DOCSLIB.ORG

2019/2020 BUDGET APRIL 2019 Submission to the University of British Columbia Board of Governors

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019/2020 BUDGET APRIL 2019 Submission to the University of British Columbia Board of Governors 2019/2020 BUDGET APRIL 2019 Submission to the University of British Columbia Board of Governors Table of Contents TABLE OF CONTENTS .........................................................................................................................................2 1. EXECUTIVE SUMMARY ...................................................................................................................................3 Overview ............................................................................................................................................................3 Economic Environmental Scan ..........................................................................................................................4 Strategic Investments ........................................................................................................................................5 Base Operations ................................................................................................................................................6 2. INTRODUCTION (“BUDGET 101”) ..................................................................................................................8 The Budget Process ..........................................................................................................................................8 Budget Framework .............................................................................................................................................9 3. OPERATING BUDGET ................................................................................................................................... 11 Operating Revenue ......................................................................................................................................... 11 Operating Expenditures .................................................................................................................................. 14 4. UBC VANCOUVER ......................................................................................................................................... 16 Strategic Initiatives .......................................................................................................................................... 16 Academic Funds (formerly the Strategic Investment “Excellence” Fund) ...................................................... 18 UBC Vancouver Faculties and Departments – Allocations and Projected Expenses .................................... 21 5. UBC OKANAGAN .......................................................................................................................................... 25 Strategic Initiatives .......................................................................................................................................... 25 UBC Okanagan Excellence Fund ................................................................................................................... 27 UBC Okanagan Faculties and Departments – Allocations and Projected Expenses ..................................... 30 6. CONSOLIDATED FINANCIAL BUDGET ....................................................................................................... 33 7. CAPITAL EXPENDITURE .............................................................................................................................. 36 8. DOCUMENTS REQUIRING BOARD APPROVAL ........................................................................................ 37 APPENDIX I – KEY BUDGET ASSUMPTIONS ................................................................................................. 39 APPENDIX II - FINANCIAL RISKS .................................................................................................................... 40 APPENDIX III - ENDOWMENT ........................................................................................................................... 41 APPENDIX IV - RELATED ENTITIES ................................................................................................................ 42 APPENDIX V - KILLAM ENDOWMENT FUNDS ............................................................................................... 43 APPENDIX VI – CAPITAL DETAILS ................................................................................................................. 44 APPENDIX VII – INVESTMENT INCOME ON LAND DEVELOPMENT ............................................................ 48 APPENDIX VIII – FISCAL 2019/20 PLAN TO FISCAL 2018/19 FORECAST BY FACULTY/PORTFOLIO .... 50 Pictured on front: The Indian Residential School History and Dialogue Centre, opened in 2018. UBC 2019/2020 BUDGET Page 2 of 76 1. Executive Summary Overview We are pleased to present the 2019/20 Budget for The University of British Columbia. UBC ranks among the leading public universities in the world, and contributes extensively to the economic and wider prosperity of British Columbia, as well as Canada and beyond. The annual budget supports the collective vision, purpose, values, and goals of the institution, as identified in the university’s new strategic plan (Shaping UBC’s Next Century, Strategic Plan 2018 – 2028). This Budget Report presents the operating and consolidated budget for the university, which aims to continue the university’s ongoing endeavors and to identify new opportunities for extending research, teaching, and engagement. The UBC Operating Budget reflects the operations of both campuses of the university, including capital spending and income earned from land development proceeds endowments, but excluding restricted funding in research and endowments. OPERATING BUDGET FISCAL 2019/20 Fiscal 17/18 Fiscal 18/19 Fiscal 19/20 (In $millions) Actual Forecast Budget Operating Revenue Provincial government grants 615 637 657 Tuition 607 689 754 Others 728 778 785 Total Operating Revenue 1,950 2,104 2,196 Operating Expenditures Salaries & benefits 1,158 1,242 1,349 Non Salaries 770 858 907 Total Operating Expenditures 1,928 2,100 2,256 Reserve (drawdowns) / additions 22 4 (60) Core revenues are fully allocated towards the cost of continuing the current base operations, as well as investing in new strategic initiatives to meet university priorities. Revenues are forecast to increase by $92m (from $2,104m in fiscal 2018/19 to $2,196m in fiscal 2019/20), which will be allocated to faculties, the Strategic Investment or “Excellence” Funds (proposed to be renamed the Academic Funds) and strategic initiatives. The budgeted operating deficit of $60m is the result of planned one-time investments from accumulated reserves, notably the Academic Funds, capital investments on the Okanagan campus and one-time expenses for enterprise-wide IT systems. The university’s consolidated budget assumes annual revenues of $2.8b of which $2.2b are from the university’s core operations, as identified in the table above. Adjusting for unrestricted surpluses in research and endowments, as well as a net investment in capital, the university expects a consolidated surplus for fiscal 2019/20 of $30m as detailed in section 6. UBC 2019/2020 BUDGET Page 3 of 76 Economic Environmental Scan International UBC is a globally-recognized centre for teaching, learning, and research, and an important contributor to the landscape of international education. The institution is consistently ranked as one of the top 20 public universities in the world, and is recognized as having the most international outlook of any university in North America. This position has created opportunities for UBC to attract talented students and researchers from over 160 countries, and has opened doors for the university to engage with global challenges that have far- reaching impact. International student enrolment continues to show strong demand, and combined with increases in international tuition has provided an important source of revenue for the university. This revenue base now supports the UBC Academic Funds (formerly the Strategic Investment or “Excellence” Funds), and contributes to student financial aid as well as UBC’s strategic investments. Domestic While the overall economic environment UBC faces in the year ahead continues to be constrained in a number of aspects, it does include an uplift in funding from the provincial government for general wage increases, a continuing commitment to improving routine capital funding (deferred maintenance on academic facilities), as well as significant contributions to several building projects in partnership with the federal government’s “Strategic Investment Fund.” In March 2017, the provincial government announced additional funding to increase students’ access to technology-related programs. In the 2019/20 fiscal year, the Ministry of Advanced Education, Skills & Training will fund an additional 136 FTEs for Computer Science, Biomedical Engineering, and Manufacturing Engineering at the Vancouver campus, and 44 FTEs for Computer Science and Manufacturing Engineering at the Okanagan campus. These opportunities will be created with $2.6m of incremental funding. One-time funding from the Ministry of Advanced Education, Skills & Training will also add 36 new FTEs in Early Childhood Education, and 15 new FTEs in the Master of Nursing Practitioner programs on the Vancouver campus for fiscal 2019/20. UBC The university’s main campuses in Vancouver and the Okanagan are home to world-class facilities that foster cutting-edge research, innovative entrepreneurship,
Load more

Recommended publications
  • UNIVERSITY of BRITISH COLUMBIA, VANCOUVER STUDENT FEEDBACK 16-17 Student Profiles
    UNIVERSITY OF BRITISH COLUMBIA, VANCOUVER STUDENT FEEDBACK 16-17 Student Profiles Madeleine Geography with International Study Olivia Geography with International Study Emilie Geography with International Study Flora Chemistry with International Study Sophie Economics Melisa English Language and Screen Studies Randal Music Laurie Social Anthropology DISCLAIMER: Feedback from former participants is made available by the International Programmes Office to assist students preparing for their time abroad. The comments expressed herein are those of individual students who have previously studied or worked abroad and do not represent the views of the International Programmes Office or the University of Manchester. While every effort is made to ensure the information is accurate and up-to-date it is essential that it is read in conjunction with the Study and Work Abroad Handbook and other official resources provided by the International Programmes Office. Madeleine I stayed in university-controlled accommodation. For the first semester I lived in Walter Gage, this was great because it's really close to everything on campus, however I found the flats quite anti-social and found it hard to adjust to a lifestyle where people don't seem to be friends with the people they live with. Most of my friends were living in Fairview and thankfully I managed to move into a flat there in the second semester. Fairview felt a lot more like a community and more personal. All university residences at UBC have very strict rules - there were quiet hours that began at about 10 pm on weeknights (we once had our RA come round and tell us to quieten down because our three person conversation was too loud!).
    [Show full text]
  • Exchange Report
    EXCHANGE REPORT DAVIS, RYAN BSc in Quantitative Finance Fall 2019 2019 FALL UBC EXCHANGE REPORT Table of Content Content Page Part I : Monthly Activity Log 2-5 Part II : General Exchange Information 6-13 Part III : Items to Bring 14 Part IV : Useful Links and Contacts 15 Ryan Davis 1 2019 FALL UBC EXCHANGE REPORT Part I : Monthly Activity Log September 2019 A week after spending my summer in Hong Kong, I started my exchange experience by flying straight to Vancouver. My friend and I had decided to arrive a day before the official check-in date in order to get a bit rest before getting started. The first week of my journey was an eye-opening one, as it was my very first time to go to North America. During that time, I chose to settle my university courses, bought some cooking utensils, made a bank account, registered for a local phone number, and strolled around UBC to familiarize myself with the campus environment. In the time of that first week, UBC had also arranged a school orientation for all incoming exchange students where you could get to know people around the world. On the second week of add-drop period, a group of HKUST Indonesian student across North America and I had decided to visit United States for 10 days. We completed this trip by going across west coast, with Los Angeles, San Francisco, and Las Vegas as our main destination. I would like to say that aforementioned period would be best for travelling as the school workload was still light and you may be able to travel without having excessive burden of school projects.
    [Show full text]
  • Translink 2019 Accountability Report
    TransLink 2019 Accountability Report translink.ca Our Vision A better place to live, built on transportation excellence. Our Mission Together, we connect the region and enhance its livability by providing a sustainable transportation network embraced by our communities and people. Our Values Safety Customer Service People Inclusiveness Integrity Excellence Sustainability Accountability 2 TRANSLINK 2019 ACCOUNTABILITY REPORT Table of Contents Welcome ........................................................................ 4 About TransLink .............................................................. 6 A Message from our CEO and Board Chair......................... 8 About this Report ........................................................... 11 2019 Highlights ...............................................................12 Our Governance Structure .............................................. 14 2019 Awards ...................................................................17 What Guides Us ............................................................. 18 Engaging our Stakeholders ........................................... 20 Transit Service Performance ......................................... 28 Customer Experience ................................................... 36 Safety and Security .......................................................42 Financial Sustainability ................................................ 50 Our People ................................................................... 58 Environmental Sustainability
    [Show full text]
  • Vancouver And
    VanBook2 1-A VanBook2 1-B Compass Cards and Fare Information Effective September 6, 2021 Subject to adjustments. www.translink.ca Compass Cards can be loaded with the fare product of your choice, or you can add Stored Value (replaces FareSavers, and is perfect for single trip use and pay-as you-go travel). For your convenience, add products or Stored Value to your card at Compass Vending Machines, online at Bus Timetable www.compasscard.ca, by phone at 604-398-2042, or at the Compass Customer Service Centre at Stadium-Chinatown Station. Once you have a Compass Card, be sure to register it by visiting www.compasscard.ca or by calling the phone number on the back of your card. Vancouver Book 2: Compass Tickets - Great for occasional riders (single use trips and Vancouver, UBC, DayPasses), these limited use tickets are available at Compass Vending (routes 23 to 100, 430, R4, R5 and NightBus) Machines. Need more Compass information? Visit www.translink.ca/compasscard Fare Information - Bus-Only travel is ONE zone all the time. For SkyTrain and SeaBus the Peak Fare zone structure is in effect Monday through Friday from the start of service until 6:30pm. During this time, the fare system is divided into three zones. After 6:30pm Monday through Friday, and all day Saturday, Sunday, and holidays Off Peak Fares apply so the system is ONE zone for all modes. Need more Fare Information? Visit www.translink.ca/transit-fares or call Customer Information Services at 604-953-3333 Holiday Service Visit www.translink.ca or call Customer Information Services at 604-953-3333 for details regarding holiday service.
    [Show full text]
  • Update & Public Consultation on 41St Ave B-Line Bus Service
    From: "Mochrie, Paul" <[email protected]> To: "Direct to Mayor and Council - DL" CC: "City Manager's Correspondence Group - DL" "Laclaire, Lon" <[email protected]> "Dobrovolny, Jerry" <[email protected]> Date: 4/10/2018 2:22:20 PM Subject: Memo - Update & Public Consultation on 41 st Ave B-Line Bus Service Attachments: ENG - Memo to Mayor & Council - Project Update and Public Consultation o .... pdf Dear Mayor and Council, Please see the attached Memo from Jerry Dobrovolny providing an update on the 41st Avenue B-Line Bus Service project and public consultation. A short summary of the memo is as follows: • The City is working with Translink on launching a 'B-Line or better' service along the 41st Ave. corridor by end of 2019; this corridor has the second highest transit ridership in the region and is part of Phase 1 of the Mayors' 10-Year Investment Plan. • Based on analysis of current ridership patterns, a service concept has been proposed; this concept includes replacing Bus Route 43 with new 8-Line bus service and adjusting the existing Bus Routes 41 and 49 as a result of the introduction of the new 8-Line. • The public engagement process for this project is starting this month, and it includes pop-up info sessions, presentations to various stakeholder groups including Council advisory committees, and an online survey. • The public is being asked for their feedback on the proposed 8-Line route and stop locations, support for potential B-Line travel time and reliability measures, and related changes to local service.
    [Show full text]
  • 49 Bus Time Schedule & Line Route
    49 bus time schedule & line map 49 Metrotown Station/Dunbar Loop/UBC View In Website Mode The 49 bus line (Metrotown Station/Dunbar Loop/UBC) has 5 routes. For regular weekdays, their operation hours are: (1) Dunbar Loop: 3:17 PM - 8:50 PM (2) Langara-Th Stn: 7:44 AM - 8:00 AM (3) Metrotown Stn: 12:15 AM - 11:40 PM (4) To Granville: 12:12 AM - 11:44 PM (5) UBC: 5:46 AM - 11:11 PM Use the Moovit App to ƒnd the closest 49 bus station near you and ƒnd out when is the next 49 bus arriving. Direction: Dunbar Loop 49 bus Time Schedule 53 stops Dunbar Loop Route Timetable: VIEW LINE SCHEDULE Sunday Not Operational Monday 3:17 PM - 8:50 PM Metrotown Station @ Bay 11 Central Boulevard, Burnaby Tuesday 3:17 PM - 8:50 PM Eastbound Central Blvd @ 4500 Block Wednesday 3:17 PM - 8:50 PM Westbound Imperial St @ Waverley Ave Thursday 3:17 PM - 8:50 PM 4692 Imperial St, Burnaby Friday 3:17 PM - 8:50 PM Westbound Imperial St @ Frederick Ave Saturday Not Operational 6819 Frederick Ave, Burnaby Westbound Imperial St @ Dow Ave 4476 Imperial St, Burnaby 49 bus Info Westbound Imperial St @ Mckay Ave Direction: Dunbar Loop 4275 Imperial St, Burnaby Stops: 53 Trip Duration: 40 min Westbound Imperial St @ Patterson Ave Line Summary: Metrotown Station @ Bay 11, Eastbound Central Blvd @ 4500 Block, Westbound Westbound Imperial St @ Mandy Ave Imperial St @ Waverley Ave, Westbound Imperial St 3870 Imperial St, Burnaby @ Frederick Ave, Westbound Imperial St @ Dow Ave, Westbound Imperial St @ Mckay Ave, Westbound Westbound E 49 Ave @ Boundary Rd Imperial St @ Patterson
    [Show full text]
  • Transit Network Review 2019
    Transit Network Review 2019 translink.ca TRANSIT NETWORK REVIEW | 2019 Table of Contents Overview .................................................................................................................................................1 Public and stakeholder engagement ........................................................................................................3 Outreach and engagement at a glance .....................................................................................................4 Next steps ...............................................................................................................................................5 What we heard and what we’re doing .......................................................................................................7 68 and 70, UBC ...................................................................................................................................7 New Service (Route 80) – River District, Vancouver ..............................................................................9 New Service (Route 338) – East Fraser Heights, Surrey ......................................................................12 New Service (Route 368) – 68th Avenue, Surrey ................................................................................14 351 and 352, South Surrey – White Rock – Bridgeport ....................................................................... 17 502 and 503, Surrey and Langley ......................................................................................................21
    [Show full text]
  • UBC Social Ecological Economic Development Studies (SEEDS) Sustainability Program Student Research Report Mobility Patterns, Ex
    UBC Social Ecological Economic Development Studies (SEEDS) Sustainability Program Student Research Report Mobility Patterns, Experiences, and Preferences of University Students: Evaluating University of British Columbia Students’ Use of Single Occupancy Vehicle and Major Public Transit Routes Kendall Andison, Sean Bailey, Craig Busch, Matthew (Matt) Callow, Michelle Cuomo, Nidah (Nida) Dara, Desiree Givens, Laura Hillis, Emily Huang, Jacqueline Hunter, Emily Johnson, Cody Kenny, Robbie Knott, Jordan Konyk, Sarah Labahn, Wendee Lang, Mengying Li, Simon Liem, Geneva Lloyd, Sarah Lone, Katrina May-Yanitski, Tadayori Nakao, Tanja (Tanya) Oswald, Halina Rachelson, Lily Raphael, Naomi Reichstein, Maureen Solumndson, Jessica Todd, Anelise van der Veen, Pascal Volker, Jose Wong Cok, Rachel Wuttunee, Kelsey Yamaski, Zakaria Zenasni, Stella Zhou University of British Columbia PLAN 522 Themes: Transportation, Community March 2018 Disclaimer: “UBC SEEDS Sustainability Program provides students with the opportunity to share the findings of their studies, as well as their opinions, conclusions and recommendations with the UBC community. The reader should bear in mind that this is a student research project/report and is not an official document of UBC. Furthermore, readers should bear in mind that these reports may not reflect the current status of activities at UBC. We urge you to contact the research persons mentioned in a report or the SEEDS Sustainability Program representative about the current status of the subject matter of a project/report”. Mobility Patterns, Experiences, and Preferences of University Students: Evaluating University of British Columbia Students’ Use of Single Occupancy Vehicle and Major Public Transit Routes Report to the UBC Alma Mater Society by PLAN 522 Students School of Community and Regional Planning Under the Supervision of Dr Leonora Angeles & Dr Penny Gurstein March 2018 i ii Table of Contents Executive Summary I.
    [Show full text]
  • 2019 Transit Service Performance Review Bus, Seabus, and Handydart Data Definitions & Assumptions
    2019 Transit Service Performance Review Bus, SeaBus, and HandyDART Data Definitions & Assumptions translink.ca/tspr 2 We develop the Transit Service Performance Review (TSPR) using several data sources. The data definitions will help in understanding the key performance indicators (KPIs) in the dashboard. This document outlines the definitions, assumptions, and calculations used in the bus, SeaBus, and HandyDART dashboard at: https://public.tableau.com/profile/translink#!/ • North Shore (North Vancouvers/West General Definitions Vancouver/Lions Bay/Bowen) • Southeast (North Delta/Surrey/Langleys/ White Paired routes Rock) • Southwest (Richmond/South Delta/ We include routes that are paired due to their Tsawwassen First Nation) service design. These routes operate together and • Vancouver/UBC data on both routes is needed to understand the ridership and performance trends. We also use these sub-regions in our Area Transport Planning process to recognize regional differences For example, routes 5 and 6 are reported together and align local plans with transit planning. Dividing because they operate as a loop. When the 5 reaches Metro Vancouver into sub-regions allows for Cambie and Dunsmuir it turns into the 6, then when enhanced local involvement in transit planning the 6 reaches Davie and Denman it turns back into addressing land use, transit supply, and supporting the 5. Performance on either side of the loop can infrastructure within local contexts. impact performance on the other side. C-routes Population/Employment Stop Buffer In 2018, we completed renaming the C-routes into Formerly called Population/Employment (400m or 800m buffer) three-digit numbered routes. This allows us more flexibility to put larger buses on community shuttle Population and employment within walking routes.
    [Show full text]
  • RR Youth Circle Info Package Final
    REFRAMING RELATIONS YOUTH CIRCLE EVENT MONDAY MAY 28TH, 2018 MUSEUM OF ANTHROPOLOGY 9:30AM - 3:30PM PARENT & TEACHER INFORMATION PACKAGE ABOUT US We are from the Community Arts Council of Vancouver (CACV), a non-profit organization with a mandate to support community arts across the City. We are offering a special opportunity that is available to students at your school as part of one of our programs, Reframing Relations. Reframing Relations is designed to support This year, several schools across the learning in secondary school classrooms Vancouver School District participated in this about reconciliation in Canada. Through program by hosting workshops in classrooms, experiential workshops, a pair of artist- including Magee Secondary, Charles Tupper facilitators, one Indigenous and one non- Secondary, and Van Tech Secondary. Indigenous, work with classes to engage students’ understandings of reconciliation We are inviting students who participated while modeling positive intercultural relations. in these workshops to attend a half-day Our facilitators are professional artists in gathering at the Museum of Anthropology genres as diverse as poetry, movement, for an immersive experience that will bring visual arts, and theatre. approximately 40 students together from across the district. We believe that there need to be more opportunities for youth to dialogue with their peers in a safe, creative space about these issues. 1 OUR INTENT is to elicit students’ own ideas, questions, hopes, and fears The Reframing Relations about the relationships between our peoples, in order to Youth Circle imagine the kind of future we want to create. • Date: Monday May 28, 2018 Leading the day Leading the day will be our 6 facilitators offering a variety • Open to students: of arts-based processes.
    [Show full text]
  • Vancouver And
    Compass Cards and Fare Information Effective September 6, 2021 Subject to adjustments. www.translink.ca Compass Cards can be loaded with the fare product of your choice, or you can add Stored Value (replaces FareSavers, and is perfect for single trip use and pay-as you-go travel). For your convenience, add products or Stored Value to your card at Compass Vending Machines, online at Bus Timetable www.compasscard.ca, by phone at 604-398-2042, or at the Compass Customer Service Centre at Stadium-Chinatown Station. Once you have a Compass Card, be sure to register it by visiting www.compasscard.ca or by calling the phone number on the back of your card. Vancouver Book 2: Compass Tickets - Great for occasional riders (single use trips and Vancouver, UBC, DayPasses), these limited use tickets are available at Compass Vending (routes 23 to 100, 430, R4, R5 and NightBus) Machines. Need more Compass information? Visit www.translink.ca/compasscard Fare Information - Bus-Only travel is ONE zone all the time. For SkyTrain and SeaBus the Peak Fare zone structure is in effect Monday through Friday from the start of service until 6:30pm. During this time, the fare system is divided into three zones. After 6:30pm Monday through Friday, and all day Saturday, Sunday, and holidays Off Peak Fares apply so the system is ONE zone for all modes. Need more Fare Information? Visit www.translink.ca/transit-fares or call Customer Information Services at 604-953-3333 Holiday Service Visit www.translink.ca or call Customer Information Services at 604-953-3333 for details regarding holiday service.
    [Show full text]
  • Transportation
    Transportation Public transit: www.translink.ca Please read the full instructions on Translink’s website, below are just short guidelines: Fares (http://www.translink.ca/en/Fares-and-Passes/Single-Fares.aspx) • $9 fare (2 zones) from YVR airport to Vancouver • $2.75 (1 zone, Compass ticket) between UBC – Pinnacle Harbourfront, or $2.10 (1 zone) with a Compass Card (Stored value). Tickets are available from YVR Sky train station and other stores in the city; and on the bus (exact coins only): • Compass Ticket • Compass Card (Stored Value) See: https://view.publitas.com/translink/learn-about-compass/page/1 One ticket allows for 90 minutes travel with unlimited transfers within the travel zone. Example of your daily commute: Day Destination Compass Ticket or Compass Card cash on the bus Sunday YVR – Vancouver (UBC or Pinnacle) – one way $9.00 $8.15 Monday UBC – Pinnacle and 2 x $2.75 2 x $2.10 Pinnacle - UBC Tuesday UBC – Pinnacle and 2 x $2.75 2 x $2.10 Pinnacle - UBC Wednesday One way only needed as there will be buses 1 x $1.75 1 x $2.10 from Pinnacle to UBC for the site visit delegates Thursday UBC – Pinnacle and 2 x $2.75 2 x $2.10 Pinnacle - UBC Friday UBC – Pinnacle and 2 x $2.75 2 x $2.10 Pinnacle - UBC Saturday UBC or Pinnacle to YVR – one way $5.00 $5.00 Deposit Refundable if you return the card to Compass n. a. $6.00 Customer Service Centre at Stadium– Chinatown SkyTrain Station (Downtown Vancouver) Total: $38.90 $37.90 or $32.90 if you return the card Routes Please use the Trip Planner option on Translink’s home page (top left corner) for various routes and bus map.
    [Show full text]