What is the make-up of our overall budget?

In 2007-08, the University's operating revenue of $290 million accounted for just over one-third (37%) of its total revenue of $780 million:

Total University Revenue by Business Segment (2007-2008)

Capital Revenue represents 0% of operating revenue. This is because revenue received for a particular capital project must be spent on that project and cannot be applied to operating revenue.

Similarly, Research, as well as Trust and Endowment Revenue must be spent according to the funding agency or donor's terms and conditions.

Ancillary enterprises are self-sustaining entities. They include Residences, PARTEQ, the International Study Centre, Continuing Education and Parking.

Approximately 80% of the Health Sciences revenue comes from the Ontario Ministry of Health and Long-Term Care under the Alternative Funding Plan (AFP); the balance is University operating funds.

This chart shows how all of the revenue is spent:

Total University Expense by Type (2007-2008)

The amortization expense represents the depreciation of capital assets.

Teaching, learning and research support represent the biggest component of university operating budgets, and as the following chart from the Canadian Association of University Business Officers (CAUBO) indicates, Queen's has one of the highest expenditure rates among its peers in Ontario:

Salaries make up the lion's share of most budgets across Queen's. Most units have little room to cut in other areas. So to maintain excellence at Queen's, innovative thinking is required.