A Balanced Budget for 2011-2012

Published by Allan Rock on Wednesday, June 1st, 2011 – 01:51 PM -

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The University’s 2011-12 budget was approved by our Board of Governors on May 30, 2011. Preparing and presenting our annual budget is always a major undertaking, and is especially challenging in the still-fragile economic environment that exists here in Canada and worldwide. All things considered, however, uOttawa is in sound financial condition.

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One comment » “ A Balanced Budget for 2011-2012 ”

  1. Jonathan Degan says:
    Monday, June 6th, 2011 at 03:57 PM

    At minute 5:30, Mr. Rock states the University contributes "about $40 million dollars …. so it's there when you need it."

    In fact, current University contributions are approximately $31 million dollars (excluding special payments started in 2011) and employee contributions around $17 million dollars.

    This can be verified in the Annual Reports and Valuations:
    http://www.hr.uottawa.ca/pension/plan/pub/index.php

    Sincerely.

    As per December 31, 2010 Financial Statements that will be approved by The Board of Governors on June 20, 2011, University contributions were $ 32,4 M. For 2011, the normal contribution forecast is $ 33.5 M, plus the special payment of $6.4 M that started on January 1, 2011, for a total contribution of $ 39.9M.

    The 2010 Financial Statements will be posted to the University website in the week following the June 20, 2011 Board of Governors meeting.

    Office of the Associate Vice-President, Financial Resources.

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