Budget Cycle

April
Enrolment targets set

June-August
Shared service unit budget and staffing plans prepared

September

  • Tuition rates provisionally set
  • Shared service unit budget and staffing plans submitted to the Budget Office
  • Faculty and School gross budgets set

October

  • Shared service unit budget and staffing plans presented
  • Shared service unit budget set
  • Faculty and School budget and staffing plans prepared

October-November

  • Faculty and School preliminary net budgets set
    Faculty and School budget and staffing plans prepared

December
Faculty and School budget and staffing plans submitted to the Budget Office

January-February

  • Faculty and School budget and staffing plans presented 

  • University Fund allocations determined
  • Faculty and School final net budgets set

March

  • Tuition fees approved by Finance, Assets, and Strategic Infrastructure (FASI) Committee
  • Preliminary budget presented to and reviewed by FASI Committee

May
Final budget presented to and approved by FASI Committee