Budget planning at the University of Victoria
This website has been created to share information and key budget planning documents that are shaping the evolving budget context at UVic.
Budget framework for 2014/15 balanced with no budget cuts
The University of Victoria's Board of Governors this week approved a $323 million operating budget framework for the university with no budget reductions for 2014/15.
The university was able to develop a balanced budget for the fiscal year starting April 1 despite a reduction in government funding and an increase in expenses, due to reductions implemented in 2013/14, cost containment measures, and strong growth in student enrolment.
The budget framework was developed through the university's integrated planning process with the goal to ensure that the university's financial resources are aligned with institutional priorities and areas of strategic focus.
The priorities for 2014/15 include student recruitment and success, faculty engagement and retention, promoting the quality of academic and research programs, educational technology, sustaining research excellence and fundraising among others.
April 7, 2014 Information Session
The April 7th session provided:
- an overview of the University's 2014-15 Planning and Budget Framework document from the April Board of Governors meeting. (As previously announced, the framework does not involve budget reductions for 2014-15.)
- a status report on the Enhanced Planning: Making Choices project that is developing new planning tools to enable campus decision makers at all levels to better align university resources with priorities.
- an update on the provincial government's core review process and the work completed since our last information session in December.
View the entire presentation here.