LAKELAND COLLEGE

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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