Budget Approval Process

The chart depicts the consultation process that was implemented in November 2014. The budget process begins in the fall with a significant amount of consultation within the University community. BAC makes budget recommendations with input from Budget Units and Faculties and in consultation with the Strategic Planning Committee, General Faculties Council, and President’s Executive. The approval of the budget entails BAC recommending the budget to President’s Executive, then the President recommends the budget to the Board of Governors’ Finance Committee for approval and then it is forwarded to the Board of Governors for final approval.    Throughout the budget process the University community is kept up to date through website budget messages, Faculty Councils/Department meetings, and town hall meetings.

Annual Budget Reports can be found on the Planning and Reporting web page.