Figure 11.3 Budget Data, 2006–2007 to 2015–2016
Budget Overview Our revenue sources, attributed central costs and budget breakdown for 2015–2016 are shown in Figures 11.4, 11.5 and 11.6, respectively. Revenues are up 6.3 per cent year-over-year, driven by higher student enrolment, rising relative Figure 11.3students Budgetand Data, 2006–2007 to 2015–2016 enrolments of international undergraduate annual tuition increases. Government grant revenues have remained relatively stagnant as the grant per domestic student has not changed for a number of years. The ability to consistently grow net revenue at the Faculty level enables us to pursue renewal objectives, including Chapter: & Physical Resources major strategic initiatives such as theCh.11 Centre- Financial for Engineering Innovation & Entrepreneurship (CEIE). Further prudent Excel Filename: 11.1-6 Finances FY16 (AR16 - v4.xlsxto meet future commitments, budgeting and fiscal management across the Faculty has allowed us to11.1-6) fund reserves Sheet: 11.3 v1 upgrade existing classrooms and laboratories and invest in Dean’s Strategic Fund (DSF) initiatives. Date: July 14, 2016 Prepared by: Geoff Wichert
Figure 11.4 Revenue Sources, 2015–2016 $10.4M
$3.9M $2.7M $6.7M $6.0M
Undergraduate Student Tuition and Provincial Grants Graduate Student Tuition and Provincial Grants Total: $210.1M
Short-Term Investments Scholarships and Student Aid Funds Endowed Chairs Expendable Earnings Canada Research Chairs Research Grants and Contract Overhead
$51.9M
$128.5M
Faculty of Applied Science & Engineering | Annual Report 2016 | Chapter 11: Finance and Physical Resources 121