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): Communities in Western Canada are economically viable

Summary of Results Achieved by the Recipient: During fiscal 2009-10, the Board completed payout of the Elders component of the parallel agreement with the province. The Board also continued building Board capacity through providing governance training for its members, and developing a policy framework to guide its operations. The Minister appointed two ex-officio members for WD in August 2009. The Board hired a part time Chief Executive Officer (CEO). The board has continued to develop its policies and programming for future community development projects and accepted various applications which are now under review.

Program Activity:
($ millions)

Actual Spending 2007-08	Actual Spending 2008-09	Planned Spending 2009-10	Total Authorities 2009-10	Actual Spending 2009-10	Variance(s)
$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Comments on Variance(s): Not applicable

Significant Evaluation findings by the recipient during the reporting year and future plan:
WD agreement requires that an evaluation be completed by March 2012.

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.