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Talisman Centre
annual report 2003
Table of Contents
page 1 Profile
page 2 President’s Message
page 4 Board of Directors
page 4 Management Team
page 5 Vision and Strategic Accomplishments
page 5 Sport Wellness
page 5 Bookings and Systems
page 6 Customer Relations, Communications, and Fund Development
page 7 Finance/Administration
– Sources of Revenue and Expense
– Human Resources and Volunteers
page 8 Operations/Construction Project Overview
page 8 Organizational Development
page 8 Swim Educators of Lindsay Park
page 9 Rates and Fees
page 9 Attendance Records
page 10 Special Events and Athlete Accomplishments
page 12 Building Healthier Futures Campaign Donors
page 14 Management Analysis
page 15 Auditors’ Report
page 16 Financial Statements
page 20 Notes to Financial Statements
Outside Back Cover: Lifetime Members
Dual Mandate:
To provide training and competition facilities and services for the
development of Calgary’s high performance athletes in their respective
dryland and aquatic sports.
The facility is managed by the non-profit Lindsay Park Sports Society on behalf of Calgarians.
The Board of Directors has 22 volunteer members: 12 representing sporting communities, 4
representing neighbouring communities, 2 representing public and separate school boards,
1 appointed by the City of Calgary, the President, the immediate Past-President, and a
representative from the Past Presidents’ advisory committee. The centre’s daily operations
are conducted by 41 full-time and priority part-time employees, plus over 217 additional
part-time employees.
In 2003, Talisman Centre completed a $24 million capital expansion, virtually doubling
Calgarians’ space to play at the centre.
What can I say, but that 2003 was a most incredible year. We completed our
expansion adding approximately 83,000 square feet to our existing facility.
Of note also this past year was the naming of the Dr. Neville Lindsay Sport Wellness Building, which is
the building housing the two new gyms, the new track, the new lifestyle centre, the sport medicine
clinics, and the physiotherapy clinic. Dr. Lindsay was one of Calgary’s founding pioneers and first
resident physician, his involvement in the community helped create significant events in Canadian
history. Talisman Centre is situated on the land that was a part of Dr. Lindsay’s ranch and the park
surrounding the facility still bears Dr. Lindsay’s name.
The past year was one filled with anticipation and frustrations as we prepared for the additional play
and work spaces. We had hoped to have the expansion completed and the new facilities operational
by early to mid-September 2003. Delays in construction meant we had to delay our programming and
readjust our calendars. I would like to take this opportunity to thank the staff and volunteers who were
able to maintain their spirits and worked with us during this stage of our growth and development.
Another well deserved thank you must be extended to the Board of Directors of the Lindsay Park Sports
Society. It was in the year 1996 that the seeds of expansion began. The Board of Directors envisioned
the need to grow and expand and the ideas gradually began to take shape and growth began in 2002.
Today we have a newly expanded facility that boasts two 50 metre pools, a new hot tub which is wheel
chair accessible, five weight room areas, two running tracks, five gymnasia, new meeting rooms and
office space, a large lifestyle centre for people with disabilities featuring state-of-the-art exercise
equipment, and enlarged physiotherapy and cardiac wellness facilities. With the expansion we have
room to increase our customer base and to offer new and innovative programs for all ages and abilities.
I would like to extend a well deserved thank you and sincere appreciation to our customers. Throughout
this last year you have been incredibly patient and stuck by us throughout the expansion and
renovation. We look forward to a long association and working with you to provide services that can
best meet your individual needs.
The expansion was led by a very capable group of consultants. Thank you to each of the teams—the
consultants led by CannonJohnston Architecture and Gibbs Gage and the construction team led by Ledcor.
From the outset of the expansion project our volunteer fund development team worked diligently to
secure the necessary funds to ensure the completion of the expansion and renovation. We are indebted
to them for their perseverance and determination to seek out and secure the vital funding for the project.
We are fortunate to have secured funding from all three levels of government and we thank the City
of Calgary, the Province of Alberta, and the Government of Canada. The City of Calgary was the first of
our major funders to jump on board contributing $7.3 million and also supporting us with additional
Thank you also to Talisman Energy who is our largest corporate contributor securing the naming rights to
our magnificent facility, Talisman Centre.
I would also like to extend appreciation to all of our campaign volunteers and donors through whose
dedicated efforts the vision was realized. We have erected a donor wall at the entrance of the Dr. Neville
Lindsay Sport Wellness Building that is dedicated to the donors. We also have placed plaques in various
locations of the facility to thank the Board of Directors of the Lindsay Park Sports Society, volunteers, staff,
construction workers, and trades for their contributions to the completion of the project.
I would be truly remiss if I did not extend a note of gratitude and appreciation to the Chief Operating
Officer of Talisman Centre, Bernie Asbell. Bernie has provided leadership, continued enthusiasm, and drive
to ensure the completion of the project. One member of our management team needs to be singled out
and congratulated: Carol Kinley was particularly instrumental in guiding the project to the completion and
I would like to send a special thank you to her for her tireless efforts and work on the expansion.
I believe that Talisman Centre can also take pride as this year’s recipient of the Community Accessibility
Award, presented by the Canadian Paraplegic Association. The award confirms what we believe that the
facility is accessible to all Calgarians regardless of their physical abilities. The facility is for the citizens of
Calgary so that we can work with you to maintain healthier life styles and promote increased levels of
health.
Now that the expansion and the renovations are complete we are concentrating our energies and work on
running the business at Talisman Centre and focusing on programming and new innovative initiatives for
our customers. The Board of the Lindsay Park Sports Society is excited about what the future holds for this
tremendous facility.
Thank you again to all for your contributions over this past year and the support that the board and the
staff have given to me as the president of the society. It is indeed a privilege and honour to have served as
president in 2003.
Annette Gillis
President, Lindsay Park Sports Society
* Executive Committee
Management Team
Bernie Asbell General Manager/Chief Operating Officer
Carol Kinley Booking, Systems, and Operations Manager
Catherine Nielsen Senior Manager
Julie Johnston Weekend Services Manager
Reg Verley General Manager of Swim Educators of Lindsay Park
Cynthia Watson Sport Wellness Manager
Signi Solmundson Manager of Customer Relations, Communications &
Fund Development
Sue Chambers Organizational Development Manager
Philosophy
A multidisciplinary, results-based approach to integrating physical activity, proper
nutrition, and positive attitude to advance the benefits of sport and promote
healthy living for all ages and abilities.
Organizational Development
The focus in 2003 was to offer staff development and learning opportunities, oversee operation of the
Aquatic and Food and Beverage areas, and implement new initiatives such as barrier-free nutritional
education and services, healthy choices in the food and beverage area, development of a comprehensive
youth program, and strategic planning for the Nutrition Kitchen. Key results:
• Development and facilitation of five Energy U learning modules for staff.
• Implementation of the Healthy Choice options in the food and beverage area.
• Creation of the Kids in Action Program.
• Development of a full time nutrition specialist.
• Record food and beverage sales and low labour costs.
• Strategic plan for the Nutrition Kitchen.
Attendance Records
Group #s
Passes & Ticket Holders 465,000
Public Admissions 85,700
Registered & Custom Programs 117,100
User Groups and Special Events 495,200
Other (meeting rooms, child care, etc.) 14,800
Sport Medicine Clinic & Cardiac Wellness Institute 72,300
Total 1,250,100
Aquatic Summary
Invitational Events Aquatics = 18
Provincial Events Aquatics = 5
Western Canadian Aquatics = 0
National Events Aquatics = 4
International Events Aquatics = 1
Fund Raisers = 0
Total Number of Aquatic Events = 30
Total Number of Visitors for Aquatic Events = 25,275
• The Senior Men’s Water Polo Nationals were held here on May 30 – June 1st. The Calgary Torpedoes
placed 2nd to the Pacific Storm of Vancouver. Vladimir Cosic was the tournament MVP. Nathaniel
Miller and Noah Miller both made the tournament all-star team along with Vladimir.
• Canada won the World Jr. Women’s Water Polo Tournament hosted at Talisman Centre in August 2003.
This was the first Canadian win of a World Championship and three members of the victorious team are
Calgarians: Brooke Zimmerman, Kristin Zernicke, and Janis Pardy.
• Lindsay Park Sports Society awards over $7,000 in bursaries each year to assist athletes with the
expenses associated with participating in sport. The bursary recipients all train with sport user group
members at Talisman Centre. The bursary program was first developed in 1995 in response to sport
groups’ requests for help offsetting the costs of training and competition. Swimco Aquatic Supplies
donates $5,000 to the bursary program each year and the Lindsay Park Sports Society contributes the
balance. The 2003 award recipients include:
– Jessie Dabrinsky, Aquabelles – Erik Petursson, Dive Calgary
– Erin Hobbs, Dive Calgary – Bryce Vanderburg, Water Polo
– Brittney Hunt, Rhythmic Gymnastics – Karsey Anne Vanderburg, Aquabelles
– Alison McKenny, Aquabelles – Lauren Yates, Rhythmic Gymnastics
– Trevor Neufeld, Competitive Swimming – Kristin Zernicke, Water Polo
– Janis Pardy, Water Polo – Brooke Zimmerman, Water Polo
Despite these major hurdles the Society sustained only a modest net loss on operations. A year-end bonus
was authorized by the Board of Directors in recognition of staff efforts to maintain normal operations
during a stressful and unusual year. By the end of the year all new facilities were open to the public and
finishing touches were being completed to finalize the project. Customers began returning to the Centre
to experience the reenergized and transformed facilities. We feel a real sense of accomplishment and
are excited by the future that will unfold. With renewed vigour we are striving to meet our mandate for
development of high performance athletes and meeting the recreational, fitness and wellness needs of
the citizens of Calgary. The new facilities have been thoughtfully designed with customer fulfillment in
mind. We are ready to offer our best.
We have audited the statement of financial position of the Lindsay Park Sports Society as at
December 31, 2003 and the statements of operations, changes in net assets and cash flows for the
year then ended. These financial statements are the responsibility of the Society’s management.
Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with Canadian generally accepted auditing standards. Those
standards require that we plan and perform an audit to obtain reasonable assurance whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.
In our opinion, these financial statements present fairly, in all material respects, the financial
position of the Society as at December 31, 2003 and the results of its operations and the changes in
its net assets for the year then ended in accordance with Canadian generally accepted accounting
principles.
CHARTERED ACCOUNTANTS
Calgary, Alberta
March 18, 2004
OTHER ASSETS
Donations on deposit with Calgary Parks Foundation 178,677 669,990
Pledges receivable, long-term portion 78,400 211,050
Tenant improvement advance, long-term portion 138,199 –
Loan receivable (Note 13) – 138,500
Construction in progress – 8,795,850
Restricted funds (Note 4) 392,961 12,863,293
788,237 22,678,683
$ 4,967,661 $ 27,358,178
CURRENT LIABILITIES
Demand bank loan (Note 5) $ 1,650,000 $ –
Accounts payable and accrued 2,410,198 3,741,280
Payroll liabilities 152,508 117,541
Deferred revenue 532,962 428,289
4,745,668 4,287,110
OTHER LIABILITIES
Deposits from tenants 14,565 16,065
Deferred contributions 85,000 20,641,688
99,565 20,657,753
NET ASSETS
Net assets invested in capital assets 1,074,903 560,896
Net assets restricted for Stanley Park pool operations (Note 6) 58,788 40,799
Net assets internally restricted for athletic bursaries (Note 7) 249,173 249,316
Unrestricted (deficiency) net assets (1,260,436) 1,562,304
122,428 2,413,315
$ 4,967,661 $ 27,358,178
APPROVED BY THE BOARD :
2003 2002
REVENUES
EXPENSES
Balance,
start of year $ 560,896 $ 40,799 $ 249,316 $ 1,562,304 $ 2,413,315 $ 2,215,074
Investment
in capital
assets 789,005 – – (789,005) – –
Excess
(deficiency)
of revenue
over expenses (274,998) – (143) (2,033,735) (2,308,876) 191,431
External
restriction of
net assets – 17,989 – – 17,989 6,810
Balance,
end of year $ 1,074,903 $ 58,788 $ 249,173 $ (1,260,436) $ 122,428 $ 2,413,315
Lindsay Park Sports Society (“the Society”) is a non-profit, non-taxable organization incorporated under the Societies
Act of the Province of Alberta.
The purpose of the Society is to oversee and direct the management and operation of the Talisman Centre (“the
Centre”) in accordance with its By-Laws and a Management and Operating Agreement between the Society and the
City of Calgary.
Accounting policies used in the preparation of these financial statements are in accordance with Canadian generally
accepted accounting principles for not for profit organizations. 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 year
end date and the revenues and expenses for the year. Actual results may differ from the estimates. Among the more
significant accounting policies are the following:
(i) Inventory
Inventory of food, beverages, clothing and maintenance supplies is recorded at the lower of cost and net realizable value.
Contributions are recognized as revenue when received unless the contributions are restricted by the donor for a
specific purpose. If the contributions are restricted for a specific purpose they are recorded as deferred contributions
and recognized as revenue in the period in which the related expenses are incurred.
All building additions, improvements and immovable capital assets become the property of the City of Calgary and are
expensed in the year incurred.
3. CAPITAL ASSETS
Movable capital assets which are purchased by the Society are recorded at cost and movable capital assets which
are donated to the Society are recorded at their fair value at the date of contribution.
2003 2002
Capital assets, at original cost $ 2,327,070 $ 1,811,875
Accumulated amortization 1,252,167 1,250,979
4. RESTRICTED FUNDS
A portion of the cash in bank and short-term investments is externally restricted to be used for the expansion
project and internally restricted to fund reserve accounts.
2003 2002
Cash and short term investments in total $ 1,349,789 $ 13,022,191
Cash and short-term investments include balances in major Canadian bank accounts and fixed income securities
acquired through the Securities Division of the bank. They have been recorded at the lower of cost and market value.
Most of the deposits earn interest, which at the year end ranged from 1.50% to 5.70% per annum, but are subject to
market rate fluctuations.
The Society has a line of credit loan to a maximum of $1,650,000. At the year end, the maximum line of credit had
been drawn. The bank loan is payable in multiples of $25,000 on demand. There is no requirement for specific
principal repayments but the advances need to be liquidated within three years. Interest is payable monthly at the
rate of prime plus 1.00%. At the year end, the interest rate was 5.50% but subject to change.
The Society has granted the bank a general security agreement covering its assets and an assignment of fire insurance
coverage as collateral for the loan.
The Society has entered into an agreement with the City of Calgary to operate the Stanley Park Swimming Pool.
Under the agreement, the Society receives an annual operating grant of $12,000 from the City and must operate the
pool in accordance with a public use policy. Once the public use policy has been satisfied, the Society may operate the
pool for its own account.
In accordance with the public use policy, 80% of the net profit from operating the swimming pool is allocated to a
reserve and restricted to offset future deficits and to provide for upgrading, repairs, replacement or development of
approved swimming pool equipment or building expenditures.
7. ATHLETIC BURSARIES
The Lindsay Park Development Foundation (“Foundation”) was dissolved on January 1, 2003 and the assets, 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 received, for the purpose
of improving the quality of the services offered at the Talisman Centre and assisting the development of athletes
training at the Centre.
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 athletic clubs training at the
Talisman Centre.
On other funds
– included in investment income revenue 60,634 44,916
$ 303,938 $ 466,887
$ 2,103,124 $ 1,619,256
$ 2,429,047 $ 2,154,632
$ 1,684,708 $ 1,673,052
$ 528,095 $ 573,823
Lindsay Park Sports Society exercises significant influence over Swim Educators of Lindsay Park Inc. (“Swim
Educators”) by virtue of its ability to appoint a majority of the Board of Directors and to manage the affairs of Swim
Educators under the terms of a management contract.
Swim Educators is a not for profit, non-taxable corporation which has been chartered by letters patent under the
Canada Corporations Act. Its objects are to educate, promote and perpetuate the art, safety and enjoyment of
amateur swimming through instruction, training and publication and distribution of teaching and coaching aids and
achievement awards.
The Society has advanced Swim Educators $138,500 which bears interest at prime plus 1% and is repayable at the
unanimous discretion of the Board of Directors of Swim Educators. The Society also has an outstanding account of
$201,569 (2002 - $137,780) in accounts receivable for operating advances made to Swim Educators prior to the year-end.
The ability of Swim Educators to repay the loan and outstanding account is uncertain because it is dependent on Swim
Educators continuing ability to obtain sponsorship fees and to eventually generate revenue in excess of expenses.
Because of the uncertainty of collection, the Society has provided an allowance for doubtful collection of the entire
loan and most of the outstanding account, which resulted in a bad debt expense of $339,500 in the statement of
operations for the year.
The Society has included the following operating transactions with Swim Educators in its Statement of Operations:
2003 2002
Management contract fees earned $ 85,000 $ 85,000
Investment interest earned 11,916 12,364
Swimming activity supplies purchased 4,063 3,659
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