Provost to hold information sessions on budget process
The Queen’s community can learn more about the university’s new budget model, its budget for 2013-2014 and projections for future years at two upcoming information sessions.
Alan Harrison, Provost and Vice-Principal (Academic), will lead the presentations and answer questions about the budget and budgeting process.
“I want to provide a further opportunity for the Queen’s community to learn about the new budget model and the budget for the next fiscal year,” says Provost Harrison. “I know there may still be questions and I encourage everyone who is interested to attend one of these sessions.”
Over the past 12 months the Provost’s Advisory Committee on the Budget has been working hard on all aspects of the development of the new budget model. The new model aims to improve transparency and accountability, and to better align the resource allocation process with the university’s strategic academic priorities. It has four key features:
- Attributing revenue to the faculty or school responsible for generating that revenue.
- Attributing the costs of shared services (such as space, the library and human resources) to each of the faculties and schools supported by those services.
- Establishing a University Fund to provide support for institutional priorities.
- Continuing direct distribution of revenue not included in the operating budget (research grant and contract revenue, targeted philanthropic gifts, and other in-trust targeted funding) to the faculty or school responsible for generating that revenue.
The two budget information sessions take place Thursday, April 11, 12–1:30 pm in Chernoff Auditorium and Tuesday, April 16, 3:30–5 pm in Ellis Hall Auditorium.