uAlberta budget assumes no cuts to Campus Alberta Grant; reduces spending by 1.5%

March 18, 2015

The board of governors at the University of Alberta has approved the institution's 2015 Comprehensive Institutional Plan. The Plan includes the 2015–16 institutional budget as well as uAlberta's long-term academic strategic plan and capital plan. In a weekly bulletin announcing the plan's approval, uAlberta President Indira Samarasekera noted that given significant financial pressures facing AB, the university has prepared for a variety of scenarios; however, the budget is based on the assumption that there will be no change made to the Campus Alberta Grant. Nevertheless, in order to minimize a deficit in the operating budget, the university has introduced a 1.5% cut to all faculties and administrative units. Samarasekera added that even if the Campus Alberta Grant is reduced in the provincial budget, there will be no further reductions applied to faculties and administrative units in 2015–16; if there is a reduction to the Campus Alberta Grant, uAlberta will proceed with an operating deficit. The new budget also stipulates that any negotiated across-the-board salary increases will become the responsibility of faculties and administrative units. Samarasekera Bulletin | Budget 2015–2016