Preserving and Promoting Western Heritage and Values
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Preserving and Promoting Western Heritage and Values
The Calgary Exhibition & Stampede
is a volunteer supported, not-for-profit organization
that preserves and promotes western heritage
and values.
Our organization began as an agricultural fair
in 1886, but continues to grow and evolve in step
with Calgary.
TABLE OF CONTENTS
Organizational Highlights 01
Financial Report 07
Consolidated Financial Statements 10
Stampede Leadership 24
Our Volunteers 26
Full-time Staff 40
Sponsors 42
2005 Calgary Stampede Event Champions 451
ORGANIZATIONAL HIGHLIGHTS
The Calgary Exhibition & Stampede had a remarkable 2005. It was a year of special
celebration and significant achievement, a year of embracing the past while pushing
ahead toward a bold, new future. Our entire organization – from the 2,200 volunteers
and 1,600 employees, to our many sponsors and community partners – should look
back with pride, and look ahead with excitement.
A MEMORABLE CENTENNIAL
With the history of the Stampede so
entwined with the history of Alberta,
it was natural for our organization to
embrace the province’s Centennial
with a full year of initiatives that
celebrated western heritage and
values. Among our many Centennial
highlights, we:
established the Calgary Stampede
Western Legacy Awards that
honoured Dr. Frits Pannekoek,
Ryan Perez, and Roy and
Lenore McLean for their unique
contributions to our heritage;
conducted a youth essay contest
that saw Alyssa Wheeler, Meredith
Pritchard and Beth Anna Heslop
each earn a place at the front of the
2005 Stampede Parade;
unveiled a permanent display at
the Calgary International Airport,
featuring a stunning sculptural
display that evokes the spirit of
the west;
launched a digital archives project,
in partnership with the University
of Calgary, that provides online
access to the Stampede’s collection
STEVE ALLAN, Chairman of the Board & President (standing) of artifacts;
VERN KIMBALL, Chief Operating Officer2
ORGANIZATIONAL HIGHLIGHTS
built the first of five houses for Habitat for Humanity in the spirit of neighbours helping
neighbours, thanks to the hard work of hundreds of volunteers and staff, and the
contributions of many community partners;
celebrated our long-standing partnership with the Treaty Seven First Nations through
enhanced pageantry and programming at the 2005 Calgary Stampede; and,
published a beautiful coffee table book, entitled Celebrating the Calgary Exhibition
& Stampede: The Story of the Greatest Outdoor Show on Earth.
The Centennial edition of the annual Calgary Stampede
more than lived up to its worldwide reputation as the
Greatest Outdoor Show on Earth.
The Calgary Stampede Trail 2005 provided wranglers with a unique opportunity to relive
history by trailing horses from Stampede Ranch, near Hanna, to Stampede Park. This
otherwise spectacular experience concluded in an unfortunate incident near the end of the
ride that resulted in the deaths of nine horses. A thorough internal review concluded that
it was a tragic accident. Although the Stampede has no plans for another trail ride, our
board of directors has accepted the review committee’s recommendation that we should not
complete any future trail rides through the city of Calgary in the same manner.
THE BEST STAMPEDE EVER
The Centennial edition of the annual Calgary Stampede more than lived up to its worldwide
reputation as the Greatest Outdoor Show on Earth.
Certainly a record number of visitors – more than 1.2 million from around the globe
– enjoyed an unprecedented line-up of attractions. This included the world’s premiere
rodeo and chuckwagon races, some of the world’s top entertainers, unparalleled pageantry
throughout Stampede Park, spectacular stage show and fireworks, international agriculture
competitions, $1 million in free entertainment, and an enhanced midway.
The excitement began in June with a group of Stampede cowboys and cowgirls riding down
Wall Street to the New York Stock Exchange, launching our international media conference
– broadcast live to the world via the Internet. Of course, the real start of the Calgary
Stampede was on July 8 when parade marshals the Honourable Ralph Klein Premier of
Alberta and His Honour the Honourable Norman Kwong Lieutenant Governor of Alberta
led the Stampede Parade past a record crowd of 400,000 along the streets of downtown
Calgary (and seen by millions more nationally via television coverage).3
ORGANIZATIONAL HIGHLIGHTS
Distinctive among the world’s great festivals, the fun spilled across the city into virtually
every neighbourhood and workplace, creating a community-wide celebration. And as
always, our Stampede volunteers were busy fanning the flames of public enthusiasm and
involvement. Thanks to the support of a generous community leader, we recaptured the
spirit of Stampede founder Guy Weadick’s famous efforts to encourage citizens to dress
western. Through our Get Your Head in a Hat campaign, volunteers gave away 14,000
cowboy hats and 100,000 prizes to promote pride and participation.
The heart of the action was at Stampede Park. Our efforts to offer “something for everyone”
– from Western Showcase to Indian Village, from Ag-tivity in the City to the exciting
midway – attracted more visitors than ever. This also resulted in a record number of
Stampede Rodeo tickets sold and an unprecedented 10 sell-outs of the GMC Rangeland
Derby and Grandstand Show package.
Our diverse agricultural programs continue to connect young
people to their agricultural heritage, introduce producers
to consumers, and serve as a bridge between rural
and urban communities.
Thanks to our new Stampede Entertainment Inc. (SEI) partnership with White Iron
Productions, we brought some of the world’s top entertainers to the 2005 Calgary
Stampede, including Tim McGraw, Brad Paisley and Michael W. Smith. SEI also produced
the subsequent national television special, A Day Inside: The Calgary Stampede, which was
later nominated for a Gemini Award.
By virtually every measure, the 2005 Calgary Stampede was an outstanding success:
the level of community involvement, on-Park attendance, a record chuckwagon canvas
auction, entertainment sell-outs, overall customer satisfaction ratings, and the smiles on
everyone’s faces.
Every year we endeavour to improve the annual Calgary Stampede and this year will be
no different. In 2006 we’re introducing an exciting new format for the Stampede Rodeo,
enhancements for the GMC Rangeland Derby, and a new level of big name entertainment.
REINFORCING OUR ROOTS
Agriculture has been the backbone of the Calgary Exhibition & Stampede since our
formation in 1886 as the Calgary Agricultural Society. Our diverse agricultural programs
continue to connect young people to their agricultural heritage, introduce producers to
consumers, and serve as a bridge between rural and urban communities.4
ORGANIZATIONAL HIGHLIGHTS
Among the more than 60 programs spread across 100 days last year was Aggie Days. This
popular program featured dozens of key industry exhibitors and provided thousands of
students and families with a hands-on opportunity to learn about agriculture. In addition,
the innovative presentation of displays, shows and competitions at the Calgary Stampede
were honoured with the International Association of Fairs and Exposition’s 2005 Best of
Show – Agriculture Award for fairs that host over one million visitors. This is a wonderful
testament to the efforts of our staff and volunteers.
Like the industry itself, our agriculture programming continues to evolve. Looking to
the future, our plans include a new agriculture arena complex, and a fresh approach to
programming to be developed by our agricultural staff, volunteer committees and industry
partners. For example, we expect to significantly expand our innovative Calgary Campus
partnership with Olds College to distribute agriculture learning across all 193 acres of
Stampede Park.
OUR CONTRIBUTION IS 365
DAYS STRONG
Stampede Park is the gathering
place for Calgary, welcoming
over four million visitors each
year. Stampede Park hosts more
than 1,300 events ranging from
commerce, trade, sports and
entertainment, celebration and
learning, aside from the many
activities held at the Pengrowth
Saddledome. Although our
biggest connection to the
community remains the
Calgary Stampede each July,
we are working hard to attract
Calgarians and visitors every day
of the year.
In 2005, the Calgary Exhibition
& Stampede was honoured
with the Consumers Choice
Award for business excellence
in the Banquet/Reception Hall
category. This award is a tribute
to our employees’ dedication to
A gathering place for Calgary and the world: the proposed 2020 full build- delivering outstanding customer
out for Stampede Park expansion and development. service. Our hospitality also5
ORGANIZATIONAL HIGHLIGHTS
won universal praise following the May luncheon at which Premier Ralph Klein hosted
Her Majesty Queen Elizabeth II, along with His Royal Highness The Duke of Edinburgh
and 600 other special guests.
The success of many of our year-round activities, such as Sales, Facilities & Event Services,
Food & Beverage, Stampede Racing and Stampede Casino, provide a vital source of revenue
that we put right back into the community. Stampede Casino, for example, is the only not-
for-profit casino in Calgary: all revenue goes either to the 173 participating community
charities or into Stampede programming and facilities.
These revenues enable the Calgary Exhibition & Stampede, as one of Canada’s most
respected not-for-profit organizations, to contribute to the community 365 days a year
through our facilities and programs.
Our accomplishments in 2005 have created momentum
that will drive us to even greater success in 2006.
In 2005, this meant we were able to invest more than $1.5 million into youth development
programs, such as the Stampede Showband and the Young Canadians of the Calgary
Stampede, and $1.5 million into agricultural programs, such as 4-H on Parade and
Aggie Days.
We also spent a total of $16.1 million on capital assets, including:
completed land acquisition to allow the redevelopment and expansion of the Park;
began preparatory work on the new agriculture complex;
created new, more welcoming entrances for the Calgary Stampede festival;
enhanced the competitiveness of the Stampede Casino by renovating the casino, opening
the Mavericks Dining Room & Lounge and introducing a poker room; and,
began the design and planning for the new bigger, better casino.
BUILDING FOR THE FUTURE
We were able to make these investments because of our strong financial performance
in 2005. Overall revenues increased 12 per cent to $97 million from $86.7 million
in 2004.
The growth in revenues came primarily from a 15 per cent or $5.7 million increase in
revenues from the Calgary Stampede; a $2.2 million increase in food and beverage; and
an increase of $2.4 million in revenues from other year-around operations. In addition, we
were exceptionally pleased that the Government of Alberta increased its annual operating
support to $10 million in 2005 from $7 million in 2004.6
ORGANIZATIONAL HIGHLIGHTS
In addition to increasing our annual operating grant, the Government of Alberta contributed
to the Stampede in two important ways in 2005:
presenting the first instalment of a 10-year grant of $250,000 from the Alberta
Lottery Fund to allow us to enhance our visitors’ experience at the annual Calgary
Stampede; and,
awarding a $35 million Centennial grant that will be used to expand the Roundup
Centre.
The Calgary Exhibition & Stampede has a bold and exciting vision for the future, and in
2005 we made great strides to turn our vision into reality.
We have now completed the acquisition of all properties within the expansion zone,
received municipal approval to increase our borrowing capacity and received municipal
land-use approval. In short, we have the land, the funding and a solid plan. We are ready to
go and construction will start this spring. We will invest nearly $200 million over the next
five years, kick-starting the revitalization of Stampede Park as a gathering place for Calgary
and southern Alberta.
IN THANKS...
We would like to express a sincere thank you to our sponsors and partners for their
participation and support, and to our shareholders, volunteers and employees for their
contributions and hard work. As well, all southern Albertans are to be recognized for their
participation and encouragement in our Centennial events!
Our accomplishments in 2005 have created momentum that will drive us to even greater
success in 2006. We have a dynamic team of management, staff and volunteers who
consistently turn dreams into reality. Our premiere facilities, services and programs exceed
the expectations of our customers and patrons. And we have a solid plan that will guide us
into the future.
The Stampede is far more than just another tourist attraction, and it’s worth more to
Alberta than the $345 million in economic value it generates each year. The Stampede
has a special place in the heart of our Alberta community. For over 100 years, we have
preserved and promoted our unique western heritage and values, and with our community’s
continued support we will realize our ambitious plans to enhance our place as a destination
for Calgarians and visitors from Alberta, Canada – and indeed, the world.
Sincerely,
Steve Allan Vern Kimball
Chairman of the Board & President Chief Operating Officer7
MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING
The preparation and presentation of the consolidated financial statements and
the overall quality of financial reporting are the responsibility of management
of Calgary Exhibition and Stampede Limited. The consolidated financial statements have
been prepared in accordance with Canadian generally accepted accounting principles and
necessarily include estimates that are based on management’s best judgments. Information
contained elsewhere in the 2005 Report to the Community is consistent, where applicable,
with that contained in the consolidated financial statements.
Management is responsible for installing and maintaining a system of internal controls
to provide reasonable assurance that assets are safeguarded and that reliable financial
information is produced for preparation of consolidated financial statements. Management
believes that the system of internal controls operated effectively in 2005.
Vern Kimball Paul Harrison
Chief Operating Officer Chief Financial Officer
January 20, 20068 AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS The board of directors is responsible for overseeing management’s performance of its responsibilities for financial reporting and internal control. The board exercises this responsibility with the assistance of the Audit and Finance committee of the board. The Audit and Finance committee is composed of not fewer than five (currently eight) members, at least three (currently five) of whom are directors of Calgary Exhibition and Stampede Limited. The committee reviews the annual consolidated financial statements, considers the appropriateness of accounting policies and assesses the overall quality of the financial reporting. The committee also reviews and makes recommendations to the board regarding financial matters and oversees the process that management has in place to identify business risks. The committee recommends to the board the auditors to be appointed by the shareholders and approves in advance fees for the auditors’ services. Deloitte & Touche LLP was appointed by the shareholders as independent auditors in 2005 to conduct an examination and express their opinion on the consolidated financial statements. The Auditors’ Report outlines the auditors’ opinion and the scope of their examination. The services provided by the independent auditors are restricted to the audit of the consolidated financial statements and audit-related services. The committee reviews and approves the terms of engagement of the independent auditors, the scope and plan for the external audit and reviews with the auditors the results of the audit and the Auditors’ Report. The auditors report to the committee. The committee also discusses with the auditors their independence from management and Calgary Exhibition and Stampede Limited and receives written confirmation of their independence. Management and auditors attend committee meetings and each is provided with the opportu- nity to meet privately with the committee. The committee met nine times in 2005. Chris LeGeyt Chair of the Audit and Finance Committee January 20, 2006
9
AUDITORS’ REPORT TO THE SHAREHOLDERS
We have audited the consolidated statement of financial position of Calgary Exhibition and
Stampede Limited as at December 31, 2005, and the consolidated statements of operations,
changes in net assets and cash flows for the year then ended. These financial statements are
the responsibility of the organization’s management. Our responsibility is to express an
opinion on these financial statements based on our audit.
We conducted our audit in accordance with Canadian generally accepted auditing
standards. Those standards require that we plan and perform our audit to obtain reasonable
assurance whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial
statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects,
the financial position of Calgary Exhibition and Stampede Limited as at December 31, 2005,
and the results of its operations and its cash flows for the year then ended in accordance
with Canadian generally accepted accounting principles.
Deloitte & Touche LLP
Calgary, Canada
January 20, 200610
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
2005 2004
ASSETS
Current assets
Cash and short-term deposits $ 2,391 $ 1,634
Accounts receivable 6,368 4,838
Inventories 1,238 1,405
Prepaid expenses 771 610
10,768 8,487
Employee future benefits (Note 2) 2,628 1,813
Capital assets (Note 3) 112,693 103,520
$126,089 $ 113,820
LIABILITIES, SHARE CAPITAL AND NET ASSETS
Current liabilities
Bank indebtedness (Note 4) $ 11,003 $ 4,482
Accounts payable and accrued liabilities 8,071 6,356
Advances on future events 4,486 3,116
Deferred operating grant revenue – 1,750
Current portion of long-term debt (Note 5) 840 794
24,400 16,498
Long-term debt (Note 5) 25,458 26,298
Deferred contributions (Note 6) 13,388 13,312
63,246 56,108
Share capital
Authorized: 20,000 shares of no par value
Issued and outstanding: 1,538 (2004 – 1,452) 8 7
Net assets
Investment in capital assets 73,007 63,116
Accumulated operating deficiency (10,172) (5,411)
62,835 57,705
Contingency (Note 11)
$126,089 $ 113,820
See accompanying notes
On behalf of the board:
Steve Allan, Director Chris LeGeyt, Director11
CONSOLIDATED STATEMENT OF OPERATIONS
Year ended December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
Gross Revenue Direct Expenses
2005 2004 2005 2004 2005 2004
OPERATIONS
Stampede $ 43,264 $ 37,591 $ 32,539 $ 27,954 $ 10,725 $ 9,637
Facilities 11,781 11,630 8,455 8,136 3,326 3,494
Food and beverage 18,106 15,914 14,936 13,253 3,170 2,661
Horse racing (Note 7) 14,578 13,532 12,046 12,172 2,532 1,360
Agricultural activities 814 857 1,867 1,656 (1,053) (799)
Other activities 8,412 7,170 9,356 7,681 (944) (511)
$ 96,955 $ 86,694 $ 79,199 $ 70,852 17,756 15,842
INDIRECT EXPENSES
Administration, marketing and park and property services 13,286 12,474
Interest and other 1,721 1,769
Employee future benefits (Note 2) 1,111 846
16,118 15,089
Income before amortization and Provincial Government assistance 1,638 753
Amortization of capital assets 6,903 6,465
Amortization of deferred contributions (Note 6) (793) (737)
6,110 5,728
Loss before Provincial Government assistance (4,472) (4,975)
Provincial Government assistance (Note 8) 9,602 7,100
Net operating income $ 5,130 $ 2,125
See accompanying notes12
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
Year ended December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
Accumulated
Investment in Operating
Capital Assets Deficiency 2005 2004
Balance, beginning of year $ 63,116 $ (5,411) $ 57,705 $ 55,580
Net operating income (6,110) 11,240 5,130 2,125
Net additions to capital assets 15,207 (15,207) – –
Repayment of long-term debt 794 (794) – –
Balance, end of year $ 73,007 $(10,172) $ 62,835 $ 57,705
See accompanying notes13
CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
2005 2004
OPERATING ACTIVITIES
Net operating income $ 5,130 $ 2,125
Items not affecting cash:
Amortization of capital assets and deferred contributions 6,110 5,728
Employee future benefits expense 1,111 846
12,351 8,699
Net change in non-cash working capital (189) (1,305)
Employee future benefits contributions (1,926) (1,791)
Cash provided from operating activities 10,236 5,603
FINANCING AND INVESTING ACTIVITIES
Acquisition of capital assets 16,076 5,538
Additional deferred contributions (869) (759)
15,207 4,779
Change in bank indebtedness (6,521) (15)
Repayment of long-term debt 794 749
Proceeds from issuance of share capital (1) –
Cash used in financing and investing activities 9,479 5,513
Change in cash and short-term deposits 757 90
Cash and short-term deposits, beginning of year 1,634 1,544
Cash and short-term deposits, end of year $ 2,391 $ 1,634
See accompanying notes14
NOTES
AUDITORS’
TO CONSOLIDATED
REPORT TO FINANCIAL
THE SHAREHOLDERS
STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
PURPOSE OF THE ORGANIZATION:
The basic purpose of the Calgary Exhibition & Stampede (“the Stampede”) is to preserve and
promote western heritage and values. The Stampede is incorporated under the Companies
Act of Alberta as a not-for-profit organization and is exempt from income taxes under
the Canadian Income Tax Act. The directors of the Stampede are elected or appointed
volunteers who cannot be paid in any form for their services under the by-laws of the
organization. The shareholders of the Stampede, who are also volunteers, cannot receive any
dividends, nor can the shares appreciate in value. Shares cannot be sold or held by persons
outside of the province of Alberta nor in the estates of deceased shareholders.
1. SIGNIFICANT ACCOUNTING POLICIES:
The financial statements of the Stampede have been prepared by management in accordance
with Canadian generally accepted accounting principles for not-for-profit organizations. A
precise determination of many assets and liabilities is dependent upon future events and,
consequently, the preparation of periodic financial statements necessarily involves the use of
estimates and approximations. Those estimates also affect the disclosure of contingencies at
the date of the financial statements and the reported amounts of assets, liabilities, revenues
and expenses. Actual results could differ from those estimates. The financial statements have,
in management’s opinion, been properly prepared within reasonable limits of materiality
and within the framework of the accounting policies summarized below.
(A) BASIS OF PRESENTATION:
The consolidated financial statements include the accounts of the Stampede and its wholly
owned subsidiary, Weadick Properties Limited (“Weadick”). The basic purpose of Weadick
is to acquire lands for future Stampede expansion and development purposes. Weadick is
incorporated under the Alberta Business Corporations Act as a not-for-profit organization
and is exempt from income taxes under the Canadian Income Tax Act.
The Stampede also controls the Calgary Stampede Foundation (“the Foundation”), due to
the Stampede’s ability to appoint the majority of the board of directors of the Foundation.
The Stampede has elected to disclose all pertinent financial information of the Foundation
in the notes to the consolidated financial statements and accordingly, the Foundation’s
financial accounts have not been consolidated with those of the Stampede. The Foundation
has the primary objective of establishing programs for the benefit of young residents of
southern Alberta to advance their knowledge and understanding of the history, heritage,
traditions and culture of Alberta. The Foundation is incorporated under the Companies Act
of the Province of Alberta as a not-for-profit organization and is a registered charity under
the Canadian Income Tax Act and accordingly is not subject to income taxes.
(B) CASH AND SHORT-TERM DEPOSITS:
Cash and short-term deposits comprise cash on hand, demand deposits, deposits held in
trust, bankers’ acceptances and commercial paper having a maturity of three months or less
from the date of purchase and are recorded at cost, which approximates market value.15
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
(C) INVENTORIES:
Inventories held for resale are valued at the lower of cost and net realizable value. Supplies
are valued at the lower of cost and replacement cost.
(D) EMPLOYEE FUTURE BENEFITS:
The Stampede has a number of defined benefit pension plans as well as a defined contribution
pension plan that provide pension benefits to most of its employees. The defined benefit
pension plans are based on years of service and final average salary. Pension benefit payments
are not automatically increased for inflation.
The cost of pension benefits earned by employees is actuarially determined using the
projected benefit method prorated on service and management’s best estimate of expected
plan investment performance, salary escalation and retirement ages of employees. Plan
obligations are discounted using current market interest rates and plan assets are presented
at fair value.
Actuarial gains (losses) arise from the difference between the actual long-term rate of return
and the expected rate of return on plan assets, the difference between actual experience and
actuarial assumptions used to determine the accrued benefit obligation, and from changes
in the actuarial assumptions. The excess of the net accumulated actuarial gain (loss) over 10
per cent of the greater of the benefit obligation and the fair value of plan assets is amortized
over the average remaining service period (2005 and 2004 – 13 years) of active employees
for the applicable pension plan.
The Stampede is amortizing a transitional asset on a straight-line basis over 13 years for one
of its plans and is amortizing a transitional obligation over 10 years for another of its plans,
which represented the average remaining service period of the active employees for each
applicable plan at the 2001 transition date.
(E) CAPITAL ASSETS AND AMORTIZATION:
Buildings and equipment are stated at cost less accumulated amortization. Major overhauls
and improvements are capitalized, while normal repairs and maintenance are expensed as
incurred. Amortization is provided on a straight-line basis at rates designed to amortize the
assets over their estimated useful lives.
Title to the land on which Stampede Park is located is vested in The City of Calgary and
is used by the Stampede under a long-term lease (“the Ground Lease Lands”) expiring in
the year 2010. Negotiations with The City of Calgary are currently underway to renew the
lease. Certain other lands owned either directly or beneficially by the Stampede are stated at
cost and are held for future Stampede expansion and development purposes.
(F) IMPAIRMENT OF LONG-LIVED ASSETS:
Long-lived assets are tested for recoverability whenever events or changes in circumstances
indicate that their carrying amount may not be fully recoverable. An impairment loss is
recognized when and to the extent that the carrying value of an asset exceeds the total
undiscounted cash flows expected from its use and eventual disposition.16
NOTES
AUDITORS’
TO CONSOLIDATED
REPORT TO FINANCIAL
THE SHAREHOLDERS
STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
(G) ADVANCES ON FUTURE EVENTS:
Advances on future events represent funds received in advance for events including the
Stampede festival, conventions and trade shows, and facilities, building and ice rentals.
Revenue for such events is recognized in income in the period in which the event takes
place.
(H) INTEREST RATE SWAP:
An interest rate swap (“swap”) is utilized to manage interest rate risk on the Stampede’s
long-term debt. The Stampede does not enter into financial instruments for trading or
speculative purposes and has not undertaken any similar financial transactions to date. The
Stampede believes the swap is effective as a hedge, both at inception and over the term of
the instrument, as the term to maturity, the (notional) principal amount and the interest
rate basis in the instrument all match the terms of the debt instrument being hedged. The
swap agreement involves the periodic exchange of payments (without the exchange of the
notional principal amount upon which the payments are based), which are recorded as an
adjustment of interest expense on the hedged debt instrument. The related amount payable
to or receivable from counterparties is included as an adjustment to accrued interest.
(I) GRANTS AND CONTRIBUTIONS:
The Stampede follows the deferral method of accounting for grants and contributions.
Unrestricted contributions are recognized as income when received or receivable. Amounts
externally restricted for capital purposes are recorded as “Deferred Contributions” when
received or receivable and included in income in the same proportion as the amortization
of the related assets for which the capital contributions were expended. Amounts that relate
to operating expenditures of a future period are deferred until the related expenditures are
incurred.
(J) DONATED SERVICES:
A substantial number of unpaid volunteers make significant contributions of their time
in developing and delivering Stampede programs. The value of this contributed time is
not reflected in the financial statements since objective measurement or valuation is
indeterminable.
(K) COMPARATIVE INFORMATION:
Certain comparative financial information has been reclassified to conform to the financial
statement presentation adopted in 2005.
2. EMPLOYEE FUTURE BENEFITS:
The Stampede has a number of defined benefit pension plans as well as a defined contribution
pension plan. In 2005, the Stampede made cash payments to its pension plans for employee
future benefits amounting to $2.1 million (2004 – $2.0 million).17
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
(A) DEFINED BENEFIT PENSION PLANS:
Actuarial valuations of the Stampede’s defined benefit pension plans were carried out as at
September 30, 2005, and were then extrapolated to December 31, 2005. The next actuarial
valuation of the Stampede’s defined benefit pension plans is required to be completed by
September 30, 2008.
Information concerning the Stampede’s defined benefit pension plans, in aggregate, is
as follows:
2005 2004
Accrued benefit obligation
Balance, beginning of year $ 24,600 $ 20,777
Current service cost 1,581 1,365
Plan amendments 293 –
Interest cost 1,540 1,415
Benefits paid (1,048) (740)
Actuarial loss 3,385 1,783
Balance, end of year 30,351 24,600
Plan assets
Fair value, beginning of year 25,521 22,058
Annual return on plan assets 3,418 2,412
Employer contributions 1,926 1,791
Benefits paid (1,048) (740)
Fair value, end of year 29,817 25,521
Funded status – plan (deficit) surplus (534) 921
Unrecognized past service cost 293 –
Unrecognized net actuarial loss 5,246 3,552
Unrecognized transitional asset (2,377) (2,660)
Accrued benefit asset $ 2,628 $ 1,813
The significant actuarial assumptions adopted in measuring the Stampede’s accrued benefit
obligations at December 31 each year are as follows (weighted average assumptions):
2005 2004
Accrued benefit obligation:
Discount rate 5.20% 6.00%
Defined benefit costs:
Discount rate 6.00% 6.50%
Expected long-term rate of return on plan assets 7.07% 7.55%
Rate of compensation increase 4.50% 4.50%18
NOTES
AUDITORS’
TO CONSOLIDATED
REPORT TO FINANCIAL
THE SHAREHOLDERS
STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
The asset mix of plan assets at September 30 each year consist of:
2005 2004
Asset category:
Balanced mutual fund 12.00% 11.00%
Equity securities 54.00% 55.00%
Debt securities 33.00% 32.00%
Other 1.00% 2.00%
The Stampede’s defined benefit costs recognized in the year are as follows:
2005 2004
Current service cost $ 1,581 $ 1,365
Interest cost 1,540 1,415
Actual return on plan assets (3,418) (2,412)
Actuarial loss on accrued benefits 3,385 1,783
Plan amendments 293 –
3,381 2,151
Difference between expected return and actual return on
plan assets for year 1,586 706
Difference between actuarial gain recognized for year and
actual gain on accrued benefit obligation for year (3,280) (1,728)
Difference between amortization of past service costs for
year and actual plan amendments for year (293) –
Amortization of transitional asset (283) (283)
Defined benefit costs $ 1,111 $ 846
(B) DEFINED CONTRIBUTION PENSION PLAN
The Stampede’s defined contribution pension plan expense for 2005 was $190,000
(2004 – $181,000).
3. CAPITAL ASSETS:
2005 2004
Accumulated Net Book Accumulated Net Book
Cost Amortization Value Cost Amortization Value
Land $ 38,209 $ – $ 38,209 $ 28,059 $ – $ 28,059
Building & Leasehold
Improvements 146,383 79,392 66,991 144,626 76,008 68,618
Equipment 21,368 13,875 7,493 20,308 13,465 6,843
$ 205,960 $ 93,267 $ 112,963 $ 192,993 $ 89,473 $ 103,520
Amortization Rate (%): 2.5 to 20.0 (Building & Leasehold Improvements), 10.0 to 33.3 (Equipment)19
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
As at December 31, 2005, the Stampede, through The City of Calgary, had initiated the
expropriation of the remaining 23 properties in Victoria Park that are required for planned
Stampede expansion. The final purchase price of these properties will not be determined
until expropriation compensation hearings have concluded.
4. BANK INDEBTEDNESS:
Bank indebtedness at December 31 is comprised of the following:
2005 2004
Revolving demand operating loan $ 4,086 $ 507
Revolving demand credit facility 6,917 3,975
$ 11,003 $ 4,482
(A) REVOLVING DEMAND OPERATING LOAN:
The revolving demand operating loan facility, available to a maximum $12.5 million, bears
interest at the bank’s prime interest rate. As security, a Canadian chartered bank holds a
demand debenture in the amount of $40.0 million as well as a first floating charge over all
assets, which are subordinated to the security held by The City of Calgary, as disclosed in
Notes 4(b) and 5(a).
(B) REVOLVING DEMAND CREDIT FACILITY:
The revolving demand credit facility, available to a maximum $30.0 million, bears interest
at bankers’ acceptance rates of 3.43% plus 0.30% and matures on March 31, 2006. As
security, The City of Calgary, as unconditional guarantor, holds a fixed debenture in the
amount of $60.0 million charging the Ground Lease Lands, all improvements and any
additional lands purchased by the Stampede from the proceeds of the credit facilities
described herein and in Note 5(a).
5. LONG-TERM DEBT:
2005 2004
Committed non-revolving credit facility maturing in 2024 $ 26,298 $ 27,092
Less principal due within one year 840 794
$ 25,458 $ 26,298
(A) COMMITTED NON-REVOLVING CREDIT FACILITY:
The committed non-revolving credit facility with a Canadian chartered bank (original
credit facility limit of $30.0 million) bears interest at bankers’ acceptance rates (3.56%
at December 31, 2005) plus 0.30% and is guaranteed by The City of Calgary for an
additional cost of 0.02%. As security, The City of Calgary, as unconditional guarantor,
holds a fixed debenture in the amount of $60.0 million charging the Ground Lease Lands,
all improvements and any additional lands purchased by the Stampede from the proceeds
of the credit facilities described herein and in Note 4(b).20
NOTES
AUDITORS’
TO CONSOLIDATED
REPORT TO FINANCIAL
THE SHAREHOLDERS
STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
(B) INTEREST RATE CONTRACT:
The Stampede has entered into an interest rate swap agreement with a Canadian chartered
bank under which the Stampede has fixed interest payments on its committed non-revolving
credit facility at 6.23% per annum to March 22, 2024. The fair market value of the interest
rate swap at December 31, 2005, which has been estimated using year-end market rates,
would result in a loss of $3.0 million (2004 – loss of $2.3 million), and approximates the
amount that the Stampede would pay if the swap agreement was closed out at that date.
(C) PRINCIPAL REPAYMENTS:
The amount of principal repayable in each of the next five years and thereafter is as follows:
2006 $ 840
2007 890
2008 942
2009 998
2010 1,057
Thereafter 21,571
$ 26,298
6. DEFERRED CONTRIBUTIONS:
The Stampede receives capital contributions from the Province of Alberta and other sources
to assist in the financing of capital asset acquisitions. Details of deferred contributions are
as follows:
2005 2004
Balance, beginning of year $ 13,312 $ 13,290
Additional contributions 869 759
Amortization (793) (737)
Balance, end of year $ 13,388 $ 13,312
Consisting of:
Unamortized capital contributions used to acquire capital assets $ 13,085 $ 12,986
Unspent contributions 303 326
$ 13,388 $ 13,312
7. HORSE RACING:
In order to accommodate its expansion plans, the Stampede will exit its horse racing
operation no later than June 30, 2007. The results of operations associated with horse
racing are as follows:
2005 2004
Operating revenue $ 10,066 $ 9,258
Racing discretionary grant 482 588
Slot revenue supplement 4,030 3,686
14,578 13,532
Operating expense 12,046 12,172
Operating income $ 2,532 $ 1,36021
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
The Stampede receives, through Horse Racing Alberta, a discretionary grant of 0.95% of
the gross handle from horse racing operations and a slot revenue supplement based on
18.33% of computer gaming terminal proceeds generated by Stampede Casino. Both the
racing discretionary grant and the slot revenue supplement will cease at the exit date.
8. PROVINCIAL GOVERNMENT ASSISTANCE:
The Stampede receives funding from the Government of Alberta through the Alberta
Lottery Fund as follows:
(A) OPERATING GRANT:
The Stampede receives general purpose funding from the Alberta Lottery Fund in accordance
with the terms of an agreement with the minister responsible for the Department of
Gaming and the Alberta Lottery Fund. The funding is unencumbered and is subject to the
availability of lottery funds in the annual Alberta Lottery Fund Estimates. Effective April
1, 2005, the Stampede’s Operating Grant was increased from $7.0 million per annum to
$10.0 million per annum.
(B) STAMPEDE GRANT:
Effective April 1, 2005, the Stampede receives funding from the Alberta Lottery Fund
of $250,000 per annum in support of the annual Calgary Stampede festival. The grant,
together with all interest earned, is required to be maintained in a segregated bank account
and has a 10-year term expiring in 2014.
(C) AGRICULTURE GRANT:
As a “Class A” fair, the Stampede receives an annual operating grant to support agriculture
programs.
Provincial government assistance recognized in income is as follows:
2005 2004
Operating grant $ 9,250 $ 7,000
Stampede grant 252 –
Agriculture grant 100 100
$ 9,602 $ 7,100
9. FINANCIAL INSTRUMENTS:
The Stampede’s financial instruments include cash and short-term deposits, accounts
receivable, bank indebtedness, accounts payable and accrued liabilities, deferred operating
grant revenue, long-term debt, and an interest rate swap.
(A) FAIR VALUES OF FINANCIAL ASSETS AND LIABILITIES:
The fair values of financial instruments, excluding long-term debt and the swap, approximate
their carrying amount due to the short-term maturity of these instruments. The fair value of
long-term debt approximates carrying value given its underlying floating interest rate and
the fair value of the associated swap is disclosed in Note 5(b).22
NOTES
AUDITORS’
TO CONSOLIDATED
REPORT TO FINANCIAL
THE SHAREHOLDERS
STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
(B) CREDIT RISK:
The Stampede’s accounts receivable are due from a diverse group of customers and are
subject to normal credit risks.
(C) INTEREST RATE RISK:
The Stampede has entered into a swap transaction, as disclosed in Note 5(b), to manage
exposure to interest rate increases on floating rate debt.
10. CALGARY STAMPEDE FOUNDATION:
The Foundation’s financial accounts have not been consolidated in the Stampede’s financial
statements. The Foundation uses fund accounting and follows the restricted fund method
of accounting for contributions. The Foundation’s funds include the General, Designated
Youth, Designated Endowment and Undesignated Endowment funds. The Foundation’s
investments are held by The Calgary Foundation and are pooled investments in stocks,
bonds and debentures and are recorded at cost. Dividends, interest and realized capital
gains and losses are included in revenue. To preserve the initial capital base of donations
contributed to the endowment funds, an annual investment retention allowance, based on
the rate of inflation, is determined and retained.
Financial summaries of the Foundation as at December 31, 2005 and 2004 and for the
years then ended are as follows (the Foundation does not present a Statement of Changes in
Cash Flow as it would provide no additional meaningful information):
FINANCIAL POSITION
2005 2004
Total assets $ 7,795 $ 7,360
Total liabilities $ 199 $ 124
Total net assets 7,596 7,236
$ 7,795 $ 7,360
In accordance with donor-imposed restrictions: $176,000 (2004 – $305,000) of the
Foundation’s net assets must be distributed to designated youth programs specified by
the donor; $254,000 (2004 – $237,000) of the Foundation’s net assets must be held in
perpetuity or for a period of not less than 10 years, the income from which is to be used
for the benefit of specified activities; and $374,000 (2004 – $373,000) of the Foundation’s
net assets are subject to donor imposed restrictions that they be held in perpetuity or for
a period of not less than 10 years with no direction respecting the specific use of income
earned or from the ultimate disposition of the invested capital.23
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2005, with comparative figures for 2004 (in thousands of dollars)
RESULTS OF OPERATIONS
2005 2004
Total revenue $ 939 $ 6,456
Total expenditures 585 357
Excess of revenue over expenses $ 354 $ 6,099
During 2004 the Foundation received a gift of $5.9 million from the Nat Christie
Foundation. In accepting this gift, the Foundation was obliged to reserve a portion of the
funds for the future development of a significant capital project at Stampede Park. The
remainder of the gift will be used to support the Foundation’s ongoing charitable activities.
All expenditures pertaining to this gift, including approval of the capital project, are subject
to approval by the Foundation’s board of directors.
11. CONTINGENCY:
The Stampede has been named as one of the defendants in a suit claiming $91.6 million.
Management and legal counsel are of the opinion that the Stampede has a good defense
based on the merits of the case and it is management’s view that the outcome of this action
will not have a material adverse affect on the financial position or operating results of the
Stampede. Accordingly, no provision has been made in the financial statements.
12. SUBSEQUENT EVENT:
In recognition of the 2005 Alberta Centennial, the Stampede is entitled to receive a capital
grant of $35.0 million from the Government of Alberta under the terms of an agreement
entered into on January 17, 2006. The funds are restricted to expand the Roundup Centre
facility and are required to be maintained in a segregated bank account with all interest
earned accruing to the grant. If for any reason the capital grant, including interest earned,
is not fully expended by December 31, 2009, the Stampede will be required to return the
remaining funds to the Government of Alberta.24
STAMPEDE LEADERSHIP
2005 OFFICERS
Allan, J.S. (Steve)
Chairman & President
Wilson, J.D. (Don)
Immed. Past President
Brookman, G.H. (George)
Vice-Chairman
Chalack, D.A. (David)
Vice-Chairman
Kimball, Vern
Chief Operating Officer
Armitage, Doug
Vice-President, Business
Development
Fache, Gord
Vice-President, Corporate
Development & Stampede
Programming
Harrison, Paul
Chief Financial Officer
Schild, Laurie
Vice-President, Marketing &
External Relations
Whittle, Mike
Vice-President, Agriculture &
Western Events
2005 ELECTED OFFICERS (L-R): GEORGE BROOKMAN, Vice-Chairman; STEVE ALLAN, Chairman of the Board
PATRONS & President; DAVID CHALACK, Vice-Chairman
His Honour The Honourable
Norman Kwong
Lieutenant Governor of Alberta
The Honourable
Ralph Klein
Premier of Alberta
His Worship
David Bronconnier
Mayor of Calgary
EXECUTIVE MANAGEMENT TEAM (L-R): GORD FACHE, Vice-President Corporate Development & Stampede
Programming; DOUG ARMITAGE, Vice-President Business Development; VERN KIMBALL, Chief Operating Officer;
LAURIE SCHILD, Vice-President Marketing & External Relations; and, MIKE WHITTLE, Vice-President Agriculture &
Western Events.25
STAMPEDE LEADERSHIP
2005 BOARD OF DIRECTORS FRONT ROW: Vice-Chairman GEORGE BROOKMAN (seated left), Chairman of the Board & President STEVE ALLAN
(standing center), Vice-Chairman DAVID CHALACK (seated right) SECOND ROW (L-R): Jim Brennan, Val Robinson, Don Wilson, MLA Cindy Ady, Bill Porter,
Sally Holman, Jackie Engstrom, Glenn Street THIRD ROW (L-R): John Copithorne, Bob Thompson, Fred Allen, Mike Casey, Russ Tynan, Rob Laidlaw, Wee
Yee BACK ROW (L-R): Guy Buchanan, Steve Snyder, Alderman Ray Jones, Gord Burrell, Gordon Bussey MISSING FROM PHOTO: Doug Fee, Mayor David
Bronconnier, Alderman Madeleine King, Chris LeGeyt, Harold Milavsky, Sherali Saju
2005 DIRECTORS Street, G.W. (Glenn) Moore, W.K. (Ken) Lang, M.P. (Pam)
Allen, F.G. (Fred) Thompson, R.M. (Bob) Pearce, H.G. (Gordon) Langford, H.G. (Harry)
Brennan, J.S. (Jim) Tynan, R.E. (Russ) Steen, J.A. (Jack) Lougheed, E.P. (Peter)
Buchanan, G.D. (Guy) Yee, W. (Wee) Young, R.A.M. (Bob) Macdonald, A.H. (Howard)
Ady, Cynthia (Cindy) MLA MacInnes, R.B. (Richard)
Burrell, G.J. (Gord)
Bronconnier, (Dave) Mayor
HONOURARY LIFE McBride, R.B. (Rod)
Bussey, G.J. (Gordon) DIRECTORS
Casey, M.F. (Mike) Jones, (Ray) Alderman McDaniel, R.R. (Rod)
King, (Madeleine) Alderman Abercrombie, L.A. (Linda) Minnes, P.D. (Patsi)
Copithorne, J.G. (John) Bailey, E. (Eleanor)
Engstrom, J.A. (Jackie) O’Connor, G. (Graham)
PAST PRESIDENTS Cairns, R.M. (Bob) O’Connor, D.L. (Larry)
Fee, E.D. (Doug) Blackburn, L. (Les) Copithorne, M. (Marshall)
Holman, S.J. (Sally) Phillips, R.F. (Ross)
Church, R.B. (Bob) Dyck, P.R. (Bob) Poffenroth, R.W. (Bob)
Laidlaw, R.W.A. (Rob) Copithorne, W.H. (Danny) Edwards, S.W. (Steve)
LeGeyt, C. (Chris) Smith, B.A.R. (Quincy)
Crawford, Q.C. (George) Finn, F.C. (Frank) Sumner, R.J. (Bob)
Milavsky, H. (Harold) Cross, D.J.A. (Donald) Gant, W. (Bill)
Porter, W.G. (Bill) Talbot, D.W. (David)
Dinning, R.S. (Bob) Holman, J.L. (Len) Thompson, L.S. (Lee)
Robinson, V. (Val) Jarvis, C.S. (Roger) Hymas, R.F. (Bob)
Saju, S. (Sherali) Thornton, H.P. (Harold)
Laidlaw, R.W.A. (Bob) Irwin, I.G.M. (Ian)
Snyder, S.G. (Steve) Matthews, R.C. (Rob) Jacques, D.E. (Don)26
OUR VOLUNTEERS
VOLUNTEERS Al-Noor Jinnah A Anderson, Diane SH, SA Bacon, Terry SH, SA
A - ASSOCIATE John A. Larsen SA Anderson, Donna K V Badzgon, Jessica E V
ALM - ALUMNUS Tom Sampson SA Anderson, Doug G V Bagby, Robyn SH, SA
CM - CHAIRMAN Blake R. Somerset A Anderson, Fran SH, ALM, HSA Bailey, Diane M A
D - DIRECTOR
Anderson, Frances SH, SA Bailey, Eleanor J SH, HLD
HLD - HONOURARY LIFE 2005 VOLUNTEERS
DIRECTOR Abbott, Andrew SH Anderson, Frank J SH, SA Bailey, Jim R A
HSA - HONOURARY SENIOR Abbott, Fraser A Anderson, Guy R SH, A Bailey, Scott C V
ASSOCIATE Anderson, Heather SH, SA Bailey, Terry SH, A
IPP - IMMEDIATE PAST
Abbott, Fred F. SH, SA
Abercrombie, Hart A SH, SA Anderson, Heather M V Baillie, Brooke V
PRESIDENT
LM - LIFE MEMBER Abercrombie, Linda A SH, HLD Anderson, John L V Baillod, Brad SH, SA
P - PRESIDENT Aberle, Floyd V Anderson, Julie ALM Bain, John ALM
PP - PAST PRESIDENT
Abrams, Brian SH, SA Anderson, Marilyn SH, SA Baker, Diana E V
SA - SENIOR ASSOCIATE Anderson, Maurey K. A Baker, Fred SH, ALM
SH - SHAREHOLDER Abrams, Edie A SH, SA
VC - VICE CHAIR Abrams, Joel A Anderson, Ron K SH, SA Baker, Owen SH, ALM, HSA
V - VOLUNTEER Acteson, Henry W. ALM Andrew, Christine A Baldick, Karon A
Adams, Carolyn SH, SA Angus, Ian J.T. SH, LM Baldick, Stephen SA
We also remember the Adams, Don SA Anselmo, Tony SH, ALM Ball, Bev A SH, SA
significant contributions of Adams, Rosanne SA Ansloos, Norma A Ballantine, Jane SH, SA
volunteers who passed away Antoniuk, Brad V Bamford, Bruce SH, SA
Adams, Ryan W SH, SA
in 2005. We bid a sad final Antoniuk, Jodi A Bamford, Kate SH, SA
Adams-Wood, Alice SH, SA
farewell to: Appleton, Stanley F SH, LM Bamford, Mary SH, SA
Adamson, Marian SH, SA
Donald Barker ALM Addley, Cy SA Archer, Fred ALM Banadyga, Jarrod S A
Stu Barker SH, PP Adolf, Elizabeth J. V Archibald, Alan D SH, SA Baranieski, Hugh SH, A
Louise Big Plume SH, SA Ady, Cindy D Archibald, Catharine SH, SA Baranieski, Linda SH, SA
David Bruce SH, SA Agar, Gordon L SH, A Armstrong, Art SH, SA Barby, Jim M SH, SA
Fred Clarke SH, SA Ahloy, James A Armstrong, Cathy SH, SA Barfuss, Milo ALM
Laurie Draper SH, HSA Airth, Bob SH, SA Armstrong, Chris A Barge, Ron SH, SA
Bill Egbert SH, HLD Aker, Audrey C A Armstrong, Doug SH, SA Bargetzi, Ernst ALM
Margaret Fraser SH, LM Aker, Eric E A Armstrong, Fletcher SH, SA Barker, Donald ALM
Andy Gibson SH, SA Aldred, Glen SH, SA Armstrong, Jack SH, SA Barker, Geoff SA
Dewey Grant V Aldred, Ross ALM Armstrong, Melinda A SH, SA Barker, Jay D SH, SA
Rodney (Rod) Hall SH, SA Alexander, Greg A Armstrong, Tanya L A Barker, Pam SA
Donald Heimbecker SH, SA Alexander, Jean SH, SA Arnold, Bob S SH, LM Barlass, Lesley SH, SA
Harry C. Hobbs SH, LM Alexander, June SH, ALM, HSA Arnold, John A Barlow, Happy SH, SA
Gerri Hooks SA Alexander, Percy ALM Arthurs, Derek A Barrett, Gord A SH, SA
Dianna Kirouac V Alexander, Wes SH, SA Arthurs, Ric A Barrett, Marion A SH, A
Edward Shute SH, LM Algate, Betty J SH, SA Arthurs, Robin G SH, SA Barrington, Gordon SH, SA
Steve Stiven SH, HSA Allan, Steve SH, CM & P Ashbacher, Kelly A Barritt, Angela N SH, ALM
Allen, Fred SH, D Ashbacher, Wendy S A Bartelen, Clarence ALM
Deceased 2004 Atchison, Sr., Bill SH, ALM Bartlett, Erin S A
Allen, Ray SH, ALM
Edward Klimuk SH, HSA Atkins, Gordon A SH, SA Basarsky, Don A
Allen, Roy SH, ALM, HSA
Ed Roberts SH, HLD Austen, Keath SH, SA Bass, Marilyn L SA
Allery, Dave SH, SA
(Not listed in last year’s Austin, Cynthia SH, SA Bates, Rick ALM
Allison, Cathy V
Report to Community) Austin, Kimberly A Batke, Alfred ALM
Allison, Glenn SH, SA
We would also like to Allison, Ted SH, ALM, HSA Avey, Noreen P SA Batycky, Bill SH, SA
thank our Appointed Aloisio, Bryan A V Ayer, Andrea M SH, SA Baxter, Allan A
Representatives for their Ambrose, R. Mark A Aylesworth, Ken W SH, SA Baxter, Paula L V
significant contribution to Amery, Hiesem V Aylesworth, Robert SH, ALM Beaton, Louise ALM
our organization. Amthor, Carla SH, SA Ayoungman, Angeline SA Beattie, Al SH, LM
Amthor, Joan A Ayre, Gary SH, SA Beaver, Lori A
Don A. Basarsky A
Anderson, Bill SH, SA Ayre, Nate A Beck-Edwards, Brenda SH, SA
Peter Davison
Anderson, Blake SH, ALM Bacon, Keith SH, SA Bedford, Judy SH, SA
Sara-Jane Gruetzner SH, A
Anderson, Dave ALM Bacon, Stephen R SH, SA Beeman, Denny SA27
OUR VOLUNTEERS
Beermann, Kari V SA Blakley, Lorne SH, SA Braunwarth, Leta SH, SA Burgess, Ralph SH, ALM
Befus, Dale SH, A Blood, Kathy SH, SA Brayton, Joyce SH, SA Burgess, Sandra L A
Belan, Chris V Blue, Bev SH, SA Breaker, Nick ALM Burgess, Wayne B. SH, SA
Bell, Andrew M SH, SA Boake, Bill J SH, LM Breakey, Alan R A Burke, Brian SH, ALM
Bell, Herman J SH, SA Boake, Bud M SH, LM Brenda, Doug A Burke-Gaffney, Kevin F SH, SA
Belot, Dan SH, SA Boake, Peter A Brennan, Jim S SH, D Burke-Gaffney, M. Elizabeth
SH, SA
“At every event and in every public interaction, the Calgary Stampede volunteers
portray our original pioneers’ message of friendship and co-operation.
They work hard ensuring that those they meet are touched by our friendship
and legendary western hospitality. Many work hard year-round spreading
our western spirit at events, quite literally around the world.”
JOE CONNELLY, TOURISM CALGARY
Benedictson, Richard B SH, SA Bobenic, Jodi SH, SA Brewster, Amy A V Burkowski, Janet A SH, ALM
Benjamin, Karin SH, SA Bock, Andre A Brewster, Jim A Burns, Greg SA
Benner, Beryl SH, A Bodnar, Marilyn B. V Brewster, Jolene V Burns, James (Larry) V
Bennett, Barry I SH, SA Boisjoli, Sherry ALM Brewster, Robert A Burns, John SH, SA
Bennett, Kerrie V Boisjolie, Dave V Brimacombe, Peter R SH, SA Burns, Rob A
Bennett, Kristie L V Bond, Nicholas A Broad, Judy A Burns, Shelly A SH, A
Benning, Bernie SH, SA Bondarchuk, Alex SH, SA Broadhurst, Michael SH, SA Burrell, Gord SH, D
Benning, Maureen SH, ALM, HSA Bonke, Les L SH, SA Brock, Bruce SA Burrell, Mary SH, SA
Benoit, Chantale A Boomer, Barbara SH, ALM, HSA Bromley, Bill SH, SA Burrell, Scott J A
Bentham, John LM Borland, Bob SH, SA Bronconnier, David D Burritt, Joe SH, SA
Bentley, Wally H SH, SA Borrow, Patricia J SH, SA Brookes, Mike LM Burwash, Les D SH, SA
Beres, Garry B. A Boskers, Harm K SH, SA Brookman, George SH, VC Burwash, Mary E. SH, ALM
Bergeson, Judy A A Boswell, Bob SH, SA Brookwell, Gerry SH, ALM, HSA Burwash, Sue A A
Berglund, Donald James A Boswell, Pat L V Browarny, Walt SH, SA Bushell, Beverley SH, ALM
Bertels, Frank SH, ALM Botkin, Dave R. V Brown, Bill SH, SA Busse, Linda L V
Bertram, Darlene SH, SA Bourne, Christopher A Brown, Diana SA Bussey, Gordon SH, D
Bessem, Brian SA Boutestein, Jarrett A Brown, Garth O SH, ALM, HSA Bussey, Jim W SH, ALM
Best, Kay A Bower, Sam M A Brown, Gordon SH Busst, Bill H A
Beverley, Gareth ALM Bowlen, Maureen SH, LM Brown, Jack SH, LM Busst, Jack H SH, SA
Bewley, John SH, A Bowman, Murray SH, SA Brown, Jason K V Butler, Dale ALM
Bews, Jim SH Boyce, Carol SH, SA Brown, John H. SH, SA Bzeta, George SH, ALM, HSA
Bews, Joy SH, SA Boyce, Don G SH, ALM Brown, Trudy F A Bzeta, Judy SH, LM
Bezak, Erin SH, SA Boyce, Gwen SH, SA Browne, Al A Cadre, Rhonda ALM
Bierwagon, Bruce SH Boyer, Colleen SH, SA Browne, Irene A. A Caines, Richard T SH, SA
Biggelaar, Mike SH, SA Boyle, Randy ALM Bryant, Linda L SH, SA Cairns, Bob M. SH, HLD
Biggelaar, Ray SH, ALM Boyle, Rick A. V Bryant, Victor SH, ALM Cairns, Gordon SH, SA
Bill, Tara SH, SA Brachman, Kirk SH, SA Buchanan, Deborah I SH, SA Cairns, Ken SH, LM
Billington, Rick SH, SA Bradley, Stu SH, SA Buchanan, Gary N SH, SA Calf Robe, Ed SH, SA
Bishop, Leanne M SH, SA Bradley, Tom SH, ALM Buchanan, Guy SH, D Calf Robe/Ayoungman,
Bissell, Judy E SH, SA Brager, Joe SH, LM Buckley, Margaret SH Natasha V
Bittner, Sharon SH, A Brakke, Nancy L SH, SA Bucsis, Anita A Callan, Lyne SH, ALM
Bjerstedt, Karen A Brasso, Donna K. SH, SA Buhler-Low, Jo-Ann V Cameron, Bob A
Black, Cliff SH, ALM, HSA Brasso, Einar SH, LM Builder, Brenda L SH, SA Cammaert, Pat SA
Black, Michael SH, SA Braun, Ed SH, SA Bunka, Andrew A Campbell, Bill SH, ALM
Blackburn, Jim ALM Braun, Ilona B SH, SA Burak, Doris B SH, SA Campbell, Doris SH, SA
Blackburn, Les SH, PP Braunwarth, Garry SH, SA Burak, Heather J SH, SA Campbell, John SH, SA28
OUR VOLUNTEERS
“These are people that will have an honest story to tell their grandchildren about the hard
work their ancestors accomplished. To me that’s what western values and heritage is all
about. It’s about the people that singled themselves out to change history. To walk on the
edge of fear and accomplish something that has never been done.”
ALYSSA WHEELER, 12, ONE OF THE THREE WINNERS OF THE STAMPEDE’S 2005 SHARING OUR HERITAGE ESSAY CONTEST
Campbell, John C SH, SA Chow, Tina L. V Cooke, Don SH Cunningham, Bill SH, SA
Campbell, Kurt SA Christensen, Dennis SH, SA Cooke, Grant SA Cunningham, Debbie M
Campbell, Laura L SH, ALM Christensen, Lynn SH, SA Cooke, Shane A SH, SA
Campbell, Linda SH, SA Christie, Nat SH, SA Cooke, Sharon SA Cunningham, Lori SH, ALM, HSA
Campbell, Shannan SA Chu, Allan SA Cooper, Jocelyn SH, SA Cunningham, Norma SH, ALM
Campion, Lori M SH, SA Church, Andrea M SH, SA Copeland, John ALM Cunnington, Mike SH, ALM
Cannon, Dennis SH, SA Church, Bob SH, PP Copithorne, Danny SH, PP Cupit, Jackie L SH, SA
Cantalope, Annette SH, SA Church, Lanny M SH, SA Copithorne, Jim SH, SA Curran, Arlene V
Cardiff, John A Clapham, Bill SH, SA Copithorne, John G. SH, D Curran, Mike SA
Carels, Val SH, A Clapham, Kyle A Copithorne, Marshall SH, HLD Curran, Jr., Stephen James
SH, SA
Carey, Frank G SH, SA Clark, Brendan C. V Copithorne, Melba F SH, SA Curran, Sr., Stephen SH, SA
Carey, Hugh SH, SA Clark, Cam SH, A Corbett, Stewart SH, SA Currie, Susan SH
Carey, Neil SA Clark, Jim SH, SA Corraini, Debbie L A Cushing, Don G SH, LM
Carignan, Shannon D A Clark, Lloyd J SH, SA Corraini, Vallentina SH, ALM Cushing, Pat ALM
Carpenter, Marcel SH, ALM, HSA Clarke, Bonny SH, A Costello, Barry SH, SA Dahl, Cheryl A SH
Carter, Kay C SA Clarke, Jr., Eric G SH, SA Cote, Claude V Dahlgren, Nelson E SH, SA
Cartwright, Fred SH, SA Clarke, Sr., Eric SH, SA Courtland, Christopher Daines, Grant A
Carver, Debbie L A Clarkson, Linda A SH, ALM
Dalgetty, David SH, SA
Carver, Stan SH, SA Claughton, Donald SH, SA Courtman, Ray SH, SA
Dalgleish, Dianne J SH, SA
Casey, Michael SH, D Claughton, Mindy SH, SA Coutney, Bunny SH, ALM
Dalgleish, Steve A
Cashman, Larry SH, ALM Clay, Cam L SH, SA Coutu, Marcel SH, A
Dalgleish, William SH, ALM
Cassels, John SH Clayton, Cody SA Cowling, Lloyd G SH, SA
Dalgliesh, Judy L SH, SA
Cassidy, Lynne A Cleeve, Gail SH, SA Craig, Heather SH, SA
Dalik, Dalton E SH, SA
Cassie, Deanne J SH, SA Coates, Joe SH, ALM Cranston, John SH, ALM, HSA
Dalik, Dorothy SH, ALM, HSA
Catellier, Shannon SH, SA Coates, Warren S SH, A Cranston, Mary ALM
Dalton, Rick K A
Catherwood, Andy G SA Colborne, Barb SH, SA Crawford, Q.C., George
SH, PP Damm, Mark G SH, SA
Cavanaugh, Buzz B SH, SA Coleman, Brian SA Danard, Bryan N V
Cremers, Devon V
Celmainis, Sheryll, SH, ALM Coleman, Karalee SH, ALM Danchuk, Jim A
Cremers, Hans ALM
Chadwick-Lynch, Connie Collins, Alison P A Dansie, Lynn SH, SA
SH, SA Cremers, Maureen B SH, SA
Collins, Bill E SH, SA Danyleyko, Erin A
Chalack, David SH, VC Cridland, Kelly SH, ALM
Collins, Dave SH, SA Davidson, Brenda A
Chan, Leslie RH V Cripps, Bruce SH, SA
Collins, Karen A A Davidson, Debbie A SH, SA
Chapman, Ron SH, ALM, HSA Cripps, Ron SH, ALM
Collins, Michael SH, SA Davidson, Doug W SH, SA
Charlton, Murton SH, ALM Crook, Phil G. V
Collins, Pat SH, SA Davidson, Lori SH, SA
Chartrand, Allan R A Crook, Rhea SH, SA
Colpitts, Garth ALM Davies, Anne E SH, SA
Chartrand, J. Aime SH, SA Crosbie, Wayne W A
Comeau, Guy SH, SA Davies, Arliegh E SH, SA
Cheetham, Rick E A Cross, Donald SH, PP
Comeau, Val SH, SA Davies, Bob W SH, SA
Cherry, Gordon A Cross, Eddie SH, SA
Connelly, Dan B SH, SA Davies, Don C SH, SA
Chisholm, Bill LM Cross, Jill SH, A
Connelly, Sharleen A SH, SA Davies, Ivan SH, SA
Chisholm, Wynne SH, SA Cross-Moulton, Sara J SH, SA
Connolly, Luanne SH, SA Davies, Lynne A SH, SA
Chitrenky, Evelyn ALM Crowe, Leslie SH, LM
Connors, Earl SH, A Davies, Rowland SH, SA
Chitrenky, Walter ALM Crowshoe, Reggie SA
Constable, Bob M SH, SA Davis, Arthur SH
Chorney, Alan SH, SA Crowshoe, Rose SH, SA
Constable, Loraine SH, ALM, HSA Davis, Bill SH, LM
Chorney, George A SH, SA Crowther, Thelma ALM
Cook, Lorna J SH, SA Davis, Jay SH, SA
Chow, Catherine A. V Crundwell, Brian A
Cooke, Darrell SH, SA Davis, Karen SH, ALM
Cumming, Yvonne J AYou can also read
