The consolidated expenses include actual spending in both the restricted and the operating funds. Restricted funds have been spent as specified by funders (such as government and donors) for purposes such as new buildings, student bursaries/scholarships and specific research and teaching programs. A breakdown of the operating budget is below. Within the consolidated expenses is $23 M more in spending than in revenue, which has been drawn from previous years’ revenues.
*Consolidated expense figures capture both Vancouver and Okanagan.
A. Restricted Fund Expenses
B. Operating Fund Expenses
OPERATING FUND EXPENSES BREAKDOWN
The following section represents the actual spending for the 2013/14 operating year. This is different from budget numbers, which project future spending.
* Includes $23 M drawn from previous years’ unspent revenue, in addition to the consolidated revenue fund.
Operating expenses of the Faculties, including salaries and benefits of faculty and staff, teaching support for students, some capital expenses, equipment purchases and supplies.
The cost of providing user-pay services on campus, including student housing, food services, the bookstore and parking.
Services including the UBC Library, IT, Centre for Teaching, Learning and Technology.
Building maintenance costs including repairs, utilities, waste management, landscaping, plus insurance and campus security.
The cost of scholarships and bursaries not funded from external donations or endowments.
Administrative services including Finance, Human Resources, Legal, Payroll and Procurement.
The cost of supporting UBC research through functions such as strategic research planning; services for UBC researchers including project development and grant applications, contract negotiation, ethics approval, technology patenting and commercialization, publishing through UBC Press, and financial management and reporting; and support of research facilities such as those for animal care.
Support for students, including health, counselling and career development.
Costs of engaging with alumni and donors, including fundraising.
Activities that support the relationship between the University and the community.