Student Services Budget

Current Year (FY2016) Budget

Please note that all Fiscal Year 2016 (FY2016) figures are forecasts. FY2016 ends April 30, 2016.

TOTAL FY2016 REVENUE: $11,463,143TOTAL FY2016 EXPENSES: $11,970,621

Want to know more?

The following table outlines the financials for Student Services in fiscal years 2012 forward, including the forecast for 2016 and budget for 2017. This information is also available in PDF form here.

 

         

Forecast

Budget

Revenue

FY12

FY13

FY14

FY15

FY16

FY17

Grants - Québec 1,607,700 1,675,425 1,754,325 1,809,675 1,837,500

1,874,250

Tuition and Fees 7,541,417 7,636,254 8,252,942 8,496,918 8,632,000 8,784,743
Sales of Goods and Services 759,687 1,110,453 935,946 1,171,283 966,000 965,000
Gifts and Bequests - - - 4,800 2,500 -
Endowment Revenue 23,962 22,919 23,584 24,537 25,143 24,000
Total Revenue 9,932,767 10,445,051 10,996,798 11,507,213

11,463,143

11,647,993
             

Expense

           
Salaries 7,552,918 8,489,288 8,584,273 9,223,943 9,581,176 10,165,871
Non-Salary 1,401,861 2,126,160 1,415,112 1,797,976 1,536,937 1,894,893
Overhead 159,437 168,606 321,589 320,506 602,508 651,385
Total Expense 9,114,216 10,784,053 10,320,974 11,342,425 11,720,621 12,712,149
             

Transfers

           
University Transfers (412,000) (412,000) (112,000) (112,000) - (180,000)
             

Current Year Balance (Before One-Time Expenses)

1,230,550 72,998 757,824 276,788 (257,478) (884,156)
             

One-Time Expenses*

           
Innovation Fund - - - - 250,000 250,000
Special Projects - - - - - 1,148,092
Total One-Time Expenses         250,000 1,398,092
             

Current Year Balance (After One-Time Expenses)

1,230,550 72,998 757,824 276,788 (507,478) (2,282,248)
Prior Year Carry-Forward Surplus/(Deficit) 3,624,605 4,831,513 4,889,782 5,607,700 5,884,488 5,377,010
             

Total Accumulated Surplus/(Deficit)     

4,885,156 4,904,511 5,657,606 5,884,488 5,377,010 3,094,762

 

*In FY2016, forecasted one-time expenses address only funding for the Student Services Innovation Fund (SSIF). In FY2017, budgeted one-time expenses address deferred IT infrastructure, project management, wellness services realignment, Macdonald Campus service improvements, staff development, and SSIF funding. A detailed breakdown of FY2017 one-time expenses is available here.