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COVID-19 information and screening. Learn how we’re keeping our campus community safe, healthy and engaged during our gradual return to campus.
Note: The university’s mandatory vaccine directive is now in effect. Learn more about vaccine requirements.
COVID-19 information and screening.

Learn how we’re keeping our campus community safe, healthy and engaged during our gradual return to campus.
Note: The university’s mandatory vaccine directive is now in effect. Learn more about vaccine requirements.

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

Budget

Budget, the annual operating budget is a shared responsibility between Finance and the Provost. The Finance department manages reporting and analysis of the budget, while the process is managed by the Provost. There are five Certified Professional Accounts in the Financial Planning and Reporting department. The department provides and facilitates the budgeting cycle by acting as a resource to all academic, support, and administrative departments. Through training and consistent support, we assist all departments in planning, implementing, monitoring and controlling their budgets within anticipated resources. We work to ensure Ontario Tech University is fiscally responsible and accountable with its annual operating budget.

Ontario Tech University 2020-21 Budget Guidelines
The following budget guidelines provide a common understanding and framework for the budget process:

a) All budgets and quarterly calendarization will be completed in the “FAST Budget and Forecast” module.

 b) The budget starting point for each unit is their prior year base and base asks. Each unit will be allocated funds to cover fixed
     costs such as:

     i)  2020/21 salary increases
     ii) 2019/20 In-Year approved hires

c) Estimated salary increases for eligible full-time continuing employees are included in your starting budget (actual salary
    increases for each employee compensation group are all subject to approval by Human Resources).   

d) Payroll information, including employees and their respective annual salary, for academic and support staff continuing employees,
    definite term contract employees as well as employee costs charged by Durham College (DC) to Ontario Tech University, are
    included in your starting budget.

e) Full-time salary budgets include all approved positions as of October 1, 2019.   These are included in your starting budget.

f) Benefit expenses for employees, included in your starting budget, are calculated as follows:

        i) For employees on the Ontario Tech University payroll:

       - 19.5% for full-time continuing employees, and
       - 9% for limited term contract employees

g) Due to tuition freeze, there will be no Base or OTO asks in the budget process for 2020/2021

h) For all areas that generate revenue, update the revenue and corresponding expenses required to generate revenue.

i) All budget holders should review their budgets with their respective vice-president or delegate prior to submission of the budgets in
   the FAST Budget module by 5 p.m. on Friday November 29th.

Manuals
20/21 Budget Manual
Upload Instructions
Upload Template

Annual Operating Budget

The Provost and the Chief Financial Officer 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, strategic resource allocations

Forecast

Operating budgets