UNIVERSITY OF MANITOBA BUDGET FRAMEWORK Release February 2018 UNIVERSITY OF MANITOBA BUDGET FRAMEWORK TABLE OF CONTENTS Important Note to Readers ....................................................................................................................................................4 I. University of Manitoba — Quick Facts..........................................................................................................................5 II. Setting the Stage — University Finances.....................................................................................................................6 III. Integrated Planning at the University of Manitoba............................................................................................... 10 A. Strategic Plan ......................................................................................................................................................... 10 B. Research Plan ......................................................................................................................................................... 13 C. International Strategy ......................................................................................................................................... 14 D. Strategic Enrolment Management ................................................................................................................. 16 E. Major Capital Planning ....................................................................................................................................... 17 F. Campus and Space Planning ............................................................................................................................ 18 G. Environmental Sustainability Strategy ......................................................................................................... 19 H. IT Planning .............................................................................................................................................................. 20 I. Campaign Plan ...................................................................................................................................................... 20 J. Unit Level Plans ..................................................................................................................................................... 22 IV. Developing the Budget ................................................................................................................................................... 23 A. Planning Context .................................................................................................................................................. 23 B. Budget and Planning Process Timelines ...................................................................................................... 24 C. Estimates.................................................................................................................................................................. 25 D. Resource Planning................................................................................................................................................ 25 E. Budget Development ......................................................................................................................................... 26 F. Budget Monitoring .............................................................................................................................................. 27 G. 2017/18 Operating Budget ............................................................................................................................... 27 V. Additional Financial Information ................................................................................................................................. 28 A. Fund Categories and Inter-Fund Transfers .................................................................................................. 28 B. Inter-Fund Transfers ............................................................................................................................................. 28 C. General Funds ........................................................................................................................................................ 28 D. Restricted Funds ................................................................................................................................................... 32 VI. Appendixes 1. Critical Infrastructure Renewal Projects 2018/19 ...................................................................................... 37 2. Budget Advisory Committee Membership List ......................................................................................... 38 3. Operating Fund Revenue: 2013 to 2017 ...................................................................................................... 39 4. Operating Fund Expenditure: 2013 to 2017 ............................................................................................... 40 5. A) General Operating Fund Revenues and Expenses: 5 Year Detail Statement ............................. 41 B) Inter-Fund Detail: 5 Year Detail Statement ............................................................................................. 42 6. Comparison of General Operating Expenditures by Function by U15 Universities ..................... 43 7. Operating Income per Enrolment by Province: 2015/16 ....................................................................... 44 8. Change in Provincial Government Funding per Student Enrolment: 2005/06 to 2015/16 ............................................................................................................................................. 45 9. Average Undergraduate University Tuition by Province: 2001/02 to 2017/18 ............................... 46 10. Average Undergraduate Tuition Fee Increases: 2001/02 to 2016/17 ................................................. 47 11. Net Expenditures per FFTE Student by Faculty: 2012/13 to 2016/17 ................................................ 48 12. Net Expenditures per FFTE Student by Faculty: Indexed to 2012/13 ................................................ 49 13. Carryover by Major Function: 2013 to 2017 ................................................................................................ 50 14. Carryover Allocation Funding Category: 2 Year Summary .................................................................... 51 15. Change in Research Fund Revenue: 2013 to 2017 ................................................................................... 54 16. Research Fund Expenses by Purpose: 2013 to 2017 ................................................................................ 55 17. Research Expenses by Faculty: 2016/17 ....................................................................................................... 56 18. Rates of Federal Government Grants to University of Manitoba vs. Research Support Funds: 2007 to 2018 ........................................................................................................................................................... 57 19. Canada Foundation for Innovation and Manitoba Research and Innovation Fund Awards: 2012 to 2017 ........................................................................................................................................................... 58 20. Background on Canada Research Chairs Program ................................................................................... 59 21. Special Funds Net Revenues: 2013 to 2017................................................................................................. 60 22. Capital Asset Fund Revenue by Source: 2016/17 ...................................................................................... 61 23. Capital Acquisitions: 2004 to 2017 ................................................................................................................. 62 24. University Investment Trust Market Values: 2005 to 2017 ..................................................................... 63 25. Selected Statistics ................................................................................................................................................. 64 VII. Glossary of Terms ............................................................................................................................................................... 65 Accessible version of this document available upon request. IMPORTANT NOTE TO READERS The University of Manitoba Budget Framework is presented as a document that supports budget and planning transparency, accountability and communication to the members of the University community. This resource has been developed to ensure the University community has access to the organization’s financial and planning information, including linkages to related and relevant information that assists in our decision-making. In order to enhance clarity, when a term appears in brown bold typeface within the text, the reader will find a definition in the Glossary of Terms. Appendixes and Section links are indicated in bold typeface and underlined. Phrases or words underlined and in grey bold typeface indicate a link external to this document. Clicking on internal links for glossary terms or section references will take you to a corresponding point within