In order to ensure a more sustainable financial future, a new budget process and allocation method was established and implemented during 2012. As part of the process review, a Budget Advisory Committee (BAC) and a Budget Priority Advisory Committee (BPAC) were formed to enhance the transparency of the overall budget process; a process that will assist the University to achieve its objectives and priorities. In 2014, the process was streamlined by omitting the BPAC.
In developing the budget, the BAC Committee is paying particular attention to the strategic priorities of the University, as identified in the Strategic Plan, Research Plan, Academic Plan and associated Academic and Administrative Unit Plans.
Annual Budget Reports can be found on the Planning and Reporting web page.