Planning and Budgeting

Office of

Planning and Budgeting

OFFICE OF

Planning and Budgeting

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Budget

The Office of Planning and Budgeting (P&B) supports long range planning at Queen’s University through the preparation of the University’s Annual Operating and Ancillary budgets. The University uses a rolling three-year budget planning window. Each year the Board of Trustees reviews and approves a one year annual budget.

The budget process is a continuous cycle. The implementation and monitoring of the current year’s budget occurs in tandem with the planning and development of the subsequent year’s budget. As mentioned this is always done in the context of a minimum three-year planning timeframe. This approach provides a more realistic horizon for the University for the purpose of planning and decision making in a fast-changing environment.

The office maintains detailed models providing multi-year projections of enrolments, revenues, and expenditures, and supports the Provost and Vice-Principal (Academic) in establishing the University’s budget. P&B also is committed to providing support to all academic and shared services units in all aspects of budget development and monitoring.

At Queen’s, the budget process is designed to support the university’s vision as a research-intensive university with a transformative student learning experience, while also ensuring financial sustainability. The aim of the activity-based budget model, which was adopted for the fiscal 2013-14 budget year, is to provide a transparent budget process that closely aligns the allocation of resources with the university’s strategic priorities.