The Budget Office is part of the Finance Department at UNBC. The staff members in the office are responsible for budget administration for the University, which involves forecasting, developing and managing the University’s operating budget. The Office is also responsible for providing information and advice to Deans, Directors and the various departments regarding their funds to facilitate informed decision making. Decision making support and information to senior management and the Board of Governors are also key services of this area.
To streamline communications and improve service in budget related matters, a “designated contact person” has been assigned for each area of General Operations, NMP and Ancillary units. If you need assistance with any budget related matters in these areas, please contact Sean Kinsley at firstname.lastname@example.org or Tracey McIntyre at email@example.com, as per the designated contact list in the link below:
Please note that while this list indicates the primary contact for each area, in the event of vacation or other extended leaves, either Sean or Tracey may respond to budget related matters.
University Budget Overview - 2020/21
The University of Northern British Columbia’s Board of Governors has approved a combined general operating and ancillary services balanced budget of $105 million for 2020/21.
The budget aligns with the strategic priorities approved by UNBC’s Board of Governors, which span four key areas:
- Attracting, retaining and developing outstanding students, faculty and staff.
- Enhancing the quality and impact of UNBC’s academic programming and delivery.
- Enhancing the research culture at UNBC.
- Ensuring financial accountability, sustainability and operational effectiveness.
UNBC continues to face budgetary challenges. For example, despite modest enrolment improvements over four of the last five years, UNBC has yet to reach its enrolment targets. Inflationary pressures, reduced revenues, and increased employee compensation costs also contribute to UNBC’s budget challenges.
To address these challenges and ensure a balanced budget for 2020/21, the Board approved several actions including the following:
- Operating expense decreases of approximately $3.4 million.
- Unfortunately, this has resulted in eliminating 21 positions, 12 of which were vacant. The annualized budget impact of these reductions is approximately $1.4 million.
- Other operating expense reductions, as well as temporary adjustments of allocations to reserves that have sufficient balances to maintain activities at the same level as previous years. The budget impact of these reductions is approximately $2 million.
- A tuition fee increase of 2% for all students.
These actions were based on a number of principles, including minimizing direct impact on students and the University’s core mandate of Teaching, Research and Service.
About 60% of the University’s General Operating Fund revenue is provided by the Government of B.C., while approximately 23% comes from tuition and fees. Wages and benefits account for about 70% of the University’s total operating expenditures.
The tuition fee for an average full-time undergraduate student is now $5,533 per year, an increase of $109 (2%) from last year.
Much of the University’s budget planning was prepared prior to the Coronavirus (COVID-19) pandemic’s effects on the institution. UNBC will need to confirm the budgetary impact of alternate course delivery plans, remote working, safe return-to-campus plans and more. It will do so by working closely with various provincial ministries on a unified approach across B.C.’s post-secondary sector regarding the budgetary effects of COVID-19.