2018-2021 Planning and Budget Framework approved

The Board of Governors approved the University of Victoria’s budget of $369.1 million for fiscal 2018/19 at its March 27 meeting.

The university's new Strategic Framework, Strategic Research Plan, Campus Plan, Communications and Marketing Plan, Employment Equity Plan, Indigenous Plan and International Plan all provide important direction in identifying priorities and allocating financial resources across the university.

UVic operating costs are funded by two sources: government grants, accounting for 50 per cent of operating revenues, and student fees, accounting for 37 per cent of revenues. The provincial grant for 2018/19 is expected to increase by $6.3 million for bargaining compensation and support for 50 new full-time equivalent student seats in an expanded computer science and engineering program. 

The Planning and Budget Framework document is available on the Financial Planning website.