Historical timeline In planning for the future, it can be useful to look back and ask “how did we get here?� The chart and historical timeline provided here attempts to rewind the clock and identify some key decisions with significant financial impact that have occurred since 2001-2002. These key decisions have been identified on the timeline along with an undergraduate and graduate student headcount, and a faculty, professional librarian and staff headcount. The chart begins in 2001- 2002, as it closely coincides with when the move to a comprehensive university was proposed and endorsed. An interesting observation is that the student to faculty and librarians, and the staff to faculty and librarians ratios have not changed substantially since 2001-2002.
REVIEW
Note: The faculty and professional librarians headcount figures accumulated represent roster data (i.e. all employees holding a faculty position in the academic year). The staff headcount figures are from Human Resources and represent headcount as of October of each year.
20 2020-21 Budget Report
Figure 33: Historical audited financial results ($ millions)
16.9
15.9
13.2
12.0 10.2 7.3
8.8
7.4
6.4
2.9 1.0 (1.7)
(1.9) (4.6)
0
(2.2)
(5.8) (7.6)
(16.1) 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 119 116 Revenue
133 134
174 161 Expense
198 188
204 197
224 217
221 226
229 245
245 253
260 266
271 273
286 288
299 298
313 296
313 307
324 315
337 325
354 338
Surplus/(deficit)
Note: The figures were obtained from the audited financial statements of Brock University, which were prepared in accordance with the Canadian generally accepted accounting principles for not-forprofit organizations (2001-02 to 2010-11) and in accordance with Canadian accounting standards for not-for-profit organizations (2011-12 to 2018-19).