2024–2025 Departmental Results Report – Supplementary information tables – Up-front multi-year funding
General information on up-front multi-year funding to Primrose Lake Economic Development Corporation (PLEDCo)
| Recipient information | Primrose Lake Economic Development Corporation (PLEDCo) |
|---|---|
| Start date | March 30, 2007 |
| End date | This was a one-time monetary commitment with no specified end date. |
| Link to department’s Program Inventory | Program: Community Initiatives |
| Purpose and objectives of transfer payment | In 2007, the department invested $15,000,000 to be held in trust for the long-term benefit of communities near Primrose Lake, Saskatchewan. The objective of the investment is to assist and promote economic development in the communities within the Primrose Lake Area (including Jans Bay, Cole Bay, Beauval and Ile-a-la Crosse) and to enhance the long-term economic viability and sustainability of those communities. This includes ensuring the funds are preserved and utilized wisely for economic development. |
| Audit findings by the recipient during the reporting year, and future plan | No audits have been performed to date. The date for the next audit has not yet been identified. The client provides audited financial statements on an annual basis. |
| Evaluation findings by the recipient during the reporting year, and future plan | An evaluation was not required in 2024–2025. The next evaluation is expected to be completed by March 2028 by an independent third-party organization. |
| Summary of results achieved by the recipient | During fiscal year 2024–2025, PLEDCo continued to invest in economic development and infrastructure projects, scholarships, and programming for elders in the community. Key sectors in the Primrose Lake region include natural resources, industrial and mine supply, fishing, trapping, forestry, tourism, and value-added agriculture (wild rice, fish processing, etc.). |
| Total funding approved (dollars) | $15,000,000 |
| Total funding received (dollars) | $15,000,000 |
Financial information (dollars)
| Planned spending in 2024–2025 | $0 |
|---|---|
| Total authorities available for use in 2024–2025 | $0 |
| Actual spending (authorities used) in 2024–2025 | $0 |
| Variance (2024–2025 actual minus 2024–2025 planned) | $0 |
| Explanation of variance | Not applicable |