,290

$ 114,182 15,106 $ 129,288

Principal and interest payments on the long-term debt are as follows Other LT Capital Capital Loans Leases Debt Principal Interest Total

$ $

118,404 10,886 129,290

$ $

The Royal Bank loan is secured by a resolution to borrow with a copy of the authorization letter from the Ministry of Advanced Education. Monthly payments are $10,774 with interest at 3.36%. Loan terms were negotiated in October 2013, reducing the interest rate from 5.31%. The loan will be fully paid in July of 2019.

June 30 2016

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

12. TANGIBLE CAPITAL ASSETS Land Improvements

Tangible Capital Assets - at Cost: Opening Balance at Start of Year Additions/Purchases Disposals Write-Downs Transfers to (from) Closing Balance at End of Year

Buildings

Furniture and Equipment

Computer Software

Vehicles

46,637 $ 15,491,183 $ 1,226,575 $ 1,441,631 $ 434,914 $ 170,623 $ 29,461 58,513 106,511 116,747 20,358 (13,846) 76,098 15,535,850 1,333,086 1,558,378 434,914 190,981

Tangible Capital Assets - Amortization: Opening Balance at Start of Year Amortization of the Period Disposals Write-Downs Closing Balance at End of Year

37,659 11,768 49,427

Net Book Value: Opening Balance at Start of Year Closing Balance at End of Year Change in Net Book Value

8,978 8,606,861 26,671 7,933,733 17,693 $ (673,128) $

Computer Hardware

6,884,322 717,795 7,602,117

1,004,800 81,956 1,086,756

221,775 246,331 24,556 $

1,347,282 129,624 1,476,906

274,375 43,492 317,867

Work in Progress

9,663,854 1,012,722 10,676,576

318,348 333,124 14,776 $

June 30 2017 $

Residence Prepaid

49,738

June 30 2016 $

52,243

60,335

8,609

Prepaid expenses

58,347

8,670,639 993,215 9,663,854

9,466,057 10,225,140 8,785,856 9,466,057 (680,201) $ (759,083)

13. PREPAID EXPENSES

Other

2016

318,348 $ 19,129,911 $ 18,895,779 930 332,521 234,132 13,846 333,124 19,462,432 19,129,911

115,416 28,087 143,503

94,349 160,539 55,207 81,472 117,047 47,478 (12,877) $ (43,492) $ (7,729) $

2017

8,092

14. EMPLOYEE PENSION PLANS Multi-Employer Defined Benefit Plans Information on the multi-employer pension plans to which the College contributes is as follows: i) Saskatchewan Teachers’ Retirement Plan (STRP) or Saskatchewan Teachers’ Superannuation Plan (STSP): The STRP and STSP provide retirement benefits based on length of service and pensionable earnings. The STRP and STSP are funded by contributions by the participating employee members and the Government of Saskatchewan. The College’s obligation to the STRP and STSP is limited to collecting and remitting contributions of the employees at rates determined by the plans.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 14. EMPLOYEE PENSION PLANS (continued) Multi-Employer Defined Benefit Plans (continued) Accordingly, these financial statements do not include any expense for employer contributions to these plans. Net pension assets or liabilities for these plans are not reflected in these financial statements as ultimate responsibility for retirement benefits rests with the Saskatchewan Teachers’ Federation for the STRP and with the Government of Saskatchewan for the STSP. Details of the contributions to these plans for the College’s employees are as follows:

Number of active College members Member contribution rate (percentage of salary) Member contributions for the year

2017 2016 STRP STSP TOTAL TOTAL 17 3 20 19 12.52% 6.98% $ 133,706 $ 15,883 $ 149,588 $ 135,831

ii) Municipal Employees’ Pension Plan (MEPP) The MEPP provides retirement benefits based on length of service and pensionable earnings. The MEPP is funded by employer and employee contributions at rates set by the Municipal Employees’ Pension Commission. Every three years, an actuarial valuation is performed to assess the financial position of the plan and the adequacy of plan funding. Any actuarially determined deficiency is the responsibility of the participating employers and employees which could affect future contribution rates and/or benefits. The contributions to the MEPP by the participating employers are not segregated in separate accounts or restricted to provide benefits to the employees of a particular employer. As a result, individual employers are not able to identify their share of the underlying assets and liabilities, and the net pension assets or liabilities for this plan are not recognized in these financial statements. In accordance with PSA standards, the plan is accounted for as a defined contribution plan whereby the College’s contributions are expensed when due.

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

14. EMPLOYEE PENSION PLANS (continued) Multi-Employer Defined Benefit Plans (continued) Details of the MEPP are as follows: 2017

Number of active College members Member contribution rate (percentage of salary) College contribution rate (percentage of salary) Member contributions for the year College contributions for the year Actuarial valuation December 31, 2014 Plan Assets ('000's) Plan Liabilities ('000's) Plan Surplus (Deficit) ('000's)

2016

105

114

8.15%

385,841 $

401,163

385,841

401,163

31-Dec-15

31-Dec-14

$ 1,936,122 $ 1,779,119 1,808,943 $

127,179 $

1,657,223 121,886

15. EXPENSES BY FUNCTION AND ECONOMIC CLASSIFICATION

Function General Skills Training Basic Education University Services Scholarships Development Sudent Housing TOTAL

Personnel Costs

Program Contracts

Supplies and Services

Amortization of TCA

$ 2,961,144 $ 57,100 $ 1,835,708 $ 1,012,722 $ 1,775,516 784,521 567,536 2,227,613 91,829 351,760 1,574 311,711 54,942 1,076,332 460,466 94,624 138,767 180,697 $ 8,180,946 $ 1,245,161 $ 3,545,733 $ 1,012,722 $

Debt Servicing

2017 Actual

2017 Budget

2016 Actual

10,886 $ 5,877,560 $ 6,048,876 $ 5,749,450 3,127,573 3,330,558 2,840,684 2,671,202 2,573,811 2,801,763 368,227 367,836 335,005 1,536,798 1,470,691 1,573,559 94,624 70,000 72,544 319,464 292,696 313,211 10,886 $13,995,448 $14,154,468 $13,686,216

16. RISK MANAGEMENT The College is exposed to financial risks from its financial assets and liabilities. These risks include credit risk, liquidity risk and market risk (consisting of interest rate risk and foreign exchange risk). i) Credit Risk Credit risk is the risk to the College from potential non-payment of accounts receivable. The credit risk related to the College's receivables from the provincial government, federal government and their agencies is considered to be minimal. For other receivables, the College has adopted credit policies which include the regular review of the Collegeâ€™s overdue accounts. The College does not have significant exposure to any individual customer. Management reviews accounts receivable on a case by case basis to determine if a valuation allowance is necessary to reflect impairment in collectability.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 16. RISK MANAGEMENT (continued) i) Credit Risk (continued) The aging of accounts receivable at June 30, 2017 and June 30, 2016 was: June 30, 2017 Accounts Receivable

Current 31-60 days 60-90 days Over 90 days Total Net

$ 257,953 $ 22,436 13,951 117,174 $ 411,514 $

June 30, 2016 Accounts Receivable

$ 84,847 84,847 $ 326,667

Allowance of Doubtful Accounts

91,016 $ 5,356 (4,949) 152,823 9,343 244,246 9,343 $ 234,903

ii) Liquidity Risk Liquidity risk is the risk that the College will not be able to meet its financial obligations as they come due. The College manages liquidity risk by maintaining adequate cash balances, budget practices and monitoring, forecasts. The following table sets out the contractual maturities of the College’s financial liabilities: June 30, 2017 Within 6 months Accrued salaries and benefits

Accounts payable and accrued liabilities Long-term debt Liability for employee future benefits Deferred revenue

Total

224,443 209,989 60,679 25,800 97,696 618,607

6 months to 1 year

61,765 25,800 87,565

1 to 5 years

136,837 165,200 302,037

> 5 years

iii) Market Risk The College is exposed to market risks with respect to interest rates and foreign currency exchange rates as follows: Interest Rate Risk: Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The College’s interest rate exposure relates to cash and cash equivalents, portfolio investments, bank indebtedness and long-term debt. The College also has an authorized bank line of credit of $250,000 with interest payable monthly at a rate of prime less .25%. Changes in the bank's prime rate can cause fluctuation in interest payments and cash flows. There was no balance outstanding on this credit facility as of June 30, 2017. 23

Allowance of Doubtful Accounts

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

16. RISK MANAGEMENT (continued) iii) Market Risk (continued) Interest Rate Risk: (continued) The College minimizes these risks by: • holding cash in an account at a Canadian bank, denominated in Canadian currency • investing in GICs and term deposits for short terms at fixed interest rates • managing cash flows to minimize utilization of its bank line of credit • managing its interest rate risk on long-term debt through the exclusive use of fixed rate terms for its long-term debt Foreign Currency Risk: Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The College is exposed to currency risk on purchases denominated in U.S. dollars for which the related accounts payable balances are subject to exchange rate fluctuations; however, this risk is minimal as the College does not make a significant amount of purchases denominated on a foreign currency. 17. BUDGET FIGURES Budget figures included in the financial statements were approved by the Board on June 27, 2016 and the Minister of Advanced Education on July 28, 2016. 18. RELATED PARTIES These financial statements include transactions with related parties. The College is related to all Government of Saskatchewan ministries, agencies, boards, school divisions, health authorities, colleges and crown corporations under the common control of the Government of Saskatchewan. The College is also related to nonCrown enterprises that the Government jointly controls or significantly influences. In addition, the College is related to other non-Government organizations by virtue of its economic interest in these organizations.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 18.

RELATED PARTIES (continued) Related Party Transactions: Transactions with these related parties are in the normal course of operations. Amounts due to or from and the recorded amounts of transactions resulting from these transactions are included in the financial statements and the table below. They are recorded at exchange amounts which approximate prevailing market rates charged by those organizations and are settled on normal trade terms.

Revenues: M inistry of Advanced Education/Econom y Saskatchewan Polytechnic Saskatchewan Gov't Em ployee Union Saskatchewan Housing Corporation Saskatchewan Regional Colleges Living Sky School Division No. 202 University of Regina (includes tuitions) University of Saskatchewan (includes tuitions) Northwest School Division No. 203 Prairie Spirit School Division No. 206 CanSask

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

June 30 2017

June 30 2016

$ 9,178,982 8,000 27,505 1,256 461,957 224,305 114,024 96,713 50,000 34,958 $ 10,197,700

$ 9,482,849 29,000 22,144 15,000 1,960 492,935 257,346 119,394 80,201 50,000 34,789 $ 10,585,618

18. RELATED PARTIES (continued) Related Party Transactions: (continued) June 30 2017

Expenses: Saskatchewan Polytechnic Saskatchewan Gov't Employee Union Saskatchewan Regional Colleges SaskTel SaskEnergy SaskPower Saskatchewan Government Services Saskatchewan Workers Compensation Board Saskatchewan Teachers' Superannuation Board Saskatchewan Teachers' Federation Living Sky School Division No. 202 Saskatchewan Government Insurance Saskatchewan Tourism and Education Council Association of Saskatchewan Regional Colleges Sask. Indian Institute of Technology Prairie Spirit School Division Saskatchewan Educational University of Regina University of Saskatchewan

June 30 2016

846,424 $ 760,111 178,479 183,444 22,648 8,189 74,048 132,141 18,368 16,069 59,286 51,969 619,738 611,833 22,203 24,633 18,890 18,398 133,706 120,329 124,622 156,917 6,265 6,191 2,237 19,084 32,554 27,651 5,136 12,500 298,469 242,618 40,786 27,670 2,528,303 $ 2,395,303

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 18. RELATED PARTIES (continued) Related Party Transactions: (continued) June 30 2017 Accounts Receivable: Ministry of Advanced Education/Economy Minister of Finance Govt of Canada Saskatchewan Polytechnic Saskatchewan Government Employees Union Saskatchewan Regional Colleges CanSask Prairie Spirit School Division

$ Accounts Payable and Accrued Liabilities: Minister of Finance University of Regina Living Sky School Division No. 202 Saskatchewan Regional Colleges

1,000 21,265 97,134 3,427 1,214 9,945 50,000 183,985

1,854 1,405 3,259

1,000 31,142 23,200 21,060 76,402 1,893 54,494 5,335 9,632 71,354

In addition, the College pays Provincial Sales Tax to the Saskatchewan Ministry of Finance on all its taxable purchases and customer sales on items that are deemed taxable. Taxes paid are recorded as part of the cost of those purchases. Other transactions with related parties and amounts due to/from them are described separately in the financial statements or notes thereto. A portion of the revenue from the Government of Saskatchewan includes funding to service the principal and interest on the Collegeâ€™s loan. 19. ACCUMULATED SURPLUS Accumulated surplus represents the financial assets and non-financial assets of the College less liabilities. This represents the accumulated balance of net surplus arising from the operations of the College and accumulated net remeasurement gains and losses.

June 30 2016

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

19. ACCUMULATED SURPLUS (continued) Certain amounts of the accumulated operating surplus, as approved by the Board, have been designated for specific future purposes as described in a schedule of restricted net assets (see below). These internally restricted amounts are included in the accumulated surplus presented in the statement of financial position. Accumulated surplus from operations also includes externally restricted contributions for which the contributor has placed restrictions that the resources be held in perpetuity. The College does maintain separate bank accounts for the internally restricted amounts and externally restricted resources to be held in perpetuity. Details of accumulated surplus are as follows: Addition during the year

June 30 2016

Invested in Tangible Capital Assets: Net Book Value of Tangible Capital Assets Less: Debt owing on Tangible Capital Assets

External Contributions to be Held in Perpetuity Internally Resricted Operating Surplus: Capital projects: Designated for tangible capital asset expenditures

Other: Operating Reserve Residence Reserve Scholarship Reserve

Unrestricted Operating Surplus Total Accumulated Surplus from Operations

Accumulated remeasurement gains and losses

9,466,057 $ 377,685 9,088,372

332,521 $ 1,012,722 $ 118,404 332,521 894,318

8,785,856 259,281 8,526,575

2,279

1,100,392

118,275

393,644

825,023

1,100,392

118,275

393,644

825,023

350,121 218,238 168,460 736,819

41,444 4,343 45,787

24,915 26,009 50,924

366,650 222,581 142,451 731,682

278,243

3,305

274,938

11,249,819 $

June 30 2017

45,993

Total Accumulated Surplus

Reductions during the year

498,862 $ 1,342,191 $ -

498,862 $ 1,342,191 $

48,272

10,406,490 10,406,490

The purpose and nature of each Internally Restricted Surplus amount is as follows: Externally restricted

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

The Basic Education Endowment reserve is subject to the restrictions of the agreement requiring that the principal be invested in perpetuity and that only the resulting income may be utilized for scholarship purposes.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017 19. ACCUMULATED SURPLUS (continued) Internally restricted The Residence Reserve is a reserve to address future maintenance and improvement needs of the Student Residence in the Meadow Lake Campus. The Scholarship Reserve is a reserve created for the purpose of student scholarships, which are awarded on a yearly basis or as per the requirements of the scholarship. The Operating Reserve consists of reserves intended to satisfy College operations where there is a specific purpose. These consist of: •

Management Information Systems Reserve relates to all systems that support management function. Forecast costs include upgrades to the management information system and improvements with employee electronic time tracking and budgeting.

•

Professional Development Reserve was introduced to reflect the College’s commitment to staff development. The reserve will be maintained in accordance with College planning and policy.

•

Strategic Initiatives & Organizational Development Reserve was introduced in the 2016/17 program year. These initiatives directly align with the initiatives that would ensure the organization meets its strategic priorities by 2018. This fund will also ensure the organization meets the unique needs of the post-secondary sector.

•

Facilities Reserve is an ongoing reserve established to provide the College flexibility to address emergent facility requirements, to undertake planning activities, and to contribute to projects where necessary.

•

Furniture and Equipment Replacement Reserve is an ongoing reserve to fund the replacement of furniture and equipment.

•

Vehicle Replacement Reserve is an ongoing reserve established to fund the replacement costs of the fleet of vehicles used by the College. The reserve will be maintained in accordance with College strategy.

NORTH WEST COLLEGE • 2016-2017 ANNUAL REPORT

19. ACCUMULATED SURPLUS (continued) Internally restricted (continued) •

Information Technology Reserve is an ongoing reserve to support the replacement and expansion of information technology equipment in the College. Annual requirements in excess of planned operating expenditures and planned capital purchases are funded from this reserve.

•

Maintenance and Improvements Reserve is continued to address the College’s commitment to assuring the long-term viability of student housing. Appropriations will be made annually and the reserve will be maintained in accordance with College planning and commitments.

•

Campus Development Reserve is introduced in 2015/16 to address campus facility opportunities and space needs.

20. CONTINGENT LIABILITIES A union representing employees of an employer unrelated to the College has applied by Notice of Motion for an order quashing purported decisions of the Municipal Employees Pension Plan, relating to the application of actuarial surplus in the fund, as well as other relief. Several participating employers, including the College have been named. It is not possible to estimate the potential effect of the claim at this stage of the proceedings. The Saskatchewan Housing Corporation funding agreement for construction of the Meadow Lake student housing project contains stipulations that continue to be met. In the event of default principal would become due with interest at a rate of 5.19% per annum. The contingent liability matures May 2, 2021.

FINANCIAL REPORTS

North West College Notes to the Financial Statements for the year ended June 30, 2017

64 NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT Surplus (Deficit) for the year

Expenses (Schedule 3) Agency contracts Amortization Equipment Facilities Information technology Operating Personal services Total Expenses

Revenues (Schedule 2) Provincial government Federal government Other Total Revenues

(57,848)

57,100 1,012,722 135,831 765,023 58,557 887,183 2,961,144 5,877,560

5,540,851 278,861 5,819,712

General

92,142

771,507 164,734 68,879 1,692 330,934 1,771,941 3,109,687

$ 1,478,366 1,723,463 3,201,829

Credit

1,823

13,014 1,297 3,575 17,886

19,709 19,709

Non-credit

Skills Training

926,931

13,381 5,578 70,037 2,963 136,911 1,424,974 1,653,844

$ 1,940,030 640,745 2,580,775

Credit

78,448 1,877 11,550 1,410 121,434 802,639 1,017,358

179,735 206,548 53,700 439,983

$ (577,375)

2017 Actual

Non-credit

Basic Education

2,182 16,499 152,683 171,364

3,034 3,034

(988,037) $ (168,330)

19,407 422,378 923,649 1,365,434

40,000 337,397 377,397

Services Learner Support Counsel

311,711 5,235 13,030 36,677 1,574 368,227

317,258 317,258

$ (50,969)

Credit

University

North West College Schedule of Revenues and Expenses by Function for the year ended June 30, 2017

(26,009)

94,624 94,624

68,615 68,615

Scholarships

4,343

909 155,967 23,821 138,767 319,464

323,807 323,807

Student Housing

(843,329)

1,245,161 1,012,722 314,164 1,084,486 86,211 2,071,758 8,180,946 13,995,448

9,178,982 206,548 3,766,589 13,152,119

Actual

2017

(1,137,027)

1,256,113 1,000,500 275,835 1,026,043 79,265 2,275,849 8,240,863 14,154,468

9,404,731 265,000 3,347,710 13,017,441

Budget

2017

Schedule 1

FINANCIAL REPORTS

(72,879)

1,223,199 993,215 229,039 1,034,365 82,858 1,783,572 8,339,968 13,686,216

9,725,349 264,474 3,623,514 13,613,337

Actual

2016

5,819,712

278,861

31,539 34,570 7,044 18 37,445 168,245

5,540,851

4,256,859 1,153,992 5,410,851 5,410,851 130,000

1,723,463

397,329 27 1,268,287 57,820

1,478,366

1,478,366 1,478,366 1,478,366 -

$ 3,201,829

Credit

19,709

365 19,344 -

Non-credit

Skills Training

640,745

638,275 2,470 -

1,940,030

171,120 1,768,910 1,940,030 1,940,030 -

$ 2,580,775

53,700

53,700 -

206,548

206,548 206,548 -

179,735

101,249 101,249 101,249 78,486

$ 439,983

337,397

320,182 13,104 4,111

40,000

40,000 40,000 -

$ 377,397

3,034

2,760 274

2017 Revenues Actual Basic Education Services Learner Credit Non-credit Support Counsel

317,258

316,148 1,110

$ 317,258

Credit

University

68,615

2,013 66,602 -

Scholarships

323,807

314,255 9,552

Student Housing

1,121,208 36,583 321,299 320,227 1,659,558 66,602 241,112

206,548 206,548

206,548 206,548 -

9,178,982 9,178,982

4,427,979 4,502,517 8,930,496 40,000 8,970,496 208,486

3,766,589 3,766,589 $ 13,152,119

2017 Total Revenues Actual

3,347,710

848,339 32,000 323,438 250,000 1,676,933 40,000 177,000

265,000

265,000 265,000 -

9,404,731

4,522,600 4,556,331 112,500 9,191,431 168,500 9,359,931 44,800

$ 13,017,441

2017 Total Revenues Budget

Schedule 2

13,613,337

3,623,514

1,001,648 31,153 329,567 335,487 1,656,777 43,171 225,711

264,474

264,474 264,474 -

9,725,349

4,507,196 4,369,932 22,000 8,899,128 40,000 433,201 9,372,329 353,020

2016 Total Revenues Actual

FINANCIAL REPORTS

Total Revenues

Total Other

Other Revenue Admin recovery Contracts Interest Rents Resale items Tuitions Donations Other

Total Federal

Other Federal

Federal Government Operating grants Program grants Capital grants

Total Provincial

Other provincial

Contracts Other

Provincial Government Advanced Education/ Economy Operating grants Program grants Capital grants

General

North West College Schedule of Revenues by Function for the year ended June 30, 2017

a j o

Schedule 3

FINANCIAL REPORTS

North West College Schedule of Expenses by Function for the year ended June 30, 2017

Credit

Agency Contracts Contracts Instructors

Amortization Equipment Equipment (non-capital) Rental Repairs and maintenance Facilities Building supplies Grounds Janitorial Rental Repairs & maintenance buildings Utilities Information Technology Computer services Data communications Equipment (non-capital) Materials & supplies Rental Repairs & maintenance buildings Software (non-capital) Operating Advertising Association fees & dues Bad debts Financial services In-service (includes PD) Insurance Materials & supplies Postage, freight & courier Printing & copying Professional services Resale items Subscriptions Telephone & fax Travel Other Personal Services Employee benefits Honoraria Salaries Other

Total Expenses

57,100 57,100

2017 Expenses Actual Basic Education Services Learner Credit Non-credit Support Counsel

Skills Training

General (Schedule 4)

Non-credit

771,507 771,507

13,014 13,014

13,381

78,448 78,448

University

Scholarships

2017 Total Expenses Actual

Student Housing

Credit

311,711

1,012,722

126,326 9,505 135,831

157,195 6,500 1,039 164,734

5,563 15 5,578

1,877 1,877

5,235 5,235

499 410 909

299,385 214,016 67,051 184,571 765,023

60,717 616 7,546 68,879

4,081 62,112 3,844 70,037

11,550 11,550

13,030 13,030

1,542 3,069 678 44,876 105,802 155,967

1,675 2,439 699 53,744 58,557

679 13 1,000 1,692

2,963 2,963

1,410 1,410

757 18,650 19,407

2,182 2,182

256,587 26,724 77,146 28,678 59,812 41,580 36,874 26,142 4,735 85,539 545 5,602 51,606 74,909 110,704 887,183

37,634 722 754 229,889 5,045 18,769 5,383 1,393 737 26,677 3,931 330,934

1,130 167 1,297

10,435 8,071 754 61,263 4,891 28,618 234 8,470 13,575 600 136,911

11,176 45 4,278 68,431 4,286 11,167 41 969 20,982 59 121,434

40,523 7,363 20,869 1,337 848 309,459 41,295 684 422,378

3,638 353 950 2,897 111 1,525 4,206 2,819 16,499

2,281 125 282 3,810 1,293 19,713 9,173 36,677

94,624 94,624

4,798 300 11,321 505 746 1,113 1,330 3,708 23,821

456,530 21,938 2,480,348 2,328 2,961,144

223,973 1,547,545 423 1,771,941

285

106,104

94,486

142,664

22,663

3,290

1,318,870

708,153

130,020

1,490

152,683

109,792 7,000 138,767

$ 171,364

94,624

$ 319,464

5,877,560

3,109,687

3,575 $

17,886

1,424,974

802,639

780,795 190 923,649

1,653,844

$ 1,017,358

$ 1,365,434

NORTH WEST COLLEGE â€˘ 2016-2017 ANNUAL REPORT

1,574 $

368,227

21,975

1,245,161 1,245,161 1,245,161 1,012,722

296,695 6,500 10,969 314,164 314,164 1,542 3,069 304,144 361,425 112,543 301,763 1,084,486 1,084,486 1,675 8,248 712 1,000 74,576 86,211 86,211 363,404 27,122 81,944 28,678 81,496 54,409 421,020 42,094 68,693 90,922 310,004 8,795 64,188 202,687 226,302 2,071,758 2,071,758 1,068,764 21,938 7,080,303 9,941 8,180,946 8,180,946 $ 13,995,448

2017 Total Expenses Budget

1,086,863 169,250 1,256,113

2016 Total Expenses Actual

1,223,199 1,223,199

1,000,500

993,215

178,178 17,000 80,657 275,835

192,220 160 36,659 229,039

2,400 39,905 369,735 343,193 270,810 1,026,043

328 2,114 298,314 369,235 73,189 291,185 1,034,365

21,735 1,040 56,490 79,265

1,943 8,972 3,445 37 68,461 82,858

413,275 36,774 19,011 141,420 41,347 373,037 35,801 6,563 158,402 227,273 7,144 422,953 199,135 193,715 2,275,849

320,082 26,578 7,139 27,744 88,551 46,855 360,596 38,759 24,841 58,779 337,383 12,453 61,833 187,058 184,921 1,783,572

976,958 27,285 7,233,020 3,600 8,240,863

1,091,065 17,173 7,223,960 7,770 8,339,968

$ 14,154,468

$ 13,686,216

100 Governance

160 2017 General Actual Operating Facilities and and Administration Equipment

57,100 57,100

2017 Total General Budget

55,630 11,000 66,630

2016 Total General Actual

125,207 125,207

1,012,722

1,000,500

993,215

2,407 2,407

53,017 7,492 60,509

70,902 2,013 72,915

126,326 9,505 135,831

167,098 73,157 240,255

150,400 27,321 177,721

4,202 134 4,336

299,385 209,814 66,917 184,571 760,687

299,385 214,016 67,051 184,571 765,023

38,905 237,012 314,703 179,508 770,128

102 296,018 239,843 40,506 183,270 759,739

1,675 699 3,635 6,009

4,444 4,444

2,439 45,665 48,104

1,675 2,439 699 53,744 58,557

1,040 46,124 47,164

1,943 2,803 37 61,820 66,603

16,268 11,006 195 14,606 29,447 1,112 72,634

256,587 10,048 77,146 28,678 46,206 32,416 36,679 25,329 4,735 70,933 545 5,602 51,606 37,931 108,884 793,325

408 1,200 9,164 813 5,067 708 17,360

1,400 2,464 3,864

256,587 26,724 77,146 28,678 59,812 41,580 36,874 26,142 4,735 85,539 545 5,602 51,606 74,909 110,704 887,183

286,730 35,243 19,011 127,793 28,915 57,999 28,751 1,305 156,398 6,694 44,090 91,513 65,246 949,688

196,043 25,375 3,782 27,744 60,134 34,152 53,826 29,266 4,675 52,380 9,071 54,556 54,347 93,828 699,177

555 21,938

397,720 2,161,301 2,328 2,561,349

35,548 171,860

22,707 147,187

456,530 21,938 2,480,348 2,328 2,961,144

426,623 27,285 2,517,003 3,600 2,974,511

436,417 17,173 2,474,196 2,927,786

2017 Total General Actual

22,493 Total General Expenses

57,100 57,100

135 Information Technology

95,127

4,437,248

207,408 $

1,050,408

169,894 $

294,777

5,877,560

6,048,876

5,749,450

FINANCIAL REPORTS

op and admin 110 115 120 125 130 140 150 170 300 400 600

Agency Contracts Contracts Instructors

Schedule 4

North West College Schedule of General Expenses by Functional Area for the year ended June 30, 2017

SHAYE AND RAELYNN, ADULT BASIC EDUCATION

BATTLEFORDS CAMPUS

MEADOW LAKE CAMPUS

10702 Diefenbaker Drive North Battleford, SK S9A 4A8 Phone: 306-937-5100

720 â€“ 5th Street West Meadow Lake, SK S9X 1T9 Phone: 306-234-5100