Up-Front Multi-Year Funding
Name of recipient: Primrose Lake Economic Development Corporation
Start date: March 30, 2007
End date: March 31, 2027
Total funding: $15,000,000
Description: Create a community controlled trust fund for economic development
Strategic outcome(s): The Western economy is developed and diversified.
Summary of results achieved by the recipient: During fiscal 2012–13, the Board continued to work on their Strategic Plan. PLEDC formed strategic partnerships with other groups and collaborated on regional projects in forestry, and oil and gas, which will impact the 2013–14 fiscal year.
PLEDC continues to distribute funds based on new applications from the communities. From April 1, 2012 to March 31, 2013 PLEDC provided grants to clients for economic development initiatives estimated at $306,000. Financial Statements are pending for 2012–13.
| Actual Spending 2010-11 |
Actual Spending 2011-12 |
Planned Spending 2012-13 |
Total Authorities 2012-13 |
Actual Spending 2012-13 |
Variance(s) |
|---|---|---|---|---|---|
| $0 | $0 | $0 | $0 | $0 | $0 |
Comments on variance(s): n/a
Significant Evaluation findings by the recipient during the reporting year and future plan: During the fiscal year ending March 2013, PLEDC completed the required five-year evaluation. The evaluation was accepted by the Board of Directors and is posted on their website.
Significant Audit findings by the recipient during the reporting year and future plan:
No audits performed to date. Date for an audit in the future has not yet been identified.
URL to Recipient's Site: www.pledco.ca
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