Budget planning

The Office of the Provost provides leadership around the development of the UBC budget for the Vancouver campus. This helps ensure that resource investments align with UBC’s strategic goals and aspirations.

With a budget in excess of $2 billion, and with 15,000 faculty and staff, 61,000 students and two campuses, UBC is dynamic institution operating in a complex fiscal environment. We fulfill our academic mission by making resource-allocation decisions based on our values.

We work to ensure that UBC responds proactively and strategically to ensure academic excellence with increasingly-constrained resources.

Aligning UBC’s operating budget with our academic strategy

Each year, the Provost works with the Vice President, Finance to map out UBC’s financial planning. We consult with the deans and senior leaders on the evolving priorities for faculties and administrative units.  

This process looks for opportunities to to both increase revenues and find operational efficiencies. It is also designed to consider and evaluate priorities for investment.

2016/17 budget process

The 2016/17 budget process included a two-day workshop for the Vancouver campus, in which the Executive and deans came together to review all areas of UBC Vancouver and their current challenges, opportunities and budget position.  

As part of the process a large number of proposals were submitted. These are being evaluated for possible funding in the 2016/17 financial year. A number of forums are considering the proposals, including the Board of Governors, Executive, the Council of Deans, the Senate Budget Committee, the Executive and the Board of Governors.

The final budget report will go to the Board of Governors for approval in April, 2016.

Investing in our future

Recognizing that an institution of our size and scope can not do everything at once, we are making the selective, strategic investments that will yield the biggest impact in future. The Provost has launched a new UBC Excellence Fund that will dedicate a significant portion of UBC’s annual revenue to advancing academic excellence.

The new UBC Excellence Fund will support:

  • attracting & retaining exceptional faculty and students
  • fostering innovative, cutting-edge research
  • creating a world-class student learning experience.

Reporting and Transparency

Our office provides regular updates about the budget planning and development process. These updates give a summary of the current financial outlook, as well as the University’s fiscal strategic direction.

We also work closely with the Vice President, Finance to oversee the responsible management of UBC’s operating budget. View financial statements and reports at the Office of the Vice President, Finance.

See Operating Budget Reports
 

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