Queen's Budget 2013-2014

Queen's University's budget for 2013-14 was approved by the Board of Trustees at its May 10 meeting.

The balanced, $457-million budget reflects advice to the Provost from the Provost's Advisory Committee on the Budget and broad consultation with the university community.

"The 2013 budget is balanced, but the university continues to face significant pressures and risks," says Alan Harrison, Provost and Vice-Principal (Academic). "The pension deficit, our heavy reliance on government funding and tuition policy, and the need to invest significant resources in infrastructure renewal are just some of the factors that require us to be very cautious financially."

"The new budget model involves a more transparent budgeting process and empowers faculties and schools by allocating the revenue they generate directly to them," says Provost Harrison. "It also provides incentives to operate efficiently, while supporting investment in the university's strategic priorities."

Posted: 2013 May 14