MANITOBAN Pride picnic aims to foster community
U of M’s 2024 Annual Financial Report released Milan Lukes, staff
graphic / Teegan Gillich/ staff
Misha Stone, staff The Manitoba 2SLGBTQIA+ Student Action Coalition is hosting its first pride picnic at Assiniboine Park on Saturday, July 27. Rainbow Pride Centre president and UMSU repre-
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sentative, Theodore Biggs-Engel, said a lot of activism in the past couple of years has focused on rallies and protests. His goal with the picnic is to “have a peaceful event where we can kind of get to know other people in the community.”
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The event is free to attend and will include food and drinks including vegetarian and halal options. Biggs-Engel said that while everyone is invited to the picnic, its focus is on “queer people and their families.” He said the picnic will be a great
opportunity for people to meet the new executives and to continue building community for 2SLGBTQIA+ people. Biggs-Engel added that this a chance to “connect and get some excitement for what [is] planned in the fall […] Cont’d p. 6 / Pride >
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The U of M board of governors approved the university’s 2024 Annual Financial Report on June 25. This 60-page report details the university’s financial affairs as of March 31, 2024. Per section 9.4(1) of The Advanced Education Administration Act, a board is required to prepare and submit an annual report of university operations during the fiscal year to the minister of advanced education and training. The report is to include audited financial statements, in addition to any other information the minister may request. The concluded fiscal year spanned from April 1, 2023 to March 31, 2024. As of March 31, the university’s net financial assets totaled $939.1 million, composed of $1.3 billion in financial assets and $670 million in endowments. The assets were offset by $1.1 billion in total liabilities. The largest components of liabilities consisted of $509.7 million in deferred revenue and $316.9 million in debt. Incurred debt involved loans made to the university for various initiatives, such as construction of the Active Living Centre and other buildings, infrastructure and maintenance. Non-endowed portfolio investments, consisting of resources that are held or designated for particular activities, totaled $1.1 billion. Endowed portfolio investments totaled $676 million which includes donations to be held in perpetuity for the use of future generations. The university received $13.8 million in endowed donations from donors in 2023-24. The university’s cash and cash equivalence of $100.1 million was comprised solely of cash in the bank. $56.6 million in net remeasurement gains, unrealized Cont’d p. 4 / change
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July 17, 2024
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VOL. 111, NO. 02