Skip to main content
Ontario Tech acknowledges the lands and people of the Mississaugas of Scugog Island First Nation.

We are thankful to be welcome on these lands in friendship. The lands we are situated on are covered by the Williams Treaties and are the traditional territory of the Mississaugas, a branch of the greater Anishinaabeg Nation, including Algonquin, Ojibway, Odawa and Pottawatomi. These lands remain home to many Indigenous nations and peoples.

We acknowledge this land out of respect for the Indigenous nations who have cared for Turtle Island, also called North America, from before the arrival of settler peoples until this day. Most importantly, we acknowledge that the history of these lands has been tainted by poor treatment and a lack of friendship with the First Nations who call them home.

This history is something we are all affected by because we are all treaty people in Canada. We all have a shared history to reflect on, and each of us is affected by this history in different ways. Our past defines our present, but if we move forward as friends and allies, then it does not have to define our future.

Learn more about Indigenous Education and Cultural Services

2024-2025 estimated consolidated operating budget

Considering the aforementioned assumptions, the 2024-2025 estimated consolidated operating budget totals $244.2M. This is 92 per cent of the university total budget which also includes restricted funds ($15.4M or 6 per cent for research and $4.2M or 2 per cent for restricted donations).

An Operating budget is a complex entity. Therefore it is, in turn, further broken down into a series of funds which are each aligned with a primary function (Figure 4).

Figure 4. 2024-2025 estimated consolidated operating statement
Operating Budget Purchased Services Operating-REV Ancillary Fee Budget Infrastructure Capital Commercial Services 2024-25 Proposed Budget
Revenues
Operating Grants 60,907 - - - 13,500 - 74,407
Other Grants 7,384 - 2,472 221 2,490 - 12,567
Tuition 100,650 - 11,584 - - - 112,234
Student Ancillary Fees 1,619 1,481 137 12,375 2,154 496 18,261
Donations 538 - 2,034 122 - 8 2,702
Other Revenue 5,834 220 11,106 574 - 6,349 24,084
Total Operating Revenues 176,933 1,701 27,332 13,292 18,144 6,853 244,255
Base Expenditures
FT Labour (108,236) (7,651) (6,348) (6,484) - (1,451) (130,170)
PT Labour (11,795) (197) (4,512) (1,488) - (412) (18,403)
OPEX (28,960) (7,541) (15,164) (2,732) (16,501) (4,331) (75,229)
CAPITAL (106) - (9) - (4,644) - (4,759)
Approved Base Expenditures (149,098) (15,388) (26,032) (10,704) (21,145) (6,194) (228,561)
Budget Surplus/(Deficit) before Asks 27,835 (13,688) 1,300 2,588 (3,001) 659 15,694
Recommendations
Base Recommendations (3,434) (410) (1,211) (209) - (322) (5,168)
OTO Recommendations (3,697) - 32 (543) - (50) (4,258)
Capital Recommendations (1,085) - (181) (2,390) - (10) (3,666)
Total Net New Recommendations (8,216) (410) (1,360) (2,723) - (382) (13,092)
Total Expenditures (157,314) (15,798) (27,392) (13,427) (21,145) (6,577) (241,653)
Total CY Budget Surplus/(Deficit) 19,620 (14,098) (60) (135) (3,001) 276 2,602
Funded through PY restricted reserves - - - 373 - - 373
Risk Contingency Fund 2,443 - - - - - 2,443
Total Budget Surplus/(Deficit) 22,062 (14,098) (60) 238 (3,001) 276 5,418