Professional Documents
Culture Documents
President’s Message
“Our organization came together especially well in 2006,” says Robin Mitchell, President
and Chief Operating Officer at Talisman Centre. “Teamwork was encouraged rather than egos
and individual pursuits, and that made us stronger and better able to achieve our fundamental
goals.”
Talisman Centre is committed to three straightforward and overriding strategic
directions:
1. Providing customers with an exceptional and motivating environment, including
experience, programs, services and facilities that support them to enjoy and achieve
their sport and wellness goals.
2. Creating and maintaining financial strength that ensures current and long-term
sustainability of the organization.
3. Ensuring Talisman Centre is an excellent workplace that promotes a culture of
participation, nurtures talent and recognizes and rewards team performance in pursuit
of serving our stakeholders.
Talisman Centre renewed its dedication to the dual mandate of providing training and
competition facilities and services for the development of Calgary’s high performance athletes
in their respective dryland and aquatic sports; and providing facilities, programs and services for
the wellness and recreation sporting needs of the citizens of Calgary. This unique environment
where elite athletes train side-by-side with wellness seekers allows Talisman Centre to provide
a higher level of training, service and expertise when it comes to staff, programs and facilities.
“Sport has an equal place with wellness here,” says Mitchell. “It is the honing of the two that
makes us effective—it is the strength of our future towards 2010 and beyond.”
Talisman Centre solidified its ultimate goal in 2006: to provide Calgarians an exceptional
customer experience they cannot get anywhere else. Each department at Talisman Centre—
Character Development, Experience Providers, Sales & Marketing, Facility Management and
Finance—is committed to achieving this common outcome. “In 2006 we worked towards this
goal as a team,” says Mitchell. “Talisman Centre cannot deliver an extraordinary customer
experience if a member of the team is not performing. We believe all of our organization, from
top to bottom, must be dedicated to the same goal.”
Robin Mitchell
President and Chief Operating Officer
Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006
profile
C algary is one of the most active, vibrant cities
in Canada and Talisman Centre is the hub
of that energy. First opened in 1983, Talisman
Centre has become the second most widely
visited multi-sport facility in North America
“This past year was an exciting and successful one at
Talisman Centre with more than 1.7 million visitors!”
through innovative programming and leading-
edge technology. The newly renovated and Chair’s Message Board of Governors
expanded facilities include five gymnasiums,
Rob Davis* Competitive Swimming (Treasurer)
two tracks, more than 20,000 square feet Through the hard work of Talisman Centre staff and the Lindsay Park
Roy Diehl Competitive Swimming
dedicated to cardio and weight training and Sports Society, we continue to be a world-class facility with a thriving sport Peter Hiebert Synchronized Swimming
four pools including two 50m pools, dive tank, culture. We were able to build on our legacy of excellence, while striving Dwight Jack * Rhythmic Gymnastics (Vice Chair)
teaching pool, two hot tubs and a steam room. to meet the current and future needs of our sport partners, members and Martin Kennedy Soccer
clients. In 2006, the LPSS Board of Governors transitioned from an Neil Kuntz Water Polo
The Lindsay Park Sports Society expertly
operational model to one focusing on governance. Talisman Centre renewed David Macaulay* Chair of Executive Committee
manages Talisman Centre on behalf of the
its commitment ensuring a positive and unforgettable customer experience. Bonnie-Jean Marconi Catholic Schools
people of Calgary. A non-profit society, the LPSS Garrett Mazurenko Volleyball
We now deliver more focused programming with a higher level of training,
Board of Governors has 20 volunteer members Peter McKenzie Past President Advisory Committee
service and expertise. Also notable are the emergence of Café Santé and the
— 12 representing sporting communities, three Alec Milne* Basketball (Member at Large)
growth of the new Breathe Apparel retail business.
representing neighbouring communities, two Ed Moore Athletics
The booming economy in Calgary and Alberta this year was marked by
representing Public and Catholic School Boards, Brenda Prymack Fencing
labour shortages and staffing posed a significant challenge. Talisman Centre Gregory Rogers* Rideau-Roxboro Community (Secretary)
a Chair, the past Chair and a representative from
fared well in comparison to others in similar environments. However, we Peter Saunderson Cliff Bungalow/Mission Community
the Past Presidents’ Advisory Committee. An
are mindful of the additional stress and workload placed on staff at all levels Murray Schmidt Diving
enthusiastic team of experts conducts Talisman
and continue to work on ways to keep our unique culture and team morale Jessica Taylor Field Hockey
Centre’s daily operations — 41 full-time and
thriving. Gary Towsley Erlton Community
212 part-time employees.
In 2007, there will be a high demand for Talisman Centre to host events Jill Tynan Public Schools
as the Kinsmen Centre in Edmonton will be closing for extensive renovations. Verla Wong* Chair
Mission The delicate balance of providing a quality customer experience for athletes, * denotes Executive Committee Member
Talisman Centre is a dynamic organization while meeting the demands of members and program users will be become
dedicated to providing people of different ages even more important. To alleviate some stress on the facility during periods
and abilities inspiring, developmental sport and of high capacity usage, Talisman Centre has initiated a Member Exchange 2006 Management Team
wellness experiences, assisting them to achieve Program with other facilities. This unique program allows members to use a
their goals. partner facility and avoid the crowds during busy event times. Robin Mitchell President and Chief Operating Officer
Even with these challenges, the future holds exciting opportunities and Garth Glover Finance Manager
Dual Mandate ventures on the horizon. The Talisman Centre Team has created an atmosphere Carol Kinley Facility Manager
of collaboration and teamwork which will aid in resolving issues and addressing Ashley Myers Sport and Wellness Manager
To provide training and competition facilities Reg Verley Sales and Marketing Manager
challenges that arise. And we remain committed to keeping Talisman Centre a
and services for the development of Calgary’s Cynthia Watson Character Development Manager
leader and innovator in the areas of athletic health and wellness.
high performance athletes in their respective
dryland and aquatic sports.
To provide facilities, programs and services for
the wellness and recreational sporting needs of
the citizens of Calgary.
Verla Wong
Board of Governors Chair
Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006
empower
The year 2006 was marked by tough labour market conditions. “We had to
rethink our hiring strategies in a competitive market where there is more supply
than demand. Talisman Centre stuck to its values and standards, hiring only high-
calibre staff that fit with our culture.”
Character Development
Shakers and Movers . . .
• Congratulations to Karen Iwanski who
celebrated her 20th year at Talisman Centre!
• Goodbye and good-luck to Vicki Lines—thanks
for 19 years of service!
• Congratulations to the many athletes on our
staff including National Judo Champions Pam
Wilson and Laurie Wiltshire; Darren Robson
who won bronze at the World Thai Kickboxing
Championships; and Britney Gregor, skip of
the University of Calgary team that won the
Canadian University Curling Championships
The Character Development Team portfolio includes Adventure Tour in Hawaii. The team came back with four • All the best to Lori Poissant and Karen
human resources,working with volunteers,strategic planning, ideals to implement into Talisman Centre culture: product Driedger, winners of the 2006 White Hat
enhancing workplace culture and community investment. knowledge, consistency, branding and customization. “The Award for outstanding customer service
Two notable accomplishments this past year were the race had a big impact because it drove home the possibility • And our gratitude to Talisman Centre Long
increased sense of team and a revitalized commitment to of what we can do for our customers,” says Watson. “It is Term Service Award winners: 15 years, Sharon
not necessarily about money, it can also be a simple way to Koop; 10 years, Serjey Mukminov; 5 years,
providing the highest level of customer service not only to
improve customer experience.” Rocelyn Talbotars, Bart Ujack, Nestor Caroline,
customers but also employees and volunteers. “Our people Chris Hammer, Keith Chan, Trina Campbell,
are more empowered and engaged with the organization,” Megan Cook, Lancette Burton, Kristine Barnes
says Cynthia Watson, Character Development Manager at Strategic Direction II: Financial Sustainability
and Judy Campbell
Talisman Centre. The Society Team Appreciation Reward (STAR) is
Talisman Centre implemented a new Leadership Model awarded annually by the Board of Governors and paid out
and Succession Plan in 2006. The model is collaborative and to all staff in December. Talisman Centre is one of the few 2006 Highlights
driven by innovation, empowering directors to run day-to- non-profit organizations that offer this type of bonus for the
day business, managers to become better leadership coaches entire staff. STAR is based on a combination of financial • Conducted the first Employee Perspective
and encouraging upward mobility within the organization. Survey
performance and the results of two customer service surveys.
• Benchmarked with the nation-wide MacLean’s
“We worked more closely together this year as a team,” says “Our staff is measured on how well they deliver the ultimate Top 100 Canadian Employers. Talisman Centre
Watson. “We invested in our staff and they were better able customer experience throughout the year and on financial was proud to make the shortlist of top 200
to use their expertise.” achievement,” says Watson. “Our performance in these areas • Underwent a 360 Performance Review Pilot
Another success of 2006 was the Customer Relations ultimately contributes to financial sustainability.” • Developed 2007 to 2010 Business Plan and
Volunteer Program. Thirty core volunteers acted as Talisman Leadership Model
Centre ambassadors assisting with customer service during Strategic Direction III: People Development • Created the Board Governance Education
prime time by answering questions, providing information The competitive labour market in Calgary this past Project
and directing tours. “The program has enhanced customer • Spearheaded the Race for Amazing Customer
year made staffing particularly challenging. The Character
service during busy times and helps fulfill our new Service
Development Team, in wanting to hear what is important to • Developed the targeted recruitment strategy
customer-focused volunteer strategy,” says Watson. “It’s a Talisman Centre employees, conducted an internal Employee “Where Work Feels Like Play”
great program we plan to expand in 2007.” Perspective Survey. “We learned our staff want better pay, • Invested in our community by supporting
benefits for part-time employees, a staff room and more Campus Calgary, Norlien, Canadian Tire
Strategic Direction I: Customer Experience team-building events,” says Watson. “We were pleased to Jumpstart, Calgary Women’s Emergency
The Character Development Team spearheaded implement all four of these requests.” Shelter, Calgary Urban Project Society,
The Race for Amazing Customer Experience in 2006. “It Knowing job expectations, having supervisors caring Discovery House, Boys and Girls Clubs and
was an opportunity for our directors to learn first-hand about employees as people and having a friend at work were other non-profit organizations
what they love about customer experience and bring that three other critical elements of workplace environment • Offered fee assistance through the City of
knowledge back to Talisman Centre,” says Watson. The Calgary; free access to nationally carded
revealed in the survey. “We want to be an employer of choice,”
high performance athletes; and lifetime
directors travelled to one of five locations: Chelsea Piers says Watson. “We are committed to making Talisman Centre memberships to Olympic, Paralympic and
in New York, Disneyland in California, the O Show in an exceptional workplace that promotes participation, offers world medallists who train at Talisman Centre
Las Vegas, Banff and Lake Louise in Alberta and an Eco leadership training and rewards performance.” • Supported numerous charitable organizations
with memberships and free passes
Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006
deliver
The Experience Providers Team is dedicated to delivering advanced customer
experiences. This past year the team provided innovative programs and services
second-to-none.
Experience Providers
One of the most significant aquatic achievements of
2006 was the development of the Aquatic Specialist Boot
Myers. “They are interested in things like personal training,
nutrition counselling and performance testing services.” Based
Experience Providers 2006 Highlights
u developed and implemented the Aquatic Specialist Boot Camp for lifeguards
u worked toward customized programming for intermediate and advanced levels
u developed and implemented a new School Program Model
u key participant in the Campus Calgary/Open Minds Project
u Sport Specific and Multisport Kids Camps were very successful in 2006
Camp. The 16-hour program is a unique way of lifeguard on empirical and anecdotal data, the Experience Providers
training that uncovers true champions in the field. “We Team streamlined services to be intermediate to advanced in
keep our standards high with timed swims and various skill their delivery of customer service, allowing for best practices
tests,” says Ashley Myers, Sport and Wellness Manager at and an enhanced customer experience. “We are serving their
Talisman Centre. “The boot camp is a proactive approach to needs with individualized attention and care, instead offering
lifeguarding and engagement—it puts us a step above other the services that we think are best,” says Myers.
facilities.” In the dryland area, the Experience Providers Talisman Centre provides higher-level training, service
Team customized their approach to services and programs, and expertise with the Athletic Performance Enhancement
catering to intermediate and advanced levels. “Talisman and Endurance Training Systems programs. “Athletes use
Centre has the ability to offer a superior experience that our services to identify how to improve performance and
assures performance results,” says Myers. they see significant gains,” says Myers. “We don’t just have
Another critical change this past year was in school your typical spin class—these programs provide plenty of
programming. Talisman Centre met with both the Catholic additional education, testing and value-added services.”
and Public School Boards and asked, “How can we help
you?” “With that information we developed a new School Strategic Direction II: Financial Sustainability
Program Model,” says Myers. “We are essentially training The Experience Providers Team revisited their margin
the teachers to assist them in teaching curriculum within contribution on net contribution to programs and services
the schools, and students come to our facility for certain this past year. Talisman Centre now offers premium pricing
components.” for premium services. “We’ve streamlined our approach by
As part of the City of Calgary’s Campus Calgary/Open eliminating ineffective services to make room for thriving
Minds Project, kids attend a week of classes at Talisman business units,” says Myers. In 2006, gross revenues from
Centre, a different group for each of the 16 weeks the program both school and camp programs increased substantially from
runs. The week is a catalyst for a long-term interdisciplinary the previous year.
study at school and promotes critical thinking and problem
solving skills for students, teachers, parents and community Strategic Direction III: People Development
organizations as they interact with the real world.
As a result of the growing job market in 2006, Talisman
The Experience Providers Team also offered Sport
Centre had to challenge their business practices in how best
Specific and Multisport Kids Camps that were a big hit in to retain staff. The Experience Providers Team heightened
2006. “We attracted youth back into camps this year,” says their training and succession plan and committed to
Myers. “There is a new holistic aspect to our camps that continuing education, ongoing mentoring and coaching,
includes nutrition, sport and educational components for speciality in-services and staff awards.
parents and children—and the kids were crazy about the The monthly Talisman Recognition & Appreciation
giant floatables!” Concept Award (TRAC) was developed to honour staff
that act above and beyond their job role. Staff members
Strategic Direction I: Customer Experience nominate their peers for TRAC awards in the categories of
Customer experience was elevated to a new level in 2006 Innovation & Creativity, Integrity & Fairness, Teamwork
with the customization of programs and services. “More & Professionalism, Leadership & Accountability and
and more we see Calgarians want individual attention,” says Customer Service Excellence.
Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006
serve
Innovation and collaboration were the fundamental ideals of 2006 for the Sales
& Marketing Team. In an effort to serve and honour the loyalty of members,
Talisman Centre committed to inside/out marketing.
10 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 11
commit
The Facility Management Team is committed to providing every person who comes
to Talisman Centre with an outstanding customer service experience. In 2006, they
approached this challenge from all angles, involving every member of the team.
Facility Management
“There is a staff commitment to jump in and assist every This year Food & Beverage answered the requests of
customer,” says Carol Kinley, Facility Manager of Talisman customers by offering food with high standards of nutrition,
Centre. “It starts with the parking lot being shovelled and quality, quantity and speed of delivery.
getting the temperature right when you come into the facility;
then we look at every part of the customer experience from Strategic Direction II: Financial Sustainability
there.” Each and every day at Talisman Centre, the Facility
The Facility Management Team includes Operations, Management Team is working behind-the-scenes to
Maintenance & Custodial, Information Technology, maintain and upgrade facilities without closure or business
Bookings and Food & Beverage. The team is constantly interruption. “We were successful this year, because we did
working in the background to ensure seamless day-to-day our job well,” says Kinley. “With a facility as big as we are—
operations at Talisman Centre. “We have a 24-year-old main open all year from Monday to Sunday for 17 to 18 hours a
facility and two new ones that see more than 1.5 million day—to stay open, maintain and upkeep the facility without
visitors per year and an incredible amount of wear and tear,” a shutdown is a credit to everyone.”
says Kinley. “It is a huge accomplishment to have minimal The Facility Management Team contributes to financial
operational impact while ongoing life cycle maintenance and sustainability through regular, ongoing, preventative life cycle
repair goes on in our facility.” maintenance ensuring Talisman Centre stays open to provide
Talisman Centre is an iconic building with a unique facilities and spaces for our customers to pursue their sport
wide-open atmosphere and a legendary roof that is part of and wellness goals.
Calgary’s skyline. The Facility Management Team honours
this legacy with vigilant upkeep and constant improvements. Strategic Direction III: People Development
“Our effort as a group was exceptional in 2006,” says Kinley.
Talisman Centre solidified its culture and work
“This year we became a better team!”
environment this past year. New employees of the Facility
Some of the projects of the Facility Management Team
Management Team attended Boot Camp to learn Talisman
in 2006 included free wireless Internet, new hot water tanks,
Centre character and culture.“We have a unique environment
new southeast exterior exit doors, new LED scoreboards, a
at Talisman Centre and all new employees need the tools
new staff room and acoustic tiles in the training pool.
to support that culture,” says Kinley. “We teach our vision,
mission, dual mandate and how they support our members,
Strategic Direction I: Customer Experience
sport partners and the public.”
The Facility Management Team enhanced customer Another aspect of the culture is the holistic approach
experience this year by asking, “How can we assist you?” to people development. Talisman Centre offers employees Facility Management 2006 Highlights
Through a process of surveys, focus groups, meetings and a competitive pay scale, professional development, flexible
customer comment cards, the team listened to customers hours, fitness training, leadership training, above standard
and tried to meet and surpass their needs. “We are really certification and training, coaching, mentoring and an
u Launched free wireless “Hotspots” within Talisman Centre for customers and staff
value-added services,” says Kinley. “We enhance customer exceptional workplace environment.“This benefits the person u Replaced south exterior doors for better security and energy savings
service everyday through the small little extras—from Abdul and the organization,” says Kinley. “We are committed to a
Shukar, our concierge who greets you in the parking lot, to succession plan that develops the individual’s skills so they u Purchased a used 35-foot scissor lift to increase daily operations efficiency
televisions in the lounge, fresh coats of paint and the bright
atmosphere of Café Santé.”
can grow with Talisman Centre.” u Installed new energy efficient LED scoreboards in gyms 1, 2 and 3
u Installed acoustic panels in the training pool
12 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 13
✔
The Finance Team serves Talisman Centre in two absolutely critical ways—assuring City of Calgary (8%) About Swim Educators of
all balance and checks are in place and supporting the entire organizational team. Lindsay Park . . .
Food Services (9%)
16 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 17
Statement of Operations Statement of Changes in Net Assets
For the year ended December 31, 2006 For the year ended December 31, 2006
Facility Expenses Net excess for the year (300,326) – 889,662 589,336 466,008
Facility operations (note 7) 3,035,393 2,857,427
Experience providers 2,594,627 2,407,432 Distribution of externally restricted net assets – – – – (52,234)
Character development and administration 1,514,867 1,445,735
Sales and marketing 865,764 564,830 Balance – end of year 923,020 249,316 (393,482) 778,854 189,518
Food services 637,786 595,982
Stanley Park Pool (note 5) 96,567 89,029
8,745,004 7,960,435
Other Revenue
Investment income 102,789 54,848
Naming rights and other sponsorships 636,546 670,146
(Loss) gain on disposal of capital assets (4,866) 3,001
734,469 727,995
Other Expenses
Amortization of capital assets 300,326 294,240
434,143 433,755
Capital Contributions
Capital contribution from City of Calgary 558,670 454,000
Capital contributions from other sources 16,667 16,667
575,337 470,667
Capital Expenses
Building improvements and capital expenditures 650,647 504,145
(75,310) (33,478)
18 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 19
Statement of Cash Flows Notes to Financial Statements
For the year ended December 31, 2006 December 31, 2006
Cash and cash equivalents – beginning of year 1,673,759 1,188,782 Cash and cash equivalents
Cash and cash equivalents – end of year 2,752,818 1,673,759 Cash and cash equivalents include cash and short-term investments that are highly liquid and readily
convertible to known amounts of cash.
Donated services
Volunteers contribute a significant number of hours to assist in the management and operation of the Society.
Because of the difficulty of determining the fair value of the services contributed, the value of volunteer
services is not recorded in these financial statements.
Financial instruments
The Society’s financial instruments included in the statement of financial position are comprised of cash and
cash equivalents, accounts receivable, pledges receivable, donations on deposit with Parks Foundation,
Calgary, and accounts payable and accrued liabilities.
The fair values of the financial instruments approximate their carrying values at December 31, 2006 due to their
short term nature.
The Society is not exposed to undue interest rate, credit or foreign currency risk.
20 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 21
Inventory 3. Capital assets
Inventory of food, beverages and clothing is recorded at the lower of cost and net realizable value. Cost is 2006 2005
determined on an actual basis.
Cost Accumulated Net Net
Non-recording of City property Amortization
The original building complex and its major equipment components were provided from the City of Calgary’s
capital fund and are the property of the City; therefore they are not recorded in these financial statements. All Athletic equipment $ 1,652,198 $ 1,038,746 $ 613,452 $ 607,776
building additions, improvements and immovable capital assets become the property of the City of Calgary and Office furniture and equipment 488,262 281,800 206,462 265,532
are expensed in the year incurred. Computer equipment 289,841 226,030 63,811 63,888
Café furniture and equipment 82,781 43,486 39,295 50,558
Revenue recognition
2,513,082 1,590,062 923,020 987,754
The Society follows the deferral method of accounting for contributions. Restricted contributions are
recognized as revenue in the year in which related expenses are incurred. Unrestricted contributions are
recognized as received or receivable if the amount can be reasonably estimated and collection is reasonably
assured. 4. Deferred contributions
Admissions, memberships and programs fees as well as facility booking fees are recorded as revenue over the In 2005, the Society received an anonymous contribution of $1,000,000 in exchange for the right to name the
period that the services are rendered, with the prepaid portion recorded as deferred revenue. fifty meter pool complex constructed in 2003 “The Calgary Foundation Aquaplex”. The naming rights are for a
term of twenty years. The Society has recorded a portion of the contribution $50,000 (2005 – $50,000) as
Sponsorships and grants are recognized as revenue in accordance with the terms of the sponsorship or grant revenue for the year and deferred the balance of $868,767 which will be recognized as revenue on a pro-rata
agreement. basis over the remaining term of the naming rights.
Capital contributions used for building expansion and improvements and to acquire immovable capital assets
which do not become the property of the Society are recorded as revenue in the same year as the expansion, 5. Stanley Park Pool
improvement or acquisition is expensed.
The Society has entered into an agreement with the Calgary Outdoor Swimming Pool Association (COSPA) to
Investment income is recorded as investment income revenue when it is earned. operate the Stanley Park Swimming Pool. Under the agreement, the Society receives an annual operating grant
of $15,000 (2005 – $15,000) from COSPA and must operate the pool in accordance with a public use policy.
Use of estimates Once the public policy has been satisfied, the Society may operate the pool for its own account. In accordance
with the public use policy, an operating contribution of $10,300 is paid to COSPA.
The preparation of financial statements in conformity with Canadian generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the 6. Internally restricted for Athletic bursaries
reported amounts of revenues and expenses during the period. Actual results may differ from the estimates.
The Lindsay Park Development Foundation (“Foundation”) was dissolved on January 1, 2003 and the assets,
Expenses liabilities and net assets were transferred to the Society. The purpose of the Foundation was to act as a trustee to
administer the funds from the Western Canada Summer Games Foundation, together with any other funds
Experience Provider expenses includes the costs of programs and services conducted by the aquatics, athletics received, for the purpose of improving the quality of the services offered at Talisman Centre and assisting the
and wellness departments. Character Development and Administration expenses include the costs of the human development of athletes training at the Centre.
resources, finance and administration departments.
The Society has agreed to continue the work of the Foundation and accordingly has restricted the net assets
received from the Foundation for the purpose of providing bursaries and grants to athletes and Sport Partners
training at the Talisman Centre.
22 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 23
7. Facility Operations 9. Commitments
Included in Facility Operations expense are the following utility expenses: Access Advantage Endowment Agreement
2006 2005 In 2004, an endowment fund named Access Advantage was established at the Parks Foundation Calgary. The
income from the endowment allows the Society to provide subsidies and fee assistance to patrons of limited
Electricity $ 660,794 $ 672,183 economic means in order to improve their access to the Talisman Centre. In the prior year, the endowment fund
Natural gas 390,420 364,805 received from an anonymous donor a donation of $1,249,000. The Society has agreed to increase the
endowment fund to $3,000,000 by way of contributing at least 15% of its annual excess of revenues over
Total 1,051,214 1,036,988 expenses before internal allocations to the Endowment Fund. The contribution from the Society for 2006 was
$104,001 (2005 – $82,237) and has been recorded as an accrued liability and Character Development and
Administration expenses at year end.
Swim Educators is a not-for-profit corporation pursuant to the Canada Corporations Act. Its objects are to
educate, promote and perpetuate the art, safety and enjoyment of amateur swimming through instruction, Income related to this endowment amounted to $41,335 (2005 – $63,567) and has been included in Donations
training and publication and distribution of teaching and coaching aids and achievement awards. on Deposit with Parks Foundation, Calgary and was recognized as Naming Rights and Other Sponsorship
revenue. Administration fees of $17,561 (2005 – $11,608) related to the Endowment Fund were paid to the
The Society has advanced $138,500 to Swim Educators. The advance bears interest at prime plus 1% and is Parks Foundation, Calgary and were recorded as Character Development and Administration expenses. The
repayable at the unanimous discretion of the board of directors of Swim Educators. following is a continuity of the Donations on Deposit with the Parks Foundation, Calgary:
The Society also has an outstanding account of $276,866 (2005 – $217,442) in accounts receivable for 2006 2005
operating advances made to Swim Educators.
Balance – beginning of year $ 211,426 $ 85,128
The ability of Swim Educators to repay the loan and the outstanding account is uncertain because it is Contributions 400 73,576
dependent on Swim Educators continuing ability to obtain sponsorship fees and to eventually generate revenue Interest 3,412 3,272
in excess of expenses. Because of the uncertainty of collection, the Society has provided an allowance for Administration charges (2,325) (2,509)
doubtful collection of the entire loan and the outstanding account in a prior year. Payment to Talisman Centre (70,000) –
Endowment interest 41,335 63,567
The Society has included the following operating transactions with Swim Educators in its Statement of Administration charges on endowment (17,561) (11,608)
Operations:
Balance – end of year 166,687 211,426
2006 2005
24 Talisman Centre for Sport and Wellness • Annual Report 2006 Talisman Centre for Sport and Wellness • Annual Report 2006 25
Energy Contracts