As a follow-up to our message on March 8th, we would like to provide an update on the status of the UBC budget.
The budget was presented today to the Board of Governors for review and approval. At this meeting, the Board:
- thanked everyone in the university for their work in bringing the budget forward; and,
- was supportive of our strategy to make further investments in key priorities through the UBC Excellence Fund (formerly referred to as the Academic Excellence Fund).
During the meeting, it was acknowledged that the recent arbitration award, which decides the July 1, 2014 - June 30, 2016 Collective Agreement between the university and the Faculty Association, was larger than anticipated. The Board provisionally approved the budget on the basis that our teams will work over the next few months to develop a proposal to accommodate the arbitration award. The proposal will be considered at the June Board meeting.
The complete budget documents can be found here.
On behalf of the UBC Executive, we would like to thank everyone at the University for ongoing efforts on the planning and management of the university’s budget.
Angela Redish
Provost and Vice President Academic pro tem
Deborah Buszard
Deputy Vice Chancellor & Principal
Andrew Simpson
Vice President, Finance