The University of Alberta Budgets

The budgets of primary importance to students at the University of Alberta are the Consolidated Budget and the Operating Budget.

The Consolidated Budget is a collection of all of the University's budgets. The University's consolidated budget includes the entirety of the restricted and unrestricted funds of the institution and their corresponding budgets: capital projects, research, ancillary operations and the general operations of the institution.

The Operating Budget covers the day-to-day core functions of the institution. It does not include research budgets, ancillary units (e.g. residences and parking) and the capital budget; however, some of costs associated with these operations are covered through the operating budget. The two main sources of revenue for the Operating Budget are Provincial funding and student fees.

Prior to the budget announcement, University of Alberta administration was lobbying for a 4% increase to the grant in order to keep up with increasing cost pressures. These cost pressures result from a structural deficit, a term that means that base operating expenditures are increasing faster than base operating revenues--in our case, at a rate of 2% per year. In essence this means that the University's proportional salary and benefit expenses are rising at nearly double the rate of the province's expected grants and student fees.

Below is a visual representation of the 2012-13 University of Alberta operating revenues and expenditures.

Town Hall

Check out a video recording of the town hall that took place on SUBstage on Tuesday, March 26.