LAKELAND COLLEGE Annual Repor t 2008 - 2009

ANNUAL REPORT 2008-2009
1
CONTENTs
Board Accountability Statement ......................................................... 3
Management’s Responsibility for Reporting....................................... 3
Message from the President................................................................ 4
Year in Review...................................................................................... 5
Operational Overview........................................................................... 6
Board of Governors....................................................................... 6
Programming................................................................................ 6
Enrolment..................................................................................... 8
Facilities........................................................................................ 8
Staffing ........................................................................................ 8
Performance Review..................................................................... 8
Management’s Discussion and Analysis.............................................. 14
Overview....................................................................................... 14
Financial Information.................................................................... 14
Expenses....................................................................................... 15
Financial Position.......................................................................... 16
Capital Projects............................................................................. 16
Areas of Risk................................................................................. 17
Donors................................................................................................ .18
Financial Statements............................................................................ 20
Auditor’s Report........................................................................... 20
Statement of Financial Position................................................... 21
Statement of Operations.............................................................. 22
Statement of Changes in Net Assets........................................... 23
Statement of Cash Flows............................................................. 24
Notes to the Financial Statements............................................... 25