CF NAME: Fiscal Year: 2010-11OPERATIONAL PLAN



WD does not require a signed copy of the Annual Performance Report as the Board Motion will demonstrate Board approval. Please email, in WORD format only, a copy of the approved Annual Performance Report to your WD Officer by May 31, 2018 SECTION 1Board MotionMotion from your Board of Directors that approved the 2017-18 Annual Performance Report.Date of Board Meeting:June 27, 2018Motion:To accept the 2017-2018 Annual Performance Report Moved By:Raymond CookSeconded By:Alex DelarondeSECTION 2Executive Summary on Overall Performance for 2017-18 Please provide a short narrative (1/2 to one page) summarizing your organization’s overall performance, successes, challenges and issues for the past fiscal year. Highlight any governance improvements undertaken (board training, new policies, etc.)The Board has received training quarterly in the following areas; Module #5 – Board Development and Evaluation; Module 6 – Community Futures Lending and Module #4 – Financial Management of a Community Futures. We have also re-vamped our Director’s Manual and concentrated on our Investment Policies for improvement. We have been audited by PW for WED and have moved our offices to a different location for better access and more room for offices and parking space. We have made significant changes to cut costs and increase some rental costs. SECTION 3Success StoriesPlease provide 3 success stories with a short description, the role your organization played and why you feel this is a success for your community. Note: Client approval should be obtained to share information about them.WD uses these stories to demonstrate the impact of the CFs in western Canadian communities and to outline concrete examples of positive outcomes for western Canadian stakeholders.Client Name Service Provided (loan, bus. services, comm. planning & implementation)Description should include:Did it align with GOC/WD Priorities?What role did the CF play?Describe how this project/loan/service/initiative made a difference in the clients organization and/or community?What were the final outcomes* from the activity?How has this positively affected your community?How has this service enhanced the economy in your community?(6-8 sentences)DoNuts and DeliLoan provided as well as business services.This business has experienced a complete turn- around from the previous owners who let the business flounder and near closing. Client took our advice and up-dated the facility, bought new equipment, hired new staff, changed menu and added new products and drastically increased revenues by 66.6% from previous ownership. Have assisted client utilize First People’s program to expand storage facilities.Fiddler’s CornerProvide loan for business plan and provided client services and advice.Worked out a partnership with an adjoining CF to provide $130,000 in form of a loan to support this client. This individual was our client with a balance and would have taken us over our limit so we made a deal with adjoining CF to take on this loan as they required some loan stats as well. This business that was purchased had been closed for a long period of time and was greatly needed in the area. This business will do well.Vision QuestProvide strategic planning, implementation services, organizational services and advice on this committee along with four other Community Future organizations.This organization plans and delivers a community economic development service to approximately 1000 attendees each year in Winnipeg. Workshops, training and presentations are delivered over a 3 day period to make this a most valuable conference offered in Manitoba for indigenous and non-indigenous individuals. Strategic planning takes place for 3 days each year and meetings are held on a monthly basis throughout the year. This is a partnership between 5 Community Futures organizations.*Example of possible outcomes: jobs created, impact on the community, successfully assisted companies to enter global markets, new export sales for businesses, new office(s) opened in western Canada, investment attracted to a business, new product(s) created or new service(s) created, successful joint venture established, etc.SECTION 4Alignment with Government of Canada and WD Priorities in key areasPlease describe the initiatives or project that your organization was involved in that aligned with WD 2017-18 operational priorities listed below:Innovation: Helping support the development and commercialization of cutting edge technologies. Facilitating and enabling western Canadian businesses to capitalize on research, development and commercialization opportunities.Innovation Clean Technology: Defined as any process, product, or service that reduces environmental impacts: through environmental protection activities, through the sustainable use of natural resources, or through the use of goods that have been specifically modified or adapted to be significantly less energy or resource intensive than the industry standard. The industry standard or most commonplace technology means the most prevalent or dominant technology available for use in a given market (e.g. Western Canada).Trade & Investment: Enhancing access to international markets and attracting foreign direct investment to Western Canada. Building Capacity for Defence Procurement Opportunities: Helping western SMEs take advantage of federal procurement opportunities, for instance, by acting as a business facilitator and/or promoting western Canadian companies and their capabilities to domestic and international audiences. Economic Growth Acceleration Opportunities for Indigenous Peoples: Engaging with Indigenous groups to explore opportunities to increase the economic participation of Indigenous peoples with a particular focus on business and economic development, and skills and training.StrategyPlanned Project/Initiative(2 – 3 sentences)Outcome Achieved1 (a)Innovation – Support business and initiatives that can bring new technologies to Canadian and global markets1 (b)Clean Technology – Support business and initiatives related to Clean technology activities2Trade & Investment – Assist business to enter into global markets3Building Capacity for Defence Procurement Opportunities – Support businesses to take advantage of federal procurement opportunities4Economic Growth Acceleration Opportunities for Indigenous Peoples – Support participation of Indigenous peoples in economic developmentCF Cedar Lake Region supports indigenous people’s economic development through loans, training, client services, referrals and business services. Of the 7 loans disbursed this year 86% were to Indigenous peoples.Of the 47 individuals trained in the community training sessions, approximately 85% were indigenous peoples.CF cedar Lake Region is also an active board member for Vision Quest Conference. This conference is an aboriginal economic development conference held over three days in Winnipeg ranging from 800-1000 registered delegates yearly. There are 13 interactive workshops that promote community and economic development for individuals and Youth. There are 2 high profile motivational speakers who bring a message that stimulates the economic development message for those in attendance.SECTION 5Collaboration & Cost EfficienciesPlease report back on the cost efficiencies* or collaboration* efforts (CFs, WCBSN or other business service providers) that the organization implemented during 2017-18.Collaborations and/or Cost Efficiencies ImplementedIf Applicable, Names of WCBSN Partners InvolvedEstimated Cost Savings and/or BenefitsCompleted / Ongoing1Switched phones system to VoIPn/a$4,200/yearlyCompleted234*Examples could include: co-location and/or collaboration with other WCBSN partners /or other business service providers, sharing internal services, efficient use of technology, participating in group buying opportunities.SECTION 6Performance Indicator Variance In the table below, please ensure a detailed explanation is provided if the organization did not meet the MPS for their group.Performance Indicator2017-18Target2017-18ActualIf you did not meet the MPS for your Group, provide a detailed explanation and plans for ensuring the MPS will be met in 2018-19.Indicate which Group the CF is in : Choose your assigned groupTotal # of community based projects (New PLUS Ongoing)210# of business training session participants3047# of business advisory services300403$ value of loans (*)$200,00062,0002017-2018 was an exceptionally slow year for CF Cedar Lake Region, Past history has shown that we normally meet this standard but due to the switch over to new owners at the Canadian Kraft Paper Mill (Formerly Tolko Industries) the area was very apprehensive to create any new debts for fear of closure of this mill. We have noticed more movement in the 2018-2019 Fiscal year already, as we have approved and disbursed 3 loans valued at $142,500. We do not foresee this standard being an issue in this fiscal year. # of loans (*)67# of Projects/Initiatives that align with GOC/WD priorities and (PLUS) # of Loans that align with GOC/WD priorities12*Total value of ALL loans and other investments approved where initial disbursements madeFOR REFERENCE ONLY:MPSGROUP 1GROUP 2GROUP 3Total # of community based projects (New PLUS Ongoing)222# of business training session participants 400400300# of business advisory services $ value of loans $600,000$400,000$200,000# of loans 1286# of Projects/Initiatives that align with GOC/WD priorities and (PLUS) # of Loans that align with GOC/WD priorities321SECTION 7CF Web ReportingPlease provide the hyperlink to the 2017-18 Performance Results posted on your website. (The template for Performance Results 2017-18 was provided to you along with this document.)2017-18 Performance Report on Website 8Loans over $150,000Did your CF provide loans over $150,000 in 2017-18? FORMCHECKBOX Yes FORMCHECKBOX NoIf yes, then please provide a list of all loans given over $150,000 and provide the reasoning/justification behind providing those loans. Please use your internal file or client number and not client name. Note: your policy on loans over $150,000 should have been provided to WD previously. If not, please attach to this report.File #AmountRationale for Loans over $150,000SECTION 9Syndicated LoansDid your CF participate in any syndicated loans in 2017-18? FORMCHECKBOX Yes FORMCHECKBOX NoIf yes, please provide a list of any syndicated loans your organization may have been a part of. Note: As per the Contribution Agreement (Attachment B, Investment Fund Terms and Conditions), each participating CF may only provide up to $150,000.Lead CFWhich CF reported the loan in the reporting system?Amount Contributed by your CFTotal Loan AmountNumber of Partner CFsSECTION 10Investment FundWD Investment Fund Activity as of March 31, 2018Total Value of Loans ReceivableTotal Number of Loans ReceivableTotal Value of Loans Receivable over 90 daysNumber of Loans Receivable over 90 days$685,944.7530$122,942.108Equity Investment / Related Entities / Subsidiaries as of March 31, 2018Does your CF have investments in equity, related entities or subsidiaries as of March 31, 2018? FORMCHECKBOX Yes FORMCHECKBOX NoIf yes, please list them pany NamePercentage of SharesDollar ValueFOR THOSE WITH A 3 YEAR AGREEMENT : Interest Transfers up to $50,000 Did the CF transfer interest in 2017-18? FORMCHECKBOX Yes FORMCHECKBOX NoIf Yes, please list all interest transfers amounts, the activities, and the WD Investment Fund type. ActivityWD Investment Fund SourceAmount TransferredChoose an item.Choose an item.Choose an item.Choose an item.Interest Transfers above $50,000 (not included in Section 3) and Interest Transfers for those with 1 year agreementsDid the CF transfer interest in 2017-18? FORMCHECKBOX Yes FORMCHECKBOX NoIf yes, please list all interest transfers amounts, the activities, the WD Investment Fund type, and WD approved date. ActivityWD Investment Fund SourceAmount TransferredDate WD Approved the TransferChoose an item.Choose an item.Choose an item.Choose an item.SECTION 11 AppealsPlease report on the following.Number of Appeals 0Basis for the Appeals (please list all reasons)n/aNumber of Appeals Upheldn/aNumber of Appeals Deniedn/aNumber of Appeals Pending Decisionn/aSECTION 12 - OPTIONALHighlights This section is optional and is provided for you to show case anything the CF does that you feel may be different from other CFs. This could include; best practices, interesting processes, unique services, meaningful community based projects or events, etc. ................
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