I am pleased
to report that the Board of Governors formally adopted the 2015/16 budget on
Tuesday, May 19, 2015.
budget sets the stage for Capilano’s transformative future, clearly aligning
with the goals outlined in the Strategic Plan. The budget will allow Capilano
to better meet the needs of its students, faculty and staff by providing the
funding necessary to enhance the services we offer to our students, upgrade
campus facilities and improve our student enrolment systems.
Thank you to
all who lent your expertise, time and resources to the budget process. I look
forward to collectively creating a learning environment that will best serve our
current and future students.
Kris BulcroftPresident, Capilano University
The 2015/16 Budget Process continues to move forward,
according to the established timeline.
On April 14, I submitted a recommended balanced budget
with details, including a proposed tuition increase and new student fees, to the
Senate Budget Advisory Committee (SBAC) for consultation.
The University presented the draft 15/16 All Funds Budget
to the Board on April 27, recommending that the budget be reviewed by the newly
formed Executive Committee of the Board at its meeting on May 14 before it is
presented to the Board for approval. The Board approved the recommendation.
On April 27, the Board approved a 2% increase to student
tuition, the maximum allowable increase under the provincial tuition-limit policy.
The Board also approved two new student fees: the Student Services Fee and Student
Technology Fee. These fees will enable Capilano to improve existing
services and add new services and technology, ultimately enhancing the student
experience and contributing to student success.
The SBAC held meetings on April 28 and May 4 to
discuss the budget and request additional information.
Following the Executive Committee of the Board meeting on
May 14, the University will prepare a recommended All Funds 2015/16 Budget,
which we will present to the Board at its next meeting on May 19.
We are confident that this budget will support Capilano
University in achieving the goals outlined in the Academic and Strategic Plans;
allowing us to refine our program offerings, better manage student enrolment
and enhance learning environments.
We will continue to keep you updated as the process
BulcroftPresident, Capilano University
I am writing with an
update on the 2015/16 budget planning process.
Over the past few
weeks, the VP of Finance and Administration liaised with each department and
faculty to collect a list of budget add-ons. The University will give these
requests our full consideration as we proceed with the budget process. The next
step is to present the list of budget add-ons and capital expenditures to the Senate
Budget Advisory Committee (SBAC) and Board of Governors for information at
their respective meetings on March 17.
Ministry of Advanced Education recently informed us that we will not receive
additional funding in 2015/16. In the coming weeks, I will work with the executive group to
identify options that will address our funding gaps while equipping the
University to achieve its strategic priorities.
Our Academic and
Strategic Plans will continue to offer guidance for decision making, outlining
where we should focus our resources to remain fiscally responsible and meet our
I will keep you informed
of new developments, but if you have any questions or feedback, contact
BulcroftPresident, Capilano University
the past few months, we have been actively engaged in developing the 2015/2016
budget, taking into account our fiscal realities and the government reduction
in funding across the B.C. post-secondary sector.
University Act requires us to have a balanced budget, so a key part of our
planning process is to identify how we can generate revenue and reduce costs.
The preliminary budget for the year ending March 31, 2016 shows a shortfall of
$1.2 million. As a result, we will once again need to consider changes in our
service offerings, delivery mechanisms or curriculum in order to continue
providing an exceptional learning experience while ensuring fiscal
the academic integrity of our programs and maintaining positive student experiences
are Capilano University’s top priorities. As we
consider our plans for the future, we will continue to provide you with updates
about our progress. I encourage all our students, faculty and staff to stay up to
date with the latest activities by visiting this page. Of course, if you have
any questions as we move forward, please feel free to reach out at firstname.lastname@example.org.
President, Capilano University
Mandate Letter - 2016-17.pdf
VP Academic and Provost Response to Letter: March 9 2016
Letter to VP Academic and Provost: March 4 2016
Budget Communication – Building the 2016/2017 Budget
Draft 2016/2017 All-funds Balanced Budget
Instructional Budget Add-ons
Non-instructional Budget Add-ons
Board Budget Policy B.206
Budget Summaries Last 5 Years
Senate Budget Advisory Committee
Three Year Budget Forecast
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