Tourism Saskatchewan - IndustryMatters.com

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AS AT SEPTEMBER 30, 2011 2011 2010 ASSETS CURRENT Cash (Note 4) $1,648,608 $720,919 Accounts receivable 486,883 715,273 GST receivable (Note 5) 28,964 224,948 Inventory 8,406 11,685 Prepaid expenses 91,373 57,498 2,264,234 1,730,323 LONG TERM Capital assets (Note 6) 1,581,681 2,131,570 $3,845,915 $3,861,893 LIABILITIES and NET ASSETS CURRENT Accounts payable and accrued liabilities (Note 7) $1,352,764 $1,165,763 Current portion of the leasehold loan (Note 8) - 81,250 Unearned revenue 40,546 19,400 Deferred contributions related to capital assets (Note 9) - 143,334 Deferred grant contribution (Note 9) - 288,125 1,393,310 1,697,872 LONG TERM DEBT Long term portion of the leasehold loan (Note 8) - 561,979 1,393,310 2,259,851 NET ASSETS Invested in capital assets 1,581,681 1,345,007 Internal restrictions: (Note 10) Partnership Marketing Fund 213,407 102,744 President’s Marketing Advisory Fund 41,470 78,521 Education and Training Fund 120,924 8,606 Initiatives Fund 245,123 - Unrestricted 250,000 67,164 2,452,605 1,602,042 $3,845,915 $3,861,893 Commitments (Note 11) See accompanying notes to financial statements. APPROVED BY THE BOARD: Director Director 44
YEAR ENDED SEPTEMBER 30, 2011 2011 2010 REVENUE Provincial operating grant $11,903,899 $11,803,900 Other grants and contributions 358,125 250,000 Education and training 1,980,803 2,620,107 Partnership 256,568 167,824 Advertising 262,795 276,976 Retail sales 131,827 201,388 Listings 118,633 124,415 Membership 36,705 43,690 Interest and other 24,815 7,828 15,074,170 15,496,128 EXPENSES Administration (Schedule 1) 1,751,487 2,207,868 Education and training (Schedule 2) 2,696,342 3,067,035 Marketing and advertising (Schedule 3) 7,780,189 7,843,244 Membership and visitor services (Schedule 4) 1,820,496 1,857,729 Cost of retail sales 17,881 16,138 Board and committees 52,364 41,066 Education and Training Fund (Schedule 3) 8,606 435,863 President's Marketing Advisory (Schedule 3) 60,417 76,904 Partnership Marketing (Schedule 3) 35,825 75,847 14,223,607 15,621,694 EXCESS (DEFICIENCY) OF REVENUE $850,563 $(125,566) See accompanying notes to financial statements. 45
Page 2 and 3: illion in travel expenditures in 20
Page 4 and 5: Saskatchewan’s tourism sector exp
Page 6 and 7: The tourism sector in Saskatchewan
Page 8 and 9: Membership Over 1,700 Marketing Dir
Page 10 and 11: Tourism Saskatchewan is governed by
Page 12 and 13: This past year has been one of cont
Page 14 and 15: 12 The past year has been a tumultu
Page 16 and 17: Instilling a “Culture of Quality
Page 18 and 19: The 2010-2011 fiscal year was a per
Page 20 and 21: Tourism Saskatchewan underwent some
Page 22 and 23: One of Tourism Saskatchewan’s End
Page 24 and 25: events. Overall, close to 3 million
Page 26 and 27: The Ministry of Government Services
Page 30 and 31: announcement of major highway impro
Page 32 and 33: certification in tourism profession
Page 34 and 35: 32 One of Tourism Saskatchewan’s
Page 36 and 37: 34 Cultural Partnership In 2010, To
Page 40 and 41: Tourism Saskatchewan has introduced
Page 42 and 43: Several Task Team members were a pa
Page 44 and 45: To the Members of Tourism Saskatche
Page 48 and 49: YEAR ENDED SEPTEMBER 30, 2011 Inter
Page 50 and 51: YEAR ENDED SEPTEMBER 30, 2011 1. DE
Page 52 and 53: YEAR ENDED SEPTEMBER 30, 2011 50 3.
Page 54 and 55: YEAR ENDED SEPTEMBER 30, 2011 c) Ed
Page 56 and 57: YEAR ENDED SEPTEMBER 30, 2011 ADMIN
Page 58 and 59: YEAR ENDED SEPTEMBER 30, 2011 MEMBE
Page 60: Photography by Davin Andrie, Paul A

Tourism Saskatchewan - IndustryMatters.com

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