LAKELAND COLLEGE

ANNUAL REPORT 2007-08 

LAKELAND COLLEGE

Lloydminster Campus 

Bag 6600 

2602 59 Avenue 

Lloydminster, Alberta 

S9V 1Z3 

Vermilion campus 

5707 47 Avenue West 

Vermilion, Alberta 

T9X 1K5 

1 800 661 6490 

lakelandcollege.ca

1 

CONTENTS 

Board Accountability Statement................................................................................. 2 

Message from the President....................................................................................... 3 

Mandate...................................................................................................................... 4 

Year in Review............................................................................................................. 5 

Student success.................................................................................................. 5 

Community connections...................................................................................... 5 

Happy host........................................................................................................... 6 

Infrastructure investment.................................................................................... 6 

Programming points............................................................................................ 6 

Employee excellence............................................................................................ 7 

Operational Overview.................................................................................................. 8 

Board of Governors.............................................................................................. 8 

Opportunities....................................................................................................... 8 

Challenges........................................................................................................... 8 

Core Programs............................................................................................................ 9 

Enrolment.................................................................................................................... 10 

Facilities...................................................................................................................... 11 

Staffing....................................................................................................................... 11 

Performance Review................................................................................................... 12 

Addressing the Priorities of Advanced Education and Technology............................. 16 

Donors........................................................................................................................ 18 

Financial Statements................................................................................................... 20 

Management’s Responsibility for the Financial Statements................................ 20 

Auditor’s Report................................................................................................... 21 

Statement of Financial Position........................................................................... 22 

Statement of Operations...................................................................................... 23 

Statement of Changes in Net Assets................................................................... 24 

Statement of Cash Flows..................................................................................... 25 

Notes to the Financial Statements....................................................................... 26 

LAKELAND COLLEGE 

ANNUAL REPORT 2007-08

2 

Board Accountability Statement 

The Lakeland College Annual Report for the year ended June 30, 2008 was prepared under 

the Board’s direction in accordance with the Government Accountability Act and ministerial 

guidelines established pursuant to the Government Accountability Act. All material economic, 

environmental or fiscal implications of which we are aware have been considered in the 

preparation of this report. 

Doug Elliott 

Chairman 

Lakeland College Board of Governors 

January 2009 



3 

message from the president 

Glenn Charlesworth, President and CEO 

In the 2007-11 Business Plan, Lakeland 

College announced it was developing a 

new strategic plan. In February 2008, 

the Board of Governors adopted Future 

Directions – A Road Map Towards 

Our Next Century. Eleven months in 

the making, the strategic plan outlines 

six ambitious yet attainable goals 

we will strive to achieve as we work 

towards our centenary in 2013. Future 

Directions – A Road Map Towards Our 

Next Century provides direction for 

creating an environment where our 

students and employees can thrive. 

It also focuses on sustainability and 

enrichment of programs, financial 

resources and facilities. 

By the end of the 2007-08 year, steps 

had been taken towards achieving 

these goals. We realized a budget 

surplus of $4.4 million and as a result 

were able to start modernizing two 

residence buildings at the Vermilion 

campus rather than one as was 

scheduled. Construction of a cattle 

and sheep facility was completed 

at the Vermilion campus and at the 

Lloydminster campus, construction 

of the Bill Kondro Wing had reached 

substantial completion by the end of 

June. 

Apprenticeship technical training 

programming expanded with the 

introduction of the first year of 

instrument technician and steamfitterpipefitter 

training. Lakeland also 

announced it will offer a sign language 

interpretation diploma program and 

a renewable energy and conservation 

certificate program. Both programs 

start in 2008-09. 

The decision made in 2006-07 to 

invest in marketing and enrolment 

management paid dividends this 

year as Lakeland realized an 8.4 per 

cent increase in full-load equivalents 

and the number of students taking 

full or part-time credit programming 

increased by 17.5 per cent. Offering an 

academic excellence scholarship and 

a tour tuition credit, and hiring two 

enrolment specialists were factors in 

the increase. 

At the end of the year we introduced 

a new slogan - Live the Learning. 

It’s an apt description of the handson 

learning environment offered at 

Lakeland. It’s this atmosphere that 

helps our students succeed, and in 

many cases, excel. In the following 

pages you’ll read about students 

Pamela Ollenberger, Garrett Trayhorne, 

Karl Kitt, Lacey Hauck, Kristine 

Alexander, Peggy Lovell, and Lindsay 

Nuspl and how living the learning at 

Lakeland helped them stand out in 

competitions featuring students from 

other colleges and universities. 

My thanks to our students, employees, 

alumni and friends for helping make 

2007-08 a successful year. I’m excited 

about what we have achieved this past 

year and am optimistic about what 

we will accomplish during the years 

leading up to our centenary. 

Glenn Charlesworth 

President & Chief Executive Officer 

Lakeland College 



4 

MANDATE 

Lakeland College is a board-governed 

public college operating under 

authority of the Post-secondary 

Learning Act of Alberta. The College 

has campuses in Lloydminster and 

Vermilion and serves communities in 

Alberta and Saskatchewan. 

The College awards certificates, 

diplomas, applied degrees, and 

baccalaureate degrees designed 

to meet the needs of both learners 

and the communities served by the 

College. Lakeland College programs 

offer learning opportunities in 

academic upgrading, agriculture 

and the environment, business, fire 

and public safety, health and human 

services, tourism, apprenticeship and 

technology, and university transfer. 

Lakeland offers continuing education 

credit and non-credit programs and 

courses as an extension of mandated 

programs, performing arts courses 

and individual instruction through the 

Conservatory of Music and Drama, and 

customized workforce development 

training for business and industry in 

Alberta, Canada and internationally. 

Through a unique partnership 

agreement between the Alberta 

and Saskatchewan governments, 

Lakeland College provides training 

and educational opportunities for 

Saskatchewan residents. Adult 

basic education and career training 

are provided under an Alberta/ 

Saskatchewan Memorandum of 

Agreement. 

The fire emergency training centre 

(fire etc.) offers integrated emergency 

response training at the provincial, 

national, and international levels, 

including firefighter, disaster 

management, risk management, loss 

prevention, and emergency services 

training. Through a partnership 

agreement, fire etc. administers 

accreditation for municipal fire 

service training in the Province of 

Alberta, on behalf of the Alberta Fire 

Commissioner. 

Lakeland College demonstrates its 

commitment to partnerships by 

working cooperatively with community 

organizations, business and industry, 

and other educational institutions. 

The College promotes community 

economic development by providing 

workforce training and development, 

and conducting or sponsoring applied 

research. The College actively pursues 

applied research and innovation 

activities that complement teaching 

and learning, and advance innovationbased 

rural community economic 

development. The focus of applied 

research is primarily in the agriculture, 

environment, petroleum, emergency 

services, and manufacturing sectors. 

The College extends its services not 

only to our learners, but also to the 

communities served. Our facilities are 

both specialized and unique, including 

the Strathcona County Learning Centre, 

two community theatres, a studentmanaged 

farm, and a comprehensive 

fire school. The residential campuses 

in Vermilion and Lloydminster offer 

environments that help learners realize 

their individual potential by providing 

a safe, people-centered learning 

environment. The College supports 

the cultural fabric of the communities 

served by facilitating college athletics, 

offering recreation fitness and leisure 

activities, providing conference and 

daycare services, and promoting the 

performing arts. 

Lakeland College is committed 

to maximizing learner access to 

high-quality and affordable lifelong 

learning opportunities that respond 

to the diverse needs of learners, 

communities, cultures and traditions. 

Lakeland’s commitment to the 

collaborative principles of Campus 

Alberta is demonstrated through 

partnerships within the postsecondary 

system that strengthen our 

programming and service capacity. 

Approved by 

Minister of Advanced Education 

June 5, 2006 



5 

Year in Review 

Student success 

The winning trend continued for 

interior design technology students. 

Second-year student Pamela 

Ollenberger won a national charette 

competition hosted by the National 

Kitchen and Bath Association (NKBA). 

This is the fifth consecutive year an 

interior design technology student has 

placed in the top three in a national or 

international competition. Ollenberger 

traveled to Chicago in April to receive 

her $5,000 first place prize at the 

NKBA national show and conference. 

The third time was the charm 

for Lakeland business students. 

Competing in the third annual Alberta 

Deans of Business Case Competition, 

business students Lacey Hauck, 

Kristine Alexander, Peggy Lovell and 

Lindsay Nuspl placed second in the 11 

team competition. It was the first time 

a Lakeland team reached the podium 

in the competition. Sponsored by 

Common Wealth Credit Union’s Young 

and Free program, Team Lakeland 

analyzed and presented a case on 

the sustainability of Jamie Kennedy 

Kitchens based in Toronto, Ont. 

Garrett Trayhorne received the 2007 

Top Apprentice award for the parts 

technician trade during the Alberta 

Apprenticeship and Industry Training 

Board Awards in February. Top 

Apprentice awards are presented to 

people who have the highest overall 

marks in their final period of training 

and receive a strong recommendation 

from their employer. 

Trades alumnus Karl Kitt placed first 

at the Alberta Skills Competition 

in May. He competed in the heavy 

equipment technician competition. The 

two-day competition featured seven 

75-minute tasks including engine tuneup, 

electrical system diagnosis and 

repair, precision measuring and parts 

identification. Kitt completed his final 

apprenticeship technical training period 

at Lakeland in the spring. 

For the first time in the history of 

Rustlers Athletics, a team advanced 

to the Canadian Colleges Athletic 

Association national championship. 

The men’s basketball team competed 

in the finals in Champlain College 

in Quebec and finished sixth in the 

nation. Rustler guard Nathan Dixon 

was named to the second all-star 

team at nationals. After the finals, 

bench boss Phil Allen announced his 

retirement from coaching. He retires 

with 805 victories and the record 

for most wins by a Canadian postsecondary 

basketball coach. In 26 

years of coaching, Allen missed the 

post-season only twice. 

The curling team continues to slide 

into the medals at the Alberta Colleges 

Athletic Conference championships. 

For the second consecutive year, the 

men’s team won the gold medal final. 

The Rustlers also received numerous 

first team all-star selections. 

In other curling news, two Lakeland 

alumni are now world champions. 

John Morris and Ben Hebert won the 

2008 World championship with Alberta 

teammates Kevin Martin and Marc 

Kennedy. Morris and Hebert completed 

the firefighter program at fire etc., 

Lakeland’s emergency training centre. 

Community connections 

The School of Agricultural and 

Environmental Sciences continued 

working with Alberta Tourism, Parks, 

Recreation and Culture to conduct 

applied research and educational 

activities. Wildlife and fisheries 

conservation and conservation and 

restoration ecology students installed 

four motion-activated remote cameras 

to record activity at the Vermilion 

Provincial Park. The weather resistant 

cameras take high resolution colour 

pictures during the day and infra-red 

photographs at night. Details such 

as date, time and temperature are 

recorded on each image. “The images 

will help determine the type and 

abundance of wildlife in the park,” said 

instructor Darcey Shyry. 

As part of their second-year 

community nursing course, 

practical nurse students visited on 

a weekly basis residents at the Dr. 

Hemstock Assisted Living complex in 

Lloydminster. Esthetician students also 

visited the Dr. Hemstock and other 

facilities to give residents manicures 

and pedicures. 

About 25 high school students from 

local schools attended Lakeland’s 

first Skills Competition. Organized 

by the School of Trades and 

Technology, competition categories 

were automotive service technician, 

carpenter, electrician and welding. 

Reading usually provides its own 

reward, but Lakeland gave a few extra 

incentives for elementary school 

students in the Lloydminster Public 

School Division to pick up a book. 



6 

In partnership with Cheers Restaurant, 

Lloydminster Public School Division 

and Newcap Broadcasting, the 

athletics department launched the 

Rustlers Reading Club. Volleyball 

and basketball players from Lakeland 

visited Lloydminster elementary 

schools once a week to read to 

children and encourage them to read 

books at home. Children who logged 

more than six hours of reading in six 

weeks got into basketball games for 

free and received a pizza from Cheers 

Restaurant. 

The Rustlers name is no longer only 

associated with Lakeland teams. 

Thanks to an agreement with the 

Meridian Youth Soccer Association, 

Rustlers FC is now the name of the 

competitive indoor and outdoor soccer 

teams in Lloydminster. Lakeland plans 

to submit a proposal during the 2008- 

09 year to Alberta Colleges Athletic 

Conference for entry of both a men’s 

and women’s outdoor soccer team into 

the league. 

A belief that “a person should give 

back if they’re able to” prompted 

Robert Huff to donate $1 million 

to organizations in 2007, including 

a $75,000 donation to agricultural 

sciences at Lakeland. Huff had no 

direct ties with Lakeland, but was 

familiar with the post-secondary 

institution thanks in part to visits to 

the Vermilion Agricultural Society Fair. 

“There’s always room for innovation 

and improvement in agriculture and 

through the college, I’ll be able to 

help the next generation of leaders in 

this industry,” he said. In recognition 

of his contribution, Huff was named 

an honorary member of the Alumni 

Association. 


About 20 Lakeland employees rolled 

up their sleeves in the spring to help 

build a Habitat for Humanity home 

in Lloydminster. Tasks tackled were 

electrical and plumbing work, installing 

doors, windows and insulation, adding 

siding and landscaping the property. 

In May staff members Lawrence Hess, 

Peter Walsh and Dr. Jason Dewling 

traveled to the Dominican Republic to 

help with a Habitat for Humanity Global 

Village project. Meagan Szatkowski, a 

second-year student in the child and 

youth care program, also signed up for 

the one-week project at San Francisco 

de Marcos. 

Lakeland was a proud sponsor of 

the First Annual Riverland Adventure 

Challenge in May. Second-year 

adventure tourism and outdoor 

recreation students helped plan the 

event which featured canoeing on the 

North Saskatchewan River from Fort 

George and Buckingham House to 

Lindberg, running to Iron Horse Trail 

and biking the trail back to the forts. 

More than 80 people participated in the 

event including one person from New 

Zealand. 

Happy host 

Lakeland welcomed 200 people from 

throughout Canada to its Vermilion 

campus in October for the Canadian 

Rural Revitalization Foundation 

conference. Saskatchewan residents 

traveled to the Lloydminster campus 

in May to attend the Saskatchewan 

Regional Colleges Conference. Keynote 

speakers were Olympians Beckie Scott 

(cross-country skiing) and Amy Nixon 

(curling). 

Infrastructure investment 

It was a busy year for Facilities 

and Services staff. At the Vermilion 

campus, the Trades Centre was 

renovated to accommodate more 

apprenticeship students, the Cattle 

and Sheep Facility was completed, and 

renovations started in two residence 

buildings. Construction of the Bill 

Kondro Wing reached substantial 

completion at the Lloydminster 

campus. 

Programming points 

Event coordinator, massage therapy 

and pharmacy technician – retail 

programs will continue at Lakeland 

despite the June 30 closure of the 

Strathcona County Learning Centre. 

The programs will be offered at the 

Lloydminster campus. 

Lakeland announced a sign language 

interpretation diploma program will be 

offered in September 2008. It will be 

the only such diploma in the province 

and should help reduce the shortage 

of qualified interpreters in Alberta. 

The program will be offered at the 

University of Alberta campus. It’s the 

first time the university has hosted 

another institution’s program on its 

campus. Lakeland is also working with 

the University of Calgary to offer the 

university’s after-degree bachelor of 

education master of teaching program. 

The first cohort will start full-time 

classes at the Lloydminster campus in 

September 2009. 

A new online program in renewable 

energy and conservation got the 

green light from Alberta Advanced 

Education and Technology. It will begin 

in October 2008 and features a flexible 

format so students may take courses 

on a part-time basis. 


Lakeland and Parkland Regional 

College in Saskatchewan publicized 

plans to offer fire etc.’s firefighting 

training program in Melville. The first 

cohort will start classes in August 

2008. Students will travel to the 

Vermilion campus for two weeks of 

practical and specialized training at 

Lakeland’s training field. 

Opportunities for Lakeland students 

to transfer their certificate or diploma 

onto further education continue to 

increase. Graduates of environmental 

protection technology, conservation 

and restoration ecology, and 

environmental conservation and 

reclamation can transfer credits 

towards a bachelor of sciences in 

agriculture degree thanks to a new 

agreement with the University of 

Saskatchewan. 

Employee excellence 

A focus on celebrating best practices 

and rewarding achievements of 

Lakeland employees was evident 

with the establishment of Green ‘n’ 

Gold Awards. Employees nominated 

co-workers for accomplishments 

in customer service, health and/ 

or safety, innovation, leadership 

and performance excellence. Five 

employees were presented with 

the prestigious awards during the 

Employee Recognition and Retirement 

Awards ceremony. Recipients were 

Jim Baker (customer service), 

Laura Buchynski (health and/ 

or safety), Al Motley (innovation), 

Jim Zuk (leadership) and Angela 

Wilm (performance excellence). Al 

Motley also received an Innovation 

of the Year award from League, an 

international organization serving 

community colleges. The instructor 

was recognized for creating software 

manuals with information and 

examples relevant to Lakeland 

students. 

For its incorporation of humane 

animal care practices as part of 

its core curriculum in agricultural 

sciences, the School of Agricultural 

and Environmental Sciences received 

the Award of Distinction for Industry 

Leadership from Alberta Farm Animal 

Care (AFAC). Lakeland introduced its 

first animal handling course in 1996. 

AFAC is a partnership of Alberta’s 

major livestock groups with a mandate 

to promote responsible, humane 

animal care within the livestock 

industry. 

7 

Our MISSION To inspire our learners to realize their individual potential. 

Our VISION To achieve educational excellence in a people-centred environment. 

Our VALUES are Respect, Safety, Trust, Pride, Ethics, Quality and Accountability. 



8 

Operational Overview 

Board of Governors 

(as of June 30, 2008) 

Doug Elliott 

- chairman of the board 

Bob Mottram 

- vice-chairman, public member 

Dr. Lee Arthur - faculty member 


- president & chief executive officer 

Stan Fisher - public member 

Terry Gunderson - public member 

Mary Holtby 

- public member for Saskatchewan 

Sean Kingston 

- non-academic member 

Susan Long - public member 

Cody Renz - student member 

Craig Solberg - public member 

Brian Wittmack - public member 

Opportunities 

In its 2007-11 Business Plan, Lakeland 

forecasted a modest surplus of 

$641,503 for the 2007-08 year. Thanks 

to emphasis on controlling costs and 

increasing revenue streams, Lakeland 

recorded a budget surplus of $4.4 

million and started modernization 

of two Vermilion campus residence 

buildings rather than one as originally 

planned. In previous business plans 

Lakeland indicated the nine residence 

buildings built in 1983 at the Vermilion 

campus need renovations. Students 

are quick to agree. In the 2007-08 

student satisfaction survey, students 

said they are not satisfied with 

residence buildings. 

In the business plan Lakeland also 

recommended replacing The Shack 

(the current student centre) and the 

Mead Building at the Vermilion campus 

by adding two floors to the Bentley 

Building. Plans changed and thanks 

to the generosity of current and past 

students, Lakeland now intends to 

build a student centre where The Shack 

is located. The Vermilion Students’ 

Association (SA) and Lakeland 

signed a letter of understanding that 

will see the SA contribute $400,000 

towards a new student centre. The 

money will come from The Future 

Fund, an account established in the 

1970s to hold a portion of student 

fees designated for a student centre. 

During the spring SA election, students 

were asked if they wanted the money 

contributed to a student centre. The 

answer was a resounding yes with 

94 per cent of voters in favour of the 

project. 

Challenges 

With rising building costs throughout 

Alberta, Lakeland’s construction cost 

for the Bill Kondro Wing and Cattle 

and Sheep Facility were higher than 

originally estimated. The Government 

of Alberta provided additional capital 

funding for the projects, ensuring 

Lakeland didn’t have to cover the 

costs from reserves which would have 

crippled facilities, capital equipment 

and technology budgets for the 

remainder of the decade. 

On a related note, Lakeland had 

difficulty recruiting faculty to teach 

the increased number of students 

in apprenticeship programs. Alberta 

enjoyed a vibrant economy during 

2007-08 and few people working in 

trades were interested in leaving the 

often lucrative private sector. 

Lakeland officials set a goal for the 

campuses to be wireless by June 30. 

The availability of contractors and 

issues related to servers and network 

security delayed the project and as a 

result the deadline was not met. 

Advanced Education and Technology 

released the new Roles and Mandates 

Policy Framework which classified 

institutions into six different sectors. 

Lakeland is a Comprehensive 

Community Institution (CCI). Each CCI 

is responsible for a defined geographic 

region but Lakeland’s boundary 

to the west and north are not yet 

finalized. Discussions to resolve this 

are ongoing. Lakeland is attempting 

to develop a strategy to best serve 

the regional area in a cost effective 

manner. It is known that additional 

costs will be incurred to meet the 

requirements of the new mandate. 

The Strathcona County Learning 

Centre was closed at the end of the 

2007-08 year. Lakeland will focus its 

programming in east central Alberta 

to complement Alberta’s collaborative 

post-secondary system rather than 

compete with other colleges and 

institutions in the capital region. 



9 

Core programs 

The following programs were offered 

by Lakeland during the 2007-08 

academic year. Programs with an 

asterisk are not included in the FLE 

count. 

Adult development programs 

Academic upgrading 

Transitional vocational 

Applied degree programs 

Bachelor of applied financial services 

Bachelor of applied business: 

emergency services 

Bachelor of applied science: 

environmental management 

Apprenticeship technical training 

Automotive service technician 

Carpenter 

Electrician 

Heavy equipment technician 

Instrument technician - period one (new) 

Parts technician 

Steamfitter-pipefitter - period one (new) 

Welder 

Certificate and diploma programs 

Accounting technician (new) 

Adventure tourism 

and outdoor recreation 

Advanced business administration 

Agribusiness 

Agro-environmental technology 

Animal health technology 

Animal science technology 

Appraisal and assessment 

Business administration 

Child and youth care 

Conservation and restoration ecology 

Crop technology 

Dairy production 

Disability studies 

Early learning and child care 

(certificate and diploma) 

Educational assistant 

Emergency services technology 

Employment skills enhancement 

Environmental conservation 

and reclamation 

Environmental protection technology 

Esthetician 

*Event coordinator 

Financial services 

Firefighter (NFPA 1001) 

General agriculture 

Health care aide 

Heavy oil operations technician 

Human resource management 

*Hunting and fishing guide 

Interior design technology 

Livestock production 

Management 

Management development 

Massage therapy 

Office administration 

*Petroleum operator technician 

Petroleum industry supervisor (new) 

Pharmacy technician – retail 

Practical nurse 

Professional accounting 

Ranch and feedlot rider 

Wildlife and fisheries conservation 

University studies 

Popular transfer routes include: 

• Arts 

• Commerce 

• Education 

• Science 

• Social work 

• Pre-dentistry 

• Pre-law 

• Pre-medicine 

• Pre-pharmacy 

• Pre-veterinary medicine 

Credit continuing education 

Emergency medical responder 

Fourth class power engineering 

Gas process operator 

Pesticides 

Pesticides dispenser 

Sign language and deaf studies 

Credit general studies 

Firefighting and emergency 

services training 

General skills training 

Short or part-time non-credit 

*AutoCad operator 

*Residential decorating 

*Computer essentials 

Non-credit 

Open studies – leisure and interest 

Collaborative degree programs 

Athabasca University 

*Bachelor of commerce 

*Bachelor of management 

*Bachelor of general studies 

– applied studies 

Cape Breton University 

*Master of business administration 

(community economic development) 

University of Calgary 

*Bachelor of social work 

*Master of education 

(educational leadership) 



10 

enrolment 

Credit full-load equivalents (FLEs) 

3000 

Credit student total headcount 

10000 

Number of students 

2000 

1000 

Year 

1,938 1,778 1,928 

2005-06 2006-07 2007-08 


8000 

6000 

4000 

7,414 

6,867 

8,072 

Credit student full-time headcount 


3000 

2000 

1000 

2,754 2,692 

2,881 

Year 2005-06 2006-07 2007-08 

Credit student part-time headcount 

6000 

5,191 

5000 

4,660 


4,175 

4000 

3000 

2000 

1000 

Year 2005-06 2006-07 2007-08 

2000 

Year 

Three-year comparison of FLEs 

Campus 2005-06 2006-07 2007-08 

Strathcona 45.467 31.852 52.376 

Lloydminster 578.938 490.949 468.202 

Vermilion 1,313.729 1,255.400 1,407.419 

Total 1,938.134 1,778.201 1,927.997 

FLEs by credential 

2005-06 2006-07 2007-08 

2005-06 2006-07 2007-08 

Diploma and 

post basic diploma 760.414 670.547 654.982 

Apprenticeship 209.286 241.729 313.163 

University studies/ 

applied degree 276.405 256.756 270.108 

Career certificate 506.248 377.626 378.668 

No credential/ 

not applicable 185.781 231.543 311.076 

Total 1,938.134 1,778.201 1,927.997 

Age distribution 

of full-time students 

Ages 2005-06 2006-07 2007-08 

17-19 25.6% 28.1% 27% 

20-24 40.3% 38.5% 38.7% 

25+ 34.1% 33.4% 34.3% 



Geographic representation 

of full-time students 

Alberta 64.8% 

Saskatchewan 27.1% 

Other Provinces 7.7% 

Other Countries 0.1% 

Unknown .3% 

Geographic representation 

of full and part-time students 

Alberta 75.9% 

Saskatchewan 14.6% 

Other Provinces 6.7% 

Other Countries 0.1% 

Unknown 2.7% 

Facilities 

Construction of the Bill Kondro Wing 

reached substantial completion at the 

Lloydminster campus with only site 

work and deficiencies to be completed 

in 2008-09. As of June 30, about $9 

million was spent on the project. At the 

Vermilion campus, renovations of two 

residence buildings began in the spring 

and by June 30 about $715,000 was 

spent. Both projects will be completed 

during the 2008-09 fiscal year. 

Vermilion campus 

Site area: 204.9 hectares 

Building area: 49,504.7 sq. m 

(non-residential) 

Off site: 9.3 hectares 

Agricultural land: 62.86 hectares 

Residence accommodation: 

Single beds - 544; family units - 17 

Major projects 

• Completion of Cattle and Sheep 

Facility 

• Completion of pilot study to 

determine best water treatment 

system for fire etc.’s training field 

• Built additional classrooms, offices, 

and welding space in Trades Centre 

• Added new office and classroom 

spaces in Applied Engineering 

building 

• Started renovations to Zeta and 

Gamma residence buildings 

• Replaced roofing in Trades Centre, 

Horticultural Building, Service Centre 

and Mead Building 

Lloydminster campus 

Site area: 26.70 hectares 

Building area: 16,194 sq. m 

(non-residential) 

Residence accommodation: 

Single beds – 256; family units – 48 

Major Projects: 

• Reached substantial completion of 

the Bill Kondro Wing in June 

• Replaced flooring in the cafeteria, 

recoated gymnasium floor and 

replaced three sections of roofing 

• Changed lighting in the corridor, 

gymnasium and the cafeteria from 

metal halide to energy efficient 

fluorescent 

• Started installation of security CCTV 

and key card access system 

Strathcona County learning centre 

Building area: 1,854 sq. m (leased) 

Staffing 

During 2007-08, the average number 

of employees at Lakeland each month 

was 582. This includes full-time, parttime, 

temporary, sessional, casual, 

student, government sponsored and 

contract employees. 

Permanent and continuing staff 

Administration 

2006-07: 47 full-time 

2007-08: 48 full-time 

Faculty 

2006-07: 102 full-time, 5 part-time 

or reduced time 


or reduced time 

AUPE 



Tuition fees 

For 2007-08 the average tuition fee 

was $3,800. In accordance with the 

Government of Alberta’s tuition fee 

policy, Lakeland’s tuition fee revenue 

as a percentage of net operating 

expenditures was 18.36 per cent. 

11 



12 

Performance Review 

Balanced Scorecard 

In Lakeland’s 2004-08 business plan, 

the balanced scorecard was introduced 

as a more responsive way to measure 

institutional success. Following is a 

summary of Lakeland’s performance 

during 2007-08 in meeting its 17 

objectives. 

Responsive 

We will be seen as providing the right 

service to the right person at the right 

time and at the right price for all of 

Lakeland’s customers. We will be seen 

as providing service excellence. We 

will be seen as being responsive to 

individual needs. 

Highlights 

• Twice a week letters and viewbooks 

are sent to people who inquire about 

a core program and decision letters 

are sent to applicants. In 2006-07 

this information was mailed once a 

week. 

• Financial aid services are available 

on both campuses. Staff members 

respond to students upon contact 

and follow-up within two working 

days. In 2006-07 a response was 

expected within five working days. 

• Following discussions with 

Apprenticeship and Industry 

Training, Lakeland offered 1,384 

apprenticeship technical training 

seats, an increase from the previous 

year of 500 seats. Of this total, 260 

extra spots were for welding to help 


accommodate the increase of welder 

apprentices in Alberta. Lakeland 

managed the increase by offering 

three lab periods per day rather than 

two. During the year 1,178 of the 

seats were filled. 

• FLEs increased by 8.4 per cent. 

• The length of time to provide results 

for fire etc. distance learning students 

continues to be reduced. 

• University studies announced it 

will expand its course offerings to 

include Beginner’s French I and II, 

Intermediate French I and II, two first 

year physics classes and new classes 

in the areas of physical education, 

psychology, sociology and art history. 

Enable success 

We will be seen as facilitating learners’ 

opportunities to grow and develop. We 

will be seen as providing high quality 

learning environments where our 

learners are inspired to be their best. 

Highlights 

• Trades alumnus Karl Kitt placed first 

in the heavy equipment technician 

category at the Alberta Skills 

Competition in May. 

• Team Lakeland placed second in 

the Alberta Deans of Business Case 

Competition. 

• Pamela Ollenberger, a second year 

interior design technology student, 

won a national charette competition 

hosted by the National Kitchen and 

Bath Association (NKBA). 

• Garrett Trayhorne won the Alberta 


Board’s 2007 Top Apprentice award 

for the parts technician trade. 

• More than 400 graduates from 

Lakeland’s Class of 2006 were polled 

for the Graduate Satisfaction Survey. 

- 95.8 per cent recommend 

Lakeland to others. 

- 93.3 per cent of students 

reported an overall positive 

educational experience at 

Lakeland. 

- 90.3 per cent were satisfied with 

the quality of teaching within 

their program. 

- 90.8 per cent recommend their 

program to others. 

- 86.7 per cent said their program 

was worth the financial cost. 

Good value 

We will be seen as providing a good 

return on investment for all of our 

customers. 

Highlights 

• Cost per FLE was $19,376, an 

increase of $1,747 from the previous 

year. 

• Average tuition fee was $3,800. 

• Alberta Association of Colleges and 

Technical Institutes released a study 

in 2007 on the economic impact of 

Lakeland College. A similar study 

was released in 2003. Among the 

findings: 

- Lakeland returns $3.40 for 

every dollar of taxpayer financial 

support. 

- For every $1 students invest in a 

Lakeland education, they receive 

a cumulative of $4.60 in higher 

future earnings, compared to 

$3.59 in 2003. 

- About $165 million is generated 

into the east central Alberta 

economy by Lakeland through 

purchases, wages paid to 

employees, student spending, 

and through a human capital 

effect stemming from an increase 

in the skill base of the workforce. 



Quality programs and people 

We will be seen as the employer of 

choice, the institution of choice and 

offering programs of choice. 

Highlights 

• Alberta Colleges and Institutes 

Faculties Association (ACIFA) 

conducts a survey annually 

of its members to obtain their 

views on working conditions and 

attitudes within their institutions. 

Respondents were asked to rate 

their level of agreement with 13 

statements on a scale of 1 to 5 with 

5 indicating strong agreement. The 

level of agreement among Lakeland 

respondents was higher than the 

ACIFA provincial average in all 13 of 

the statements as compared to 12 of 

the 13 statements the previous year. 

• Approximately 6,500 Alberta 

municipal firefighters accessed 

training from fire etc. 

• More than 400 graduates from 

Lakeland’s Class of 2006 were polled 

for the Graduate Satisfaction Survey. 

- 95.8 per cent recommend 

Lakeland to others. 

- 93.3 per cent of students 

reported an overall positive 

educational experience at 

Lakeland. 

- 90.8 per cent recommend their 

program to others. 

Pathways 

We will be seen as providing learners 

a variety of educational pathways to 

success. 

• Website pages for all full-time 

programs contain information on 

opportunities for further study not 

only at Lakeland but at other colleges 

and universities. 

• Graduates of more than 20 certificate 

and diploma programs at Lakeland 

can transfer up to 60 credits towards 

applied and baccalaureate degrees. 

• The School of Arts, Science, 

Business and Academic Services 

partnered with Alberta Association 

for Community Living to provide 

inclusive post-secondary education 

to two students. 

• Special needs facilitators from The 

Learning Centre completed four of six 

weeks of onsite Assistive Technology 

(AT) training at the University of 

Alberta. With this training the special 

needs facilitators will be able to help 

students appropriately use the AT 

equipment. 

Strategic management 

We will excel at developing timely 

business plans consistent with the 

overall College strategy. We will 

excel at conducting regular strategic 

planning sessions. We will excel at 

making strategy a part of everyone’s 

everyday job. 

Highlights 

• The Board of Governors adopted a 

new strategic plan in February. Future 

Directions – A Road Map Towards 

Our Next Century contains six goals 

which Lakeland will work towards 

achieving by 2013. Development of 

the strategic plan began in March 

2007. Approximately 300 staff, 

students, business and community 

members participated in focus 

groups in Vermilion, Lloydminster 

and Wainwright. 

• A Strategic Planning Action 

Committee (SPAC) comprised of 

about 35 Lakeland employees was 

created in May. Members were 

divided into six groups with each 

group responsible for a strategic plan 

goal. The SPAC will meet quarterly 

to review progress made towards 

achieving the goals. 

Marketing 

We (all staff) take pride in and 

responsibility for positively promoting 

Lakeland College. We will excel at 

conducting market research. We 

will excel at creating the Lakeland 

College brand and its position in the 

marketplace. 

13 

Highlights 

• The conversion rate of applicants 

to enrolled students in traditional 

programming for 2007-08 was 54.9 

per cent, an improvement from 50.2 

per cent the previous year. 

• There were 743 graduates in 

certificate, diploma and applied 

degree programs, 58 more than 

2006-07. Ten people successfully 

completed transitional vocational 

and employment skills enhancement 

programs. There were 423 graduates 

of programs not included in the 

Learner and Enrolment Reporting 

System, a decrease of 30 students 

from the previous year. 

• Lakeland has 10,881 active alumni 

including one lady who is 101-yearsold. 

The Alumni Office helps alumni 

stay connected with each other and 

Lakeland through avenues such as 

alumni visits, Lakeland website, The 

Link (weekly newsletter), Alumni 

Pride magazine and Facebook. 

Average yearly attendance at alumni 

events are: Homecoming – 400 to 

450 people; Edmonton Spring Social 

– 70 to 90 people; Canadian Finals 

Rodeo – 50 to 60 people; Tofield Golf 

Tournament – 30 to 40 people. 



14 

• The Marketing and Enrolment 

Management department continued 

working with representatives from 

Noel-Levitz to improve enrolment 

management practices at Lakeland. 

Students, graduates, prospects, 

parents, high school guidance 

counsellors, faculty and staff were 

surveyed during the year. One 

hundred former university studies 

students were surveyed about 

their Lakeland experience, further 

education and transfer outcomes. 

Lakeland’s communications 

department began developing 

marketing messages based on 

information from the surveys. 

• Lakeland created an Academic 

Excellence Scholarship program to 

attract more students into business 

programs and university studies. 

Students with an average of 85 to 

100 per cent automatically qualify for 

a scholarship ranging from $1,500 to 

$3,500. 

• To encourage prospective students to 

visit Lakeland, tuition credits are now 

provided to people who travel more 

than 100 km one way from their 

home to Lakeland. 

• A number of internal seminars and 

workshops were held to enhance 

student recruitment. About 250 

administrative and support staff 

participated in a seminar on providing 

quality service to students and 72 

faculty attended a workshop about 

the role of faculty in recruitment 

and student success. More than 

100 employees attended one of two 

workshops to learn about millennial 

students and their attitudes, 

expectations and communication 

styles. 

• Each student in an agricultural 

sciences, environmental sciences 

or human services program was 

assigned an academic mentor. 

• Agricultural sciences formalized a 

retention strategy that includes early 

identification of struggling students. 

Renewal and evaluation 

We will excel at developing the College 

and improving performance through 

program review, process review and 

personnel review. 

Highlights 

• Office administration, disability 

studies, financial services and 

bachelor of applied financial services 

were comprehensively reviewed. 

Enrolment targets were set for three 

of the four programs and disability 

studies will utilize the open studies 

concept for growth. With open 

studies, students can develop skills 

useful to their profession, upgrade 

their post-secondary qualifications, 

and/or take credit courses strictly for 

personal interest. 

• Every program is internally reviewed 

annually. 

Advocacy and 

government relations 

We will excel at managing government 

relations and general advocacy. 

Highlights 

• Number of visits with MLAs, mayors 

or other senior government officials: 

Board Chairman Doug Elliott – about 

22; President Glenn Charlesworth 

- about 33. They, as well as board 

members and College executive team 

members, also attended events such 

as Chamber of Commerce luncheons, 

service club meetings, and golf 

tournaments where they could meet 

with community and provincial 

influencers. 

Human resource processes 

We will excel at HR processes that 

create an environment that will enable 

Lakeland College to attract, recruit 

and retain the best talent available. We 

will excel at creating and maintaining 

a comprehensive human resource 

strategy. 

Highlights 

• Alberta Colleges and Institutes 

Faculties Association (ACIFA) 

conducts a survey annually of its 

members to obtain their views on 

working conditions and attitudes 

within their institutions. Respondents 

were asked to rate their level of 

agreement with 13 statements on 

a scale of 1 to 5 with 5 indicating 

strong agreement. The level 

of agreement among Lakeland 

respondents was higher than the 

ACIFA provincial average in all 13 of 

the statements as compared to 12 of 

the 13 statements the previous year. 

• A staff climate survey is conducted 

regularly to measure progress on 

this objective. The next survey is 

expected to be done in 2008-09. 

Resource allocation 

We will excel at strategic resource 

allocation. 

• Nothing to report at this time. 

Shared vision and alignment 

We are united in our support of the 

vision, mission, values and strategy of 

Lakeland College. 



Highlights 





Professional development 

We are committed to staff development 

to meet the joint needs of the College 

and the individual. 

Highlights 

• Ninety-one per cent of faculty, 100 

per cent of AUPE employees and 

48 per cent of administrative staff 

attended at least one sponsored 

professional development activity 

during the 2007-08 year. All three 

employee groups saw participation 

increase from the previous year. 

• Two faculty members accessed 

long term professional development 

funds to pursue research, leadership 

activities and additional education. 

Four faculty members attended five 

Lakeland-directed activities. 

• Fifteen in-service activities were held, 

a big jump from last year’s total of 

eight. 

• Seven staff members worked on their 

Personal Learning Plan by attending 

Lakeland courses. 

Lakeland culture 

We actively create and nurture our 

culture consistent with our values. This 

is an open and collaborative process 

across the entire institution. 

Highlights 





Efficient expenditures 

We will pursue financially responsible 

and sustainable operations. 

Highlights 

• In 2007-08, Lakeland invested 

$11,117,932 in capital, an increase of 

$5,440,301 from the previous year. 

Increased revenues 

We will actively pursue increased 

revenues through: full utilization of 

Lakeland’s resources, con-ed tuition, 

business and industrial training, 

international activities, applied 

research, fundraising, government 

grants, and ancillary operations. 

15 

Highlights 

• Total tuition revenue decreased 

$587,539 to $10,304,775. 

• Revenue from ancillary revenue was 

$5,361,073, an increase of $371,367. 

• Total grant revenue was $32,449,903, 

an increase of $4,344,546 from 

2006-07. 

• Total revenues increased by four per 

cent to $56,590,144 

• The College Development department 

was involved in the capital campaign 

for the Bill Kondro Wing, the annual 

giving program to alumni, and new 

Gourmet Giving events that featured 

an evening of fine dining with 

proceeds to the Alberta Opportunity 

Bursary fund. A list of donors is 

included on pages 18 and 19 of this 

report. 

• A new system to coordinate and track 

fundraising requests and prospects 

was implemented. 

Increased assets 

Unrestricted net assets need to grow 

in order for the College to deal with 

unanticipated financial exigencies. Net 

capital assets need to grow to allow 

for facility and equipment renewal and 

expansion of program offerings. 

Highlights 

• Unrestricted net assets increased to 

$13,585,450. 

• There was $13,323,960 invested in 

capital assets, an increase of 4.42 per 

cent from the previous year. 



16 

Addressing the priorities 

of Advanced Education and Technology 

This section reports on Lakeland’s 

progress towards achieving five goals 

that reflect priorities of Advanced 

Education and Technology. The goals 

were presented in Lakeland’s 2007- 

2011 Business Plan. 

Accessibility 

Lakeland College will be accessible 

to all learners and leave no learner 

behind. 

• Lakeland continues to deliver Career 

Technology Studies (CTS) courses to 

students from Buffalo Trail Regional 

Division and East Central Alberta 

Catholic Separate Schools. Welding, 

mechanics, carpentry, firefighting and 

cosmetology are a few of the courses 

students participated in during the 

school year. High school students 

from Prince Albert, Sask. visited 

fire etc. for a week to participate in 

emergency services courses. 

• University studies announced it will 

offer 11 additional courses in 2008- 

09. 

• Inclusive education formally 

began at Lakeland in January. 

In partnership with the Alberta 

Association for Community Living, 

Lakeland provides the opportunity 

for students with developmental 

disabilities to experience success in 

post-secondary education. Students 

enrol in a program under audit 

status allowing students and staff to 

individualize the pace of study and 

provide flexibility in modifying course 

requirements. 

• The School of Agricultural and 

Environmental Sciences encouraged 

non-traditional students who work in 

agriculture to audit classes that are 

relevant to their career. 

• Continuing education programming 

was offered in Bonnyville, Cold Lake, 

Killam and Wainwright. 

• Bachelor of applied business: 

emergency services and NFPA 

1021 – fire officer professional 

qualifications courses are offered on 

eCampusAlberta. The Canadian On 

Farm Food Safety Auditor Training 

was also offered online. 

• Lakeland received approval to 

offer a new renewable energy and 

conservation certificate program 

online. 

Affordability 

Lakeland College will minimize the total 

cost of post-secondary education for 

our learners. 

• The value of Lakeland’s awards 

program continues to increase thanks 

to contributions from businesses, 

organizations, alumni and community 

members. More than $535,000 in 

awards, scholarships and bursaries 

were distributed during the year. 

Among the new student awards 

and scholarships created were the 

Dr. Brian Larson Award, MARSH 

Canada Ltd. Award, Meyer Norris 

Penny LLP Scholarship, The Shortell 

Family Scholarship, Soltice Canada 

Corp. Scholarship, The Lloyd Seath 

Family Scholarship, and the Students’ 

Association Award for Student 

Leadership. The RJ Nelson Family 

Foundation brought the Edmonton 

Symphony Orchestra’s holiday 

concert to Lloydminster in November. 

Proceeds from ticket sales helped 

establish the Bill Kondro Entrance 

Scholarship for Excellence. 

• In response to industry requests, 

the gas process operator program 

was reformatted into a ten month 

program. 

• Three university studies courses were 

offered via WebCT so students can 

take courses without being at the 

Lloydminster campus. 

Collaboration and Alignment 

Lakeland College will seek partnerships 

to improve student accessibility and 

programming options in eastern Alberta. 


Environmental Sciences and 

Vermilion Agricultural Society 

established a community partnership 

committee to address leadership and 

industry training. 

• fire etc. continued partnerships with 

the Office of the Fire Marshall in 

Ontario, ERRS in Manitoba and with 

Firemaster Inc. 

• Lakeland offered educational 

assistant and early learning and 

child care courses in Wainwright. 

A communications course was also 

offered at Canadian Forces Base 

Wainwright. 

Global Excellence 

and Competitiveness 

Lakeland College will achieve 

international recognition for 

programming in specific areas. 

• Lakeland and Swinburn University of 

Australia entered into an agreement 

to offer the bachelor of applied 

business: emergency services 

program in Australia. 

• Student and employee exchange 

opportunities are available with 

South West TAFE in Australia. 

Andrew Logan of South West TAFE 

visited Lakeland to learn more about 

agricultural sciences programs and 



17 

was very impressed with the Student 

Managed Farm concept. 


Environmental Sciences worked with 

the Alberta Association of Colleges 

and Technical Institutes on six 

applied research projects. 

• Applied research projects related to 

corn silage and corn grazing began 

with industry partner Pioneer. 

• It was the final year of a three year 

applied research project on lamb 

carcass quality. A meat packing plant, 

producer groups, and government 

were involved in the project that 

generated research data that is of 

interest to people throughout Canada. 

• A small contingent of agricultural 

sciences staff toured Southeast 

Community College in Nebraska. 

Ideas and concepts on agricultural 

programming were discussed as was 

the possibility of an exchange. 

Sustainability 

Lakeland College will act as a steward 

for the Government of Alberta’s 

investment. 

• A study prepared by CCbenefits and 

released by the Alberta Association 

of Colleges and Technical Institutes 

reported that Lakeland generates 

about $23.1 million in regional 

income annually due to operations 

and capital spending. In addition, 

out-of-region students spend $32.4 

million while attending Lakeland, 

generating roughly $20.8 million in 

regional income. The east central 

Alberta economy annually receives 

about $165 million in income due 

to the past and present efforts of 

Lakeland. In fact, Lakeland returns 

$3.40 for every dollar of taxpayer 

financial support. 

• All costs for continuing education 

programming are covered through 

tuition revenues. 



18 

DONORS 

Lakeland College thanks the many people and organizations who made a donation to the college between July 1, 2007 and June 30, 2008. Our thanks also to the many donors 

who chose to make their contribution anonymously. Our apologies to anyone whose name we may have inadvertently missed. 

3 J S Woodworks 

ADM Agri-Industries Company 

Affinity Credit Union 

Agland 

Agriculture Financial 

Services Corporation 

Alberta Agriculture 

Alberta Assessors’ Association 

Alberta Association of the Deaf 

Alberta Blue Cross 

Alberta Treasury Branches 

Alexander’s Stock Farm 

Jim & Robina Allen 

Phil Allen 

Alpine Environmental Ltd. 

Angus Acres 

Animal Nutrition Association of Canada 

- Alberta Division 

AON Consulting/Groupe Conseil 

Apple Drugs (Vermilion) 

Aramark Canada Ltd. 

Arby’s Restaurant & Drive-Thru 

Paul Armbruster 

Gordon & Eleanor Astle 

Babe Astley 

ATB Financial 

ATCO Electric 

ATCO Gas 

J. Howard Austin 

AVSI Aerospace Inc. 

Baddock’s Power Products Ltd. 

Bill & Margaret Baile 

Barrhead Glass & Mirror Ltd. 

Barrhill Farms Ltd 

Robert & Dorothy Bartel 

Battle River Community Foundation 

Robert & Ruby Bauer 

BBNS Holdings Ltd 

Bea Fisher Enterprises Inc. 

Carol Beckie 

Bedford Farms Ltd. 

BedRoc Geological Consulting Inc. 

Mickey & Myrna Bendixen 

Jo Berglund 

Bert Duncan Trailer Sales (2007) Inc. 

Black & Decker Canada Inc 

Bluebird Truck Service Ltd. 

Chuck & Freda Blyth 

Boardom 

Bill & Phyllis Bocock 

R. Terrence Bocock 

Bonavista Petroleum Ltd. 

Katie Booth 

Border City Concrete Ltd. 

Boundary Ford Sales Ltd. 

Brian D. Larson Consulting Inc. 

Barbara & Larry Bright 

Elwood Brinton 

Keith & Aileen Brower 

Graham & Joan Brown 

Robert Brown 

Rebecca Butler 

James Calderwood 

Mary Callander 

Reid & Dorothy Cameron 

Canadian Association 

of Petroleum Producers 

Canadian Heavy Oil Association 

Canadian National Railways 

Canadian Natural Resources Limited 

Carey Farms 

Cargill Limited 

Deanna Carter 

CE Franklin Ltd. 

Cenaiko Foundation 

Jim & Helen Chesterman 

Chevraux Farm 

Child and Youth Care Association 

Chrysler Canada Inc. 

City Vision 

Ian Clark 

Murray Coburn 

Coca Cola Bottling 

Garry Coleman 

College Universitaire De Saint-Boniface 

Joy Collinge 

Common Wealth Credit Union Ltd. 

Joseph Corbiere 

G. Glen Cottrell 

Country Lane Angus 

County of Vermilion River No. 24 

David Cowan 

Cowpokes 

Craig’s Vermilion Ltd. 

Jacquie & Jim Crooks 

Rex & Joyce Cunningham 

Robert & Perla Cuny 

Glen Custer 

Mary Daigneault 

Rene Dallman 

Rosabelle Daugela 

Terence Dedman 

Degagne Motors (1990) 

Betty Dennett 

Devon Canada Corporation 

Greg & Sarah Dewing 

Discovery Ford Sales Ltd. 

Doc Holidays Charters Ltd. 

Bob Douglas 

Dr. Celia Takahashi Inc. 

Jeff Dustow 

E. I. Dupont Canada Inc. 

Eagle Valley Industries Ltd. 

Eastalta Co-op Ltd. 

Embryo Seeds Inc. 

Morris & Paulette Erickson 

Connie & Barry Fahrion 

Farm Credit Canada 

Pat Febrouski 

Paul & Leona Fedec 

Ferbey Sand and Gravel Ltd. 

Val Ferguson 

Brian & Joan Ferguson 

Roy & Muriel Findlay 

Karen Firlotte 

Stan Fisher 

Fisher Scientific 

Flint Field Services Ltd. 

Focus 

Dr. Allan C. Fong 

Forsberg & Forsberg 

Foster Counselling Services Ltd. 

Fountain Tire Ltd. 

Bill Fox 

Frank’s Saddlery & Supply Ltd. 

Frontier Peterbilt Sales Ltd. 

Fulkerth Services Ltd. 

Joe & Sonja Galichowski 

Frank Gannon 

Don & Marilyn Garbe 

Emelia Garcelon 

Gartner Construction 

General Glass (2003) Ltd. 

Nathalie Genereux 

Genie Philip Co. Ltd. 

Geo. C. Webb & Sons (1980) Ltd 

Richard & Laurie Geseron 

Norman & Margaret Glover 

Elmer Goeglein 

William Golby 

Barbara Gordey 

Allan & Elouise Gordeyko 

Elaine Gottfried 

Keri Graham 

Groves’ Drugs Ltd. 

Growing Alberta 

H. & L. Motors Ltd. 

Florence Hafso 

Keith & Lorraine Hall 

Mary Harrish 

Haydukewich Welding Ltd. 

Heavy Crude Hauling 

Heinsburg Oilfield Contracting Ltd. 

Trevor & Leeanne Hiebert 

Hillsask Farm 

Jim Hines 

Allen & Ellen Hirsch 

Dennis Hobman 

Greg & Dawn Hockaday 

Dale & Audrey Hockley 

Ron Hoffman 

Roger & Phyllis Holmes 

Holt Grainstock Acres Inc. 

Home Run Sports 

Brian Honeker 

Honey Bee Manufacturing Ltd. 

Horizon Fertilizers Ltd. 

Kevin Huber 

Robert Huff 

Husky Energy Inc. 

Alfred & Marjorie Hutchinson 

Ikon Office Solutions 

Image Press Ltd. 

Interior Designers of Alberta 

Interior Specialists Lloyd Ltd 

Intriquip Instruments Inc 

Ireland Farm Equipment Ltd 

- Agco Tractors 

Hazel Irving 

Jellybeans Hair Studio 

Bernice Johnson 

Clare Johnston 

Roger & Inga Jones 

Vic & Ann Juba 

Kalahari Management Inc. 

Pat Kallal 

Kasian Architecture 

Interior Design & Planning Ltd. 

Cecil King 

Kiwanis Club 

Bill & Ruth Kondro 

Denise Kotelko 

Kramerica Restaurant Group Inc. 

Michael Krim 

Roy Kubica 

John Kubin 

Marge & Edward Kuly 

Michael Kurchak 

Lakeland College Staff Association 

Lakeland College Stockman’s Club 

Lakeland College Students’ Association 

Lakeland Country Florists 

Lakeland Implements Ltd. 

Evelyn Lang 

Angie Laughlin 

Leckie and Associates 



19 

Lee J. Moneo Professional Corporation 

Park & Beth Letts 

Laura Letts 

Walter & Ollie Limming 

Brian & Celine Linfoot 

Suzanne Linklater 

Lions Club of Lloydminster Corp. 

Little’s Ranching Co. Ltd. 

Lloydminster 

& District Co-operative Limited 

Lloydminster Animal Hospital 

Lloydminster Chamber of Commerce 

Halvor & Marion Lofthaug 

Long’s Value Drug Mart 

Robert & Sylvia Lowery 

Kevin Lundell 

Lyle’s Cabinets 

Danilo & Salome Macaventa 

Tom Makepeace 

Mannville Truck Wash 

Mar View Land Ltd. 

Marathon Leasing Corporation 

Marsh Canada Limited 

Martin Plumbing & Heating Ltd. 

Material Matters 

May Theatres (1984) Limited 

Richard & Joyce McBain 

Marguerite McConnell 

Janice & Brian McCook 

Bill McCutcheon 

Terrance McDonald 

Arthur & Gladys McGinnis 

Bill McIldoon 

Willy & Laurie McInnes 

McKelvie Meadows Ranch 

Norma McLuckie & Heather Lensen 

George & Ivy McMillan 

Donald & June McMillan 

George McPhee 

Mabel McQuitty 

Marie & William Melenka 

Meloche Monnex 

Meridian Printing/Booster 

Daria Michayluk 

Ron & Kathryn Miskew 

Misty Hills Charolais Ltd 

Doug Morgan 

Allan Motley 

Henry Mottl 

Mryglod Steel & Metals Inc. 

Musgrave Agencies Ltd. 

Rick & Betty Nault 

Kathy Nelson 

Robert Nelson 

Nelson Group Inc. 

Newcap Broadcasting 

Newcap Radio Inc. 

Jack Newman 

Bill Nicholls 

Maryann & Donald Niekamp 

Nilsson Bros. Livestock Exchange 

Noralta Controls Ltd. 

Don & Zella Norem 

Oakley Mechanical Ltd. 

Mike Odynski 

Edith Ollen 

Dietrich & Violet Pankow 

Paradigm Holdings Inc. 

Patricia & Robert Parker 

Peace Island Tours 

Ronald Peden 

Pembina Consumers Co-op (2000) Ltd. 

Penn West Energy Trust 

Penn West Petroleum Ltd. 

Angelina Pennell 

Perkins Farms Inc. 

Perma Earth Consulting Ltd. 

Allan & Patricia Perreault 

Margaret Peterson 

Petroleum Society of CIM 

Richard & Frances Pfeiffer 

Patricia Pidruchney 

Pioneer Hi-Bred Limited 

Wendy Plandowski 

Nick Porozni 

Robert & Colin Porozni 

Poundmaker Pork Farm Inc. 

Priority Insurance Inc. 

Blake Proudfoot 

Neil Pugh 

Pyrotec Fire & Safety Equipment Ltd. 

Q-Line Trucking 

R. J. Nelson Family Foundation 

Ranch & Feedlot Rider Club 

Rapid Cleaners 

RBC Foundation 

Redhead Equipment Ltd. 

Robert & Shirley Reed 

Stephanie Richardson 

Mike & Linda Rieberger 

Jack Roberton 

Robertson Moskal Sarsons 

Bryan Robinson & Brent Herman 

William Robinson 

Madge Robison 

Walter Roland 

Irvin Ross 

Rotary Club of Lloydminster 

Rotary Club of Vermilion 

Royal Canadian Legion 

Royal Canadian Legion Br. 39 

Royal Canadian Legion, Alberta 

- N.W.T Command 

Gerry Rundle 

Ken & Jane Ruptash 

Lillian & Larry Ruptash 

Russel Metals Inc. 

Kandis Ryan 

SAMA 

Sand Control Systems Ltd. 

Sask. Assoc. of 

Veterinary Technologists Inc. 

Saskatchewan Association 

for Community Living Inc. 

Saskatoon Processing Co. 

SaskEnergy 

SaskTel 

Colleen Sawyer 

Monte Sawyer 

Russell & Judy Scheideman 

Elsie Scheidt 

Scotiabank 

James & Hazel Scott 

Derek Scott 

Lloyd & Elizabeth Seath 

Donald & Phyllis Sherk 

Dan Sinclair 

Kagan & Amy Sirett 

Arthur Skirrow 

Victoria Skitsko 

Jay Smith 

Lloyd Smith 

Bob & Margaret Snelgrove 

Snowbird Medi-Quote Inc. 

Solstice Canada Corp 

Allan & Doris Sorensen 

Spartan Controls 

Fred & Arline Spendiff 

Eric Stamp 

Gus & Marie Stamp 

Jean Stang 

Richard & Alison Starke 

Lawrence & Emily Stelmach 

Stenhouse Reno’s 

Dr. Alex & Alice Stewart 

Craig Stewart 

Earl & Kathleen Stewart 

Anne & Eugene Strynadka 

Subway 

Swan Valley Pharmacy 

Eileen Sweetnam 

Colleen Symes 

Synergy Credit Union 

Taylor Lexus Toyota 

The Accessories Edge Ltd. 

The Calgary Foundation 

The Canadian Wheat Board 

The Esthetic Touch Ltd. 

The Goat 

The Kootenay Bakery Cafe Cooperative 

The Muniserve Corporation 

The Prairie Provinces 

Chapter of the NKBA 

The Right Honourable 

Don Mazankowski Foundation 

Erika & Andreas Thomi 

Barry & Diane Thomlinson 

Thunderchild Human Services Corp. 

Tirecraft 

Torque Welding & Fabricating 2005 Ltd. 

Triad Publications Inc. 

Lillian & Steven Trowbridge 

TRU WAY Rescue Services Inc. 

Dennis Turner 

Tuscany Steak & Pizza Inc. 

UCG Universal Consulting Group Ltd. 

Eli Ulan 

United Farmers 

of Alberta Co-operative Limited 

Used Book Store 

Franciscus Van Der Hoorn 

& Blanka Kuhnel 

Josie Van Lent 

Vanbruggen Landscaping Ltd. 

Vanruskenveld Farms Ltd. 

Vantek Line Locating Ltd 

Veracity Financial Services 

Vermilion & District 

Chamber of Commerce 

Vermilion Agricultural Society 

Vermilion Allied Arts Council 

Vermilion Chrysler 

Vermilion Credit Union Ltd. Branch 298 

Vermilion Jr. B Tigers 

Vermilion Shell 

Viterra Inc. 

Cornelis & Anne Vos 

Ethan Walker 

Walking Through Grief Society 

Ross & Eleanor Wallace 

Charlie Wallish 

George Wardner 

Jean Wawryk 

Ed & Deb Wawryk 

Webb’s Ford Ltd. 

Weil-McLain Canada 

Weir Veterinary Services Ltd. 

Terry West 

Alan Deschner & Susan Whiting 

Bernard Whitten 

Marjorie Wiese 

Wildwood Farms Ltd. 

Wilkinson Livingston Stevens LLP 

S. A. Williams 

Norman Wilson 

Wingrove Farms Ltd. 

Mervin & Mary Winter 

Wisdom Home Schooling 

Miles & Melanie Wowk 

Orest & Patricia Yackimec 

Bill & Joanne Zawadiuk 

Kimberly Zieglgansberger 



20 

Management’s Responsibility for the Financial Statements 

The accompanying financial statements of Lakeland College are the responsibility of management and have been approved by the Board 

of Governors. The financial statements have been prepared by management in conformity with generally accepted accounting principles 

described in Note 2. 

To discharge its responsibility for the integrity and objectivity of financial reporting, management maintains a system of internal 

accounting controls comprising written policies, guidelines and procedures, and a formal authorization structure. This system is designed 

to provide management with reasonable assurance that transactions are properly authorized, reliable financial records are maintained, and 

assets are adequately accounted for and safe-guarded. 

The Board of Governors carries out its fiduciary responsibility for financial management of the institute through its Finance and 

Property and Audit Committees. The Audit Committee meets with management and the external auditor to discuss the results of audit 

examinations and financial reporting matters. The external auditor has full access to the Audit Committee, with and without the presence 

of management. 

The Auditor General of the Province of Alberta, the Institute’s external auditor appointed under the Auditor General Act, performs an annual 

independent audit of the financial statements. The Auditor’s Report follows. 

On behalf of management, 


President and CEO 

Ralph Troschke 

Vice President, Student and College Services 



21 

Auditor’s Report 

To the Board of Governors of Lakeland College 

I have audited the statement of financial position of Lakeland College as at June 30, 2008 

and the statements of operations, changes in net assets and cash flows for the year then 

ended. These financial statements are the responsibility of the College’s management. My 

responsibility is to express an opinion on these financial statements based on my audit. 

I conducted my audit in accordance with Canadian generally accepted auditing standards. 

Those standards require that I plan and perform an audit to obtain reasonable assurance 

whether the financial statements are free of material misstatement. An audit includes 

examining, on a test basis, evidence supporting the amounts and disclosures in the 

financial statements. An audit also includes assessing the accounting principles used and 

significant estimates made by management, as well as evaluating the overall financial 

statement presentation. 

In my opinion, these financial statements present fairly, in all material respects, the 

financial position of the College as at June 30, 2008 and the results of its operations and 

its cash flows for the year then ended in accordance with Canadian generally accepted 

accounting principles. 

Original signed by Fred J. Dunn, FCA 

Auditor General 

Edmonton, Alberta 

October 3, 2008 

The official version of this Report of the Auditor General, 

and the information the Report covers, is in printed form. 



22 

STATEMENT OF FINANCIAL POSITION 

As at June 30, 2008 

2008 2007 

ASSETS 

Cash and short-term investments (Note 4) $ 14,872,220 $ 11,941,633 

Accounts receivable & prepaids 2,639,571 2,847,423 

Inventories (Note 3) 951,956 905,217 

18,463,747 15,694,273 

Non-current cash and cash equivalents (Note 4) 4,757,088 4,305,352 

Investments (Note 5) 11,142,434 8,242,889 

Patronage dividends receivable 12,817 12,817 

Capital assets (Note 6) 64,641,982 58,300,796 

$ 99,018,068 $ 86,556,127 

LIABILITIES AND NET ASSETS 

Accrued vacation pay $ 2,036,406 $ 1,902,237 

Accounts payable and accrued liabilities 4,122,013 3,005,492 

Unearned revenue (Note 7) 2,030,537 2,092,387 

Deferred contributions (Note 8) 1,677,760 3,852,764 

Current portion of long-term liabilities (Note 12) 588,004 120,000 

10,454,720 10,972,880 

Deferred capital contributions (Note 9) 8,476,424 5,682,345 

Unamortized deferred capital contributions (Note 10) 47,368,820 43,140,482 

Long-term liabilities (Note 12) 3,361,198 2,280,000 

69,661,162 62,075,707 

Net assets: 

Unrestricted 

Accumulated excess of revenue over expenses 13,585,450 9,706,200 

Accumulated net unrealized gain on investments (Note 11) 396,293 - 

Internally restricted (Note 13) 120,545 142,125 

Invested in capital assets 13,323,960 12,760,313 

Endowments (Note 14) 1,930,658 1,871,782 

29,356,906 24,480,420 

$ 99,018,068 $ 86,556,127 

The accompanying notes are part of these financial statements. 



23 

STATEMENT OF OPERATIONS 

For the year ended June 30, 2008 

Revenue: 

2008 2007 

Budget 

(Note 18) Actual Actual 

Grants (Note 15) $ 29,653,663 $ 32,449,903 $ 28,105,537 

Tuition and related fees 9,611,619 10,304,775 10,892,314 

Sales, rentals and services (Note 16) 4,692,217 5,361,073 4,989,706 

Amortization of deferred capital contributions (Note 10) 2,400,000 2,578,117 2,486,207 

Contract revenue 2,455,036 2,676,791 4,917,143 

Investment income (Note 17) 410,000 1,060,282 807,262 

Donations 138,000 241,548 289,169 

Other 998,669 1,917,655 1,868,102 

50,359,204 56,590,144 54,355,440 

Expenses (Note 16): 

Salaries and benefits (Note 19) 28,779,540 29,268,210 26,826,878 

Supplies and services 13,920,324 15,551,065 15,961,468 

Amortization of capital assets 4,969,104 4,665,531 4,444,772 

Utilities 1,954,970 1,841,927 1,849,871 

Severance payments - 124,345 135,142 

Interest expense 207,074 302,418 227,344 

Scholarships and bursaries 428,192 366,505 374,835 

Loss (Gain) on disposal of assets - 48,826 (6,367) 

50,259,204 52,168,827 49,813,943 

Excess of revenue over expenses $ 100,000 $ 4,421,317 $ 4,541,497 




24 

STATEMENT OF CHANGES IN NET ASSETS 


2008 2007 

Accumulated 

Net Unrealized 

Internally Gain (Loss) on 

Restricted Investments Invested in 

Unrestricted (Note 13) (Note 11) Capital Assets Endowments Total Total 

Excess of revenue 

over expenses $ 4,421,317 $ - $ - $ - $ - $ 4,421,317 $ 4,541,497 

Endowment contributions - 58,876 58,876 95,206 

Transfers: 

Net unrealized losses on 

available for sale 

investments (Note 11) (609,841) (609,841) 

Amortization of internally 

funded capital assets 2,087,414 (2,087,414) - - 

Acquisition of internally 

funded capital assets (4,311,477) 4,311,477 - - 

Assumption of capital lease 1,923,654 (1,923,654) - - 

Repayment of Loans (374,453) 374,453 - - 

From internally restricted 21,580 (21,580) - - 

Net book value of capital 

asset disposals 111,215 (111,215) - - 

Increase in net assets 3,879,250 (21,580) (609,841) 563,647 58,876 3,870,352 4,636,703 

Net assets beginning of year 9,706,200 142,125 - 12,760,313 1,871,782 24,480,420 19,843,717 

Adjustment effective July 1, 

2007 per Notes 2(b) and 11 1,006,134 1,006,134 

Net assets at end of year $ 13,585,450 $ 120,545 $ 396,293 $ 13,323,960 $ 1,930,658 $ 29,356,906 $24,480,420 




25 

STATEMENT OF CASH FLOWS 


Cash provided by: 

2008 2007 

OPERATING ACTIVITIES 

Surplus of revenue over expenses $ 4,421,317 $ 4,541,497 

Non-cash transactions 

Amortization of capital assets 4,665,531 4,444,772 

Amortization of deferred capital 

contributions (Note 10) (2,578,117) (2,486,207) 

Loss (Gain) on disposal of capital assets 48,826 (6,367) 

6,557,557 6,493,695 

Net change in non-cash working capital (825,050) 4,227,273 

Cash provided by operating activities 5,732,507 10,720,968 

INVESTING ACTIVITIES 

Acquisition of capital assets 

Internally and debt funded (4,311,477) (1,905,262) 

Externally funded (6,806,455) (3,772,369) 

Net purchase and unrealized gains on investments (2,503,253) (3,262,509) 

Proceeds from disposal of capital assets 62,390 20,008 

Cash used in investing activities (13,558,795) (8,920,132) 

FINANCING ACTIVITIES 

Endowment contributions 58,876 95,206 

Proceeds from capital lease 1,923,654 - 

Repayment of long-term debt (374,453) (175,505) 

Capital contributions received (Note 9) 9,600,534 4,754,641 

Cash provided by financing activities 11,208,611 4,674,342 

INCREASE IN CASH AND SHORT TERM INVESTMENTS 3,382,323 6,475,178 

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 16,246,985 9,771,807 

CASH AND CASH EQUIVALENTS AT END OF THE YEAR $ 19,629,308 $ 16,246,985 




26 

NOTES TO THE FINANCIAL STATEMENTS 


NOTE 1 

NOTE 2 

Authority and Purpose 

Lakeland College (the “College”) operates under the authority of the Post Secondary Learning Act, Chapter P-19.5., Statutes of Alberta, 2003. 

The College, as an inter-provincial institution, provides quality educational services responsive to the needs of students in relation to the 

workplace, community and society. The College is exempt from the payment of income taxes under section 149 of the Income Tax Act and is a 

registered charity. 

Summary of Significant Accounting Policies and Reporting Practices 

These financial statements have been prepared in accordance with Canadian generally accepted accounting principles. In preparing the 

College’s financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and 

liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and 

expenses during the period. Management believes its estimates to be appropriate, however, actual results could differ from these estimates. 

(a) Revenue Recognition 

Operating grants are recognized in the period when receivable. Operating grants received for a future period are deferred until that future 

period and are reported as deferred contributions. 

Amounts received for tuition fees and contract programs and sales, rentals and services are recognized as revenue in the period the 

goods are delivered or the services are provided. 

Capital grants and capital donations are recorded as deferred capital contributions until the amounts are invested in capital assets. 

Amounts invested representing funded capital assets are transferred to unamortized deferred capital contributions. Unamortized deferred 

capital contributions are recognized as revenue in the periods in which the related amortization expense for the funded capital assets is 

recorded. 

The College recognizes dividend and interest revenue as earned, and investment gains and losses when realized. Realized gains and 

losses represent the difference between the amounts recognized through sales of investments and their respective cost base, as well as 

the amounts provided for as a write-down due to impairment. Unrealized gains and losses on available-for-sale securities attributed to 

endowment net assets are recorded in deferred contributions. Unrealized gains and losses on available-for-sale securities attributed 

to other net assets are recorded in the Statement of Changes in Net Assets, and are recognized in the Statement of Operations when 

realized. 

Unrestricted cash donations are recognized as revenue when they are received. Donations of materials and services that would otherwise 

have been purchased are recorded at fair value when a fair value can be reasonably determined. 

Externally restricted non-capital contributions are deferred and are recognized as revenue in the period in which the related expenses 

are incurred. Externally restricted amounts can only be used for purposes designated by the contributors. Any externally restricted 

contributions containing stipulations that the amounts should be permanently maintained, are recorded as a direct increase to net assets. 

(b) Change in Accounting Policy 

Effective July 1, 2007, Lakeland College implemented new financial instrument standards as described in the Canadian Institute of 

Chartered Accountants (CICA) Handbook Section 3855, Financial Instruments - Recognition and Measurement; and Section 3861 - 

Financial Instruments - Disclosure and Presentation. The College does not use hedge accounting and accordingly, is not impacted by the 

requirement of Section 3865, Hedges. As permitted for Not-for-Profit Organizations, Lakeland has elected not to apply the standards for 

embedded derivatives (elements of contracts whose cash flows move independently from the host contract) in non-financial contracts. 

Certain transitional adjustments have been recorded in opening net assets and as of July 1, 2007 (transition date) for the change in 

accounting for financial assets classified as available-for-sale and measured at fair value, rather than cost, as at the commencement of 

the current fiscal year. 



27 

(c) 

(d) 

(e) 

(f) 

(g) 

Financial assets classified as available-for-sale are measured at fair value with changes in fair values recognized in the Statement of 

Changes in Net Assets or deferred contributions as appropriate until realized, at which time the cumulative changes in fair value are 

recognized in the Statement of Operations. 

Upon implementation of the new standards, the College has classified its significant financial assets and financial liabilities as follows: 

- Cash and investments are classified as available-for-sale, and are measured at fair value with subsequent gains or losses included in 

net assets or deferred contributions until the asset is removed from the Statement of Financial Position. A transitional adjustment as at 

July 1, 2007 is outlined in Note 11. 

- Accounts receivable are classified as other loans and receivables. After initial fair value measurement, they are measured at amortized 

cost. 

- Accounts payable, accrued liabilities and employee benefits liabilities are classified as other financial liabilities. After their initial fair 

value measurement, they are measured at amortized cost using the effective interest rate method. 

Capital Assets 

Purchased capital assets are recorded at cost. Donated assets are recorded at their fair value when donated. Capital assets are amortized 

on a straight-line basis over the following estimated average useful lives: 

Buildings, leasehold and site improvements 

3 - 40 years 

Furniture, equipment and library 

10 years 

Vehicles, computers and telecommunication equipment 5 years 

Inventories 

Livestock inventory is recorded at net realizable value. All other inventories are valued at the lower of cost and net realizable value. 

Financial Instruments 

The fair values of the College’s accounts receivable, accounts payable and accrued liabilities and accrued vacation pay are valued in 

accordance with the methods described in Note 2(b). Fair value of publicly traded securities are based on closing market prices. 

Financial instruments of the College are exposed to credit risk, interest rate risk, foreign exchange risk and market risks. The College’s 

accounts receivable are due from a diverse group of customers and are subject to normal credit risk. The interest rate risk is the risk to 

the College’s earnings that arises from the fluctuations in interest rates and the degree of volatility of these rates. The foreign exchange 

risk is the risk of the rising costs related to purchase transactions in United States currency and the reduction of amounts collected for 

receivables which are due in United States currency. The market risk is the risk to the College’s earnings that arises from the fluctuation 

and the degree of volatility in the market value of long-term investments. Each of these risks is limited through the College’s collection 

procedures, investment guidelines and other internal policies, guidelines and procedures. 

Fixed income and marketable equity securities are classified as available-for-sale (investments held for long-term capital appreciation 

and generation of income), and are measured at fair value at each reporting date. The College utilizes settlement-date accounting for all 

purchases and sales of financial assets in its investment portfolio. Fixed income securities are initially recognized at acquisition cost 

(purchase price plus transaction costs), which reflects any premium or discount at date of purchase, and carried at fair value. 

Marketable equity securities are also initially recognized at acquisition cost, and subsequently measured at fair value. 

Employee Future Benefits 

The College participates in the Province of Alberta’s Local Authorities and the Management Employees Pension Plans. These pension 

plans are multi-employer defined benefit plans that provide pensions for the College’s participating employees, based on years of service 

and earnings. 

Pension costs included in these financial statements comprise the amount of employer contributions required for its employees during 

the year, based on rates which are expected to provide for benefits payable under the Local Authority and the Management Employees 

Pension Plans. The College’s portion of the pension plans’ deficit or surplus is not recorded by the College. 

Pledges Receivable 

Pledges receivable are not recorded as assets in these financial statements. 



28 

Note 3 

Inventories 

Inventories consist of: 

2008 2007 

Livestock $ 339,125 $ 311,555 

Bookstore 323,948 353,041 

Firefighting agents 125,725 108,506 

Fuels 78,294 48,874 

Farm 81,632 80,783 

Quip shop 3,232 2,458 

$ 951,956 $ 905,217 

Note 4 

Cash and Cash Equivalents 

2008 2007 

Unrealized Gain 

Unrealized Gain 

Cost (Loss) Market Cost (Loss) Market 

Bank balance $ 5,126,724 $ - $ 5,126,724 $ 6,342,883 $ - $ 6,342,883 

Money market investments 11,905,496 - 11,905,496 7,998,750 (1,511) 7,997,239 

Endowment investment fund 2,045,406 551,682 2,597,088 1,905,352 644,700 2,550,052 

19,077,626 551,682 19,629,308 16,246,985 643,189 16,890,174 

Less non-current portion (4,757,088) (4,305,352) 

$ 14,872,220 $ 11,941,633 

Non-current cash and investments are comprised of: 2008 2007 

Endowments $ 2,597,088 $ 1,905,352 

Long Term Debt 2,160,000 2,400,000 

$ 4,757,088 $ 4,305,352 

Included in cash and cash equivalents, the College is holding $6 million for capital projects and $3 million in apprenticeship access funds. 

Note 5 

Investments 

2008 2007 

Unrealized 

Unrealized 

Cost Gain (Loss) Market Cost Gain (Loss) Market 

Bonds 5,405,625 (69,141) 5,336,484 5,298,836 (109,631) 5,189,204 

Mutual Funds 5,340,516 465,434 5,805,950 2,944,053 1,117,277 4,061,330 

$ 10,746,141 $ 396,293 $ 11,142,434 $ 8,242,889 $ 1,007,646 $ 9,250,534 

The College’s investment strategy is to meet expenditure requirements within one year, investing such funds in liquid investments. 

The balance of funds are invested for a longer term with a mix of maturities between one and ten years. 

Pooled Bond Funds have an average effective yield of 4.68% (in 2007, 5.10%) and weighted average term to maturity of more than one year. 



29 

Note 6 

Capital Assets 

Capital assets consist of: 

2008 2007 

Accumulated Net Book Net Book 

Cost Amortization Value Value 

Land $ 1,612,439 $ - $ 1,612,439 $ 1,612,439 

Buildings 89,213,018 (44,177,496) 45,035,522 41,383,130 

Site improvements 18,259,803 (10,585,112) 7,674,691 8,054,736 

Furniture & equipment 12,825,225 (8,074,389) 4,750,836 3,502,145 

Computers & telecommunications equipment 12,067,113 (7,716,203) 4,350,910 2,583,541 

Vehicles 2,329,220 (1,693,116) 636,104 532,319 

Leasehold improvements - - - 79,998 

Milk quotas 267,641 - 267,641 220,391 

Library 3,454,164 (3,140,325) 313,839 332,097 

$ 140,028,623 $ (75,386,641) $ 64,641,982 $ 58,300,796 

The Province of Alberta has been granted an option to purchase for $1 the whole or any part of the land, buildings and site improvements 

that it transferred to the College in 1982. 

In 2006 for the consideration of $1, Lakeland College sold its interest in six acres of land to the Town of Vermilion for the Town’s use of 

building a Community Centre. 

Buildings include $9,059,050 (2007 - $3,449,537) of the Lloydminster Expansion project and computers & telecommunications equipment 

include $117,614 relating to the wireless / network separation project, amortization of which is deferred until the completion of the project. 

Note 7 

Unearned Revenue 

Unearned revenue consists of: 

2008 2007 

Tuition and residence fees $ 1,480,565 $ 1,310,198 

Contract advances 193,847 416,122 

Extension and community education course fees 58,897 38,804 

Projects & programs 297,228 327,263 

$ 2,030, 537 $ 2,092,387 



30 

Note 8 

Deferred Contributions 

Changes in deferred contributions are as follows: 

2008 2007 

Restricted donations & contributions received during the year 

Conditional grants $ 2,412,290 $ 5,442,992 

Donations in kind 57,621 57,114 

Restricted donations 63,985 5,350 

Scholarships 325,605 163,911 

Interest on endowments (Note 17) 120,066 106,760 

2,979,567 5,776,127 

Transferred to revenue: 

Conditional grants (Note 15) (5,326,139) (2,438,875) 

Restricted donations (3,350) (10,334) 

Donations in kind (16,360) (53,414) 

Scholarships and bursaries (360,404) (267,420) 

(5,706,253) (2,770,043) 

Increase (decrease) during the year relating to operating funding (2,726,686) 3,006,084 

Balance at beginning of the year relating to operating funding 3,852,764 846,680 

Balance at end of the year relating to operating funding $ 1,126,078 $ 3,852,764 

Deferred contributions relating to unrealized gain on investments 

Unrealized gain on investments, beginning of year, as restated (Note 11) 644,700 - 

Change in unrealized gain on investments relating to deferred contribution (93,018) - 

Unrealized gain on investments, end of year $ 551,682 $ - 

Total Deferred contributions, Balance at end of year $ 1,677,760 $ 3,852,764 

The balance consists of funds restricted for: 

Conditional programs 757,799 3,569,753 

Scholarships and bursaries 330,710 261,663 

College development 37,569 21,348 

Unrealized gain on investments allocated to deferred contributions 551,682 - 

$ 1,677,760 $ 3,852,764 



31 

Note 9 

Deferred Capital Contributions 

Changes in deferred capital contributions are as follows: 

2008 2007 

Contributions received during the year $ 9,227,829 $ 4,754,641 

Interest allocated to deferred capital contributions 372,705 

Total contributions received in year 9,600,534 4,754,641 

Transferred to unamortized deferred contributions (Note 10) (6,806,455) (3,772,369) 

Balance at beginning of the year 5,682,345 4,700,073 

Balance at end of the year $ 8,476,424 $ 5,682,345 

Note 10 

Unamortized Deferred Capital Contributions 

2008 2007 

Transferred to revenue $ (2,578,117) $ (2,486,207) 

Transferred from deferred capital contributions (Note 9) 6,806,455 3,772,369 

4,228,338 1,286,162 

Balance at the beginning of the year 43,140,482 41,854,320 

Balance at the end of the year $ 47,368,820 $ 43,140,482 

Note 11 

Net Unrealized Gains on Available-for-Sale Investments 

2008 2007 

Net unrealized losses on available-for-sale investments arising during the year $ (695,762) $ - 

Net investment losses realized on available-for-sale investments during 

the year and reported in the statement of operations (7,097) - 

Decrease in unrealized gain on available-for-sale investments (702,859) - 

Balance, July 1, 2007 (Note 2(b)) $ 1,650,834 $ - 

Net unrealized gains on available-for-sale investments at end of year $ 947,975 $ - 

2008 2007 

Endowment net 

assets, recorded in 

deferred contributions Other net 

(Note 8) assets Total Total 

Balance, Beginning of year (Notes 2(b) 

and 3(b)) $ 644,700 $ 1,006,134 $ 1,650,834 - 

Decrease during the year (93,018) (609,841) (702,859) - 

Balance, End of year 551,682 $ 396,293 $ 947,975 - 



32 

Note 12 

Long-Term Liabilities 

2008 2007 

(a) Long Term Debt $ 2,280,000 $ 2,400,000 

(b) Capital Lease 1,669,202 - 

Total Long Term Liabilities $ 3,949,202 $ 2,400,000 

Current Portion (588,004) (120,000) 

Long Term Portion $ 3,361,198 $ 2,280,000 

(a) Long-term Debt: 

2008 2007 

Alberta capital financing authority (AFCA) $ 2,280,000 $ 2,400,000 

Less: current portion $ (120,000) $ (120,000) 

$ 2,160,000 $ 2,280,000 

The ACFA loan is a 25 year debenture secured by residences with value of $2,956,794. The debenture incurs interest at 6.5% per annum. 

AFCA Loan 

2008-09 $ 120,000 

2009-10 120,000 

2010-11 120,000 

2011-12 120,000 

2012-13 and subsequent 1,800,000 

$ 2,280,000 

(b) Capital Lease: 

2008 2007 

IBM capital lease 1,669,202 - 

Less: current portion (468,004) - 

Non-current capital lease obligation 1,201,198 - 

The minimum annual payments under the capital lease obligation are as follows: 

IBM Lease 

2008-09 $ 468,004 

2009-10 468,004 

2010-11 468,004 

2011-12 468,004 

Total minimum lease payments $ 1,872,016 

Less: amount representing interest (202,814) 

Capital lease obligation $ 1,669,202 

The IBM lease is for goods and services relating to the restructuring of the College network and enabling the wireless internet access system and is for a 

term of 5 years with an imputed interest rate of 4.75%. During the year, interest of $66,453 (2007 -$0) has been charged to the expense. 



33 

Note 13 

Net Assets Internally Restricted by the Board 

Net assets internally restricted by the Board represent amounts set aside by the College’s Board of Governors to be used for the following 

designated purposes. These amounts are not available for other purposes without the approval of the Board. 

2008 2007 

Major maintenance and equipment $ 68,230 $ 75,314 

Delivery initiatives 52,315 66,811 

$ 120,545 $ 142,125 

Note 14 

Endowments 

External endowments consist of funds restricted for: 

2008 2007 

College development $ 420,089 $ 420,089 

Scholarships and bursaries 1,510,569 1,451,693 

Funds are required to be maintained in perpetuity. 

$ 1,930,658 $ 1,871,782 

Note 15 

Grants 

Grant revenue consists of: 

2008 2007 

Budget Actual Actual 

Advanced Education 

General Operating $ 25,674,084 $ 25,939,714 $ 24,451,864 

Conditional (Note 8) 2,932,838 5,326,139 2,438,875 

Other Government Grants 8,000 - 84,789 

Province of Saskatchewan 

General Operating 1,038,741 1,184,050 1,130,009 

$ 29,653,663 $ 32,449,903 $ 28,105,537 



34 

Note 16 

Sales, Rentals and Services 

Revenue and direct expense for sales, rentals and services consists of: 

2008 2007 


Revenue: 

Residences $ 2,399,745 $ 2,646,975 $ 2,624,033 

Bookstores 896,045 1,124,981 1,002,330 

Cafeterias 699,224 860,181 760,346 

Conference Services 300,500 306,304 321,820 

Printing 4,500 9,658 8,624 

Swimming Pools 224,998 177,055 171,618 

Other 167,205 235,919 100,935 

4,692,217 5,361,073 4,989,706 

Direct Expenses: 

Residences 2,273,694 3,001,736 2,205,771 

Bookstores 891,191 1,155,190 1,114,429 

Cafeterias 740,501 893,758 771,911 

Conference Services 295,899 277,818 356,735 

Printing 2,340 916 1,458 

Swimming Pools 275,416 254,804 225,417 

Other 148,902 409,730 142,080 

4,627,943 5,993,952 4,817,801 

Excess of Revenue over 

Direct Expenses $ 64,274 $ (632,879) $ 171,905 

Note 17 

Investment Revenue 

2008 2007 

Investment Income Earned $ 1,187,445 $ 915,023 

Loss on Sale of Investments (7,097) (1,001) 

Investment Income Before Transfer 1,180,348 914,022 

Less: amount transferred to deferred contributions (Note 8) (120,066) (106,760) 

Investment Income from Unrestricted Sources $ 1,060,282 $ 807,262 



35 

Note 18 

Operating Expense 

Operating expense is summarized as follows: 

2008 2007 


Instruction $ 19,997,096 $ 21,250,076 $ 21,255,684 

Amortization of capital assets 4,969,104 4,665,531 4,444,772 

Cost of sales, rental & services 

(Note 16) 4,627,943 5,993,952 4,817,801 

Facility operations and maintenance 3,230,497 5,255,476 4,077,630 

Academic support 4,377,926 3,886,839 4,896,174 

Institutional support 8,355,739 5,575,780 5,243,030 

Student services 2,804,902 3,681,693 3,513,522 

Computing services 1,859,997 1,859,480 1,565,330 

$ 50,259,204 $ 52,168,827 $ 49,813,943 

Instruction encompasses all formal education and instructional program elements. Academic support includes all activities that directly 

support the educational and instructional elements such as academic administration, library and audio-visual services. Institutional support 

includes all activities that provide institution-wide support to other programs such as the President’s office, human resources and financial 

services. Student Services includes all activities and services for the student body. 

Note 19 

Salaries and Benefits 

The following information is prepared in accordance with Treasury Board Directive No. 12/98 as amended in 2007 and only includes salary 

and benefit information for the Board and Executive Management: 

2008 2007 

Other 

Number of Base Salary Other Cash Non-Cash Number of 

Individuals (1) Benefits (2) Benefits (3) Total Individuals Total 

Chairman of the Board 1 $ - $ 14,434 $ 726 $ 15,160 1 23,226 

Other Board 11 - 31,694 761 32,455 11 38,428 

- 46,128 1,487 47,615 61,654 

President 1 155,000 20,765 175,765 1 169,460 

VP Academics 1 130,000 20,333 150,333 1 144,510 

VP Student 

and College Services 1 130,000 20,182 150,182 1 124,379 

Executive Director 

External Relations (4) - - - - - 1 275,533 

Director, Human Resources 1 108,514 18,121 126,635 1 118,224 

Director, Fund Development 1 86,106 15,276 101,382 1 90,141 

609,620 - 94,677 704,297 922,247 

Salaries & Ben Expense in year $ 609,620 $ 46,128 $ 96,164 $ 751,912 $ 983,901 

(1) Base salary includes pensionable base pay. 

(2) Other cash benefits includes honoraria. 



36 

(3) Employer’s share of all employee benefits and contributions or payments made on behalf of employees including pension, health care, 

dental coverage, vision coverage, out of country medical benefits, group life insurance, accidental disability and dismemberment 

insurance, long and short term disability plan, professional memberships and tuition. 

Other non-cash benefits figure also includes the Employer’s share of the cost of additional benefits including sabbaticals or other special 

leave with pay, financial planning services, retirement planning services, concessionary loans, travel allowances, car allowances, and club 

memberships. 

(4) Executive Director, External Relations position was vacated in 2007 and will not be filled. 

Note 20 

Note 21 

Budget 

The operating and capital budgets were approved by the Board of Governors on March 28, 2007. The operating budget does not include 

revenues and expenses for ad hoc programs negotiated subsequent to budget approval. The approved capital budget provided $3,166,248 

(actual $4,573,568) for internally funded acquisitions of capital assets. 

Commitments 

The College has the following commitments requiring future minimum annual payments for years ending June 30 as follows: 

2008-09 $ 308,468 

2009-10 199,498 

2010-11 29,441 

2011-12 - 

2012-13 - 

$ 537,407 

Note 22 

Related Party Transactions 

Province of Alberta 

The College is a Provincial Corporation as all the members of the Board of Governors are appointed by a combination of orders by the 

Lieutenant Governor in Council and the Minister of Advanced Education. Grant revenue transactions between the College and the Province are 

disclosed in the College financial statements as follows: 

2008 

Deferred Deferred Capital Grant 

Contributions Contributions Revenue Total 

Alberta Advanced Education 

Regular operating $ - $ - $ 25,939,714 $ 25,939,714 

Performance funding - - - - 

Access funding 383,698 23,126 3,530,576 3,937,400 

Conditional 271,022 1,801,615 237,363 2,310,000 

Alberta Infrastructure 

Infrastructure maintenance 19,345 5,355,105 1,558,200 6,932,650 

Total $ 674,065 $ 7,179,846 $ 31,265,853 $ 39,119,764 



37 

2007 

Deferred Deferred Capital Grant 

Contributions Contributions Revenue Total 

Alberta Advanced Education 

Regular operating $ - $ - $ 24,303,046 $ 24,303,046 

Performance funding - - 148,818 148,818 

Access funding 2,414,180 37,882 1,826,961 4,279,023 

Conditional 96,740 970,376 153,808 1, 220,924 

Alberta Infrastructure 

Infrastructure maintenance 1,035,735 3,616,463 458,106 5,110,304 

Total $ 3,546,655 $ 4,624,721 $ 26,890,739 $ 35,062,115 

The College provided courses to other provincial colleges and participated in the development, sale and offering of certain courses with other 

public colleges. The revenues and expenses incurred for these have been included in the Statement of Operations but have not been separately 

quantified. These transactions were entered into on the same business terms as with non-related parties and are recorded at fair market value. 

Note 23 

Pension Liability and Expense 

In the year ending June 30, 2008, the College participated in the Local Authorities Pension Plan (LAPP) in the amount of $1,611,372 

(2007-$1,414,616). As at December 31, 2007, the LAPP reported a deficiency of $1,183,334,000 (2006 - $746,651,000). The January 1, 

2008 employers’ contribution rate was not increased. Pension expenses are recorded in the Salaries and Benefits section of the Statement of 

Operations. 

Note 24 

Contingent Liabilities 

There is one unresolved claim against the College. While the outcome of this claim cannot be predicted at this time, it is the opinion 

of management that the resolution of this claim will not have a material effect on the financial statements of the College and it has not 

been reflected in these statements. Additional costs of settling this claim, if any, will be charged to operations upon settlement, which in 

management’s opinion will not have a material effect on the financial position of the College. 

Note 25 

Comparative Figures 

The 2007 figures have been reclassified where necessary to conform to 2008 presentation. 

Note 26 

Approval of Financial Statements 

These financial statements were approved by the Board of Governors. 





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