PARKS FOUNDATION, CALGARY 2016 ANNUAL REPORT Contents
1 About Us & Our Mission 2 Letter from the Chair & Executive Director 4 Board of Governors & PFC Committees 5 Staff 6 Rotary/Mattamy Greenway 12 Bench Dedication Program 13 Conceptual Drawing Grant 14 Project Gift Administration 16 Building Communities Program 17 Amateur Sport Grant Program 18 The John Currie Amateur Sport Legacy Fund 19 Art Smith Amateur Sport Legacy Fund 20 Jack Leslie Youth Environment Award 21 Donors 28 Donations 29 Letter from the Finance Committee 30 2016 Financials
Parks Foundation Calgary 2016 Annual Report Parks Foundation Calgary 2016 Annual Report Our Mission
We make Calgary a great city for its residents and guests by enhancing healthy lifestyle enjoyment through providing easily accessible, unique, recreational, sport and green spaces in our community.
About Us
Parks Foundation Calgary (PFC) is a non-profit organization dedicated to improving the lives of all Calgarians. Since its establishment in 1985, as an agent for The City of Calgary, PFC has been supporting our communities by assisting individuals, organizations and groups that wish to create the City’s public spaces.
We bring together all levels of government, corporate partners, individual donors and charitable organizations to ensure that new parks and public spaces are developed and amateur sport is encouraged.
In its three-decade history it has envisioned, funded and made happen more than $200 million worth of legacy projects - this includes the largest project in its three-decade history, the Rotary-Mattamy Greenway. When complete, the Greenway will link to more than 1,000km of existing pathways, making it the longest urban pathway and park system in the world. The Greenway is open to every citizen, but directly links 55 different neighbourhoods and more than 400,000 residents.
PFC also led development of Shaw Millennium Park, North America’s largest free outdoor skatepark located in downtown Calgary and Calgary Rotary Challenger Park, a barrier-free meeting and recreational facility accessible to all people regardless of age or ability.
Parks Foundation Calgary has also built more than 130 new playgrounds in every sector of the city, focusing on neighbourhoods that don’t have the finances to build them and has disbursed more than $12 million for amateur sport through a two-decade-old partnership with the Calgary Flames and Saddledome Foundation.
Parks Foundation Calgary 2016 Annual Report 1 From the Chair & Executive Director
We are pleased to report that 2016 was another very successful year at Parks Foundation Calgary. Our initiatives continued to enhance the lifestyles of thousands of resident Calgarians and visitors to our great city by providing easily accessible recreational, sport and green spaces in our various communities.
As was previously announced, our CEO Myrna Dubé- friends by sponsoring benches located in Calgary’s Thompson retired at the end of 2016. Myrna’s hard parks and pathways through the Parks Foundation’s work and inspiration over the past nine years have Bench Dedication Program. In all, 88 benches were resulted in many accomplishments. We sincerely sponsored, making 2016 one of our top years for thank Myrna for her past contributions and the program. successes while at the Parks Foundation, and wish During 2016, the 138 kilometre Rotary/Mattamy her well in her retirement. Greenway continued its eight year journey towards At the beginning of 2017, we were excited to completion. Pathway and amenity construction announce the arrival of Parks Foundation’s new progressed in several areas, most recently with the Executive Director, Sheila Taylor. Sheila has a passion for the city of Calgary and promoting a healthy lifestyle. This passion has already begun to “Our continued success benefit both the Parks Foundation and those who interact with our organization. is a direct result of Parks Foundation Calgary also saw a change at the relationships with board table. After providing exceptional leadership and guidance at PFC over the past five years as communities, individuals, Board Chair, John (JR) Houghton stepped down in March 2017 and turned over the reins to Don Baird. organizations and all levels Don is an experienced Parks Foundation Board of Governors member and a past member of the Parks of government” Foundation Finance Committee who is passionate about what the foundation has to offer the city Tourmaline Fitness Park in Point McKay opening at of Calgary. the end of 2016. The largest project in the Parks With the assistance of the Building Communities Foundation’s history, the Rotary/Mattamy Greenway Program, 19 playgrounds were constructed in 2016, was made possible by our partners, notably title bringing the joy of play to children throughout sponsors Rotary Clubs of Calgary and Mattamy Calgary. In the eight years since its inception, Homes. Calgary area home developers were also this program has contributed to 130 successful key donors, providing in-kind building support community projects. The Parks Foundation’s for a significant portion of this project. Only ten Amateur Sport Grant Program was again popular kilometres of the Rotary/Mattamy Greenway remain with 19 grants being approved. Many Calgarians to be finished, with the final $2 million in required chose to leave a legacy for their families and funding subject to outstanding funding applications.
Parks Foundation Calgary 2 2016 Annual Report On September 2nd, 2017 Parks Foundation is hosting and enthusiastic event champions who have all an event celebrating the Rotary/Mattamy Greenway generously given their time, Parks Foundation and Canada’s 150th birthday. We hope you can join offers its sincere thanks. We also want to recognize us in celebrating this iconic Calgary project. and thank the staff at Parks Foundation for their dedication and hard work, without which all the We will soon break ground on the David Richardson exceptional things we do at Parks Foundation Memorial Disc Golf Park, located in the community would not be possible. Together we have, and will of Royal Vista. This eighteen tee tournament level continue to, achieve great things for the city course will be one of the best in Western Canada. of Calgary. Parks Foundation is also currently fundraising for the Manmeet Singh Bhullar Park located in Taradale, With over thirty years of service to Calgarians, Parks a manicured park connected to the Rotary/Mattamy Foundation is proud to play a role in making our city Greenway in Northeast Calgary. one of the best places in the world to live and visit. We hope to see you in 2017 taking part in one of our Our continued success is a direct result of events or celebrating another key milestone. relationships with communities, individuals, organizations and all levels of government. Parks Sincerely, Foundation wishes to thank the City of Calgary, the Government of Alberta, the Government of Don Baird, Chair of the Board of Governors Canada, our Fundraising Chairman Jim Davidson, our Sheila Taylor, Executive Director Patrons Council, and the many other organizations, corporations and individuals who supported us during the year.
To our volunteers, Board of Governors, Finance Committee, Amateur Sport Grant Committee, Advisory Council, playground construction teams
Parks Foundation Calgary 2016 Annual Report 3 Board of Governors
Back Row (left to right): Emma May, Anne Charlton, Kim Koss Front Row (left to right): Kristin Yarish, Jim Davidson, Don Baird, Frederick Nicholson, Mark Terrill, Ian Playfair
2016 Dave Ardell Sherry Austin Don Baird Anne Charlton Jim Davidson Committees Mary Federau Gregory Forrest Finance Committee: Frederick Nicholson, Chair John Houghton Ian Playfair (Past Chair), Don Baird, Mark W. Fletcher, Kim Koss Robert Harper, David Inhaber, Brian M. MacInnis, Keith MacLeod M. Blake Walker, John Zeller Gerry McHugh Bob Nasser Saddledome Amateur Sport Committee: Dave Ardell, Chair Frederick Nicholson Ryan Boyd, Perry Cavanagh, Greg Dycke, Greg Forrest, Ian Playfair Tanya Kahanoff, Julie McSweeny, Sue Scott Patricia Steele Advisory Council Mark Terrill Gordon Brown, Walter Chayka, Terry Hawitt, Jean Hendry, Kristin Yarish Al Schreiner, Bill Selby
Joined in 2017 Patrons Council: Jim Davidson, Chair Emma May Scott Bratt, Vincent Chahley, Paul Colborne, John Dielwart, Dr. Chen Fong, John Langille, Ron Poelzer, Ruth Ramsden-Wood, Scott Saxberg
Parks Foundation Calgary 4 2016 Annual Report Staff
From left to right: Karla Gervais, Dolores Sakauye, Alyshia Auston, Sheila Taylor, Sheila Ferguson, Sara Stepa, Stephen Duncan
Alyshia Auston, Communications & Amateur Sport Grant Manager Myrna Dubé-Thompson, Parks Foundation Calgary CEO (Retired in 2016) D. Stephen Duncan, Controller Sheila Ferguson, Executive Assistant & Bench Program Manager Karla Gervais, Greenway Project Manager Dolores Sakauye, Accounting Manager Sara Stepa, Grant Program Manager Sheila Taylor, Executive Director
HISTORIC HAULTAIN
Parks Foundation Calgary is located in the Beltline community of Calgary, Alberta in a historic school building constructed in 1907.
Originally located next to the larger Haultain School (closed in 1962), this ten-room addition was built to accommodate the growing number of students living in the area.
Parks Foundation Calgary 2016 Annual Report 5 Rotary/Mattamy Greenway Parks Foundation Calgary is fast approaching the completion of the 138km pathway loop of the Rotary/Mattamy Greenway.
The 2016 season has generated another successful year of construction that has completed many missing connections of the pathway system. This year has advanced the project much further, not only to link pathways that will encircle the city, but we have also developed some extraordinary new amenities.
Pathway Connections Phase 1: The long awaited pathway connection has been paved at the railway crossing beside the communities of Applewood and Abbeydale. The completion of the pedestrian railway crossing, kindly donated by CN Rail, has allowed for PFC to construct the missing one kilometre section of pathway. This important section connects 17th Avenue SE to the extensive pathways previously completed to the north. A small section of pathway adjacent to the railway will be finished in 2017.
Phase 2: With the solidification of funding for the pathway connection known as Phase 2d, PFC has completed paving a section of pathway around the Community of Copperfield in the south east. In 2017, two boardwalks will be constructed over the wetlands which will then connect the boardwalks to the north with the abundance of pathways to the south in the communities of Auburn Bay and Mahogany.
Phase 3: By the end of 2016, two areas of signage were installed on pathways in the communities of Lakeview/ Glamorgan in the southwest and Tuscany in the northwest. Also in Phase 3, the design and development of the final 6.7km section of the Greenway has been completed. This section will connect the community of Evanston with pathways heading east to Deerfoot Trail; it will be the last large connection that will require funding from PFC to fully connect the 138km loop. Numerous proposals for funding were submitted in 2016 in order for PFC to solidify funds to begin construction in spring 2017.
Parks Foundation Calgary 6 2016 Annual Report New Amenities along the Rotary/Mattamy Greenway
David Richardson Memorial Disc Golf Park The design and development for this full 18 hole course will be near complete at the end of 2016. With a positive response from fundraising throughout the year and with numerous grant applications submitted, the project is materializing to be viable for construction in 2017.
Manmeet Singh Bhullar Park In 2016, a new concept for a park dedicated to the memory of Manmeet Singh Bhullar was developed with the intention to install this unique park in the northeast community of Taradale. The park design includes five 15 foot tall steel archways that represent Bhullar’s strength and integrity as well as five distinct groves of trees that are meant to symbolize diversity. The park’s construction in 2017 will be dependent on approved funding.
Tourmaline Outdoor Fitness Park Installed in the Point McKay area, this fitness park has now been completed and was open to the public by the end of 2016. As this amenity is located on exceptionally well used pathways, it is sure to be one of the most utilized outdoor fitness facilities in the city.
Progress Energy Memorial Garden The continued efforts by both PFC and Progress Energy in 2016 have made this garden an increasingly valued amenity on the Greenway. Progress Energy volunteers planted an additional 1000 poppies in the garden and the company funded the installation of six beautiful graphic panels that add significant symbolism and special meaning to the unique memorial site.
The upcoming construction season will see continued efforts by all members of the Rotary/Mattamy Greenway team to realize our construction goals for 2017.
Parks Foundation Calgary 2016 Annual Report 7 Rotary/Mattamy Greenway Parks Foundation Calgary • the rotary Clubs oF Calgary and area • MattaMy hoMes
Rotary/MattamyRotary/Mattamy Greenway Greenway Map
Rotary/Mattamy Greenway
Parks Foundation Calgary the rotary Clubs oF Calgary and area • MattaMy hoMes
The Rotary/Mattamy Greenway is a 138 km network of parks and pathways that connects 55 communities around the City of Calgary. Along the pathway users will find unique amenities such as specialty off-leash dog areas, family fitness parks, educational wetland interpretive areas, and unique play structures.
Communities on the Greenway northwest northeast southwest southeast • Arbour Lake • Abbeydale • Canyon Meadows • Auburn Bay • Bowness • Applewood Park • Cedarbrae • Copperfield • Citadel • Cityscape • Christie Park • Cranston • Evanston • Coral Springs • Discovery Ridge • Deer Run • Kincora • Monterey Park • Evergreen • Lake Bonavista Funded and Completed • Montgomery • Redstone • Glamorgan • Mahogany by Year End 2015 • Nolan Hill • Saddle Ridge • Glenbrook • McKenzie Lake Funded and Completed • Panorama Hills • Skyview Ranch • Glendale • Midnapore pathway by the City of Calgary by Yearpathway End 2015 by the City of Calgary • Point Mckay • Stonegate Landing • Lakeview • Parkland pathway by the City of Calgary • Royal Oak • Taradale • Oakridge • Seton pathwayspathways not not completed completed • Sage Hill • Patterson • Sundance pathways not completed • Scenic Acres • Shawnee Slopes pathwayspathways constructed constructed by bydevelopers developers • Sherwood • Signal Hill pathways constructed by developers existingexisting pathways pathways • Silver Springs • Strathcona existing pathways • Tuscany • Westgate • Wildwood • Woodbine Recommended Access Points Access Points • Woodlands Fitness Park Nature Park Fitness Park Nature Park
Dog Park Playground This will be the largest pathway system in the world Dog Park Playground
- Naheed Nenshi, City of Calgary Mayor Wetland Memorial At the opening of urban parks and pathways in Mahogany Wetland Memorial
David Richard- Manmeet son Memorial Singh Bhullar Disc Golf Rotary/MattamyPark Park Greenway For an interactive map, visit the City of Calgary Pathways & Bikeways app: Calgary.ca For an interactiveCompletion map, Date: visit 2017 the City of Calgary For more information on the Rotary/Mattamy Greenway, please visit: ParksFdn.com Pathways90% & BikewaysProjected app:Completion Calgary.ca by Year End 2015
For more information visit: ParksFdn.com Parks Foundation Calgary 8 2016 Annual Report Quick Facts About the Greenway
• 138km pathway encircling the city of Calgary
• Connects 55 communities together and over 400,000 Calgarians
• Joins the current 1,000km of existing City of Calgary pathways
• Open 365 days/year
• FREE to use
• Over 15 specialized parks including: • educational wetland interpretive areas • outdoor fitness parks • off-leash dog parks • boardwalks • playgrounds • memorial parks
Parks Foundation Calgary 2016 Annual Report 9 Rotary/Mattamy Greenway Partners
Our title sponsors are the Rotary Clubs of Calgary and area and Mattamy Homes, Canada’s largest homebuilder. Other generous supporters include:
Jim Davidson
Star Valley Don & Hazel Dave & Penny Wilson Murray Allan Markin Oil & Gas Skinner Family Foundation Edwards
Parks Foundation Calgary 10 2016 Annual Report Jane’s Walk in the Copperfield Wetlands, SE
Each year, cities around the world participate in Jane’s Walks. Named after urbanist Jane Jacobs, the walks bring citizens together to learn about undiscovered areas within their own city. They can be led by anyone who wants to share their knowledge and highlight a special part of their neighbourhood with other residents. The Jane’s Walks in Calgary are organized through the Calgary Foundation each year.
Parks Foundation Calgary led a Jane’s Walk in 2016 which focused on some of the spectacular park projects on the Rotary/Mattamy Greenway, in particular the wetland boardwalks and bird blinds located near Copperfield in the southeast. This walk highlighted these unique amenities that are available to citizens in their own backyard as well as promoted education on the importance of wetlands in urban areas. The tour underscored the need for conservation of these wetland areas that are vital to ecosystems, wildlife and the surrounding neighbourhoods.
Parks Foundation Calgary 2016 Annual Report 11 Bench Dedication Program
The Bench Dedication Program provides Calgarians with a unique way to celebrate a special occasion, birthday or provide a memorial to a loved one. Despite the downturn in the economy the bench program has exceeded the sales in 2015.
In 2016 Parks Foundation Calgary has dedicated 88 benches throughout the City of Calgary parks and pathways systems.
All of the five benches along the Rotary/ Mattamy Greenway in the Weaselhead have been dedicated. The donors were very happy to have secured such a beautiful spot to memorialize their loved ones.
This year we streamlined the maintenance of the benches awarding a contract to one company that maintains the benches city-wide. This has proven to be very successful as well as cost-effective.
Our program continues to restore old cedar benches with the red meranti wood slats, which stand up better to the elements and require less maintenance than the cedar.
We are excited to have ten new benches available in Princes Island Park to dedicate. This is a very desirable location and five of these have sold within the first few months of them being available. Five new locations have also been assigned in Bowness Park for dedication benches.
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buffer !"#$%!& !"#(%# 0)/09)21'6%,9 .$*%,6%,P'>9,.9 The Conceptual6& Drawing Grant awards./,.)929'&%(9+*6P up to $5,000 6& )"#$%&'%"&( to provide seed money to community park projects that G! K !G; preliminary sketch openrequire space theprogramming design work diagram from a Landscape Architect. /09,'&0*.9'0)/-)*;;%,-'(%*-)*; &.*69 !I@GG (*29 ?.2/89)'@G!H &'(!)*#'+!,*-(',The conceptual drawing allows the community to express their unique project vision helping them 0)/L9.2',5;89) GJ!K"! @M!G'K'*:9,59',+7'.*6-*)17'*689)2* gain community and funding support. The program supports projects that will significantly benefit and !4!@'!M*'&2)992'&+ 0''MGB"@MM"4!44 enhance Calgary’s park spaces. In 2016, Parks Foundation Calgary awarded 11 Conceptual Drawing .*6-*)17'*8'''2@2'B+H 9''%,>/N4!4&25(%/".* grants to the following projects: • Banff Trail Community Outdoor Hub and Rink Renovation • Dr. J.K. Mulloy Eduscape Project • Glengarry Park Revitalization • Grand Trunk Park Revitalization • McHugh Bluff Outdoor Fitness Park • Mount Royal Gateway Conceptual Site Upgrades | Grand Trunk Park | 2017 • Renfrew Community Garden Project 2 • Schoolyard at École Holy Name • Sikh Society of Calgary Grounds Revitalization • Springbank Hill Land Redevelopment • Variety Park Accessibility Enhancement Project
Parks Foundation Calgary 2016 Annual Report 13 Project Gift Administration Program
Parks Foundation Calgary’s Project Gift Administration (PGA) Program supported a total of 32 community-driven projects in 2016, 13 more projects than 2015.
To date, over 60 projects have been supported through the PGA Program. The list below outlines the successful projects in 2016:
• Calgary Foothills Soccer Centre • Coral Springs Playground • David Richardson Memorial Disc Golf Park • Dr. J.K. Mulloy Eduscape Project • Ecole Holy Name Outdoor Project • Ecole Terre des Jeunes Preschool play structure • Eric Harvie School Playground • Erin Woods School Playground • Glengarry Park Revitalization • Harvest Hills Playground (Harvest Glen Way) • Hawkwood Community Park Redevelopment (Community Garden) • Heritage Christian Academy Playground • Inglewood Community Hall Playground Redevelopment • Kenneth D. Taylor Playground • Lindsay Park-Long Term Athlete Development • McHugh Bluff Outdoor Fitness Park • Mount Apex Green Playground • Mountain Park Playground • Midnapore School • Mills Park • North Glenmore Park Playground • Scimitar Westchester Playground • Sirocco Park Playground • Somerset Bridlewood Community Garden • South Glenmore Park • Springbank Community Park • Valley Ridge (2) Playgrounds • Valley Ridge Outdoor Fitness Park • Variety Park • Water for Riley Park • West Hillhurst (2) Playgrounds • William Reid School Grounds
Parks Foundation Calgary 14 2016 Annual Report Manchester Playground for children & adults
By having a playground it provides crucial and vital opportunities “ for the children. The child can interact with their peers “ and environment. The Playground is a big help in our community to develop our neighborhood. - Manchester Resident
Parks Foundation Calgary 2016 Annual Report 15 Building Communities Program
In 2016, the Building Communities (BC) Program was successful in helping complete 19 projects around the city.
These projects varied in size and included an outdoor classroom, a fitness park, and the completion of the PFC-driven Forest Lawn Natural Park. These projects are valued at approximately $2.1 million.
We continued to support groups throughout the lifecycle of their projects to ensure their goals were achieved. Our support was provided in a variety of ways including project management support, funding, free accounting services, and coordinating volunteer partnerships.
We also expanded our partnership with the City of Calgary to increase community engagement on lifecycle playgrounds that require replacement. We worked on eight different lifecycle playground initiatives this season.
Parks Foundation Calgary would like to thank all of the government, corporate and community partners that contributed to the success of the program this year. Our 2016 projects that were completed with the help of Project Gift Administration and/or Building Communities Program include: • Coral Springs Playground • Kingsland - Loomis Park Redevelopment • Dover Playground Replacement • McKenzie Lake Playground • École Terre des Jeunes Pre-School • Manchester Playground for Children & Adults Playground Extension • Secret Park Playground • Forest Heights Playground Redevelopment • Sirocco Playground • Forest Lawn Natural Park – Phase 2 • Valley Ridge Fitness Park • Grand Trunk Playground • Valley Ridge Playgrounds (2) • Hawkwood Community Playgrounds & • University Elementary School - Outdoor Community Spaces (3) Classroom • Inglewood Playground
Grand Trunk Playground
Parks Foundation Calgary 16 2016 Annual Report Amateur Sport Grant Program
The partnership that began in 1987 between Parks Foundation Calgary, the Calgary Flames and the Saddledome Foundation has continued to thrive, awarding a total of more than $12 million in grants to amateur sport organizations in Calgary.
The following 19 grants totaling $505,762 were awarded in 2016:
• Antyx Community Arts • Foothills Nordic Ski Club • Calgary Canoe Club • Henry Wisewood High School • Calgary Gymnastics Centre • Lake Bonavista Community Association • Calgary PowerHockey League • Palliser Bayview Pumphill Community Association • Calgary Ski Club • Riders On Board Snowboarding Ltd. • Calgary Society of Community Opportunities • The Calgary Archers Club • Calgary Speed Skating Association • The Provident Foundation • CKE Community Association • Trico Centre for Family Wellness • Crowchild Twin Arena Association • Ultimate Wheelchair Sports Foundation • Fairview Women’s Hockey Arena Society
Antyx Community Arts: Forest Lawn Sport Court
Calgary PowerHockey League Calgary Gymnastics Centre
Parks Foundation Calgary 2016 Annual Report 17 The John Currie Amateur Sport Legacy Fund
The John Currie Amateur Sport Legacy Fund, supporting the goals and dreams of amateur athletes, awards bursaries
annually to athletes with financial need, training in Calgary. In 1983, Calgary hosted its largest amateur sport Repsol Bursary Recipient: competition, the Western Canada Summer Games, Kyra Christmas: Water Polo, Calgary Renegades Water at Repsol Sport Centre, the flagship facility of the Polo Club/Water Polo Canada Games. At the conclusion of the successful event, Lindsay Park Sports Society Bursary Recipient: the Games established a Legacy Fund of $250,000 Ingrid Wilm: Swimming, Cascade Swim Club with the Centre to support amateur athletes and Justin Boyd: Water Polo, Water Polo Canada amateur sport. Jennifer Brown: Para-Athletics, CALTAF Inspired by this commitment to amateur sport, Thomas Ciprick: Diving, Dive Calgary Repsol Sport Centre raised funds from generous Margo Erlam: Diving, Dive Calgary donors to increase the value of the Legacy Fund to Aretehya Haberman: Rhythmic Gymnastics, Chinook $1 million, and named the fund in honour of John Rhythmique Gymnastics Club Currie, community champion and President of the Paige Hopper: Synchronized Swimming, Calgary 1983 Western Canada Summer Games. Aquabelles Synchronized Swimming Club The Legacy Fund plays a vital role in supporting Jared McElroy: Water Polo, Water Polo Canada talented, high performance athletes in their Caeli McKay: Diving, Dive Calgary competitive journey, and every bursary award has Russell Pennock: Triathlon, 3433 Sport Performance an incredible impact on our athletes, creating new Centre opportunities for sport excellence. “So many of Halle Pratt: Synchronized Swimming, Calgary our sponsors, suppliers, Lindsay Park Sports Society Aquabelles Synchronized Swimming Club Governors and Alumni, fans and friends of Repsol Taryn Pratt: Swimming, Cascade Swim Club Sport Centre have been incredibly supportive of our Robin Randall: Water Polo, Water Polo Canada Legacy Fund,” said Jeff Booke, CEO, Repsol Sport Emily Wagner: Triathlon, Cascade Swim Club/Kronos Centre. “It is their commitment and passion for Triathlon Club amateur sport and amateur athletes that has helped elevate the Legacy Fund to a new fundraising record.”
Parks Foundation Calgary 18 2016 Annual Report Art Smith Amateur Sport Legacy Fund
Since 2000, Parks Foundation Calgary and the Calgary Booster Club have partnered to award bursaries to amateur athletes through the Art Smith Amateur Sport Legacy Fund.
Art Smith was a great Calgarian and supporter of amateur athletes in the city and this fund continues his legacy. The Art Smith Amateur Sport Legacy Fund awarded bursaries to 23 athletes to support their athletic pursuits:
Cynthia Appiah: Bobsleigh Mark Armstrong: Trampoline Gymnastics Megan Bankes: Biathlon Martin Corbett: Speed Skating Haley Daniels: White Water Slalom Canoeing Christine De Bruin: Bobsleigh Alison Desmarais: Short Track Speed Skating Kara Douville: Para Road Cycling William Dutton: Long Track Speed Skating Jane Girgulis: Sprint Kayaking Ronen Gros: Water Polo Keil Hillis: Short Track Speed Skating Jaclyn LaBerge: Skeleton Jesse Loutit: Rowing Dylan Marineau: Freestyle Skiing Slopestyle Evan Marineau: Freestyle Skiing Halfpipe Marika Nadal: Short Track Speed Skating Maddison Pearman: Long Track Speed Skating Ellen Pennock: Triathlon Halle Pratt: Synchronized Swimming Alysia Rissling: Bobsleigh Victoria Spence: Long Track Speed Skating Carla Shibley: Para-cycling
Parks Foundation Calgary 2016 Annual Report 19 Jack Leslie Youth Environment Award
Small Hands Can Make a Big Difference A composting project at St. Joseph School; $1000 After students at St.Joseph school were introduced to the Energy Diet Challenge from Canadian Geographic, they decided to help reduce the amount of waste that is heading into our landfills. They believe that composting is a great way to reduce their school’s environmental footprint and calculated that approximately 2500 paper towels, which are being used and wasted each day, can instead be composted.
Their mission as environmental stewards is to start this project and share knowledge with others. The students look forward to educating and inspiring other youth to make a difference.
Iitta’saamskop Naturalization Garden Project John G. Diefenbaker High School; $1000 John G. Diefenbaker High School has been naturalizing their green spaces for the past five years by designing and planting garden spaces around the school. These outdoor spaces are maintained by the “Green Chiefs”, a student-run environmental club.
Since their school was built on Treaty 7 land, students wanted to recognize this relationship by consulting with members of the First Nations communities in the planning of their new garden spaces. They have met with Blackfoot and Cree consultants on how to best promote learning around environmental issues pertaining to land sustainability and ways to increase recognition of the role of the First Nations people in developing Southern Alberta.
Working in conjunction with First Nations advisors from the CBE and Elder Randy Bottle of the Blackfoot nation, they are designing a space which will authentically incorporate local First Nations elements within the garden. The group was honoured to receive a Blackfoot name for their garden project, “iittaa’saamskop” meaning Place of Medicine.
Parks Foundation Calgary 20 2016 Annual Report Donors
Parks Foundation, Calgary (PFC) would Cheung, Peter Kemp, Holly sincerely like to thank all donors Chiasson, Gerard Kennedy, Lindsay Chopra, Kuldip King, Wendy who have supported the projects and Clem Geo-Energy Corp. Kingsland Community Association programs that took place in 2016. Cochrane, Guy Kitt, Brad Coe, Marjorie Knechtel, Barbara While every attempt has been made to Cohen, James Koppe, Bart ensure the accuracy of this information, Connolly, David Christopher Koppe, Derek we sincerely apologize for any errors Connolly, David E. Koppe, Jennifer or omissions. Connolly, Michael T. Lahey, Daniel Consul, Harish Lahey, Linette Cooper, Joyce Lahey, Monique Alberta Biathlon Club Cowie, Sharon Lahey, Rene and Janet Gift Funds Canada CUPE 709 Lahey, Simone Art Smith Legacy Fund Daly, David Lalonde, Dustin Calgary Booster Club Deer Park United Church Larsen, Maxine and Gregg Freeze, Estate of Robert Devlin, Nicholas Larson, Victoria and Mark Dickson, J. Michael Lazenby, Scott Battalion Park Project Dovor Community Association Lee, Chelsea Beltrame, Kieren and Corrie Duarte, Juvenal Lee, Dennis Pinsent, Carolyn Duhault, John Lee, Jay Dumont, Joan Leitch, Andrea Belfast School Outdoor Beautification Dwarkin, Judith Leung, Warren and Naturalization Project Edwards Green, Linda Lindberg, Roy Belfast School Edwards, Rene Little League Alberta District 3 Eynon, Joyce Foundation Bench Dedication Program Finnerty, Joanne MacKimmie, Chris Anderson, Darrell Flegel, Erwin Maclachlan, Judy Anderson, Linda Fleury, Kathy Macleod, Cheryl Andrew, R. W. Flowerday, Dani Mahon, Catherine and Bruce Andrews, Mary Anne Fookes, Heather Manwarren, Linda Armstrong, John C. Forest Heights Community Association Mcclelland, Nancy Attard, Joane Forest Lawn Community Association McFarlane, Graham Bauerco Investments Inc. Foster, Joanne McKechnie, Jacquie Baxter, Hugh Gabert, Janice McKenzie, Sharon Beaudoin, Patricia Gallagher, Mary McKinnon, Laura Becker, Carol Geiger, Jim McNab, Cheryl Beeger, Jocelyn Gelech, Holly McNeill, Jean Bennett, Mark Ghazar, Nancy Mcvicar, Marguerite Bjolverud, Stewart Glenn, James Meehan, Catherine Blair, Shaun Goddard, Adeline Mickelson, Lila Blanchard, Nancy Goldberg, Aviva Millard, Laura Boland, Brenda Gourlie, Elizabeth Millard, Matt Bregazzi, Margaret and Simon Graham, Bill Miller, Margaret Brooks, Maxine Gross, Nora Mills, Nancy Brown, Dean Guha-Thakurta, Lisa Mohindra, Cukee Brown, Joyce Hadley, Mark Montgomery, Heather Brull, Richard Helps, Sue Moore, Irene Buchoski, Janice Henry, Tim Municipal Chapter of Calgary IODE Bull, Patricia Hill, Isabelle Murray, Keri Caldwell, Barbara Holmberg, Margaret Nelson, Lois Caldwell, Catherine Hopfner, Alec Nettleton, Sharon Caldwell, Marjorie Jane Hudon, Louise Noble, J. Oliver Campa, Karin Hyde, Robert Oakey, Jeff Cappie, Susan Jamniczky, Laszlo Olsen, Marjorie Chapman, Rob Kelly, David Ong, Sharon Chayka, Walter M.
Parks Foundation Calgary 2016 Annual Report 21 Patryluk, Bryce Worsfold, Padi Hyder, Cameron Patryluk, Heather Wouts, Peggy Lafontaine, Pierre Patryluk, Troy Wren, Easton Martinson, Adam Poneire, Richard Yedynak, Lida McFarlane, Robert Poulton, Valerie and Lindsay Young, Don McLeod, Candice Pound, Colleen Zimmerman, Robert Newmarkplus Inc. Prowse, Barbara Zimmerman, Sandra Newson, Patricia Prowse, David and Janet Zukowski, Dale Shaul, Mark and Karen Prowse, Jo-Ann Snow, L. Prowse, John Bike to Work Fund Sutton, Ken Quade, Carol Mattamy (NorthPoint) Limited Tyson, Carli Rentz, Paul South Calgary Periodontal Group Rix, Estate of Eleanor Stantec Consulting Ltd. Calgary Gymnastics Centre Rose, Michelle Building Fund Sansom, Brenda Bowness Memorial Monument Alibhai, Kimberly Anderson, Beverly and Lonnie Scenic Acres Community Association Barrett, Jennifer Harron, Charlene Schaeffer, Linda Battista, Jennifer Heller, Rosemarie Scott, John Bechard, Ryan Jensen, Brian Sellmer, Yvonne Beckett, Alan and Kara Lang, Kassandra Shackreton, Sean Behl, Sasha MacPhail, Kathryn and Keith Shapiro, Saundra Bell, Maureen and Edwin, Arnold McIntyre, Vida Sim, Valerie Bentz, Tyson and Julie Muir, Sylvia Singh, Kiren Bergerson, Joule Osborne, Guy Snyder, Stephen Bilton, Haley Perdue, Howard Spronk, John Bodtker, Stewart Rutorford, Nahncaai Stapleton, Melanie Boucher, Paul Shartan, Valerie Starchuk, Erin Boyle Collins, Suzanne Starkoski, Alan Brassart, Gilles Building Communities Grant Fund Brouillet, Anick Steinley, Randy Calgary Foundation, The Button, Bonnie Stirling, Ramona City of Calgary Sunridge Little League Cairns, Marianne Surerus, Lynda Calgary Community Bridge League Carlson, Michelle Tajcnar, Shirley Graham, Helen Cato, Laurie Taylor, Barry Cheng, Cherene Taylor, Sandy Calgary Foothills Soccer Centre Clark, John Tiefenthaler, Erika Edwards, Jeffrey Cloghesy, Betty Tittemore, Joan Hutchison, Erin Coe, Geoffrey Neil Tseknekos, Stephen Livingstone, Jolene Coombs, Wendy Turner, Donald Mitchell, Laurene Copiak, Ken and Donna Vaillancourt, Suzanne Monck, Tanya Crawford, Alexis Verlaan, Leo Monk, Joel Dalgetty, Tracey and Barrie Vicenzino, Michelle Peterson, Jeff Davie, Dwayne Vicenzino, Nicole Symonds, Brandi and Josh De Silva, Rohan Wall, Bob Szabo, Gregory Degroot, Bonnie Jean Wallace, Cathy D’Hondt, Colleen and Trevor Walls, Lorraine Calgary Foundation for Diamond, Kimberley J. and Neil, Murray Walls, Richard Swimming Excellence Duncan, Penny and Brian Watson, Susan Ballem, Jarrod Elias, Terrance Watson, Douglas Ballem, Josh Eremenko, Rick Weber, Terry Bell, Mandy Fernandes, Gerard Weger, Darlene Benson, Talia Fleming, Karyn Werenka, Trudy Berg, Roy Fonteyne, Marc Wertzler, Lee Brodylo Morrow Photography Freeman, Wendy and Colin Westland, Jerry Celtic Power Canada Ltd Frischbutter, Bryan and Kristen Whalen, Dorothy Chetner, Stephen Fritz, Paul Wiest, Reid McLean Cormack, Jeff Gerein, Curtis Williams, Trevor Cormack, Richard Gocal, Michael and Nancy Wilson, Graham Dawes, Garnet Goldthorpe, Leanne Wood, David Dr. Siobhan Murphy Professional Gorsline, Sheree Worden, Derek Corporation Graham, Janice Worsfold, Landon Graboski, Peter Grolla, Brock and Jamie Graboski, Rosalie Hall, Christine
Parks Foundation Calgary 22 2016 Annual Report Harder, Brian Ross, Alex Clayholt, Louise Hartman, Michael Ross, Bonnie Cosman, Frank Heighington, Dawn Ruttan, Corey and Jayne Daigle, Robin Herget, Sheri Ryane, Alixe and Leah, Jaret Dunn, Carmen and Mike Hoyem, Kitty Sabbagh, Maha English, Barb Hunt, Christopher Saito, Yuko Gingrich, Jennifer Ibach, Sheldon and Patricia Sawatzky, Cheryl Gliener, Lisa Ito, Linda and Tokunosuke Schweitz, Roland Godenir, JoAnn Jacques, Nicola Shepherd, Emily Hakomaki, Allison Jewan, Robert and Deborah Skipper, Michael Hancock, Janet Johnson, Gregory Soloski, Dale and Sherry Anne Harmon, Damon Johnson, Phelan Stanier, Sarita and Darryl Hill, Barrie Johnson, Ryan Skyler Stein, Dean Holmes, Brett Johnston, Brent and Amy Stepien, Kathy Hyndman, Matthew Kalynchuk, Cathy Sutton, Jeff and Stacey Jenson, Camille Keller, Kurt and Arlana Sweet, Blythe Josefchak, JoAnn Kern, Mitch and Melissa Taher, Dina and Saad, Ziad Kennelly, Wendy King, Danny and Gina Tansowny, Shanda Kuehner, Melissa Bechard Kingwell, Tanya Templeton, Erin Loucks, Thomas and Dorothy Kuprash, Erika Thompson, Krista Luijkx, Hedy and Gerard Kwan, Sienna Timmons, Shannon and Sean Lundgen, Nadine Kwon, Sung Topham, Catherine and Darren Maclachlan, Judy Lam, Elaine and Lo, Ian Ky Ulmer, Martha Makinson, Michael Lambe, Shelly Vander Meulen, Michael and Gutsell, Sheri Matthews, Colleen and Bob Lawrence, Natasha Veresen Reach Maxwell, Gordon Levy, Patricia Vergie, Kelly McGregor, Linda Lister, Stephen and Heather Vrablik, Leah Messer, Dawn and Tony Lonnen, Jermony Waddock, James Miller, Bill and Betty Malaschuk, Megan Wetteskind, Tricia Milne, Jordan Marshall, Sandra Whelan Kotkas, Samantha Milne, Pamela McCaig, Alan and Kathryn Wildeman, Sarina Moore, Heather McDonald, Sandra and Ryan Wishlow, Claudette Murray, Kerrie McLellan, Byron and Lori Wong, Ray Olafson, Timothy McLeod, Donna Woolgar, N. Brock Paterson, Shannon Melnicenco, Chira Yoshimura, Richard Robitaille, Gerry Meyer, Sheri and Corey Schultz, William Michalski, Mark Calgary Outdoor Swimming Skov, Carolyn Michaud, Esther Pools Association Smith, Stephanie Mitla, Tetyana and Vasyl Aqueduct Foundation Thom, Richard and Alexander, Anita Mohorea, Georgina Thompson, Neil Mook, Nicole and Jon Canada 150 Event Trimble, Gary and Doreen Canadian Heritage Moran, Chantel Wallace, Tamara Government of Alberta - Culture and Mountain, Annette Wynne, Graham Community Services Mullin Innes, Carrie Novotny, Martin Connaught Park Development Capitol Hill School Outdoor Project Thomson, John Oh, Grant Calgary Foundation, The Owen, John and Jennifer Capitol Hill Elementary Enhancement Pachet, Jennifer Coral Springs Playground Society City of Calgary Parker, Carrie Franke, Stefan Pasko, Ryan and Tenneal Government of Alberta David Richardson Memorial Disc Payne, Simon Golf Park Pedersen, Kurt CKE Community Centre 1444849 AB Ltd Phaneuf, Roxanne Arsenault, Brandis AJB Investments Probe, Jacqueline and Jason Atlantas Inc Bruce W. Etherington Agencies Inc. R. Chun Professional Corporation Bagley, Howard Burns, Jim Radke, Kevin and Julie Beingessner, Bruce Dubé-Thompson, Myrna Randall, Carrie Birchcliff Energy Ltd. Green Drop Resta, Theresa and Stephen Brady, Sean and Debra Jacobson, Larry and Diane Richardson, Alison and James Broeke, Elizabeth Jones Brown Inc. Romano, Alberto and Maria-Teresa Capper, Norman Pelton, Harry Romero, Ivonne Chappell, Nicola Provident Foundation, The
Parks Foundation Calgary 2016 Annual Report 23 Richardson, Glen Clary, Bobbi Willett, Les Richardson, Treasure Crescent Point Energy Yi Wan To, Yvonne Richardson, W. Draper, Mark and Karen Erin Woods Parent Association Rome, Christine and Kevin Enns, Marion Rumpel, Glen Eric Harvey School Enhancement Society Forest Heights Playground Sail On Inc Flowers, Amy (Forego Ave) Sturko, Lori and Jerry Gerard Consulting Forest Heights Community Association Thompson, Jack Groeller, Les and Brenda Harvey, Kevin Forest Lawn Natural Playground ANTYX Community Arts Society Discovery Ridge Leisure Facilities - Hockley, Mair ATB Cares Phase II Hockley, Robert and Angela Calgary Foundation, The Carroll, John Houston, Kia Canadian Online Giving Foundation Dunscombe, Stanley and Reva Hua, Kian Rheaume Engineering Inc. Joslin, Kim Hughes, Mathew Roessel, Alan Hunt, Ian Saddledome Ameteur Sport Grant Doverglen Playground Jois, Rekha City of Calgary Program Kaleidoscope Kids Preshcool Inc Dover Community Association TD Friends of the Environment Koch, Jordan Foundation Dr. J. K. Mulloy School Komljenovic, Victor Eduscape Project Koob, Mark and Tanya Gerry Shaw Park Dr. J. Kulloy Elementary Program Korajac, Emir Calgary Foundation, The Enhancement Society Kravets, Lilia McFarlane-Stanford, Jeanette Lambert, Justin and Kealy Dr. Roberta Bondar Lindsay Auld Professional Corporation Harvest Hills Playground-Harvest School Playground Lukcik, Tara Glen Way Dr. Roberta Bondar School Macwhirter, Jenna Northern Hills Community Association Development Association Maik, Evelyn and Greg McLean, Lindsay Hawkwood Community Garden Ecole Holy Name Outdoor Mclean, William and Judy Hawkwood Community Association Enrichment Project Miller, Sheldon and Myja Hawkwood Playgrounds (4) Ecole Holy Name Education Society Minshull, Janet Calgary Foundation, The Moreau, Jean-Yves Hawkwood Community Association Ecole Terre des Jeunes Morrison, David and Nicola Play Structure Mueller, Maren Calgary Foundation, The Haysboro Community Park Muise, Sara Haysboro Community Association Societe de la Pre-Maternelle Capucine, La Naidoo, Prav and Reina Societe Ecole Terre des Jeunes-Casino Acct Nuytten, Paul and Rachelle Heritage Christian Soiete Ecole Terre des Jeunes Oriold, Nicholas and Kristina Academy Playground Parton, Jonathan Heritage Christian Education Society Elliston Park Pitts, Kerri and Daniel Calgary Eagle Lake Nurseries Ltd. Precision Plumbing Miklos, Ken Radder, Jennifer Inglewood Cummunity Playground City of Calgary Eric Harvey School Playground Raugust, Cindy 1648341 Alberta Ltd. Raugust, Lloyd Raugust, Nathan Jason Lapierre Memorial (Greenway) ARC Resources Ltd. Calgary Crankmasters Cycling Club Athabasca Oil Corporation Reddeman, Cecily and Jeremy Bain, Alisa and David Rodger, Paul Roth, Roy John Currie Endowment Fund Bartsch, Luella Dixon, James Bassyouni, Hanan Sierras of Tuscany Song, Yorgmt Kuchinka, Janet and Ronald Billeck, Travis and Michelle Poweroffice Software Systems Inc. Biondo, Patricia Speller, Wayne and Maura Sterner, Trevor and Meghan RBC Foundation Blais, Margaret Squibb, Brad Blais, Stephen Stewart, Diana Tremblay, Gino Boden, Katherine Killarney Playground Redevelopment Tuscany Dental Centre Budd, James Davies, Barb Van Der Zande, Linda Buryak, Olga Johnston, Carolyn Van Tetering, Sandy Chamberlain, Gloria Virani, Nazim Whiteley, Ken Chamberlain, Pam Virani, Riyaz Charlesglen Toyota Whiteley, Richard Charlton, John Wiens, Lillian Kingsland - Loomis Park Cheung, Kin Yip Wilkie, Sarah Kingsland Community Association
Parks Foundation Calgary 24 2016 Annual Report Lindsay Park- LTAD Jozsa, Laurie Dawson, Robert and Kristin RBC Learn to Play Project Khodaverdian, Amaneh Dick, Shannon Klatzel, Helen DiGregorio, Viero and Heather Manchester Playground and Lewis, Patti Dochstader, Joseph Fitness Park MacKay, Adam Dougan, Robert City of Calgary McIver, Ric Draper, Rebecca Deer Park United Church McKenzie Lake Community Association Dyck, Dianne and Jim I.A.T.S.E. Local 212 Min, Sun Hee Encana Corporation Kanas Shelter Corp Peter, Erika Exner, Kara Silverhill Acura Severyn, Susan Fawkes, Steve Stoley, Ronald Fitzpatrick, Sheila Mario Stella Estate Symonds, Bruce Fu, Chi Chung Martin Stella, Estate of Mario J. Thwaites, Deborah Fukada, Kasey Valovich, Darcy Fulop, Micheline Midnapore School Plaground Vasili’s Inc German, Jeff Hayes, David Wayne, David Gobert, Margaret Midnapore School Fundraising Society Greenfield, Gavin and Kendra Nexen Energy ULC North Glenmore Park Playground Hansen, Jacki and Wade Rip, Casey Scott, Mark and Tamara Hathaway, Suzanne Mills Park Heim, Josef Operating Fund Helping Hands City of Calgary ATCO Ltd. Henderson, Stewart Calgary Foundation, The Hillhurst Land Corporation Ltd. Mount Apex Green Playground Canadian Online Giving Foundation Abida, Ridwane Hopwood, Tera Chayka, Walter M. Arsenault, Tricia Hwang, David Enmax Legacy Fund Attrell, Sarah Jantz, Ebba Larson, Lorne Brookfield Residential Johnson, Carlana and Merle Mawer Investment Management Ltd. Brown, Barbara Kear, Suzanne Twelve Mile Coulee School Parent Carabelea, Castilia Kozak, Gordon Association City of Calgary La Vienna Italian Restaurant Ltd. Deibert, Tanis Parkdale Garden and Langan, Brian and Shirley Delamont, Erin Gathering Space Langhan, Trevor Dilyon, Galina Calgary Foundation, The Larson, Jo and Glen Doikas, Stacey Tree Canada Link, Emily and Todd Duff, Susan Trubuilt Forms and Foundations Lofgren, Jennifer and Per Ghidirim, Tatiana Lohmann, Tara Glendon, David Queen Elizabeth Elementary Lopushinsky, Grace Hayden, Charlene School Playground Macbeath, Olga Health Watch Medical Clinic Nese, Per and Doreen Hurdman, Janell Aitken, Ross Newsome, Chris Invancigh, Brian Alexander, Brent Nexen Energy ULC Kursietis, Arny Alexander, Hugh Norris Family Foundation Leopatra, Jane Andrews, Leanna Ogryzlo, Tim and Carla Marchmount Cleaning Services Asplund, Lori O’Shea, Joanne Maxgreen Windows and Doors Ltd. Asplund, Peter Pentland, Anne McCoy, Gladys Baird, Kerry Progress Energy Canada Ltd. Murray, Brad Baser, Anton and Colette Queen Elizabeth Elementry Program Porter, Madelyne Bateyko, Darwin Enhancement Society - CASINO Raycraft, Patrick Bell, James Queen Elizabeth PTA Roemer, Melissa and Steven Bicanic, Marija Rae, Eric Royal Lepage Benchmark Booth, Holly Rodriguez, Mary Schwob, Aurelia Brown, Edward Rotary Club of Calgary Sparrow, Sheena Buckingham, Sally Scott, James Stewart, Heather Burnett, Joleen Semmens, Joel Sukacz, Allison Cenovus Energy Inc. Shay, Karen Van Doorn, Neil Craddock, Patrick Shell Canada Ltd. Christie, Darren Sherriff, Martin Mountain Park Playground Dabisza, Colin Shewchuk, Ryan Connolly, Renee Dairy Lane Cafe Sloper, Kirsty Duff, C. Paul Dasilva, Jennifer Smith, Jen Ellard, Denis and Lorraine Davis, Melinda Sutter, Mark
Parks Foundation Calgary 2016 Annual Report 25 Switzer, Neil Silver Springs Outdoor Water for Riley Toohey, Peter and Phyl Pool Renovation Butzner, Decker Truman Development Corporation ATCO Ltd. Calgary Foundation, The Vandaele, Charles Place2Give Foundation Velasco, Rhumeil and Nadine Silverado Community Association Watson, Nicole Skating Rink West Dalhousie School Playground West Hillhurst Community Association Agent 99 Holdings Revitalization Westmount Playground Revitalization Silverado Community Association Tire Recycling Alberta Society West Dalhousie Parents Association Wierzba, Brandi Sirroco Park City of Calgary West Hillhurst Playgrounds Wong, Chris Signal Hill Community Association WHL488/489 Wood, Carmen Andreachuk, Ross Somerset Community Garden Ramsay Community Rink Project Angus, Donald Somerset-Bridlewood Community Ramsay Community Association Asplund, Peter Association United Way Donor Choice Program Bennion, Laura Brown, Emily Springbank Hill Park Rotary/Mattamy Greenway Burdick, Todd City of Calgary Brookfield Residential Chiasson, Cameron Enbridge Inc. St. Boniface Elementary City of Calgary Fitzmartyn, Joanne School Playground Fiset, Cory FLC Seniors Cycling Club Bolger, Erin Kensington Honeybee Child Care Ltd Jackson, Mike Campbell, Alice Lowe, Kenneth Keyera Corp. Guenette, Rheal McAleese, Todd Pembina Pipeline Corporation Ling, Doug McBeth, Erica Progress Energy Canada Ltd. Nemeth , Alexander Morgan, Jay Rotary Club of Calgary St. Boniface School Council Penman, Ashley Rotary Club of Calgary - Centennial St. Boniface School Educational Peterson, Jeff and Zalasky, Zena Rotary Club of Calgary - Chinook Society Pidde, Paul Rotary Club of Calgary - Crowchild Vocke, Delsifie Stapleton, Melanie Rotary Club of Calgary - East Truman Homes 1995 Inc Rotary Club of Calgary - Fish Creek Stanley Park Baseball Diamond Unsworth, Richard Rotary Club of Calgary - Heritage UPlaygroundrade Von Englebrechten, Heidi Rotary Club of Calgary - Millennium Rose, Mike Walker, Robert Rotary Club of Calgary - North Watt, Denise Rotary Club of Calgary - Olympic Talisman Centre West Hillhurst Community Association Rotary Club of Calgary - South Talisman Centre (Operated by Lindsay Westermann, Lorraine Rotary Club of Calgary - South Park Sports Society) White, Brenda Rotary Club of Calgary - West Zhao, Yang Rotary Club of Cochrane UES Kindergarten Play Area TransCanada Pipelines Ltd. Auger, Patty Westmount Charter School Urban Spirits Carter, Barbara Westmount Charter School Crooks, William Saddle Ridge School Playground Kawamura, Nao Wildwood Community Garden Brown, Mercedes Slemko, Derek and Kristi TD Friends of the Environment Kair, Ramandeep University Elementary School Foundation Saddle Ridge School Society Association University Heights Community William Reid School Grounds Saddledome Amateur Sport Fund Association Andersen, Ryan Saddledome Foundation Westmount Charter School Anderson, Joseph Anderson, Laura Schubert Hill Playground Valley Ridge Outdoor Fitness Park Arvantis, George Little Horn Enterprises Ltd. Valley Ridge Community Association Barr, Laurie Barr, Mary Scimitar Westchester Playground Valley Ridge Playgrounds Bateman, Katie Ewasiuk, David City of Calgary Batty, Karleen Kaczmer, Jane Valley Ridge Community Association Bearinger, Doug Lawrence, Rita Benno, Masanori Mullen, Brian Variety Park-Accessibility Birchall, Gail Richards, Grant Enhancement Boland, Lynn Calgary Foundation, The Booker, Jen Carlson, Kevin
Parks Foundation Calgary 26 2016 Annual Report Chao, Paul Newman, Carolyn Cherry, Sarah Ngo, Edwin Choe, Ellis Oczkowski, Kent Chokshi, Apoorve O’Reilly, Adrienne Clarke, John Paauw, Peter Day, Ryan Papp, Audra De Kruyff, Shannyn Pfeiffer, Zoe Deacon-Rosamond, Kevin Poole, Christopher Degoeij, Robert Proctor, Kim Demberel, Yesun Erdene Prodanovic, Mila Donald and Eleanor Seaman Family Prodanovic, Radoslav and Jessia Foundation Protzner, Andrea and Cortese, Filomeno Dorland, Chris and Kristen Quinn, David Dorland, Ronald Rallison, Matt Eaton, Norman and Nicole Randhawa, Manmeet Eggermont, Michiel Roberts, Adam and Laura Erickson, Mike and Lesley Robinson, Lauri Freeborn, Alison Ross, Alasdair Godfrey, Tayen Ruzicki, Gregory Guerra, David and Nkemdirim, Makela Ryan, Sherry Gunn, Charles Satre, Michael and Grace Halliday, Kathy Schmidt, Axel Hamilton, Joan Scott, Susan Hecker, Tracy Sellmer, Rory Hill, Jayne Shaw, Tara Hill, Maureen Simon, Jessica and Clark, Gregory Hill, R. Paris Skeans, Paul Hoff, Colleen Soles, Barbara and Berko, Nathan Hoover, Gordan and Nancy Srtachan, Cheryl Hoover, Ryan Stavrinou, Marios Horne, Julie and Steel, Piers Stepanic, Daryl and Cindy Horsky, Stefan T. Bowen and A. Roberts Professional Corp Horton, Brian and Marta Thompson, Nivez and Robert Horton, Greg Thorburn, Raymond HRJ Consulting Ltd. Tranquilla, Graydon and Victoria Jennifer Smith Professional Corp Trathen, Bonnie Johnson, Monica Trites, Lisa Johnson, Ray Vuhadinovic, Milan Kennedy, Laura Wadey, Vern Kilner, Benjamin Wakley, Elizabeth Kovac, Hannes Weeks, Sarah Langill, Lois and Sheaff, John William Reid School Fundraising Society Langille, John Williamson, Marnie Lapointe, Jenna Yawching, Crystal Larke, Stephen and Jennifer Yeoman, Fiona Lefebvre, Joel Yeoman, Tom and Zelda Libin, Bruce Youck, Daryl Lozynsky, Kristen Yu, Vern Lunt, Susan Zakresky, Robert and Wood, Caura MacFarlane, Trevor Zhang, Bing Mathezer, Pauline Zhang, Shishu Matthews, Dr. T. Wayne McKay, Gretchen McKenzie, David McKenzie, Richard Mix, Howard and Tracy Moholithy, Anthony Moholitny, Hilda Morrison, Ian Murray, Geoff Nayak, Anil and Hay, Andrea
Parks Foundation Calgary 2016 Annual Report 27 Donations to Major Projects & Programs
Composition of Funds at December 31, 2016
Operating Fiscal Stability Administration Reserve Fund 4% 2% Project Capital Fund 26%
Endowment Fund 45% Granting Program Fund 8% Operating Project 4% Maintenance Fund 11%
Donations to Calgary Parks, Playgrounds, Amateur Sports, & River Valleys
Graphs
14,000
12,000
11,529
10,000 9,702 8,838 8,966 8,000 8,389 8,059 Thousands 7,127 6,000 6,418
5,235 4,000
3,442 2,000 2,568
0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Calendar Year
Composition of Funds at December 31, 2016 Page 1
Parks Foundation Calgary 28 2016 Annual Report From the Finance Committee
We are pleased to report that the fiscal year ended December 31, 2016, was another successful year for Parks Foundation Calgary. As at year end, PFC had $29.6 million in consolidated endowment, project and program funds. The total fund balances increased by $1.6 million compared to fiscal year 2015. This increase is the result of contributions to the Rotary/Mattamy Greenway project and to other PFC led programs.
PFC’s 2016 financial statements demonstrate the continued financial well-being of the organization. This financial viability is a result of the ongoing commitment of the Board of Governors, the Finance Committee and management and staff to deliver a service that benefits all Calgarians while maintaining fiscal stability.
For 2017, the overall state of the Alberta economy suggests that not-for- profit organizations, such as PFC, will need to continue operating inan atmosphere of constraint. However, PFC will continue delivery of the valuable programs which have become our trademark through effective stewardship of the resources available to us.
Best wishes for the upcoming year,
Frederick B. Nicholson B. Comm (Hons), MBA, CPA-CGA Treasurer and Chair, Finance Committee
Parks Foundation Calgary 2016 Annual Report 29 2016 Financials
Parks Foundation Calgary 30 2016 Annual Report The Parks Foundation, Calgary Statement of Financial Position As at December 31, 2016
Managed Funds Operating Fund Total Total December 31, December 31, December 31, December 31, December 31, December 31, The Parks Foundation, Calgary2016 2015 2016 2015 2016 2015 (as restated (as restated (as restated Statement of Financial Position Note 16) Note 16) Note 16) As at December 31, 2016 $ $ $ $ $ $ Assets Current assets Cash and cash equivalents (Note 4) 5,911,092 Managed Funds 5,253,592 851,994 Operating Fund 823,771 6,763,086 Total 6,077,363Total Accounts receivable December 83,434 31, December 58,797 31, December 82,634 31, December 56,658 31, December 166,068 31, December 115,455 31, Grants receivable 2016 - 2015 - 2016 50,000 2015 50,000 2016 50,000 2015 50,000 Prepaid expenses - (as restated - 9,214 (as restated 7,552 9,214 (as restated 7,552 Due to (from) funds (Note 6) (145,443) Note (64,320) 16) 145,443 Note 64,320 16) - Note 16) - 5,849,083 $ 5,248,069$ 1,139,285 $ 1,002,301 $ 6,988,368 $ 6,250,370$ Assets CurrentInvestments assets (Note 4) 22,041,090 21,165,056 564,789 555,171 22,605,879 21,720,227 Cash and cash equivalents (Note 4) 5,911,092 5,253,592 851,994 823,771 6,763,086 6,077,363 AccountsCapital assets receivable (Note 7) 83,434 - 58,797 - 119,382 82,634 111,477 56,658 166,068119,382 115,455 111,477 Grants receivable 27,890,173 - 26,413,125 - 1,823,456 50,000 1,668,949 50,000 29,713,629 50,000 28,082,074 50,000 PrepaidLiabilities expenses - - 9,214 7,552 9,214 7,552 DueCurrent to (from) liabilities funds (Note 6) (145,443) (64,320) 145,443 64,320 - - Accounts payable and accrued liabilities 5,849,083 (452) 5,248,069 - 1,139,285 67,188 1,002,301 65,796 6,988,368 66,736 6,250,370 65,796
InvestmentsFund balances (Note (Note 4) 3 and 9) 22,041,090 21,165,056 564,789 555,171 22,605,879 21,720,227 Unrestricted - - 964,392 829,716 964,392 829,716 CapitalInternally assets restricted (Note 7) 5,523,010 - 5,120,632 - 119,382 672,494 111,477 661,960 6,195,504 119,382 5,782,592 111,477 Internally restricted - invested in capital assets 27,890,173 - 26,413,125 - 1,823,456 119,382 1,668,949 111,477 29,713,629 119,382 28,082,074 111,477 LiabilitiesExternally restricted 22,367,615 21,292,493 - - 22,367,615 21,292,493 Current liabilities 27,890,625 26,413,125 1,756,268 1,603,153 29,646,893 28,016,278 Accounts payable and accrued liabilities (452) - - - 67,188 65,796 66,736 65,796 27,890,173 26,413,125 1,823,456 1,668,949 29,713,629 28,082,074 Fund balances (Note 3 and 9) UnrestrictedNature of organization (Note 1) - - 964,392 829,716 964,392 829,716 InternallyComposition restricted of managed funds (Note 3) 5,523,010 5,120,632 672,494 661,960 6,195,504 5,782,592 InternallyMulti-year restricted sponsorship - invested commitments in capital (Note assets 5) - - 119,382 111,477 119,382 111,477 ExternallyCommitments restricted (Note 14) 22,367,615 21,292,493 - - 22,367,615 21,292,493 27,890,625 26,413,125 1,756,268 1,603,153 29,646,893 28,016,278 - - 27,890,173 26,413,125 1,823,456 1,668,949 29,713,629 28,082,074
Nature of organization (Note 1) Composition of managed funds (Note 3) Multi-year sponsorship commitments (Note 5) Commitments (Note 14)
Signed on behalf of the Board of Governors
Don Baird Frederick B. Nicholson Don Baird, Chairman Frederick B. Nicholson, Treasurer
The accompanying notes are an integral part of these financial statements Signed on behalf of the Board of Governors 3
Don Baird Frederick B. Nicholson Don Baird, Chairman Frederick B. Nicholson, Treasurer
The accompanying notes are an integral part of these financial statements
Parks Foundation Calgary 3 2016 Annual Report 31 The Parks Foundation, Calgary
Statement of Income, Expenses and Changes in Fund Balances For the year ending December 31, 2016
Managed Funds Operating Fund Total Fund 2016 2015 2016 2015 2016 2015 The Parks Foundation, Calgary (as restated (as restated (as restated Note 16) Note 16) Note 16) $ $ $ $ $ $ IncomeStatement of Income, Expenses and Changes in Fund Balances ContributionsFor the year (Note ending11) December 31, 8,173,1612016 7,847,393 215,790 212,024 8,388,951 8,059,417 Investment income - realized 996,258 1,397,881 73,686 77,099 1,069,944 1,474,980 Investment (loss) income - unrealized (360,440) 67,612 (34,087) 4,675 (394,527) 72,287 Other income - - 103,185 91,731 103,185 91,731 8,808,979 9,312,886 358,574 385,529 9,167,553 9,698,415 Expenses Project costs (Note 12) 5,577,482Managed Funds 5,002,169 Operating 139 Fund 2,176 5,577,621Total Fund 5,004,345 Saddledome grants 1,048,0952016 2015561,546 2016 - 2015 - 2016 1,048,095 2015 561,546 Administration - (as restated - 887,591 (as restated 852,681 887,591 (as restated 852,681 Amortization - Note 16) - 23,631 Note 19,817 16) 23,631 Note 19,817 16) 6,625,577$ 5,563,715$ 911,361 $ 874,674$ 7,536,938$ 6,438,389$ Income ContributionsExcess of income (Note over 11) expenses 8,173,1612,183,402 7,847,3933,749,171 (552,787)215,790 (489,145) 212,024 8,388,951 1,630,615 8,059,417 3,260,026 InvestmentFund transfers income and -allocations realized (Note 15) 996,258 1,397,881 73,686 77,099 1,069,944 1,474,980 InvestmentAdministration (loss) (Note income 13) - unrealized (360,440)(308,766) (288,147) 67,612 308,766 (34,087) 288,147 4,675 (394,527) - 72,287 - OtherManagement income (237,682) - (243,453) - 103,185 237,682 243,453 91,731 103,185 - 91,731 - Transfers 8,808,979 (159,454) 9,312,886 (75,000) 358,574 159,454 385,529 75,000 9,167,553 - 9,698,415 - Expenses (705,902) (606,600) 705,902 606,600 - - Project costs (Note 12) 5,577,482 5,002,169 139 2,176 5,577,621 5,004,345 SaddledomeExcess of income grants after transfers 1,048,0951,477,500 3,142,571 561,546 153,115 - 117,455 - 1,048,095 1,630,615 3,260,026 561,546 Administration - - 887,591 852,681 887,591 852,681 AmortizationFund balance, beginning of year 26,413,125 - 23,270,554 - 1,603,153 23,631 1,485,698 19,817 28,016,278 23,631 24,756,252 19,817 Fund balance, end of year (Note 3 and 9) 27,890,625 6,625,577 26,413,125 5,563,715 1,756,268 911,361 1,603,153 874,674 29,646,893 7,536,938 28,016,278 6,438,389
Excess of income over expenses 2,183,402 3,749,171 (552,787) (489,145) 1,630,615 3,260,026 Fund transfers and allocations (Note 15) Administration (Note 13) (308,766) (288,147) 308,766 288,147 - - Management (237,682) (243,453) 237,682 243,453 - - Transfers (159,454) (75,000) 159,454 75,000 - - (705,902) (606,600) 705,902 606,600 - -
Excess of income after transfers 1,477,500 3,142,571 153,115 117,455 1,630,615 3,260,026
Fund balance, beginning of year 26,413,125 23,270,554 1,603,153 1,485,698 28,016,278 24,756,252 Fund balance, end of year (Note 3 and 9) 27,890,625 26,413,125 1,756,268 1,603,153 29,646,893 28,016,278
The accompanying notes are an integral part of these financial statements.
4
The accompanying notes are an integral part of these financial statements.
Parks Foundation Calgary 4 32 2016 Annual Report The Parks Foundation, Calgary Statement of Cash Flows For the year ending December 31, 2016
2016 2015 (as restated Note 16) $ $ Excess of income over expenses Operating activities Excess of income over expenses after transfers Project Fund 613,591 1,454,191 Maintenance Fund 263,414 1,096,951 The ParksEndowment Foundation, Fund Calgary 600,495 591,429 Operating Fund 153,115 117,455 Statement of Cash Flows 1,630,615 3,260,026 ItemsFor thenot affecting year ending cash December 31, 2016 Amortization 23,631 19,817 Investment income - unrealized 394,527 (72,287) Net change in non-cash working capital items affecting operations (Increase) decrease in accounts receivable (50,613)2016 81,288 2015 Increase in prepaid expenses (1,662) (as restated (7,552) Decrease (increase) in accounts payable 940 Note (3,969) 16) Net cash from operating activities 1,997,438 $ 3,277,323$ InvestingExcess of activities income over expenses PurchaseOperating of investmentsactivities (1,280,179) (4,181,864) PurchaseExcess of of income capital over assets expenses after transfers (31,536) (2,800) Net cash usedProject in investing Fund (1,311,715) 613,591 (4,184,664) 1,454,191 Maintenance Fund 263,414 1,096,951 Increase in cashEndowment and cash equivalents Fund 685,723 600,495 (907,341) 591,429 Cash and cash Operatingequivalents, Fund beginning of year 6,077,363 153,115 6,984,704 117,455 Cash and cash equivalents, end of year 6,763,086 1,630,615 6,077,363 3,260,026 Items not affecting cash Amortization 23,631 19,817 Investment income - unrealized 394,527 (72,287) Net change in non-cash working capital items affecting operations (Increase) decrease in accounts receivable (50,613) 81,288 Increase in prepaid expenses (1,662) (7,552) Decrease (increase) in accounts payable 940 (3,969) Net cash from operating activities 1,997,438 3,277,323 Investing activities Purchase of investments (1,280,179) (4,181,864) Purchase of capital assets (31,536) (2,800) Net cash used in investing (1,311,715) (4,184,664)
Increase in cash and cash equivalents 685,723 (907,341) Cash and cash equivalents, beginning of year 6,077,363 6,984,704 Cash and cash equivalents, end of year 6,763,086 6,077,363
The accompanying notes are an integral part of these financial statements.
5
The accompanying notes are an integral part of these financial statements. Parks Foundation Calgary 2016 Annual Report 5 33 The Parks Foundation, Calgary Notes to Financial Statements For the year ending December 31, 2016
1 Nature of Organization
The Parks Foundation, Calgary (the “Foundation”) was incorporated as a company on February 12, 1985 under the Companies Act of Alberta. In 1995, the Articles of Association were updated to extend the responsibility of the Foundation to include the Amateur Sport Fund and the Calgary River Valleys Committee. As of December 31, 2009, the contract with the River Valleys Committee expired and the Articles of Association have yet to be updated. The objectives of the Foundation are:
to promote and encourage the co-operative effort of government, private and community sector involvement toward the enhancement of the quality of parks, recreation and open space in the City of Calgary; and
to solicit funds, assets, property and rights and to administer receipt of same for the benefit of the City of Calgary as agent for and on behalf of the City of Calgary.
All financial transactions and balances disclosed in these financial statements have been entered into and are being held by the Foundation as agent for the City of Calgary (“City”). The Foundation operates under a Memorandum of Agreement with the City, expiring December 31, 2017, with an option to renew for two years. The Foundation leases the land and building from which it operates from the City at an annual lease in the amount of $1,200 which expires on July 17, 2017, with an option to renew for another two terms each five years in length, subject to an increase pegged on the Consumer Price Index. No member of the Foundation is entitled to any distribution from the Foundation by virtue of membership in the Foundation. During the year, the Foundation received an operating grant from the City’s Enmax Legacy Fund for $200,000 (2015 - $200,000) to support its operations. The Enmax Legacy Fund annual grant of $200,000 is committed for three years commencing in fiscal 2015. The Foundation is a not-for-profit organization as defined under paragraph 149(1)(l) of the Income Tax Act, and therefore, is not subject to income tax. The Foundation is classified as a municipal corporation and as such is entitled to 100% GST rebate.
Basis of accounting
The financial statements of the Foundation have been prepared by management in accordance with Canadian accounting standards for not-for-profit organizations (“ASNPO”).
Use of estimates
The preparation of financial statements in conformity with ASNPO requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The more significant estimates in these financial statements relate to management’s estimates of the collectability of accounts receivables, pledges receivables and the estimated useful lives of capital assets. Actual results could differ from those estimates. The financial statements have, in management’s opinion, been properly prepared using careful judgment with reasonable limits of materiality and within the framework of the significant accounting policies summarized below:
Parks Foundation Calgary 6 2016 Annual Report 34 The Parks Foundation, Calgary Notes to Financial Statements For the year ending December 31, 2016
Fund accounting
he Foundation follows the restricted fund method of accounting for contributions.
he Operating Fund reports the assets, liabilities, income and expenses related to the Foundation s administrative activities.
he Project Fund reports the assets, liabilities, income and expenses related to the Foundation s projects and the maintenance of certain endowment projects. Contributions to this Fund are externally restricted. nvestment income is reported in the Project Fund as there are internal restrictions that this income must be used for the Foundation s projects.
he aintenance Fund reports the assets, liabilities, income and expenses related to specific Foundation projects. nter fund transfers to this Fund are internally restricted. nvestment income is reported in the aintenance Fund as there are internal restrictions that this income must be used for the Foundation s projects.
he Endowment Fund reports resources contributed for endowments. oth original contributions and unrealized investment income are externally restricted. All unrealized investment income is reported in the Endowment Fund. hen this income is realized, the unrealized income accrual is reversed and the realized investment income earned on resources of the Endowment Fund is reported in the Project fund, Operating Fund or the Endowment Fund dependent on whether it is internally or externally restricted.
Cash and cash equivalents
Cash and cash e uivalents are held for the purpose of meeting short term cash commitments rather than for investing or other purposes. Cash consists of cash on hand, in the ban , and certain investments in a money mar et fund or a bond pooled fund.
Financial instruments
A financial asset or a financial liability is recognized when the Foundation becomes a party to the contractual provisions of the financial instrument. All financial instruments are initially measured at fair value and subse uently at cost or amortized cost, except for e uities which are re uired to be measured at fair value, or financial instruments which are designated at fair value. he Foundation has designated all bonds, guaranteed investment certificates and other financial assets within the investment portfolio, into the fair value category. nrealized gains and losses on financial instruments are measured at fair value and reported in the Statement of ncome, Expenses and Changes in Fund alances.
Financial assets are tested for impairment when changes in circumstances indicate that the asset could be impaired. ransaction costs on the ac uisition and sale of financial instruments are expensed for those items re measured at fair value at each statement of financial position date and charged to the financial instrument for those measured at amortized cost.
Parks Foundation Calgary 2016 Annual Report 35 The Parks Foundation, Calgary Notes to Financial Statements For the year ending December 31, 2016
Investments
nvestments are comprised of all funds invested with a portfolio manager, irrespective of whether the funds are invested in cash and cash e uivalents, short or long term investments, or e uities, as these investments are held for the purpose of long term capital growth. Portions of the unrealized investment income on the Endowment Fund portfolios are externally restricted. ealized investment income on the Endowment Fund and aintenance Fund is internally restricted by oard approval with consideration to the terms of the agreements. ealized investment income from these two portfolios is recorded in the Project Fund and is classified as investment until it is transferred to specific project accounts for the purpose of meeting short term cash commitments and for recovering some costs of those project’s operations incurred by the Foundation. nvestment income of the other portfolios is held within their investment components. A specific condition, applying to the Saddledome Amateur Sport Fund, a project fund, re uires that the e uity portion up to , be restricted and not be made available for expenditure.
nvestment income realized consists of interest, dividends and capital gains (losses). ncome on investments is reported net of investment management, ban ing and custodial fees of , ( , ).
Capital assets
he Foundation records all donated assets at fair mar et value at the date of the donation. All other ac uisitions are recorded at cost. hese assets are amortized over their useful lives using the declining balance method of amortization ta ing one half year amortization in the year of ac uisition. Amortization rates are for office e uipment, for furniture and fixtures, on computer hardware and software and for leasehold improvements. Amortization expense is recorded in the Operating Fund.
Capital assets are tested annually for impairment where impairment indicators are present. his would occur if a capital asset no longer contributes to the Foundation s ability to provide services. Any excess of the capital asset s carrying value with no long term service potential over its residual value is recognized as an expense of the period.
Revenue recognition
Contributions are recognized when received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured. estricted contributions related to operations are recognized as revenue of the Operating Fund in the year in which the related expenses are incurred. All other restricted contributions are recognized as revenue of the appropriate restricted fund. nrestricted contributions are recognized as revenue of the Operating Fund. Contributions for endowment are recognized as revenue of the Endowment Fund, upon receipt of contributions. nvestment income, net of portfolio manager fees, and other income is recognized as revenue when earned on the accrual basis. nvestment income reflects gains and losses on sale of investments. nrealized income or loss reflects re measurement of investments to fair value.
Contributed materials and services
he Foundation receives various contributions in the forms of materials and services to carry out its objectives. ecause of the difficulty in determining their fair value, contributed materials and services are not recognized in the financial statements.
Parks Foundation Calgary 2016 Annual Report 36 The Parks Foundation, Calgary otes to inan ia tate ents For the year ending December 31, 2016
Project administration
e o n ation ar es an a inistration a o ation o to a pro e ts to a en o ent n s ana e t e o n ation an o apita n s raise i are a ai a e or rantin to o nities e o n ation rants t e a inistration a o ation to o nit pro e ts t at a i n er t e artner ar s inistration osts o ation rantin ro ra ana e ent as t e is retion to ar e a inistration osts a o ation to re o er osts ro pro e ts i o not a i n er t e artner ar s inistration osts o ation rantin ro ra an n er spe ia ir stan es
n a ition t e o n ation re ei es ana e ent osts a o ation to assist ertain pro e ts rin t e n raisin or e e op ent sta es or to a inister rants on e a o ot er non or pro it or ani ations or to ana e pro e ts onstr tion
inistration osts a o ations are o e te ont ase on eit er t e ontri tions re ei e or t e an a an es ana e ent osts a o ations or pro e ts initiate t e o n ation are o e te ase on per enta e o o p etion eter ine on t e asis o pro e t an asso iate osts in rre it o t eopar i in t e o p etion o t e pro e t ere it is i i t to p a e a a e on t e osts in rre re en e s a e re o ni e on a strai t ine asis o er t e ter o t e pro e t
inistration an ana e ent osts a o ations are re e te as n trans ers an a o ations ro t e ro e t n to t e peratin n an n trans ers an a o ations it in t e peratin n
n ess esi nate as a aintenan e n an resi a n re ainin t o ears a ter t e o p etion o an pro e ts i re ert a to t e o n ation an i e ti i e at t e is retion o t e oar o o ernors esi a n s an pon ritten re est e on erte into an en o ent n e i ate or aintenan e o t e pro e t
Allocated remuneration costs
n t e o rse o its operations t e ana e ent o t e o n ation a o ates re neration osts to its i erent n s based on management’s best estimate of the time spent by each employee in each area.
Pledges receivable
e es re ei a e are re or e in t e inan ia state ents en t e o o in riteria are et
i ne etter ro t e onor statin p e e a o nt it no o tstan in on itions e pro e t is on ir e to pro ee on a i en ate or as a rea o en e onstr tion eir air a e an e reasona esti ate an o e tion is reasona ass re
Parks Foundation Calgary 2016 Annual Report 37 The Parks Foundation, Calgary otes to inancial tatements For the year ending December 31, 2016
2 Financial Instruments
he o ndation holds ario s forms of financial instr ments. he nat re of these instr ments and the o ndation s operations e poses the o ndation to ario s ris s. Except as disclosed elsewhere, the Foundation’s financial instr ments ha e the follo ing ris s
i nterest rate ris
nterest rate ris is the ris that the al e of interest bearing financial instr ments ill fl ct ate d e to changes in the pre ailing le els of mar et interest rates. he fi ed income in estments are also s b ect to cash flo ris arising from the rein estment of cash flo at arying interest rates.
he o ndation is e posed to interest rate ris arising from the fl ct ations in interest rates on its in estments. he o ndation mitigates these ris s thro gh investment guidelines approved by the Foundation’s Board.
t ecember the o ndation had of in estments e posed to interest rate ris .
ii ity price ris
ity ris is the ncertainty associated ith the al ation of assets arising from changes in e ity mar ets. o mitigate e ity price ris the o ndation has in estment policy g idelines in place that pro ide for pr dent in estment in e ity mar ets ithin clearly defined limits.
he o ndation has an pper limit on e ities of for the hort erm ro ects acco nt . he portfolio manager has an internal constraint of no more than of its net assets in a partic lar ind stry i.e. s b sector as classified by the lobal nd stry lassification tandards “ ” to red ce concentration ris . he portfolio manager limits the magnit de of any one asset mi shift to per arter to red ce timing ris . he portfolio manager also limits the in estment in any one corporation to no more than of the e ity component.
The Fund’s equity holdings are in nine of ten sectors and are most hea ily eighted to inancials of the e ity eight nd strials and nformation echnology . he combined e pos re to all three sectors is .
t ecember the o ndation had of in estments e posed to e ity price ris .
iii redit ris
bstantially all of the o ndation s cash and cash e i alents and in estments are held ithin a hartered financial ban ing instit tion and their c stodian. s s ch the o ndation is e posed to the ris s of these entities.
The Foundation’s acco nts recei able consists of recei able from the go ernment. ccordingly the o ndation ie s credit ris on recei able as minimal.
Parks Foundation Calgary 2016 Annual Report 38 The Parks Foundation, Calgary otes to Financial tatements For the year ending December 31, 2016
The fair value of debt securities includes consideration of the credit worthiness of the debt issuer. The carrying amount of the debt securities held within the investments represents the maximum credit ris exposure as at ecember , .
redit ris arising on debt instruments is mitigated by investing primarily in rated instruments or instruments issued by rated counterparties of credit ratings of at least BBB. The average credit quality of the anadian Bond ooled Fund as at ecember , was – .
iv urrency ris
urrency ris arises from financial instruments that are denominated in a currency other than the anadian dollar, which is the Foundation’s functional currency. The Foundation is exposed to the risk that the value of securities denominated in other currencies will fluctuate due to changes in exchange rates. The exposure to currency ris is primarily through investment in mutual funds with foreign equity holdings. Equities trading in foreign mar ets are also exposed to currency ris as the price in local terms on the foreign stoc exchange is converted to anadian dollars to determine fair value. enerally the Foundation holds its direct cash in anadian dollars.
s at ecember , , the Foundation had , , , , of investments exposed to currency ris .
v iquidity ris
iquidity ris is the ris that the Foundation will encounter difficulty in meeting its obligations associated with financial liabilities. This includes the ris that, as a result of operational liquidity requirements, the Foundation will not have sufficient funds to settle a transaction on the due date will be forced to sell financial assets at a value, which is less than what they are worth or may be unable to settle or recover a financial asset. iquidity ris arises from accounts payable. The Foundation has reserve funds from prior year surpluses to mitigate the liquidity ris , and monitors their cash flows on a regular basis.
Parks Foundation Calgary 2016 Annual Report 39 The Parks Foundation, Calgary otes to Financial tatements For the year ending December 31, 2016
3 Composition of Managed Funds
PARKS FOUNDATION CALGARY Consolidated Statement of Financial Position
Project Fund Maintenance Fund Endowment Fund Managed Funds December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 (as restated (as restated (as restated Note 16) Note 16) Note 16) $ $ $ $ $ $ $ $ Assets Current assets ash and cash e uivalents ote ccounts receiva le ue to from funds ote 5,538,284 5,242,181 340,532 5,490 (29,733) 398 5,849,083 5,248,069
Investments 5,771,115 5,454,079 2,949,299 3,020,927 13,320,676 12,690,050 22,041,090 21,165,056 11,309,399 10,696,260 3,289,831 3,026,417 13,290,943 12,690,448 27,890,173 26,413,125 Liabilities Current liabilities ccounts paya le and accrued lia ilities (452) - - - - - (452) -
Fund balances (Note 9) nternally restricted xternally restricted 11,309,851 10,696,260 3,289,831 3,026,417 13,290,943 12,690,448 27,890,625 26,413,125 - - 11,309,399 10,696,260 3,289,831 3,026,417 13,290,943 12,690,448 27,890,173 26,413,125
Nature of organization (Note 1) Multi-year sponsorship commitments (Note 5) Commitments (Note 14)
Parks Foundation Calgary 2016 Annual Report 40 The Parks Foundation, Calgary otes to Financial tatements For the year ending December 31, 2016
PARKS FOUNDATION CALGARY Statements of Income, Expenses and Changes in Fund Balances For the period ended ecem er
Project Fund Maintenance Fund Endowment Fund Managed Funds 2016 2015 2016 2015 2016 2015 2016 2015 (as restated (as restated (as restated Note 16) Note 16) Note 16) $ $ $ $ $ $ $ $ Income ontri utions ote nvestment income reali ed nvestment loss income unreali ed 8,273,526 8,443,916 (77,118) 194,572 612,571 674,398 8,808,979 9,312,886 Expenses ro ect costs ote addledome rants 6,625,577 5,556,579 - - - 7,136 6,625,577 5,563,715
Excess of income over expenses 1,647,949 2,887,337 (77,118) 194,572 612,571 667,262 2,183,402 3,749,171 Fund transfers and allocations (Note 15) dministration ote ana ement Transfers (1,034,358) (1,433,146) 340,532 902,379 (12,076) (75,833) (705,902) (606,600) - - Excess of income after transfers 613,591 1,454,191 263,414 1,096,951 600,495 591,429 1,477,500 3,142,571
Fund balance, beginning of year 10,696,260 9,242,069 3,026,417 1,929,466 12,690,448 12,099,019 26,413,125 23,270,554 Fund balance, end of year (Note 9) 11,309,851 10,696,260 3,289,831 3,026,417 13,290,943 12,690,448 27,890,625 26,413,125
Parks Foundation Calgary 2016 Annual Report 41 The Parks Foundation, Calgary otes to Financial tatements For the year ending December 31, 2016
4 Cash and Cash Equivalents and Investments
A s at Dec ember 31, 2016, the Foundation held the follow ing c ash and investments:
December 31, 2016 December 31, 2015 Market Value Cost Market Value Cost $ $ $ $ Cash and cash equivalents 6,763,085 6,773,125 6,077,363 8,408,107 Investments 22,605,880 18,051,759 21,720,227 16,483,216 Total 29,368,965 24,824,884 27,797,590 24,891,323
Cash and cash equivalents and investments are allocated to the following:
Managed Funds Operating Fund Total 2016 2015 2016 2015 2016 2015 (as restated (as restated (as restated Note 16) Note 16) Note 16) $ $ $ $ $ $ Cash and cash equivalents 5,911,092 5,253,592 851,993 823,771 6,763,085 6,077,363 5,911,092 5,253,592 851,993 823,771 6,763,085 6,077,363 Investments Money market fund and T-bill sec urities 1,826,328 1,718,617 24,929 - 1,851,257 1,718,617 Bond pooled fund and fixed inc ome sec urities 7,014,691 6,816,210 162,015 555,171 7,176,706 7,371,381 Balanc ed pooled fund 13,200,071 12,630,229 377,846 - 13,577,917 12,630,229 22,041,090 21,165,056 564,790 555,171 22,605,880 21,720,227
Total market value 27,952,182 26,418,648 1,416,783 1,378,942 29,368,965 27,797,590
Decrease (increase) over historic al c ost (4,493,672) (4,681,841) (50,409) 1,775,573 (4,544,080) (2,906,268) Cost 23,458,510 21,736,807 1,366,374 3,154,515 24,824,884 24,891,322
The funds listed in the above summary as Managed Funds are comprised of the following individual funds:
Projec t Fund Maintenance Fund Endowment Fund Managed Funds 2016 2015 2016 2015 2016 2015 2016 2015 (as restated (as restated (as restated Note 16) Note 16) Note 16) $ $ $ $ $ $ $ $ Cash and cash equivalents 5,911,092 5,253,592 - - - - 5,911,092 5,253,592 5,911,092 5,253,592 - - - - 5,911,092 5,253,592 Investments Money market fund and T-bill securities 1,722,356 1,600,238 - - 103,972 118,379 1,826,328 1,718,617 Bond pooled fund and fixed income securities 3,161,456 3,002,178 735,696 711,402 3,117,539 3,102,630 7,014,691 6,816,210 Balanced pooled fund 887,303 851,663 2,213,603 2,309,525 10,099,165 9,469,041 13,200,071 12,630,229 5,771,115 5,454,079 2,949,299 3,020,927 13,320,676 12,690,050 22,041,090 21,165,056
Total market value 11,682,207 10,707,671 2,949,299 3,020,927 13,320,676 12,690,050 27,952,182 26,418,648
Decrease (increase) over historic al c ost (2,299,896) (2,139,408) (354,142) (469,514) (1,839,634) (2,072,919) (4,493,672) (4,681,841) Cost 9,382,311 8,568,263 2,595,157 2,551,413 11,481,042 10,617,131 23,458,510 21,736,807
Parks Foundation Calgary 2016 Annual Report 42 The Parks Foundation, Calgary otes to Financial tatements For the year ending December 31, 2016
5 Multi-year Sponsorship Commitments
ulti year commitments from various donors for the otary attamy reen ay (“Greenway”) pro ect due as at ecem er amount to – . These sponsorship commitments are not recorded as pled es receiva le as they are provided as commitments to the Foundation hich are revoca le est efforts or construction of sponsored sites that ill e completed in su se uent years.
ponsors have committed to contri ute the follo in $
The al ary otary clu s and attamy omes committed each for a total of paya le over five years for sponsorship of the reen ay ith namin ri hts of the path ay as otary attamy reen ay. These financial commitments are included in the ta le a ove net of received from attamy omes and received from otary clu s in throu h .
There ere commitments to contri ute cash ith a alance of paya le over the year – resultin from sponsorship in the form of construction of certain phases of the reen ay. s it as received these commitments ere credited to peratin dministration in lieu of administration and mana ement costs allocation to the reen ay pro ect. ll of these commitments have een met in full y those parties involved as at ecem er .
6 Due to (from) Funds
The accumulated net investment income of of the Talisman peratin Fund is o ed to the Talisman ro ect Fund. The net investment income excludes the fair value ad ustments earned y the Talisman ndo ment apital Fund.
The Foundation transferred in from the artner arks ndo ment Fund to the io ner y ro ect as a repaya le loan approved y the oard of overnors. The loan is outstandin as at ecem er .
n mana ement fees for the three months ended ecem er ere accrued for the reen ay pro ect and the ench pro ram in the amounts of and respectively and respectively .
n mana ement fees for the three months ended ecem er ere accrued for the addledome Fund in the amounts of – .
n the portion of funds collected from sale of enches for on oin maintenance net of the current years expenses for the months ended ecem er ere accrued for the ench aintenance eserve Fund in the amounts of – .
n a portion of all funds donated to the otary attamy reen ay ere allocated for a maintenance reserve in the amount of – .
Parks Foundation Calgary 2016 Annual Report 43 The Parks Foundation, Calgary e nan a a e en For the year ending December 31, 2016
7 Capital Assets
a a a e are r e e w n
2016 Accumulated Net Book Cost Amortization Value $ $ $ e e en 17,028 rn re an re 114 ea e r e en 75,787 er 23,653 r w r 2,800 514,360 394,978 119,382
2015 Accumulated Net Book Cost Amortization Value $ $ $ e e en 24,326 rn re an re 143 ea e r e en 84,208 r w r 2,800 482,823 371,346 111,477
8 Greenway Credit Facility
ne re ear n ere a r e an e re y an en ran e n e ar ner ar n w en n a n ere y e r ana er a a an aya e n e an a e e er n wa rawn r e re a y ( – n )
Parks Foundation Calgary 2016 Annual Report 44 The Parks Foundation, Calgary For the year ending December 31, 2016
9 Fund Balances
a) Project Fund
2016 2015 $ $
11,309,851 10,696,260
Parks Foundation Calgary 2016 Annual Report 45 The Parks Foundation, Calgary For the year ending December 31, 2016
b) Endowment Fund
2016 2015 $ $ 13,290,943 12,690,448
c) Maintenance Fund
.
2016 2015 $ $ 3,289,831 3,026,417
Parks Foundation Calgary 2016 Annual Report 46 The Parks Foundation, Calgary For the year ending December 31, 2016
d) Operating Fund
2016 2015 $ $ 1,756,268 1,603,153 Operating Fiscal Stability Reserve Fund 672,496 661,960
10 Members’ Limited Liability
11 Contributions by Source
2016 2015 $ $ Government Corporations Individuals Other not-for-profit 8,388,951 8,059,417
Parks Foundation Calgary 2016 Annual Report 47 e r s r r e e r e e ember
e e r r s s
–
’ officers’
r s e ses
–
–
Parks Foundation Calgary 2016 Annual Report 48 e r s r o es o i ci e e s r e e r e e ember
mm me s
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e o io e ere i o series of ree e s i ro of re e e ers o ro i e i er e oice o er i er e e e o e ser ice s or ese co r c s ere for or e r r io s re rese e fo o i co i e
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e or io of f s co ec e fro s e of e c es for o oi i e ce e of e c rre e rs e e ses for e o s e e ece er ere r sferre o e e c i e ce eser e i e o of –
e o io r sferre fro e er i o e o e er i o co er o er i cos s s er e ree e i e i e c rre e r r sfer i c es f s e o r sferre i i e o of
e o io r sferre fro e r er r s o e o e ro ec o e r e er e rc i ec r r i ro r
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e o io r sferre of f s recei e fro e r er r s o e o e i i o i ies ir r e e of e o r ree er i s ro e e o r of o er ors o si i r r sfer s e i
Parks Foundation Calgary 2016 Annual Report 49 e r s r r e e r e e ember
r r er s me
eme s M e s er s re s s me s s es e s re s s me s s es e e ember s me s es e e r e e r e rre sse s es me s b es
eme me e ses es es M e s er s re s s me s s es e s re s s me s s es e e r e e r e me e ses r s ers s
es e m s M e s r e M e s s re s s me s s es e s re s s me s s es e e r e e r e rre sse s es me s b es
r e M e s s re s s me s s es e s re s s me s s es e e r e e r e me e ses r s ers s
Parks Foundation Calgary 2016 Annual Report 50 Parks Foundation, Calgary 225 - 13 Avenue SW Calgary, Alberta T2R 1N8 www.parksfdn.com T: 403-974-0751 E: [email protected]