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Budget Approval Process

The chart depicts the consultation process that is currently in use. The budget process begins in the fall with a significant amount of consultation within the University community. BAC makes budget recommendations with input from Vice President Finance & Administration Council, Statutory Deans' Council, Strategic Planning Committee, Provost Council, and other stakeholders including students, employee groups, budget units, and the Board of Governors. The approval of the budget entails BAC recommending the budget to President’s Executive, then the President shares the budget with General Faculties Council and 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.