2026–2027 Estimated Consolidated Operating Budget
The revenue and expense assumptions collectively project a balanced budget, with an estimated $48 million in additional revenues offsetting an estimated $45 million in new expenses, along with $5.6 million of planned reserves for space and maintenance requirements.
| Operating Budget |
Operating-REV | Ancillary Fee Budget |
Infrastructure Capital |
Commercial Services |
2026 - 27 Proposed Budget |
|
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Operating Grants | 84,025 | - | - | 13,500 | - | 97,525 |
| Other Grants | 8,963 | 3,099 | 221 | 3,170 | - | 15,452 |
| Tuition | 135,244 | 14,759 | - | - | - | 150,004 |
| Student Ancillary Fees | 5,787 | 188 | 12,005 | 2,692 | 651 | 21,322 |
| Donations | 10 | 2,268 | 205 | - | - | 2,482 |
| Other Revenue | 6,004 | 9,429 | 12 | - | 8,562 | 24,007 |
| Total Operating Revenues | 240,032 | 29,742 | 12,442 | 19,362 | 9,213 | 310,793 |
| Base Expenditures | ||||||
| FT Labour | (138,486) | (7,321) | (6,922) | - | (2,518) | (155,247) |
| PT Labour | (18,201) | (6,020) | (1,780) | - | (539) | (26,541) |
| OPEX | (43,635) | (16,920) | (3,299) | (16,501) | (6,061) | (86,417) |
| CAPITAL | (134) | - | (26) | (5,862) | (20) | (6,042) |
| Approved Base Expenditures | (200,456) | (30,261) | (12,027) | (22,363) | (9,139) | (274,247) |
| Budget Surplus/(Deficit) before Asks | 39,576 | (519) | 415 | (3,001) | 74 | 36,546 |
| Base Recommendations | (2,676) | (8) | (464) | - | - | (3,148) |
| OTO Recommendations | (8,440) | 20 | (32) | - | - | (8,452) |
| Capital Recommendations | (64) | (100) | (120) | (20,258) | - | (20,542) |
| Total Net New Recommendations | (11,180) | (89) | (615) | (20,258) | - | (32,142) |
| Total Expenditures | (211,636) | (30,349) | (12,643) | (42,621) | (9,139) | (306,388) |
| Total CY Budget Surplus/(Deficit) | 28,397 | (607) | (200) | (23,259) | 74 | 4,404 |
| Funded through PY restricted reserves | 500 | 721 | - | - | - | 1,221 |
| Total Budget Surplus/(Deficit) | 28,897 | 114 | (200) | (23,259) | 74 | 5,626 |
In addition to the operating budget, there are externally restricted funds that are received annually and recognized in the audited financial statements. These include funds such as sponsored research and donations. As these funds have specific expense requirements attached to them, they are not included in the operating budget.