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CAMBRIAN COLLEGE
BUSINESS PLAN
2013-2014
Business Plan 2013-2014
Table of Contents
Introduction ..................................................................................................................... 3
Action Plans .................................................................................................................... 4
External Factors ............................................................................................................ 11
Budget Commentary ..................................................................................................... 12
Investing in the Future ................................................................................................... 12
2013-2014 Budget ......................................................................................................... 13
Conclusion .................................................................................................................... 31
Contact Us .................................................................................................................... 32
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
2
Business Plan 2013-2014
Introduction
In accordance with Section 8 of O. Reg.34/03 under the Ontario Colleges of Applied Arts and
Technology Act, 2002, Cambrian College of Applied Arts and Technology is pleased to present
its 2013-2014 Business Plan.
The Business Plan was prepared in accord with the College’s Strategic Plan 2009-2014 which is
founded on three pillars – generate innovative growth, shape opportunity and foster success –
underpinning our strategic mission.
In order to track our progress towards achieving the goals, Cambrian has developed an updated
set of institutional performance indicators. These indicators, which have been incorporated into
our current balanced scorecard, not only gauge our progress but also represent our continued
commitment to quality and accountability. The College Performance Scorecard serves as a
vehicle to communicate our strengths, our challenges, and our opportunities to internal and
external stakeholders, as well as to the broader community. A copy of this scorecard
accompanies this plan.
The 2013-2014 Business Plan is available for download from the College’s website at
www.cambrianCollege.ca or can be emailed free of charge upon request by contacting
Cambrian College.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
3
Business Plan 2013-2014
Action Plans
As part of Strategic Plan 2009 – 2014 (Appendix A), the College approved the 2013-2014
College Action Plans which will guide the College’s activities during this fiscal year.
The 2013-2014 College Action Plans will focus on the following areas for this fiscal year:
Generate Innovative Growth
Increase College enrolment in the traditional target of secondary school graduates and
adult learners
Develop distinction in specific program areas that meet local and provincial industry
needs
Increase recruitment and retention of aboriginal learners
Expand internationalization of the College campus
Shape Opportunity
Leverage technology in diverse/flexible ways that meet the needs of all our learners and
expand program delivery to remote students
Pursue applied research that enhances learning, and economic and community
development
Foster Success
Provide an inclusive, safe and supportive environment for a community of diverse
learners and employees
Enhance graduate employability through a focus on Experiential learning in all programs
Maximize institutional research, planning and evaluation processes to ensure program
quality standards are maintained.
Enhance the image of Cambrian College in the community and in key target markets
Administrative
Implement effective financial management processes aimed at ensuring Cambrian’s
sustainable, long-term, financial health
Expand existing and develop new business development revenue streams
Leveraging technology for optimal institutional research, planning and evaluation
Increasing facilities capacity to support strategic goals and areas of distinction
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
4
Business Plan 2013-2014
Outcome:
Generate Innovative Growth
Goal
1. Increase overall College
enrolment, including
traditionally
underrepresented
groups, specifically, nontraditional and nondirect entry students
2. Develop distinction in
specific program areas
that meet local and
provincial industry needs
3. Increase recruitment and
retention of aboriginal
learners
Tactic
Expand strategic
recruitment initiatives
regionally and targeting
the general population
from Central and South
Western Ontario and the
GTA
Launch a suite of one
year, entry certificate
programs providing an
introduction to each
Cambrian school of study
targeting newly
graduated secondary
school students to
replace the fifth year of
secondary school
Develop and submit for
approval three new
programs in areas of
distinction
Expand recruitment
initiatives to make
Cambrian the college of
choice among Aboriginal
learners across the North
Implement 3 new
strategies to retain
Aboriginal students
through to graduation
2013/14 Results
2% overall College
enrolment growth.
2% increase in enrolment
across programs of
distinction.
One new collaborative
program.
2% increase in number of
Aboriginal students on
campus and/or taking
programs in their
communities.
2% improvement in
retention rate of Aboriginal
students from 1st to 2nd
semester and 1% retention
rate improvement for
Aboriginal students from
first to second year.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
5
Business Plan 2013-2014
4. Expand
internationalization of
the College campus
Establish one additional
international location
placement opportunity
for students
Diversify international
students population by
engaging in recruitment
in at least 3 new
countries
10% increase in
international student
enrolment on campus.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
6
Business Plan 2013-2014
Outcome:
Shape Opportunity
Goal
Tactic
1. Leverage technology in
diverse/flexible ways
that meet the needs of
all our learners and
expand program delivery
to remote students
Establish a “Learning at a
Distance” department
which includes Virtual,
Online, and blended
delivery
Modify classrooms, and
improve classroom
acoustics to enable quality
audio-visual at a distance
2. Pursue applied research
that enhances learning,
and economic and
community development
Develop and attract highly
qualified skilled personnel
for pursuit of research.
Be an enabler of the
innovation economy.
2013/14 Results
“Learning at a Distance”
department established
with new director,
organizational structure,
operational plan and
targets.
Virtual college wing of
classrooms established
Three additional programs
available in fully distance
format.
10% increase in student
enrolment in courses
through “Learning at a
Distance”.
Develop an “Introduction to
Applied Research” course for
faculty and students.
Provide 2 staff development
opportunities to promote
innovation literacy.
Expand the faculty expertise
database by 5.
Launch Applied Research
brand.
2% increase in applied
research projects.
75% satisfaction rate –
Industry partners.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
7
Business Plan 2013-2014
Outcome:
Foster Success
Goal
Tactic
1. Provide an inclusive, safe
and supportive
environment for a
community of diverse
learners and employees
Implement a Collegewide plan for Student
Advising which
articulates specific
strategies appropriate
for each program and is
based on best practices
and pilots
2. Enhance graduate
employability through a
focus on Experiential
learning in all programs
Implement College wide
marketing strategy and
employer based
communication strategy
that highlights this
differentiation of
Cambrian College
programs
3. Maximize institutional
research, planning and
evaluation processes to
ensure program quality
standards are
maintained.
Review and revitalize the
implementation of the
faculty performance
appraisal process
Undergo the provincial
quality assurance audit
2013/14 Results
2% increase in the number
of students who report they
were satisfied or very
satisfied with the concern
of people at the College for
their success; Target
measured in KPI survey –
April 2014.
5% increase in students
who self-identify as
Aboriginal.
50% of full time postsecondary programs will
include a component of
Aboriginal culture, world
views and values.
2% increase in student
satisfaction KPI-April 2014.
Graduate employment rate
maintained in top quartile
of provincial KPI’s.
100% of programs include
experiential learning.
All faculty growth plans are
focused on professional
goals that maintain and
enhance program quality
standards.
Attain a very good or
higher rating on Provincial
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
8
Business Plan 2013-2014
including the main
campus and third party
delivery partners
4. Enhance the image of
Cambrian College in the
community and in key
target markets
Implement a metrics
scorecard, supported by
strategic objectives, to
measure impact of
marketing and
communication efforts
quality assurance audit
report.
Plan in place to address
shortfalls from audit report
on main campus and with
third party delivery partners
as necessary.
Scorecard with baseline and
targets established and
reported.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
9
Business Plan 2013-2014
Outcome:
Administrative Action Plans
Goal
Tactic
2013/14 Results
1. Implement effective
financial management
processes aimed at
ensuring Cambrian’s
sustainable, long-term,
financial health
Improve performance of
budget holders
Improve communication
with budget holders
Establish riskmanagement procedures
Examine distributed
amortization approach
to budgeting
95% of budget managers’
delivering Budget variances
within +/-5% of their
approved budget.
75% of budget managers
delivering an accumulated
budget variance over a 3
year period of less than 2%.
2. Improve efficiencies and
profitability of oncampus Ancillary
Businesses
Improve skills of ancillary
business managers
through professional
development and discuss
groups
Develop synergies
through collaboration
and centralized
management of
ancillaries businesses
where feasible
Three year growth target
for College managed
businesses of 10%.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
10
Business Plan 2013-2014
External Factors
The budget process for the 2013-2014 year started in December 2012, with an initial projected
deficit of $2.5 million. This shortfall was an accumulation of decreases in provincial funding and
increases in negotiated labour resources. Further details are as follows:
1. Labour resource pressures
Consistent with prior years and industry benchmarks, salary costs account for approximately 74
percent of the total operating budget. Negotiated increases range from 3.75 to 6 percent,
which include components for cost of living and movements within the band. We continue to
strategically manage our labour resources.
2. Funding
The provincial grant model continues to provide challenges to the budget process. In the 20132014 fiscal year, the grants will be reduced by $1.7 million from the prior year. The final year of
transition funding was realized in 2012-2013, a reduction of $870,000 will result in the current
year. Policy levers will have an impact of $200,000, forecasted to increase to $400,000 in the
2014-2015 budget year. In addition, there are claw backs for international enrolments of
$700,000, which will be offset by an increase in International tuition. Access to growth funding
continues to be out of reach, as it is based on the 2 year slip, 3 year average model. Consistent
with our general purpose operating grant, our previous enrolment declines are still prevalent in
our funding calculations for the current year.
3. Deferred maintenance
Deferred maintenance remains and continues to grow as a major challenge for the College with
ageing buildings and infrastructure. The College receives a nominal amount of $200,000 for
Facilities Renewal grant, which is not sufficient to maintain Cambrian's one million square foot
facility.
4. Demographics
The K-12 demographics will have a significant impact on the future market of student
recruitment. The College will have to be strategic and innovative to overcome the enrolment
challenges in the 21st Century.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
11
Business Plan 2013-2014
Budget Commentary
In light of the external factors noted above, the projected deficit of $2.5 million was reduced to
present a balanced budget to the Audit Committee for 2013-2014. The College did experience
growth in enrolment in 2012-2013, a sign that the College has turned the corner and is
progressing in the recovery plan to achieve long term financial sustainability. We continue to
hold budget holders accountable for their department's financial performance and continue to
use these variances as a source for reductions in the budget where possible. Our strategy for
overcoming the financial challenges ahead includes continued revenue generating
opportunities and innovative methods of increasing enrolments and strategic spending.
Investing in the Future
Our strategy for the future remains student focused, with investment in flexible program
delivery, quality curriculum, and strategic enrolment management ("SEM"). We are planning to
invest $1.8 million in creating twenty virtually capable classrooms in the upcoming year, to be
financed by debt. Our SEM Committee is working towards aligning our enrolment strategies
with the College objectives and strategies, and development of recruitment initiatives and
programs to attract new students. The College is also venturing into partnerships where we
spend significant non-salaried expenditures for an exchange of reciprocal revenue generating
activities.
We will continue to be strategic and innovative to address the future challenges.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
12
Business Plan 2013-2014
2013-2014 Budget
STATEMENT OF OPERATIONS
FOR COLLEGE:
PREPARED BY:
Cambrian College of Applied Arts and
0102
Technology
Helene Desbiens-Helmes
Actuals
2012-13
4
Revenue
78,554,440
75,270,901
47,720,113
42,319,935
45,097,568
39,710,911
42,969,673
39,710,911
GRE
42,429,913
39,640,911
Non-GRE
539,760
41
Grant Revenue
411
Grant Revenue
41110
41120
41130
Budget
2013-14
Grant revenue Operating
70,000
Grant revenue Capital
1,096,532
-
GRE
1,066,474
-
Non-GRE
30,058
-
1,031,363
-
Recognition of Deferred Revenue & Restricted Funds
GRE
259,607
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
13
Business Plan 2013-2014
Non-GRE
412
GRE
Non-GRE
413
Provincial Grants Repayment of Prior Year
414
Amortization of Deferred Capital Contributions
43
771,756
Flow Through Grants
548,400
548,400
225,519
2,848,064
2,609,024
STATEMENT OF FINANCIAL POSITION
GRE
2,153,421
1,914,381
STATEMENT OF FINANCIAL POSITION
Non-GRE
694,643
694,643
STATEMENT OF FINANCIAL POSITION
Tuition Fees
431
Tuition Fee - Regulated
432
Tuition Fee - Unfunded
439
Tuition Fee - Other
16,964,602
18,391,328
12,890,232
14,086,484
3,290,604
3,630,200
783,766
44
Other Student Fees
449
Other Student Fees
45
674,644
1,639,675
1,540,581
1,639,675
1,540,581
3,778,675
5,208,867
Contractual and other fee-for-services
451
Contractual Services
452
Other fee-for-services
3,778,675
46
-
Ancillary Revenue
5,208,867
6,307,518
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
14
Business Plan 2013-2014
6,169,135
461
49
Ancillary Revenue
6,169,135
6,307,518
2,282,240
1,502,672
Other Revenue
491
Reimbursement of Expenses
492
493
494
499
Donations
Gain/Loss on Sale of Assets
Gain/Loss on Sale of Inventory and other Assets
Other Revenue
76,710
2,205,530
49920
GRE
Non-GRE
49940
64,779
187,428
64,779
187,428
-
Interest Income
GRE
Non-GRE
49989
5
51
1,502,672
Investment Income
Realized MTM Gain/Loss
*
*
-
-
*
-
*
*
Expenses
76,949,100
76,634,949
39,629,109
41,058,897
17,832,701
17,960,278
2,493,889
2,631,667
10,685,862
11,881,268
8,169,260
Salaries & Wages
511
Salaries - Full Time & Partial Load Academic
512
Salaries - Part Time & Sessional Academic
513
Salaries - Support Staff
514
Salaries - Administrative Staff
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
15
Business Plan 2013-2014
8,030,560
515
Other Salary Costs - Full Time & Partial Load Academic
516
517
Other Salary Costs - Part Time & Sessional Academic
Other Salary Costs - Support Staff
518
Other Salary Costs - Administrative Staff
550,888
358,824
-
34,921
57,600
288
52
Employee Benefits
521
Benefits - Full Time & Partial Load Academic
522
Benefits - Part Time & Sessional Academic
523
Benefits - Support Staff
524
Benefits - Administrative Staff
525
Pension Plans
526
Postemployment Benefits & Compensated Absences
8,376,467
8,920,000
1,834,701
1,841,075
272,834
1,574,985
835,520
53
531
255,000
1,783,529
824,965
4,147,069
288,642
4,215,431
1,858,852
1,834,823
1,858,852
1,834,823
14,702,689
14,105,205
8,251,583
7,741,166
5,230,456
5,341,929
1,220,650
1,022,110
Transportation & Communication
Transportation & Communication
54
Services
541
Services
542
Utilities & Maintenance
543
Rental Expenditures
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
16
Business Plan 2013-2014
55
551
56
561
57
571
59
591
Supplies & Minor Equipment
3,614,274
3,186,250
3,614,274
3,186,250
Supplies & Minor Equipment
Ancillary Services - Expenditures
169,969
165,900
169,969
165,900
Ancillary Expenditures
Amortization Expense
4,408,726
3,973,072
4,408,726
3,973,072
4,189,014
3,390,802
Amortization Expense
Other Expenditures
Interest & Insurance Expenses
1,487,183
59110
59120
Interest on Capital Leases
Interest on Long Term Debt & Demand Loans
GRE
Non-GRE
59130
599
CAPITAL ASSETS
2,171,439
*
1,155,330
1,735,079
1,155,330
1,735,079
-
Interest Expense on Line of Credit
Other Expenses
*
*
*
1,219,363
2,701,831
SURPLUS/(DEFICIT)
1,605,340
-
1,364,048
Notes
* means that the sum of these accounts would not add up to the total sub category
amount.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
17
Business Plan 2013-2014
STATEMENT OF FINANCIAL POSITION
FOR COLLEGE: (INPUT COLLEGE CODE in Column C)
PREPARED BY: (INPUT NAME OF PERSON in Column C)
1
11
112
Cash in Trust - Endowments
14
141
142
149
14910
Budget
2013-14
106,130,343
103,420,006
15,758,628
14,411,256
15,546,808
211,820
14,199,436
211,820
Cash and Cash Equivalents
Cash and Cash Equivalents
121
Actuals
2012-13
Assets
111
12
Control (Assets - Liabilities 112,000
Net Assets must be 0
Cambrian College of Applied Arts and
0102
Technology
Helene Desbiens-Helmes
0
Accounts Receivable
8,338,081
8,338,081
8,338,081
8,338,081
GRE
2,999,274
2,999,274
Non-GRE
5,338,807
5,338,807
5,892,126
49,850
17,290
5,854,473
49,850
17,290
5,824,986
-
5,787,333
-
Accounts Receivable
Other Current Assets
Assets for Sale
Inventory for Consumption
Other Current Assets
Current Portion of Loans and Advances Receivable
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
18
Business Plan 2013-2014
GRE
Non-GRE
14920
Current portion of Other Long Term Receivables
GRE
Non-GRE
14930
14940
Prepaid Expenses
Investments Greater than 90 Days & Less than 1 Year
14947
Investments Greater than 90 Days & Less than 1 Year - MTM OB
14948
Investments Greater than 90 Days & Less than 1 Year - MTM CY
14990
Other Current Assets
139,893
102,240
139,893
289,791
102,240
289,791
5,356,588
5,356,588
-
15
151
16
CIP
CIP
38,714
38,714
-
-
Tangible Capital Assets
161
162
Land
Site Improvements
163
Building
164
Furniture and Equipment
165
166
169
IT
Aircraft
Other TCA
124,455,486
159,066
125,155,373
159,066
CAPITAL ASSETS
1,243,431
CAPITAL ASSETS
109,520,593
111,570,593
CAPITAL ASSETS
13,261,535
-
12,182,283
-
CAPITAL ASSETS
CAPITAL ASSETS
CAPITAL ASSETS
CAPITAL ASSETS
1,514,292
17
172
CAPITAL ASSETS
Tangible Capital Asset Accumulated Amortization
AA Site Improvements
51,436,959
922,910
- 53,359,918
-
751,047
CAPITAL ASSETS
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
19
Business Plan 2013-2014
173
AA Building
174
AA Furniture and Equipment
175
176
179
AA IT
AA Aircraft
AA Other TCA
18
181
22
CAPITAL ASSETS
CAPITAL ASSETS
CAPITAL ASSETS
CAPITAL ASSETS
6,602,442
-
2,381,482
2,483,722
2,381,482
Investments and Other Long term Assets
Long term Investments
Investments Greater than 1 Year
Investments Greater than 1 Year - MTM OB
Investments Greater than 1 Year - MTM CY
Other Long term Assets
Other Long Term Assets
Other Financial Assets - MTM OB
Other Financial Assets – MTM CY
2,483,722
639,259
639,259
624,944
14,315
-
2,381,482
639,259
639,259
639,259
-
Liabilities
Bank Indebtedness
Bank Indebtedness
-
87,433,072
-
Accounts Payable and Accrued Liabilities
10,744,623
221
-
2,483,722
89,099,360
21
211
CAPITAL ASSETS
Long Term Receivable
Non-GRE
2
- 46,006,429
Long Term Receivable
GRE
19
191
19110
19117
19118
199
19990
19997
19998
43,554,496
6,959,553
-
Accounts Payable and Accrued Liabilities
10,595,417
9,217,733
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
20
Business Plan 2013-2014
9,217,733
GRE
Non-GRE
222
223
22310
Accrued Interest
Current Portion of Long term liabilities
Current Portion of Capital Leases
Demand Loans
Demand Loans - OB
Demand Loans - Newly acquired
Demand Loans - Repayments
23
Deferred Revenue
231
Deferred Revenue
GRE
Non-GRE
232
24
241
39,626
1,487,264
1,338,058
1,388,268
1,234,566
717,421
750,326
670,847
98,996
-
484,240
103,492
-
5,509,082
5,509,082
2,903,427
2,903,427
293,012
293,012
2,610,415
2,610,415
2,605,655
2,605,655
2,401,366
2,401,366
2,401,366
2,401,366
Deferred Tuition Revenue
Restricted Contribution
Restricted Contribution
GRE
Non-GRE
24107
9,217,733
39,626
Current Portion of Long Term Debt
GRE
Non-GRE
22320
224
22401
22402
22403
9,217,733
Restricted Contribution - MTM OB
65,755
2,335,611
-
65,755
2,335,611
-
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
21
Business Plan 2013-2014
*
24108
Restricted Contribution - MTM CY
-
25
251
25102
Deferred Capital Contributions
46,398,560
44,419,536
46,398,560
44,787,832
GRE
38,237,207
38,237,207
Non-GRE
8,161,353
802,020
6,550,625
630,000
394,818
630,000
DCC
DCC - Additions
GRE
Non-GRE
25103
*
DCC - Amortized to Revenue
GRE
Non-GRE
25107
DCC - MTM OB
25108
DCC - MTM CY
252
25202
DCC Unspent - Third Parties
DCC Unspent - Additions
25207
DCC Unspent - MTM OB
25208
DCC Unspent - MTM CY
407,202
2,848,064
2,153,421
694,643
1,694,021
83,293
-
*
-
2,609,024
-
1,914,381
*
-
694,643
*
1,610,728
*
*
-
*
-
26
*
*
*
Capital Lease
2,135,992
2,032,500
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
22
Business Plan 2013-2014
261
26103
Capital Lease
Capital Lease - Payments
27
Debt
271
Debt
27102
103,492
18,851,706
18,851,706
GRE
11,767,726
11,767,726
Non-GRE
7,083,980
-
7,083,980
1,800,000
-
1,800,000
Debt - Acquired
Debt Retired/Paid in the Year
GRE
Non-GRE
8,399,417
7,686,014
707,403
*
*
*
-
1,234,566
-
750,326
*
-
484,240
*
Other Long Term Liabilities
291
292
Obligation for Pension Plan Benefits
Obligation for Postemployment Benefit & Compensated Absences
293
299
Obligation under AFP
Derivatives and Other Long term Liabilities
GRE
Non-GRE
29917
-
19,417,140
Non-GRE
29
2,135,992
18,851,706
GRE
27103
2,230,687
94,695
3,058,031
-
3,058,031
3,058,031
-
3,058,031
-
-
Derivatives MTM - OB
-
-
*
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
23
Business Plan 2013-2014
29918
Derivatives MTM - CY
-
3
31
311
32
321
33
331
36
361
*
Net Assets
17,030,983
15,874,935
3,310,531
3,310,531
3,310,531
3,310,531
1,267,250
1,155,250
1,267,250
1,155,250
7,756,151
6,712,103
7,756,151
6,712,103
Unrestricted Net Assets
Unrestricted Net Assets
Internally Restricted Net Assets
Internally Restricted Net Assets
Investment in Capital Assets
Investment in Capital Assets
Restricted Contributions
Restricted Contributions
GRE
Non-GRE
37
Endowments
371
Endowments
-
-
-
5,629,806
5,629,806
5,629,806
5,629,806
5,629,806
5,629,806
GRE
Non-GRE
37107
Endowments MTM - OB
-
-
*
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
24
Business Plan 2013-2014
37108
Endowments MTM - CY
-
38
381
Accumulated Remeasurement Gain & Losses
Accumulated Remeasurement Gain & Losses
38107
Accumulated Remeasurement Gain & Losses - OB
38108
38109
Unrealised Remeasurement - CY Gains/Losses
Remeasurement Reclassified to Statement of Operation
Assets - Liabilities - Net Assets
932,755
932,755
1,069,077
136,322
0
*
-
932,755
-
932,755
-
932,755
112,000
Notes
* means that the sum of these accounts would not add up to the total sub category
amount.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
25
Business Plan 2013-2014
CAPITAL ASSETS
FOR COLLEGE:
PREPARED BY:
0102
Cambrian College of Applied Arts and Technology
Helene Desbiens-Helmes
Show acquisitions as positive amounts; show amortization and disposals as negative amounts
Actual
2012-13
2013-14
2014-15
Forecast
2015-16
2016-17
2017-18
LAND
16101
16105
16102
16103
16104
Land - OB
1
Land - Transfers from CIP
Land - Additions
Land - Disposals
Land - Valuation and Other Adjustments
159,066
159,066
159,066
159,066
159,066
159,066
TOTAL LAND - CLOSING
159,066
159,066
159,066
159,066
159,066
159,066
16301
16305
Building - OB
1
Building - Transfers from CIP
108,723,662
109,520,593
111,570,593
98,313,449
98,813,449
99,313,449
16302
Building - Additions
796,931
2,050,000
500,000
500,000
500,000
16303
16304
Building - Disposals
Building - Valuation and Other Adjustments
500,000
13,757,144
-
BUILDING
-
-
Closing balance
109,520,593
111,570,593
98,313,449
98,813,449
99,313,449
99,813,449
AA Building - OB
AA Building - Current Year Amortization
40,829,208
-
43,554,496
-
46,006,429
-
34,771,345
-
37,305,905
-
39,852,965
-
Accumulated Amortization:
17301
17302
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
26
Business Plan 2013-2014
2,725,288
17303
17304
AA Building - Disposals
AA Building - Valuation and Other Adjustments
2,451,933
2,522,060
-
2,534,560
2,547,060
2,559,560
13,757,144
Closing balance
43,554,496
46,006,429
34,771,345
37,305,905
39,852,965
42,412,525
BUILDINGS - NET BOOK VALUE
65,966,097
65,564,164
63,542,104
61,507,544
59,460,484
57,400,924
16201
16205
Site Improvement - OB
1
Site Improvement - Transfers from CIP
1,253,757
1,514,292
1,243,431
795,387
795,387
795,387
16202
Site Improvement - Additions
291,424
30,889
SITE IMPROVEMENTS
16203
16204
Site Improvement - Disposals
Site Improvement - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
270,861
448,044
1,514,292
1,243,431
795,387
795,387
795,387
795,387
801,510
121,400
922,910
98,998
751,047
69,824
372,827
69,824
442,651
69,824
512,475
69,824
270,861
448,044
-
Accumulated Amortization:
17201
AA Site Improvement - OB
17202
AA Site Improvement - Current Year Amortization
17203
17204
AA Site Improvement - Disposals
AA Site Improvement - Valuation and Other Adjustments
-
Closing balance
922,910
751,047
372,827
442,651
512,475
582,299
SITE IMPROVEMENT - NET BOOK VALUE
591,382
492,384
422,560
352,736
282,912
213,088
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
27
Business Plan 2013-2014
FURNITURE & EQUIPMENT
16401
16405
Furniture & Equipment - OB
1
Furniture & Equipment - Transfers from CIP
13,608,830
13,261,535
12,182,283
11,977,124
11,391,872
11,237,077
16402
Furniture & Equipment - Additions
16403
16404
Furniture & Equipment - Disposals
Furniture & Equipment - Valuation and Other Adjustments
637,119
984,414
700,000
1,779,252
700,000
905,159
700,000
1,285,252
700,000
854,795
700,000
1,910,193
13,261,535
12,182,283
11,977,124
11,391,872
11,237,077
10,026,884
6,381,929
1,562,038
6,959,553
1,422,141
6,602,442
1,329,036
7,026,319
1,184,739
6,925,806
1,110,057
7,181,068
1,051,741
984,414
1,779,252
905,159
1,285,252
854,795
1,910,193
Closing balance
6,959,553
6,602,442
7,026,319
6,925,806
7,181,068
6,322,616
FURNITURE & EQUIPMENT - NET BOOK VALUE
6,301,982
5,579,841
4,950,805
4,466,066
4,056,009
3,704,268
Closing balance
-
-
Accumulated Amortization:
17401
AA Furniture & Equipment - OB
17402
AA Furniture & Equipment - Current Year Amortization
17403
AA Furniture & Equipment - Disposals
AA Furniture & Equipment - Valuation and Other
Adjustments
17404
INFORMATION TECHNOLOGY
16501
16505
16502
16503
16504
IT - OB
1
IT - Transfers from CIP
IT - Additions
IT - Disposals
IT - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
-
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
28
Business Plan 2013-2014
Accumulated Amortization:
17501
17502
17503
17504
AA IT - OB
AA IT - Current Year Amortization
AA IT - Disposals
AA IT - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
INFORMATION TECHNOLOGY - NET BOOK VALUE
-
-
-
-
-
-
Aircraft - OB
1
Aircraft - Transfers from CIP
Aircraft - Additions
Aircraft - Disposals
Aircraft - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
AA Aircraft - OB
AA Aircraft - Current Year Amortization
AA Aircraft - Disposals
AA Aircraft - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
AIRCRAFT - NET BOOK VALUE
-
-
-
-
-
-
Other TCA - OB
1
Other TCA - Transfers from CIP
Other TCA - Additions
Other TCA - Disposals
Other TCA - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
AIRCRAFT
16601
16605
16602
16603
16604
Accumulated Amortization:
17601
17602
17603
17604
OTHER TCA
16901
16905
16902
16903
16904
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
29
Business Plan 2013-2014
Accumulated Amortization:
17901
17902
17903
17904
CONSTRUCTION IN PROGRESS
15101
15102
15106
15105
15103
15104
AA Other TCA - OB
AA Other TCA - Current Year Amortization
AA Other TCA - Disposals
AA Other TCA - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
OTHER TCA - NET BOOK VALUE
-
-
-
-
-
-
CIP - OB
CIP - Additions
2
Additions - AFP projects
CIP - Capitalized Interest
1
CIP - Transfers to Tangible Capital Asset
CIP - Disposals
CIP - Valuation and Other Adjustments
Closing balance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
NET TANGIBLE CAPITAL
ASSETS
73,018,527
71,795,455
69,074,535
66,485,412
63,958,471
61,477,346
TOTAL ACQUISITIONS (incl.
AFP)
1,725,474
2,750,000
1,200,000
1,200,000
1,200,000
1,200,000
TOTAL AMORTIZATION
4,408,726
3,973,072
3,851,096
3,719,299
3,657,117
3,611,301
1
transfers to/from CIP and asset categories must net to zero
2 future use
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
30
Business Plan 2013-2014
Conclusion
The Business Plan for 2013-14 is the collective result of hard work and dedicated efforts at all
levels of budget responsibility. The process continues to be very challenging in face of limited
alternatives available to solve the gaps between revenues and expenditures.
The enclosed plan is responsible and prudent in light of what the College is trying to achieve in
the short and medium term. Adequate reserves are being established to mitigate medium term
funding challenges incurred by enrolment flat-lining in past years.
The budget, our business plan, and potential opportunities remain top of mind every day as we
undertake our responsibilities of delivering current curriculum in an efficient manner and on a
safe, clean and proud campus.
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
31
Business Plan 2013-2014
Contact Us
Cambrian College of Applied Arts and Technology
1400 Barrydowne Road
Sudbury, Ontario
P3A 3V8
(705) 566-8101
[email protected]
www.cambrianCollege.ca
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
32
APPENDIX A
Cambrian College’s
Strategic Plan
Business Plan 2012-2013
Strategic Plan 2009-2014
Cambrian College will –
Generate Innovative growth…
By developing distinction in communication
and design, health sciences, justice and
public safety, mining, and renewable
resource management;
By building of bridges to advance learning;
By strategic recruitment and retention of
aboriginal and adult learners;
By developing international partnerships for
learning and work.
Shape Opportunity…
By continuously renewing our program
portfolio to address changing learner and
community needs;
By offering flexible delivery that enhances
accessible continuous learning;
By leadership in providing disabilities
services to a broad internal and external
community;
By pursuing applied research that enhances
learning, and economic and community
development.
Foster Success…
By encouraging personal and professional
growth and wellness;
By providing an inclusive, safe, and
supportive environment for a community of
diverse learners;
By preparing graduates to exceed
professional and workplace standards;
By maximizing institutional research,
planning and evaluation processes.
Learning: Learning is central to our work.
Have we identified learners’ needs and values?
Have we created professional development
opportunities that support new teaching/learning
methods?
Have we emphasized learning?
Are we generating modules and single course
options?
Have we removed barriers in our system?
Diversity
Do we welcome and support learners with varying
abilities, ages and world views?
Do we offer a range of choices in what and how
people learn?
Are we inclusive in our practice?
Excellence
Do we provide high quality learning experiences?
Do our graduates get jobs in their chosen fields?
Do we evaluate and improve our processes, services
and learning opportunities?
Do we promote an environment of risk taking?
Do we empower peak performance at every level?
Community
Are we open to new ways of doing and thinking?
Do we communicate openly and clearly?
Do we foster a spirit of community?
Do we promote wellness?
Do we build on our strengths and passions?
Accountability
Do we take a leadership role in promoting social and
economic development in our community?
Are we responsive to the needs of our communities
and business partners?
Are we proud of our performance indicators?
Do we achieve and surpass benchmarks?
These principles guide us:
Mission Statement – We lead with our commitment to diverse learners. We teach and learn through quality education
that responds to the needs of the community. We balance hands-on experience with the knowledge and skills essential for
personal and professional success.
34