ºÚÁÏÍø universities collaborating with provincial government on financial sustainability strategies
As discussed in recent Looking Ahead budget information sessions, ºÚÁÏÍø, like most ºÚÁÏÍø universities, has experienced increasing financial pressures. The university has been actively offsetting these pressures through implementing efficiencies and cost-saving measures as well as executing its differentiated growth strategy.
To further address and mitigate financial demands, the university has received approval from ºÚÁÏÍø’s Ministry of Colleges and Universities (MCU) to move forward with a review financed by the . This fund supports third-party reviews of individual post-secondary institutions to identify opportunities to maximize resources, while continuing to meet the evolving needs of students, faculty, staff, and local communities.
The university has hired consulting firm KPMG to complete the review.
About the review
This review is about determining the most effective uses of our daily limited time, and discovering which tasks and workflow processes we can rework, to improve administrative services and processes while providing opportunities for employees to participate in higher-impact activities.
The review will cover five mandatory areas:
- revenue-generating opportunities
- collaborative procurement opportunities
- physical assets and facilities
- academic programming
- university governance, administrative and student services
It will also explore opportunities to collaborate with other institutions, such as our campus partner, Durham College, which is participating in a similar review.
The review will begin immediately, with the preliminary report due to the MCU by January 31, 2025, and the final report due by March 31, 2025. The results will be reported to the university’s Board of Governors in April 2025.
The university will continue to provide updates in the Weekly Report as more details about the process become available.
