Lorrie Keon

The board meeting covered several critical operational and strategic areas. Key discussion topics included a comprehensive President's report detailing performance across the Health Care Centre of Excellence, revenue streams, digital transformation initiatives, and the investment management agreement. The Audit and Risk Management Council provided updates on purchasing policies and facilitated a discussion on investment risk. The board reviewed and approved the 2026-2027 budget, two-year forecast, and capital plan. Furthermore, there was an update on the Health Care Centre of Excellence business case, progress on the Block 40 acquisition, and the current status of the RFP for design and construction. The meeting also addressed the college scorecard, board assessment processes, and the selection of recipients for honorary diplomas for upcoming convocations.

The board discussed the non-renewal of the Centre for Entertainment Arts contract and received the President's report covering revenue streams, project status for HRIS and SIS, and student accomplishments. The board also reviewed the Student's Association financial results, employee engagement survey results, and an update on the Health Care Centre of Excellence expansion. Furthermore, the board approved the second quarter financial reports and tuition fee changes for the 2026-2027 fiscal year, reviewed investment performance and policies, and authorized various academic program changes including suspensions and terminations. Finally, the board finalized meeting dates for the upcoming year and conducted in-camera sessions.

The meeting commenced with agenda review and consent agenda approval. Discussions included an in-camera session with the President. Key topics in the President's Report covered the progress of the Health Care Center, challenges with domestic enrollment, momentum on the Open Doors, Open Minds Campaign, progress on Digital Transformation and ERP Solution implementation, positive engagement with provincial government and city council, a successful Giving Day, and significant achievement in applied research rankings, including a national championship win by students. Further discussion involved a presentation on Budget and Government Funding processes, recognition of Supply Chain Case Competition Winners, and an overview of the Audit and Risk Management Council meeting from November 12, 2025. The Board accepted the Quarter One 2025/2026 Forecast Reports and approved a proposal to submit an exceptional tuition increase for select domestic programs. Extensive discussion addressed investment portfolio underperformance and policy review. Old Business included the approval of the 2024-25 Annual Report for submission, noting issues with the legibility of tables in the MD&A section. New Business involved the approval of the Investment Management Agreement for submission to the Minister of Advanced Education.

This annual report for Bow Valley College outlines its operational and financial performance for the 2024-2025 fiscal year, reporting on the initial activation and implementation of its refreshed 'Launch | Advance | Evolve' strategic plan. This plan, which officially begins with Year 1 priorities in the 2025-26 fiscal year, focuses on empowering students through high-quality, career-relevant programs, academic innovation, and robust student supports. The report highlights achievements in areas such as health care education, digital entertainment, competency-based education, and collaborative partnerships, aiming to drive student success and contribute to regional economic and social development.

This Annual Report for Bow Valley College details its activities and financial performance for the 2024-2025 period, guided by the 'Launch | Advance | Evolve' Strategic Plan. The plan focuses on providing high-quality, career-oriented education, enhancing local and global impact, and fostering a dynamic ecosystem for career success. Key initiatives include the development of a Health Care Centre of Excellence, academic innovation through the Digital Entertainment Nexus (DEN) and Competency-Based Education (CBE), and continued student support services. The college aims to empower students for career success by strategically aligning its goals with economic and social needs, while ensuring operational excellence and financial sustainability.