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Annual Operating Budget: Overview

The Provost and the VP, Administration present the annual operating budget to the Board of Governors every April for the upcoming fiscal year. The annual operating budget presentation reviews the strategic initiatives that will be implemented, resource allocation decisions and the budgetary assumptions that were used to guide those decisions.

For a much more in-depth explanation of the university’s planning and budget process, please read the Fiscal Blueprint.

Operating Budget: Annual Cycle Timelines

Early Fall:

  • Enrolment revenue forecasts updated based on confirmed Fall enrolment
  • Full-time position data updated 
  • Prior year base budget for all other budget lines rolled forward to create base budget

Late Fall:

  • Presentation to internal stakeholders outlining budget assumptions 
  • All units may submit requests for additional budget (Asks) whether they be permanent (Base) or temporary (One-Time Only)

Early Winter:

  • All units submit their proposed budgets (including Asks) 
  • Budget Working Group reviews all asks and makes strategic allocation decisions

Late Winter:

  • Durham College and Ontario Tech will present their proposed budgets for shared services/programs
  • Enrolment revenue forecasts updated based on confirmed Winter enrolment

Spring:

  • Proposed budget presented to the University’s Board of Governors for approval
  • Approved budget loaded into FAST Financial Reporting system