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 and Operations 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.
Investing in our future
Recognizing that an institution of our size and scope can not do everything at once, we make selective, strategic investments that will yield the biggest impact in future. In 2016 the Provost launched the Academic Excellence Funds to dedicate a significant portion of UBC’s annual revenue to advancing academic excellence.
The Academic Excellence Funds 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 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 and Operations to oversee the responsible management of UBC’s operating budget. View financial statements and reports at the Office of the Vice-President, Finance and Operations.