Vol. CXXXVII, No. 15 January 23, 2017 thevarsity.ca —— The University of Toronto’s Student Newspaper Since 1880
U of T forecasts: Higher revenue $2.91 B Fiscal year 2016
$1.39 B
$3.13 B
Projected for the fiscal year 2017
Higher expenses $2.96 B
Projected for the fiscal year 2017
$2.70 B Fiscal year 2016
The largest source of income for the university is student fees, which are projected to account for 59.8 per cent of revenue in the fiscal year 2017
$1.36 B
-$309.3 M
Salaries are the largest expense for the university, projected to account for 45.9 per cent of expenses in the fiscal year 2017
in net transfers
+$89.0 M
in pension and benefit measurement
-$52.0 M
for the deficit at the beginning of the year
$52.0 M Fiscal year 2016
$93.9 M Projected for the fiscal year 2017
Debt: $1.02 billion