Provost and Vice-Principal (Academic)’s responsibility for University Budget
In accordance with the Provostial model adopted by McGill in 2007, the Provost and Vice-Principal (Academic) is in charge of both academic planning and the University Budget as well as ensuring that University resources are aligned with strategic academic priorities.
The Provost and Vice-Principal (Academic), working directly with the Associate Provost (Budget & Resources), has overall responsibility for budget planning. In this capacity, the Provost and Vice-Principal (Academic) is responsible for making certain that the University's annual multi-fund, multi-year budget and the Faculty Compacts reflect University priorities and are in alignment with the Financial and Budget Integration (FBI) process.
Reporting to the Associate Provost (Budget & Resource), the Office of the Budget is responsible for managing the process for the annual operating budget and for the development of the annual McGill University Budget Book. This Office administers budget reporting, budget control, budget variance reporting (monitoring of overspent balances) and budget transfers.
Strategic planning and budgeting
The University Budget is an expression of academic priorities that are established through McGill’s strategic planning process and aligns resources to these academic priorities. This activity involves a systematic process in which resources are determined for a set of activities that will fulfill particular objectives. The University priorities and objectives are outlined in ASAP 2012: Achieving Strategic Academic Priorities.