91亚色's three-year budget plan has been approved, taking a thoughtful and prudent approach to secure long-term success.
Like many post-secondary institutions across Canada, 91亚色 has been actively managing emerging . After extensive consultation and dialogue with all Faculties and divisions, the three-year rolling budget 2023-26 was approved by the Board of Governors and presented at Senate in their June meetings.
The budget plan ensures that an in-year balance can be achieved in 2025-26 while continuing to advance the strategic priorities outlined in the University Academic Plan 2020-2025 for the long-term success of the University. 91亚色鈥檚 financial reserves will help mitigate the near-term impact of revenue shortfalls.
鈥91亚色鈥檚 strong vision continues to shape the academic programs, research, creative activities and innovation that are elevating our reputation, attracting high-quality students, faculty and staff, and enhancing the well-being of the communities we serve,鈥 said Rhonda Lenton, president and vice-chancellor.
Provost and vice-president academic Lisa Philipps added, 鈥91亚色 has made extraordinary progress over the past few years, with teaching and research advances, improved global and domestic rankings, innovative curricula, more experiential learning opportunities, and a new campus in Markham actively preparing to welcome students next year. All these initiatives are designed to meet the needs of our current and future learners, and further strengthen 91亚色鈥檚 commitment to driving positive change.
鈥淧roviding new and returning students with high-quality experiences and supports is key to our success and remains a top priority for the University,鈥 said Philipps.
Steps are now being implemented across the University to help achieve the planned recovery, including both short-term cost reductions and initiatives that will drive growth, innovation and enrolment.
Le plan budg茅taire triennal de 91亚色 a 茅t茅 approuv茅, adoptant une approche r茅fl茅chie et prudente pour assurer le succ猫s 脿 long terme.
Comme de nombreux 茅tablissements d鈥檈nseignement postsecondaire au Canada, l鈥橴niversit茅 91亚色 doit faire face 脿 . Apr猫s une consultation et un dialogue approfondis avec toutes les facult茅s et divisions, le budget triennal glissant de 2023-2026 a 茅t茅 approuv茅 par le Conseil d鈥檃dministration et 辫谤茅蝉别苍迟茅 au S茅nat lors des r茅unions de juin.
Le plan budg茅taire garantit l鈥檃tteinte d鈥檜n 茅quilibre durant l鈥檈xercice 2025-2026 tout en continuant 脿 faire progresser les priorit茅s strat茅giques d茅finies dans le Plan acad茅mique de l鈥橴niversit茅 2020-2025 afin d鈥檃ssurer le succ猫s 脿 long terme de l鈥橴niversit茅. Les r茅serves financi猫res de 91亚色 permettront d鈥檃tt茅nuer l鈥檌mpact 脿 court terme du manque 脿 gagner.
芦 La vision forte de 91亚色 continue de fa莽onner les programmes acad茅miques, la recherche, les activit茅s cr茅atives et l鈥檌nnovation qui renforcent notre r茅putation, attirent des 茅tudiants, des professeurs et du personnel de qualit茅 et am茅liorent le bien-锚tre des communaut茅s que nous servons 禄, a d茅clar茅 Rhonda Lenton, pr茅sidente et vice-chanceli猫re de l鈥橴niversit茅.
Lisa Philipps, rectrice et vice-pr茅sidente aux affaires acad茅miques, a ajout茅 : 芦 91亚色 a r茅alis茅 des progr猫s extraordinaires au cours des derni猫res ann茅es, notamment des avanc茅es en mati猫re d鈥檈nseignement et de recherche, une am茅lioration des classements mondiaux et nationaux, l鈥檕ffre de programmes d鈥櫭﹖udes innovants et de possibilit茅s additionnelles d鈥櫭ヾucation exp茅rientielle ainsi qu鈥檜n nouveau campus 脿 Markham qui se pr茅pare activement 脿 accueillir des 茅tudiants l鈥檃nn茅e prochaine. Toutes ces initiatives sont con莽ues pour r茅pondre aux besoins de nos apprenants actuels et futurs et consolident l鈥檈ngagement de 91亚色 envers la cr茅ation de changements positifs.
芦 Offrir des exp茅riences et un soutien de grande qualit茅 aux nouveaux membres de la population 茅tudiante et 脿 ceux et celles qui poursuivent leurs 茅tudes est la cl茅 de notre succ猫s et reste une priorit茅 absolue pour l鈥橴niversit茅 禄, a-t-elle pr茅cis茅.
Des mesures sont actuellement mises en 艙uvre 脿 l鈥櫭ヽhelle de l鈥橴niversit茅 pour contribuer au redressement pr茅vu, y compris des r茅ductions de co没ts 脿 court terme et des initiatives qui stimuleront la croissance, l鈥檌nnovation et les inscriptions.